Income Statement Public Policy Holding Company, Inc.

Equities

PPHC

US7444302084

Advertising & Marketing

Delayed London S.E. Other stock markets 02:59:59 2026-05-21 am EDT			5-day change	1st Jan Change
820.00 ^GBX	0.00%		-7.87%	-22.64%

May. 14	Public Policy Holding Company, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
May. 13	EARNINGS AND TRADING: Afentra goes it alone; Vertu revenue edges up	AN

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Published financial data: PUBLIC POLICY HOLDING COMPANY, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	99.34M	109M	135M	150M	187M
Total Revenues	99.34M	109M	135M	150M	187M
Cost of Goods Sold, Total	81.59M	63.26M	83.96M	92.2M	168M
Gross Profit	17.75M	45.55M	51.03M	57.36M	18.65M
Selling General & Admin Expenses, Total	11.83M	14.37M	15.96M	21.24M	31.79M
Stock-Based Compensation (IS)	27.61M	33.71M	35.23M	38.47M	-
Depreciation & Amortization - (IS)	2.01M	2.23M	4M	4.81M	5.68M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	41.46M	50.3M	55.18M	64.52M	37.47M
Operating Income	-23.71M	-4.75M	-4.16M	-7.15M	-18.82M
Interest Expense, Total	-51.52K	-16.87K	-959K	-1.9M	-3.4M
Interest And Investment Income	-	-	17.96K	177K	81K
Net Interest Expenses	-51.52K	-16.87K	-941K	-1.72M	-3.32M
Other Non Operating Income (Expenses)	-	-2.44M	-4.77M	-9.09M	589K
EBT, Excl. Unusual Items	-23.76M	-7.21M	-9.87M	-17.97M	-21.55M
Merger & Related Restructuring Charges	-	-	-	-	-837K
Impairment of Goodwill	-	-	4.84M	-	-6.22M
Asset Writedown	-	-	-	-	-2.89M
Other Unusual Items	-	-	-1.71M	554K	-3.1M
EBT, Incl. Unusual Items	-23.76M	-7.21M	-6.74M	-17.41M	-34.6M
Income Tax Expense	495K	7.8M	7.5M	6.54M	4.4M
Earnings From Continuing Operations	-24.26M	-15.01M	-14.24M	-23.96M	-39M
Net Income to Company	-24.26M	-15.01M	-14.24M	-23.96M	-39M
Net Income - (IS)	-24.26M	-15.01M	-14.24M	-23.96M	-39M
Preferred Dividend and Other Adjustments	-	-	-	-	2.43M
Net Income to Common Incl Extra Items	-24.26M	-15.01M	-14.24M	-23.96M	-41.43M
Net Income to Common Excl. Extra Items	-24.26M	-15.01M	-14.24M	-23.96M	-41.43M
Per Share Items
Net EPS - Basic	-1.21	-0.69	-0.66	-1.07	-2.37
Basic EPS - Continuing Operations	-1.21	-0.69	-0.66	-1.07	-2.37
Basic Weighted Average Shares Outstanding	20.07M	21.63M	21.72M	22.37M	17.47M
Net EPS - Diluted	-1.21	-0.69	-0.66	-1.07	-2.37
Diluted EPS - Continuing Operations	-1.21	-0.69	-0.66	-1.07	-2.37
Diluted Weighted Average Shares Outstanding	20.07M	21.63M	21.72M	22.37M	17.47M
Normalized Basic EPS	-0.74	-0.21	-0.28	-0.5	-0.77
Normalized Diluted EPS	-0.74	-0.21	-0.28	-0.5	-0.77
Dividend Per Share	0.03	0.7	0.72	0.47	0.36
Payout Ratio	-1.83	-37.13	-111.23	-70.28	-22.19
Supplemental Items
EBITDA	-21.7M	-2.52M	-161K	-2.35M	-12.58M
EBITA	-21.82M	-2.62M	-281K	-2.48M	-12.77M
EBIT	-23.71M	-4.75M	-4.16M	-7.15M	-18.82M
EBITDAR	-18.1M	1.36M	4.75M	8.21M	-7.18M
Effective Tax Rate - (Ratio)	-2.08	-108.13	-111.29	-37.59	-12.71
Current Domestic Taxes	522K	8.39M	8.14M	7.84M	7.78M
Current Foreign Taxes	-	-	-	-	-757K
Total Current Taxes	522K	8.39M	8.14M	7.84M	7.02M
