TopMark Beats Revenue Goal

By Staff Writer October 20, 2021

TopMark Funding, which provides funding for commercial vehicle dealerships and small to midsized fleets, exceeded its Q3 revenue goal by 20%. Revenue in Q3 2021 was up 267% year over year. Earnings were also stronger than anticipated with Q3 coming in at a net profit margin up 1.8 times from forecast at 27% and nominal profits up 2.2 times forecast. Additionally, TopMark increased volume year over year (Total Amount Financed) by 117% and is pacing well above $100 million annually. This also marks the third consecutive quarter of outperforming target goals and continuing to solidify the company’s challenger brand position in the marketplace for commercial vehicle financing.

The company credits its record-breaking performance in part to its commitment to attracting and retaining top senior sales talent.

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Last modified on Friday, 22 October 2021 16:34