TopMark Funding reported a 29.2% gain against its Q1/22 revenue goals. The company, which more than doubled its year-over-year volume (total amount financed) in 2021, has set an annual origination growth target of 57% and is presently outpacing that target, with Q1/22 coming in 27% above its annualized 2022 target and 268% above Q1/21’s actual performance.
In the first three months of 2022, TopMark Funding funded a company record of $34.7 million in volume, marking a 242% year-over-year increase from Q1/21. March fundings of $15.4 million put the company on an annualized run rate of $185 million. The company also reported company record earnings that exceeded its forecast by a factor of 2.5.
“Each quarter that we continue to see record-breaking growth affirms that our senior sales talent, operational structure and leadership and our investment in technology are working,” Evan Lang, co-founder and managing partner of TopMark Funding, said. “The marketplace continues to see unprecedented challenges, but the commitment of the TopMark team is laying the relationship foundation with dealerships across the country and is a critical piece of the company’s continuing growth.”
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