# Target Hospitality Corp.: financial statements, quarterly

TH · Nasdaq · CIK 1712189 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/th.md) · [Financials](/companies/th/financials.md) · [Filings](/companies/th/filings.md) · [Insiders](/companies/th/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/th/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [93.5](/filings/0001558370-24-015251.md) | [84.7 d](/filings/0001104659-26-026351.md) | [72.4](/filings/0001558370-25-007977.md) | [67.5](/filings/0001558370-25-010732.md) | [65.8](/filings/0001104659-25-107639.md) | [60.2 d](/filings/0001104659-26-026351.md) | [54.9](/filings/0001104659-26-058542.md) | [54.9](/filings/0001104659-26-093264.md) | [91.6](/filings/0001104659-25-107639.md) | [73.5 d](/filings/0001104659-26-026351.md) | [56.2](/filings/0001104659-26-058542.md) | [54.7](/filings/0001104659-26-093264.md) |
| Gross profit | $m | [86.8](/filings/0001558370-24-015251.md) | [62.2 d](/filings/0001104659-26-026351.md) | [49.1](/filings/0001558370-25-007977.md) | [46.9](/filings/0001558370-25-010732.md) | [45.2](/filings/0001104659-25-107639.md) | [37.0 d](/filings/0001104659-26-026351.md) | [18.0](/filings/0001104659-26-058542.md) | [(0.3)](/filings/0001104659-26-093264.md) | [17.9](/filings/0001104659-25-107639.md) | [7.1 d](/filings/0001104659-26-026351.md) | [6.9](/filings/0001104659-26-058542.md) | [15.8](/filings/0001104659-26-093264.md) |
| Selling, general and administrative | $m | [15.3](/filings/0001558370-24-015251.md) | [12.2 d](/filings/0001104659-26-026351.md) | [14.9](/filings/0001558370-25-007977.md) | [13.5](/filings/0001558370-25-010732.md) | [13.3](/filings/0001104659-25-107639.md) | [12.6 d](/filings/0001104659-26-026351.md) | [14.8](/filings/0001104659-26-058542.md) | [12.7](/filings/0001104659-26-093264.md) | [12.9](/filings/0001104659-25-107639.md) | [18.1 d](/filings/0001104659-26-026351.md) | [14.6](/filings/0001104659-26-058542.md) | [18.8](/filings/0001104659-26-093264.md) |
| Operating income | $m | [67.7](/filings/0001558370-24-015251.md) | [46.2 d](/filings/0001104659-26-026351.md) | [30.4](/filings/0001558370-25-007977.md) | [29.6](/filings/0001558370-25-010732.md) | [28.0](/filings/0001104659-25-107639.md) | [20.8 d](/filings/0001104659-26-026351.md) | [(1.1)](/filings/0001104659-26-058542.md) | [(16.9)](/filings/0001104659-26-093264.md) | [0.1](/filings/0001104659-25-107639.md) | [(16.8) d](/filings/0001104659-26-026351.md) | [(14.3)](/filings/0001104659-26-058542.md) | [(7.5)](/filings/0001104659-26-093264.md) |
| Interest expense | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Income tax | $m | [14.6](/filings/0001558370-24-015251.md) | [10.5 d](/filings/0001104659-26-026351.md) | [6.1](/filings/0001558370-25-007977.md) | [6.9](/filings/0001558370-25-010732.md) | [4.1](/filings/0001104659-25-107639.md) | [4.3 d](/filings/0001104659-26-026351.md) | [(1.3)](/filings/0001104659-26-058542.md) | [(2.9)](/filings/0001104659-26-093264.md) | [0.4](/filings/0001104659-25-107639.md) | [(2.2) d](/filings/0001104659-26-026351.md) | [(2.3)](/filings/0001104659-26-058542.md) | [0.5](/filings/0001104659-26-093264.md) |
| Net income | $m | [45.6](/filings/0001558370-24-015251.md) | [37.8 d](/filings/0001104659-26-026351.md) | [20.4](/filings/0001558370-25-007977.md) | [18.4](/filings/0001558370-25-010732.md) | [20.0](/filings/0001104659-25-107639.md) | [12.5 d](/filings/0001104659-26-026351.md) | [(6.5)](/filings/0001104659-26-058542.md) | [(14.9)](/filings/0001104659-26-093264.md) | [(0.8)](/filings/0001104659-25-107639.md) | [(14.9) d](/filings/0001104659-26-026351.md) | [(12.9)](/filings/0001104659-26-058542.md) | [(9.0)](/filings/0001104659-26-093264.md) |
