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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	19.24	190.67	103.93	181.67	23.41	6.98
Short-Term Investments	-	1.9	1.9	1.9	1.8	1.7
Cash & Short-Term Investments	19.24	192.57	105.83	183.57	25.21	8.68
Cash Growth	-87.53%	81.96%	-42.35%	628.29%	190.43%	27.88%
Accounts Receivable	57.44	49.34	67.09	42.15	28.78	28.18
Other Receivables	-	-	-	-	-	1.21
Receivables	57.44	49.34	67.09	42.15	28.78	29.39
Inventory	-	1.9	2.1	2	1.6	0.9
Prepaid Expenses	6.38	5.53	5.48	8.65	4.95	4.6
Total Current Assets	83.05	249.34	180.5	236.38	60.54	43.56
Property, Plant & Equipment	361.98	380.72	403.39	416.33	303.04	322.51
Goodwill	41.04	41.04	41.04	41.04	41.04	41.04
Other Intangible Assets	46.08	52.81	66.94	77.02	91.84	108.53
Long-Term Deferred Tax Assets	-	-	-	-	14.71	15.18
Long-Term Deferred Charges	1.57	1.87	2.48	0.9	2.16	3.42
Other Long-Term Assets	-	-	-	0.07	0.07	-
Total Assets	533.71	725.77	694.35	771.73	513.39	534.24
Accounts Payable	21.43	16.19	20.93	17.56	11.8	10.64
Accrued Expenses	17.17	25.78	33.65	39.64	33.13	24.7
Short-Term Debt	-	-	-	-	-	2.94
Current Portion of Long-Term Debt	-	180.33	-	-	-	-
Current Portion of Leases	9.52	10.41	13.28	13.65	0.73	0.63
Current Unearned Revenue	8.51	0.7	1.79	120.04	27.14	6.62
Other Current Liabilities	-	-	0.68	-	-	-
Total Current Liabilities	56.62	233.4	70.33	190.9	72.8	45.53
Long-Term Debt	24	-	178.09	328.85	330.21	374.5
Long-Term Leases	4.32	18.91	9.45	12.19	0.7	0.27
Long-Term Unearned Revenue	0.54	0.54	3.68	5.48	7.27	11.75
Long-Term Deferred Tax Liabilities	44.43	49.27	53.07	15.17	-	-
Other Long-Term Liabilities	2.63	2.56	2.42	18.29	5.14	3.3
Total Liabilities	132.53	304.68	317.05	570.88	416.12	435.35
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	150.35	148.78	142.38	139.29	109.54	106.55
Retained Earnings	310.99	332.38	261.12	87.68	13.74	18.32
Treasury Stock	-57.3	-57.3	-23.56	-23.56	-23.56	-23.56
Comprehensive Income & Other	-2.77	-2.79	-2.64	-2.57	-2.46	-2.43
Total Common Equity	401.28	421.08	377.31	200.85	97.27	98.89
Minority Interest	-0.09	0.01	-	-	-	-
Shareholders' Equity	401.19	421.09	377.31	200.85	97.27	98.89
Total Liabilities & Equity	533.71	725.77	694.35	771.73	513.39	534.24
Total Debt	37.84	209.65	200.83	354.69	331.64	378.34
Net Cash (Debt)	-18.6	-17.08	-95	-171.12	-306.43	-369.66
Net Cash Per Share	-0.19	-0.17	-0.90	-1.71	-3.17	-3.85
Filing Date Shares Outstanding	99.78	99.36	100.52	100.96	96.94	96.22
Total Common Shares Outstanding	99.78	98.95	101.66	100.32	96.94	96.16
Working Capital	26.43	15.93	110.17	45.48	-12.26	-1.97
Book Value Per Share	4.02	4.26	3.71	2.00	1.00	1.03
Tangible Book Value	314.16	327.24	269.33	82.79	-35.61	-50.68
Tangible Book Value Per Share	3.15	3.31	2.65	0.83	-0.37	-0.53
Land	31.18	30.61	31.11	28.48	9.16	9.16
Buildings	0.91	-	-	0.77	0.19	0.12
Machinery	2.3	2.21	1.82	1.58	1.3	1.07
Construction In Progress	10.45	8.48	3.67	4.65	3.56	5.83
Leasehold Improvements	-	0.91	0.9	-	-	-

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q