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olivLaw · US equity research

Loop Industries, Inc. LOOP

Chemicals & Allied Products · SIC 2800 · Vertical: Chemicals & Allied Products (SIC 2800)

0.27USD+1.53% · 1 dayClose 04 Nov 2026

Loop Industries is a technology company developing a patented process to depolymerize waste PET and polyester fiber into virgin-quality monomers for food-grade packaging and textiles. The company is at a critical stage, as its India joint venture has been rescaled and financing remains an essential condition.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Loop Industries, Inc. (LOOP) stock was 0.27 USD (+1.53% on the day), with market capitalisation 13.0 m USD, beta 1.07, 52-week range 0.24–1.63 USD. Latest reported quarter (Q2 2027): revenue of 117.0 k USD, net income of -3.0 m USD, diluted EPS -0.06 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
13.0 m USD
shares as of 15 Oct 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.26 · TTM to 28 Feb 2026
E/P (TTM)
-97.74%
TTM to 28 Feb 2026
Dividend yield
unavailable
Beta (2y)
1.07
Volatility (1y) 81%
52-week range
0.241.63

Price history

Loading chart…

Technical reading

RSI (14)
33.6
weak (30–45)
Bollinger (20, 2)
0.20 – 0.42
in the lower half of the band · %B 0.30 · band width 71.2%
SMA 50 / 200
0.41 / 0.95
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.05 / -0.05
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−38.1%−1.1%−37.0 pp—
3 months−61.2%−0.5%−60.8 pp—
6 months−81.0%+4.4%−85.4 pp—
Year to date−73.4%+12.3%−85.7 pp—
1 year−83.2%+13.5%−96.7 pp+3.3%
3 years−91.9%+76.4%−168.4 pp−23.2%
5 years−98.3%+63.7%−162.0 pp—
Max drawdown (1y)
−85.2%
05 Nov 2025 → 23 Oct 2026
Max drawdown (5y)
−98.6%
08 Nov 2021 → 23 Oct 2026
Compound annual growth (5y)
−55.8%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2027 · 31 Aug 2026

Revenue
117.0 k USD
unavailable YoY
Net income
-3.0 m USD
unavailable YoY
Diluted EPS
-0.06
unavailable YoY
net / operating
-2,553.8% / unavailable

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27Q2 '27
Revenue52.0 k10.8 m252.0 k086.0 k176.0 k179.0 k117.0 k
Cost of revenue——114.0 k0——179.0 k113.0 k
Research & development1.4 m1.1 m1.3 m843.0 k967.0 k290.0 k962.0 k540.0 k
Depreciation & amortisation132.0 k126.0 k100.0 k96.0 k94.0 k94.0 k84.0 k83.0 k
Interest expense110.0 k329.0 k419.0 k419.0 k436.0 k430.0 k436.0 k460.0 k
Net income-11.9 m6.9 m-3.4 m-3.2 m-2.9 m-2.7 m-3.4 m-3.0 m
Diluted EPS-0.25—-0.07-0.07-0.06—-0.07-0.06
Operating cash flow-1.9 m ≈6.5 m-3.1 m-2.5 m ≈-1.8 m ≈-2.7 m-1.2 m-1.2 m ≈
Capex—0——————

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20192020202120222023202420252026
Revenue0000173.0 k153.0 k10.9 m514.0 k
Revenue YoYunavailableunavailableunavailableunavailableunavailable−11.6%+7,017.0%−95.3%
Net income-17.5 m-14.5 m-36.3 m-44.9 m-21.3 m-21.1 m-15.1 m-12.3 m
Net income YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Diluted EPSunavailableunavailableunavailableunavailableunavailable-0.44-0.32-0.26
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
net %unavailableunavailableunavailableunavailable-12,312.7%-13,782.4%-138.3%-2,392.8%
Free cash flow-9.5 m-11.5 m-24.2 m-45.4 m-35.0 m-23.2 m-2.1 munavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 28 Feb 2026

Cash
2.4 m USD
Financial debt
3.0 m USD
Net debt
679.0 k USD
Equity
-9.6 m USD
Total assets
8.6 m USD
Debt / equity
unavailable
Current ratio
1.31x
ROE
unavailable
ROA
-90.6%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2024
153.0 k
2025
10.9 m
2026
514.0 k

SEC (XBRL)· 27 May 2026verified

Cost of revenue
2024
—
2025
218.0 k
2026
381.0 k

SEC (XBRL)· 27 May 2026verified

Gross profit
2024
—
2025
10.7 m ≈
2026
133.0 k ≈

SEC (XBRL)· 27 May 2026derived

Research & development
2024
11.4 m
2025
6.6 m
2026
3.5 m

SEC (XBRL)· 27 May 2026verified

Depreciation & amortisation
2024
535.0 k
2025
524.0 k
2026
384.0 k

SEC (XBRL)· 27 May 2026verified

Interest expense
2024
—
2025
618.0 k
2026
1.7 m

SEC (XBRL)· 27 May 2026verified

Pre-tax income
2024
—
2025
-15.1 m
2026
-12.3 m

SEC (XBRL)· 27 May 2026verified

Income tax
2024
0
2025
0
2026
0

SEC (XBRL)· 27 May 2026verified

Net income
2024
-21.1 m
2025
-15.1 m
2026
-12.3 m

SEC (XBRL)· 27 May 2026verified

Diluted EPS
2024
-0.44
2025
-0.32
2026
-0.26

SEC (XBRL)· 27 May 2026verified

Weighted average diluted shares
2024
47.5 m
2025
47.6 m
2026
—

SEC (XBRL)· 29 May 2025verified

Balance sheet · USD

Cash
2024
7.0 m
2025
13.0 m
2026
2.4 m

SEC (XBRL)· 27 May 2026verified

Receivables
2024
351.0 k
2025
639.0 k
2026
755.0 k

SEC (XBRL)· 27 May 2026verified

Inventories
2024
102.0 k
2025
82.0 k
2026
0

SEC (XBRL)· 27 May 2026verified

Current assets
2024
8.0 m
2025
13.9 m
2026
3.6 m

SEC (XBRL)· 27 May 2026verified

Property, plant & equipment, net
2024
10.6 m
2025
1.7 m
2026
1.7 m

SEC (XBRL)· 27 May 2026verified

Intangibles (excl. goodwill)
2024
1.5 m
2025
1.7 m
2026
1.8 m

SEC (XBRL)· 27 May 2026verified

Total assets
2024
20.6 m
2025
18.6 m
2026
8.6 m

SEC (XBRL)· 27 May 2026verified

Accounts payable
2024
2.3 m
2025
2.0 m
2026
729.0 k

SEC (XBRL)· 27 May 2026verified

Short-term debt
2024
100.0 k
2025
312.0 k
2026
605.0 k

SEC (XBRL)· 27 May 2026verified

Long-term debt
2024
3.2 m
2025
2.8 m
2026
2.4 m

SEC (XBRL)· 27 May 2026verified

Current liabilities
2024
2.4 m
2025
4.0 m
2026
2.8 m

SEC (XBRL)· 27 May 2026verified

Total liabilities
2024
6.4 m
2025
18.2 m
2026
18.1 m

SEC (XBRL)· 27 May 2026verified

Equity
2024
14.1 m †
2025
367.0 k †
2026
-9.6 m †

SEC (XBRL)· 16 Oct 2026verified

Cash flow · USD

Operating cash flow
2024
-18.0 m
2025
-2.1 m
2026
-10.1 m

SEC (XBRL)· 27 May 2026verified

Capex
2024
5.2 m
2025
0
2026
—

SEC (XBRL)· 29 May 2025verified

Free cash flow
2024
-23.2 m ≈
2025
-2.1 m ≈
2026
—

SEC (XBRL)· 29 May 2025derived

Investing cash flow
2024
-5.6 m
2025
-2.0 m
2026
-1.2 m

SEC (XBRL)· 27 May 2026verified

Financing cash flow
2024
-63.0 k
2025
10.3 m
2026
678.0 k

SEC (XBRL)· 27 May 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-95.3%
computed by olivLawFY 2026
Revenue CAGR 3Y
43.8%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
unavailable
the base of the ratio is not positive
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
-0.2%
computed by olivLawTTM to 31 Aug 2026
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
-2,154.3%
computed by olivLawTTM to 31 Aug 2026
FCF margin
unavailable
input data missing

