Toppoint Holdings Inc. (TOPP) Form 10-Q — Aug 12, 2026
Toppoint Holdings (NYSE American: TOPP) reported Q2 2026 revenue of $4.64 million, up 17% year over year, and cut its net loss to $306,711 from $1.53 million, with gross profit swinging to $377,517 (8% margin) from a $27,931 gross loss. Import revenue grew 32.8% and metal revenue 29.7% in the quarter, partially offsetting an 8.1% first-half decline in waste paper revenue on lower export volumes. The company raised $4.13 million net in a June 2026 private placement of 5 million shares at $0.83 per share, lifting cash to $4.7 million and shares outstanding 25% to 24.7 million.
Key figures
- Eps
- -0.01 (Q2 2026); -0.05 (H1 2026)
- Revenue
- Q2 2026: $4,640,068; H1 2026: $8,747,011
- Net Income
- -$306,711 (Q2 2026); -$960,443 (H1 2026)
- Revenue Yoy
- Q2 +17% YoY; H1 +12% YoY
- Total Assets
- 13898430
- Cash Position
- 4698480
- Gross Proceeds
- 4150000
- Offering Price
- 0.83
- Shares Offered
- 5000000
- Shares Outstanding
- 24700000
- Loans Payable
- $817,877 plus $84,487 related-party loan (repaid August 7, 2026; accrued interest outstanding)
- Gross Profit H1
- $210,404 (2.4% margin) vs $82,202 (1.3%) in H1 2025
- Gross Profit Q2
- $377,517 (8% margin) vs $(27,931) in Q2 2025
- Working Capital
- 7380810
- Metal Revenue Growth H1
- +72.1% YoY
- Import Revenue Growth Q2
- +32.8% YoY
- Total Loads Completed H1
- 10,667 vs 10,836 prior year (-1.6%)
- Shares Outstanding Change
- 19,700,000 to 24,700,000 (+25%) via June 2026 private placement
- Waste Paper Revenue H1 Change
- -8.1% YoY
- Related Party Dispatch Fees H1
- 525000
- Loan Receivable Expected2026 Collection
- approximately $2 million
Price after filing
Close on the filing date to close N calendar days later (from $0.25). Historical, not a forecast.
AI analysis
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