Filing Flows › Toppoint Holdings (TOPP) › Q3 2025
Toppoint Holdings (TOPP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Toppoint Holdings (TOPP) reported revenue of $4.5M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +13% from the quarter before. Operating margin was -94.1%, net loss $4.1M (92.3% of revenue).
Toppoint Holdings, Q3 2025: revenue $4.5M (+20% year over year), operating margin -94.1%, net loss $4.1M, operating cash flow −$445K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5M | +13% | +20% |
| Operating profit | −$4.2M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$445K | — | — |
What changed
Revenue was $4.5M in Q3 2025, up 20% year over year and up 13% from the previous quarter. Paper was the largest line at 46% of revenue. Import added $842K year over year (up 115%), 111% of the total change. Plastic declined 44%.
Operating costs exceeded revenue by $4.2M, an operating margin of -94.1%. Total costs grew 109% against revenue growth of 20%. The fastest-growing cost line was SG&A (+527%). The quarter ended with a net loss of $4.1M, wider than the previous quarter's $1.5M loss.
Operating cash flow was −$445K. Non-cash charges added back $136K of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $216K.
Questions
What was Toppoint Holdings' revenue in the third quarter 2025?
Toppoint Holdings (TOPP) reported revenue of $4.5M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +13% from the quarter before.
Was Toppoint Holdings profitable in the third quarter 2025?
Operating loss was $4.2M (-94.1% of revenue) and net loss $4.1M.
Source: Toppoint Holdings 10-Q on SEC EDGAR.