{ "ok": true, "cik": "1903508", "ticker": "PPHC", "name": "Public Policy Holding Company, Inc.", "filings": [ { "form": "10-Q", "filed": "2026-08-11", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026055678/0001628280-26-055678-index.htm" }, { "form": "8-K", "filed": "2026-08-10", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026055194/0001628280-26-055194-index.htm" }, { "form": "8-K", "filed": "2026-08-03", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026051520/0001628280-26-051520-index.htm" }, { "form": "8-K", "filed": "2026-07-01", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026046354/0001628280-26-046354-index.htm" }, { "form": "10-Q", "filed": "2026-05-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026035076/0001628280-26-035076-index.htm" }, { "form": "8-K", "filed": "2026-05-12", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026034122/0001628280-26-034122-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-02-02", "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026004430/0001628280-26-004430-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001903508.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1903508" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Public Policy Holding Company, Inc. ($PPHC). Last filing: 10-Q, 2026-08-11. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 186541000, "revenueGrowth1y": 0.24724029338807063, "revenueGrowthPerYear": null, "yearsOfData": 2, "operatingMargin": -0.18179917551637442, "operatingMarginPrior": -0.12137360175979353, "netMargin": -0.209074680633212, "operatingCashFlow": 24770000, "capitalSpending": 11000, "freeCashFlow": 24759000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 20436000, "longTermDebt": 46988000, "longTermDebtChange": 0.46631299734748, "revenueHistory": [ { "fiscalYearEnd": "2024-12-31", "revenue": 149563000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 186541000 } ], "totalEquity": 74904000, "totalAssets": 202552000, "equityRatio": 0.36980133496583595, "returnOnEquity": -0.52067980348179, "dividendsPaid": 8656000, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -2.37, "sharesOutstanding": 17466665, "bookValuePerShare": 4.288397355763107, "revenuePerShare": 10.679829263342487, "range80": { "low": 183523352.99755153, "high": 294968188.2990566, "baseline": 232661451.56890407, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 183523352.99755153, "high": 294968188.2990566 } }, "edgarette": "🔖 Exposure: revenue $186.5M (FY2025), total debt $47.0M. Experience: revenue up 24.7% on the year; operating margin -18.2%, down from -12.1%. Soundness: equity 37.0% of assets, return on equity -52.1%. Credibility: 2 audited years, moderate weight. Range: 80% of past cases like this landed between $183.5M and $295.0M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (17 filers, $50M+ revenue, services-management consulting services): operating margin -18.2% against a 6.5% median; growth 24.7% against 4.2%.", "peers": { "sic": 8742, "sicDescription": "Services-Management Consulting Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "8742", "growth": [ 0.0421, 17 ], "opMargin": [ 0.0645, 17 ], "equityRatio": [ 0.4363, 17 ], "returnOnEquity": [ 0.0941, 16 ], "payoutRatio": [ 0.4492, 8 ] }, "summary": "Public Policy Holding Company (PPHC) grew revenue 24.7% in FY2025 to $187 million, operating margin -18.2% against a 6.5% median for services-management consulting services, equity 37.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Public Policy Holding Company, Inc. against its own record and its peers
Operating marginPeer median 6.5%-18.2%Revenue, on the yearPeer median 4.2%24.7%Equity of assetsPeer median 43.6%37.0%Return on equityPeer median 9.4%-52.1%Gold tick: the median of 16–17 peers with $50M+ revenue in services-management consulting services
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-27T20:37:10.218Z", "hash": "0a1af6f5fd776cde", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Public Policy Holding Company (PPHC) grew revenue 24.7% in FY2025 to $187 million, operating margin -18.2% against a 6.5% median for services-management consulting services, equity 37.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 186541000, "totalDebt": 46988000, "cash": 20436000 }, "experience": { "revenueGrowth1y": 0.24724029338807063, "revenueGrowthPerYear": null, "operatingMargin": -0.18179917551637442, "operatingMarginPrior": -0.12137360175979353, "netMargin": -0.209074680633212, "freeCashFlow": 24759000 }, "soundness": { "equityRatio": 0.36980133496583595, "returnOnEquity": -0.52067980348179, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 8742, "sicDescription": "Services-Management Consulting Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "8742", "growth": [ 0.0421, 17 ], "opMargin": [ 0.0645, 17 ], "equityRatio": [ 0.4363, 17 ], "returnOnEquity": [ 0.0941, 16 ], "payoutRatio": [ 0.4492, 8 ] }, "credibility": { "auditedYears": 2, "weight": "moderate", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-02-02", "url": "https://www.sec.gov/Archives/edgar/data/1903508/000162828026004430/0001628280-26-004430-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 183523352.99755153, "high": 294968188.2990566, "baseline": 232661451.56890407, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "credibility": null, "stress": null, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-27T20:37:10.218Z", "hash": "0a1af6f5fd776cde", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001903508.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1903508" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1328, "growth3y": 0.2472, "volatility": null, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.3698, "quadrant": null, "compass": null, "band": "$100M-1B", "cashPctInClass": 60, "growthPctInClass": 82, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 24770000, "investing": -21576000, "financing": 2550000, "capitalSpending": 11000, "free": 24759000, "trend": [ { "fiscalYearEnd": "2024-12-31", "operating": 16403000, "free": 16347000 }, { "fiscalYearEnd": "2025-12-31", "operating": 24770000, "free": 24759000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 20436000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 202552000, "ladder": null, "currentRatio": 1.11, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1328, "growth3y": 0.2472, "volatility": null, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.3698, "quadrant": null, "compass": null, "band": "$100M-1B", "cashPctInClass": 60, "growthPctInClass": 82, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 24770000, "investing": -21576000, "financing": 2550000, "capitalSpending": 11000, "free": 24759000, "trend": [ { "fiscalYearEnd": "2024-12-31", "operating": 16403000, "free": 16347000 }, { "fiscalYearEnd": "2025-12-31", "operating": 24770000, "free": 24759000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 20436000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 202552000, "ladder": null, "currentRatio": 1.11, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }