Public Policy Holding Co Inc (PPHC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PPHC SEC filings page.
Public Policy Holding Co Inc (PPHC) reported $186.5M in revenue for fiscal year 2025, up 24.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue expansion is being absorbed by rising operating costs, while positive cash flow masks accounting losses.
The business generated operating cash flow of$24.8M alongside a net loss of-$39.0M in FY2025, so reported profitability is a poor proxy for near-term cash generation; non-cash charges and/or working-capital movements are materially affecting the gap. Free cash flow nearly matched operating cash flow while capital expenditures were only$11K , indicating that cash generation currently requires little reinvestment.
The larger sales base came with gross-margin compression from
Debt-to-equity rose from 0.3x to 0.5x as liabilities grew faster than assets, shifting financing toward obligations. The current ratio slipped from 1.2x to 1.1x, leaving less short-term balance-sheet cushion even as operating cash flow improved.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Public Policy Holding Co Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Public Policy Holding Co Inc has an operating margin of -18.2%, meaning the company loses $18 on every $100 of revenue. This results in a profitability score of 33/100. This is down from -12.1% the prior year.
Public Policy Holding Co Inc's revenue surged 24.7% year-over-year to $186.5M, reflecting rapid business expansion. This strong growth earns a score of 86/100.
Public Policy Holding Co Inc has a moderate D/E ratio of 0.51. This balance of debt and equity financing earns a leverage score of 61/100.
Public Policy Holding Co Inc's current ratio of 1.11 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Public Policy Holding Co Inc converts 13.3% of revenue into free cash flow ($24.8M). This strong cash generation earns a score of 72/100.
Public Policy Holding Co Inc posts a -52.1% return on equity (ROE), meaning it loses $52 for every $100 of shareholders' equity. This results in a returns score of 31/100. This is down from -29.5% the prior year.
Public Policy Holding Co Inc scores 0.87, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($340.5M) relative to total liabilities ($127.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Public Policy Holding Co Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Public Policy Holding Co Inc reported a net loss of $39.0M while generating $24.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Public Policy Holding Co Inc reported an operating loss of $33.9M against $3.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Public Policy Holding Co Inc generated $52.1M in revenue in Q2 2026. This represents an increase of 7.3% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.
Public Policy Holding Co Inc's EBITDA was -$2.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 27.1% from the same quarter a year earlier. Against the prior quarter it is up 63.8%.
Public Policy Holding Co Inc reported -$3.7M in net income in Q2 2026. This represents an increase of 34.8% from the same quarter a year earlier. Against the prior quarter it is up 67.5%.
Public Policy Holding Co Inc earned -$0.19 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 61.2%.
Cash & Balance Sheet
Public Policy Holding Co Inc generated $2.5M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 69.7% from the same quarter a year earlier. Against the prior quarter it is up 120.5%.
Public Policy Holding Co Inc held $36.9M in cash against $32.3M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Public Policy Holding Co Inc's gross margin was 21.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.5 percentage points.
Public Policy Holding Co Inc's operating margin was -7.4% in Q2 2026, reflecting core business profitability. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.9 percentage points.
Public Policy Holding Co Inc's net profit margin was -7.2% in Q2 2026, showing the share of revenue converted to profit. This is up 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.8 percentage points.
Public Policy Holding Co Inc's ROE was -3.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.2 percentage points.
Capital Allocation
Public Policy Holding Co Inc invested $111K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 19.4% from the same quarter a year earlier. Against the prior quarter it is down 78.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
PPHC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|
| Revenue | $52.1M+7.3% | $50.1M+27.5% | N/A | $48.6M | $39.3M | N/A |
| Cost of Revenue | $40.8M+0.5% | $41.0M+15.9% | N/A | $40.6M | $35.4M | N/A |
| Gross Profit | $11.4M+42.0% | $9.2M+131.5% | N/A | $8.0M | $4.0M | N/A |
| SG&A Expenses | $12.1M+26.6% | $9.3M+24.0% | N/A | $9.5M | $7.5M | N/A |
| Operating Income | -$3.9M+20.6% | -$8.2M-38.7% | N/A | -$4.9M | -$5.9M | N/A |
| EBITDA | -$2.4M+27.1% | -$6.7M-41.9% | N/A | -$3.3M | -$4.7M | N/A |
| Interest Expense | $725K-16.2% | $801K+26.1% | N/A | $865K | $635K | N/A |
| Income Tax | $352K+1566.7% | $2.7M-33.4% | N/A | -$24K | $4.1M | N/A |
| Net Income | -$3.7M+34.8% | -$11.5M-8.3% | N/A | -$5.7M | -$10.6M | N/A |
| EPS (Basic) | -$0.19+56.8% | -$0.49+22.2% | N/A | -$0.44 | -$0.63 | N/A |
| EPS (Diluted) | -$0.19 | -$0.49+22.2% | N/A | -$0.44 | -$0.63 | N/A |
| Diluted Shares (Avg) | 25M | 23M+37.8% | N/A | 17M | 17M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
PPHC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|
| Total Assets | $240.8M | $242.5M | $202.6M+16.1% | N/A | N/A | $174.5M |
| Current Assets | $79.9M | $88.5M | $58.6M+28.2% | N/A | N/A | $45.7M |
| Cash & Equivalents | $36.9M+277.1% | $42.9M+349.2% | $20.4M+40.6% | $9.8M | $9.5M | $14.5M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $57.2M | $56.8M | $57.0M-11.4% | N/A | N/A | $64.3M |
