TH
Target Hospitality Corp.8.52
-0.06-0.7%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
850.12MP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0%Recent Filings
8-K
8-K
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.
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
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.
IPO
Employees
Sector
Industry
ABM
ABM Industries Incorporated
45.74-1.44
CTAS
Cintas Corporation
187.62-0.83
CVEO
Civeo Corporation (Canada)
22.70+0.01
H
Hyatt Hotels Corporation
162.69-3.71
HTZ
Hertz Global Holdings, Inc
5.10+0.06
TGT
Target Corporation
97.67+0.11
THC
Tenet Healthcare Corporation
196.88-0.44
THH
TryHard Holdings Limited
12.33-0.25
UHT
Universal Health Realty Income
41.76-0.46
VSTS
Vestis Corporation
6.90-0.66