PPIH (PPIH) financial statements
PPIH reported revenue of $211M in fiscal 2026, up 8.8% a year over 9 years.
Net income was $17M and the operating margin 14.0%, against -11.7% in 2017.
Free cash flow was -$1M.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PPIH's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99M | $105M | $129M | $128M | $85M | $139M | $143M | $151M | $158M | $211M |
| Cost of revenue | $87M | $94M | $106M | $99M | $74M | $106M | $104M | $109M | $105M | $141M |
| Gross profit | $12M | $12M | $23M | $29M | $11M | $33M | $38M | $41M | $53M | $69M |
| Research and development | $200,000 | $300,000 | $200,000 | $300,000 | $300,000 | $400,000 | $600,000 | $500,000 | $100,000 | — |
| Selling, general and admin | $23M | $21M | $21M | $24M | $23M | $24M | $27M | $28M | $33M | $40M |
| Operating income | -$12M | -$10M | $3M | $5M | -$11M | $8M | $11M | $13M | $20M | $29M |
| Interest expense | $746,000 | $808,000 | $1M | $1M | $649,000 | $918,000 | $2M | $2M | $2M | $2M |
| Pre-tax income | -$14M | -$10M | $2M | $5M | -$8M | $8M | $10M | $10M | $18M | $27M |
| Income tax | -$611,000 | -$233,000 | $2M | $1M | -$133,000 | $2M | $4M | -$3M | $5M | $7M |
| Net income | -$12M | -$10M | -$550,000 | $4M | -$8M | $6M | $6M | $10M | $9M | $17M |
| EPS (diluted) | -$1.67 | -$1.30 | -$0.07 | $0.42 | -$0.94 | $0.72 | $0.73 | $1.30 | $1.12 | $2.09 |
| Diluted shares | 7M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
| Gross margin | 11.9% | 11.2% | 18.1% | 22.8% | 13.2% | 23.5% | 26.9% | 27.5% | 33.6% | 32.9% |
| Operating margin | -11.7% | -9.0% | 2.1% | 3.8% | -13.4% | 5.9% | 7.8% | 8.9% | 12.8% | 14.0% |
| Net margin | -12.6% | -9.5% | -0.4% | 2.8% | -9.0% | 4.4% | 4.2% | 6.9% | 5.7% | 8.1% |
Balance sheet
Fiscal years, from PPIH's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $7M | $10M | $13M | $7M | $8M | $6M | $6M | $16M | $19M |
| Receivables | $31M | $33M | $33M | $29M | $25M | $44M | $42M | $47M | $43M | $66M |
| Inventory | $14M | $17M | $12M | $14M | $12M | $14M | $15M | $16M | $17M | $18M |
| Total current assets | $58M | $62M | $63M | $64M | $54M | $78M | $86M | $99M | $109M | $147M |
| Property, plant and equipment | $36M | $35M | $30M | $29M | $27M | $25M | $27M | $38M | $35M | $44M |
| Goodwill | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
| Total assets | $102M | $105M | $102M | $112M | $103M | $123M | $123M | $156M | $165M | $217M |
| Total current liabilities | $28M | $39M | $37M | $33M | $28M | $38M | $44M | $58M | $54M | $80M |
| Long-term debt | $7M | $8M | $7M | $7M | $6M | $5M | $4M | $4M | $4M | $13M |
| Total liabilities | $42M | $53M | $51M | $57M | $53M | $69M | $65M | $90M | $93M | $127M |
| Shareholders' equity | $59M | $51M | $52M | $56M | $49M | $54M | $58M | $66M | $72M | $91M |
| Net debt | $313,000 | $9M | -$3M | $3M | $6M | $4M | $9M | $8M | -$3M | -$6M |
Cash flow
Fiscal years, from PPIH's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5M | -$2M | $5M | $4M | $165,000 | -$3M | -$1M | $15M | $14M | $9M |
| Capital spending | $2M | $3M | $1M | $2M | $2M | $2M | $7M | $11M | $3M | $10M |
| Free cash flow | -$8M | -$4M | $4M | $2M | -$2M | -$5M | -$8M | $4M | $11M | -$1M |
| Stock-based compensation | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $913,000 | $860,000 | $3M |
| Share buybacks (net) | — | — | — | — | $0 | -$2M | -$69,000 | -$942,000 | $0 | — |
| Net borrowing | -$10M | -$211,000 | $0 | — | $19,000 | — | — | — | — | — |
| Free cash flow margin | -7.8% | -4.2% | 2.8% | 1.7% | -2.1% | -3.5% | -5.8% | 2.4% | 7.0% | -0.6% |
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Open PPIH in InvestinglyQuestions
What was PPIH's revenue in 2026?
$211M in fiscal 2026, from its 10-K filing.
How much free cash flow does PPIH generate?
-$1M in fiscal 2026 (operating cash flow minus capital spending).
From PPIH's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.