Target Hospitality Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $320.6 | $386.3 | $563.6 | $502.0 | $291.3 |
| Operating income | -$34.7 | $108.8 | $240.6 | $174.4 | $37.1 |
| Net income | -$37.1 | $71.3 | $173.7 | $73.9 | -$4.6 |
| Balance Sheet | |||||
| Total debt | $3.8 | $183.6 | $181.4 | $334.5 | $340.0 |
| Cash Flow Statement | |||||
| Free cash flow | $73.3 | $151.0 | $153.7 | $285.1 | $104.2 |
| Share repurchases | — | $33.5 | — | — | — |
Shares outstanding 99.6M
Annual filing data through FY ended December 31, 2025; float as of September 12, 2026.