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Target Hospitality TH Government — Revenue

Other segment segments

Hospitality And Facilities Services South
$33.06M-8.3%
Workforce Hospitality Solutions
$23.62M+354%
All Other Segments
$2.66M-8.5%

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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$1.59B+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 us-gaap:Revenues.

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
For the Three Months Ended March 31, 2026HFS - SouthWHSGovernmentAll OtherTotal
Revenue$33,057$23,620$13,443$2,661$72,781
Less: Adjusted Cost of Sales (b)
Labor costs$9,953$2,413$2,695$1,135$16,196
Outside services83451129
Community operating costs12,8453,4105,1811,57023,006
Costs of construction76,5046,511
Repairs and maintenance1,212410548852,255
Other costs5541,57363362,226

Item 1.Financial Statements

FAQ

What is Target Hospitality's government — revenue?
Target Hospitality (TH) reported government — revenue of $13.44M in Q1 2026.
How has Target Hospitality's government — revenue changed year-over-year?
Target Hospitality's government — revenue decreased by 47.7% year-over-year, from $25.72M to $13.44M.
What is the long-term trend for Target Hospitality's government — revenue?
Over 4 years (2021 to 2025), Target Hospitality's government — revenue has grown at a -18.0% compound annual growth rate (CAGR), from $156.3M to $70.8M.
What does government — revenue mean?
This metric represents the total revenue generated from government contracts, excluding any taxes collected on behalf of third parties. It serves as a primary indicator of the segment's market demand and ability to secure public sector business.

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