Overview
Compare with The RMR Group, Mastech Digital or Information Services Group Inc., or pick any stock.
- TickerPPHC on Nasdaq2
- IndustryServices-Management Consulting Services2
- HeadquartersWashington, D.C., United States2
- Incorporated inDE3
- Business address800 North Capitol St Nw, Ste 800, Washington, Dc 200023
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
- Legal formCorporation2
- LEI2138008Z7B1IXVVJAZ792
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 49926512
See how the biggest companies compare on our leaderboards
Our mission is to be the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-18.2%Operating margin5
-20.9%Net margin5
24.7%Revenue growth, 20255
-52.1%Return on equity5
0.51×Debt to equity5
$24.8MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Government Relations Consulting Revenue brought in 58% of the revenue Public Policy Holding Company, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Government Relations Consulting Revenue | $102.5M | $108.5M |
| Corporate Communications & Public Affairs Consulting Revenue | $36.4M | $65.0M |
| Compliance and Insights Services Revenue | $10.7M | $13.0M |
Business segments
Government Relations Consulting Segments brought in 58% of the revenue Public Policy Holding Company, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Government Relations Consulting Segments | $102.5M | $108.5M |
| Corporate Communications & Public Affairs Consulting Segments | $36.4M | $65.0M |
| Compliance And Insights Services Segments | $10.7M | $13.0M |
Regions
United States brought in 95% of the revenue Public Policy Holding Company, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $145.5M | $177.6M |
| Outside the United States | $4.1M | $8.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue90¢$167.9M
- Other costs8¢$14.2M
- Income tax2¢$4.4M
Out of $186.5M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$11.0K
- Dividends paid35¢$8.7M
- Kept or used elsewhere65¢$16.1M
Out of $24.8M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $186.5M | $149.6M |
| Salaries and other personnel costs | $160.8M | $126.6M |
| Office and other direct costs | $7.1M | $5.7M |
| Cost of services | $167.9M | $132.3M |
| Salaries, general and administrative | $31.8M | $26.8M |
| Mergers and acquisitions expense | $837.0K | $2.4M |
| Depreciation and amortization expense | $5.7M | $4.2M |
| Loss on impairment of intangible assets | $2.9M | $0 |
| Loss on impairment of goodwill | $6.2M | $0 |
| Change in fair value of contingent consideration | $5.1M | $1.9M |
| Total operating expenses | $220.5M | $167.7M |
| Loss from operations | -$33.9M | -$18.2M |
| Gain on bargain purchase | $2.0M | $2.5M |
| Interest income | $81.0K | $177.0K |
| Interest expense | -$3.4M | -$1.9M |
| Other income, net | $589.0K | $0 |
| Net loss before income taxes | -$34.6M | -$17.4M |
| Income tax expense | -$4.4M | -$6.5M |
| Net loss | -$39.0M | -$24.0M |
| Net loss per share attributable to common stockholders, Basic (usd per share) | -$2.37 | -$2.34 |
| Net loss per share attributable to common stockholders, Diluted (in usd per share) | -$2.37 | -$2.34 |
| Basic (in shares) | 17.5M shares | 13.4M shares |
| Diluted (in shares) | 17.5M shares | 13.4M shares |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent | $1.7M | -$536.0K |
| Total comprehensive loss | -$37.3M | -$24.5M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-11-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $20.4M | $14.5M | ||
| Contract receivables, net | $21.9M | $18.3M | ||
| Notes receivable - related parties, current portion | $750.0K | $863.0K | ||
| Income taxes receivable | $2.1M | $3.2M | ||
