THNasdaqHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31

Target Hospitality Corp.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026

$15.32−0.14 (-0.91%)

Close on Oct 19, 2026

Market cap: $1.54B
P/E (TTM): –
Dividend yield: –

Target Hospitality Corp. income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31
Revenue	321	386	564	502	291	225	321	241	134
Gross Profit	43	178	313	247	101	57	147	90	53
Selling, General & Admin	59	54	56	58	46	38	77	41	24
General & Administrative	–	–	–	–	–	–	–	1.62	–
Operating Income	-35	109	241	174	37	4.10	48	41	21
Interest Expense	–	–	–	–	–	–	29	2.40	2.69
Interest & Investment Income	–	–	–	–	–	–	–	5.63	–
Merger & Restructuring Charges	–	–	–	–	0	0	0.17	8.59	2.18
Asset Impairment Charges	0	0	0	0	0	0	0	15	0
Gain (Loss) on Sale of Assets	-0.01	0.32	-0.14	0.10	-0.38	0.21	-6.87	–	0.03
Pretax Income	-43	93	225	106	-2.67	-34	20	17	27
Income Tax Expense	-6.13	21	51	32	1.90	-8.46	7.61	12	26
Net Income incl. Noncontrolling Interests	-37	71	174	74	–	–	–	–	–
Minority Interest in Earnings	0.04	0.14	–	–	–	–	–	–	–
Net Income	-37	71	174	74	-4.58	-25	12	4.96	0.98
Net Income to Common	-37	71	174	74	-4.58	-25	–	–	–
EPS (Basic)(per share)	-0.37	0.71	1.71	0.76	-0.05	-0.26	0.13	0.12	0.04
EPS (Diluted)(per share)	-0.37	0.70	1.56	0.74	-0.05	-0.26	0.13	0.12	0.04
Shares Outstanding (Basic, Weighted)(shares)	100	100	101	97	97	96	95	41	26
Shares Outstanding (Diluted, Weighted)(shares)	100	101	105	100	97	96	95	41	26
EBITDA	39	182	325	242	108	70	107	80	52
Net Interest Income	-6.09	-17	-23	-36	-39	-40	-33	-24	5.11

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 13.7%
Operating margin: -11.1%
Net margin: -10.8%
Return on equity, FY2025: -9.2%

Financial strength

Current ratio: 0.65
Debt to equity: 0.12
Debt to assets: 6.8%
Cash to current liabilities: 6.1%

Valuation

P/E ratio: –
Price to sales: 4.42
Price to book: 4.15
Dividend yield: –