Loop Industries, Inc.
LOOP Basic Materials Specialty Chemicals
Loop Industries, Inc.’s revenue for fiscal 2026 (year ended February 2026) was $514,000.00, down 95.3% from fiscal 2025. In the quarter to May 2026, revenue fell 98.3%, EPS was flat, free cash flow grew 60.5% and total debt fell 5.70%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Loop Industries, Inc. (LOOP) Altman Z-score
Loop Industries, Inc.'s Altman Z-score for fiscal 2026 is −35.08, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | −35.08 | (22.91) |
| FY2025 | −12.18 | (10.93) |
| FY2024 | −1.25 | (2.18) |
| FY2023 | 0.93 | (2.40) |
| FY2023 | 3.33 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.10 | — | 0.12 | |
| Retained earnings / total assets | (23.87) | — | −33.42 | |
| EBIT / total assets | (1.18) | — | −3.90 | |
| Market value of equity / total liabilities | 3.44 | — | 2.06 | |
| Sales / total assets | 0.06 | — | 0.06 | |
| Altman Z-score | Distress zone | −35.08 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −85.68 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CRKN Crown Electrokinetics Corp. compare | 52.5× |
| BGLC BioNexus Gene Lab Corp. compare | 6.3× |
| CITR CitroTech Inc. compare | 6.3× |
| NTIC Northern Technologies International Corporation compare | 3.5× |
| BON Bon Natural Life Limited compare | 0.8× |
| TSEOQ Trinseo PLC compare | 0.2× |
| YMAT J-Star Holding Co., Ltd compare | −13.8× |
| SNES Senestech, Inc. compare | −14.9× |
| LOOP Loop Industries, Inc. | −35.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets