Toppoint Holdings Inc. (TOPP) Form 10-Q — May 14, 2026
Toppoint Holdings Inc. reported a net loss of $653,732 for the three months ended March 31, 2026, widening from a $528,475 loss in the same period last year, despite an 8% increase in revenue to $4.1 million. The company’s gross margin turned negative at -4%, driven by a 15.5% increase in costs of revenue that outpaced top-line growth, particularly in related-party expenses and insurance. Management disclosed material weaknesses in internal control over financial reporting, citing the absence of an internal audit function and a failure to assess and implement controls in accordance with the COSO 2013 framework.
Key figures
- Revenue
- 4106943
- Total Debt
- 971836
- Revenue Yoy
- 8%
- Cash Position
- 836167
- Loads Completed
- 5330
- Working Capital
- 3489813
- Loads Completed Yo Y
- -2.77%
- Gross Margin Percent
- -4
Price after filing
Close on the filing date to close N calendar days later (from $0.94). Historical, not a forecast.
AI analysis
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