| Diluted EPS | $ per share | [0.43](/filings/0001558370-24-015251.md) | not reported | [0.20](/filings/0001558370-25-007977.md) | [0.18](/filings/0001558370-25-010732.md) | [0.20](/filings/0001104659-25-107639.md) | not reported | [(0.07)](/filings/0001104659-26-058542.md) | [(0.15)](/filings/0001104659-26-093264.md) | [(0.01)](/filings/0001104659-25-107639.md) | not reported | [(0.13)](/filings/0001104659-26-058542.md) | [(0.09)](/filings/0001104659-26-093264.md) |
| Basic EPS | $ per share | [0.45](/filings/0001558370-24-015251.md) | not reported | [0.20](/filings/0001558370-25-007977.md) | [0.18](/filings/0001558370-25-010732.md) | [0.20](/filings/0001104659-25-107639.md) | not reported | [(0.07)](/filings/0001104659-26-058542.md) | [(0.15)](/filings/0001104659-26-093264.md) | [(0.01)](/filings/0001104659-25-107639.md) | not reported | [(0.13)](/filings/0001104659-26-058542.md) | [(0.09)](/filings/0001104659-26-093264.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Gross profit: us-gaap:GrossProfit
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: not reported
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [105](/filings/0001558370-23-018253.md) | [104](/filings/0001558370-25-003703.md) | [124](/filings/0001558370-24-007326.md) | [154](/filings/0001558370-24-011323.md) | [178](/filings/0001558370-24-015251.md) | [191](/filings/0001104659-26-026351.md) | [34.5](/filings/0001558370-25-007977.md) | [19.2](/filings/0001558370-25-010732.md) | [30.4](/filings/0001104659-25-107639.md) | [8.3](/filings/0001104659-26-093264.md) | [5.5](/filings/0001104659-26-058542.md) | [6.1](/filings/0001104659-26-093264.md) |
| Current assets | $m | [172](/filings/0001558370-23-018253.md) | [181](/filings/0001558370-25-003703.md) | [186](/filings/0001558370-24-007326.md) | [209](/filings/0001558370-24-011323.md) | [231](/filings/0001558370-24-015251.md) | [249](/filings/0001104659-26-026351.md) | [99.6](/filings/0001558370-25-007977.md) | [83.0](/filings/0001558370-25-010732.md) | [79.4](/filings/0001104659-25-107639.md) | [73.3](/filings/0001104659-26-093264.md) | [58.6](/filings/0001104659-26-058542.md) | [63.9](/filings/0001104659-26-093264.md) |
| Total assets | $m | [697](/filings/0001558370-23-018253.md) | [694](/filings/0001558370-25-003703.md) | [687](/filings/0001558370-24-007326.md) | [697](/filings/0001558370-24-011323.md) | [710](/filings/0001558370-24-015251.md) | [726](/filings/0001104659-26-026351.md) | [563](/filings/0001558370-25-007977.md) | [534](/filings/0001558370-25-010732.md) | [541](/filings/0001104659-25-107639.md) | [530](/filings/0001104659-26-093264.md) | [540](/filings/0001104659-26-058542.md) | [654](/filings/0001104659-26-093264.md) |
| Current liabilities | $m | [294](/filings/0001558370-23-018253.md) | [70.3](/filings/0001558370-25-003703.md) | [66.8](/filings/0001558370-24-007326.md) | [236](/filings/0001558370-24-011323.md) | [229](/filings/0001558370-24-015251.md) | [233](/filings/0001104659-26-026351.md) | [50.5](/filings/0001558370-25-007977.md) | [56.6](/filings/0001558370-25-010732.md) | [82.4](/filings/0001104659-25-107639.md) | [84.0](/filings/0001104659-26-093264.md) | [69.2](/filings/0001104659-26-058542.md) | [98.9](/filings/0001104659-26-093264.md) |
