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Loop Industries Inc

loopindustries.com

What Do They Do?

Provides engineering services for recycling-plant projects and licenses technology for turning waste PET and polyester textiles into recycled resin and fiber for consumer-goods and apparel companies.

How Do They Make Money?

Engineering services are Loop’s main current revenue source; Loop earns fees as it performs engineering work for facility projects. PET resin sales earn revenue when the resin is delivered, while technology licenses can bring upfront fees, milestone payments, and royalties.

FY2026 revenue by product or service revenue
SegmentShareRevenue
Engineering Services
Recurring

98%
Product
Sold outright
1.6%
Technology Licensing
Mix
0.0%

Who Are Their Customers?

Loop targets consumer-goods and apparel companies for recycled PET resin and polyester fiber. For India joint-venture products, Loop is the exclusive sales and marketing representative and holds the right to enter sales contracts.

Do Revenues Turn Into Profits?

No. It lost $12.3M in FY2026.

Operating income, FY2026
−1970% of revenue
▼ −29% (Loss) vs FY2025 (−$14.2M, −130%)
Net income, FY2026
−2393% of revenue
▼ −18% (Loss) vs FY2025 (−$15.1M, −138%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q2 FY2027, the three months to Aug 31, 2026
Revenue
vs $0 in Q2 FY2026
Net income
▼ −7% (Loss)
vs −$3.2M in Q2 FY2026
  • Sep 8, 2026 Loop appoints Jeffrey R. Geygan as board chair
  • Aug 19, 2026 Loop licenses technology for India plants and takes the sales role ELITe will pay royalties on product sales and fees for Loop’s exclusive sales and marketing work.
  • Jul 29, 2026 Nasdaq says Loop does not meet continued-listing requirements The notices give Loop time to regain compliance; trading continues in the meantime.

Project partnerships The older report centered planned Asian and European facilities on SK Geo Centric and Suez; the latest describes an India joint venture with Ester and a European license with Reed.

From planning to project services The older report described facilities as still in planning and financing discussions; the latest describes engineering work for the India facility already earning fees as the project advances.

Revenue over time
Engineering Services Product Technology Licensing
$20M$10M$0

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