Toppoint Holdings Inc. Reports Third Quarter and First Nine-Month Results Reflecting Growth in Emerging Commodity Segments Despite Global Tariff Pressures
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) ha riportato ricavi nel terzo trimestre 2025 di $4.49M, in aumento del 20% su base annua, trainati dalla forza nei segmenti import e materie prime metallifere. Import services si sono elevate del 115% a $1.58M; le spedizioni di metallo hanno raggiunto $716k. I ricavi dei primi nove mesi sono stati $12.28M, praticamente invariati su base annua, mentre i ricavi combinati da import e metallo sono aumentati del 37% a $5.08M. L'azienda ha registrato una perdita netta nel Q3 di $4.15M, in gran parte attribuibile a $3.78M di compensi azionari basati su stock non monetari. Le attività totali sono aumentate a $10.7M e il patrimonio netto degli azionisti a $9.16M al 30 settembre 2025.
Toppoint Holdings (NYSE American: TOPP) informó ingresos del tercer trimestre de 2025 de $4.49M, un aumento del 20% interanual, impulsado por la fortaleza en los segmentos de importación y productos de metal. Import services subió un 115% a $1.58M; los envíos de metal alcanzaron $716k. Los ingresos de los primeros nueve meses fueron de $12.28M, prácticamente estables interanualmente, mientras que los ingresos combinados de importación y metal crecieron un 37% hasta $5.08M. La empresa reportó una pérdida neta de $4.15M en el trimestre, en gran parte atribuible a $3.78M de compensación en acciones no monetaria. Los activos totales aumentaron a $10.7M y el patrimonio de los accionistas a $9.16M a 30 de septiembre de 2025.
Toppoint Holdings (NYSE American: TOPP) 는 2025년 3분기 매출이 $4.49M 로 전년동기 대비 20% 증가했다고 보고했으며, 이는 수입 및 금속 원자재 부문의 강세에 의해 견인되었습니다. Import services 는 115% 증가하여 $1.58M에 도달했고; 금속 선적은 $716k에 이르렀습니다. 9개월 누적 매출은 $12.28M으로 거의 전년동기 대비 flat이며, 수입 및 금속 매출을 합친 것은 37% 증가하여 $5.08M에 달했습니다. 회사는 3분기 순손실을 $4.15M로 보고했으며, 이는 주로 $3.78M의 비현금 주식보상 때문입니다. 총자산은 $10.7M로 증가했고, 2025년 9월 30일 기준 주주자본은 $9.16M에 이르렀습니다.
Toppoint Holdings (NYSE American: TOPP) a enregistré un chiffre d'affaires au T3 2025 de $4.49M, en hausse de 20% sur un an, soutenu par la vigueur des segments import et matières premières métalliques. Import services a augmenté de 115% pour atteindre $1.58M ; les expéditions de métaux ont atteint $716k. Le chiffre d'affaires sur neuf mois s'élevait à $12.28M, pratiquement stable sur un an, tandis que les revenus combinés import et métal ont progressé de 37% pour atteindre $5.08M. L'entreprise a enregistré une perte nette au T3 de $4.15M, largement imputable à $3.78M de compensation en actions non monétaire. Les actifs totaux ont augmenté à $10.7M et les capitaux propres des actionnaires à $9.16M au 30 septembre 2025.
Toppoint Holdings (NYSE American: TOPP) meldete für das Q3 2025 einen Umsatz von $4.49M, ein Anstieg von 20% gegenüber dem Vorjahr, getrieben durch Stärke in den Segmenten Import und Metallrohstoffe. Import services stiegen um 115% auf $1.58M; Metallsendungen erreichten $716k. Der Umsatz der ersten neun Monate betrug $12.28M, nahezu unverändert gegenüber dem Vorjahr, während die kombinierten Import- und Metallumsätze um 37% auf $5.08M zunahmen. Das Unternehmen meldete einen Q3-Betriebsverlust von $4.15M, größtenteils aufgrund von $3.78M nicht zahlungswirksamer aktienbasierter Vergütungen. Die Gesamtvermögenswerte stiegen auf $10.7M und das Eigenkapital der Aktionäre auf $9.16M zum 30. September 2025.
Toppoint Holdings (NYSE American: TOPP) أبلغت عن إيرادات الربع الثالث 2025 قدرها $4.49M, بزيادة 20% على أساس سنوي، مدعومة بقوة في قطاعات الواردات ومكونات المعادن. Import services ارتفع بنسبة 115% ليصل إلى $1.58M; شحنات المعادن بلغت $716k. كانت إيرادات التسعة أشهر حتى الآن $12.28M، تقريبا مستوية على أساس سنوي، بينما نمت الإيرادات المجمّعة للواردات والمعادن 37% لتصل إلى $5.08M. أبلغت الشركة عن خسارة صافية في الربع الثالث قدرها $4.15M، ويرجع ذلك إلى حد كبير إلى $3.78M من تعويضات أسهم غير نقدية. ارتفعت الأصول الإجمالية إلى $10.7M وحقوق المساهمين إلى $9.16M كما في 30 سبتمبر 2025.
