Toppoint Holdings Inc. Stock Price, News & Analysis

Toppoint Holdings (NYSE American: TOPP) reported Q3 2025 revenue of $4.49M, up 20% year‑over‑year, driven by strength in import and metal commodity segments. Import services rose 115% to $1.58M; metal shipments reached $716k. Nine‑month revenue was $12.28M, roughly flat year‑over‑year, while combined import and metal revenues grew 37% to $5.08M. The company reported a Q3 net loss of $4.15M, largely attributable to $3.78M of non‑cash stock‑based compensation. Total assets increased to $10.7M and shareholders’ equity to $9.16M as of September 30, 2025.

Toppoint Holdings (NYSE American: TOPP) has secured a major customer acquisition in the recycling sector through its subsidiary Toppoint Inc. The new client operates seven facilities across Massachusetts, New Jersey, and Connecticut, ranking among the Northeast's largest independent recyclers.

The partnership is expected to generate up to $800,000 in additional annual revenue for Toppoint, strengthening its position in the U.S. export market. The company will manage recyclable commodities including metals and waste paper for international markets, leveraging its integrated logistics model focusing on drayage, port services, and export container management.

Toppoint Holdings Inc. (NYSE American: TOPP) reported its Q2 2025 financial results, with revenue declining to $3.97 million compared to $4.70 million in Q2 2024. The company's waste paper segment remains dominant, contributing 52.5% of Q2 revenue and 63.8% of total loads.

Key segment performance includes: Paper revenue at $2.08M (-23.2% YoY), Import revenue at $1.23M (-16.2% YoY), and notably strong performance in Metal revenue at $467,353 (+38.0% YoY). The company established Topp Metals Inc. on June 4, 2025, to support growth in scrap metals logistics.

Year-to-date revenue reached $7.78 million, with total loads at 10,836 compared to 11,517 in the same period in 2024. The company continues to invest in fleet capacity and operational systems while maintaining cost discipline.

Toppoint Holdings (NYSE: TOPP) has signed a Memorandum of Understanding (MOU) with the Municipalidad Distrital de Chancay, Peru to develop a sustainable waste management system. The partnership aims to address the growing waste management challenges in Chancay, particularly due to the construction of the Chancay Mega Port. The agreement, signed by CEO Leo Chan and Mayor Juan Alberto Alvarez Andrade, includes evaluating the construction of a new sanitary landfill, waste transfer station, and implementing recycling programs. The initiative focuses on managing Construction and Demolition (C&D) Waste and Industrial Commercial Waste. The project is strategically important as Chancay is emerging as a major South American logistics hub, with its deep-water port development driving rapid urbanization and industrial growth.

Toppoint Holdings (NYSE American: TOPP) has signed a strategic Memorandum of Understanding (MOU) with Chinese air cargo leader Jinyangcheng to enhance global freight capabilities. The partnership will initially focus on operations at JFK Airport in New York, with planned expansion to Los Angeles (LAX), Houston (IAH), Miami (MIA), Chicago (ORD), and Paris Charles de Gaulle (CDG) airports.

The agreement establishes a framework for evaluating and exchanging logistics strategies and operational data to identify synergy opportunities in cross-border air freight services. Both companies will collaborate on analyzing freight flows, ground support operations, and value-added services to improve their global service offerings.

Toppoint Holdings (TOPP) reported Q1 2025 financial results, marking its first quarter as a public company following its January 2025 IPO. Revenue grew to $3.8 million from $3.7 million in Q1 2024, driven by a 37% surge in import volumes. The company completed over 5,480 loads but posted a net loss of $0.5 million compared to $0.1 million profit in Q1 2024, primarily due to increased administrative expenses. Post-IPO initiatives include modernizing chassis fleet, expanding import operations, and launching refrigerated logistics. Notable partnerships include a New Jersey-based logistics provider projected to contribute $1 million in revenue, and an expanded agreement with Waste Management worth up to $2 million in new revenue. The company also initiated cross-border operations in Ensenada, Mexico, targeting Asia-Pacific metal exports.

Toppoint Holdings (TOPP) reported its 2024 year-end business update, highlighting a successful $10 million IPO on NYSE American. The company's revenue declined to $16.0 million from $18.0 million in 2023, primarily due to reduced wastepaper export volumes. Net income decreased to $0.2 million from $0.5 million, while gross margin remained stable at 14.6%.

The company expanded into new markets including Tampa, Jacksonville, Miami, Baltimore, and Ensenada, Mexico. Notable developments include fleet modernization with new 20/40 adjustable chassis, entry into refrigerated logistics through strategic partnerships, and an expanded relationship with Waste Management expected to generate up to $2 million in incremental revenue from approximately 1,000 loads annually.

Toppoint Holdings (TOPP) has appointed Jimmy M. Wong to its Board of Directors effective March 25, 2025, replacing Dingding He who resigned on March 23, 2025. Wong will serve as Chair of the Audit Committee and join both the Compensation Committee and Nominating and Corporate Governance Committee.

Wong brings over 30 years of experience in finance, business, and IT leadership across North America and Asia Pacific. His notable achievements include founding Teksen, which merged with HiSoft China in 2005, and serving as CEO of HiSoft Enterprise Solutions Group. Previously, he held senior positions at Accenture as Head of Asia Oracle Practice and Director of Oracle Consulting Services.

Wong holds an MBA and engineering degrees from the University of Ottawa, with previous certifications as a Certified Management Accountant and Professional Engineer in Ontario.

Toppoint Holdings has announced a significant upgrade to its chassis fleet, replacing aging 40-foot models with new 20/40 adjustable chassis. The modernization initiative transforms the fleet from an average age of nine years to nearly brand-new equipment.

The new adjustable chassis enable the company to handle both 20-foot and 40-foot containers without chassis swaps, facilitating efficient double moves per container for simultaneous import and export handling. This enhancement streamlines logistics operations by:

• Reducing empty miles and operational costs
• Eliminating unnecessary chassis swaps
• Optimizing backhaul opportunities
• Improving port congestion and turnaround times

According to CEO Leo Chan, this strategic investment aims to strengthen the company's competitive position in high-volume markets while enhancing service reliability and reducing repair costs.