Target Hospitality Corp. (TH) Financial Statements (2026 and earlier)

Company Profile

Business Address 9320 LAKESIDE BLVD.
THE WOODLANDS, TX 77381
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,348190,668103,929181,67323,4066,979
Cash and cash equivalent8,348190,668103,929181,67323,4066,979
Receivables56,20049,34267,09242,15328,78029,388
Inventory, net of allowances, customer advances and progress billings 2,1001,9002,1002,0001,600900
Inventory 2,1001,9002,1002,0001,600900
Other undisclosed current assets6,6907,4267,37910,5536,7506,295
Total current assets:73,338249,336180,500236,37960,53643,562
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3,8073,3182,4222,313  
Operating lease, right-of-use asset6,54424,93519,69827,298  
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization(472,148)320,852349,064357,129291,792311,487
Intangible asset, including goodwill, after accumulated amortization80,37093,845107,320116,220129,523144,159
Goodwill41,03841,03841,03841,03841,03841,038
Intangible asset, excluding goodwill, after accumulated amortization39,33252,80766,28275,18288,485103,121
Deferred income tax assets     14,71015,179
Other noncurrent assets  6611,9073,4205,409
Other undisclosed noncurrent assets838,29433,48834,68830,48113,41114,441
Total noncurrent assets:456,867476,438513,853535,348452,856490,675
TOTAL ASSETS:530,205725,774694,353771,727513,392534,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66,86841,96954,57857,20544,92935,343
Accounts payable44,39316,18720,92617,56311,80310,644
Accrued liabilities22,47525,78233,65239,64233,12624,699
Deferred revenue9,2826991,794120,04027,1386,619
Debt2,086182,1881,3691,1357293,571
Other undisclosed current liabilities5,8078,54812,58912,516  
Total current liabilities:84,043233,40470,330190,89672,79645,533
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,6751,451179,117329,936330,908374,768
Long-term debt, excluding current maturities  178,093   
Finance lease, liability1,6751,4511,0241,088696269
Other undisclosed long-term debt and lease obligation    328,848330,212374,499
Liabilities, other than long-term debt55,42769,82967,59940,31110,81715,048
Deferred revenue9,2925363,6755,4797,27311,752
Asset retirement obligations2,6952,5632,4242,2472,0792,284
Deferred income tax liabilities42,31249,27153,07415,172  
Financial instruments subject to mandatory redemption, settlement terms, share value, amount      533
Other liabilities    6,3091,465479
Operating lease, liability1,12817,4598,42611,104  
Other undisclosed noncurrent liabilities    9,7371,600 
Total noncurrent liabilities:57,10271,280246,716379,984343,325389,816
Total liabilities:141,145304,684317,046570,880416,121435,349
Equity
Equity, attributable to parent389,257421,081377,307200,84797,27198,888
Common stock101010101010
Treasury stock, value(57,304)(57,304)(23,559)(23,559)(23,559)(23,559)
Additional paid in capital154,090148,780142,379139,287109,538106,551
Accumulated other comprehensive loss(2,798)(2,785)(2,638)(2,574)(2,462)(2,434)
Retained earnings295,259332,380261,11587,68313,74418,320
Equity, attributable to noncontrolling interest(197)9    
Total equity:389,060421,090377,307200,84797,27198,888
TOTAL LIABILITIES AND EQUITY:530,205725,774694,353771,727513,392534,237

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues320,635386,272563,608501,985291,337225,148
Operating lease, lease income 45,800120,400198,000168,30076,90053,000
Cost of revenue
(Cost of Product and Service Sold)		(57,182)(57,164)(68,626)(52,833)(53,609)(49,965)
Other undisclosed gross profit(220,794)(150,929)(181,658)(202,024)(136,378)(118,028)
Gross profit:42,659178,179313,324247,128101,35057,155
Operating expenses(58,508)(54,258)(56,126)(57,893)(46,461)(38,128)
Other operating income (expense), net(2,694)502(1,241)(36)(880)723
Other undisclosed operating loss(16,204)(15,642)(15,351)(14,832)(16,910)(15,649)
Operating income (loss):(34,747)108,781240,606174,36737,0994,101
Interest and debt expense(2,824)(301)(2,491)(72)(58)(3,950)
Income (loss) from continuing operations before equity method investments, income taxes:(37,571)108,480238,115174,29537,041151
Other undisclosed loss from continuing operations before income taxes(5,632)(15,643)(13,365)(67,986)(39,713)(33,737)
Income (loss) from continuing operations before income taxes:(43,203)92,837224,750106,309(2,672)(33,586)
Income tax expense (benefit)6,126(21,430)(51,050)(32,370)(1,904)8,455
Income (loss) from continuing operations:(37,077)71,407173,70073,939(4,576)(25,131)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(4,576)(25,131)
Net income (loss):(37,077)71,407173,70073,939(4,576)(25,131)
Net income (loss) attributable to noncontrolling interest(44)(142)    
Net income (loss) available to common stockholders, basic:(37,121)71,265173,70073,939(4,576)(25,131)
Dilutive securities, effect on basic earnings per share   (9,062)   
Net income (loss) available to common stockholders, diluted:(37,121)71,265164,63873,939(4,576)(25,131)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(37,077)71,407173,70073,939(4,576)(25,131)
Comprehensive income (loss):(37,077)71,407173,70073,939(4,576)(25,131)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(44)(142)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31(5)(64)(112)(28)124
Comprehensive income (loss), net of tax, attributable to parent:(37,090)71,260173,63673,827(4,604)(25,007)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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