TH
Target Hospitality Corp.
NASDAQ · Industrials · Specialty Business Services · US
$19.31
+4.15%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 347.4M | 320.6M | 386.3M | 563.6M | 502.0M |
| Cost of Revenue | 321.9M | 307.7M | 208.1M | 250.3M | 254.9M |
| Gross Profit | 25.4M | 13.0M | 178.2M | 313.3M | 247.1M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 54.1M | 41.3M | 54.3M | 56.1M | 57.9M |
| General & Admin Expense | — | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 4.5M | — | 15.1M | 16.6M | 14.9M |
| Total Operating Expenses | 58.6M | 41.3M | 69.4M | 72.7M | 72.8M |
| Cost and Expenses | 380.6M | 348.9M | 277.5M | 323.0M | 327.6M |
| Operating Income (EBIT) | (33.2M) | (28.3M) | 108.8M | 240.6M | 174.4M |
| Non-Operating | |||||
| Interest Income | 248.0K | 2.3M | 6.7M | 4.1M | 1.5M |
| Interest Expense | 3.0M | 8.4M | 23.3M | 26.8M | 37.9M |
| Net Interest Income | (2.7M) | (6.1M) | (16.6M) | (22.6M) | (36.3M) |
| Other Non-Op Income/Expense | (8.1M) | (14.9M) | (15.9M) | (15.9M) | (68.1M) |
| Non-Operating Income (excl Interest) | 5.1M | 6.5M | (675.0K) | (8.0M) | 30.2M |
| EBT (Pre-Tax Income) | (41.3M) | (43.2M) | 92.8M | 224.8M | 106.3M |
| Income Tax Expense | (3.7M) | (6.1M) | 21.4M | 51.0M | 32.4M |
| Bottom Line | |||||
| Net Income | (37.7M) | (37.1M) | 71.3M | 173.7M | 73.9M |
| Earnings from Cont. Ops | (37.6M) | (37.1M) | 71.4M | 173.7M | 73.9M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (37.7M) | (37.1M) | 71.3M | 164.6M | 73.9M |
| Per Share | |||||
| Basic EPS | ($0.38) | ($0.37) | $0.71 | $1.62 | $0.76 |
| Diluted EPS | ($0.38) | ($0.37) | $0.70 | $1.56 | $0.74 |
| Revenue Per Share | $3.47 | $3.22 | $3.86 | $5.56 | $5.16 |
| Shares | |||||
| Basic Shares Outstanding | 100.2M | 99.5M | 100.1M | 101.4M | 97.2M |
| Diluted Shares Outstanding | 100.2M | 99.5M | 101.4M | 105.3M | 100.1M |
| Profitability Metrics | |||||
| EBITDA | 31.6M | 54.9M | 125.1M | 332.6M | 224.3M |
| D&A | 69.9M | 89.7M | 15.6M | 84.0M | 80.1M |
| EBIT | (38.3M) | (34.8M) | 109.5M | 248.6M | 144.2M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026