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Target Hospitality TH Q1 2026 earnings

Reported May 11, 2026 · Before market open

Revenue$72.8MMiss by $419.0K
EPS-$0.13Miss by $0.02
Revenue estimate$73.2M
EPS estimate-$0.11

Next report

Nov 5, 2026 (in a month)
Revenue estimate$118.4M
EPS estimate$0.01

Financials

Q1 2026

Income statement

See full
Revenue$72.8M+4.1%
Gross profit$6.9M-61.7%
Operating income-$14.3M-1,231%
Net income-$12.9M-100.0%
EPS (diluted)-$0.13-85.7%

Balance sheet

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Cash & equivalents$5.5M-84.2%
Total debt$11.0M-20.4%
Total equity$376.9M-9.2%
Total assets$539.5M-4.1%

Cash flow

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Operating cash flow$7.0M+78.7%
CapEx$176.0K-71.4%
Free cash flow$6.9M+106%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$929.42M+42.2%
Enterprise value$934.98M+47.7%
P/S2.9×+1.0×

Profitability

See full
Gross margin9.8%-32.3pp
Operating margin-14.8%-36.9pp
Net margin-13.5%-26.2pp
FCF margin23.8%-6.0pp

Returns & leverage

See full
Return on equity-11%-22.2pp
Debt / equity0×0.0×
Current ratio0.8×-1.1×

Segments

By segment

See full
Hospitality And Facilities Services South$33.1M-8.3%
Workforce Hospitality Solutions$23.6M+354%
Government$13.4M-47.7%
All Other Segments$2.7M-8.5%

By product

See full
Service$46.5M-7.2%
Construction Fee Income$9.7M+102%

FAQ

When did Target Hospitality report Q1 2026 earnings?
Target Hospitality (TH) reported Q1 2026 earnings on May 11, 2026 before market open.
What were Target Hospitality's Q1 2026 revenue and EPS?
Target Hospitality reported revenue of $72.8M and eps of $-0.13 for Q1 2026.
Did Target Hospitality beat estimates in Q1 2026?
Revenue missed the consensus estimate of $73.2M by $419.0K. EPS missed the consensus estimate of $-0.11 by $0.02.
How did Target Hospitality's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.1% from $69.9M a year earlier and eps declined 160.0% from $-0.05.
Where can I find Target Hospitality's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-058236) and the 10-Q periodic report (0001104659-26-058542) directly on SEC EDGAR. The filing index links above go to sec.gov.