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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 Q1 | 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,348 | 30,387 | 19,237 | 34,468 | 190,668 | 177,747 | |||
| Cash and cash equivalent | 8,348 | 30,387 | 19,237 | 34,468 | 190,668 | 177,747 | |||
| Receivables | 56,200 | 42,734 | 57,435 | 56,949 | 49,342 | 47,288 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,100 | 1,900 | |||||||
| Inventory | 2,100 | 1,900 | |||||||
| Other undisclosed current assets | 6,690 | 6,323 | 6,375 | 8,172 | 7,426 | 6,340 | |||
| Total current assets: | 73,338 | 79,444 | 83,047 | 99,589 | 249,336 | 231,375 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3,807 | 3,318 | |||||||
| Operating lease, right-of-use asset | 6,544 | 8,534 | 7,719 | 8,166 | 24,935 | 13,224 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | (472,148) | 331,694 | 317,375 | 326,129 | 320,852 | 331,581 | |||
| Intangible asset, including goodwill, after accumulated amortization | 80,370 | 83,742 | 87,114 | 90,482 | 93,845 | 97,217 | |||
| Goodwill | 41,038 | 41,038 | 41,038 | 41,038 | 41,038 | 41,038 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 39,332 | 42,704 | 46,076 | 49,444 | 52,807 | 56,179 | |||
| Other noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | 838,294 | 37,741 | 38,459 | 38,154 | 33,488 | 36,388 | |||
| Total noncurrent assets: | 456,867 | 461,711 | 450,667 | 462,931 | 476,438 | 478,410 | |||
| TOTAL ASSETS: | 530,205 | 541,155 | 533,714 | 562,520 | 725,774 | 709,785 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 66,868 | 63,354 | 38,594 | 40,570 | 41,969 | 39,599 | |||
| Accounts payable | 44,393 | 45,812 | 21,426 | 23,126 | 16,187 | 16,922 | |||
| Accrued liabilities | 22,475 | 17,542 | 17,168 | 17,444 | 25,782 | 22,677 | |||
| Deferred revenue | 9,282 | 9,434 | 8,508 | 1,010 | 699 | 400 | |||
| Debt | 2,086 | 2,221 | 2,411 | 2,250 | 182,188 | 181,289 | |||
| Other undisclosed current liabilities | 5,807 | 7,411 | 7,106 | 6,682 | 8,548 | 8,005 | |||
| Total current liabilities: | 84,043 | 82,420 | 56,619 | 50,512 | 233,404 | 229,293 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,675 | 2,016 | 26,343 | 42,943 | 1,451 | 994 | |||
| Long-term debt, excluding current maturities | 24,000 | 40,900 | |||||||
| Finance lease, liability | 1,675 | 2,016 | 2,343 | 2,043 | 1,451 | 994 | |||
| Liabilities, other than long-term debt | 55,427 | 54,473 | 49,567 | 53,797 | 69,829 | 61,863 | |||
| Deferred revenue | 9,292 | 5,534 | 536 | 536 | 536 | 536 | |||
| Asset retirement obligations | 2,695 | 2,661 | 2,628 | 2,595 | 2,563 | 2,532 | |||
| Deferred income tax liabilities | 42,312 | 44,643 | 44,427 | 47,742 | 49,271 | 52,760 | |||
| Other liabilities | 44 | ||||||||
| Operating lease, liability | 1,128 | 1,635 | 1,976 | 2,880 | 17,459 | 6,035 | |||
| Total noncurrent liabilities: | 57,102 | 56,489 | 75,910 | 96,740 | 71,280 | 62,857 | |||
| Total liabilities: | 141,145 | 138,909 | 132,529 | 147,252 | 304,684 | 292,150 | |||
| Equity | |||||||||
| Equity, attributable to parent | 389,257 | 402,377 | 401,276 | 415,315 | 421,081 | 417,600 | |||
| Common stock | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Treasury stock, value | (57,304) | (57,304) | (57,304) | (57,304) | (57,304) | (45,977) | |||
| Additional paid in capital | 154,090 | 152,272 | 150,350 | 149,479 | 148,780 | 146,379 | |||
| Accumulated other comprehensive loss | (2,798) | (2,794) | (2,768) | (2,789) | (2,785) | (2,690) | |||
| Retained earnings | 295,259 | 310,193 | 310,988 | 325,919 | 332,380 | 319,878 | |||
| Equity, attributable to noncontrolling interest | (197) | (131) | (91) | (47) | 9 | 35 | |||
| Total equity: | 389,060 | 402,246 | 401,185 | 415,268 | 421,090 | 417,635 | |||
| TOTAL LIABILITIES AND EQUITY: | 530,205 | 541,155 | 533,714 | 562,520 | 725,774 | 709,785 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2026 Q1 | 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 89,777 | 99,355 | 61,606 | 69,897 | 83,688 | 95,191 | ||
| Cost of revenue (Cost of Product and Service Sold) | (15,555) | (14,371) | (13,584) | (13,672) | (13,521) | (14,057) | ||
| Other undisclosed gross profit | (67,144) | (67,039) | (48,350) | (38,261) | (33,136) | (35,924) | ||
| Gross profit: | 7,078 | 17,945 | (328) | 17,964 | 37,031 | 45,210 | ||
| Operating expenses | (18,121) | (12,918) | (12,664) | (14,805) | (12,626) | (13,319) | ||
| Other operating income (expense), net | (1,724) | (865) | 156 | (262) | 344 | 2 | ||
| Other undisclosed operating loss | (4,056) | (4,093) | (4,082) | (3,973) | (3,947) | (3,902) | ||
| Operating income (loss): | (16,823) | 69 | (16,918) | (1,076) | 20,802 | 27,991 | ||
| Interest and debt expense | 6,508 | (458) | (996) | (7,879) | 15,043 | (5,119) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (10,315) | (389) | (17,914) | (8,955) | 35,845 | 22,872 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (6,870) | 59 | 1,180 | (18,989) | 1,306 | |||
| Income (loss) from continuing operations before income taxes: | (17,185) | (389) | (17,855) | (7,775) | 16,856 | 24,178 | ||
| Income tax expense (benefit) | 2,242 | (368) | 2,937 | 1,316 | (4,312) | (4,084) | ||
| Net income (loss): | (14,943) | (757) | (14,918) | (6,459) | 12,544 | 20,094 | ||
| Net income (loss) attributable to noncontrolling interest | 9 | (38) | (13) | (2) | (42) | (100) | ||
| Net income (loss) available to common stockholders, diluted: | (14,934) | (795) | (14,931) | (6,461) | 12,502 | 19,994 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2026 Q1 | 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (14,943) | (757) | (14,918) | (6,459) | 12,544 | 20,094 | ||
| Comprehensive income (loss): | (14,943) | (757) | (14,918) | (6,459) | 12,544 | 20,094 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9 | (38) | (13) | (2) | (42) | (100) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (13) | 12 | 34 | (2) | (53) | 88 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (14,947) | (783) | (14,897) | (6,463) | 12,449 | 20,082 | ||
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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