| Prepaid post-combination compensation, current portion | $3.6M | $6.1M | ||
| Prepaid expenses and other current assets | $9.6M | $2.7M | ||
| Amounts due from related parties | $266.0K | $0 | ||
| Total current assets | $58.6M | $45.7M | ||
| Property and equipment at cost, less accumulated depreciation | $598.0K | $751.0K | ||
| Notes receivable - related parties, long term | $900.0K | $1.1M | ||
| Operating lease right of use asset | $18.8M | $18.4M | ||
| Goodwill | $57.0M | $64.3M | $47.9M | |
| Other intangible assets, net of accumulated amortization | $37.1M | $32.1M | ||
| Deferred income tax asset | $24.6M | $11.0M | ||
| Prepaid post-combination compensation, long term | $4.7M | $888.0K | ||
| Other long-term assets | $276.0K | $189.0K | ||
| TOTAL ASSETS | $202.6M | $174.5M | ||
| Accounts payable and accrued expenses | $30.8M | $20.0M | ||
| Deferred revenue | $3.3M | $3.1M | ||
| Operating lease liability, current portion | $5.1M | $4.8M | ||
| Contingent consideration, current portion | $3.1M | $2.1M | ||
| Notes payable, current portion, net | $9.1M | $6.0M | ||
| Total current liabilities | $52.9M | $37.8M | ||
| Notes payable, long term, net | $37.9M | $26.0M | ||
| Contingent consideration, long term | $9.9M | $8.8M | ||
| Other liability, long term | $10.6M | $3.7M | ||
| Operating lease liability, long term | $16.5M | $16.8M | ||
| Total liabilities | $127.6M | $93.2M | ||
| Common stock, $0.001 par value, 1,000,000,000 shares authorized, 25,174,492 and 24,017,599 shares issued and outstanding as of December 31, 2025, and 2024, respectively | $24.0K | $23.0K | ||
| Additional paid-in capital | $237.1M | $197.5M | ||
| Accumulated deficit | -$163.4M | -$115.7M | ||
| Accumulated other comprehensive income (loss) | $1.2M | -$536.0K | ||
| Total stockholders equity | $74.9M | $81.3M | $82.1M | |
| TOTAL LIABILITIES AND EQUITY | $202.6M | $174.5M | ||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common stock, shares issued (in shares) | 25.2M shares | 24.0M shares | ||
| Common stock, shares outstanding (in shares) | 25.2M shares | 24.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2021-11-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $20.4M | $14.5M | ||
| Contract receivables, net | $21.9M | $18.3M | ||
| Notes receivable - related parties, current portion | $750.0K | $863.0K | ||
| Income taxes receivable | $2.1M | $3.2M | ||
| Prepaid post-combination compensation, current portion | $3.6M | $6.1M | ||
| Prepaid expenses and other current assets | $9.6M | $2.7M | ||
| Amounts due from related parties | $266.0K | $0 | ||
| Total current assets | $58.6M | $45.7M | ||
| Property and equipment at cost, less accumulated depreciation | $598.0K | $751.0K | ||
| Notes receivable - related parties, long term | $900.0K | $1.1M | ||
| Operating lease right of use asset | $18.8M | $18.4M | ||
| Goodwill | $57.0M | $64.3M | $47.9M | |
| Other intangible assets, net of accumulated amortization | $37.1M | $32.1M | ||
| Deferred income tax asset | $24.6M | $11.0M | ||
| Prepaid post-combination compensation, long term | $4.7M | $888.0K | ||
| Other long-term assets | $276.0K | $189.0K | ||
| TOTAL ASSETS | $202.6M | $174.5M | ||
| Accounts payable and accrued expenses | $30.8M | $20.0M | ||
| Deferred revenue | $3.3M | $3.1M | ||
| Operating lease liability, current portion | $5.1M | $4.8M | ||
| Contingent consideration, current portion | $3.1M | $2.1M | ||
| Notes payable, current portion, net | $9.1M | $6.0M | ||
| Total current liabilities | $52.9M | $37.8M | ||
| Notes payable, long term, net | $37.9M | $26.0M | ||
| Contingent consideration, long term | $9.9M | $8.8M | ||
| Other liability, long term | $10.6M | $3.7M | ||
| Operating lease liability, long term | $16.5M | $16.8M | ||
