TH at a glance
Target Hospitality Corp. (TH, SEC CIK 1712189) filed its latest 10-K annual report on March 11, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 9, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Target Hospitality Corp. (TH) reported revenue of $274.8 million (up 3.4% from FY2024) and a net loss of $37.1 million. Diluted EPS was -$0.37.
- As of June 30, 2026, 26 institutional investment managers tracked by SignalX reported holding Target Hospitality Corp. (TH) shares worth $266.0 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by TDR Capital II Investments LP on October 1, 2026 of 11,000,000 shares at $18.40 per share.
- In the last 90 days, TH insiders reported 2 open-market purchases ($375K) and 1 open-market sale ($202.4M) on Form 4, a net sale of $202.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $274.8M
- +3.4% vs prior year
- Insiders · 90 days
- 2 buys · 1 sell
- Net −$202.0M
- 13F holders
- 26 funds
- $266.0M · +3 vs prior quarter
- Latest 8-K
- Sep 9, 2026
- Item 8.01
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $85.5M, up 39% YoY from $61.6M, driven by WHS growth and Government DIPC reactivation
- Gross margin 18.5% vs (0.5)% YoY, supported by higher-margin WHS hospitality revenue
- Specialty rental income $30.8M, up 358% YoY; construction fee income $2.9M, down 80%
- Adjusted EBITDA $18.2M, up 420% YoY from $3.5M; net loss $9.0M vs $14.9M
- Operating cash flow $111.0M for six months, up from $15.0M; four contracts expected to generate over $1.4B revenue
Risk Factors
- Risk factors section not provided in submitted filing text
- No newly added risk factor identifiable
- No material regulatory, legal, compliance, operational, competitive, market, or financial risk disclosed
- ABL Credit Agreement dated July 24, 2026 included as an exhibit, with no terms or risk details provided
AI summary of the TH 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- TDR-controlled selling stockholders offering 14M shares at $18.50, creating substantial secondary-market supply
- Underwriters hold a 30-day option for 2.1M additional shares, potentially increasing selling pressure
Item EX-99.1: Item EX-99.1
- TDR Capital affiliates launching secondary sale of 12,000,000 shares; Target Hospitality receives no offering proceeds
- Underwriters hold a 30-day option for 1,800,000 additional shares, potentially increasing selling pressure
Item 7.01: Regulation FD Disclosure
- Filing signed September 1, 2026 by Heidi D. Lewis, Executive Vice President, General Counsel and Secretary
Item 7.01: Regulation FD Disclosure
- Filing contains only Regulation FD incorporation and liability language
- No substantive operating, financial, or market disclosure for Target Hospitality Corp.
Item 8.01: Other Events
- New four-year contract supporting a West Texas data-center development, expanding Target Hospitality’s data-center infrastructure exposure
- Community designed for approximately 1,100 occupants, with initial occupancy in August 2026 and completion anticipated in September 2026
AI summaries of TH 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TH
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- Fund moves. Which tracked funds opened, added or cut TH, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| TDR Capital II Investments LP | Sell | Oct 1, 2026 | 11,000,000 | $18.40 |
| Robertson Stephen | J | Sep 25, 2026 | 247,703 | - |
| Robertson Stephen | J | Sep 25, 2026 | 146,741 | - |
| Robertson Stephen | J | Sep 25, 2026 | 465,105 | - |
| TDR Capital II Investments LP | J | Sep 25, 2026 | 2,652,046 | - |
| Robertson Stephen | J | Sep 25, 2026 | 78,150 | - |
| Schrenk Troy C. | Buy | Sep 18, 2026 | 5,907 | $21.16 |
| Archer James Bradley | Buy | Sep 15, 2026 | 13,385 | $18.69 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $265.9M | $274.8M |
| Gross Profit | - | $178.2M | $42.7M |
| Operating Income | - | $108.8M | -$34.7M |
| Net Income | - | $71.3M | -$37.1M |
| Gross Margin | - | 67.0% | 15.5% |
| Op. Margin | - | 40.9% | -12.6% |
| Net Margin | - | 26.8% | -13.5% |
| Balance Sheet | |||
| Total Assets | $694.4M | $725.8M | $530.2M |
| Equity | $377.3M | $421.1M | $389.3M |
| ROE | - | 16.9% | -9.5% |
| Per Share | |||
| EPS | - | $0.70 | $-0.37 |
| Cash Flow | |||
| Operating CF | - | $151.7M | $74.1M |
| CapEx | $18.6M | - | $15.5M |
Source: XBRL data in Target Hospitality Corp. (TH)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TH share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 26 | $266.0M |
| Q1 2026 | 23 | $85.4M |
| Q4 2025 | 22 | $74.7M |
| Q3 2025 | 21 | $79.7M |
| Q2 2025 | 23 | $62.9M |
| Q1 2025 | 17 | $41.2M |
| Q4 2024 | 12 | $51.8M |
| Q3 2024 | 12 | $25.3M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 156 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TH filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Sep 9, 2026 | - | Analysis | - |
| 8-K | Sep 1, 2026 | - | Analysis | - |
| 8-K | Aug 26, 2026 | - | Analysis | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 1, 2026 | - | - | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | May 28, 2026 | - | Analysis | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - |
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TH SEC filings: frequently asked questions
Are TH insiders buying or selling?
In the last 90 days, Target Hospitality Corp. (TH) officers, directors and 10% owners reported 2 open-market purchases worth $375,158 by 2 insiders and 1 open-market sale worth $202.4 million by 1 insider on Form 4, a net sale of $202.0 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold TH stock?
As of June 30, 2026, the largest Target Hospitality Corp. (TH) holders among the 13F filers tracked by SignalX were BlackRock ($64.3 million), Vanguard Capital Management LLC ($31.1 million), Dimensional Fund Advisors ($27.2 million), Renaissance Technologies LLC ($18.0 million), State Street Corp ($17.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TH's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Target Hospitality Corp. (TH) reported revenue of $274.8 million (up 3.4% from FY2024) and a net loss of $37.1 million. Diluted EPS was -$0.37. The figures come from the XBRL data in the 10-K.
What did TH report in its latest 8-K?
Target Hospitality Corp. (TH) filed an 8-K on September 9, 2026 reporting Item 8.01 (Other Events). TDR-controlled selling stockholders offering 14M shares at $18.50, creating substantial secondary-market supply.
What are the latest TH SEC filings?
Target Hospitality Corp. (TH) filed its latest 10-K annual report on March 11, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 9, 2026 and a Form 4 insider filing on October 5, 2026.
What is TH's SEC CIK number?
Target Hospitality Corp. (TH)'s SEC Central Index Key (CIK) is 1712189. EDGAR lists every TH filing under that number.
Ask anything about TH
The research agent reads TH's filings, financials, insider trades and 13F holders, then answers with sources.