# TOPPOINT HOLDINGS INC. (TOPP) · Edgar & Edgarette company card

> Toppoint Holdings (TOPP) grew revenue 3.2% in FY2025 to $17 million, operating margin -44.6% against a 2.6% median for trucking & courier services (no air), equity 78.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1960847 · fiscal year ended 2025-12-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/TOPP) · [JSON](https://www.pops4.com/boards/company/TOPP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $17M |
| Revenue growth, 1 year | 3.2% |
| Revenue growth per year | -4.2% |
| Operating margin | -44.6% (prior year -4.0%) |
| Net margin | -44.4% |
| Operating cash flow | −$2M |
| Capital spending | $355,370 |
| Free cash flow | −$2M |
| Cash | $1M |
| Long-term debt | $1M |
| Total assets | $11M |
| Total equity | $9M |
| Equity ÷ assets | 78.4% |
| Return on equity | -85.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -0.01 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Beneish M: -3.51 (below the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -44.6% in FY2025; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $16.5M (FY2025), total debt $1.0M. Experience: revenue up 3.2% on the year, down 4.2% a year over 2 years; operating margin -44.6%, down from -4.0%. Soundness: equity 78.4% of assets, return on equity -85.2%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $12.1M and $21.7M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, its industry group): operating margin -44.6% against a 2.6% median; growth 3.2% against -2.2%.

Range logged 2026-09-20, receipt f37e99dd11754e76, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 5, latest 2026-06-25 ([filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026072126/0001213900-26-072126-index.htm))

## Recent filings

- 8-K · filed 2026-10-07 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026107608/0001213900-26-107608-index.htm)
- 8-K · filed 2026-09-30 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026105221/0001213900-26-105221-index.htm)
- 8-K · filed 2026-09-14 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026099778/0001213900-26-099778-index.htm)
- 8-K · filed 2026-09-11 · 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026099323/0001213900-26-099323-index.htm)
- 8-K · filed 2026-08-21 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026092615/0001213900-26-092615-index.htm)
- 8-K · filed 2026-08-12 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1960847/000121390026088371/0001213900-26-088371-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001960847.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1960847

## Cite

POPS4, Edgar & Edgarette: TOPPOINT HOLDINGS INC. (TOPP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/TOPP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.