TopMark Funding exceeded its revenue goal for Q3/21 by 20%, with revenue in the quarter up 267% year over year. The company’s earnings were also stronger than anticipated, with Q3 net profit margin up 1.8 times from forecast at 27% and nominal profits up 2.2 times compared with forecasts.
Additionally, TopMark increased volume year over year (total amount financed) by 117% and is pacing well above $100 million annually. This marks the third consecutive quarter TopMark Funding has outperformed its target goals and, according to the company, made Q3/21 its highest performing quarter in company history.
“The TopMark team continues to outperform even our most aggressive revenue goals and we’re excited to see the trend continue this quarter,” Evan Lang, managing partner and co-founder of TopMark Funding, said. “The quarter-over-quarter revenue growth demonstrates the demand within the trucking industry despite labor shortages that have been impacting the supply chain across every industry.”
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