Target Hospitality Corp. (TH)
Nasdaq · Hotels, Rooming Houses, Camps & Other Lodging Places · Services · CIK 1712189 · fiscal year ends in Dec
Closing price $14.23 on 29 Oct 2026; 52-week range $6.22 to $21.45.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $347.4M
- Revenue growth
- 11.9%
- Net income, last twelve months
- -$37.7M
- Earnings per share
- -$0.38
- Gross margin
- 13.7%
- Operating margin
- -11.1%
- Net margin
- -10.8%
- Free cash flow
- $162.0M
- Return on equity
- -10.2%
- Market value
- $1.4B
- Cash
- $6.1M
- Debt
- $42.1M
- Debt to equity
- 0.11
- Shares outstanding
- 100.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $320.6M | -$34.7M | -$37.1M | -$0.37 | $73.3M | 10-K filed 11 Mar 2026 |
| FY2024 | 31 Dec 2024 | $386.3M | $108.8M | $71.3M | $0.70 | $151.0M | 10-K filed 26 Mar 2025 |
| FY2023 | 31 Dec 2023 | $563.6M | $240.6M | $173.7M | $1.56 | $153.7M | 10-K filed 13 Mar 2024 |
| FY2022 | 31 Dec 2022 | $502.0M | $174.4M | $73.9M | $0.74 | $285.1M | 10-K filed 10 Mar 2023 |
| FY2021 | 31 Dec 2021 | $291.3M | $37.1M | -$4.6M | -$0.05 | $104.2M | 10-K filed 11 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $85.5M | -$9.0M | -$0.09 |
| Q1 FY2026 | 31 Mar 2026 | $72.8M | -$12.9M | -$0.13 |
| Q4 FY2025 | 31 Dec 2025 | $89.8M | -$14.9M | -$0.15 |
| Q3 FY2025 | 30 Sep 2025 | $99.4M | -$795.0K | -$0.01 |
| Q2 FY2025 | 30 Jun 2025 | $61.6M | -$14.9M | -$0.15 |
| Q1 FY2025 | 31 Mar 2025 | $69.9M | -$6.5M | -$0.07 |
| Q4 FY2024 | 31 Dec 2024 | $83.7M | $12.5M | $0.12 |
| Q3 FY2024 | 30 Sep 2024 | $95.2M | $20.0M | $0.20 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| HFS - South | $141.7M | 44.2% |
| WHS | $96.8M | 30.2% |
| Government | $70.8M | 22.1% |
| All Other | $11.3M | 3.5% |
Company events
The newest 8-K filings of 144 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Sep 2026 | 8-K | Other events | 8.01, 9.01 |
| 1 Sep 2026 | 8-K | Investor update | 7.01 |
| 26 Aug 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 5 Aug 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 27 Jul 2026 | 8-K | Material agreement, New debt, Other events | 1.01, 2.03, 8.01, 9.01 |
| 28 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 21 May 2026 | 8-K | Shareholder vote, Other events | 5.07, 8.01, 9.01 |
| 11 May 2026 | 8-K | Results | 2.02, 9.01 |
| 7 May 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 22 Apr 2026 | 8-K | Other events | 8.01, 9.01 |
| 21 Apr 2026 | 8-K | Results | 2.02 |
Every filing
The newest filings with the SEC of 257 held.
