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Target Hospitality TH Adjusted Gross Profit

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Segments

By segment

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Workforce Hospitality Solutions$9.27M+630%
Hospitality And Facilities Services South$8.4M-23.8%
Government$4.96M-74.2%
All Other Segments-$165K-206%

Other financials

Income statement

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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

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Market cap$1.59B+120%
Enterprise value$1.6B+122%
P/S4.9×+2.6×

Profitability

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

Returns & leverage

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Return on equity-11%-22.2pp
Debt / equity0.0×
Current ratio0.8×-1.1×

Where this comes from

Reported directly by Target Hospitality in its filing.

Tagged under the XBRL concept th:AdjustedGrossProfit.

The source filing: Target Hospitality’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 2:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058542
Line itemFor the Three Months Ended / March 31, 2026For the Three Months Ended / March 31, 2025
Total reportable segment adjusted gross profit$22,623$31,480
Other adjusted gross profit(165)156
Depreciation and amortization(19,596)(17,645)
Selling, general, and administrative expenses(14,557)(14,805)
Other expense, net(2,628)(262)
Loss on extinguishment of debt(2,370)
Interest expense, net(892)(4,329)
Consolidated loss before income taxes$(15,215)$(7,775)

Item 1.Financial Statements

FAQ

What is Target Hospitality's adjusted gross profit?
Target Hospitality (TH) reported adjusted gross profit of $22.62M in Q1 2026.
How has Target Hospitality's adjusted gross profit changed year-over-year?
Target Hospitality's adjusted gross profit decreased by 28.1% year-over-year, from $31.48M to $22.62M.
What is the long-term trend for Target Hospitality's adjusted gross profit?
Over 4 years (2021 to 2025), Target Hospitality's adjusted gross profit has grown at a -9.3% compound annual growth rate (CAGR), from $147.14M to $99.59M.
What does adjusted gross profit mean?
This metric represents gross profit adjusted to exclude specific non-recurring or non-cash items, providing a normalized view of core product profitability. It helps investors assess the underlying margin performance of the company's primary business activities independent of accounting anomalies.

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