Toppoint posts FY2025 net loss of $7.3M vs profit last year; revenue up 3.2%

Toppoint Holdings Inc.

Revenue $16.55M (+3.2% YoY); gross margin collapsed from 11.0% to 3.0%.
Net loss of $7.34M vs net income of $0.17M in 2024; SG&A surged 226% to $7.88M.
Import revenue +36% to $4.8M; scrap metal revenue +77.4% to $2.0M; waste paper down 14.5%.
Cash rose to $1.2M from $0.56M; total assets $11.0M, shareholders' equity $8.6M.
CEO cites diversification into import and metal; public-company costs drove loss.

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