Target Hospitality Q1 revenue up 4% but net loss widens to $13M; announces $750M AI infrastructure contract

Target Hospitality Corp.

2026-Q1 EPS reported -$0.13 revenue$72,781,000

Q1 revenue $72.8M (+4% YoY); net loss $13.0M (vs $6.5M); diluted EPS $(0.13); Adj EBITDA $9.9M (vs $21.6M).
New 48-month AI Infrastructure Contract: expected >$750M revenue, ~3,370 beds; net capex $200-210M; completion mid-2027.
Since Feb 2025, secured over $2.0B in multi-year contracts, ~$1.8B in Workforce Hospitality Solutions.
FY2026 guidance raised: revenue $370-380M, Adj EBITDA $75-85M, capex $460-480M; exiting 2027 annualized revenue >$680M.
Available liquidity $150M, net leverage 0.6x; Q1 capex $45.5M for WHS growth; average utilized beds 9,468 (54% utilization).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Target Hospitality Corp. reported for the three months ended March 31, 2026 results: net income Net loss was ($13.0) million.

Period: for the three months ended March 31, 2026
Net income: Net loss was ($13.0) million
Result: reported results

Exact text from the filing

today reported results for the three months ended March 31, 2026. Financial Highlights for the quarter ended March 31, 2026 ● Revenue of $72.8 million. ● Net loss of ($13.0) million. ● Basic and diluted loss per share of $0.13 . ● Adjusted EBITDA (1) of $9.9 million. ● Net Cash Provided by Operating Activities of $7.0 million and Discretionary Cash

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Target Hospitality Corp. reported for the three months ended March 31, 2026 results: net income Net loss was ($13.0) million.

Period: for the three months ended March 31, 2026
Net income: Net loss was ($13.0) million
Result: reported results

Exact text from the filing

Net loss was ($13.0) million for the three months ended March 31, 2026, compared to ($6.5) million for the same period in 2025.

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Source: SEC EDGAR

accession 0001104659-26-058236

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