Toppoint Holdings Inc.
Business
Toppoint Holdings Inc. is a truckload services and solutions provider specializing in the recycling export supply chain, serving waste paper, scrap metal, and wooden log shipments from recycling centers to ports in Newark, Philadelphia, and other U.S. locations. The company operates through a brokerage model leveraging approximately 100 independent contractor truck owner-operators and provides integrated transportation services including loading, transport, port drayage, and unloading across waste paper products, waste metal and forestry, import drayage, and specialty commodities.
Summary from 10-K filed 2026-03-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Total revenue | 17 | 16 | 18 | |
| Costs of revenue | 15 | 12 | — | |
| Costs of revenue related parties | 1 | 2 | — | |
| General and administrative expenses | 8 | 2 | 2 | |
| Total cost and expenses | 24 | 17 | 17 | |
| Loss from operations | −7 | −645,751 | 774,316 | |
| Interest expense | −363,499 | −139,657 | −10,261 | |
| Interest income | 381,292 | — | — | |
| Loss on disposal | — | −11,498 | — | |
| Other income | — | 862,357 | — | |
| Total other income, net | 17,793 | 711,202 | 145,966 | |
| (Loss) income before income taxes | −7 | 65,451 | 920,282 | |
| Current | 171,949 | 85,688 | 405,544 | |
| Deferred | −187,108 | −195,108 | −27,613 | |
| Income tax provision (benefit) | −15,159 | −109,420 | 377,931 | |
| Net (loss) income | −7 | 174,871 | 542,351 | |
| Basic net (loss) income per share attributed to common stockholders (in Dollars per share) | −0.41 | 0.01 | 0.04 | |
| Diluted net (loss) income per share attributed to common stockholders (in Dollars per share) | −0.41 | 0.01 | 0.04 | |
| Weighted Average Number of Shares Outstanding - Basic (in Shares) | 18 | 15 | 15 | |
| Weighted Average Number of Shares Outstanding - Diluted (in Shares) | 18 | 15 | 15 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash | 1 | 557,619 | 1 | — | |
| Accounts receivable, net | 1 | 1 | 940,622 | — | |
| Contract assets | 178,392 | 88,153 | 230,610 | — | |
| Deferred offering costs | — | 398,512 | 205,870 | — | |
| Prepaid expensesrelated party | 75,000 | — | 750 | — | |
| Loan receivable, current | 2 | — | — | — | |
| Interest receivable from loan receivable | 365,779 | — | — | — | |
| Total Current Assets | 5 | 2 | 3 | — | |
| Property and Equipment, net | 1 | 1 | 96,073 | — | |
| Deposit on property and equipment related party | 500,000 | — | — | — | |
| Intangible asset, net | 470,525 | 739,396 | 798,614 | — | |
| Loan receivable, non-current | 3 | — | — | — | |
| Right-of-use asset, net | 458,614 | 675,561 | 843,699 | — | |
| Right-of-use asset, net related parties | 74,559 | 82,098 | — | — | |
| Security deposit | 61,000 | 50,000 | — | — | |
| Total Assets | 11 | 5 | 5 | — | |
| Accounts payable and accrued expenses | 886,243 | 402,552 | 335,596 | — | |
| Deferred revenue | 23,091 | — | 862,841 | — | |
| Income taxes payable | — | 142,093 | 296,405 | — | |
| Loans payable, current maturities | 383,827 | 3,147 | 3,147 | — | |
| Lease liability, current maturities | 174,344 | 130,552 | 99,959 | — | |
| Lease liability, current maturities related parties | 63,586 | — | — | — | |
| Total Current Liabilities | 2 | 2 | 2 | — | |
| Loans payable, net of current maturities | 608,178 | 146,753 | 146,753 | — | |
| Lease liability, net of current maturities | 144,954 | 331,833 | 462,387 | — | |
| Lease liability, net of current maturities related parties | 5,473 | — | — | — | |
| Deferred tax liability | — | 187,108 | 382,216 | — | |
| Total Liabilities | 2 | 2 | 3 | — | |
| Commitment and contingencies | — | — | — | — | |
| Preferred stock, $0.0001 par value, 50,000,000 authorized, 0 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | — | — | — | |
| Common stock, $0.0001 par value, 300,000,000 shares authorized, 19,700,000 and 15,000,000 shares issued and outstanding at December 31, 2025 and 2024, respectively | 1,970 | 1,500 | 1,500 | — | |
| Additional paid-in capital | 14 | 139,750 | 139,750 | — | |
| (Accumulated Deficit) Retained earnings | −5 | 2 | 2 | — | |
| Total Shareholders Equity | 9 | 3 | 2 | 2 | |
| Total Liabilities and Shareholders Equity | 11 | 5 | 5 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Amortization of right-of-use assets | 349,203 | 263,118 | 452,669 | |
| Bad debt expense | — | 123,371 | — | |
| Deferred compensation | — | 207,016 | — | |
| Depreciation | 339,886 | 96,984 | 54,900 | |
| Amortization of intangible assets | 268,871 | 67,218 | — | |
| Amortization of debt issuing cost | 4,167 | — | — | |
| Stock-based compensation | 5 | — | — | |
| Accounts receivable | −199,420 | −385,750 | 559,746 | |
| Contract assets | −90,239 | 142,457 | 86,885 | |
| Prepaid expenses | — | 750 | — | |
| Prepaid expense-related party | −75,000 | — | — | |
| Interest receivable from loan receivable | −365,779 | — | — | |
| Security deposit | −11,000 | −50,000 | — | |
| Accounts payable and accrued expenses | 483,689 | 66,955 | 261,399 | |
| Income taxes payable | −142,093 | −154,312 | −85,426 | |
| Deferred revenue | 23,091 | −862,841 | — | |
| Lease liability | −143,087 | −99,961 | −270,266 | |
| Lease liability related party | −55,657 | — | — | |
| Net cash used for operating activities | −2 | −593,734 | 2 | |
| Payment of loan receivable | −6 | — | — | |
| Repayment from loan receivable | 1 | — | — | |
| Purchase of intangible assets | — | −8,000 | −798,614 | |
| Deposit on property and equipment related party | −500,000 | — | — | |
| Purchases of property and equipment | −355,370 | −1 | −85,596 | |
| Net cash used in investing activities | −6 | −1 | −1 | |
| Deferred offering costs | — | −192,642 | −205,870 | |
| Proceeds from loan payable | 996,464 | — | — | |
| Proceeds from loan payable-related party | — | 1 | — | |
| Repayments of loan payable | −108,526 | — | — | |
| Repayments of loan payable-related party | −1 | — | — | |
| Debt issuance costs paid | −50,000 | — | — | |
| Issuance of common stock, net of issuance cost | 8 | — | — | |
| Net cash provided by financing activities | 8 | 907,358 | −205,870 | |
| Net increase (decrease) in cash | 644,776 | −898,357 | — | |
| Interest | 39,230 | 5,848 | 20,406 | |
| Income taxes | 314,042 | 240,000 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Toppoint Holdings Inc.'s CIK number?
Toppoint Holdings Inc.'s SEC CIK number is 0001960847 (1960847). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Toppoint Holdings Inc.'s SEC filings?
All of Toppoint Holdings Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Toppoint Holdings Inc. last report earnings?
Toppoint Holdings Inc. (TOPP) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-056679). This is Toppoint Holdings Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Toppoint Holdings Inc.'s most recent earnings 8-K?
Toppoint Holdings Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001213900-26-056679. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Toppoint Holdings Inc.'s latest earnings 8-K →
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