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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$85.5M+38.7%
Gross profit$15.8M+4,916%
Operating income-$7.5M+55.7%
Net income-$9.0M+39.5%
EPS (diluted)-$0.09+40.0%

Balance sheet

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Cash & equivalents$6.1M-68.5%
Total debt$10.9M-21.2%
Total equity$370.1M-7.8%
Total assets$654.2M+22.6%

Cash flow

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Operating cash flow$104.0M+840%
CapEx$5.4M+15,466%
Free cash flow$98.5M+794%

Valuation

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Market cap$1.6B+96.3%
Enterprise value$1.61B+98.2%
P/S4.6×+2.0×

Profitability

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Gross margin13.7%-18.4pp
Operating margin-11.1%-21.0pp
Net margin-10.8%-14.4pp
FCF margin47.3%+22.9pp

Returns & leverage

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Return on equity-9.8%-12.6pp
Debt / equity0.0×
Current ratio0.6×-0.8×

Where this comes from

Reported directly by Target Hospitality in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The source filing: Target Hospitality’s 10-Q, filed August 10, 2026. Open the filing →

Filed
Aug 10, 2026, 1:49 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-093264

FAQ

What is Target Hospitality's hotel — revenue not from contract with customer?
Target Hospitality (TH) reported hotel — revenue not from contract with customer of $30.8M in Q2 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 358.6% year-over-year, from $6.72M to $30.8M.
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.

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