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Nasdaq · Industrials

Public Policy Holding Company, Inc. (PPHC)

As-reported financials and SEC filings for Public Policy Holding Company, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Public Policy Holding Company, Inc.

Public Policy Holding Company, Inc. (PPHC) provides global strategic communications services through a portfolio of specialized firms. Its services include government relations consulting, corporate communications and public affairs consulting, and compliance and insights services, serving clients such as corporations and non-profits across various sectors worldwide. PPHC operates in multiple countries and supports over 1,400 clients, including nearly half of the Fortune 100.

Snapshot

Revenue
$186.5M
Revenue growth (YoY)
24.7%
Net income
$-39.0M
Diluted EPS
$-2.37
Gross margin
10.0%
Operating margin
-18.2%
Net margin
-20.9%
FCF margin
13.3%
ROE
-52.1%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$336.3M
Long-term debt / equity
0.51×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Public Policy Holding

  • Revenue grew 24.7% to $187M in FY2025.
  • Most recent quarter Q2 FY2026: revenue $52M, up 7.3% from Q2 FY2025.
  • Free cash flow was $25M in FY2025, 13.3% of revenue.
  • Net loss widened to $39M in FY2025, from $24M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Public Policy Holding’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin10.0%
13th percentile of 455
Operating margin-18.2%
10th percentile of 598
Net margin-20.9%
10th percentile of 630
FCF margin13.3%
80th percentile of 546
Revenue growth (YoY)+24.7%
86th percentile of 652
ROE-52.1%
9th percentile of 590
Long-term debt / equity0.51×
50th percentile of 403
Short interest1.25d
20th percentile of 661

Public Policy Holding’s return on equity of -52.1% ranks in the 9th percentile of the 590 Industrials companies reporting it. Public Policy Holding’s operating margin of -18.2% ranks in the 10th percentile of the 598 Industrials companies reporting it. Public Policy Holding’s net margin of -20.9% ranks in the 10th percentile of the 630 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 5 insider sales totaling $96,554. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 quant / multi-strat book among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+1 quant / multi-strat
Initiated / added
1
1 new, 0 added
Reduced / exited
2
0 trimmed, 2 exited
Combined position
$435,997
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$435,99758.8KNew

No longer held by: Citadel Advisors (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
5
$97K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-24
filed 2026-08-25
Keenan Nealean AustinDirectorSell2.0K$10.94$22K
2026-08-24
filed 2026-08-25
Thomas Edward GensemerChief Strategy OfficerSell1.8K$10.94$20K
2026-08-24
filed 2026-08-25
Roeland Jozef Bernard SmitsChief Financial OfficerSell1.8K$10.94$20K
2026-08-24
filed 2026-08-25
Neal Howard StrumChief Legal OfficerSell1.7K$10.94$19K
2026-08-24
filed 2026-08-25
Starzman Ronald J. Jr.InsiderSell1.5K$10.94$16K
2026-06-11
filed 2026-06-12
Johnson McCallum GreenChief Client OfficerSell2.3K$10.35$24K
2026-06-11
filed 2026-06-12
Neal Howard StrumChief Legal OfficerSell2.0K$10.35$21K
2026-06-11
filed 2026-06-12
Starzman Ronald J. Jr.InsiderSell1.5K$10.35$16K
2026-06-11
filed 2026-06-12
Keenan Nealean AustinDirectorSell1.3K$10.35$13K
2026-06-11
filed 2026-06-12
Thomas Edward GensemerChief Strategy OfficerSell1.1K$10.35$12K
2026-06-11
filed 2026-06-12
George Stewart HallChief Executive OfficerSell930$10.35$10K
2026-06-10
filed 2026-06-12
Johnson McCallum GreenChief Client OfficerSell859$10.19$9K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
545.4K
settled 2026-09-30
Change vs prior
+139.8%
vs previous settlement
Days to cover
1.25
at avg daily volume
Avg daily volume
437.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-30545.4K+139.8%1.25
2026-09-15227.5K+49.8%1.56
2026-08-31151.9K-20.7%1.38
2026-08-14191.6K+8.5%2.38
2026-07-31176.5K+10.5%1.73
2026-07-15159.7K-7.4%1.00
2026-06-30172.5K+11.7%1.55
2026-06-15154.5K-2.9%1.23

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024
Revenue$186.5M$149.6M
Gross profit
Operating income$-33.9M$-18.2M
Net income$-39.0M$-24.0M
Diluted EPS$-2.37$-2.34

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024
Cash and equivalents$20.4M$14.5M
Current assets$58.6M$45.7M
Total assets$202.6M$174.5M
Current liabilities$52.9M$37.8M
Long-term debt$37.9M$26.0M
Total liabilities$127.6M$93.2M
Total equity$74.9M$81.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024
Operating cash flow$24.8M$16.4M
Capital expenditure$11,000$56,000
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$52.1M7.3%$-3.7M$-0.19
Q1 FY2026$50.1M27.5%$-11.5M$-0.49
Q2 FY2025$48.6M—$-5.7M$-0.44
Q1 FY2025$39.3M—$-10.6M$-0.63

Latest 4 quarters, from company XBRL filings on SEC EDGAR. Revenue YoY is our calculation: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Management Consulting Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2022
SEC CIK1903508

Selected SEC filings

10-K/A2026-06-24
View on EDGAR →
10-K2026-03-31
View on EDGAR →
10-Q2026-08-11
View on EDGAR →
10-Q2026-05-14
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-07-01
View on EDGAR →
8-K2026-05-12
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.