Public Policy Holding Company, Inc.

Listed Company

PPHCCIK 0001903508NasdaqEmerging GrowthServices-Management Consulting ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$186.54M

Net Income

$-39.00M

Total Assets

$202.55M

Equity

$74.90M

Shares Out

29.35M

Op. Cash Flow

$24.77M

PPHC$8.88−23.45% · past 6 monthsDBEQ Basic

Daily closing prices

Business

Public Policy Holding Company, Inc. is a publicly listed company in Management Consulting Services, incorporated in Delaware. Common stock trades on Nasdaq under the ticker PPHC.

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Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Revenue	187	150
Salaries and other personnel costs	161	127
Office and other direct costs	7	6
Cost of services	168	132
Salaries, general and administrative	32	27
Mergers and acquisitions expense	837,000	2
Depreciation and amortization expense	6	4
Loss on impairment of intangible assets	3	0
Loss on impairment of goodwill	6	0
Change in fair value of contingent consideration	5	2
Total operating expenses	220	168
Loss from operations	−34	−18
Gain on bargain purchase	2	2
Interest income	81,000	177,000
Interest expense	−3	−2
Other income, net	589,000	0
Net loss before income taxes	−35	−17
Income tax expense	−4	−7
Net loss	−39	−24
Net loss per share attributable to common stockholders, Basic (usd per share)	−2.37	−2.34
Net loss per share attributable to common stockholders, Diluted (in usd per share)	−2.37	−2.34
Basic (in shares)	17	13
Diluted (in shares)	17	13
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	2	−536,000
Total comprehensive loss	−37	−24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Cash and cash equivalents	20	15	—
Contract receivables, net	22	18	—
Notes receivable - related parties, current portion	750,000	863,000	—
Income taxes receivable	2	3	—
Prepaid post-combination compensation, current portion	4	6	—
Prepaid expenses and other current assets	10	3	—
Amounts due from related parties	266,000	0	—
Total current assets	59	46	—
Property and equipment at cost, less accumulated depreciation	598,000	751,000	—
Notes receivable - related parties, long term	900,000	1	—
Operating lease right of use asset	19	18	—
Goodwill	57	64	48
Other intangible assets, net of accumulated amortization	37	32	—
Deferred income tax asset	25	11	—
Prepaid post-combination compensation, long term	5	888,000	—
Other long-term assets	276,000	189,000	—
TOTAL ASSETS	203	174	—
Accounts payable and accrued expenses	31	20	—
Deferred revenue	3	3	—
Operating lease liability, current portion	5	5	—
Contingent consideration, current portion	3	2	—
Notes payable, current portion, net	9	6	—
Total current liabilities	53	38	—
Notes payable, long term, net	38	26	—
Contingent consideration, long term	10	9	—
Other liability, long term	11	4	—
Operating lease liability, long term	17	17	—
Total liabilities	128	93	—
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 25,174,492 and 24,017,599 shares issued and outstanding as of December 31, 2025, and 2024, respectively	24,000	23,000	—
Additional paid-in capital	237	197	—
Accumulated deficit	−163	−116	—
Accumulated other comprehensive income (loss)	1	−536,000	—
Total stockholders equity	75	81	82
TOTAL LIABILITIES AND EQUITY	203	174	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Depreciation	192,000	136,000
Amortization expense - intangibles	6	5
Amortization of right of use assets	5	4
Amortization of prepaid post-combination compensation	9	5
Accretion of other liability	8	4
Amortization of debt discount	236,000	182,000
Provision for deferred income taxes	−3	−1
Share-based accounting charge	30	32
Credit losses on accounts receivable	2	0
Impairment of goodwill and other intangible assets	9	0
Employee loan forgiveness	250,000	0
Accounts receivable	−5	−3
Prepaid post-combination expense	−10	−5
Prepaid expenses and other assets	−1	573,000
Accounts payable and accrued expenses	6	−2
Income taxes payable and receivable	1	−2
Deferred revenue	149,000	959,000
Contingent consideration	−4,000	−269,000
Operating lease liability	−6	−4
Other liabilities	−2	−982,000
Transactions with members and related parties	−822,000	2
Net Cash Provided by Operating Activities	25	16
Purchases of property and equipment	−11,000	−56,000
Proceeds issued for notes receivable - related parties	−500,000	0
Proceeds received for notes receivable - related parties	0	350,000
Cash paid for acquisitions, net of cash acquired	−21	−20
Net Cash Used in Investing Activities	−22	−19
Proceeds from notes payable	24	25
Payment of debt issuance costs	−128,000	−215,000
Payment of deferred equity offering costs	−3	0
Principal payment of note payable	−9	−4
Payment of contingent considerations	−582,000	−750,000
Dividends paid	−9	−17
Net Cash Provided by Financing Activities	3	3
Effect of foreign exchange rate changes on cash and cash equivalents	156,000	−54,000
Net Change in Cash and Cash Equivalents	6	195,000
Cash paid for interest	3	2
Cash paid for income taxes	6	10
Common stock received for repayment of note receivable with Alpine Group	532,000	0
Right of use assets obtained with lease liabilities	4	797,000
Right of use assets obtained with business combinations	2	268,000
Contingent consideration issued for acquisitions	0	4
Common stock issued for acquisitions	1	1
Accrued deferred equity offering costs	3	0
Stock issued for settlement of contingent consideration	0	691,000

Filings

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Frequently asked questions

What is Public Policy Holding Company, Inc.'s CIK number?

Public Policy Holding Company, Inc.'s SEC CIK number is 0001903508 (1903508). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Public Policy Holding Company, Inc.'s SEC filings?

All of Public Policy Holding Company, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Public Policy Holding Company, Inc. last report earnings?

Public Policy Holding Company, Inc. (PPHC) most recently filed an earnings 8-K with the SEC on Mar 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-020491). This is Public Policy Holding Company, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Public Policy Holding Company, Inc.'s most recent earnings 8-K?

Public Policy Holding Company, Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 23, 2026 under accession 0001628280-26-020491. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Public Policy Holding Company, Inc.'s latest earnings 8-K →
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