The financials
Target Hospitality Corp. by the numbers
Target Hospitality Corp. (TH) reported revenue of $73M in Q1 2026 (quarter ended March 31, 2026), up 4.1% from the same quarter a year earlier. That came with a gross margin of 9.5% and net loss of $13M. For the full year FY2025, revenue was $321M (−17% year on year) and net income −$37M. Its largest segment in 2026-Q2 was Hospitality And Facilities Services South at $32M, 61% of the disclosed total, just ahead of Workforce Hospitality Solutions at 25%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $73M | $70M | +4.1% |
| Gross profit | $6.9M | $18M | −62% |
| Operating income | −$14M | −$1.1M | n/a |
| Net income | −$13M | −$6.5M | n/a |
| Diluted EPS | −$0.13 | −$0.07 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| Hospitality And Facilities Services South | $32M | 61% |
| Workforce Hospitality Solutions | $13M | 25% |
| Government | $4.5M | 8.7% |
| All Other | $3.0M | 5.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $51.8M (+11%)
Workforce Hospitality Solutions grew +1968% year on yearHospitality And Facilities Services South -8.5% year on year
Segment Latestquarter on quarteryear on year
- Hospitality And Facilities Services South$31.5M$31.5MQoQ -0.99%year on year -8.5%-0.99%-8.5%
- Workforce Hospitality Solutions$12.8M$12.8MQoQ +72%year on year +1968%+72%+1968%
- Government$4.5M$4.5MQoQ -1.0%year on year +81%-1.0%+81%
- All Other$3.0M$3.0MQoQ +12%year on year +2.8%+12%+2.8%
Specialty Business Services
Ranks #1 of 18 by Smart Score