TARGET HOSPITALITY CORP.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $320.6M | $386.3M | $563.6M | $502.0M | $291.3M | $225.1M | $321.1M | $240.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $42.7M | $178.2M | $313.3M | $247.1M | $101.4M | $57.2M | $147.0M | $90.2M |
| Gross Margin | 13.3% | 46.1% | 55.6% | 49.2% | 34.8% | 25.4% | 45.8% | 37.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $58.5M | $54.3M | $56.1M | $57.9M | $46.5M | $38.1M | $76.6M | $41.3M |
| Operating Income | $-34.7M | $108.8M | $240.6M | $174.4M | $37.1M | $4.1M | $48.0M | $40.9M |
| Operating Margin | -10.8% | 28.2% | 42.7% | 34.7% | 12.7% | 1.8% | 14.9% | 17.0% |
| Interest Expense | — | — | — | — | — | — | $28.6M | $2.4M |
| Pretax Income | $-43.2M | $92.8M | $224.8M | $106.3M | $-2.7M | $-33.6M | $19.6M | $16.7M |
| Income Tax Expense | $-6.1M | $21.4M | $51.1M | $32.4M | $1.9M | $-8.5M | $7.6M | $11.8M |
| Net Income | $-37.1M | $71.3M | $173.7M | $73.9M | $-4.6M | $-25.1M | $12.0M | $5.0M |
| Net Margin | -11.6% | 18.4% | 30.8% | 14.7% | -1.6% | -11.2% | 3.7% | 2.1% |
| EPS (Basic) | $-0.37 | $0.71 | $1.71 | $0.76 | $-0.05 | $-0.26 | $0.13 | $0.12 |
| EPS (Diluted) | $-0.37 | $0.70 | $1.56 | $0.74 | $-0.05 | $-0.26 | $0.13 | $0.12 |
| Shares Outstanding (Basic) | 99.5M | 100.1M | 101.4M | 97.2M | 96.6M | 96.0M | 94.5M | 74.8M |
| Shares Outstanding (Diluted) | 99.5M | 101.4M | 105.3M | 100.1M | 96.6M | 96.0M | 94.5M | 74.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |