Filing Flows › Toppoint Holdings (TOPP) › Q2 2025
Toppoint Holdings (TOPP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Toppoint Holdings (TOPP) reported revenue of $4.0M for the second quarter 2025 (Q2 2025), -16% from a year earlier and +4% from the quarter before. Operating margin was -40.0%, net loss $1.5M (38.6% of revenue).
Toppoint Holdings, Q2 2025: revenue $4.0M (-16% year over year), operating margin -40.0%, net loss $1.5M, operating cash flow −$255K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | +4% | -16% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$255K | — | — |
What changed
Revenue was $4.0M in Q2 2025, down 16% year over year and up 4% from the previous quarter. Paper was the largest line at 52% of revenue. Paper lost $627K year over year (down 23%), 86% of the total change.
Operating costs exceeded revenue by $1.6M, an operating margin of -40.0%. Total costs grew 24% against a revenue fall of 16%. The fastest-growing cost line was SG&A (+216%). The quarter ended with a net loss of $1.5M, wider than the previous quarter's $528K loss.
Operating cash flow was −$255K. Non-cash charges added back $201K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $90K. Capital expenditures of $320K exceeded it, leaving free cash flow of −$576K.
Questions
What was Toppoint Holdings' revenue in the second quarter 2025?
Toppoint Holdings (TOPP) reported revenue of $4.0M for the second quarter 2025 (Q2 2025), -16% from a year earlier and +4% from the quarter before.
Was Toppoint Holdings profitable in the second quarter 2025?
Operating loss was $1.6M (-40.0% of revenue) and net loss $1.5M.
Source: Toppoint Holdings 10-Q on SEC EDGAR.