Target Hospitality Corp. (TH)

Target Hospitality Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	30.39	190.67	103.93	181.67	23.41	6.98
Cash & Short-Term Investments	30.39	190.67	103.93	181.67	23.41	6.98
Cash Growth	-82.90%	83.46%	-42.79%	676.18%	235.38%	2.83%
Accounts Receivable	42.73	49.34	67.09	42.15	28.78	28.18
Other Receivables	-	-	-	-	-	1.21
Total Trade Receivables	42.73	49.34	67.09	42.15	28.78	29.39
Other Current Assets	6.32	9.33	9.48	12.55	8.35	7.2
Total Current Assets	79.44	249.34	180.5	236.38	60.54	43.56
Net Property, Plant & Equipment	376.55	380.72	403.39	416.33	303.04	322.51
Other Intangible Assets	42.7	52.81	66.28	75.18	88.49	103.12
Goodwill	41.04	41.04	41.04	41.04	41.04	41.04
Other Long-Term Assets	1.42	1.87	3.14	2.81	20.29	24.01
Total Assets	541.16	725.77	694.35	771.73	513.39	534.24
Accounts Payable	45.81	16.19	20.93	17.56	11.8	10.64
Accrued Expenses	17.54	25.78	33.65	39.64	33.13	24.7
Current Portion of Long-Term Debt	-	180.33	-	-	-	-
Current Portion of Leases	9.63	10.41	12.48	13.65	0.73	3.57
Unearned Revenue	14.97	1.24	5.47	125.52	34.41	18.37
Other Current Liabilities	-	-	0.68	-	-	-
Total Current Liabilities	82.42	233.4	70.33	190.9	72.8	45.53
Long-Term Debt	-	-	178.09	328.85	330.21	374.5
Long-Term Leases	3.65	18.91	9.45	12.19	0.7	0.27
Other Long-Term Liabilities	47.3	51.83	55.5	33.47	5.14	3.3
Total Long-Term Liabilities	50.96	70.74	243.04	374.5	336.05	378.06
Total Liabilities	138.91	304.68	317.05	570.88	416.12	435.35
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Treasury Stock	-57.3	-57.3	-23.56	-23.56	-23.56	-23.56
Additional Paid-in Capital	152.27	148.78	142.38	139.29	109.54	106.55
Accumulated Other Comprehensive Income	-2.79	-2.79	-2.63	-2.57	-2.46	-2.43
Retained Earnings	310.19	332.38	261.12	87.68	13.74	18.32
Total Common Shareholders' Equity	402.38	421.08	377.31	200.85	97.27	98.89
Minority Interest	-0.13	0.01	-	-	-	-
Shareholders' Equity	402.25	421.09	377.31	200.85	97.27	98.89
Total Liabilities & Equity	541.16	725.77	694.35	771.73	513.39	534.24
Total Debt	13.28	209.65	200.03	354.69	331.64	378.34
Net Cash (Debt)	17.1	-18.98	-96.1	-173.02	-308.23	-371.36
Net Cash Per Share	0.17	-0.19	-0.91	-1.73	-3.19	-3.87
Book Value	402.38	421.08	377.31	200.85	97.27	98.89
Book Value Per Share	4.04	4.15	3.58	2.01	1.01	1.03
Tangible Book Value	318.64	327.24	269.99	84.63	-32.25	-45.27
Tangible Book Value Per Share	3.20	3.23	2.56	0.85	-0.33	-0.47

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

SEC Filings: 10-K · 10-Q