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Target Hospitality TH Workforce Hospitality Solutions — Number Of Customers

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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$1.64B+96.3%
Enterprise value$1.65B+98.2%
P/S4.7×+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 th:NumberOfCustomers.

The source filing: Target Hospitality’s 10-K, filed March 11, 2026.

Filed
Mar 11, 2026, 3:21 PM EDT
Fiscal year
FY2025
Accession
0001104659-26-026351

Revenues from one customer of the Company’s WHS segment represented approximately $89.2 million of the Company’s consolidated revenues for the year ended December 31, 2025. Revenues from one customer within the WHS segment represented approximately 28% of the Company’s consolidated revenues for the year ended December 31, 2025.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Target Hospitality's workforce hospitality solutions — number of customers?
Target Hospitality (TH) reported workforce hospitality solutions — number of customers of 1 in Q4 2025.
What does workforce hospitality solutions — number of customers mean?
This metric represents the total count of unique clients or accounts served by the Workforce Hospitality Solutions segment. It acts as a primary indicator of market penetration and customer base health within the hospitality sector. Changes in this figure provide visibility into the segment's ability to attract and retain business in a competitive market.

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