For fiscal 2025 (ended Dec 31, 2025), Public Policy Holding Company Inc. reported $186.54M of revenue and -$39.00M of net income.
PPHC revenue was $52.14M in fiscal Q2 2026 (ended Jun 30, 2026), up 7.3% from a year earlier and up 4.0% from the prior quarter. For the full fiscal 2025 it was $186.54M, up 24.7% from fiscal 2024.
PPHC net income was -$3.73M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$5.73M a year earlier. For the full fiscal 2025 it was -$39.00M, compared with -$23.96M in fiscal 2024.
PPHC diluted EPS was -$0.19 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.37, compared with -$2.34 in fiscal 2024.
PPHC free cash flow was $2.50M in fiscal Q2 2026 (ended Jun 30, 2026), down 69.7% from a year earlier. For the full fiscal 2025 it was $24.76M, up 51.5% from fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | $186.54M | $149.56M |
| Cost of revenue | $167.89M | $132.29M |
| Gross profit | $18.65M | $17.27M |
| Selling, general and admin | $31.79M | $26.84M |
| Operating income | -$33.91M | -$18.15M |
| Interest expense | $3.40M | $1.90M |
| Pre-tax income | -$34.60M | -$17.41M |
| Income tax | $4.40M | $6.54M |
| Net income | -$39.00M | -$23.96M |
| EPS, basic | -$2.37 | -$2.34 |
| EPS, diluted | -$2.37 | -$2.34 |
| Diluted shares | 17.5M | 13.4M |
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash and equivalents | $20.44M | $14.54M |
| Receivables | $21.85M | $18.29M |
| Current assets | $58.55M | $45.66M |
| Goodwill | $56.99M | $64.31M |
| Total assets | $202.55M | $174.46M |
| Current liabilities | $52.86M | $37.84M |
| Short-term debt | $9.08M | $6.03M |
| Long-term debt | $37.91M | $26.01M |
| Total debt | $46.99M | $32.05M |
| Total liabilities | $127.65M | $93.21M |
| Shareholders' equity | $74.90M | $81.25M |
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | $24.77M | $16.40M |
| Capital expenditures | $11.0K | $56.0K |
| Free cash flow | $24.76M | $16.35M |
| Investing cash flow | -$21.58M | -$19.49M |
| Financing cash flow | $2.55M | $3.34M |
| Dividends paid | $8.66M | $16.84M |
| Depreciation and amortization | $5.68M | $4.24M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Revenue | $52.14M | $50.12M | $48.59M | $39.31M |
| Cost of revenue | $40.79M | $40.96M | $40.60M | $35.35M |
| Gross profit | $11.35M | $9.16M | $7.99M | $3.96M |
| Selling, general and admin | $12.08M | $9.29M | $9.54M | $7.49M |
| Operating income | -$3.89M | -$8.19M | -$4.90M | -$5.90M |
| Interest expense | $725.0K | $801.0K | $865.0K | $635.0K |
| Pre-tax income | -$3.38M | -$8.76M | -$5.75M | -$6.50M |
| Income tax | $352.0K | $2.74M | -$24.0K | $4.11M |
| Net income | -$3.73M | -$11.50M | -$5.73M | -$10.61M |
| EPS, basic | -$0.19 | -$0.49 | -$0.44 | -$0.63 |
| EPS, diluted | -$0.19 | -$0.49 | -$0.44 | -$0.63 |
| Diluted shares | 25.0M | 23.3M | 17.2M | 16.9M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Cash and equivalents | $36.92M | $42.85M | $9.79M | $9.54M |
| Receivables | - | $34.24M | - | - |
| Current assets | $79.89M | $88.54M | - | - |
| Goodwill | $57.15M | $56.78M | - | - |
| Total assets | $240.76M | $242.52M | - | - |
| Current liabilities | $49.80M | $51.93M | - | - |
| Short-term debt | $9.87M | $10.51M | - | - |
| Long-term debt | $32.29M | $34.11M | - | - |
| Total debt | $42.15M | $44.62M | - | - |
| Total liabilities | $129.81M | $133.63M | - | - |
| Shareholders' equity | $110.94M | $108.89M | $81.05M | $80.06M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Operating cash flow | $2.61M | -$11.66M | $8.35M | -$8.62M |
| Capital expenditures | $111.0K | $521.0K | $93.0K | $0 |
| Free cash flow | $2.50M | -$12.18M | $8.25M | -$8.62M |
| Investing cash flow | $1.59M | -$2.43M | -$93.0K | -$18.52M |
| Financing cash flow | -$10.11M | $36.57M | -$7.97M | $22.08M |
| Depreciation and amortization | $1.47M | $1.50M | $1.58M | $1.19M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Revenue growth, YoY | 7.3% | 27.5% | - | - |
| Gross margin | 21.8% | 18.3% | 16.4% | 10.1% |
| Operating margin | -7.5% | -16.3% | -10.1% | -15.0% |
| Net margin | -7.2% | -22.9% | -11.8% | -27.0% |
| Free cash flow margin | 4.8% | -24.3% | 17.0% | -21.9% |
| Current ratio | 1.60 | 1.70 | - | - |
| Debt to equity | 0.38 | 0.41 | - | - |
Source: XBRL data Public Policy Holding Company Inc. files with the SEC, latest filing dated Aug 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.