| Total liabilities | $127.6M | $93.2M | ||
| Common stock, $0.001 par value, 1,000,000,000 shares authorized, 25,174,492 and 24,017,599 shares issued and outstanding as of December 31, 2025, and 2024, respectively | $24.0K | $23.0K | ||
| Additional paid-in capital | $237.1M | $197.5M | ||
| Accumulated deficit | -$163.4M | -$115.7M | ||
| Accumulated other comprehensive income (loss) | $1.2M | -$536.0K | ||
| Total stockholders equity | $74.9M | $81.3M | $82.1M | |
| TOTAL LIABILITIES AND EQUITY | $202.6M | $174.5M | ||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common stock, shares issued (in shares) | 25.2M shares | 24.0M shares | ||
| Common stock, shares outstanding (in shares) | 25.2M shares | 24.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$39.0M | -$24.0M |
| Depreciation | $192.0K | $136.0K |
| Amortization expense - intangibles | $6.0M | $4.7M |
| Amortization of right of use assets | $5.5M | $4.1M |
| Amortization of prepaid post-combination compensation | $9.0M | $5.1M |
| Accretion of other liability | $8.5M | $3.7M |
| Amortization of debt discount | $236.0K | $182.0K |
| Provision for deferred income taxes | -$2.7M | -$1.3M |
| Share-based accounting charge | $29.6M | $31.8M |
| Change in fair value of contingent consideration | $5.1M | $1.9M |
| Gain on bargain purchase | -$2.0M | -$2.5M |
| Credit losses on accounts receivable | $2.4M | $0 |
| Impairment of goodwill and other intangible assets | $9.1M | $0 |
| Employee loan forgiveness | $250.0K | $0 |
| Accounts receivable | -$5.1M | -$3.1M |
| Prepaid post-combination expense | -$10.5M | -$4.6M |
| Prepaid expenses and other assets | -$1.1M | $573.0K |
| Accounts payable and accrued expenses | $6.3M | -$2.1M |
| Income taxes payable and receivable | $1.1M | -$2.2M |
| Deferred revenue | $149.0K | $959.0K |
| Contingent consideration | -$4.0K | -$269.0K |
| Operating lease liability | -$6.0M | -$4.3M |
| Other liabilities | -$1.7M | -$982.0K |
| Transactions with members and related parties | -$822.0K | $1.6M |
| Net Cash Provided by Operating Activities | $24.8M | $16.4M |
| Purchases of property and equipment | -$11.0K | -$56.0K |
| Proceeds issued for notes receivable - related parties | -$500.0K | $0 |
| Proceeds received for notes receivable - related parties | $0 | $350.0K |
| Cash paid for acquisitions, net of cash acquired | -$21.1M | -$19.8M |
| Net Cash Used in Investing Activities | -$21.6M | -$19.5M |
| Proceeds from notes payable | $24.0M | $25.0M |
| Payment of debt issuance costs | -$128.0K | -$215.0K |
| Payment of deferred equity offering costs | -$2.9M | $0 |
| Principal payment of note payable | -$9.2M | -$3.9M |
| Payment of contingent considerations | -$582.0K | -$750.0K |
| Dividends paid | -$8.7M | -$16.8M |
| Net Cash Provided by Financing Activities | $2.5M | $3.3M |
| Effect of foreign exchange rate changes on cash and cash equivalents | $156.0K | -$54.0K |
| Net Change in Cash and Cash Equivalents | $5.9M | $195.0K |
| Cash paid for interest | $3.2M | $1.7M |
| Cash paid for income taxes | $5.9M | $10.0M |
| Common stock received for repayment of note receivable with Alpine Group | $532.0K | $0 |
| Right of use assets obtained with lease liabilities | $4.1M | $797.0K |
| Right of use assets obtained with business combinations | $1.8M | $268.0K |
| Contingent consideration issued for acquisitions | $0 | $3.8M |
| Common stock issued for acquisitions | $1.3M | $1.4M |
| Issuance of common stock for settlement of other liability | $342.0K | $0 |
| Accrued deferred equity offering costs | $2.6M | $0 |
| Stock issued for settlement of contingent consideration | $0 | $691.0K |
No quarter-by-quarter statement was filed.
