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Toppoint Holdings Inc.

Toppoint Holdings Inc. is an American trucking and courier services company, incorporated in Nevada.1 It is headquartered in Audubon, Pennsylvania.1

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Last updated Oct 21, 2026.

Overview

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  • TickerTOPP on NYSE1
  • IndustryTrucking & Courier Services (No Air)1
  • HeadquartersAudubon, Pennsylvania1
  • Incorporated inNV2
  • Business address1907 Black Hawk Cir, Audubon, Pa 194032
  • Filer category, Emerging growth company2

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Newark and Philadelphia, under which we transport cargo-filled containers from the ports to our customers’ designated delivery locations.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-44.6%Operating margin5
-44.4%Net margin5
3.2%Revenue growth, 20255
-85.2%Return on equity5
0.12×Debt to equity5
-$2.1MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$16.1M
  • Selling, general and admin33¢$7.9M
  • Income tax0¢$15.2K

Out of $16.5M in revenue.5 The company lost money this year.

Financial statements

Revenue65$16.5M in 2025−8% since 2023
0$5.0M$10.0M$15.0M$20.0M2023: $18.0M$18.0M20232024: $16.0M$16.0M2024−11%2025: $16.5M$16.5M2025+3%
Operating income65-$7.4M in 2025
-$7.5M-$5.0M-$2.5M0$2.5M2023: $774.3K$774.3K20232024: -$645.8K-$645.8K20242025: -$7.4M-$7.4M2025+1042%
Net income65-$7.3M in 2025
-$8.0M-$6.0M-$4.0M-$2.0M0$2.0M2023: $542.4K$542.4K20232024: $174.9K$174.9K2024−68%2025: -$7.3M-$7.3M2025
Fiscal year2022202320242025
Revenue$18.0M6$16.0M5$16.5M5
Cost of revenue$15.4M6$13.7M6$16.1M5
Selling, general and admin$2.3M5$7.9M5
Operating expenses$17.3M6$16.7M5$23.9M5
Operating income$774.3K6-$645.8K5-$7.4M5
Income before tax$920.3K6$65.5K5-$7.4M5
Income tax$377.9K6-$109.4K5-$15.2K5
Net income$542.4K6$174.9K5-$7.3M5
Earnings per share$0.046$0.015-$0.415
Earnings per share (diluted)$0.046$0.015-$0.415
Shares (weighted, basic)15.0M shares615.0M shares517.9M shares5
Shares (weighted, diluted)15.0M shares615.0M shares517.9M shares5

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Corporate structure

Toppoint Holdings Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Toppoint Holdings Inc.

  • John Feliciano Iii. Filed SCHEDULE 13D/A on Toppoint Holdings Inc., latest Sep 29, 2025 (2 filings since May 22, 2025)
  • Hok C. Chan Filed SCHEDULE 13G on Toppoint Holdings Inc., latest May 14, 2025
  • Toppoint Holdings Inc. Audubon, Pennsylvania
    • Topp Metals Inc. Subsidiary · Pennsylvania, United States
    • Toppoint Inc Subsidiary · Pennsylvania, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Toppoint Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements$151.0K5 Dec 31, 2025$151.0K5 Dec 31, 20240%
Accumulated depreciation$490.8K5 Dec 31, 2025$150.9K5 Dec 31, 2024+225.2%
Property and equipment, net$1.2M5 Dec 31, 2025$1.2M5 Dec 31, 2024+1.3%
Operating-lease assets (leased space)$458.6K5 Dec 31, 2025$675.6K5 Dec 31, 2024−32.1%

Real estate and locations

ItemLatestA year beforeChange
Area of land1,378 sq ft5 Dec 31, 2025

Investments

ItemLatestA year beforeChange
Marketable securities, current$6.0M5 Jan 27, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$470.5K5 Dec 31, 2025$739.4K5 Dec 31, 2024−36.4%
Accumulated amortization$336.1K5 Dec 31, 2025$67.2K5 Dec 31, 2024+400.0%
Finite-lived intangibles, net$470.5K5 Dec 31, 2025

Properties, in its own words

Our principal executive office is located at 1250 Kenas Road, North Wales, PA 19454, United States. We rent this facility from Hok C Chan, our Chief Executive Officer and Chairman, for a monthly rent of $5,500, with a term commencing on March 1, 2025 and ending on March 1, 2027. The lease agreement for this lease is filed as an exhibit to this report.

Additionally, we are renting premises of approximately 2 acres at 697 Doremus Avenue, Newark, NJ 07105, for a term from June 1, 2024, to March 31, 2025, for a monthly rent of $54,000. Effective January 1, 2026, we relocated to premises of approximately 2 acres located at 46–58 Albert Avenue, Newark, New Jersey 07105, for a term ending on February 28, 2027, at a monthly rent of $50,000. We are also renting ten additional spaces at 398 Smith Street, Keasbey, NJ 08832 from the same landlord on a month-to-month basis for aggregate monthly rental costs of $7,500. This lease may be terminated on 90 days’ advance written notice. We also use such rented premises to provide discounted parking space for our owner-operators.

The rest of Item 2

As we expanded into Florida, we have rented Unit No. 2301 in the building located at 1900 N. Bayshore Drive, Miami Beach, FL, 33141, with an area of 1,378 square feet, for use as office space. The lease term is from October 2022 to October 2025. Pursuant to the lease agreement, we have paid an advance rent of $300,000, covering the entire three-year lease term during the year ended December 31, 2022. In the event of early termination, we agreed to pay $16,000 as liquidated damages or an early termination fee if we elect to terminate the rental agreement and the landlord waives the right to seek additional rent beyond the month in which the landlord retakes possession. This lease was not renewed upon expiration.

We believe that our current facilities are adequate and suitable for our current needs and that, should the need arise, suitable additional or alternative space will be available to accommodate any such expansion of our operations.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led Toppoint Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hok C. Chan2025–now

President

  1. Hok C. Chan2025–now

Chief financial officer

  1. John Feliciano Iii.2025–now
Board members and other officers (7)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Topp Metals Inc. Pennsylvania, USA3
  • Toppoint Inc Pennsylvania, USA3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 7, 20268-K Other events16
  2. Sep 30, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed17
  3. Sep 14, 20268-K Regulation FD disclosure18
  4. Sep 11, 20268-K Shareholder vote; Other events19
  5. Aug 21, 20268-K Other events20
  6. Aug 12, 20268-K Results of operations; Other events21
  7. Jun 25, 20268-K Executive or director change22
  8. Jun 2, 20268-K Other events23
  9. May 26, 20268-K Entered a material agreement; Unregistered sale of shares24
  10. May 14, 20268-K Results of operations25
  11. Apr 16, 20268-K Executive or director change26
  12. Mar 25, 20268-K Results of operations27
  13. Jan 23, 2025New chief executive Hok C. Chan becomes CEO9

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202628

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results21
  2. May 14, 2026Reported quarterly or annual results25
  3. Mar 25, 2026Reported quarterly or annual results27
  4. Nov 14, 2025Reported quarterly or annual results29
  5. Aug 14, 2025Reported quarterly or annual results30
  6. May 15, 2025Reported quarterly or annual results31

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

87 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 21 major events, 8 insider forms, 3 large holders, 48 other. The latest 20:

  1. Oct 7, 20268-K CURRENT REPORT EDGAR
  2. Sep 30, 20268-K CURRENT REPORT EDGAR
  3. Sep 14, 20268-K CURRENT REPORT EDGAR
  4. Sep 11, 20268-K CURRENT REPORT EDGAR
  5. Aug 24, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  6. Aug 21, 2026144/A EDGAR
  7. Aug 21, 20268-K CURRENT REPORT EDGAR
  8. Aug 12, 20268-K CURRENT REPORT EDGAR
  9. Aug 12, 202610-Q QUARTERLY REPORT EDGAR
  10. Aug 10, 2026DEF 14A PROXY STATEMENT EDGAR
  11. Jul 30, 2026PRE 14A PROXY STATEMENT EDGAR
  12. Jul 21, 2026144/A EDGAR
  13. Jul 17, 2026144 EDGAR
  14. Jul 14, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  15. Jul 13, 2026EFFECT EDGAR
  16. Jun 25, 20268-K CURRENT REPORT EDGAR
  17. Jun 25, 2026S-3 REGISTRATION STATEMENT EDGAR
  18. Jun 2, 20268-K CURRENT REPORT EDGAR
  19. May 27, 20263 EDGAR
  20. May 27, 20263 EDGAR

The 87 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Hok C Chan,41$350.0K$384.0K34
2025John Feliciano III,$75.0K34
2025Kah Loong Randy Yeo,$5.0K34
2024Chief Executive OfficerChairman and President$309.6K34
2024Former Chief Financial OfficerFormer Director and Secretary$147.7K34

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Citadel Advisors LLC58,885$62.4K0.0%+32,517
Jane Street Group, LLC36,940$39.2K0.0%New
Vanguard Fiduciary Trust Co33,920$36.0K0.0%New
Geode Capital Management, LLC33,548$35.6K0.0%−5,169
Vanguard Capital Management LLC14,109$15.0K0.0%+10,696
Tower Research Capital LLC (TRC)1,664$1.8K0.0%−1,300
UBS Group AG666$7060.0%−977

