{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-034202","form_type":"8-K","ticker":"TOPP","cik":"0001960847","company_name":"Toppoint Holdings Inc.","filed_at":"2026-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.885530+00:00","generated_at":"2026-05-15T09:05:24.835058+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Toppoint posts FY2025 net loss of $7.3M vs profit last year; revenue up 3.2%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-034202","json":"https://secwatch.observer/filing/0001213900-26-034202.json","markdown":"https://secwatch.observer/filing/0001213900-26-034202.md","text":"https://secwatch.observer/filing/0001213900-26-034202.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1960847/000121390026034202/0001213900-26-034202-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1960847/000121390026034202/ea0283283-8k_toppoint.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:05:24.835058+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}