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Target Hospitality TH Workforce Hospitality Solutions — Adjusted Gross Profit

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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 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
For the Three Months Ended March 31, 2026HFS - SouthWHSGovernmentAll OtherTotal
Community operating costs12,8453,4105,1811,57023,006
Costs of construction76,5046,511
Repairs and maintenance1,212410548852,255
Other costs5541,57363362,226
Adjusted gross profit$8,403$9,265$4,955$(165)$22,458
Depreciation of specialty rental assets$4,276$4,036$6,395$868$15,575
Capital expenditures (c)$1,217$43,754$63$20
Total Assets$159,521$142,110$115,103$19,984$436,718

Item 1.Financial Statements

FAQ

What is Target Hospitality's workforce hospitality solutions — adjusted gross profit?
Target Hospitality (TH) reported workforce hospitality solutions — adjusted gross profit of $9.27M in Q1 2026.
How has Target Hospitality's workforce hospitality solutions — adjusted gross profit changed year-over-year?
Target Hospitality's workforce hospitality solutions — adjusted gross profit increased by 630.1% year-over-year, from $1.27M to $9.27M.
What does workforce hospitality solutions — adjusted gross profit mean?
This metric represents the profitability of the workforce hospitality segment after deducting direct costs of goods and services sold, adjusted for specific management-defined items. It provides a clearer view of the core operational efficiency and pricing power of the segment. Investors use this to evaluate the segment's ability to generate value before accounting for corporate overhead and taxes.

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