Target Hospitality Corp.
7.35+0.23 (+3.23%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · TH · USD
Key Stats
Market Cap
733.37MP/E (TTM)
73.50Basic EPS (TTM)
0.10Dividend Yield
0%Recent Filings
8-K
Investor presentation released
Target Hospitality Corp. released an investor presentation on September 16, 2025, posted to its website under Item 7.01 for Regulation FD compliance. The slides contain forward-looking statements, cautioned against risks as detailed within. Investors get a fresh look at strategy. No specific business impacts or financials disclosed in the filing.
8-K
Q2 revenue drops, outlook rises
Target Hospitality reported Q2 2025 revenue of $61.6 million, down from $100.7 million last year, with a net loss of $14.9 million and Adjusted EBITDA of $3.5 million, hit by contract terminations like the PCC effective February 21, 2025. Yet diversification shines: new multi-year deals over $400 million, including a $246 million Dilley government contract starting March 5, 2025, and an expanded $154 million Workforce Hub through 2027. New contracts fuel raised 2025 guidance of $310-320 million revenue and $50-60 million Adjusted EBITDA. Momentum builds, but ramp-ups pose execution risks.
10-Q
Q2 FY2025 results
Target Hospitality's Q2 revenue fell 39% year-over-year to $61.6M, driven by the PCC contract termination in February 2025 that slashed Government segment output by $52M, though the new DIPC reactivation and WHS construction fees added $15M in fresh income. Gross profit swung to a $0.3M loss from $46.9M last year, with services costs up 36% to $45.6M amid WHS buildout, yet adjusted gross profit held at $13.3M after depreciation. Operating loss hit $16.9M versus $29.6M profit, but interest expense dropped 78% to $0.9M post-Senior Notes redemption, yielding a $14.9M net loss and $(0.15) diluted EPS—anti-dilutive shares excluded. Cash dipped to $19.2M after $171M outflow, including $181M debt payoff, while FCF (derived) was negative $9.7M from $15M operations minus $25M capex; ABL draws of $24M leave $151M available against minimal covenants. The $15.5M January asset buy for WHS signals diversification. Government funding volatility lingers as a key risk.
8-K
Investor presentation released
Target Hospitality Corp. released an investor presentation on June 18, 2025, posted to its website under Item 7.01 for Regulation FD compliance. The slides contain forward-looking statements, cautioned against risks as detailed within. Investors get a fresh look at strategy. No specific business impacts or figures disclosed in the filing.
8-K
Annual meeting approves directors, pay
Target Hospitality Corp. held its 2025 annual meeting on May 22, where shareholders elected six directors with overwhelming support—99% for most nominees—ratified Ernst & Young as auditors at 99.7%, approved executive pay on an advisory basis at 98.6%, and boosted the incentive plan's share pool by 5 million to 13 million total. The board then granted restricted stock units to non-employee directors, vesting fully on May 22, 2026, or earlier at the next annual meeting, with accelerated vesting on change in control. This bolsters director alignment amid expanded equity incentives.
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