# Public Policy Holding Company, Inc. (PPHC)

> Source: Nexqual · https://nexqual.com/PPHC · data as of 2026-10-29 19:19 UTC · cite as "Nexqual, Public Policy Holding Company, Inc. (PPHC), nexqual.com/PPHC" · informational, not investment advice.

**Price:** USD 10.17 (-0.39% today) · US market open, as of October 29, 2026 at 19:19 UTC; quotes may be delayed. Prev close 10.21 · day 9.95–10.5 · 52w 7.01–15.15 · market cap $307M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $190M, net income -$31.6M (-16.6% margin), free cash flow -$10.1M (SEC filings).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 17 (range 16–18).
- Total return with dividends: 1Y -7.4% vs S&P 500 +12.8%; 5Y -14.7% vs S&P 500 +78.7%.
- Next earnings: 2026-11-09, EPS estimate USD 0.33, revenue estimate $54.9M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2025 | TTM |
|---|---|---|---|
| Revenue | $150M | $187M | $190M |
| Gross profit | $17.3M | $18.6M | — |
| Operating income | -$18.2M | -$33.9M | -$22.9M |
| Net income | -$24.0M | -$39.0M | -$31.6M |
| EPS (diluted) | -$2.34 | -$2.37 | — |
| Free cash flow | $16.3M | $24.8M | -$10.1M |
| Gross margin | 11.5% | 10.0% | — |
| Operating margin | -12.1% | -18.2% | -12.0% |
| Net margin | -16.0% | -20.9% | -16.6% |
| Revenue growth | — | +24.7% | — |
| Cash + short-term investments | $14.5M | $20.4M | — |
| Total debt | $32.0M | $47.0M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.6x · EV/Sales 1.6x · P/B 2.8x · FCF yield -3.27% · Earnings yield -10.27% · Net debt $5.2M · EV $313M

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 17 (low 16, high 18).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-08 | Canaccord Genuity | Maintained | Buy | $18 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-01-28) | 5Y (from 2026-01-26) |
|---|---|---|
| Total return | -7.4% | -14.7% |
| S&P 500 (SPY) | +12.8% | +78.7% |
| Per year | — | — |
| Volatility (annualized) | 61.4% | 59.8% |
| Max drawdown | -49.9% (May 2026→Jun 2026) | -48.7% (Apr 2026→Jun 2026) |

## More
Full page: https://nexqual.com/PPHC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.33 | $0.32 | +1.6% | $54.9M | 2 |
| Next quarter (ends 2026-12-31) | $0.36 | $0.33 | +9.1% | $57.4M | 2 |
| Current fiscal year (ends 2026-12-31) | $1.26 | $1.20 | +4.7% | $214.6M | 3 |
| Next fiscal year (ends 2027-12-31) | $1.38 | $1.27 | +8.6% | $235.6M | 3 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.34 | $0.30 | Beat +13.3% | — |
| — | Quarter ended Dec 31, 2025 | $0.42 | $0.43 | Miss −2.3% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-11 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1903508/000162828026055678/0001628280-26-055678-index.htm |
| 2026-08-10 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1903508/000162828026055194/0001628280-26-055194-index.htm |
| 2026-08-03 | 8-K | Other material event — “On August 3, 2026, the Company issued a press release announcing the completion of the acquisition of The Advocacy Partners. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.” | https://www.sec.gov/Archives/edgar/data/1903508/000162828026051520/0001628280-26-051520-index.htm |
| 2026-07-01 | 8-K | Other material event — “On July 1, 2026, the Company issued a press release announcing the completion of the acquisition of Tancredi Intelligent Communication Ltd. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.” | https://www.sec.gov/Archives/edgar/data/1903508/000162828026046354/0001628280-26-046354-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.