Target Hospitality Corp.

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

TH$11.06-2.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets


· · September 30, · · December 31,
· · 2026 · · 2025
Assets · · ·
Current assets: · · · ·
Cash and cash equivalents	$3,367	$8,348
Accounts receivable, less allowance for credit losses of $413 and $232, respectively	85,274	56,200
Prepaid expenses and other assets	9,395	8,790
Total current assets	98,036	73,338

Specialty rental assets, net	630,952	332,406
Other property, plant and equipment, net	48,142	35,754
Operating lease right-of-use assets, net	5,105	6,544
Goodwill	41,038	41,038
Other intangible assets, net	29,502	39,332
Deferred financing costs revolver, net	12,823	1,793
Other non-current assets	54,380	—
Total assets	$919,978	$530,205

Liabilities
Current liabilities:
Accounts payable	$120,092	$44,393
Accrued liabilities	30,342	22,475
Deferred revenue and customer deposits	60,277	9,282
Current portion of operating lease obligations	5,091	5,807
Current portion of finance lease and other financing obligations (Note 8)	3,587	2,086
Total current liabilities	219,389	84,043

Other liabilities:
Revolving credit facility (Note 8)	223,000	—
Long-term finance lease and other financing obligations	4,348	1,675
Long-term operating lease obligations	143	1,128
Deferred revenue and customer deposits	90,324	9,292
Deferred tax liability	47,562	42,312
Asset retirement obligations	2,770	2,695
Total liabilities	587,536	141,145

Commitments and contingencies (Note 11)
Stockholders' equity:
Common Stock, $0.0001 par, 400,000,000 authorized, 113,584,418 issued and 98,593,889 outstanding as of September 30, 2026 and 113,094,172 issued and 99,797,242 outstanding as of December 31, 2025.	10	10
Common Stock in treasury at cost, 14,990,529 shares as of September 30, 2026 and 13,296,930 shares as of December 31, 2025.	(87,604)	(57,304)
Additional paid-in-capital	159,124	154,090
Accumulated other comprehensive loss	(2,815)	(2,798)
Accumulated earnings	264,097	295,259
Total stockholders' equity attributable to Target Hospitality Corp. stockholders	332,812	389,257
Noncontrolling interest in consolidated subsidiaries	(370)	(197)
Total stockholders' equity	332,442	389,060
Total liabilities and stockholders' equity	$919,978	$530,205

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.