Target Hospitality Corp.

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

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$10.30-6.9%Stored close · as of Nov 10, 2026

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

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Contents

Consolidated Statements of Comprehensive Income

($ in thousands, except per share amounts)


· · For the Years Ended
· · December 31,
· · 2024 · 2023 · · 2022
Revenue: · · · · · · ·
Services income	$265,912	$365,627	$333,702
Specialty rental income	120,360	197,981	168,283
Total revenue	386,272	563,608	501,985
Costs:
Services	132,142	151,574	174,200
Specialty rental	18,787	30,084	27,824
Depreciation of specialty rental assets	57,164	68,626	52,833
Gross profit	178,179	313,324	247,128
Selling, general and administrative	54,258	56,126	57,893
Other depreciation and amortization	15,642	15,351	14,832
Other (income) expense, net	(502)	1,241	36
Operating income	108,781	240,606	174,367
Loss on extinguishment of debt	—	2,279	—
Interest expense, net	16,619	22,639	36,323
Change in fair value of warrant liabilities	(675)	(9,062)	31,735
Income before income tax	92,837	224,750	106,309
Income tax expense	21,430	51,050	32,370
Net income	71,407	173,700	73,939
Less: Net income attributable to the noncontrolling interest	142	—	—
Net income attributable to Target Hospitality Corp. common stockholders	71,265	173,700	73,939
Change in fair value of warrant liabilities	—	(9,062)	—
Net income attributable to Target Hospitality Corp. common stockholders - diluted	71,265	164,638	73,939

Other comprehensive loss
Foreign currency translation	(147)	(64)	(112)
Comprehensive income	71,260	173,636	73,827


Weighted average number shares outstanding - basic	100,135,249	101,350,910	97,213,166
Weighted average number shares outstanding - diluted	101,434,754	105,319,405	100,057,748

Net income per share attributable to Target Hospitality Corp. common stockholders - basic	$0.71	$1.71	$0.76
Net income per share attributable to Target Hospitality Corp. common stockholders - diluted	$0.70	$1.56	$0.74

See accompanying notes which are an integral part of these consolidated financial statements

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.