TARGET HOSPITALITY CORP.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $85.5M | $72.8M | $89.8M | $99.4M | $61.6M | $69.9M | $83.7M | $95.2M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $15.8M | $6.9M | $7.1M | $17.9M | $-328.0K | $18.0M | $37.0M | $45.2M |
| Gross Margin | 18.5% | 9.5% | 7.9% | 18.1% | -0.5% | 25.7% | 44.2% | 47.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $18.8M | $14.6M | $18.1M | $12.9M | $12.7M | $14.8M | $12.6M | $13.3M |
| Operating Income | $-7.5M | $-14.3M | $-16.8M | $69.0K | $-16.9M | $-1.1M | $20.8M | $28.0M |
| Operating Margin | -8.8% | -19.7% | -18.7% | 0.1% | -27.5% | -1.5% | 24.9% | 29.4% |
| Interest Expense | $730.0K | $601.0K | — | $334.0K | $871.0K | $5.4M | — | $5.0M |
| Pretax Income | $-8.5M | $-15.2M | $-17.2M | $-389.0K | $-17.9M | $-7.8M | $16.9M | $24.2M |
| Income Tax Expense | $473.0K | $-2.3M | $-2.2M | $368.0K | $-2.9M | $-1.3M | $4.3M | $4.1M |
| Net Income | $-9.0M | $-12.9M | $-14.9M | $-795.0K | $-14.9M | $-6.5M | $12.5M | $20.0M |
| Net Margin | -10.6% | -17.8% | -16.6% | -0.8% | -24.2% | -9.2% | 14.9% | 21.0% |
| EPS (Basic) | $-0.09 | $-0.13 | $-0.14 | $-0.01 | $-0.15 | $-0.07 | $0.13 | $0.20 |
| EPS (Diluted) | $-0.09 | $-0.13 | $-0.14 | $-0.01 | $-0.15 | $-0.07 | $0.12 | $0.20 |
| Shares Outstanding (Basic) | 100.2M | 99.9M | 99.5M | 99.8M | 99.4M | 99.1M | 100.1M | 100.4M |
| Shares Outstanding (Diluted) | 100.2M | 99.9M | 99.5M | 99.8M | 99.4M | 99.1M | 101.4M | 101.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |