Toppoint Holdings Inc. Common Stock (TOPP)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses with honest numbers and a margin of safety. Toppoint is a micro-cap trucker serving the recycling export supply chain, with only 3 employees. Its fiscal 2025 revenue was $16.5M, but it lost $7.3M, or EPS -$0.41. That followed profits: fiscal 2024 net income was $174,871, and fiscal 2023 net income was $542,351. FairStock calls it a TURNAROUND — loss in the latest year after earlier profits. The losses continued into fiscal 2026: in the quarter ended 2026-06-30, revenue was $4.6M and net income was -$306,711; in the quarter ended 2026-03-31, net income was -$653,732. Trucking is commodity-like, and there is little evidence of a moat, especially at this tiny scale. Debt-to-equity of 0.11 is low, but FairStock's Altman Z-score of 1.23 signals distress. Trailing free cash flow was -$1.4M, and FairStock's FCF yield was -42.7% at the 2026-10-13 close. FairStock's P/B is 0.33 at the 2026-10-13 close, and its P/E is -0.39; the market values the equity at $3.3M. ROE is -58.59% and ROCE is -30.75%. Revenue has hovered around $16M-$18M, but margins collapsed. A low P/B and $3.3M market cap against $16.5M of fiscal 2025 revenue may tempt a bargain hunter, but without positive cash flow, book value can vanish. I would want to see sustained quarterly profits and positive cash generation before calling this cheap rather than a value trap.

In plain English: Toppoint is a very small trucking company that hauls wastepaper, scrap metal, food waste and other recycling-export cargo. The business looks weak: it lost money in fiscal 2025 and in the first half of fiscal 2026, and it is burning cash. The share price is extremely low compared with the company's stated accounting value, but because the company is losing money, that low price may signal trouble rather than a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer