Public Policy Holding Company, Inc.
PPHC Nasdaq Services-Management Consulting Services Financials FY2024–FY2025
What Public Policy Holding Company, Inc. does
No business description yet.
- Legal name
- Public Policy Holding Company, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Accession · CIK
- 0001628280-26-022359
0001903508
Revenue and margins
Public Policy Holding Company, Inc. had $187M of revenue in fiscal 2025, up 24.7% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $24.8M in fiscal 2025, 13.3% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Public Policy Holding Company, Inc. returned $8.7M to shareholders in fiscal 2025, 35% of free cash flow. The diluted share count rose 30.3%.
Balance sheet
Cash, debt and the ratios that show how comfortably Public Policy Holding Company, Inc. can carry it.
| Fiscal year end | FY24 | FY25 |
|---|---|---|
| Cash and short-term investments | $14.5M | $20.4M |
| Debt incl. finance leases | $32.0M | $47.0M |
| Debt / equity | 0.4x | 0.6x |
| Interest coverage | −9.6x | −10.0x |
| Current ratio | 1.2x | 1.1x |
| Quick ratio | 1.2x | 1.1x |
| Total assets | $174M | $203M |
| Total liabilities | $93.2M | $128M |
| Shareholders' equity | $81.3M | $74.9M |
| Net debt (− = net cash) | $17.5M | $26.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ |
| Return on assets rose | — | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ |
| Current ratio rose | — | ✕ |
| Share count didn't rise | — | ✕ |
| Gross margin rose | — | ✕ |
| Revenue rose relative to assets | — | ✓ |
| F-score | — / 3 | 3 / 9 |
| Accruals ratio | −23.1% | −33.8% |
| Altman Z'' | −1.65 | −2.95 |
2 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $150M | $187M |
| Gross profit | $17.3M | $18.6M |
| Operating income | −$18.2M | −$33.9M |
| Interest expense | $1.9M | $3.4M |
| Pretax income | −$17.4M | −$34.6M |
| Income tax | $6.5M | $4.4M |
| Net income | −$24.0M | −$39.0M |
| Net income to common | −$31.4M | −$41.4M |
| Diluted EPS | −$2.34 | −$2.37 |
| Diluted shares | 0.01B | 0.02B |
| Cash flow | ||
| Cash from operations | $16.4M | $24.8M |
| Capital expenditure | $0.1M | $0.0M |
| Free cash flow | $16.3M | $24.8M |
| Depreciation and amortization | $4.2M | $5.7M |
| Acquisitions | $19.8M | $21.1M |
| Dividends paid | $16.8M | $8.7M |
| Dividends and buybacks | $16.8M | $8.7M |
| Balance sheet | ||
| Cash and short-term investments | $14.5M | $20.4M |
| Total debt | $32.0M | $47.0M |
| Current assets | $45.7M | $58.6M |
| Current liabilities | $37.8M | $52.9M |
| Property and equipment, net | $0.8M | $0.6M |
| Goodwill | $64.3M | $57.0M |
| Intangible assets | $32.1M | $37.1M |
| Total assets | $174M | $203M |
| Total liabilities | $93.2M | $128M |
| Shareholders' equity | $81.3M | $74.9M |
| Margins | ||
| Gross margin | 11.5% | 10.0% |
| Operating margin | −12.1% | −18.2% |
| EBITDA margin | −9.3% | −15.1% |
| Net margin | −16.0% | −20.9% |
| FCF margin | 10.9% | 13.3% |
| Returns | ||
| Return on capital | −14.5% | −26.4% |
| Return on capital employed | −13.3% | −22.7% |
| Return on equity | −29.5% | −50.0% |
| Return on assets | −13.7% | −20.7% |
| Growth | ||
| Revenue growth | — | 24.7% |
| FCF growth | — | 51.5% |
| Share count change | — | 30.3% |
| Financial health | ||
| Debt / equity | 0.4x | 0.6x |
| Interest coverage | −9.6x | −10.0x |
| Current ratio | 1.2x | 1.1x |
| Quick ratio | 1.2x | 1.1x |
| Capital allocation | ||
| Capex / revenue | 0.0% | 0.0% |
| Payouts / FCF | 103.0% | 35.0% |
| Quality scores | ||
| Piotroski F-score | — | 3.0 |
| Altman Z'' | −1.7 | −3.0 |
| Accruals ratio | −23.1% | −33.8% |
Source: SEC EDGAR XBRL filings (CIK 0001903508). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.