Toppoint Holdings (NYSE: TOPP) lifts Q2 2026 revenue 17% and cuts loss 80%

Q: How did Toppoint Holdings (TOPP) perform in Q2 2026?

Toppoint reported Q2 2026 revenue of $4.64 million , up 17% year-over-year, and a net loss of $306,711 , an 80% improvement from the prior-year loss of $1.53 million, reflecting better margins and lower operating expenses.

Q: What drove Toppoint Holdings (TOPP) revenue growth in Q2 2026?

Growth was led by import revenue up 32.8% to $1.64 million and metal revenue up 29.7% to $606,267 , plus modest gains in waste paper and logs, partially offset by a 41.6% decline in plastics, which remains a small, non-core segment.

Q: Is Toppoint Holdings (TOPP) closer to profitability after Q2 2026?

Toppoint returned to a positive 8% gross margin and cut its Q2 net loss to $306,711 . Six-month net loss narrowed 54% to $960,443, showing progress, although the company is still operating at an overall loss.

Q: What is Toppoint Holdings’ (TOPP) liquidity position as of June 30, 2026?

As of June 30, 2026, Toppoint held $4,698,480 in cash , up from $1,202,395 at year-end 2025, and $11,791,115 in shareholders’ equity , supported by a June private placement raising $4,150,000 in gross proceeds.

Q: How did Toppoint Holdings (TOPP) respond to unusual trading activity in its stock?

Toppoint stated it is not aware of any material, undisclosed corporate developments that would explain unusual trading on August 10, 2026, and said it will continue monitoring activity and comply with disclosure obligations.

Q: What are the key risks highlighted by Toppoint Holdings (TOPP)?

Risks include market and tariff changes, commodity price volatility, port congestion, fuel costs, competition, liquidity constraints , challenges collecting $5.0 million in loan receivables , and previously disclosed material weaknesses in internal control over financial reporting.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Toppoint Holdings Inc. reported strong operating improvement for the quarter ended June 30, 2026. Revenue grew 17% year-over-year to $4,640,068, led by import revenue up 32.8% and metal revenue up 29.7%, while waste paper returned to growth and logs rose modestly.

Cost discipline and mix shift drove a return to profitability at the gross level: cost of revenue rose only 7%, turning a prior gross loss into $377,517 of gross profit and restoring gross margin to 8%. General and administrative expenses fell 54%, aided by the absence of prior-year stock-based compensation, and loss from operations improved 79% to $340,626. Net loss narrowed to $306,711, or $(0.01) per share, from $1,531,523.

For the first half of 2026, revenue increased 12% to $8,747,011 and net loss narrowed 54% to $960,443. Cash rose to $4,698,480 and shareholders’ equity to $11,791,115, supported by a June private placement of 5,000,000 shares at $0.83 per share for $4,150,000 in gross proceeds. Toppoint also addressed unusual trading in its stock, stating it is not aware of any material undisclosed corporate developments.

Positive

Q2 2026 revenue grew 17% to $4.64 million, with import revenue up 32.8% and metal revenue up 29.7%, showing traction in higher-value segments.
Gross margin recovered to 8% from a negative margin a year earlier, turning a gross loss into $377,517 of gross profit on better pricing and mix.
Net loss improved 80% to $306,711, or $(0.01) per share, alongside a 79% improvement in loss from operations, indicating materially better operating leverage.
Liquidity strengthened with cash rising to $4.70 million and shareholders’ equity to $11.79 million, aided by a $4.15 million June equity private placement.
Revenue up 12% on 1.6% fewer loads for the first half highlights higher revenue per load and suggests improved asset utilization and pricing power.

Negative

The company remains unprofitable, posting a Q2 2026 net loss of $306,711 and a six-month net loss of $960,443 despite improved margins.
Core waste paper revenue fell 8.1% over the first six months of 2026, indicating pressure in a key vertical even as import and metal revenue grew.
A portion of import growth is non-recurring, as management notes some customers pulled forward shipments ahead of anticipated tariff changes.
Forward-looking risks include previously disclosed material weaknesses in internal control over financial reporting and potential challenges collecting $5.0 million of loan receivables.

