How Did Public Policy Holding (NASDAQ:PPHC) Revenue Rise 13.2% in Q3 2026?

Sonal Goyal

10 November 2026 06:56 PM AEDT

How Did Public Policy Holding (NASDAQ:PPHC) Revenue Rise 13.2% in Q3 2026?

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Key Highlights

Revenue increased 13.2% to $55.2 million in the third quarter of 2026.
Organic Revenue growth was 5.1% over the third quarter of 2025.
GAAP Net Income was $0.2 million, compared with a net loss of $7.4 million a year earlier.
Adjusted EBITDA was $12.8 million, at a Margin of 23.2%.

Public Policy Holding Company, Inc. (NASDAQ:PPHC; AIM:PPHC.L) reported unaudited results for the third quarter of 2026, showing revenue of $55.2 million, an increase of 13.2% over the third quarter of 2025. GAAP net income was $0.2 million, compared with a net loss of $7.4 million in the prior-year quarter.

Revenue and Organic Growth

Third-quarter revenue was $55.2 million. Organic revenue growth, which excludes the contribution of acquisitions, was 5.1% over the third quarter of 2025. Organic growth excludes revenue from acquisitions, and the company reported total growth of 13.2% alongside organic growth of 5.1%.

For the nine months ended September 30, 2026, revenue increased 15.2% over the prior-year period to more than $157 million. Organic revenue growth for the nine-month period was 4.7%. The company's nine-month results include acquisitions completed during the period.

Net Income and Non-Cash Gain

GAAP net income for the quarter was $0.2 million. The result included a $9.8 million non-cash bargain purchase gain on the acquisitions completed in the quarter. A bargain purchase gain is recognized when the Fair Value of the net Assets acquired exceeds the consideration paid for them.

The company's GAAP net loss in the third quarter of 2025 was $7.4 million. GAAP basic and diluted loss per share for the nine months was also reported in the company's results, and the company also reported a GAAP net loss for the nine months.

Adjusted EBITDA and Adjusted Net Income

Adjusted EBITDA for the third quarter was $12.8 million, an increase of 11.1% over the prior-year quarter. The adjusted EBITDA margin was 23.2%.

Adjusted Net Income was $10.7 million for the quarter. Adjusted Net Income and Adjusted EBITDA are non-GAAP measures. The company's reconciliation of these measures to GAAP results is included in its quarterly release.

Final Word

Public Policy Holding reported third-quarter 2026 revenue of $55.2 million, up 13.2%, with organic growth of 5.1%. GAAP net income was $0.2 million, including a $9.8 million non-cash bargain purchase gain. Adjusted EBITDA was $12.8 million at a 23.2% margin, and Adjusted Net Income was $10.7 million.

FAQs

Q: What was Public Policy Holding's third-quarter 2026 revenue?

A: Revenue was $55.2 million, up 13.2% from the third quarter of 2025.

Q: What was organic revenue growth?

A: Organic revenue growth was 5.1% over the third quarter of 2025.

Q: How large was the non-cash gain?

A: The GAAP results included a $9.8 million non-cash bargain purchase gain on the quarter's acquisitions.

Q: What was Adjusted EBITDA?

A: Adjusted EBITDA was $12.8 million, at a margin of 23.2%.

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