Public Policy Holding Company Reports Q3 2026 Results
Third-quarter revenue rose 13.2% to $55.2 million, with organic growth of 5.1%. Adjusted EBITDA increased 11.1% to $12.8 million, and adjusted net income rose 8.7% to $10.7 million. GAAP net income was $0.2 million, versus a $7.4 million loss a year earlier, including a $9.8 million non-cash bargain purchase gain. The company reaffirmed full-year 2026 guidance.
Public Policy Holding Company, Inc. (PPHC) reported a 13.2% increase in revenue to $55.2 million for the third quarter of 2026 compared to the same period in 2025, with organic revenue growth of 5.1%. The company achieved GAAP net income of $0.2 million, an improvement from the $7.4 million net loss in Q3 2025, largely driven by a $9.8 million non-cash bargain purchase gain from acquisitions. Adjusted EBITDA rose 11.1% to $12.8 million, while Adjusted Net Income increased 8.7% to $10.7 million.
PPHC reaffirmed its full-year 2026 guidance and noted the completion of two acquisitions during the quarter, with an additional acquisition concluding post-period. The company also reported a net debt of $21.4 million as of September 30, 2026, and announced a post-period expansion of its credit facility.