Target Hospitality Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	314.55	386.27	563.61	501.99	291.34	225.15
Revenue Growth (YoY)	-26.65%	-31.46%	12.28%	72.30%	29.40%	-29.88%
Cost of Revenue	241.93	208.09	250.28	254.86	189.99	167.99
Gross Profit	72.61	178.18	313.32	247.13	101.35	57.16
Selling, General & Admin	53.01	54.26	56.13	57.89	46.46	38.13
Depreciation & Amortization Expenses	16.1	15.64	15.35	14.83	16.91	15.65
Other Operating Expenses	0.63	-0.5	1.24	0.04	0.88	-0.72
Total Operating Expenses	69.74	69.4	72.72	72.76	64.25	53.05
Operating Income	2.88	108.78	240.61	174.37	37.1	4.1
Interest Expense	-9.67	-16.62	-22.64	-36.32	-38.7	-40.03
Other Non-Operating Income (Expense)	-2.37	-0.68	-11.34	31.74	1.07	-2.35
Total Non-Operating Income (Expense)	-12.04	-17.29	-33.98	-4.59	-37.64	-42.38
Pretax Income	-9.16	92.84	224.75	106.31	-2.67	-33.59
Provision for Income Taxes	0.43	21.43	51.05	32.37	1.9	-8.46
Net Income	-9.69	71.27	173.7	73.94	-4.58	-25.13
Minority Interest in Earnings	0.1	0.14	-	-	-	-
Net Income to Common	-9.69	71.27	173.7	73.94	-4.58	-25.13
Net Income Growth	-	-58.97%	134.92%	-	-	-
Shares Outstanding (Basic)	99	100	101	97	97	96
Shares Outstanding (Diluted)	100	101	105	100	97	96
Shares Change (YoY)	-2.69%	-3.69%	5.26%	3.57%	0.62%	1.60%
EPS (Basic)	-0.10	0.71	1.71	0.76	-0.05	-0.26
EPS (Diluted)	-0.11	0.70	1.56	0.74	-0.05	-0.26
EPS Growth	-	-55.13%	110.81%	-	-	-
Free Cash Flow	51.46	121.43	92.93	164.97	68.68	34.22
Free Cash Flow Growth	-57.63%	30.67%	-43.67%	140.19%	100.70%	-
Free Cash Flow Per Share	0.52	1.20	0.88	1.65	0.71	0.36
Gross Margin	23.08%	46.13%	55.59%	49.23%	34.79%	25.39%
Operating Margin	0.91%	28.16%	42.69%	34.74%	12.73%	1.82%
Profit Margin	-3.05%	18.49%	30.82%	14.73%	-1.57%	-11.16%
FCF Margin	16.36%	31.44%	16.49%	32.86%	23.58%	15.20%
EBITDA	74.12	181.59	324.58	242.03	107.62	69.72
EBITDA Margin	23.56%	47.01%	57.59%	48.21%	36.94%	30.96%
EBIT	2.88	108.78	240.61	174.37	37.1	4.1
EBIT Margin	0.91%	28.16%	42.69%	34.74%	12.73%	1.82%
Effective Tax Rate	-4.66%	23.08%	22.71%	30.45%	-71.26%	25.17%

Updated Nov 6, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q