- Q3 revenue +20% to $4.49M
- Import services +115% to $1.58M
- Combined import and metal revenue +37% to $5.08M
- Total assets grew to $10.7M from $5.0M
- Q3 net loss of $4.15M
- Nine‑month net loss of $6.21M
- Q3 general and administrative expenses rose 527%
- Significant non‑cash stock‑based compensation of $3.78M
Insights
Toppoint shows revenue growth and balance‑sheet gains but large non‑cash charges drive significant net losses.
Toppoint Holdings grew third quarter revenue to
The headline net loss of
Key dependencies and risks include continued tariff impacts on trade routes and whether revenue gains in metals and imports sustain beyond
NORTH WALES, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (NYSE American: TOPP) (“Toppoint” or the “Company”), a truckload services and logistics provider specializing in the recycling export supply chain, today announced financial results for the third quarter and the nine months ended September 30, 2025. Despite the impact of U.S. tariffs on certain international trade routes, the Company continued to demonstrate resilience and growth across key emerging segments, particularly in metal and import commodities, reflecting the strength of its strategic equipment investments and operational execution.
Third Quarter 2025 Highlights
- Revenue:
$4.49 million , compared to$3.74 million in Q3 2024, a year-over-year increase of20% . - Strong performance in emerging commodities: Import-related services rose
115% to$1.58 million , and metal shipments increased to$716,000. - Operational investment: Continued fleet upgrades, equipment optimization, and software integration improved efficiency and reduced downtime.
- Net loss:
$(4.15) million , primarily due to non-cash stock-based compensation of$3.78 million .
Nine-Month 2025 Highlights
- Revenue:
$12.28 million , consistent with$12.17 million in the prior year period. - Import and Metal growth: Combined import and metal segment revenues increased
37% year-over-year to$5.08 million . - Technology investments: Continued investment in AI-driven logistics and proprietary software infrastructure.
- Balance Sheet Strength: Total assets grew to
$10.7 million as of September 30, 2025, from$5.0 million at December 31, 2024. - Shareholders’ Equity: Increased to
$9.16 million , up from$2.54 million at year-end 2024.
CEO Commentary
“Our growth this quarter demonstrates that having the right equipment and focus on strategic commodities positions us to thrive even amid complex trade environments,” said Hok C. Chan, Chief Executive Officer of Toppoint. “Despite tariff headwinds, our investment in advanced technology, specialized chassis, and cross-port efficiency continues to drive expansion in high-demand verticals such as metals and imports. We’re confident our performance trajectory reflects strength and adaptability in our core markets.”
Financial Results
Q3 2025 Results of Operations
| Three Months Ended September 30, | Increase (Decrease) | |||||||||||||||
| 2025 | 2024 | $ | % | |||||||||||||
| Revenue | $ | 4,494,932 | $ | 3,736,672 | $ | 758,260 | 20 | % | ||||||||
| Costs and expenses | ||||||||||||||||
| Costs of revenue | 3,124,049 | 3,279,109 | (155,060 | ) | (5 | )% | ||||||||||
| General and administrative | 5,600,635 | 892,709 | 4,707,926 | 527 | % | |||||||||||
| 8,724,684 | 4,171,818 | 4,552,866 | 109 | % | ||||||||||||
| Loss from operations | (4,229,752 | ) | (435,146 | ) | (3,794,606 | ) | (872 | )% | ||||||||
| Total other income, net | 83,095 | 407,762 | (324,666 | ) | (80 | )% | ||||||||||
| Net loss before income taxes | (4,146,657 | ) | (27,384 | ) | (4,119,272 | ) | (15,042 | )% | ||||||||
| Provision for (benefit from) income taxes | - | 138 | (138 | ) | (100 | )% | ||||||||||
| Net loss | $ | (4,146,657 | ) | $ | (27,522 | ) | $ | (4,119,134 | ) | (14,966 | )% | |||||
First Nine Months of 2025 Results of Operations
| Nine months Ended September 30, | Increase (Decrease) | |||||||||||||||
| 2025 | 2024 | $ | % | |||||||||||||
| Revenue | $ | 12,275,466 | $ | 12,167,956 | $ | 107,510 | 1 | % | ||||||||
| Costs and expenses | ||||||||||||||||
| Costs of revenue | 9,951,296 | 10,378,455 | (427,159 | ) | (4 | )% | ||||||||||
