Public Policy Holding Company, Inc.PPHC

Public Policy Holding Company, Inc. Revenue Disclosure

10-KFiled Mar 31, 20262 min read
REVENUE
The following table provides disaggregated revenue by revenue type:
Year Ended December 31,
20252024
Government Relations Consulting revenue$108,495 $102,464 
Corporate Communications & Public Affairs Consulting revenue65,050 36,405 
Compliance and Insights Services revenue12,996 10,694 
Total revenue$186,541 $149,563 
Revenue by geographic region:
Year Ended December 31,
20252024
United States
$177,648 $145,482 
International8,893 4,081 
Revenue by geographic market
$186,541  $149,563 
CONTRACT BALANCES AND ALLOWANCE FOR EXPECTED CREDIT LOSSES
The following table provides information about receivables, contract receivables and contract liabilities from contracts with customers as of:
December 31, 2025December 31, 2024
Accounts receivable$23,831 $19,162 
Unbilled receivables512 225 
Allowance for expected credit losses(2,492)(1,102)
Total contract receivables, net21,851 18,285 
Contract Liabilities / (Deferred revenue)$(3,310)$(3,150)
Contract liabilities relate to advance consideration received from customers under the terms of the Company's contracts primarily related to retainer fees and reimbursements of third-party expenses, both of which are generally recognized shortly after billing. Deferred revenue of $3.3 million and $3.2 million from December 31, 2025 and December 31, 2024 is expected to be recognized as revenue within one year of the respective balance sheet date.
The following table summarized information about the activity in the allowance for expected credit losses as follows:
Balance at December 31, 2023$794 
Provision for expected credit losses
1,024 
(Write-off)/Recoveries
(716)
Balance at December 31, 2024$1,102 
Provision for expected credit losses
2,353 
(Write-off)/Recoveries
(963)
Balance at December 31, 2025$2,492 
As of December 31, 2025 and 2024 the balance of the allowance for credit losses approximated $2.5 million and $1.1 million.

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

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