Revenue for the year ended December 31, 2025, increased by 24.7% to $186.5 million, with organic growth contributing 6.2%. GAAP Net loss increased to $(39.0) million in 2025 from $(24.0) million in 2024, primarily due to a $29.6 million non-cash share-based accounting charge related to the UK IPO, a $9.7 million increase in post-combination compensation, and a $9.1 million impairment charge for Pagefield's intangibles and goodwill. Adjusted EBITDA reached a record $45.4 million, up 17.7% year-over-year, with an Adjusted EBITDA margin of 24.3%. Adjusted Net Income increased by 32.1% to $36.6 million, and Adjusted EPS fully diluted grew by 24.7% to $1.39. Net cash provided by operating activities increased by $8.4 million to $24.8 million, and Adjusted Free Cash Flow rose to $36.9 million from $22.2 million in 2024. The company completed two earnings-accretive acquisitions in 2025: TrailRunner International for an initial $33.0 million plus earnouts, and Pine Cove for an initial $3.0 million plus earnouts. PPHC's client base is highly diversified, with the top 10 clients representing 9.2% of revenue in 2025, and no single client accounting for more than 2.1% of overall revenues. The company maintains a high client retention rate, with an average annual client renewal rate of approximately 77.4% and an average revenue retention of 85.5% between 2020 and 2025. Government Relations Consulting revenue increased by 5.9% to $108.5 million, Corporate Communications & Public Affairs Consulting revenue increased by 78.7% to $65.1 million, and Compliance and Insights Services revenue grew by 21.5% to $13.0 million. International revenues grew to $8.9 million (4.8% of total revenue) in 2025, up from $4.1 million (2.7%) in 2024, due to Pagefield and TrailRunner acquisitions.