Toppoint Holdings Inc. (TOPP) Balance Sheet

NYSE American: TOPPAssets, liabilities, debt and equity over 4 years.

TOPP balance sheet, 2025

December 31, 2025 · U.S. dollars

$11.0M assets = $2.4M liabilities + $8.6M equity

Both columns are drawn to the same scale: what TOPP owns equals what it owes plus shareholders’ equity. Hover a block for its value.

TOPP financial health

Current ratio3.23

Comfortable · current assets cover current liabilities 3.23×

Debt / equity0.17

Low leverage · $0.17 of debt for each $1 of equity

Equity / assets78.4%

Equity-funded · of assets funded by shareholders

Cash / debt82.1%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles4.3%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

TOPP balance sheet trends, 2022–2025

Toppoint Holdings Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$4.8M2022	$11.0M2025	+32.0%/yr
Total liabilities	$3.0M2022	$2.4M2025	−7.0%/yr
Shareholders’ equity	$1.8M2022	$8.6M2025	+67.8%/yr
Cash & short-term investments	$744,8532022	$1.2M2025	+17.3%/yr
Total debt	$1.2M2022	$1.5M2025	+6.2%/yr
Net cash (debt)	−$479,2312022	−$262,4542025	+$216,777
Working capital	$1.1M2022	$3.6M2025	+$2.5M
Book value per share	$0.152022	$0.482025	+47.5%/yr
Current ratio	1.752022	3.232025	+1.49
Debt / equity	0.672022	0.172025	−0.50
Shares outstanding	12.2M2022	17.9M2025	+13.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TOPP assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

TOPP liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TOPP debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

TOPP balance sheet

Toppoint Holdings Inc. annual balance sheet
	2025	2024	2023	2022
Assets
Cash & short-term investments	$1.2M	$557,619	$1.5M	$744,853
Cash & equivalents	$1.2M	$557,619	$1.5M	$744,853
Receivables	$3.9M	$1.3M	$1.2M	$1.8M
Inventory	$0	$0	$0	$0
Other current assets	$75,000	$398,512	$206,620	$750
Total current assets	$5.2M	$2.2M	$2.8M	$2.6M
Property, plant & equipment (net)	$1.7M	$1.9M	$1.1M	$2.2M
Goodwill & intangible assets	$470,525	$739,396	$798,614	$0
Long-term investments	$0	$0	$0	$0
Other non-current assets	$3.6M	$50,000	$207,016	$0
Total assets	$11.0M	$5.0M	$5.0M	$4.8M
Liabilities
Accounts payable	$886,243	$402,552	$335,596	$74,195
Short-term debt	$706,244	$1.2M	$103,106	$149,326
Deferred revenue	$23,091	—	$862,841	$862,841
Total current liabilities	$1.6M	$1.8M	$1.6M	$1.5M
Long-term debt	$608,178	$146,753	$146,753	$146,753
Lease obligations	$388,357	$462,385	$562,346	$1.1M
Other long-term liabilities	$150,427	$518,941	$844,603	$1.3M
Total liabilities	$2.4M	$2.4M	$2.6M	$3.0M
Shareholders' equity
Common stock & paid-in capital	$1,970	$1,500	$1,500	$1,500
Retained earnings (deficit)	−$4.9M	$2.4M	$2.2M	$1.7M
Total shareholders' equity	$8.6M	$2.5M	$2.4M	$1.8M
Key figures
Total debt	$1.5M	$1.7M	$712,246	$1.2M
Net cash (debt)	−$262,454	−$1.2M	$743,730	−$479,231
Working capital	$3.6M	$468,941	$1.2M	$1.1M
Tangible book value	$8.2M	$1.8M	$1.6M	$1.8M
Book value per share	$0.48	$0.17	$0.16	$0.15
Shares outstanding	17.9M	15.0M	15.0M	12.2M
Current ratio	3.23	1.26	1.77	1.75
Quick ratio	3.19	1.04	1.64	1.75
Debt / equity	0.17	0.67	0.30	0.67
Equity / assets	78.4%	51.0%	47.8%	38.2%

