Toppoint Holdings Inc. (TOPP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TOPP SEC filings page.
Toppoint Holdings Inc. (TOPP) reported $16.5M in revenue for fiscal year 2025, up 3.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Margin collapse and financing-led balance-sheet expansion dominated Toppoint's FY2025 profile, rather than operating cash generation.
Gross margin fell from11.0% to3.0% between FY2024 and FY2025 despite a modest revenue increase, showing that the deterioration came from sharply weaker per-dollar economics, not simply lower volume. Operating cash flow of-$1.8M was far less negative than net income of-$7.3M , pointing to non-cash charges and working-capital effects that make the accounting loss a poor stand-alone measure of cash consumption.
Total assets more than doubled from FY2024 to FY2025, reaching
FY2025 SG&A reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Toppoint Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Toppoint Holdings Inc. has an operating margin of -44.6%, meaning the company loses $45 on every $100 of revenue. This results in a profitability score of 15/100. This is down from -4.0% the prior year.
Toppoint Holdings Inc.'s revenue grew a modest 3.2% year-over-year to $16.5M. This slow but positive growth earns a score of 18/100.
Toppoint Holdings Inc. carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.23, Toppoint Holdings Inc. holds $3.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
Toppoint Holdings Inc.'s operations used $1.8M of cash, and capex of $355K added to the outflow, for a free cash flow shortfall of $2.1M. This results in a cash flow score of 13/100.
Toppoint Holdings Inc. posts a -85.2% return on equity (ROE), meaning it loses $85 for every $100 of shareholders' equity. This results in a returns score of 11/100. This is down from 6.9% the prior year.
Toppoint Holdings Inc. scores -0.09, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.4M) relative to total liabilities ($2.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Toppoint Holdings Inc. passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Toppoint Holdings Inc. reported a net loss of $7.3M while operations used $1.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Toppoint Holdings Inc. reported an operating loss of $7.4M against $363K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Toppoint Holdings Inc. generated $4.6M in revenue in Q2 2026. This represents an increase of 16.9% from the same quarter a year earlier. Against the prior quarter it is up 13.0%.
Toppoint Holdings Inc.'s EBITDA was -$178K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 87.2% from the same quarter a year earlier. Against the prior quarter it is up 71.9%.
Toppoint Holdings Inc. reported -$307K in net income in Q2 2026. This represents an increase of 80.0% from the same quarter a year earlier. Against the prior quarter it is up 53.1%.
Toppoint Holdings Inc. earned -$0.01 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 66.7%.
Cash & Balance Sheet
Toppoint Holdings Inc. held $4.7M in cash against $851K in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Toppoint Holdings Inc.'s gross margin was 8.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.2 percentage points.
Toppoint Holdings Inc.'s operating margin was -7.3% in Q2 2026, reflecting core business profitability. This is up 32.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.0 percentage points.
Toppoint Holdings Inc.'s net profit margin was -6.6% in Q2 2026, showing the share of revenue converted to profit. This is up 32.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.3 percentage points.
Toppoint Holdings Inc.'s ROE was -2.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 13.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.
Capital Allocation
None of these metrics is reported for Q2 2026.
TOPP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M+16.9% | $4.1M+7.7% | $4.3M+10.4% | $4.5M+20.3% | $4.0M-15.5% | $3.8M+2.1% | $3.9M | $3.7M |
| Cost of Revenue | $4.3M+6.6% | $4.3M+15.5% | $5.2M+34.3% | $3.1M-4.7% | $4.0M+4.0% | $3.7M+13.7% | $3.9M | $3.3M |
| Gross Profit | $378K+1451.6% | -$167K-251.7% | -$955K-4471.1% | $1.4M+199.6% | -$28K-103.3% | $110K-77.0% | -$21K | $458K |
| SG&A Expenses | $718K-64.9% | $547K+5.7% | -$287K-167.1% | $5.6M+527.4% | $2.0M+216.0% | $517K+56.2% | $428K | $893K |
| Operating Income | -$341K+78.6% | -$714K-75.4% | -$1.2M-104.0% | -$4.2M-872.0% | -$1.6M-871.0% | -$407K-375.3% | -$565K | -$435K |
| EBITDA | -$178K+87.2% | -$634K-104.6% | -$1.2M-142.2% | -$4.1M-878.8% | -$1.4M-724.5% | -$310K-291.9% | -$514K | -$418K |
| Interest Expense | $55K-64.1% | $27K-72.8% | $80K-0.8% | $32K-43.9% | $152K+11001.2% | $100K+7206.9% | $80K | $57K |
| Income Tax | N/A | N/A | N/A | N/A | -$109K-279.5% | $94K+164.3% | -$206K | $138 |
| Net Income | -$307K+80.0% | -$654K-23.7% | -$1.1M-2054.5% | -$4.1M-14966.7% | -$1.5M-1162.7% | -$528K-575.7% | -$53K | -$28K |
| EPS (Basic) | -$0.01+88.9% | -$0.030.0% | -$0.05-400.0% | -$0.23 | -$0.09-1000.0% | -$0.03-400.0% | -$0.01 | $0.00 |
| EPS (Diluted) | -$0.01 | -$0.030.0% | -$0.05 | -$0.23 | -$0.09-1000.0% | -$0.03 | -$0.01 | $0.00 |
| Diluted Shares (Avg) | 21M | 20M+16.5% | N/A | 18M+18.8% | 18M+16.7% | 17M | N/A | 15M |
Not reported in any period shown, so not listed: R&D Expenses.
TOPP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.9M+13.4% | $10.3M-17.7% | $11.0M+120.5% | $10.7M | $12.3M | $12.5M | $5.0M+0.6% | N/A |
| Current Assets | $9.0M+180.0% | $5.1M+48.0% | $5.2M+132.5% | $2.4M | $3.2M | $3.4M | $2.2M-20.7% | N/A |
| Cash & Equivalents | $4.7M+215.9% | $836K-51.9% | $1.2M+115.6% | $463K-62.2% | $1.5M+45.4% | $1.7M+40.6% | $558K-61.7% | $1.2M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $1.5M+43.9% | $1.6M+35.3% | $1.4M+16.6% | $1.5M | $1.0M | $1.2M | $1.2M+27.9% | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.1M-22.9% | $2.3M-4.3% | $2.4M-2.9% | $1.5M | $2.7M | $2.4M | $2.4M-5.6% | N/A |
| Current Liabilities | $1.6M-20.6% | $1.6M-10.6% | $1.6M-9.2% | $938K | $2.0M | $1.8M | $1.8M+11.3% | N/A |
| Non-Current Liabilities | $520K-29.2% | $689K+14.4% | $759K+14.0% | $609K | $734K | $602K | $666K-32.9% | N/A |
| Long-Term Debt | $851K+80.0% | $972K+548.3% | $1.0M+592.4% | $459K | $473K | $150K | $150K | N/A |
| Total Equity | $11.8M+23.8% | $8.0M-20.9% | $8.6M+239.2% | $9.2M+253.1% | $9.5M+263.4% | $10.1M+306.5% | $2.5M+7.4% | $2.6M |
| Retained Earnings | -$5.9M-1833.4% | -$5.6M-399.0% | -$4.9M-305.9% | -$3.8M | $341K | $1.9M | $2.4M+7.9% | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
TOPP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$128K+50.0% | -$791K+10.6% | -$197K-189.9% | -$445K+30.0% | -$255K-32.5% | -$884K-5737.3% | $219K | -$636K |
| Depreciation & Amortization | $163K-19.1% | $80K-17.8% | -$27K-154.3% | $136K+704.5% | $201K+1141.4% | $97K+607.0% | $50K | $17K |
| Stock-Based Compensation | N/A | N/A | N/A | $3.8M | $986K | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | -$658K-43.5% | $0-100.0% | $320K | $693K | $1.2M | $6K |
| Free Cash Flow | N/A | N/A | -$855K+9.6% | -$445K+30.7% | -$576K | -$1.6M | -$946K | -$642K |
| Investing Cash Flow | $0+100.0% | $500K+107.8% | $408K+129.6% | $450K+58.8% | -$320K-234.2% | -$6.4M-27793.2% | -$1.4M | $283K |
| Financing Cash Flow | $4.0M+1135.2% | -$75K-100.9% | $528K+8.0% | -$1.0M-285.4% | $323K+336.2% | $8.5M+4103.9% | $489K | $555K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TOPP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.1%+8.8pp | -4.1%-7.0pp | -22.4%-21.8pp | 30.5%+18.3pp | -0.7%-18.9pp | 2.9%-9.9pp | -0.5% | 12.3% |
| Operating Margin | -7.3%+32.7pp | -17.4%-6.7pp | -27.0%-12.4pp | -94.1%-82.4pp | -40.0%-44.4pp | -10.7%-14.6pp | -14.6% | -11.7% |
| Net Margin | -6.6%+32.0pp | -15.9%-2.1pp | -26.6%-25.3pp | -92.3%-91.5pp | -38.6%-41.7pp | -13.9%-16.8pp | -1.4% | -0.7% |
| Return on Equity | -2.6%+13.5pp | -8.2%-3.0pp | -13.2%-11.1pp | -45.3%-44.2pp | -16.1%-21.6pp | -5.3%-9.7pp | -2.1% | -1.1% |
| Return on Assets | -2.2%+10.3pp | -6.4%-2.1pp | -10.3%-9.3pp | -38.7% | -12.5% | -4.2% | -1.1% | N/A |
| Current Ratio | 5.65+4.0x | 3.19+1.3x | 3.23+2.0x | 2.58 | 1.60 | 1.92 | 1.26-0.5x | N/A |
| Debt-to-Equity | 0.070.0x | 0.12+0.1x | 0.12+0.1x | 0.05 | 0.05 | 0.01 | 0.06-1.0x | N/A |
| Asset Turnover | 0.330.0x | 0.40+0.1x | 0.39-0.4x | 0.42 | 0.32 | 0.31 | 0.78 | N/A |
| FCF Margin | N/A | N/A | -20.0%+4.4pp | -9.9%+7.3pp | -14.5% | -41.4% | -24.4% | -17.2% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Toppoint Holdings Inc. TOPP | FY2025 | $16.5M | -$7.3M | -44.4% | $3.4M | 36/100 |
| Mingzhu Logistics Hldgs Ltd YGMZ | FY2024 | $40.4M | -$6.2M | -15.3% | $104K | 28/100 |
| PAMT CORP PAMT | FY2025 | $598.1M | -$52.6M | -8.8% | $264.3M | 16/100 |
| Heartland Expr HTLD | FY2025 | $805.7M | -$52.5M | -6.5% | $935.7M | 22/100 |
| Universal Logistics Hldgs Inc ULH | FY2025 | $1.6B | -$99.9M | -6.4% | $478.0M | 27/100 |
Where Toppoint Holdings Inc. Ranks
Frequently Asked Questions
What is Toppoint Holdings Inc.'s annual revenue?
