---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-020491"
form_type: "8-K"
ticker: "PPHC"
cik: "0001903508"
company_name: "Public Policy Holding Company, Inc."
filed_at: "2026-03-23T23:59:59+00:00"
generated_at: "2026-05-15T09:24:43.134415+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PPHC FY2025 revenue $186.5M, Adj EBITDA $45.4M, GAAP net loss $39.0M

## Summary
- Revenue $186.5M (+24.7% YoY); organic revenue growth 6.2%.
- Adjusted EBITDA $45.4M (24.3% margin), up 17.7% from $38.6M.
- GAAP net loss $39.0M ($2.37 per share) vs $24.0M loss in 2024.
- Final dividend $0.240/sh; total FY2025 $0.355, down 24.5% from $0.470.
- Net debt $26.6M; completed $45.8M IPO and dual-listing on Nasdaq in Jan 2026.

## SEC filing metadata
- accession: 0001628280-26-020491
- form_type: 8-K
- ticker: PPHC
- cik: 0001903508
- company_name: Public Policy Holding Company, Inc.
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1903508/000162828026020491/0001628280-26-020491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1903508/000162828026020491/pphc-20260323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-020491
- JSON: https://secwatch.observer/filing/0001628280-26-020491.json
- Plain text: https://secwatch.observer/filing/0001628280-26-020491.txt

## Key facts
- Earnings Releases
  Public Policy Holding Company, Inc. reported Q4 2025 results: revenue $49.9 million, net income GAAP Net Loss of $(15.2) million, EPS GAAP Basic and diluted loss per share of $(0.86).
  - Period: Q4 2025
  - Revenue: $49.9 million
  - Net income: GAAP Net Loss of $(15.2) million
  - EPS: GAAP Basic and diluted loss per share of $(0.86)
  - Result: reported results
  source text: Q4 revenue increased 27.8% over the prior period to $49.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1903508/000162828026020491/0001628280-26-020491-index.htm
- Earnings Releases
  Public Policy Holding Company, Inc. reported the year ended December 31, 2025 results: revenue $186.5 million, net income GAAP Net Loss of $(39.0) million, EPS GAAP Basic and diluted loss per share of $(2.37).
  - Period: the year ended December 31, 2025
  - Revenue: $186.5 million
  - Net income: GAAP Net Loss of $(39.0) million
  - EPS: GAAP Basic and diluted loss per share of $(2.37)
  - Result: reported results
  source text: filing. --- EX-99.1 (EX-99.1) --- Public Policy Holding Company, Inc. Announces Full Year 2025 Financial Results Revenue Growth Driving Group to Record EBITDA • Revenue of $186.5 million with organic revenue growth of 6.2% • Record Adjusted EBITDA of $45.4 million, up 17.7% year over year, achieved at a margin of 24.3% • Successfully completed our $45.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1903508/000162828026020491/0001628280-26-020491-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.