---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-026114"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T14:52:24.714142+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality reports FY2025 revenue $320.6M, net loss $37.1M; secures over $740M in new contracts

## Summary
- Revenue $320.6M; net loss $37.1M ($0.37 loss per share); Adjusted EBITDA $53.2M.
- Zero net debt; total liquidity $183M as of Dec 31, 2025.
- New $129M contract (1,400 beds) supporting West Texas power/data center development.
- New $23M contract (400 beds) supporting natural gas power generation near Pecos, TX.
- Over $740M in multi-year contracts since Feb 2025, incl. $246M Dilley, $175M Workforce Hub.

## SEC filing metadata
- accession: 0001104659-26-026114
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000110465926026114/0001104659-26-026114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000110465926026114/th-20260311x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-026114
- JSON: https://secwatch.observer/filing/0001104659-26-026114.json
- Plain text: https://secwatch.observer/filing/0001104659-26-026114.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.