Deferred Domestic Taxes	-27.8K	-590K	-633K	-1.47M	-3.18M
Deferred Foreign Taxes	-	-	-	174K	554K
Total Deferred Taxes	-27.8K	-590K	-633K	-1.29M	-2.62M
Normalized Net Income	-14.85M	-4.51M	-6.17M	-11.23M	-13.47M
Interest on Long-Term Debt	51.52K	17K	16K	-	-
Supplemental Operating Expense Items
Marketing Expenses	102K	182K	216K	534K	-
General and Administrative Expenses	8.18M	10.43M	10.93M	15.66M	-
Net Rental Expense, Total	3.6M	3.88M	4.92M	10.56M	5.41M
Imputed Operating Lease Interest Expense	76.6K	27.69K	1.38M	3.59M	2.41M
Imputed Operating Lease Depreciation	3.52M	3.85M	3.54M	6.97M	3M
Stock-Based Comp., COGS (Total)	-	-	-	-	32.7M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	4.01M
Stock-Based Comp., Other (Total)	27.61M	33.71M	35.23M	38.47M	-
Total Stock-Based Compensation	27.61M	33.71M	35.23M	38.47M	36.71M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	18.04M	21.2M	14.34M	14.54M	20.44M
Total Cash And Short Term Investments	18.04M	21.2M	14.34M	14.54M	20.44M
Accounts Receivable, Total	8.21M	11.59M	14.06M	18.28M	21.85M
Other Receivables	-	565K	2.03M	3.19M	2.33M
Notes Receivable	264K	-	350K	863K	750K
Total Receivables	8.48M	12.15M	16.44M	22.33M	24.94M
Prepaid Expenses	491K	1.41M	2.69M	2.73M	4.1M
Other Current Assets, Total	-	442K	3.43M	6.07M	9.08M
Total Current Assets	27M	35.21M	36.9M	45.66M	58.55M
Net Property Plant And Equipment	16.7M	16.93M	22.24M	19.18M	19.43M
Goodwill	44.89M	47.91M	47.91M	64.31M	56.99M
Other Intangibles, Total	12.88M	18.58M	26.87M	32.14M	37.11M
Loans Receivable Long-Term	-	513K	1.91M	1.05M	900K
Deferred Tax Assets Long-Term	-	2.28M	7.74M	11.04M	24.6M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	554K	634K	4.12M	1.08M	4.97M
Total Assets	102M	122M	148M	174M	203M
Liabilities
Accounts Payable, Total	8.33M	1.2M	4.35M	4.75M	6.25M
Accrued Expenses, Total	-	11.14M	14.24M	15.29M	20.01M
Current Portion of Long-Term Debt	20.66K	20.66K	3.37M	6.03M	9.08M
Current Portion of Leases	3.37M	3.91M	4.18M	4.83M	5.07M
Current Income Taxes Payable	522K	4.15M	-	-	-
Unearned Revenue Current, Total	1.94M	2.86M	2.2M	3.15M	3.31M
Other Current Liabilities	6.7M	4.88M	1.98M	3.78M	9.14M
Total Current Liabilities	20.89M	28.15M	30.32M	37.84M	52.86M
Long-Term Debt	216K	190K	7.57M	26.01M	37.91M
Long-Term Leases	15.26M	14.82M	20.67M	16.81M	16.47M
Deferred Tax Liability Non Current	2.91M	-	-	-	-
Other Non Current Liabilities	-	2.9M	7.06M	12.55M	20.42M
Total Liabilities	39.28M	46.06M	65.62M	93.21M	128M
Common Stock, Total	108K	108K	110K	114K	24K
Additional Paid In Capital	86.89M	121M	157M	197M	237M
Retained Earnings	-24.26M	-44.84M	-74.93M	-116M	-163M
Comprehensive Income and Other	-	-	-	-536K	1.19M
Total Common Equity	62.75M	75.99M	82.07M	81.25M	74.9M
Total Equity	62.75M	75.99M	82.07M	81.25M	74.9M
Total Liabilities And Equity	102M	122M	148M	174M	203M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	21.65M	21.6M	23.05M	24.02M	28.93M
ECS Total Common Shares Outstanding	21.65M	21.6M	23.05M	24.02M	25.17M
Book Value / Share	2.9	3.52	3.56	3.38	2.98
Tangible Book Value	4.97M	9.5M	7.29M	-15.2M	-19.2M
