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Target Hospitality TH Q2 2025 earnings

Reported August 7, 2025 · Before market open

Revenue$61.6MMiss by $23.7M
EPS-$0.15Miss by $0.04
Revenue estimate$85.3M
EPS estimate-$0.11

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$79.3M
EPS estimate-$0.10

Financials

Q2 2025

Income statement

See full
Revenue$61.6M-38.8%
Gross profit-$328.0K-101%
Operating income-$16.9M-157%
Net income-$14.9M-181%
EPS (diluted)-$0.15-183%

Balance sheet

See full
Cash & equivalents$19.2M-87.5%
Total debt$13.8M-93.0%
Total equity$401.3M+1.0%
Total assets$533.7M-23.4%

Cash flow

See full
Operating cash flow$11.1M-71.7%
CapEx$35.0K-72.2%
Free cash flow$11.0M-71.7%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$715.43M-18.4%
Enterprise value$709.97M-22.8%
P/E64.4×+57.3×
P/S2.3×+0.5×

Profitability

See full
Gross margin32.2%-18.9pp
Operating margin9.9%-26.3pp
Net margin3.6%-21.9pp
FCF margin24.5%-11.9pp

Returns & leverage

See full
Return on equity2.8%-32.8pp
Debt / equity-0.5×
Current ratio1.5×+0.6×

Segments

By segment

See full
Hospitality And Facilities Services South$36.2M-5.4%
Workforce Hospitality Solutions$15.0M
Government$7.5M-87.5%
All Other Segments$2.9M+10.7%

By product

See full
Service$40.5M-40.0%
Construction Fee Income$14.4M

Versus estimates

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Questions, answered.

When did Target Hospitality report Q2 2025 earnings?
Target Hospitality (TH) reported Q2 2025 earnings on August 7, 2025 before market open.
What were Target Hospitality's Q2 2025 revenue and EPS?
Target Hospitality reported revenue of $61.6M and eps of $-0.15 for Q2 2025.
Did Target Hospitality beat estimates in Q2 2025?
Revenue missed the consensus estimate of $85.3M by $23.7M. EPS missed the consensus estimate of $-0.11 by $0.04.
How did Target Hospitality's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 38.8% from $100.7M a year earlier.
Where can I find Target Hospitality's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001558370-25-010732) directly on SEC EDGAR. The filing index links above go to sec.gov.