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Target Hospitality TH Hotel — Revenue Not From Contract With Customer

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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 us-gaap:RevenueNotFromContractWithCustomer.

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

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Questions, answered.

What is Target Hospitality's hotel — revenue not from contract with customer?
Target Hospitality (TH) reported hotel — revenue not from contract with customer of $16.6M in Q1 2026.
How has Target Hospitality's hotel — revenue not from contract with customer changed year-over-year?
Target Hospitality's hotel — revenue not from contract with customer increased by 10.7% year-over-year, from $15M to $16.6M.
What is the long-term trend for Target Hospitality's hotel — revenue not from contract with customer?
Over 4 years (2021 to 2025), Target Hospitality's hotel — revenue not from contract with customer has grown at a -12.1% compound annual growth rate (CAGR), from $76.91M to $45.82M.
What does hotel — revenue not from contract with customer mean?
Represents income generated by the hotel segment that falls outside the scope of standard customer service contracts. This typically includes ancillary income streams such as incidental property fees, rental income, or other non-core operational receipts. Monitoring this metric helps investors identify secondary revenue sources that diversify the segment's total income profile.