Loop Industries (LOOP) Financials

Loop Industries (NASDAQ: LOOP) is still a deeply unprofitable, cash-burning company, but the latest quarter shows a mixed picture: revenue remained very small, losses widened versus the prior quarter, and the balance sheet weakened again as cash declined.

For Q1 2027, Loop reported just $179,000 in revenue and a net loss of $3.4 million, or -$0.07 per share. That compares with $176,000 in revenue and a $2.7 million loss in Q4 2026. The company is still operating far below the revenue level it posted in late 2024, when quarterly revenue briefly surged above $10 million.

Operating performance remains the key issue. Loop had zero gross profit in Q1 2027 because cost of revenue matched sales, while operating expenses totaled $2.94 million. SG&A, R&D, and other operating costs continue to far outweigh sales, which means the business is still dependent on outside financing to fund operations.

Cash flow also remains negative. Operating activities used $1.23 million in Q1 2027, and total cash and equivalents fell to $1.06 million from $5.20 million in Q3 2026 and $7.31 million in Q2 2026. That decline matters because it leaves the company with much less flexibility if revenue does not ramp quickly.

The balance sheet shows $6.70 million in total assets versus $18.72 million in total liabilities, and shareholders’ equity was negative $12.02 million. That level of negative equity is a red flag for long-term financial health, even though Loop still has debt and deferred revenue on the books.

• Revenue was still positive in Q1 2027 at $179,000, showing the company continues to generate some commercial activity.
• Operating cash outflow improved versus several earlier quarters, with operating cash use of $1.23 million compared with much larger burn rates in prior periods.
• Non-cash adjustments and working capital provided some offset to losses, helping reduce the cash burn relative to the net loss.
• Interest income remains modest, but it does provide a small offset to borrowing costs.
• Debt levels are not exploding, but Loop still carries meaningful short- and long-term debt relative to its size.
• Revenue remains extremely small and does not cover operating costs.
• Net loss widened sequentially to $3.4 million from $2.7 million in the prior quarter.
• Cash declined sharply to $1.06 million, reducing financial runway.
• Negative shareholders’ equity of $12.0 million signals a stressed balance sheet.
• Heavy operating expenses continue to far exceed gross profit, making profitability unlikely without a major revenue ramp.

Bottom line: Loop Industries remains a high-risk story. The company is still early in its commercialization effort, but the latest figures show limited revenue, persistent losses, negative operating cash flow, and a strained balance sheet. Investors will likely need to see a sustained sales breakout and better cash preservation before the fundamentals improve meaningfully.