Compare Public Policy Holding Company, Inc. with another company
Corporate structure
Public Policy Holding Company, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Public Policy Holding Company, Inc.
- Daniel Clyde Tate Jr. Filed SCHEDULE 13G on Public Policy Holding Company, Inc., latest May 15, 2026
- Jeffrey Alan Forbes Filed SCHEDULE 13G on Public Policy Holding Company, Inc., latest May 15, 2026
- Public Policy Holding Company, Inc. Washington, D.C., the District of Columbia, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Public Policy Holding Company, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $598.0K5 Dec 31, 2025 | $751.0K5 Dec 31, 2024 | −20.4% |
| Operating-lease assets (leased space) | $18.8M5 Dec 31, 2025 | $18.4M5 Dec 31, 2024 | +2.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $20.4M5 Dec 31, 2025 | $14.5M5 Dec 31, 2024 | +40.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $57.0M5 Dec 31, 2025 | $64.3M5 Dec 31, 2024 | −11.4% |
| Intangible assets, net (excluding goodwill) | $37.1M5 Dec 31, 2025 | $32.1M5 Dec 31, 2024 | +15.5% |
| Finite-lived intangibles, gross | $47.8M5 Dec 31, 2025 | $39.6M5 Dec 31, 2024 | +20.8% |
| Accumulated amortization | $23.2M5 Dec 31, 2025 | $17.1M5 Dec 31, 2024 | +35.8% |
| Finite-lived intangibles, net | $24.6M5 Dec 31, 2025 | $22.5M5 Dec 31, 2024 | +9.5% |
Properties, in its own words
We do not own any real estate or other properties materially important to our operations. We lease real estate property for remote office spaces and corporate office space, and substantially all of those leases are classified as operating leases. Our executive offices are located at 800 North Capitol St. NW, Suite 800, Washington, DC 20002, and our telephone number is (202) 688–0020. We believe that our office facilities will be suitable and adequate for our business as it is contemplated to be conducted.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led Public Policy Holding Company, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerGeorge Stewart Hall Jan 27, 2026 to now8
- Chief financial officerRoeland Jozef Bernard Smits Jan 27, 2026 to now9
- Chief operating officerJill Agnes Gillespie Kendrick Jan 27, 2026 to now10
Board members and other officers (10)
- Chief Strategy OfficerThomas Edward Gensemer Jan 27, 2026 to now11
- Chief Administrative OfficerMatthew Ross Mazzanti Mar 30, 2026 to now12
- Board memberBenjamin Langer Ginsberg Jan 27, 2026 to now13
- Board memberGeorge Stewart Hall Jan 27, 2026 to now8
- Board memberKeenan Nealean Austin Jan 27, 2026 to now14
- Board memberRoeland Jozef Bernard Smits Jan 27, 2026 to now9
- Board memberSimon Philip Guy Lee Jan 27, 2026 to now15
- Board memberZachary Wayne Williams Jan 27, 2026 to now16
- Board memberKathleen Casey Jan 29, 2026 to now17
- General counselNeal Howard Strum Jan 27, 2026 to now18
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerJohnson McCallum Green named Apr 15, 2026 to Aug 24, 202619
- Executive OfficerJohnston McCollum Green named Aug 7, 202520
- Executive Officer, DirectorWilliam Chess named Jan 7, 2022 to Sep 29, 202321
- DirectorCharlies D. Brown named Aug 24, 202619
- DirectorKimberly Anne White named Feb 7, 2024 to Aug 24, 202619
- DirectorCharles D. Brown named Apr 15, 2026 to Jul 15, 202622
- DirectorWilliam Robert Chess named Feb 7, 2024 to Aug 7, 202520
- DirectorKeenan N. Reed named Feb 7, 202423
- DirectorKimberly White named Nov 3, 2022 to Sep 29, 202321
- DirectorKimberly Stewart White named Jan 7, 2022 to Apr 13, 202224
Timeline
- Aug 10, 20268-K Results of operations25
- Aug 3, 20268-K Other events26
- Jul 1, 20268-K Other events27
- May 12, 20268-K Financial statements and exhibits28
- May 12, 20268-K Shareholder vote29
- Mar 27, 20268-K Other events30
- Mar 23, 20268-K Results of operations31
- Mar 2, 20268-K Other events32
- Feb 2, 20268-K Entered a material agreement; Executive or director change; Other events33
- Jan 27, 2026New chief executive George Stewart Hall becomes CEO8
- Feb 4, 2021Founded Public Policy Holding Company, Inc. is founded2
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/202634
When it reported results
- Aug 10, 2026Reported quarterly or annual results25
- Mar 23, 2026Reported quarterly or annual results31
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
103 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 9 major events, 53 insider forms, 2 large holders, 19 private raises, 16 other. The latest 20:
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 24, 2026D EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 3, 20268-K EDGAR
- Jul 15, 2026D EDGAR
- Jul 1, 20268-K EDGAR
- Jun 24, 202610-K/A EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
The 103 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
27 open-market trades by officers, directors and large owners since October 2021: 1 buys and 26 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Austin Keenan NealeanDirector | Sale | 2,033 | $10.94 | $22.2K | Form 4 |
| Aug 24, 2026 | Strum Neal HowardChief Legal Officer | Sale | 1,702 | $10.94 | $18.6K | Form 4 |
| Aug 24, 2026 | Smits Roeland Jozef BernardChief Financial Officer | Sale | 1,797 | $10.94 | $19.7K | Form 4 |
| Aug 24, 2026 | Starzman Ronald J. Jr. | Sale | 1,500 | $10.94 | $16.4K | Form 4 |
| Aug 24, 2026 | Gensemer Thomas EdwardChief Strategy Officer | Sale | 1,797 | $10.94 | $19.7K | Form 4 |
| Jun 11, 2026 | Green Johnson McCallumChief Client Officer | Sale | 2,298 | $10.35 | $23.8K | Form 4 |
| Jun 11, 2026 | Gensemer Thomas EdwardChief Strategy Officer | Sale | 1,115 | $10.35 | $11.5K | Form 4 |
| Jun 11, 2026 | Hall George StewartChief Executive Officer | Sale | 930 | $10.35 | $9.6K | Form 4 |
| Jun 11, 2026 | Strum Neal HowardChief Legal Officer | Sale | 2,007 | $10.35 | $20.8K | Form 4 |
| Jun 11, 2026 | Starzman Ronald J. Jr. | Sale | 1,541 | $10.35 | $15.9K | Form 4 |
| Jun 11, 2026 | Austin Keenan NealeanDirector | Sale | 1,252 | $10.35 | $13.0K | Form 4 |
| Jun 10, 2026 | Green Johnson McCallumChief Client Officer | Sale | 859 | $10.19 | $8.8K | Form 4 |
| Jun 10, 2026 | Gensemer Thomas EdwardChief Strategy Officer | Sale | 416 | $10.19 | $4.2K | Form 4 |
| Jun 10, 2026 | Hall George StewartChief Executive Officer | Sale | 348 | $10.19 | $3.5K | Form 4 |
| Jun 10, 2026 | Strum Neal HowardChief Legal Officer | Sale | 749 | $10.19 | $7.6K | Form 4 |
| Jun 10, 2026 | Starzman Ronald J. Jr. | Sale | 575 | $10.19 | $5.9K | Form 4 |
| Jun 10, 2026 | Austin Keenan NealeanDirector | Sale | 468 | $10.19 | $4.8K | Form 4 |
| Jun 2, 2026 | Mazzanti Matthew RossChief Administrative Officer | Buy | 1 | $10.41 | $10 | Form 4 |
| Jan 27, 2026 | Green Johnson McCallumChief Client Officer | Sale | 61,016 | $12.25 | $747.4K | Form 4 |
| Jan 27, 2026 | Starzman Ronald J. Jr. | Sale | 1,881 | $12.25 | $23.0K | Form 4 |
All 27 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | George Stewart Hall, | 60 | $833.3K | $1.1M37 |
| 2025 | Roeland Smits, | 55 | $475.0K | $808.0K37 |
| 2025 | Neal Strum, | 60 | $450.0K | $745.8K37 |
| 2024 | Chief Executive Officer | $800.0K | $1.3M37 | |
| 2024 | Chief Legal Officer | $450.0K | $795.3K37 | |
| 2024 | Chief Financial Officer | $425.0K | $787.5K37 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Aug 3, 2026Raised $2 million in a private offering of equity Form D: 4 investors so far Form D
- Jul 1, 2026Raised $1.1 million in a private offering of equity Form D: 2 investors so far Form D
- May 1, 2026Raised $300,000 in a private offering of equity Form D: 2 investors so far Form D
- Apr 1, 2026Raised $598,508 in a private offering of equity Form D: 4 investors so far Form D
- Jan 1, 2026Raised $100,000 in a private offering of equity Form D: 1 investor so far Form D
- Aug 1, 2025Raised $450,000 in a private offering of equity Form D: 1 investor so far Form D
- Jun 18, 2025Raised $607,353 in a private offering of equity Form D: 6 investors so far Form D
- Apr 1, 2025Raised $5 million in a private offering of equity Form D: 11 investors so far Form D
- Jun 7, 2024Raised $1.4 million in a private offering of equity Form D: 3 investors so far Form D
- May 1, 2024Raised $1.5 million in a private offering of equity Form D: 2 investors so far Form D
- Feb 1, 2024Raised $90,000 in a private offering of equity Form D: 1 investor so far Form D
- Mar 1, 2023Raised $4.4 million in a private offering of equity Form D: 1 investor so far Form D
- Nov 1, 2022Raised $825,000 in a private offering of equity Form D: 4 investors so far Form D
- Oct 12, 2022Raised $53,000 in a private offering of securities Form D: 1 investor so far Form D
- Oct 1, 2022Raised $1.6 million in a private offering of equity Form D: 6 investors so far Form D
- Apr 1, 2022Raised $178,333 in a private offering of equity Form D: 1 investor so far Form D
- Dec 13, 2021Raised $5.4 million in a private offering of equity Form D: 3 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 55. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Royce & Associates LP | 1,020,130 | $7.6M | 0.1% | +351,130 |
| Canoe Financial LP | 1,017,732 | $7.5M | 0.1% | −1,386 |
| Jennison Associates LLC | 851,355 | $6.3M | 0.0% | −20,434 |
| Wasatch Advisors LP | 728,798 | $5.4M | 0.0% | +125,781 |
| Storebrand Asset Management As | 597,637 | $4.4M | 0.0% | −2,363 |
| Russell Investments Group, Ltd. | 372,163 | $2.8M | 0.0% | −179,314 |
| Graham Capital Wealth Management, LLC | 282,236 | $2.1M | 1.6% | +93,598 |
| BlackRock, Inc. | 271,458 | $2.0M | 0.0% | +69,654 |
| Ancora Advisors LLC | 252,228 | $1.9M | 0.0% | −278,020 |
| Vanguard Capital Management LLC | 187,206 | $1.4M | 0.0% | +105,247 |
| Geode Capital Management, LLC | 123,497 | $915.3K | 0.0% | +15,706 |
| Creative Planning | 109,789 | $813.5K | 0.0% | −113,866 |
| Marex Group Ltd | 99,331 | $736.0K | 0.0% | New |
| Boston Partners | 97,594 | $618.0K | 0.0% | +6,813 |
| Millennium Management LLC | 58,839 | $436.0K | 0.0% | New |
| State Street Corp | 50,600 | $374.9K | 0.0% | +1,500 |
| Kornitzer Capital Management Inc /ks | 47,284 | $350.4K | 0.0% | −1,596 |
| Vanguard Fiduciary Trust Co | 30,618 | $226.9K | 0.0% | +21,098 |
| Vanguard Portfolio Management LLC | 30,152 | $223.4K | 0.0% | +5,825 |
| Northern Trust Corp | 29,396 | $217.8K | 0.0% | −1,659 |
| Goldman Sachs Group Inc | 28,508 | $211.2K | 0.0% | +13,374 |
| XTX Topco Ltd | 25,044 | $185.6K | 0.0% | +5,765 |
| Jane Street Group, LLC | 20,502 | $151.9K | 0.0% | New |
| Morgan Stanley | 18,359 | $136.0K | 0.0% | +8,738 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 16,525 | $122.5K | 0.0% | −6,548 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Public Policy Holding Company, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPublic Policy Holding Company, Inc.1
- CIK0001903508
- Employer ID (EIN)87-35572294
- Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)8742 Services-Management Consulting Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address800 North Capitol St Nw, Ste 800, Washington, DC 200021
- Phone202-559-01781
- Shares outstanding30,216,533 as of Aug 7, 20266
- Public float$300.5M as of Jan 29, 20264
- AuditorForvis Mazars, LLP, Tysons, Virginia PCAOB ID 686; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 7, 20221
- Filings103 in all: 4 (37), D (17), 3 (16), 8-K (9), S-1/A (5), 10-Q (2), D/A (2), DRS (2)1
All 20 form types
SCHEDULE 13G (2), 10-K (1), 10-K/A (1), 424B4 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14A (1), DEL AM (1), EFFECT (1), S-1 (1), S-8 (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 11, 2026
Proxy statement (DEF 14A) Apr 17, 2026
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value | PPHC | NASDAQ |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Public Policy Holding Company, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 35 risks under these headings, as written.4
- Risks Related to Our Business and Industry
- The success of our business depends on establishing and maintaining client relationships, in particular with our largest clients.
- Our ability to maintain and grow our business will depend on our reputation in the industry, which could be adversely impacted by negative publicity, our association with certain clients, our real or perceived failure to manage conflicts of interest or by adverse litigation or other factors.
- Our success depends largely on the efforts and abilities of key personnel, on our ability to retain their clients and replace their expertise should they depart and generally on our ability to recruit and retain new employees to grow the business.
- Our success depends on our ability to continue to develop and execute on our business strategy, in particular through future acquisitions and other strategic transactions.
- We may fail to adequately monitor or manage the activities of our member companies, which retain a high degree of autonomy under our business model.
- We may not be able to compete effectively in new geographies, business lines, and our recently acquired businesses outside the US expose us to regulatory and compliance regimes with which we are relatively unfamiliar.
- We operate in a fragmented and highly competitive industry, and we could lose employees and clients to new or existing competitors or otherwise fail to compete successfully.
- We may face competition from parties who sell their businesses to us, from professionals in acquired businesses who do not continue working for us post-acquisition or from our own former employees.
- Errors in our forecasting and planning, and in setting our financial and operational performance targets, may result in our financial performance being materially worse than expected. The non-GAAP financial metrics that our management uses to measure the success of our business model may not provide the best measurement of our operating performance and may not be comparable to similar metrics used by others in our industry.
- We are subject to macroeconomic and political risks that could negatively impact the demand for our services.
- We rely on certain third parties and third-party technology to provide our services and successfully implement our business strategy.
The other 24 risks
- Disruptions to our information technology systems or cybersecurity breaches could negatively impact our business.
- Failure to comply with data privacy laws and regulations could adversely affect our business and reputation.
- We operate in multiple jurisdictions and must comply with numerous applicable laws, including regarding restrictions on and reporting of lobbying activity. Should we fail to comply with such laws, the Company could face civil and criminal liability.