Returns

ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
ROA
-122.3%
computed by olivLawTTM to 31 Aug 2026 · balance sheet at 31 Aug 2026
ROIC
unavailable
equity is negative: buybacks shrink the invested capital and ROIC would come out large without meaning anything
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
2.0 m USD
computed by olivLawbalance sheet at 31 Aug 2026
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
0.3x
computed by olivLawbalance sheet at 31 Aug 2026
Quick ratio
unavailable
input data missing
Cash ratio
0.2x
computed by olivLawbalance sheet at 31 Aug 2026

Cash

Operating cash flow
-6.9 m USD
computed by olivLawTTM to 31 Aug 2026
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
276 days
computed by olivLawTTM to 31 Aug 2026 · balance sheet at 31 Aug 2026
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
1,425 days
computed by olivLawTTM to 31 Aug 2026 · balance sheet at 31 Aug 2026
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
13.0 m USD
computed by olivLawbalance sheet at 31 Aug 2026
Enterprise value
15.0 m USD
computed by olivLawbalance sheet at 31 Aug 2026
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-92.6%
computed by olivLawTTM to 31 Aug 2026
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
P/S
23.3x
computed by olivLawTTM to 31 Aug 2026 · balance sheet at 31 Aug 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
26.9x
computed by olivLawTTM to 31 Aug 2026 · balance sheet at 31 Aug 2026
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

Risk

Altman Z
unavailable
input data missing

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 18.8% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

0.27 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 13.0 m USD

Key indicators

Market capitalisation
13.0 m USD
computed by olivLawbalance sheet at 31 Aug 2026
P/E (TTM)
unavailable
insufficient data
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
EV/EBITDA
unavailable
input data missing
ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Net margin
-2,154.3%
computed by olivLawTTM to 31 Aug 2026
Revenue growth (YoY)
-95.3%
computed by olivLawFY 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

29/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 31 Aug 2026
Latest balance sheet date: 31 Aug 2026
Share count (cover of the latest filing), as of: 15 Oct 2026
Source: SEC (XBRL)published 16 Oct 2026
verified 1375derived 102

Score by group

19% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Multiple comparisons use the SIC vertical: Chemicals & Allied Products (SIC 2800)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-2,154.3%7 (vs peers)33%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth43.8%100 (on a fixed band)44%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet0.3x0 (on a fixed band)22%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial0/100 · 1/3 factors with a value
  • Growth· partial100/100 · 1/2 factors with a value
  • Quality· partial7/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Loop Industries, Inc. (LOOP). Latest full fiscal year: 2026; data up to 2026-08-31.

Figures computed from the financial statements: revenue 514.0 k USD in 2026; YoY growth -95.3%; net margin -2,154.3%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Revenue CAGR 3Y: 43.8%

What contradicts it

  • Net margin: -2,154.3%
  • Current ratio: 0.3x

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Chemicals & Allied Products (SIC 2800) · same industry (4-digit SIC) · compared with 14 companies

