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Target Hospitality TH Total Revenue

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Segments

By segment

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Hospitality And Facilities Services South$33.06M-8.3%
Workforce Hospitality Solutions$23.62M+354%
Government$13.44M-47.7%
All Other Segments$2.66M-8.5%

By product

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Service$46.51M-7.2%
Construction Fee Income$9.69M+102%

Other financials

Income statement

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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
Line itemFor the Three Months Ended / March 31, 2026For the Three Months Ended / March 31, 2025
Services income$46,511$50,107
Specialty rental income16,57614,995
Construction fee income9,6944,795
Total revenue72,78169,897
Costs:
Services and construction costs46,73835,768
Specialty rental3,5852,493
Depreciation of specialty rental assets15,57513,672

Item 1.Financial Statements

FAQ

What is Target Hospitality's total revenue?
Target Hospitality (TH) reported total revenue of $72.78M in Q1 2026.
How has Target Hospitality's total revenue changed year-over-year?
Target Hospitality's total revenue increased by 4.1% year-over-year, from $69.9M to $72.78M.
What is the long-term trend for Target Hospitality's total revenue?
Over 4 years (2021 to 2025), Target Hospitality's total revenue has grown at a 2.4% compound annual growth rate (CAGR), from $291.34M to $320.64M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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