Filing Explained

About $2.0 million is an expected 2026 operating cash source, not cash already collected.

The filing identifies a $5.0 million loan-receivable balance, with approximately $2.0 million expected to be collected in 2026 and applied to operations. That would provide a potential future operating cash source, but the filing describes the collection as expected rather than completed.

The company also attributes part of its second-quarter import-volume increase to customers advancing inbound shipments ahead of anticipated tariff changes and says it does not expect that activity to recur at the same level. The relevant follow-through is whether the stated 2026 collections occur and how import volume develops after that temporary factor.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Revenue: $4,640,068 Q2 2026 Net Loss: $306,711 Q2 2026 Gross Margin: 8% +5 more

8 metrics

Q2 2026 Revenue $4,640,068 Revenue for the three months ended June 30, 2026, up 17% year-over-year

Q2 2026 Net Loss $306,711 Net loss for the second quarter of 2026, versus $1,531,523 in Q2 2025

Q2 2026 Gross Margin 8% Gross margin for the second quarter of 2026, up from (0.7)%

Six-Month 2026 Revenue $8,747,011 Revenue for the six months ended June 30, 2026, up 12% year-over-year

Six-Month 2026 Net Loss $960,443 Net loss for the six months ended June 30, 2026, down 54% from $2,059,997

Cash Balance $4,698,480 Cash as of June 30, 2026, compared to $1,202,395 at December 31, 2025

Private Placement Proceeds $4,150,000 Gross proceeds from June 8, 2026 private placement of 5,000,000 shares at $0.83

Loan Receivables $5.0 million Loan receivables held, with approximately $2.0 million expected to be collected in 2026

Key Terms

gross margin, private placement, loan receivables, material weaknesses in internal control over financial reporting, +2 more

6 terms

gross margin financial

"gross profit improved to $377,517 ... and gross margin expanded to 8%"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

private placement financial

"closed a private placement of 5,000,000 shares of common stock at $0.83 per share"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

loan receivables financial

"The Company also holds $5.0 million in loan receivables, of which approximately $2.0 million"

Loan receivables are amounts a company is owed because it lent money or sold goods or services on credit—think of them as a stack of IOUs the business expects to be paid back. They matter to investors because they are assets that can generate future cash, but their value depends on how likely borrowers are to repay; a large pile of risky IOUs can signal potential losses, weaker cash flow and a need for reserves.

material weaknesses in internal control over financial reporting regulatory

"previously disclosed material weaknesses in internal control over financial reporting, and other risks"

A material weakness in internal control over financial reporting is a significant flaw in a company’s processes that increases the likelihood its financial statements could be wrong or misleading. Think of it as a broken checkpoint in an airport security line: if it fails, errors or fraud can pass through undetected. Investors care because these weaknesses raise the risk that reported earnings, assets, or liabilities are inaccurate, which can affect valuation, trust, and investment decisions.

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

unusual trading activity market

"in connection with its unusual trading activity in the Company’s common stock on August 10, 2026"

A sudden and noticeable surge or drop in a stock’s buying, selling, or price movement compared with its normal pattern, often outside the range investors usually see. It matters because, like a crowd gathering around an unexpected event, such behavior can signal new information, rumors, heavy insider activity, or manipulation — prompting investors to investigate further since it can quickly change risk, liquidity, and potential returns.

Earnings Snapshot

Q2 2026 Revenue: $4,640,068

quarter and six months ended June 30, 2026

Q2 2026 Revenue $4,640,068 up 17% year-over-year

Q2 2026 Net Loss $306,711 narrowed 80% from $1,531,523

Q2 2026 Gross Margin 8% improved from (0.7)%

Six-Month 2026 Revenue $8,747,011 up 12% from $7,780,534

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/12/2026 - 04:16 PM Accepted by SEC EDGAR 08/12/2026 - 04:15 PM

FAQ

How did Toppoint Holdings (TOPP) perform in Q2 2026?

