Filing Flows › Public Policy Holding Company (PPHC) › Q1 2026
Public Policy Holding Company (PPHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Public Policy Holding Company (PPHC) reported revenue of $50.1M for the first quarter 2026 (Q1 2026), +28% from a year earlier. Operating margin was -16.3%, net loss $11.5M (22.9% of revenue).
Public Policy Holding Company, Q1 2026: revenue $50.1M (+28% year over year), operating margin -16.3%, net loss $11.5M, operating cash flow −$11.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.1M | — | +28% |
| Operating profit | −$8.2M | — | — |
| Net earnings | −$11.5M | — | — |
| Operating cash flow | −$11.7M | — | — |
What changed
Revenue was $50.1M in Q1 2026, up 28% year over year. Government Relations Consulting revenue was the largest line at 57% of revenue. Corporate Communications & Public Affairs Consulting revenue added $8.3M year over year (up 83%), 77% of the total change.
Operating costs exceeded revenue by $8.2M, an operating margin of -16.3%. Total costs grew 29% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+240%). The quarter ended with a net loss of $11.5M.
Operating cash flow was −$11.7M. Non-cash charges added back $1.5M of depreciation and amortization. Working capital and other items used $1.7M. Capital expenditures of $521K exceeded it, leaving free cash flow of −$12.2M.
Questions
What was Public Policy Holding Company's revenue in the first quarter 2026?
Public Policy Holding Company (PPHC) reported revenue of $50.1M for the first quarter 2026 (Q1 2026), +28% from a year earlier.
Was Public Policy Holding Company profitable in the first quarter 2026?
Operating loss was $8.2M (-16.3% of revenue) and net loss $11.5M.