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Toppoint Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARToppoint Holdings Inc.1
  • CIK0001960847
  • Employer ID (EIN)92-23755604
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4210 Trucking & Courier Services (No Air)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1907 Black Hawk Cir, Audubon, PA 194031
  • Phone202-869-08881
  • Shares outstanding24,700,000 as of Aug 11, 20268
  • Public float$6.9M as of Jun 30, 20254
  • AuditorGolden Eagle CPAs LLC, Bedminster, New Jersey PCAOB ID 7154; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 5, 20241
  • Filings87 in all: 8-K (21), CORRESP (12), UPLOAD (8), 3 (7), S-1/A (6), 10-Q (5), 10-K (2), 144/A (2)1
    All 29 form types

    DRS/A (2), DRSLTR (2), EFFECT (2), 144 (1), 4 (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DEF 14A (1), DEFA14A (1), DRS (1), FWP (1), NT 10-K (1), PRE 14A (1), S-1 (1), S-3 (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Aug 10, 2026
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareTOPPNYSE American LLC

From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Toppoint Holdings Inc. names in Item 1A of its 10-K filed Mar 25, 2026: 48 risks under these headings, as written.4

  • Director designation rights may allow certain stockholders to influence our board and corporate actions, and their interests may differ from those of other stockholders.
  • Our obligations to offer participation rights in future issuances could limit our financing flexibility and adversely affect our ability to raise capital.
  • A substantial portion of our capital was loaned to a third-party borrower, and if that borrower delays repayment or defaults, our liquidity, financial condition and results of operations could be materially adversely affected.
  • Changes in trade policies, tariffs, global sourcing patterns and commodity flows, caused by the changing U.S. and geopolitical environments or otherwise, may materially adversely affect customer demand for our services, shipment volumes and operating results.
  • We operate in the highly competitive and fragmented truckload and transportation industry, and our failure to stay competitive could impair our ability to improve our profitability and materially adversely affect our results of operations.
  • We may not be successful in managing our growth or implementing our business strategies.
  • A substantial portion of our business and revenue derive from our brokerage model, where we support owner-operators to grow their fleets within our umbrella. Such a business model and the use of owner-operators expose us to different risks that a traditional fleet ownership and management business may not experience.
  • If our independent contractor drivers are deemed by regulators or judicial process to be employees, our business, financial condition and results of operations could be materially adversely affected.
  • Fluctuations in the price or availability of fuel and surcharge collection may increase our costs of operation, which could materially and adversely affect our margins.
  • Difficulty in obtaining materials, equipment, goods and services from suppliers could adversely affect our business.
  • Increased prices for and decreased availability of revenue equipment could materially adversely affect our business, financial condition, results of operations and profitability.
  • We are dependent on systems, networks and other information technology assets (and the data contained therein) and a failure in the foregoing, including those caused by cybersecurity breaches, could cause a significant disruption to our business.
The other 36 risks
  • A significant portion of our revenue is concentrated in a small number of large customers. Any loss or significant reduction of business with, one or more of them could have a material adverse effect on our business, financial condition and results of operations.
  • We have engaged in, and may continue to engage in, transactions with related parties, and such transactions present conflicts of interest that could have an adverse effect on our business and results of operations.
  • The Company has incurred indebtedness and may incur other debt in the future, which could adversely affect its financial condition and future financial results.
  • Insurance and claims expenses could significantly reduce our earnings.
  • Our profitability may be materially and adversely impacted if our capital investments do not match customer demand for invested resources or if there is a decline in the availability of funding sources for these investments.
  • Our inability to generate sufficient cash from operations or obtain financing on favorable terms could impair our liquidity and ability to execute our business strategy.
  • Our business depends on our strong reputation and the value of the Toppoint brand.
  • Seasonality and the impact of weather and other catastrophic events affect our operations and profitability.
  • From time to time, we contract with third-party carriers where we do not own or control the transportation assets that deliver our customers’ freight, and we do not employ the providers directly involved in delivering the freight. If we are unable to secure the services of these third parties to serve our customers on competitive terms, our relationships with our customers may be materially adversely affected.
  • If we are unable to recruit, develop and retain our key employees, our business, financial condition and operating results could be adversely affected.
  • Efforts by labor unions could divert management’s attention and could have a materially adverse effect on our operating results.
  • Historically we have not made a significant number of acquisitions and we may not make acquisitions in the future, or if we do, we may not be successful in integrating the acquired company, either of which could have a materially adverse effect on our business.
  • Our planned expansions outside the United States subject us to risks inherent in international operations that can harm our business, results of operations, and financial condition.
  • If we fail to implement and maintain an effective system of internal controls to remediate our material weaknesses in financial reporting, our ability to report our results of operations and financial condition could be adversely affected.
  • We operate in a highly regulated industry and increased costs of compliance with, or liability for violation of, existing or future federal or state regulations could have a materially adverse effect on our business.
  • Changes in U.S. tax laws and regulations may impact our effective tax rate and may adversely affect our business, financial condition and operating results.
  • Our operations are subject to various environmental laws and regulations, the violation of which could result in substantial fines or penalties.
  • Litigation against us could be costly and time-consuming to defend and could materially and adversely affect our business, financial condition, and results of operations.
  • The market price of our common stock may fluctuate, and you could lose all or part of your investment.
  • We may experience extreme stock price volatility unrelated to our actual or expected operating performance, financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our common stock.
  • We may not be able to maintain a listing of our common stock on the NYSE American.
  • We have considerable discretion as to the use of the net proceeds from the initial public offering and we may use these proceeds in ways with which you may not agree.
  • We do not expect to declare or pay dividends in the foreseeable future.
  • If securities industry analysts do not publish research reports on us, or publish unfavorable reports on us, then the market price and market trading volume of our securities could be negatively affected.
  • Future issuances of our common stock or securities convertible into, or exercisable or exchangeable for, our common stock, or the expiration of lock-up agreements that restrict the issuance of new common stock or the trading of outstanding common stock, could cause the market price of our securities to decline and would result in the dilution of your holdings.
  • We may need to obtain additional financing which may not be available or, if it is available, may result in a reduction in the percentage ownership of our then-existing shareholders.
  • Future issuances of debt securities, which rank senior to our common stock upon our bankruptcy or liquidation, and future issuances of preferred stock, which could rank senior to our common stock for the purposes of dividends and liquidating distributions, may adversely affect the level of return you may be able to achieve from an investment in our securities.
  • We are authorized to issue “blank check” preferred stock without stockholder approval, which could adversely impact the rights of holders of our securities.
  • If our securities become subject to the penny stock rules, it would become more difficult to trade our shares.
  • As a public company, we incur increased costs as a result of complying with various regulatory and reporting requirements. Such requirements may strain our resources and distract our management, which could make it difficult to manage our business.
  • We are subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not emerging growth companies, and our shareholders could receive less information than they might expect to receive from more mature public companies.
  • We qualify as a smaller reporting company and are exempt from certain disclosure requirements, which could make our common stock less attractive to potential investors.
  • As a “smaller reporting company,” we may choose to exempt our company from certain corporate governance requirements that could have an adverse effect on our public stockholders.
  • Provisions in Nevada law may have an anti-takeover effect.
  • Section 8.10 of our bylaws provides that the Eighth Judicial District Court of Clark County, Nevada shall, to the fullest extent permitted by law, be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • We are currently operating in a period of economic uncertainty and capital markets disruption, which has been impacted by geopolitical instability due to the military conflict between Russia and Ukraine and armed conflicts between Israel and Hamas. Our business, financial condition and results of operations may be materially and adversely affected by any negative impact on the global economy and capital markets resulting from the conflict in Ukraine, the Gaza Strip or any other geopolitical tensions.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are not currently aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition, or operating results, except as follow:

