Public Policy Holding Company, Inc. (PPHC) Financial Statements
Industry: Management Consulting Services (Services)
In fiscal 2025, Public Policy reported revenue of $186.5M. Net income was -$39.0M (a -20.9% net margin), or -$2.37 per diluted share. Gross margin was 10.0% and operating margin was -18.2%. Operating activities generated $24.8M of cash, leaving $24.8M of free cash flow. At fiscal year end, Public Policy held $202.6M in total assets against $127.6M in total liabilities, including $20.4M of cash and equivalents.
Open the full interactive Public Policy financials → Quarterly statements, key ratios, valuation history and price charts.
Public Policy Key Stats
| Share Price | $10.58 |
|---|---|
| Market Cap | $264.0M |
| 52-Week Range | $7.25 – $14.46 |
| Shares Outstanding | 25.0 million (basic, 2026 Q2) |
Public Policy Income Statement
| FY 2025 | |
|---|---|
| Revenue | $186.5M |
| Cost of Goods Sold | $167.9M |
| Gross Profit | $18.6M |
| Operating Income | -$33.9M |
| Pre-Tax Income | -$34.6M |
| Income Tax | $4.4M |
| Net Income | -$39.0M |
| Diluted EPS | -$2.37 |
Public Policy Quarterly Results
| 2026 Q1 | 2026 Q2 | |
|---|---|---|
| Revenue | $50.1M | $52.1M |
| Net Income | -$11.5M | -$3.7M |
| Diluted EPS | -$0.49 | -$0.19 |
Public Policy Balance Sheet
| FY 2025 | |
|---|---|
| Cash & Equivalents | $20.4M |
| Current Assets | $58.6M |
| Total Assets | $202.6M |
| Current Liabilities | $52.9M |
| Total Long-Term Debt | $47.0M |
| Total Liabilities | $127.6M |
| Shareholders' Equity | $74.9M |
Public Policy Cash Flow Statement
| FY 2025 | |
|---|---|
| Cash From Operations | $24.8M |
| Cash From Investing | -$21.6M |
| Cash From Financing | $2.5M |
| Free Cash Flow | $24.8M |
Figures from Public Policy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Public Policy financials page for every line item.
Public Policy Company Profile
| Ticker | PPHC |
|---|---|
| Exchange | Nasdaq |
| Industry | Management Consulting Services (Services) |
| Headquarters | Washington, District of Columbia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001903508 |
Frequently Asked Questions
What was Public Policy's revenue in fiscal 2025?
Public Policy (PPHC) reported revenue of $186.5M for fiscal 2025.
What was Public Policy's net income in fiscal 2025?
Public Policy reported net income of -$39.0M for fiscal 2025.
What was Public Policy's earnings per share (EPS) in fiscal 2025?
Public Policy's diluted EPS was -$2.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Public Policy generate in fiscal 2025?
Public Policy generated $24.8M of free cash flow in fiscal 2025.
What was Public Policy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Public Policy reported revenue of $52.1M.
How much debt does Public Policy have?
Public Policy reported $47.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Public Policy are outstanding?
Public Policy reported a weighted average of 25.0 million basic shares outstanding in 2026 Q2.
What is Public Policy's market cap?
Based on its latest closing price, Public Policy (PPHC) has a market capitalization of about $264.0M.
When does Public Policy's fiscal year end?
Public Policy's fiscal year end, as registered with the SEC, is December 31.
Where is Public Policy headquartered?
Public Policy lists its business address in Washington, District of Columbia in its SEC filings.
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