Target Hospitality Corp. revenue by segment TH

Annual Quarterly

Target Hospitality Corp. splits its revenue 2 ways in its filings. By operating segments, the largest line in Q2 of fiscal 2026, the quarter ended Jun 30, 2026 was Hospitality And Facilities Services South at $31.5 million, 58% of the total. By sales mix, the largest line in Q2 of fiscal 2026, the quarter ended Jun 30, 2026 was Services at $51.8 million, 95% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Jun 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024	Q3 FY2024 Sep 30, 2024
Revenue	276	55	56	73	92	55	55	60	66
Operating segments
Hospitality And Facilities Services South	130 -7.3% share 47.1%	32 -8.5% share 57.6%	32 -7.0% share 56.6%	33 -7.2% share 44.3%	34 -6.4% share 37.3%	34 share 62.7%	34 share 62.4%	35 share 58.2%	36 share 55.4%
Workforce Hospitality Solutions	105 share 38.1%	16 +4.2% share 28.7%	17 +229.5% share 30.5%	36 share 48.8%	36 share 39.7%	15 share 27.4%	5 share 9.5%	—	—
Government	30 -52.5% share 10.8%	5 +81.2% share 8.3%	5 -63.6% share 8.1%	3 -88.5% share 3.4%	18 -29.4% share 19.8%	2 share 4.5%	13 share 22.9%	22 share 36.4%	26 share 39.0%
All Other Segments	11 -12.3% share 4.1%	3 +2.8% share 5.5%	3 -8.5% share 4.7%	3 -23.0% share 3.4%	3 -17.8% share 3.3%	3 share 5.3%	3 share 5.3%	3 share 5.4%	4 share 5.6%
Sales mix
Services	195 -9.8% share 70.8%	52 +28.1% share 94.8%	47 -7.2% share 82.8%	41 -32.0% share 55.7%	56 -14.9% share 61.2%	40 share 73.7%	50 share 91.3%	60 share 100.0%	66 share 100.0%
Construction Fee Income	81 share 29.2%	3 -80.1% share 5.2%	10 +102.2% share 17.2%	33 share 44.3%	36 share 38.8%	14 share 26.3%	5 share 8.7%	—	—

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Hotels, Rooming Houses, Camps & Other Lodging Places (SIC 7000)
Listed as: TH (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: The Woodlands, TX
SEC filer status: Accelerated filer
SEC CIK: 1712189
Former names: Platinum Eagle Acquisition Corp. (until Mar 15, 2019)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.