Target Hospitality Corp. (TH) — Financial statements
Income statement, balance sheet, and cash flow for Target Hospitality Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 321↓17.0% | 386↓31.5% | 564↑12.3% | 502↑72.3% | 291 | |
| Cost of Revenue | 308↑47.8% | 208↓16.9% | 250↓1.8% | 255↑34.1% | 190 | |
| Gross Profit | 13↓92.7% | 178↓43.1% | 313↑26.8% | 247↑143.8% | 101 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 41↓24.0% | 54↓3.3% | 56↓3.1% | 58↑24.6% | 46 | |
| Other Expenses | 0.00↓100.0% | 15↓8.8% | 17↑11.6% | 15↓16.4% | 18 | |
| Operating Expenses | 41↓40.6% | 69↓4.6% | 73↓0.1% | 73↑13.2% | 64 | |
| Total Costs & Expenses | 349↑25.7% | 277↓14.1% | 323↓1.4% | 328↑28.9% | 254 | |
| Operating Results | ||||||
| Operating Income | -28↓126.0% | 109↓54.8% | 241↑38.0% | 174↑370.0% | 37 | |
| Depreciation & Amortization | 90↑473.6% | 16↓81.4% | 84↑4.8% | 80↑13.6% | 71 | |
| EBITDA | 61↓50.9% | 125↓62.4% | 333↑48.3% | 224↑119.4% | 102 | |
| EBIT | -28↓125.8% | 109↓56.0% | 249↑72.5% | 144↑354.9% | 32 | |
| Interest & Other Income | ||||||
| Net Interest Income | -6↑63.4% | -17↑26.6% | -23↑37.7% | -36↓5.7% | -34 | |
| Interest Income | 2↓65.2% | 7↑61.8% | 4↑167.7% | 2 | 0.00 | |
| Interest Expense | 8↓63.9% | 23↓12.9% | 27↓29.3% | 38↑10.2% | 34 | |
| Non-Operating Income | 0.00↑100.0% | -0.68↑91.6% | -8↓126.6% | 30↑458.5% | 5 | |
| Other Income / Expenses | -15↑6.4% | -16↓0.6% | -16↑76.7% | -68↓71.1% | -40 | |
| Income Before Tax | -43↓146.5% | 93↓58.7% | 225↑111.4% | 106↑4078.6% | -3 | |
| Income Tax Expense | -6↓128.6% | 21↓58.0% | 51↑57.7% | 32↑1600.1% | 2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -37↓151.9% | 71↓58.9% | 174↑134.9% | 74↑1715.8% | -5 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -37↓152.1% | 71↓59.0% | 174↑134.9% | 74↑1715.8% | -5 | |
| Bottom-Line Net Income | -37↓152.1% | 71↓56.7% | 165↑122.7% | 74↑1715.8% | -5 | |
| EPS (Basic) | -0.37↓152.1% | 0.71↓56.2% | 1.62↑113.2% | 0.76↑1703.4% | -0.05 | |
| EPS (Diluted) | -0.37↓152.9% | 0.70↓55.1% | 1.56↑110.8% | 0.74↑1661.2% | -0.05 | |
| Weighted Average Shares | 100↓0.6% | 100↓1.2% | 101↑4.3% | 97↑0.6% | 97 | |
| Weighted Average Diluted Shares | 100↓1.9% | 101↓3.7% | 105↑5.3% | 100↑3.6% | 97 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.