Stocks Consumer discretionary TH
NASDAQ · Consumer discretionaryTarget Hospitality Corp. (TH)
Target Hospitality Corp. brought in $377.1M of revenue over the twelve months to September 30, 2026, up 19.9% from a year earlier. It posted a net loss of $46.1M. At September 30, 2026 it held $3.4M in cash against $230.9M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Target Hospitality Corp.
- Net worth
- Target Hospitality Corp. has a market value (market cap) of $1B at the latest share price, and shareholders' equity of $332.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $320.6M (-17.0% year on year), with a net loss of $37.1M. Over the 12 months to September 30, 2026: revenue $377.1M, net loss $46.1M.
- Cash flow
- In fiscal 2025 operations brought in $74.1M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Target Hospitality Corp.'s next report is expected around March 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Target Hospitality Corp. does
Target Hospitality Corp. is registered with the SEC under industry code SIC 7000 (Hotels, Rooming Houses, Camps & Other Lodging Places). Its shares trade on NASDAQ under the ticker TH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $320.6M | -$37.1M | -$0.37 | n/a |
| 2024 | $386.3M | $71.3M | $0.70 | n/a |
| 2023 | $563.6M | $173.7M | $1.56 | n/a |
| 2022 | $502M | $73.9M | $0.74 | n/a |
| 2021 | $291.3M | -$4.6M | -$0.05 | n/a |
| 2020 | $225.1M | -$25.1M | -$0.26 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where TH ranks in Consumer discretionary
Latest SEC filings
What Target Hospitality Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 30% to $129.1M versus the same quarter last year; diluted EPS -$0.09 versus -$0.01.
- November 9, 2026
- November 5, 2026Passive stake (5% or more) SCHEDULE 13G
- October 26, 2026Activist stake changed SCHEDULE 13D/A
- October 5, 2026Activist stake changed SCHEDULE 13D/A
- September 28, 2026Activist stake changed SCHEDULE 13D/A
- September 14, 2026Activist stake changed SCHEDULE 13D/A
- September 9, 2026Other event 8-K
- September 1, 2026
- August 26, 2026
Insider trades
What the people running Target Hospitality Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $375.2K and sold $202.4M worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 22, 2026 | TDR Capital II Investments LP10% owner | Other changeindirect | 1,922,744 | - |
| October 22, 2026 | Robertson StephenDirector | Other changeindirect | 56,273 | - |
| October 22, 2026 | Robertson StephenDirector | Other changeindirect | 178,361 | - |
| October 22, 2026 | Robertson StephenDirector | Other changeindirect | 189,563 | - |
| October 22, 2026 | Robertson StephenDirector | Other changeindirect | 246,100 | - |
| October 1, 2026 | TDR Capital II Investments LP10% owner | Soldindirect | 11,000,000 | $202.4M |
| September 25, 2026 | Robertson StephenDirector | Other changeindirect | 78,150 | - |
| September 25, 2026 | Robertson StephenDirector | Other changeindirect | 247,703 | - |
Who owns TH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Manjit Dale13D, may seek influence with 9 related filers | 14.6% | October 26, 2026 |
| Point72 Asset Management, L.P.13G, passive with 2 related filers | 5.2% | November 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 172 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Private Capital Management, LLC | 3,261,078 | -1,399,541 |
| BlackRock, Inc. | 3,158,745 | +674,996 |
| Ophir Asset Management Pty Ltd | 2,690,673 | new |
| Rubric Capital Management LP | 2,586,389 | +396,933 |
| Westfield Capital Management Co LP | 2,103,813 | new |
| HighTower Advisors, LLC | 1,842,267 | +238,280 |
| Arrowstreet Capital, Limited Partnership | 1,841,889 | +760,808 |
| Driehaus Capital Management LLC | 1,679,925 | new |
| Vanguard Capital Management LLC | 1,525,878 | +120,337 |
| Senator Investment Group LP | 1,399,345 | new |
| American Century Companies Inc | 1,361,041 | +191,978 |
| Dimensional Fund Advisors LP | 1,335,450 | -93,323 |
| Point72 Asset Management, L.P. | 1,190,691 | new |
| Geode Capital Management, LLC | 1,026,191 | +181,539 |
| Jennison Associates LLC | 938,269 | new |
| 71 West Capital Partners | 907,322 | 0 |
| Renaissance Technologies LLC | 885,044 | -66,258 |
| State Street Corp | 867,734 | +100,048 |
| Millennium Management LLC | 795,645 | +567,317 |
| Two Sigma Investments, LP | 726,830 | +633,388 |
Insiders
13 insiders reported holding 21,680,646 shares in total, about $223.3M at the last price.
| Holder | Shares |
|---|---|
| TDR Capital II Investments LP10% owner | 14,303,61914,303,619 held indirectly |
| Archer James BradleyDirector and CEO and President, Director | 3,677,497 |
| Robertson StephenDirector | 2,418,1661,665,769 held indirectly |
| Schrenk Troy C.SEVP, Operations & CCO | 428,083 |
| Lewis Heidi DianeEVP, General Counsel & Sec | 294,036 |
| Jimmerson Martin L.Director | 172,465 |
| Vlacich Jason PaulCFO | 149,265 |
| Patenaude Pamela H.Director | 69,375 |
| Medler Linda RDirector | 62,885 |
| Dowhaniuk BrendanEVP, Strategy & Corp. Dev. | 43,233 |
Questions about TH
What does Target Hospitality Corp. do?
Target Hospitality Corp. is a company in the Consumer discretionary sector, listed on NASDAQ as TH. Its shares trade on NASDAQ under the ticker TH.
What is Target Hospitality Corp.'s net worth?
Target Hospitality Corp. has a market value (market cap) of $1B at the latest share price, and shareholders' equity of $332.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Target Hospitality Corp. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $46.1M on revenue of $377.1M.
How much revenue does Target Hospitality Corp. make?
Over the twelve months to September 30, 2026 Target Hospitality Corp. reported revenue of $377.1M. That is 19.9% more than a year earlier.
When did Target Hospitality Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Target Hospitality Corp.'s next earnings report?
Target Hospitality Corp.'s next report is expected around March 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare TH with
Follow TH
Get an email when Target Hospitality Corp. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Target Hospitality Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.