Toppoint reported Q2 2026 revenue of $4.64 million, up 17% year-over-year, and a net loss of $306,711, an 80% improvement from the prior-year loss of $1.53 million, reflecting better margins and lower operating expenses.

What drove Toppoint Holdings (TOPP) revenue growth in Q2 2026?

Growth was led by import revenue up 32.8% to $1.64 million and metal revenue up 29.7% to $606,267, plus modest gains in waste paper and logs, partially offset by a 41.6% decline in plastics, which remains a small, non-core segment.

Is Toppoint Holdings (TOPP) closer to profitability after Q2 2026?

Toppoint returned to a positive 8% gross margin and cut its Q2 net loss to $306,711. Six-month net loss narrowed 54% to $960,443, showing progress, although the company is still operating at an overall loss.

What is Toppoint Holdings’ (TOPP) liquidity position as of June 30, 2026?

As of June 30, 2026, Toppoint held $4,698,480 in cash, up from $1,202,395 at year-end 2025, and $11,791,115 in shareholders’ equity, supported by a June private placement raising $4,150,000 in gross proceeds.

How did Toppoint Holdings (TOPP) respond to unusual trading activity in its stock?

Toppoint stated it is not aware of any material, undisclosed corporate developments that would explain unusual trading on August 10, 2026, and said it will continue monitoring activity and comply with disclosure obligations.

What are the key risks highlighted by Toppoint Holdings (TOPP)?

Risks include market and tariff changes, commodity price volatility, port congestion, fuel costs, competition, liquidity constraints, challenges collecting $5.0 million in loan receivables, and previously disclosed material weaknesses in internal control over financial reporting.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 12, 2026

Toppoint Holdings Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-42471		92-2375560
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1250 Kenas Road, North Wales, PA		19454
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 551-866-1320

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		TOPP		NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging Growth Company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On August 12, 2026, Toppoint Holdings Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial results for its second fiscal quarter ended June 30, 2026. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The Press Release contains certain business updates and forward-looking statements regarding the Company’s expectations, plans and prospects. The information in this Item 2.02 and Exhibit 99.1 hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events.

On August 12, 2026, the Company issued a press release in response to unusual trading activity in the Company’s common stock. The press release was issued at the request of the NYSE American and in accordance with Section 401(d) of the NYSE American Company Guide. A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release dated August 12, 2026
99.2		Press Release dated August 12, 2026
104		Cover Page Interactive Data File (embedded with the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 12, 2026	Toppoint Holdings Inc.

		/s/ Hok C Chan
	Name:	Hok C Chan
	Title:	Chief Executive Officer and President

Exhibit 99.1

FOR IMMEDIATE RELEASE

August 12, 2026

Toppoint Holdings Inc. Reports Second Quarter 2026 Financial Results

Revenue Up 17% Year-Over-Year to $4.6 Million; Net Loss Narrows 80%; Gross Margin Returns to 8% as Mix Shift Toward Import and Metal Takes Hold

NORTH WALES, PA, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (NYSE American: TOPP), a truckload services and solutions provider focused on the recycling export supply chain, today reported financial results for the second quarter and six months ended June 30, 2026.

Second Quarter 2026 Highlights

●

Revenue of $4.6 million, up 17% from $4.0 million in Q2 2025

●

Gross profit of $377,517 — an 8% gross margin, compared to a gross loss of $(27,931) in the prior-year quarter

●

Net loss narrowed 80% to $306,711, or $(0.01) per share, from $1,531,523, or $(0.09) per share, in Q2 2025

●

Loss from operations improved 79% to $340,626 from $1,589,113

●

General and administrative expenses down 54% year-over-year to $718,143

●

Import revenue up 32.8%; Metal revenue up 29.7%; Waste Paper returned to growth, up 6.9%

●

Completed a $4.15 million private placement in June 2026, ending the quarter with $4.7 million in cash

	“The second quarter validated the strategy we have been executing for the past several years. We grew revenue 17% while total costs actually declined, and we returned to positive gross margin — a direct result of shifting our mix toward higher-value import and metal loads and taking price where the market supported it. Just as importantly, we moved 17% more revenue on essentially flat load volume, which speaks to the operating discipline our team has built. With a strengthened balance sheet following our June private placement, we are positioned to invest in the equipment and market expansion that will carry this momentum into the back half of the year.”

	— Hok C. Chan, Chief Executive Officer, Toppoint Holdings Inc.

Second Quarter Revenue

Revenue for the three months ended June 30, 2026 was $4,640,068, an increase of $671,144, or 17%, from $3,968,924 in the prior-year quarter. Growth was driven by expansion into new markets, continued strength in the import vertical, and service price increases implemented in response to market conditions.

Import revenue rose 32.8% to $1,635,998 from $1,231,751, reflecting a shift toward higher-value loads and improved rates on import container movements, combined with increased volume enabled by new, versatile equipment capable of handling additional import containers.

Metal revenue increased 29.7% to $606,267 from $467,353. Growth reflects higher customer production volumes alongside strong global demand for recycled non-ferrous material, with elevated commodity prices and constrained domestic outlets continuing to support export flows.

Waste Paper revenue returned to year-over-year growth, rising 6.9% to $2,225,573 from $2,082,560, driven by improved load pricing per order on stronger export demand.

Log revenue was $139,125, up 6.5% from $130,605, with stable customer volumes and revenue per load supported by higher fuel surcharges. Plastic revenue was $33,105, down 41.6% from $56,655, reflecting continued contraction in export markets for recovered plastics. Plastics remain a non-core vertical representing an immaterial portion of total revenue.

Margin and Operating Expense Performance

Cost of revenue for the second quarter was $4,262,551, up 7% from $3,996,855 in the prior-year quarter — well below the 17% revenue growth rate. As a result, gross profit improved to $377,517 from a gross loss of $(27,931), and gross margin expanded to 8% from (0.7)%.

General and administrative expenses decreased 54%, or $843,039, to $718,143 from $1,561,182. The reduction primarily reflects lower professional fees and the absence of $985,550 in stock-based compensation recognized in the second quarter of 2025.

Total costs and expenses declined 10% year-over-year to $4,980,694 from $5,558,037, producing a loss from operations of $340,626 — a 79% improvement from $1,589,113 in the prior-year quarter.

Other income, net was $33,915 for the quarter, compared to a net expense of $(51,228) in Q2 2025, driven by $88,472 of interest income and a reduction in interest expense to $54,557 from $152,087.

Net loss for the second quarter of 2026 was $306,711, or $(0.01) per basic and diluted share, compared to a net loss of $1,531,523, or $(0.09) per share, in the second quarter of 2025.

Six-Month Results

For the six months ended June 30, 2026, revenue was $8,747,011, an increase of 12% from $7,780,534 in the prior-year period. Import revenue rose 44.8% to $3,045,081 and Metal revenue rose 72.1% to $1,171,914, more than offsetting an 8.1% decline in Waste Paper revenue to $4,290,590.

Gross profit for the six-month period was $210,404, up 156% from $82,202. Total costs and expenses were essentially flat at $9,801,706 versus $9,776,764, as a 39% reduction in general and administrative expenses offset higher cost of revenue. Net loss for the first half of 2026 narrowed 54% to $960,443, or $(0.05) per share, from $2,059,997, or $(0.12) per share.

Operational Metrics

Total loads completed (NLC) for the six months ended June 30, 2026 were 10,667, compared to 10,836 in the prior-year period — a decline of 1.6%. Notably, revenue grew 12% on this modestly lower load count, reflecting a deliberate shift in volume mix toward higher-revenue-per-load verticals:

●

Import loads increased 25.3% to 3,478, now representing 32.6% of total NLC (up from 25.6%)

●

Metal loads increased 58.0% to 1,278, now representing 12.0% of total NLC (up from 7.5%)

●

Waste Paper loads declined 17.6% to 5,695 as new domestic containerboard capacity absorbed a greater share of recovered fiber

The Company notes that a portion of the import volume increase reflects customers advancing inbound shipments ahead of anticipated tariff changes, and does not expect that activity to recur at the same level. Import customer acquisition remains a strategic priority.

Balance Sheet and Liquidity

As of June 30, 2026, Toppoint had cash of $4,698,480, compared to $1,202,395 at December 31, 2025. Total assets were $13,898,430 and total shareholders’ equity was $11,791,115, up from $10,995,741 and $8,621,558, respectively, at year-end 2025. Total liabilities decreased to $2,107,315 from $2,374,183.

On June 8, 2026, the Company closed a private placement of 5,000,000 shares of common stock at $0.83 per share, generating gross proceeds of $4,150,000 and net proceeds of $4,130,000. Proceeds are intended for general corporate and working capital purposes. Shares outstanding at June 30, 2026 were 24,700,000.

Net cash used in operating activities for the six-month period improved to $918,415 from $1,139,576 in the prior-year period. The Company also holds $5.0 million in loan receivables, of which approximately $2.0 million is expected to be collected in 2026 and applied to operations.

Business Outlook

Toppoint continues to pursue geographic and vertical expansion. Building on its entry into Houston, Texas in 2025, and prior expansion into Tampa, Jacksonville, and Miami, FL, Baltimore, MD, and Ensenada, Mexico, the Company intends to explore international opportunities in Latin America, including Chancay, Peru, in the near future.

Management expects continued benefit from its equipment strategy, which permits double usage of a single container across import and export movements — reducing idle time, improving asset utilization, and strengthening the Company’s competitive position in high-volume port operations. Toppoint’s proprietary AI-enabled logistics software continues to support dispatch efficiency and load tracking across the export drayage vertical.

About Toppoint Holdings Inc.

Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and solutions provider focused on the recycling export supply chain. The Company is a key player in the New Jersey and Pennsylvania regional trucking market for waste paper, and also transports scrap metal and wooden logs from large waste companies, recycling centers, and commodity traders to the ports of Newark, NJ and Philadelphia, PA. Toppoint additionally provides import transportation services at these ports and has expanded into markets including Tampa, Jacksonville, and Miami, FL; Baltimore, MD; Ensenada, Mexico; and Houston, TX. The Company is incorporated in Nevada and headquartered in North Wales, Pennsylvania.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the Company’s plans, expectations, expansion strategy, anticipated collections on loan receivables, and financial outlook. Actual results may differ materially from those anticipated due to factors including changes in market conditions, tariff and trade policy developments, commodity price volatility, port congestion, fuel costs, competitive dynamics, the Company’s ability to collect on outstanding loan receivables, liquidity constraints, previously disclosed material weaknesses in internal control over financial reporting, and other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed March 25, 2026 and its Quarterly Report on Form 10-Q for the period ended June 30, 2026. Toppoint undertakes no obligation to update or revise any forward-looking statements except as required by law.

Investor Relations Contact

Toppoint Holdings Inc.

1250 Kenas Road, North Wales, PA 19454

Phone: 551-866-1320

NYSE American: TOPP

# # #

Exhibit 99.2

Toppoint Holdings Inc. Comments on Unusual Trading Activity

NORTH WALES, PA, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (“Toppoint”) (NYSE American: TOPP), a truckload services and solutions provider focused on the recycling export supply chain, today issued the following statement pursuant to Section 401(d) of the NYSE American Company Guide and at the request of the NYSE American, in connection with its unusual trading activity in the Company’s common stock on August 10, 2026:

The Company has conducted internal review and inquiries and confirms that it is not aware of any material, undisclosed corporate developments that would account for the unusual trading activity observed fon August 10, 2026.

Toppoint will continue to monitor trading activity and will comply with its disclosure obligations under applicable law and NYSE American listing standards. Investors are encouraged to rely only on Toppoint’s official press releases and filings with the U.S. Securities and Exchange Commission for accurate and up-to-date information.