Target Hospitality financials
$19.28−0.10%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.5M | $72.8M | $89.8M | $99.4M | $61.6M | $69.9M | $83.7M | $95.2M | $100.7M | $106.7M | $126.2M | $145.9M |
| Gross profit | $15.8M | $6.9M | $7.1M | $17.9M | -$328.0K | $18.0M | $37.0M | $45.2M | $46.9M | $49.1M | $62.2M | $86.8M |
| Gross margin | 18.5% | 9.5% | 7.9% | 18.1% | −0.5% | 25.7% | 44.2% | 47.5% | 46.5% | 46.0% | 49.3% | 59.4% |
| Operating income | -$7.5M | -$14.3M | -$15.1M | $934.0K | -$16.9M | -$1.1M | $20.5M | $28.0M | $29.6M | $30.4M | $46.2M | $67.7M |
| Net income | -$9.0M | -$12.9M | -$14.9M | -$795.0K | -$14.9M | -$6.5M | $12.5M | $20.0M | $18.4M | $20.4M | $37.8M | $45.6M |
| Net margin | −10.6% | −17.8% | −16.6% | −0.8% | −24.2% | −9.2% | 14.9% | 21.0% | 18.3% | 19.1% | 30.0% | 31.2% |
| Diluted EPS | $-0.09 | $-0.13 | $-0.15 | $-0.01 | $-0.15 | $-0.07 | $0.12 | $0.20 | $0.18 | $0.20 | $0.36 | $0.43 |
| EBITDA | $14.0M | $5.3M | -$9.0M | $19.4M | $748.0K | $16.6M | $24.5M | $45.9M | $51.6M | $45.7M | $65.4M | $89.2M |
| Operating cash flow | $104.0M | $7.0M | $5.7M | $53.4M | $11.1M | $3.9M | $30.6M | $31.4M | $39.1M | $50.6M | $38.3M | $48.2M |
| Free cash flow | $98.5M | $6.9M | $5.7M | $53.3M | $11.0M | $3.3M | $30.2M | $31.4M | $39.0M | $50.5M | -$15.2M | -$6.9M |
| Diluted shares | 100.2M | 99.9M | 97.8M | 101.7M | 99.4M | 99.1M | 100.8M | 101.3M | 101.3M | 102.4M | 104.9M | 105.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $6.1M | $5.5M | $8.3M | $30.4M | $19.2M | $34.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $44.7M | $33.5M | $3.8M | $4.2M | $28.8M | $45.2M |
| Total assets | $654.2M | $539.5M | $530.2M | $541.2M | $533.7M | $562.5M |
| Total liabilities | $284.4M | $162.9M | $141.1M | $138.9M | $132.5M | $147.3M |
| Shareholders' equity | $369.8M | $376.6M | $389.1M | $402.2M | $401.2M | $415.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology