Target Hospitality Financial Statements
NASDAQ: THConsumer DiscretionaryHotels/ResortsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Target Hospitality revenue and earnings
In fiscal 2025, Target Hospitality generated $320.6 million in revenue, down 17.0% from fiscal 2024, its first annual decline since 2024. Target Hospitality reported a net loss of $37.1 million, compared with net income of $71.3 million a year earlier. Gross margin was 13.3% (down from 46.1%) and operating margin -10.8%.
Diluted earnings per share came in at -$0.37, down from $0.70. Over the last 5 fiscal years, TH's revenue has grown at a 7.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Target Hospitality income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 320.63M | 386.27M | 563.61M | 501.99M | 291.34M | 225.15M | 321.10M | 240.60M | 134.24M |
| Revenue growth (YoY) | -16.99% | -31.46% | +12.28% | +72.30% | +29.40% | -29.88% | +33.46% | +79.24% | — |
| Gross Profit | 42.66M | 178.18M | 313.32M | 247.13M | 101.35M | 57.16M | 147.01M | 90.23M | 53.05M |
| Operating Expenses | 77.41M | 69.40M | 72.72M | 72.76M | 64.25M | 53.05M | 99.05M | 49.33M | 31.59M |
| Selling, General & Admin | 58.51M | 54.26M | 56.13M | 57.89M | 46.46M | 38.13M | 76.65M | 41.34M | 24.34M |
| Operating Income | -34.75M | 108.78M | 240.61M | 174.37M | 37.10M | 4.10M | 47.97M | 40.91M | 21.46M |
| Interest Expense | — | — | — | — | — | — | 28.61M | 2.40M | 2.69M |
| Pretax Income | -43.20M | 92.84M | 224.75M | 106.31M | -2.67M | -33.59M | 19.58M | 16.71M | 26.57M |
| Income Tax | -6.13M | 21.43M | 51.05M | 32.37M | 1.90M | -8.46M | 7.61M | 11.76M | 25.58M |
| Net Income | -37.12M | 71.27M | 173.70M | 73.94M | -4.58M | -25.13M | 11.97M | 4.96M | 981.00K |
| Net Income growth (YoY) | -152.09% | -58.97% | +134.92% | — | — | -309.91% | +141.57% | +405.20% | — |
| EPS (Basic) | -0.37 | 0.71 | 1.71 | 0.76 | -0.05 | -0.26 | 0.13 | 0.12 | 0.04 |
| EPS (Diluted) | -0.37 | 0.70 | 1.56 | 0.74 | -0.05 | -0.26 | 0.13 | 0.12 | 0.04 |
| Shares Outstanding (Basic) | 99.52M | 100.14M | 101.35M | 97.21M | 96.61M | 96.02M | 94.50M | 41.29M | 25.69M |
| Shares Outstanding (Diluted) | 99.52M | 101.43M | 105.32M | 100.06M | 96.61M | 96.02M | 94.50M | 41.29M | 25.69M |
| EBITDA | 38.64M | 181.59M | 324.58M | 242.03M | 107.62M | 69.72M | 106.87M | 80.04M | 51.60M |
| Gross Margin | 13.30% | 46.13% | 55.59% | 49.23% | 34.79% | 25.39% | 45.78% | 37.50% | 39.52% |
| Operating Margin | -10.84% | 28.16% | 42.69% | 34.74% | 12.73% | 1.82% | 14.94% | 17.00% | 15.99% |
| Net Margin | -11.58% | 18.45% | 30.82% | 14.73% | -1.57% | -11.16% | 3.73% | 2.06% | 73.00% |
This table shows 9 annual periods of Target Hospitality's income statement, from FY 2025 back to FY 2017, across 17 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow TH's reporting calendar. What is a income statement?