| Filed | Form | Period |
|---|---|---|
| 9 Sep 2026 | 8-K | 8 Sep 2026 |
| 1 Sep 2026 | 8-K | 1 Sep 2026 |
| 26 Aug 2026 | 8-K | 19 Aug 2026 |
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 5 Aug 2026 | 8-K | 4 Aug 2026 |
| 27 Jul 2026 | 8-K | 24 Jul 2026 |
| 28 May 2026 | 8-K | 27 May 2026 |
| 21 May 2026 | S-8 | – |
| 21 May 2026 | 8-K | 21 May 2026 |
| 11 May 2026 | 10-Q | 31 Mar 2026 |
| 11 May 2026 | 8-K | 11 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 22 Oct 2026 | Robertson Stephen, Director | Took pay in stock | 56,273 | – | – | – | 23 Oct 2026 |
| 22 Oct 2026 | Robertson Stephen, Director | Took pay in stock | 178,361 | – | – | – | 23 Oct 2026 |
| 22 Oct 2026 | Robertson Stephen, Director | Took pay in stock | 189,563 | – | – | – | 23 Oct 2026 |
| 22 Oct 2026 | Robertson Stephen, Director | Took pay in stock | 246,100 | – | – | – | 23 Oct 2026 |
| 1 Oct 2026 | Tdr Capital Ii Investments Lp, 10% owner | Sale outside a trading plan | 11,000,000 | $18.40 | $202.4M | 16,226,363 | 5 Oct 2026 |
| 25 Sep 2026 | Robertson Stephen, Director | Took pay in stock | 78,150 | – | – | – | 29 Sep 2026 |
| 25 Sep 2026 | Robertson Stephen, Director | Took pay in stock | 247,703 | – | – | – | 29 Sep 2026 |
| 25 Sep 2026 | Robertson Stephen, Director | Took pay in stock | 146,741 | – | – | – | 29 Sep 2026 |
| 25 Sep 2026 | Robertson Stephen, Director | Took pay in stock | 465,105 | – | – | – | 29 Sep 2026 |
| 18 Sep 2026 | Schrenk Troy C., Chief Commercial Officer | Purchase | 5,907 | $21.16 | $125.0K | 216,995 | 18 Sep 2026 |
| 15 Sep 2026 | Archer James Bradley, Director and CEO and President | Purchase | 13,385 | $18.69 | $250.2K | 1,845,441 | 16 Sep 2026 |
| 17 Jun 2026 | Robertson Stephen, Director | Took pay in stock | 31,667 | – | – | – | 22 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 1 Oct 2026 | MFA Global S.a.r.l., 10% Stockholder | 2,638,171 | $48.5M | 1 Oct 2026 |
| 1 Oct 2026 | Arrow Holdings S.a.r.l., 10% Stockholder | 8,361,829 | $153.9M | 1 Oct 2026 |
| 20 Jan 2026 | Lewis Heidi Diane, Officer | 27,754 | $159.9K | 20 Jan 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 26 Oct 2026 | Manjit Dale | 13D amended | 14.6% | 14.3M |
| 5 Oct 2026 | Manjit Dale | 13D amended | 16.6% | 16.2M |
| 28 Sep 2026 | Manjit Dale | 13D amended | 27.8% | 27.2M |
| 14 Sep 2026 | Manjit Dale | 13D amended | 30.5% | 29.9M |
| 6 Jul 2026 | Private Capital Management, LLC | 13G amended | 3.7% | 3.7M |
| 22 Jun 2026 | Manjit Dale | 13D amended | 46.2% | 46.0M |
| 1 Jun 2026 | Manjit Dale | 13D amended | 47.5% | 47.3M |
| 23 Apr 2026 | Manjit Dale | 13D amended | 56.8% | 56.6M |
| 2 Apr 2026 | Private Capital Management, LLC | 13G | 5.09% | 5.1M |
| 4 Nov 2025 | Private Capital Management, LLC | 13G amended | 4.97% | 5.0M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 3.7M | -0.94% | 1.37 |
| 30 Sep 2026 | 3.7M | -3.5% | 1.73 |
| 15 Sep 2026 | 3.8M | -11.69% | 1.62 |
| 31 Aug 2026 | 4.3M | +9.02% | 3.24 |
| 14 Aug 2026 | 4.0M | +2.4% | 3.24 |
| 31 Jul 2026 | 3.9M | -0.49% | 4.22 |
| 15 Jul 2026 | 3.9M | -8% | 3.1 |
| 30 Jun 2026 | 4.2M | +34.05% | 2.63 |
Funds that hold it
From each fund's latest Form 13F.
185 funds held it at 30 Jun 2026: 119 added and 33 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Private Capital Management, LLC | 3,261,078 | $66.4M | -1,399,541 |
| BlackRock, Inc. | 3,158,745 | $64.3M | +674,996 |
| Ophir Asset Management Pty Ltd | 2,690,673 | $54.8M | +2,690,673 |
| Rubric Capital Management LP | 2,586,389 | $52.7M | +396,933 |
| Westfield Capital Management Co. LP | 2,103,813 | $42.8M | +2,103,813 |
| Cooper Creek Partners Management LLC | 2,052,485 | $41.8M | +1,328,866 |
| HighTower Advisors, LLC | 1,842,267 | $37.5M | +238,280 |
| Arrowstreet Capital, Limited Partnership | 1,841,889 | $37.5M | +760,808 |
| Driehaus Capital Management LLC | 1,679,925 | $34.2M | +1,679,925 |
| Vanguard Capital Management LLC | 1,525,878 | $31.1M | +120,337 |
Peers
Companies in the same industry.
- Hilton Grand Vacations Inc. (HGV): revenue $5.9B, market value $2.7B