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Target Hospitality TH Government — Number Of Customers

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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$1.99B+42.2%

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:NumberOfCustomers.

The official record: Target Hospitality’s 10-K, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target Hospitality's government — number of customers?
Target Hospitality (TH) reported government — number of customers of 2 in Q4 2025.
How has Target Hospitality's government — number of customers changed year-over-year?
Target Hospitality's government — number of customers decreased by 0.0% year-over-year, from 2 to 2.
What does government — number of customers mean?
This metric represents the total count of distinct government entities or agencies currently under contract. It serves as a key indicator of market penetration and the breadth of the client base within the government sector. A larger customer base often suggests greater revenue stability and reduced reliance on any single government account.