| Total liabilities | $m | [358](/filings/0001558370-23-018253.md) | [317](/filings/0001558370-25-003703.md) | [312](/filings/0001558370-24-007326.md) | [300](/filings/0001558370-24-011323.md) | [292](/filings/0001558370-24-015251.md) | [305](/filings/0001104659-26-026351.md) | [147](/filings/0001558370-25-007977.md) | [133](/filings/0001558370-25-010732.md) | [139](/filings/0001104659-25-107639.md) | [141](/filings/0001104659-26-093264.md) | [163](/filings/0001104659-26-058542.md) | [284](/filings/0001104659-26-093264.md) |
| Long-term debt | $m | not reported | [178](/filings/0001558370-24-003101.md) | [179](/filings/0001558370-24-007326.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Current portion of debt | $m | [208](/filings/0001558370-23-018253.md) | not reported | not reported | [179](/filings/0001558370-24-011323.md) | [180](/filings/0001558370-24-015251.md) | [180](/filings/0001104659-26-026351.md) | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $m | [338](/filings/0001558370-23-018253.md) | [377](/filings/0001558370-25-003703.md) | [376](/filings/0001558370-24-011323.md) | [397](/filings/0001558370-24-011323.md) | [418](/filings/0001558370-24-015251.md) | [421](/filings/0001104659-26-026351.md) | [415](/filings/0001558370-25-007977.md) | [401](/filings/0001558370-25-010732.md) | [402](/filings/0001104659-25-107639.md) | [389](/filings/0001104659-26-093264.md) | [377](/filings/0001104659-26-058542.md) | [370](/filings/0001104659-26-093264.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [48.2 d](/filings/0001558370-24-015251.md) | [38.3 d](/filings/0001104659-26-026351.md) | [50.6](/filings/0001558370-25-007977.md) | [39.1 d](/filings/0001558370-25-010732.md) | [31.4 d](/filings/0001104659-25-107639.md) | [30.6 d](/filings/0001104659-26-026351.md) | [3.9](/filings/0001104659-26-058542.md) | [11.1 d](/filings/0001104659-26-093264.md) | [53.4 d](/filings/0001104659-25-107639.md) | [5.7 d](/filings/0001104659-26-026351.md) | [7.0](/filings/0001104659-26-058542.md) | [104 d](/filings/0001104659-26-093264.md) |
| Capital expenditure | $m | [5.0](/filings/0001558370-23-018253.md) | not reported | not reported | not reported | not reported | not reported | [15.5](/filings/0001558370-25-007977.md) | not reported | not reported | not reported | not reported | [7.8](/filings/0001104659-26-093264.md) |
| Share repurchases | $m | not reported | not reported | [21.2](/filings/0001558370-25-007977.md) | [(0.0) d](/filings/0001558370-25-010732.md) | [1.1](/filings/0001558370-24-015251.md) | [11.6 d](/filings/0001104659-26-026351.md) | not reported | not reported | not reported | not reported | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [97.2](/filings/0001558370-23-018253.md) | [106](/filings/0001558370-24-007326.md) | [105](/filings/0001558370-24-011323.md) | [105](/filings/0001558370-24-015251.md) | [102](/filings/0001558370-25-007977.md) | [101](/filings/0001558370-25-010732.md) | [101](/filings/0001104659-25-107639.md) | [99.1](/filings/0001104659-26-058542.md) | [99.4](/filings/0001104659-26-093264.md) | [99.8](/filings/0001104659-25-107639.md) | [99.9](/filings/0001104659-26-058542.md) | [100](/filings/0001104659-26-093264.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 99,623,423 at 2026-08-06, from the cover of the [10-Q filed 2026-08-10](/filings/0001104659-26-093264.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:46 ET. No prices; not investment advice.