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Public Policy Holding Inc $PPHC

Industrials

Russell 2000 Washington, D.C.

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Public Policy Holding Inc (PPHC) is a Industrials company in the Russell 2000. Latest news and coverage below.

IPO: January 28, 2026 · $12.25 offering · NASDAQ · View IPO details →

Public Policy Holding Inc revenue & net income history (FY2024–FY2025)

RevenueNet incomeNet margin (right axis, %)

Public Policy Holding Inc annual financial statements
	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$149.6M	$186.5M
Growth (year over year)	—	+24.7%
Gross profit	$17.3M	$18.6M
Gross margin	11.5%	10.0%
Operating income	−$18.2M	−$33.9M
Operating margin	−12.1%	−18.2%
Net income	−$24.0M	−$39.0M
Net margin	−16.0%	−20.9%
EPS (diluted)	−$2.34	−$2.37
Balance sheet
Cash and equivalents	$14.5M	$20.4M
Total assets	$174.5M	$202.6M
Total liabilities	$93.2M	$127.6M
Long-term debt	$26.0M	$37.9M
Shareholders' equity	$81.3M	$74.9M
Cash flow
Operating cash flow	$16.4M	$24.8M
Capital expenditure	$56.0K	$11.0K
Free cash flow	$16.3M	$24.8M
Dividends paid	$16.8M	$8.66M

RevenueNet incomeNet margin (right axis, %)

Public Policy Holding Inc quarterly financial statements
	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$39.3M	$48.6M	—	$50.1M	$52.1M
Growth (year over year)	—	—	—	+27.5%	+7.3%
Gross profit	$3.96M	$7.99M	—	$9.16M	$11.4M
Gross margin	10.1%	16.4%	—	18.3%	21.8%
Operating income	−$5.90M	−$4.90M	—	−$8.19M	−$3.89M
Operating margin	−15.0%	−10.1%	—	−16.3%	−7.5%
Net income	−$10.6M	−$5.73M	—	−$11.5M	−$3.73M
Net margin	−27.0%	−11.8%	—	−22.9%	−7.2%
EPS (diluted)	−$0.63	−$0.44	—	−$0.49	−$0.19
Balance sheet
Cash and equivalents	$9.54M	$9.79M	$20.4M	$42.9M	$36.9M
Total assets	—	—	$202.6M	$242.5M	$240.8M
Total liabilities	—	—	$127.6M	$133.6M	$129.8M
Long-term debt	—	—	$37.9M	$34.1M	$32.3M
Shareholders' equity	$80.1M	$81.0M	$74.9M	$108.9M	$110.9M
Cash flow
Operating cash flow	−$8.62M	$8.35M	—	−$11.7M	$2.61M
Capital expenditure	$0	$93.0K	—	$521.0K	$111.0K
Free cash flow	−$8.62M	$8.25M	—	−$12.2M	$2.50M

From Public Policy Holding Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. Filings on SEC EDGAR →