Toppoint Holdings Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23
Assets
Cash & short-term investments	$4.7M	$836,167	$1.2M	$463,352	$1.5M	$1.7M	$557,619	$1.2M	$1.0M	$1.2M	$1.5M
Cash & equivalents	$4.7M	$836,167	$1.2M	$463,352	$1.5M	$1.7M	$557,619	$1.2M	$1.0M	$1.2M	$1.5M
Receivables	$4.2M	$4.2M	$3.9M	$1.7M	$1.5M	$1.6M	$1.2M	$1.4M	$1.5M	$1.2M	$1.2M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$46,200	$47,984	$75,000	$286,752	$239,692	$139,583	$486,665	$454,725	$346,088	$417,896	$206,620
Total current assets	$9.0M	$5.1M	$5.2M	$2.4M	$3.2M	$3.4M	$2.2M	$3.1M	$2.8M	$2.9M	$2.8M
Property, plant & equipment (net)	$1.5M	$1.7M	$2.2M	$2.4M	$2.7M	$2.6M	$1.9M	$914,916	$988,681	$1.0M	$1.1M
Goodwill & intangible assets	$336,089	$403,307	$470,525	$537,742	$604,960	$672,178	$739,396	$801,614	$798,614	$798,614	$798,614
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.1M	$3.1M	$3.1M	$5.3M	$5.8M	$5.8M	$50,000	$50,001	$346,300	$229,934	$207,016
Total assets	$13.9M	$10.3M	$11.0M	$10.7M	$12.3M	$12.5M	$5.0M	$4.9M	$5.0M	$4.9M	$5.0M
Liabilities
Accounts payable	$808,124	$793,878	$886,243	$563,225	$654,358	$477,679	$402,552	$113,405	$296,940	$186,005	$335,596
Short-term debt	$754,469	$776,352	$706,244	$374,942	$1.3M	$1.3M	—	$725,269	$117,383	$110,006	$103,106
Deferred revenue	$25,022	$26,228	$23,091	—	—	—	—	$402,649	$862,841	$862,841	$862,841
Total current liabilities	$1.6M	$1.6M	$1.6M	$938,167	$2.0M	$1.8M	$1.8M	$1.3M	$1.4M	$1.5M	$1.6M
Long-term debt	$442,502	$540,999	$608,178	$400,073	$444,148	$146,753	$146,753	$146,753	$146,753	$146,753	$146,753
Lease obligations	$371,805	$449,059	$388,357	$440,452	$505,892	$552,156	$462,385	$489,931	$515,696	$539,799	$562,346
Other long-term liabilities	$77,198	$148,447	$150,427	$209,333	$290,005	$455,712	$518,941	$846,207	$839,812	$837,225	$844,603
Total liabilities	$2.1M	$2.3M	$2.4M	$1.5M	$2.7M	$2.4M	$2.4M	$2.3M	$2.4M	$2.5M	$2.6M
Shareholders' equity
Common stock & paid-in capital	$2,470	$1,970	$1,970	$1,940	$1,750	$1,750	—	$1,500	$1,500	$1,500	$1,500
Retained earnings (deficit)	−$5.9M	−$5.6M	−$4.9M	−$3.8M	$340,627	$1.9M	$2.4M	$2.5M	$2.5M	$2.3M	$2.2M
Accumulated other comprehensive income	—	—	—	$0	—	—	—	—	—	—	—
Total shareholders' equity	$11.8M	$8.0M	$8.6M	$9.2M	$9.5M	$10.1M	$2.5M	$2.6M	$2.6M	$2.5M	$2.4M
Key figures
Total debt	$1.3M	$1.5M	$1.5M	$984,348	$2.1M	$1.8M	$146,753	$1.2M	$665,596	$689,699	$712,246
Net cash (debt)	$3.4M	−$629,631	−$262,454	−$520,996	−$591,460	−$62,222	$410,866	−$14,145	$357,508	$547,772	$743,730
Working capital	$7.4M	$3.5M	$3.6M	$1.5M	$1.2M	$1.6M	$468,941	$1.8M	$1.5M	$1.4M	$1.2M
Tangible book value	$11.5M	$7.6M	$8.2M	$8.6M	$8.9M	$9.4M	$1.8M	$1.8M	$1.8M	$1.7M	$1.6M
Book value per share	$0.60	$0.40	$0.44	$0.51	$0.54	$0.60	$0.15	$0.17	$0.17	$0.17	$0.16
Shares outstanding	19.7M	19.7M	19.7M	17.8M	17.5M	16.9M	17.5M	15.0M	15.0M	15.0M	15.0M
Current ratio	5.65	3.19	3.23	2.58	1.60	1.92	1.26	2.40	2.07	1.95	1.77
Quick ratio	5.62	3.16	3.19	2.28	1.48	1.85	0.99	2.05	1.82	1.66	1.64
Debt / equity	0.11	0.18	0.17	0.11	0.22	0.18	0.06	0.48	0.25	0.28	0.30
Equity / assets	84.8%	77.7%	78.4%	85.6%	77.7%	80.8%	51.0%	53.1%	52.6%	50.3%	47.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 25, 2026); data from EODHD.

TOPP financial position

At the end of fiscal 2025 (December 31, 2025), Toppoint had total assets of $11.0 million (up 120.5% from a year earlier), total liabilities of $2.4 million and shareholders' equity of $8.6 million. It held $1.2 million in cash and short-term investments against $1.5 million of debt, net debt of $0.3 million. Its current ratio was 3.23. In the latest quarter (ended June 30, 2026) total assets were $13.9 million and equity $11.8 million.

Related: TOPP income statement, TOPP cash flow statement, TOPP key metrics. See the TOPP stock overview for the latest quote and news.

TOPP balance sheet FAQ

What are Toppoint's total assets?

Toppoint reported total assets of $11.0 million at the end of fiscal 2025 (December 31, 2025), compared with $5.0 million a year earlier.

How much debt does Toppoint have?

Toppoint had $1.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.17.

How much cash does Toppoint have?

Toppoint held $1.2 million in cash and short-term investments at the end of fiscal 2025; with $1.5 million of debt that is net debt of $0.3 million.

What is Toppoint's book value?

Toppoint's shareholders' equity (book value) was $8.6 million at the end of fiscal 2025, or $0.48 per share.

What is Toppoint's current ratio?

Toppoint had current assets of $5.2 million and current liabilities of $1.6 million, a current ratio of 3.23 (it can cover its short-term obligations).

How much goodwill does Toppoint have?

Toppoint carried $0.5 million of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2025.