NORTH WALES, PA, May 14, 2026 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (NYSE:TOPP), a truckload services and solutions provider focused on the recycling export supply chain, today reported financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Highlights
• Revenue of $4.1 million, an increase of 8% compared to $3.8 million in Q1 2025
• Import revenue surged 61.8% year-over-year to $1.4 million
• Metal vertical revenue grew 164.8% year-over-year to $565,647
• Net cash used in operating activities improved by approximately $93,650 versus the prior-year quarter
• Total assets of $10.3 million as of March 31, 2026
• Expanded geographic footprint into Houston, TX, and continued growth across Florida and Maryland markets
"The first quarter of 2026 demonstrated the continued strength of our diversification strategy. Our import and metal verticals delivered exceptional growth, and we are seeing the benefits of our fleet investments in improved operational efficiency. While the broader recycling export market presented headwinds in certain commodities, our ability to expand into new service lines and geographies positions us well for the remainder of 2026."
— Hok C. Chan, Chief Executive Officer, Toppoint Holdings Inc.
Revenue
Revenue for the three months ended March 31, 2026 totaled $4,106,943, representing an 8% increase compared to $3,811,610 in the prior-year period. Growth was driven primarily by the Company's expanding import operations and strong momentum in scrap metal transportation.
Import revenue reached $1,409,083, a 61.8% increase from $870,714, fueled by new customer acquisition, versatile equipment capable of ...
