Public Policy Holding Company, Inc. balance sheet

At the end of fiscal 2025, Public Policy Holding Company, Inc. had total assets of $203m, total liabilities of $128m and shareholders' equity of $74.9m. It held $20.4m in cash against $56.1m of debt: net debt of $35.6m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Public Policy Holding Company, Inc.: balance sheet, annual
Fiscal year	2024Dec 2024	2025Dec 2025
Cash and equivalents	15	20
Receivables	18	22
Total current assets	46	59
Goodwill	64	57
Total assets	174	203
Accounts payable	5	6
Deferred revenue (current)	3	3
Total current liabilities	38	53
Short-term debt	6	9
Long-term debt	26	38
Total debt	38	56
Total liabilities	93	128
Shareholders' equity	81	75
Net debt (negative = net cash)	24	36

US$ millions unless shown otherwise. Fiscal quarters.

Public Policy Holding Company, Inc.: balance sheet, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	—	—	34	31
Total current assets	—	—	89	80
Goodwill	—	—	57	57
Total assets	—	—	243	241
Deferred revenue (current)	—	—	6	6
Total current liabilities	—	—	52	50
Short-term debt	—	—	11	10
Long-term debt	—	—	34	32
Total debt	—	—	45	42
Total liabilities	—	—	134	130
Shareholders' equity	80	81	109	111
Shares outstanding	—	—	29m	30m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Public Policy Holding Company, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Public Policy Holding Company, Inc.