Short answer
Target Hospitality Corp. (TH) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $55M (down 0.3% year over year) with net income of −$9M.
Q2 2026 key financials · XBRL
- Revenue
- $55M
- −0.3% YoY · −2.7% QoQ
- Net income
- −$9M
- +39.5% YoY · +30.1% QoQ
- Operating margin
- -13.7%
- Gross margin
- 28.9%
- EPS (diluted)
- −$0.09
- +40.0% YoY · +30.8% QoQ
Source: XBRL data from the Target Hospitality Corp. (TH) Q2 2026 10-Q on SEC EDGAR. USD.
Target Hospitality Corp. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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