| General and administrative | 8,550,152 | 1,870,654 | 6,679,498 | 357 | % | |||||||||||
| 18,501,448 | 12,249,109 | 6,252,341 | 51 | % | ||||||||||||
| (Loss) income from operations | (6,225,982 | ) | (81,153 | ) | (6,144,829 | ) | (7,572 | )% | ||||||||
| Total other income, net | 4,170 | 405,021 | (400,851 | ) | (99 | )% | ||||||||||
| Net (loss) income before income taxes | (6,221,812 | ) | 323,868 | (6,545,680 | ) | (2,021 | )% | |||||||||
| Provision for (benefit from) income taxes | (15,159 | ) | 96,182 | (111,341 | ) | (116 | )% | |||||||||
| Net (loss) income | $ | (6,206,653 | ) | $ | 227,686 | $ | (6,434,339 | ) | (2,826 | )% | ||||||
Condensed Consolidated Balance Sheets
| September 30, 2025 (Unaudited) | December 31, 2024 | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash | $ | 463,352 | $ | 557,619 | ||||
| Accounts receivable, net | 1,512,449 | 1,203,001 | ||||||
| Contract assets | 159,038 | 88,153 | ||||||
| Deferred offering costs | - | 398,512 | ||||||
| Prepaid expenses and other current assets | 286,752 | - | ||||||
| Total Current Assets | 2,421,591 | 2,247,285 | ||||||
| Other Assets | ||||||||
| Property and equipment, net | 1,837,419 | 1,191,572 | ||||||
| Intangible asset, net | 537,742 | 739,396 | ||||||
| Note receivable | 5,250,000 | - | ||||||
| Right-of-use asset, net | 512,442 | 675,561 | ||||||
| Right-of-use asset, net– related party | 89,870 | 82,098 | ||||||
| Security deposit | 61,000 | 50,000 | ||||||
| Total Assets | $ | 10,710,064 | $ | 4,985,912 | ||||
| Liabilities and Shareholders’ Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued expenses | $ | 563,225 | $ | 402,552 | ||||
| Income taxes payable | - | 142,093 | ||||||
| Loans payable, current maturities | 59,336 | 3,147 | ||||||
| Related party loan | 84,487 | 1,100,000 | ||||||
| Lease liability, current maturities | 163,086 | 130,552 | ||||||
| Lease liability, current maturities – related party | 68,033 | - | ||||||
| Total Current Liabilities | 938,167 | 1,778,344 | ||||||
| Loans payable, net of current maturities | 400,073 | 146,753 | ||||||
| Lease liability, net of current maturities | 192,997 | 331,833 | ||||||
| Lease liability, net of current maturities – related party | 16,336 | - | ||||||
| Deferred tax liability | - | 187,108 | ||||||
| Total Liabilities | 1,547,573 | 2,444,038 | ||||||
| Shareholders’ Equity | ||||||||
| Preferred stock, | - | - | ||||||
| Common stock, | 1,940 | 1,500 | ||||||
| Additional paid-in capital | 12,966,580 | 139,750 | ||||||
| (Accumulated Deficit) Retained earnings | (3,806,029 | ) | 2,400,624 | |||||
| Total Shareholders’ Equity | 9,162,491 | 2,541,874 | ||||||
| Total Liabilities and Shareholders’ Equity | $ | 10,710,064 | $ | 4,985,912 | ||||
Positioned for Continued Growth
Toppoint remains focused on growth across high-margin export categories including metals, import containers, and recyclable commodities and continues to capture value in the expanding scrap and metals logistics markets. With strategic assets and a growing technology footprint, management anticipates continued progress into 2026.
About Toppoint Holdings Inc.
Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and logistics provider focused on the recycling export supply chain. The Company transports waste paper, scrap metal, logs, and other commodities from major waste companies and recycling centers to ports along the U.S. East Coast, including Newark, Philadelphia, and Baltimore. Toppoint’s integrated platform leverages AI-driven software to enhance efficiency and data visibility across its operations. For more information, please visit www.toppointtrucking.com.
Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the Securities and Exchange Commission available at www.sec.gov.
Investor Relations Contact:
Toppoint Holdings Inc.
1250 Kenas Road
North Wales, PA 19454
Phone: (551) 866-1320
Email: investors@toppointtrucking.com
FAQ
What were Toppoint (TOPP) results for Q3 2025?
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What is Toppoint's combined import and metal revenue for first nine months 2025?
Why did Toppoint report a net loss in Q3 2025?
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