Multiples and returns vs the median

P/E
—
vertical median 31.4x
EV/EBITDA
—
vertical median 8.6x
P/S
23.3x
vertical median 1.3x
above median (+1,753.3%)
P/B
—
vertical median 1.9x
ROE
—
vertical median -12.0%
Net margin
-2,154.3%
vertical median -5.5%
below median
EBIT margin
—
vertical median -3.0%
Revenue YoY
-95.3%
vertical median 1.8%
below median (−5,503.5%)
Net debt/EBITDA
—
vertical median 2.3x
Dividend yield
—
vertical median 4.4%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
SOLSSolstice Advanced Materials Inc.9.1 bn28.313.6%7.8%+3.1%+21% / unavailable
BCPCBalchem Corporation5.8 bn34.413.0%15.4%+8.8%+17% / +46%
PRMPerimeter Solutions, Inc.4.6 bn—-30.9%-44.9%+16.4%+1% / +575%
NGVTIngevity Corporation2.5 bn50.164.4%4.7%−2.7%+41% / +90%
CCThe Chemours Company2.1 bn—-339.7%-5.2%+0.4%+8% / −50%
OLNOlin Corporation2.1 bn—-12.2%-3.3%+3.7%−14% / −62%
IOSPInnospec Inc.2.0 bn14.210.5%7.5%−3.7%+8% / −23%
HUNHuntsman Corporation1.7 bn—-11.8%-5.8%−5.8%−5% / −60%
ECVTEcovyst Inc.1.1 bn—-9.6%-7.1%+20.9%+8% / +5%
FMCFmc Corporation998.7 m—-226.7%-151.2%−18.3%−55% / −88%
ACNTAscent Industries Co.124.0 m—-1.1%-1.0%−7.2%−3% / +68%
CITRCitroTech Inc.54.8 m—-431.0%-1,788.4%+194.6%unavailable / unavailable
LOOPLoop Industries, Inc.13.0 m——-2,154.3%−95.3%−83% / −92%
GUREGulf Resources, Inc.5.6 m—-32.4%-134.4%+231.8%+3% / −80%
ADURAduro Clean Technologies Inc.——-133.8%-5,253.1%−31.5%−26% / unavailable

1- and 3-year price returns: for LOOP from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 15 Oct 2026; since then the company filed 10-Q (16 Oct 2026).

    In brief

    Loop Industries is a technology company developing a patented process to depolymerize waste PET and polyester fiber into virgin-quality monomers for food-grade packaging and textiles. The company is at a critical stage, as its India joint venture has been rescaled and financing remains an essential condition 13.

    SWOT

    Strengths

    • The patented technology can process contaminated and colored waste, and five years of operating the Terrebonne facility offer practical validation 1.
    • Active partnerships in India and Europe share capital risk and bring industrial experience 1.
    • The final product is described as virgin quality and recyclable without degradation, which makes it attractive for food packaging 1.

    Weaknesses

    • The company has recurring net losses and limited revenue, and its dependence on external financing is high 1.
    • Serious doubts about going concern exist, expressed by management in the annual report 1.
    • The technology has not yet been tested at commercial scale, and the current plant is small 1.

    Opportunities

    • If the India or European projects are completed, licenses and royalties could generate significant recurring revenue 1.
    • Demand from apparel and packaging brands for recycled content could grow if regulations tighten 1.
    • Rescaling the India project could reduce capital needs and speed construction, if financing is confirmed 3.

    Threats

    • A lack of financing could halt projects, and transactions depend on obtaining the necessary capital 13.
    • Partners may end collaborations, as happened with a project in South Korea, which could affect growth plans 1.
    • Competing recycling or virgin production technologies could become more competitive if costs shift 1.

    Risks

    • Going concernhigh

      Management concluded that current resources are not sufficient to cover operations and obligations for the next twelve months, which could affect the company's ability to continue as a going concern 1.

    • Financing of the India projecthigh

      The company's equity contribution to the joint venture is not yet secured, and delayed financing could postpone construction and startup 3.

    • Dependence on partnershigh

      Many commercial agreements depend on building the India facility, and problems with the project could lead to renegotiation or termination of them 1.

    • Technology scale-upmedium

      The technology has not been tested at the size and cost required for commercial production, which could cause cost overruns or quality problems 1.

    • Macroeconomic conditionsmedium

      Market volatility, interest rates and trade tensions could reduce the availability of capital and demand for products 1.

    Investment thesis

    What would need to be true (bull case)

    • If the India and European projects are completed, the company could turn its patented technology into a stream of royalties and revenue from owned facilities in a growing recycling market 13.
    • The technology has been validated over five years at Terrebonne, and the final product is described as recyclable indefinitely, which could attract industrial partners 1.
    • Rescaling the India project could significantly reduce the capital required and accelerate the construction timeline, if financing is achieved 3.

    What would break the thesis

    • The company has recurring losses, minimal revenue and a serious liquidity problem, which could force shareholder dilution or changes to plans 13.
    • Major projects are still in the financing and permitting stage, and a history of interrupted partnerships suggests execution risk 1.
    • The technology has not yet been proven at commercial scale, and competition from recycling and virgin production could limit adoption 1.

