TPB at a glance
Turning Point Brands, Inc. (TPB, SEC CIK 1290677) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 21, 2026 and Form 4 insider filings as recently as May 13, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Turning Point Brands, Inc. (TPB) reported revenue of $463.1 million (up 28.4% from FY2024) and net income of $58.2 million. Diluted EPS was $3.11.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding Turning Point Brands, Inc. (TPB) shares worth $540.2 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $463.1M
- +28.4% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 30 funds
- $540.2M · +1 vs prior quarter
- Latest 8-K
- Sep 21, 2026
- Item 7.01 · Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model focus on tobacco-related products, specifically no longer selling generic or Zig-Zag MYO cigarette tobacco since 2017-2019
- Discontinued MSA-covered product lines, resulting in no future escrow deposits or loss contingencies under Master Settlement Agreement
- Escrow deposit balance slightly decreased to $31.992 million from $32.073 million as of December 31, 2025 vs 2024
- No foreign currency contracts outstanding at December 31, 2025, down from contracts involving €2.1 million in 2024
- Emphasis on future cash needs directed at operations, lease payments, debt service, and capital expenditures
Risk Factors
- Regulatory risk: U.S. Supreme Court invalidated tariffs imposed under International Emergency Economic Powers Act (IEEPA), causing $1.99M tariff cost adjustment with no refund mechanism
- Geopolitical risk: 10% blanket tariff under Section 122 of the Trade Act of 1974 imposed on all imports, affecting Zig-Zag cigar wraps margins
- Operational risk: 75% of production outsourced; reliance on third-party manufacturers creates supply chain dependency
- Competitive risk: Significant $107.7M sales growth in modern oral products competing within a dynamic alternative smoking accessories market
- Financial risk: Increased interest expense by $3.5M in 2025 due to issuance of higher-rate 2032 Notes replacing 2026 Notes
Management Discussion & Analysis
- Segment performance not described in provided text
- Cash flow and capital allocation details absent in provided text
- Forward-looking statements mention risks and uncertainties without specifics
AI summary of the TPB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue and profitability figures for the quarter not provided in supplied MD&A excerpt
- $17.8M tariff refund received, including $12.3M cost-of-goods-sold reduction
- $17.9M IEEPA tariffs previously paid, including $5.5M capitalized balance-sheet costs
- Two segments: Zig-Zag products and Stoker’s products; comparative segment performance not provided
- Headwinds: potential additional tariffs, regulation, competition, inflation, interest rates, and declining tobacco-product interest
Risk Factors
- No material changes to risk factors from the 2025 Form 10-K
- Carried-forward risks unchanged, with no specific quarterly updates provided
- Share-repurchase authorization $200.0 million as of June 30, 2026
- Repurchase program has no expiration date and remains subject to Board discretion
AI summary of the TPB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Exhibit 99.1 contains the press release covering the events referenced in the filing
- Investor impact depends on the substantive disclosures in Exhibit 99.1 under Regulation FD
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO Graham Purdy resigns September 30, 2026 for personal reasons, without reported disagreement with the company or Board
- Executive Chairman David E. Glazek becomes CEO October 1, 2026, creating immediate leadership continuity
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for three months ended June 30, 2026
- Press release attached as Exhibit 99.1, containing detailed financial results
Item 7.01: Regulation FD Disclosure
- Investor presentation covers quarter ended March 31, 2026
- Supplemental materials available on TPB’s investor-relations website
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results for three months ended March 31, 2026
- Press release issued May 7, 2026; detailed financial figures in Exhibit 99.1
AI summaries of TPB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TPB
Don't miss the next TPB filing
- Alerts as it files. A push when TPB files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut TPB, by share count.
- Ask anything. An AI agent that reads every TPB filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Usher Stephen | A | May 11, 2026 | 1,295 | $92.71 |
| Frushone Ashley Davis | A | May 11, 2026 | 1,295 | $92.71 |
| Reddy Rohith | A | May 11, 2026 | 1,295 | $92.71 |
| Baxter Gregory H.A. | A | May 11, 2026 | 1,295 | $92.71 |
| Purdy Graham | A | Mar 24, 2026 | 8,638 | $86.83 |
| Wigginton Brian | A | Mar 3, 2026 | 2,041 | $107.57 |
| Glazek David Edward | A | Mar 3, 2026 | 4,535 | $107.57 |
| Cushman Brittani | A | Mar 3, 2026 | 2,181 | $107.57 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $360.7M | $463.1M |
| Gross Profit | - | $201.6M | $264.3M |
| Operating Income | - | $80.8M | $95.3M |
| Net Income | - | $39.8M | $58.2M |
| Gross Margin | - | 55.9% | 57.1% |
| Op. Margin | - | 22.4% | 20.6% |
| Net Margin | - | 11.0% | 12.6% |
| Balance Sheet | |||
| Total Assets | $569.4M | $493.4M | $763.8M |
| Equity | $152.0M | $190.4M | $372.0M |
| ROE | - | 20.9% | 15.6% |
| Per Share | |||
| EPS | - | $2.14 | $3.11 |
| Cash Flow | |||
| Operating CF | - | $67.1M | $57.4M |
| CapEx | - | $4.6M | $13.5M |
Source: XBRL data in Turning Point Brands, Inc. (TPB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TPB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $540.2M |
| Q1 2026 | 29 | $565.8M |
| Q4 2025 | 28 | $730.0M |
| Q3 2025 | 30 | $738.0M |
| Q2 2025 | 28 | $553.4M |
| Q1 2025 | 25 | $345.8M |
| Q4 2024 | 22 | $277.5M |
| Q3 2024 | 19 | $118.2M |
- Bank of America Corp+266.6K (+92%)
- Morgan Stanley+215.2K (+180%)
- BlackRock+148.0K (+10%)
- D.E. Shaw & Co+99.8K (+76%)
- Two Sigma Investments+53.2K (+10%)
- FMR LLC (Fidelity)−456.4K (-87%)
- T. Rowe Price Group−265.2K (-90%)
- JPMorgan Chase & Co−215.3K (-74%)
- Vanguard Portfolio Management LLC−59.3K (-15%)
- Goldman Sachs Group−34.8K (-19%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 211 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TPB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 21, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| SC 13G | Jul 30, 2026 | - | - | |
| SC 13G | May 15, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 8-K | Mar 2, 2026 | - | Analysis | - |
| 10-K | Mar 2, 2026 | Dec 31, 2025 | Analysis | |
| 4 | Jan 6, 2026 | - | - | |
| 4 | Jan 6, 2026 | - | - | |
| 4 | Jan 6, 2026 | - | - | |
| 4 | Dec 23, 2025 | - | - | |
| 4 | Dec 17, 2025 | - | - | |
| 4 | Dec 10, 2025 | - | - |
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TPB SEC filings: frequently asked questions
Which institutions hold TPB stock?
As of June 30, 2026, the largest Turning Point Brands, Inc. (TPB) holders among the 13F filers tracked by SignalX were BlackRock ($137.3 million), Vanguard Capital Management LLC ($69.8 million), Two Sigma Investments ($48.2 million), Bank of America Corp ($47.3 million), Dimensional Fund Advisors ($38.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TPB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Turning Point Brands, Inc. (TPB) reported revenue of $463.1 million (up 28.4% from FY2024) and net income of $58.2 million. Diluted EPS was $3.11. The figures come from the XBRL data in the 10-K.
What are the main risks in TPB's latest 10-K?
In the 10-K filed March 2, 2026, Turning Point Brands, Inc. (TPB) flagged: Regulatory risk: U.S. Supreme Court invalidated tariffs imposed under International Emergency Economic Powers Act (IEEPA), causing $1.99M tariff cost adjustment with no refund mechanism. Geopolitical risk: 10% blanket tariff under Section 122 of the Trade Act of 1974 imposed on all imports, affecting Zig-Zag cigar wraps margins. (AI summary of the Risk Factors section.)
What did TPB report in its latest 8-K?
Turning Point Brands, Inc. (TPB) filed an 8-K on September 21, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). Exhibit 99.1 contains the press release covering the events referenced in the filing.
What are the latest TPB SEC filings?
Turning Point Brands, Inc. (TPB) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 21, 2026 and a Form 4 insider filing on May 13, 2026.
What is TPB's SEC CIK number?
Turning Point Brands, Inc. (TPB)'s SEC Central Index Key (CIK) is 1290677. EDGAR lists every TPB filing under that number.
Ask anything about TPB
The research agent reads TPB's filings, financials, insider trades and 13F holders, then answers with sources.