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Midas Edge

Target Hospitality Corp.

For the period ended Dec 31, 2024. Filed Mar 26, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 26, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Stockholders’ Equity

For the years ended December 31, 2024, 2023 and 2022

** ($ in thousands)**

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Accumulated · ​ · ​ · ​ · ​ · Total Target Hospitality Corp. · ​ · ​ · ​ · ​ · ​
​ · ​ · Common Stock · ​ · Common Stock in Treasury · ​ · Paid In · ​ · Other · ​ · Accumulated · ​ · Stockholders' · ​ · Noncontrolling · ​ · Total
​ · Shares · Amount · Shares · Amount · Capital · Comprehensive Loss · Earnings · Equity · Interest · Equity
Balances at December 31, 2021​101,952,683​$10​4,414,767​$(23,559)​$109,538​$(2,462)​$13,744​$97,271​$—​$97,271
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​73,939​​73,939​​—​​73,939
Stock-based compensation, net​320,607​​—​—​​—​​8,245​​—​​—​​8,245​​—​​8,245
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(121)​​—​​—​​(121)​​—​​(121)
Cancelled common stock​(5,015,898)​​—​5,015,898​​—​​—​​—​​—​​—​​—​​—
Cumulative translation adjustment​—​​—​—​​—​​—​​(112)​​—​​(112)​​—​​(112)
Common Stock issued in warrant exchange​2,996,201​​—​—​​—​​21,320​​—​​—​​21,320​​—​​21,320
Issuance of Common Stock from exercise of warrants​7,101​​—​—​​—​​80​​—​​—​​80​​—​​80
Issuance of Common Stock from exercise of stock options​56,007​​—​—​​—​​225​​—​​—​​225​​—​​225
Balances at December 31, 2022​100,316,701​$10​9,430,665​$(23,559)​$139,287​$(2,574)​$87,683​$200,847​$—​$200,847
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Adoption of ASC 326 (Note 1)​—​​—​—​​—​​—​​—​​(268)​​(268)​​—​​(268)
Balances at January 1, 2023​100,316,701​$10​9,430,665​$(23,559)​$139,287​$(2,574)​$87,415​$200,579​$—​$200,579
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​173,700​​173,700​​—​​173,700
Stock-based compensation, net​870,917​​—​—​​—​​8,305​​—​​—​​8,305​​—​​8,305
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(6,818)​​—​​—​​(6,818)​​—​​(6,818)
Cumulative translation adjustment​—​​—​—​​—​​—​​(64)​​—​​(64)​​—​​(64)
Issuance of Common Stock from exercise of warrants​17,369​​—​—​​—​​209​​—​​—​​209​​—​​209
Issuance of Common Stock from exercise of stock options​455,614​​—​—​​—​​1,396​​—​​—​​1,396​​—​​1,396
Balances at December 31, 2023​101,660,601​$10​9,430,665​$(23,559)​$142,379​$(2,638)​$261,115​$377,307​$—​$377,307
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​71,265​​71,265​​142​​71,407
Stock-based compensation, net​718,250​​—​—​​—​​6,431​​—​​—​​6,431​​—​​6,431
Tax withholdings related to net share settlement of equity awards​—​​—​—​​—​​(2,661)​​—​​—​​(2,661)​​—​​(2,661)
Cumulative translation adjustment​—​​—​—​​—​​—​​(147)​​—​​(147)​​—​​(147)
Issuance of Common Stock from exercise of warrants​1,079​​—​—​​—​​3​​—​​—​​3​​—​​3
Issuance of Common Stock from exercise of stock options​348,389​​—​—​​—​​1,850​​—​​—​​1,850​​—​​1,850
Distributions​—​​—​—​​—​​—​​—​​—​​—​​(133)​​(133)
Repurchase of Common Stock as part of share repurchase program​(3,866,265)​​​​3,866,265​​(33,745)​​—​​—​​—​​(33,745)​​—​​(33,745)
Other​90,000​​—​—​​—​​778​​—​​—​​778​​—​​778
Balances at December 31, 2024​98,952,054​$10​13,296,930​$(57,304)​$148,780​$(2,785)​$332,380​$421,081​$9​$421,090
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.