    What to watch

    • Outcome of the special committee's work on financing the India project equity contributionQ3 2027
    • Updated engineering cost estimate for the India facility2027
    • Liquidity level and any new sources of capitalnext 10-Q
    • Progress of the European license and milestone payments2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 15 Oct 2026; since then the company filed 10-Q (16 Oct 2026).

    The business

    Loop Industries aims to accelerate the shift from fossil-based PET and polyester fiber toward sustainable alternatives made from waste. Its technology depolymerizes bottles, packaging, carpets and textiles into the monomers DMT and MEG, which are purified and repolymerized into Loop™ PET resin of virgin quality, suitable for food-grade packaging 1. The company has operated its Terrebonne facility in Québec for five years, used mainly for research, development and customer demonstrations 1. Its commercialization model combines direct investments with partners, technology licensing and engineering services 1.

    Near-term revenue comes from engineering services to the India joint venture, while longer-term income is expected from royalties and profits from owned facilities. Total revenue in fiscal 2026 was 514 thousand USD, compared with 10,889 thousand USD the prior year, which included a payment for the European license 1. The company reports recurring net losses and acknowledges that existing resources will not cover operations for at least the next twelve months 1.

    For the quarter ended August 31, 2026, revenue was 117 thousand USD from engineering services and the net loss was 2,988 thousand USD 23. The board formed a special committee to find financing for the company's equity contribution to the India project 3.

    Segments

    Technology licensing

    The company sells licenses for facilities built by partners, generating upfront payments and royalties. The first license, sold to a Reed Societe Generale group entity for a facility in Europe, brought an initial payment of 10.4 million USD 1. The European facility is planned for Schwarzheide, Germany, with operations expected by 2030 1.

    Direct investment and the India joint venture

    The India project, with Ester Industries, was originally sized at 70,000 tons per year but in October 2026 was rescaled to 45 kilotonnes per year to reduce capital needs 13. Initial total funding was estimated at 165-170 million USD, to be financed through debt and equity 1.

    Engineering services

    Engineering services provided to the India joint venture generate current, though modest, revenue, and the company views this stream as increasingly important 12.

    Market context

    Most PET and polyester fiber used globally still comes from fossil feedstocks, while regulation and consumer pressure increase demand for recycled alternatives 1. Mechanical recycling has quality and feedstock limits, which leaves room for depolymerization technologies 1. The company argues its product could earn premium prices over fossil-based virgin resin, but this remains management's assumption 1.

    Target customers are apparel and consumer goods companies seeking recycled materials to meet sustainability goals 1. The European market is opening up as a result of European Commission initiatives to modernize plastics recycling, but projects remain in engineering and permitting 1.

    Competitive position

    Mechanical recycling is the main alternative, but it produces resin of variable quality and cannot efficiently process blended textile waste 1. Other depolymerization technologies exist but, according to the company, often require high temperatures and pressures, increasing energy consumption 1.

    The main competitors are producers of fossil-based virgin PET and operators of mechanical recycling, as well as other depolymerization developers, some of which may be more advanced at industrial scale 1. The company acknowledges that a more effective competing technology could affect adoption of its products 1.

    • Fossil-based virgin PET producers

      Traditional virgin PET resin suppliers are the main alternative on price and quality for customers 1.

    • Mechanical recycling operators

      Mechanical recyclers compete for the same PET waste streams, although their product has quality limitations 1.

    • Other depolymerization technology developers

      Other companies offering PET depolymerization may compete for licenses and industrial partners 1.

    • Potential partners and licensees

      Partners with which the company has signed or is negotiating agreements, such as Ester or the Reed group, could also choose other technologies 1.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    SEC filings

    Sources

    1. [1] Form 10-K, fiscal year ended 2026-02-28 · SEC / Loop Industries, Inc. · 27 May 2026
    2. [2] Form 10-Q, quarter ended 2026-08-31 · SEC / Loop Industries, Inc. · 15 Oct 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Loop Industries, Inc. · 15 Oct 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.