Revenue
52.1 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 52143000 USD Source
Fundies. English
Public Policy Holding Company, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 186.5M, using the latest reported figures. The previous period, 2024, was about USD 149.6M.
Latest quarter
Operating margin
-7.45%
2026 Q2 · %
Operating cash flow
2.61 million USD
2026 Q2 · USD
Free cash flow
2.5 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 36.9 million USD Source
Exact value
36923000 USD
- Long-term debt including current maturities
- 42.2 million USD Source
Exact value
42153000 USD
- Shares outstanding
- 29.9 million shares Source
Exact value
29895289 shares
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-11.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 2 of 11 periods available· newest 2025-12-31
- Operating income: 2 of 11 periods available· newest 2025-12-31
- Net income: 2 of 11 periods available· newest 2025-12-31
- Operating cash flow: 2 of 11 periods available· newest 2025-12-31
- Capital expenditure: 2 of 11 periods available· newest 2025-12-31
- Total assets: 2 of 11 periods available· newest 2025-12-31
- Total liabilities: 2 of 11 periods available· newest 2025-12-31
- Current assets: 2 of 11 periods available· newest 2025-12-31
- Current liabilities: 2 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 2 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
- Shares outstanding: 2 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+24.7%Prior period
USD 149.56 million
–
Current period
USD 186.54 million
–
Exact inputs and evidence
186541000 − 149563000 = 36978000 USD
149563000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source186541000 USD · 2025-01-01 – 2025-12-31
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Net income
−USD 15.04 millionPrior period
−USD 23.96 million
–
Current period
−USD 39 million
–
Exact inputs and evidence
-39001000 − -23957000 = -15044000 USD
-23957000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-39001000 USD · 2025-01-01 – 2025-12-31
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Operating cash flow
+51%Prior period
USD 16.4 million
–
Current period
USD 24.77 million
–
Exact inputs and evidence
24770000 − 16403000 = 8367000 USD
16403000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source24770000 USD · 2025-01-01 – 2025-12-31
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Capital expenditure
-80.4%Prior period
USD 56,000
–
Current period
USD 11,000
–
Exact inputs and evidence
11000 − 56000 = -45000 USD
56000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source11000 USD · 2025-01-01 – 2025-12-31
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Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 186.54 million 100% of revenue
- Operating costs Derived USD 220.45 million 118% of revenue
- Operating income −USD 33.91 million −18% of revenue
- Tax, interest and other Derived USD 5.09 million 2.7% of revenue
- Net income −USD 39 million −21% of revenue
Cash
- Operating cash flow USD 24.77 million 13% of revenue
- Capital expenditure USD 11,000 0% of revenue
- Free cash flow Derived USD 24.76 million 13% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2024 Operating loss: operating costs were 112% of revenue.
- 2025 Operating loss: operating costs were 118% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2024 2024-01-01 – 2024-12-31 | 149563000 | 167716000 Derived | -18153000 | 5804000 Derived | -23957000 | 16347000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 186541000 | 220454000 Derived | -33913000 | 5088000 Derived | -39001000 | 24759000 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 186.5M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2024 | Revenue | 149563000 |
|
| 2025 | Revenue | 186541000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
24.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2024 | Year over year | No prior comparable period |
|
| 2025 | Year over year | 24.7% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -18.2% 2025
Net margin -20.9% 2025
Free cash flow margin 13.3% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2024 | Operating margin | -12.1% |
|
| 2025 | Operating margin | -18.2% |
|
| 2024 | Net margin | -16% |
|
| 2025 | Net margin | -20.9% |
|
| 2024 | Free cash flow margin | 10.9% |
|
| 2025 | Free cash flow margin | 13.3% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 24.8M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2024 | Operating cash flow | 16403000 |
|
| 2025 | Operating cash flow | 24770000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 24.8M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2024 | Free cash flow | 16347000 |
|
| 2025 | Free cash flow | 24759000 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
63% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2024 | Liabilities / assets | 53.4% |
|
| 2025 | Liabilities / assets | 63% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.11× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2024 | Current assets / current liabilities | 1.21× |
|
| 2025 | Current assets / current liabilities | 1.11× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2024 2024-01-01 – 2024-12-31 | −USD 23.96 million Exact valueExact value: -23957000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 16.4 million Exact valueExact value: 16403000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 56,000 Exact valueExact value: 56000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 16.35 million Calculation and evidence16403000 − 56000 USD Exact free cash flow: 16347000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | −USD 39 million Exact valueExact value: -39001000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 24.77 million Exact valueExact value: 24770000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 11,000 Exact valueExact value: 11000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 24.76 million Calculation and evidence24770000 − 11000 USD Exact free cash flow: 24759000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
5 filings · 460 latest values · 460 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001903508, 1903508, PPHC, edgar:1903508
Also known as Public Policy Holding Company, Inc.