Tangible Book Value Per Share	0.23	0.44	0.32	-0.63	-0.76
Total Debt	18.87M	18.93M	35.79M	53.68M	68.53M
Net Debt	839K	-2.27M	21.45M	39.14M	48.09M
Debt Equivalent Oper. Leases	28.81M	31.04M	39.33M	84.48M	43.25M
Account Code - Inventory Valuation	3	-	3	3	3
Full Time Employees	187	244	333	367	450
Accumulated Allowance for Doubtful Accounts (Supple)	-	595K	794K	1.1M	2.49M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-24.26M	-15.01M	-14.24M	-23.96M	-39M
Depreciation & Amortization - CF	3.07M	3.22M	3.85M	4.21M	5.66M
Amortization of Goodwill and Intangible Assets - (CF)	1.88M	2.13M	3.88M	4.67M	6.05M
Depreciation & Amortization, Total	4.96M	5.34M	7.72M	8.88M	11.7M
Amortization of Deferred Charges, Total - (CF)	-	-	125K	182K	236K
Asset Writedown & Restructuring Costs	-	-	-	-	9.11M
Stock-Based Compensation (CF)	27.61M	33.71M	35.08M	38.76M	36.71M
Provision and Write-off of Bad Debts	-	-	-	-	2.35M
Other Operating Activities, Total	-27.8K	-406K	-411K	6.96M	21.19M
Change In Accounts Receivable	-3.27M	-3.94M	-2.48M	-3.12M	-5.06M
Change In Accounts Payable	2.55M	3.81M	6.11M	-2.05M	6.32M
Change in Unearned Revenues	1.88M	683K	-5.35M	959K	149K
Change In Income Taxes	522K	3.63M	-5.19M	-2.22M	1.15M
Change in Other Net Operating Assets	-5.32M	-7.14M	229K	-7.98M	-20.1M
Cash from Operations	4.64M	20.68M	21.6M	16.4M	24.77M
Capital Expenditure	-36.63K	-	-233K	-55.85K	-11K
Cash Acquisitions	-	-11.91M	-17.6M	-19.78M	-21.06M
Other Investing Activities, Total	-	-	-5.39M	350K	-500K
Cash from Investing	-36.63K	-11.91M	-23.23M	-19.49M	-21.58M
Short Term Debt Issued, Total	-	-	1M	-	-
Long-Term Debt Issued, Total	-	-	14M	25M	24M
Total Debt Issued	-	-	15M	25M	24M
Short Term Debt Repaid, Total	-	-	-1M	-	-
Long-Term Debt Repaid, Total	-1.38M	-26.07K	-2.94M	-3.86M	-9.16M
Total Debt Repaid	-1.38M	-26.07K	-3.94M	-3.86M	-9.16M
Issuance of Common Stock	13.76M	-	-	-	-
Common Dividends Paid	-444K	-5.57M	-15.84M	-16.84M	-8.66M
Common & Preferred Stock Dividends Paid	-444K	-5.57M	-15.84M	-16.84M	-8.66M
Other Financing Activities, Total	-4.64M	-	-451K	-965K	-3.63M
Cash from Financing	7.29M	-5.6M	-5.24M	3.34M	2.55M
Foreign Exchange Rate Adjustments	-	-	-	-55.02K	156K
Net Change in Cash	11.89M	3.17M	-6.86M	195K	5.9M
Supplemental Items
Cash Interest Paid	51.52K	16.87K	834K	1.72M	3.16M
Cash Income Tax Paid (Refund)	-	4.77M	12.43M	10.05M	5.94M
Levered Free Cash Flow	21.25M	37.77M	29.63M	37.46M	39.49M
Unlevered Free Cash Flow	21.29M	37.78M	30.1M	38.47M	41.38M
Change In Net Working Capital	-3.58M	-1.7M	10.02M	4.36M	-4.74M
Net Debt Issued / Repaid	-1.38M	-26.07K	11.06M	21.14M	14.84M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-15.38	-2.65	-1.93	-2.78	-6.24
Return on Total Capital	-18.5	-3.37	-2.44	-3.54	-8.45
Return On Equity %	-39.95	-21.64	-18.02	-29.34	-49.95
Return on Common Equity	-39.95	-21.64	-18.02	-29.34	-53.06
Margin Analysis
Gross Profit Margin %	17.87	41.86	37.8	38.35	10
SG&A Margin	11.91	13.2	11.82	14.2	17.04
EBITDA Margin %	-21.84	-2.32	-0.12	-1.57	-6.74
EBITA Margin %	-21.97	-2.41	-0.21	-1.66	-6.85
EBIT Margin %	-23.87	-4.37	-3.08	-4.78	-10.09
Income From Continuing Operations Margin %	-24.42	-13.79	-10.55	-16.02	-20.91
Net Income Margin %	-24.42	-13.79	-10.55	-16.02	-20.91
Net Avail. For Common Margin %	-24.42	-13.79	-10.55	-16.02	-22.21
Normalized Net Income Margin	-14.95	-4.14	-4.57	-7.51	-7.22
Levered Free Cash Flow Margin	21.4	34.71	21.95	25.05	21.17
Unlevered Free Cash Flow Margin	21.43	34.72	22.3	25.72	22.18
Asset Turnover
Asset Turnover	1.03	0.97	1	0.93	0.99
Fixed Assets Turnover	5.95	6.47	6.89	7.22	9.66
Receivables Turnover (Average Receivables)	13.39	11.05	10.53	9.25	9.3
Short Term Liquidity
Current Ratio	1.29	1.25	1.22	1.21	1.11
Quick Ratio	1.26	1.18	1	0.95	0.84
Operating Cash Flow to Current Liabilities	0.22	0.73	0.71	0.43	0.47
Days Sales Outstanding (Average Receivables)	27.26	33.03	34.68	39.58	39.27
Average Days Payable Outstanding	32.1	10.55	12.06	18.07	11.96
Long Term Solvency
Total Debt/Equity	30.08	24.92	43.61	66.06	91.49
Total Debt / Total Capital	23.12	19.95	30.37	39.78	47.78
LT Debt/Equity	24.67	19.75	34.41	52.7	72.59
Long-Term Debt / Total Capital	18.96	15.81	23.96	31.74	37.91
Total Liabilities / Total Assets	38.5	37.74	44.43	53.43	63.02
EBIT / Interest Expense	-460.2	-281.7	-4.34	-3.76	-5.53
EBITDA / Interest Expense	-351.24	80.36	4.96	4.32	-2.11
(EBITDA - Capex) / Interest Expense	-351.96	80.36	4.72	4.29	-2.11
Total Debt / EBITDA	-1.04	13.96	7.53	6.54	-9.55
Net Debt / EBITDA	-0.05	-1.67	4.51	4.77	-6.7
Total Debt / (EBITDA - Capex)	-1.04	13.96	7.91	6.58	-9.53
Net Debt / (EBITDA - Capex)	-0.05	-1.67	4.74	4.8	-6.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	28.2	9.54	24.05	10.8	24.72
Gross Profit, 1 Yr. Growth %	64.2	156.67	14.11	12.42	7.96
EBITDA, 1 Yr. Growth %	-2.61K	-88.37	-93.91	1.36K	39.77
EBITA, 1 Yr. Growth %	-2.99K	-87.98	-89.77	784.1	39.79
EBIT, 1 Yr. Growth %	2K	-79.95	-14.71	71.99	36.29
Earnings From Cont. Operations, 1 Yr. Growth %	1.97K	-38.12	-5.09	68.19	62.8
Net Income, 1 Yr. Growth %	1.97K	-38.12	-5.09	68.19	62.8
Normalized Net Income, 1 Yr. Growth %	1.92K	-69.65	36.82	82.1	38.76
Diluted EPS Before Extra, 1 Yr. Growth %	-	-42.59	-5.5	63.34	1.44
Accounts Receivable, 1 Yr. Growth %	24.03	42.86	21.39	30.01	19.5
Net Property, Plant and Equip., 1 Yr. Growth %	0.14	1.39	31.35	-13.75	1.29
Total Assets, 1 Yr. Growth %	12.45	19.62	21.01	18.13	16.1
Tangible Book Value, 1 Yr. Growth %	-605.93	90.99	-23.27	-308.48	26.33
Common Equity, 1 Yr. Growth %	6.94	21.1	8.01	-0.99	-7.82
Cash From Operations, 1 Yr. Growth %	-20.48	345.81	4.47	60.26	51.01
Capital Expenditures, 1 Yr. Growth %	53.2	-	-	-76	-80.36
Levered Free Cash Flow, 1 Yr. Growth %	141.99	77.71	-21.62	26.44	28.23
Unlevered Free Cash Flow, 1 Yr. Growth %	141.58	77.49	-20.39	27.79	30.12
Dividend Per Share, 1 Yr. Growth %	-	2.05K	2.14	-34.27	-24.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	33.74	18.51	16.57	17.24	17.56
Gross Profit, 2 Yr. CAGR %	39.13	105.3	69.56	13.26	-39.55
EBITDA, 2 Yr. CAGR %	425.48	70.71	-91.38	-5.87	783.87
EBITA, 2 Yr. CAGR %	395.02	86.3	-88.65	-4.96	574.54
EBIT, 2 Yr. CAGR %	301.01	105.21	-58.12	21.11	112.72
Earnings From Cont. Operations, 2 Yr. CAGR %	300.15	257.58	-23.37	26.34	65.47
Net Income, 2 Yr. CAGR %	300.15	257.58	-23.37	26.34	65.47
Normalized Net Income, 2 Yr. CAGR %	296.05	147.86	-35.56	57.84	47.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-26.34	24.24	90.18
Accounts Receivable, 2 Yr. CAGR %	16.74	32.26	31.69	25.63	24.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.2	0.76	15.4	6.44	-6.53
Total Assets, 2 Yr. CAGR %	37.19	15.98	20.31	19.56	17.11
Tangible Book Value, 2 Yr. CAGR %	75.4	210.85	21.06	26.48	62.29
Common Equity, 2 Yr. CAGR %	50.45	13.8	14.37	3.41	-4.46
Cash From Operations, 2 Yr. CAGR %	135.31	88.28	115.81	-10.94	55.57
Capital Expenditures, 2 Yr. CAGR %	-6.47	-	152.06	-	-78.26
Levered Free Cash Flow, 2 Yr. CAGR %	171.78	107.37	18.07	-0.45	15.44
Unlevered Free Cash Flow, 2 Yr. CAGR %	170.8	107.07	18.92	0.86	17.24
Dividend Per Share, 2 Yr. CAGR %	-	-	369.04	-18.06	-29.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	43.25	25.13	20.33	14.61	19.68
Gross Profit, 3 Yr. CAGR %	52.16	70.64	67.76	47.86	-25.29
EBITDA, 3 Yr. CAGR %	318.28	47.55	-42.89	-52.36	68.12
EBITA, 3 Yr. CAGR %	301.84	43.36	-28.1	-51.55	66.89
EBIT, 3 Yr. CAGR %	212.87	47.73	54.46	-32.93	56.85
Earnings From Cont. Operations, 3 Yr. CAGR %	210.54	114.78	129.8	-0.41	37.48
Net Income, 3 Yr. CAGR %	210.54	114.78	129.8	-0.41	37.48
Normalized Net Income, 3 Yr. CAGR %	208.41	68.22	103.32	-8.9	44.04
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-3.95	50.63
Accounts Receivable, 3 Yr. CAGR %	34.64	24.34	28.54	31.13	23.55
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.68	0.33	10.07	4.73	4.7
Total Assets, 3 Yr. CAGR %	31.3	31.06	17.63	19.58	18.4
Tangible Book Value, 3 Yr. CAGR %	578.75	80.45	94.99	45.1	26.43
Common Equity, 3 Yr. CAGR %	43.56	39.95	11.84	9	-0.48
Cash From Operations, 3 Yr. CAGR %	131.5	191.17	54.72	52.35	6.2
Capital Expenditures, 3 Yr. CAGR %	-61.24	-	113.51	15.1	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	135.9	49.98	20.8	1.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	135.23	50.61	21.81	3.05
Dividend Per Share, 3 Yr. CAGR %	-	-	-	143.63	-20.25
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	31.91	21.91	19.21
Gross Profit, 5 Yr. CAGR %	-	-	58.9	44.3	11.52
EBITDA, 5 Yr. CAGR %	-	-	-11.46	24.45	70.78
EBITA, 5 Yr. CAGR %	-	-	-3.53	22.75	76.01
EBIT, 5 Yr. CAGR %	-	-	39.97	37.14	75.55
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	77.43	73.71	101.51
Net Income, 5 Yr. CAGR %	-	-	77.43	73.71	101.51
Normalized Net Income, 5 Yr. CAGR %	-	-	64.87	63.99	78.97
Accounts Receivable, 5 Yr. CAGR %	-	-	33.11	24.85	26.97
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	3.54	2.73	3.1
Total Assets, 5 Yr. CAGR %	-	-	26.79	26.33	17.42
Tangible Book Value, 5 Yr. CAGR %	-	-	240.58	56.54	81.19
Common Equity, 5 Yr. CAGR %	-	-	31.08	24	5.01
Cash From Operations, 5 Yr. CAGR %	-	-	125.09	81.29	33.54
Capital Expenditures, 5 Yr. CAGR %	-	-	-18.04	5.93	-14.38
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	67.08	35.07
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	67.67	36.25