On January 12, 2024, two drivers, Rainey Mejia Rodriguez and Frank Santana Rodriguez (the “plaintiffs”), filed a class action lawsuit against the Company’s subsidiary, Toppoint Inc, and certain other parties, in the Superior Court of New Jersey, Essex County, alleging misclassification of truck drivers as independent contractors rather than employees. The plaintiffs seek to represent a class of similarly situated individuals who provided services in New Jersey from January 2018 through the date of the complaint. The complaint asserts violations of the New Jersey Wage Payment Law and the New Jersey Wage and Hour Law, including claims of unlawful wage deductions and failure to pay overtime. The plaintiffs sought compensatory damages, treble and/or liquidated damages, attorneys’ fees, and injunctive relief, without specifying a dollar amount of damages. On July 27, 2024, August 26, 2024, and November 22, 2024, the Court issued multiple orders dismissing the case for lack of prosecution. Upon a motion to reinstate the case filed on January 15, 2025 by the plaintiffs, the Court reinstated the case on January 31, 2025. On May 1, 2025, Toppoint Inc filed a motion to dismiss the amended complaint, and a motion hearing was held on July 3, 2025. On June 6, 2025, the court dismissed the case without prejudice against Mr. Hok C. Chan for lack of prosecution. We believe the claims are without merit and intend to continue to vigorously defend against them.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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