| Total Liabilities | $129.8M | $133.6M | $127.6M+37.0% | N/A | N/A | $93.2M |
| Current Liabilities | $49.8M | $51.9M | $52.9M+39.7% | N/A | N/A | $37.8M |
| Non-Current Liabilities | $80.0M | $81.7M | $74.8M+35.1% | N/A | N/A | $55.4M |
| Long-Term Debt | $32.3M | $34.1M | $37.9M+45.7% | N/A | N/A | $26.0M |
| Total Equity | $110.9M+36.9% | $108.9M+36.0% | $74.9M-7.8% | $81.0M | $80.1M | $81.3M |
| Retained Earnings | -$185.7M | -$174.9M | -$163.4M-41.2% | N/A | N/A | -$115.7M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
PPHC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.6M-68.7% | -$11.7M-35.2% | N/A | $8.3M | -$8.6M | N/A |
| Depreciation & Amortization | $1.5M-7.0% | $1.5M+26.4% | N/A | $1.6M | $1.2M | N/A |
| Capital Expenditures | $111K+19.4% | $521K | N/A | $93K | $0 | N/A |
| Free Cash Flow | $2.5M-69.7% | -$12.2M-41.2% | N/A | $8.3M | -$8.6M | N/A |
| Investing Cash Flow | $1.6M+1807.5% | -$2.4M+86.9% | N/A | -$93K | -$18.5M | N/A |
| Financing Cash Flow | -$10.1M-26.9% | $36.6M+65.6% | N/A | -$8.0M | $22.1M | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
PPHC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|
| Gross Margin | 21.8%+5.3pp | 18.3%+8.2pp | N/A | 16.4% | 10.1% | N/A |
| Operating Margin | -7.4%+2.6pp | -16.3%-1.3pp | N/A | -10.1% | -15.0% | N/A |
| Net Margin | -7.2%+4.6pp | -22.9%+4.1pp | N/A | -11.8% | -27.0% | N/A |
| Return on Equity | -3.4%+3.7pp | -10.6%+2.7pp | N/A | -7.1% | -13.3% | N/A |
| Return on Assets | -1.6% | -4.7% | N/A | N/A | N/A | N/A |
| Current Ratio | 1.60 | 1.70 | 1.11-0.1x | N/A | N/A | 1.21 |
| Debt-to-Equity | 0.29 | 0.31 | 0.51+0.2x | N/A | N/A | 0.32 |
| Asset Turnover | 0.22 | 0.21 | N/A | N/A | N/A | N/A |
| FCF Margin | 4.8%-12.2pp | -24.3%-2.4pp | N/A | 17.0% | -21.9% | N/A |
Where Public Policy Holding Co Inc Ranks
Frequently Asked Questions
What is Public Policy Holding Co Inc's annual revenue?
Public Policy Holding Co Inc (PPHC) reported $186.5M in total revenue for fiscal year 2025. This represents a 24.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Public Policy Holding Co Inc's revenue growing?
Public Policy Holding Co Inc (PPHC) revenue grew by 24.7% year-over-year, from $149.6M to $186.5M in fiscal year 2025.
Is Public Policy Holding Co Inc profitable?
No, Public Policy Holding Co Inc (PPHC) reported a net income of -$39.0M in fiscal year 2025, with a net profit margin of -20.9%.
What is Public Policy Holding Co Inc's EBITDA?
Public Policy Holding Co Inc (PPHC) had EBITDA of -$28.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Public Policy Holding Co Inc have?
As of fiscal year 2025, Public Policy Holding Co Inc (PPHC) had $20.4M in cash and equivalents against $37.9M in long-term debt.
What is Public Policy Holding Co Inc's gross margin?
Public Policy Holding Co Inc (PPHC) had a gross margin of 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Public Policy Holding Co Inc's operating margin?
Public Policy Holding Co Inc (PPHC) had an operating margin of -18.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Public Policy Holding Co Inc's net profit margin?
Public Policy Holding Co Inc (PPHC) had a net profit margin of -20.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Public Policy Holding Co Inc's return on equity (ROE)?
Public Policy Holding Co Inc (PPHC) has a return on equity of -52.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Public Policy Holding Co Inc's free cash flow?
Public Policy Holding Co Inc (PPHC) generated $24.8M in free cash flow during fiscal year 2025. This represents a 51.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Public Policy Holding Co Inc's operating cash flow?
Public Policy Holding Co Inc (PPHC) generated $24.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Public Policy Holding Co Inc's total assets?
Public Policy Holding Co Inc (PPHC) had $202.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Public Policy Holding Co Inc's capital expenditures?
Public Policy Holding Co Inc (PPHC) invested $11K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Public Policy Holding Co Inc's current ratio?
Public Policy Holding Co Inc (PPHC) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
What is Public Policy Holding Co Inc's debt-to-equity ratio?
Public Policy Holding Co Inc (PPHC) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Public Policy Holding Co Inc's return on assets (ROA)?
Public Policy Holding Co Inc (PPHC) had a return on assets of -19.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Public Policy Holding Co Inc's P/E ratio?
Public Policy Holding Co Inc (PPHC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $340.5M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Public Policy Holding Co Inc's price-to-sales ratio?
Public Policy Holding Co Inc (PPHC) trades at 1.8x sales, its market capitalization divided by revenue of $186.5M revenue, FY2025. The market capitalization is $340.5M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Public Policy Holding Co Inc's Altman Z-Score?
Public Policy Holding Co Inc (PPHC) has an Altman Z-Score of 0.87, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Public Policy Holding Co Inc's Piotroski F-Score?
Public Policy Holding Co Inc (PPHC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Public Policy Holding Co Inc's earnings high quality?
Public Policy Holding Co Inc (PPHC) reported a net loss of $39.0M while generating $24.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Public Policy Holding Co Inc cover its interest payments?
Public Policy Holding Co Inc (PPHC) reported an operating loss of $33.9M against $3.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Public Policy Holding Co Inc?
Public Policy Holding Co Inc (PPHC) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.