Toppoint Holdings Inc. (TOPP) reported $16.5M in total revenue for fiscal year 2025. This represents a 3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Toppoint Holdings Inc.'s revenue growing?
Toppoint Holdings Inc. (TOPP) revenue grew by 3.2% year-over-year, from $16.0M to $16.5M in fiscal year 2025.
Is Toppoint Holdings Inc. profitable?
No, Toppoint Holdings Inc. (TOPP) reported a net income of -$7.3M in fiscal year 2025, with a net profit margin of -44.4%.
What is Toppoint Holdings Inc.'s EBITDA?
Toppoint Holdings Inc. (TOPP) had EBITDA of -$7.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Toppoint Holdings Inc. have?
As of fiscal year 2025, Toppoint Holdings Inc. (TOPP) had $1.2M in cash and equivalents against $1.0M in long-term debt.
What is Toppoint Holdings Inc.'s gross margin?
Toppoint Holdings Inc. (TOPP) had a gross margin of 3.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Toppoint Holdings Inc.'s operating margin?
Toppoint Holdings Inc. (TOPP) had an operating margin of -44.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Toppoint Holdings Inc.'s net profit margin?
Toppoint Holdings Inc. (TOPP) had a net profit margin of -44.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Toppoint Holdings Inc.'s return on equity (ROE)?
Toppoint Holdings Inc. (TOPP) has a return on equity of -85.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Toppoint Holdings Inc.'s free cash flow?
Toppoint Holdings Inc. (TOPP) recorded an outflow of $2.1M in free cash flow during fiscal year 2025. This represents a -18.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Toppoint Holdings Inc.'s operating cash flow?
Toppoint Holdings Inc. (TOPP) recorded an outflow of $1.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Toppoint Holdings Inc.'s total assets?
Toppoint Holdings Inc. (TOPP) had $11.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Toppoint Holdings Inc.'s capital expenditures?
Toppoint Holdings Inc. (TOPP) invested $355K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Toppoint Holdings Inc.'s current ratio?
Toppoint Holdings Inc. (TOPP) had a current ratio of 3.23 as of fiscal year 2025, which is generally considered healthy.
What is Toppoint Holdings Inc.'s debt-to-equity ratio?
Toppoint Holdings Inc. (TOPP) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Toppoint Holdings Inc.'s return on assets (ROA)?
Toppoint Holdings Inc. (TOPP) had a return on assets of -66.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Toppoint Holdings Inc.'s P/E ratio?
Toppoint Holdings Inc. (TOPP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $3.4M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Toppoint Holdings Inc.'s price-to-sales ratio?
Toppoint Holdings Inc. (TOPP) trades at 0.2x sales, its market capitalization divided by revenue of $17.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.4M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Toppoint Holdings Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Toppoint Holdings Inc. (TOPP) held $1.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.8M over that year. Dividing the one by the other, the reported balance equals about 8 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Toppoint Holdings Inc.'s Altman Z-Score?
Toppoint Holdings Inc. (TOPP) has an Altman Z-Score of -0.09, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Toppoint Holdings Inc.'s Piotroski F-Score?
Toppoint Holdings Inc. (TOPP) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Toppoint Holdings Inc.'s earnings high quality?
Toppoint Holdings Inc. (TOPP) reported a net loss of $7.3M while operations used $1.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Toppoint Holdings Inc. cover its interest payments?
Toppoint Holdings Inc. (TOPP) reported an operating loss of $7.4M against $363K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Toppoint Holdings Inc.?
Toppoint Holdings Inc. (TOPP) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.