- We have identified material weaknesses in our internal control over financial reporting. If we are unable to implement and maintain the effectiveness of our internal control over financial reporting, our investors may lose confidence in the accuracy and completeness of our financial reports, which could adversely affect our stock price.
- Servicing our debt requires a significant amount of cash, and our Bank Credit Facilities contain certain restrictive covenants, which could affect our ability to operate our business and implement our business plan.
- We may be subject to litigation, including securities litigation, or investigations by governmental or other bodies, and we may incur costs related to complying with investigations or litigation involving our clients and to which we are not a party.
- We may not obtain insurance coverage to adequately cover all significant risk exposures.
- Risks Related to Our Common Stock
- We may not be able to maintain compliance with Nasdaq’s listing standards, which could limit stockholders’ ability to trade our Common Stock.
- The market price and trading volume of our Common Stock may be volatile and may be affected by economic conditions beyond our control.
- We will incur increased costs and our management will face increased demands as a result of operating as a company listed on Nasdaq and subject to Exchange Act reporting and other obligations.
- We may face increased risks of shareholder activism, particularly if our US and institutional investor base grows as a result of the initial public offering or our US listing, which could divert management attention and impact our ability to execute on our current business plan.
- If our operating and financial performance in any given period does not meet or exceed the guidance that we provide to the public, the market price of our Common Stock may decline.
- You may be diluted by future issuances of preferred stock or additional Common Stock in connection with our employee incentive plans, acquisitions or otherwise; future sales of such shares in the public market, or the expectations that such sales may occur, could lower our stock price.
- The dual listing of our Common Stock is costly to maintain, may adversely affect the liquidity and value of our Common Stock and may increase our exposure to securities litigation.
- Dividends may not be declared or paid to holders of our Common Stock.
- We are an emerging growth company, and the reduced disclosure requirements applicable to emerging growth companies may make our Common Stock less attractive to investors.
- Our employees, management and principal stockholders own the majority of our stock and will be able to exert control over matters subject to stockholder approval.
- Provisions of our certificate of incorporation and bylaws may delay or prevent a takeover that may not be in the best interests of our stockholders.
- Our certificate of incorporation provides for an exclusive forum in the Court of Chancery of the State of Delaware for certain disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
- Sales by existing shareholders can reduce share prices.
- The Company is a holding company and, as such, it depends on its subsidiaries for cash to fund its operations and expenses.
- Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.
- Reports published by analysts, including projections in those reports that differ from our actual results, could adversely affect the price and trading volume of our Common Stock.
- We have written down some of our goodwill from our prior acquisitions and could experience additional charges to our intangible assets, which may affect our results of operations in the future.
Legal proceedings
As of the date of this Annual Report on Form 10-K, we are not a party to any material pending legal proceedings, nor are we aware of any civil proceeding or government authority contemplating any material legal proceeding, and to our knowledge, no such proceedings by or against the Company have been threatened. We anticipate that we and our subsidiaries may from time to time in the future become subject to claims and legal proceedings arising in the ordinary course of business. It is not feasible to predict the outcome of any such proceedings, and we cannot assure that their ultimate disposition will not have a materially adverse effect on our business, financial condition, cash flows or results of operations.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARKeenan Nealean Austin, Board member
- 15SEC EDGARSimon Philip Guy Lee, Board member
- 16SEC EDGARZachary Wayne Williams, Board member
- 17SEC EDGARKathleen Casey, Board member
- 18SEC EDGARNeal Howard Strum, General counsel
- 19
- 20
- 21
- 22
- 23
- 24
- 25SEC EDGARResults of operations
- 26SEC EDGAROther events
- 27SEC EDGAROther events
- 28SEC EDGARFinancial statements and exhibits
- 29SEC EDGARShareholder vote
- 30SEC EDGAROther events
- 31SEC EDGARResults of operations
- 32SEC EDGAROther events
- 33
- 34NasdaqNasdaq calendar
- 35
- 36
- 37