Short answer
Target Hospitality Corp. (TH) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $56M (up 2.4% year over year) with net income of −$13M.
Q1 2026 key financials · XBRL
- Revenue
- $56M
- +2.4% YoY
- Net income
- −$13M
- −100.0% YoY
- Operating margin
- -25.5%
- Gross margin
- 12.2%
- EPS (diluted)
- −$0.13
- −85.7% YoY
Source: XBRL data from the Target Hospitality Corp. (TH) Q1 2026 10-Q on SEC EDGAR. USD.
Target Hospitality Corp. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $72.8M, up 4% from $69.9M YoY
- Gross margin 9.5% vs 25.7% YoY, pressured by lower-margin construction income
- Best segment WHS, construction fee income $9.7M vs $4.8M YoY
- Worst segment Government, PCC revenue $0 vs $24.1M YoY
- Operating cash flow $7.0M vs $3.9M YoY; $2M-$5M West Texas capital investment expected
- Outlook: margins expected to improve with WHS contract ramp-up; execution and timing risks remain
Risk Factors
- Capital availability constrained by WHS growth timing and scale
- Financing shortfall could delay, reduce, or cancel planned investments
- Unachieved WHS revenues and cash flows could reduce capital spending
- Liquidity dependent on operating cash flows and available ABL Facility capacity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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