|
Cash and cash equivalents
|
|
$12.2m
|
$6.8m
|
$7.0m
|
$23.4m
|
$181.7m
|
$103.9m
|
$190.7m
|
$8.3m
|
|
Accounts receivable, less allowance for credit losses of $232 and $534, respectively
|
|
$57.1m
|
$48.5m
|
$28.2m
|
$28.8m
|
$42.2m
|
$67.1m
|
$49.3m
|
$56.2m
|
|
Prepaid expenses and other assets
|
|
$4.0m
|
$4.6m
|
$7.2m
|
$8.3m
|
$12.6m
|
$9.5m
|
$9.3m
|
$8.8m
|
|
Total current assets
|
|
$75.0m
|
$60.8m
|
$43.6m
|
$60.5m
|
$236.4m
|
$180.5m
|
$249.3m
|
$73.3m
|
|
Other property, plant and equipment, net
|
|
$18.9m
|
$11.5m
|
$11.0m
|
$11.3m
|
$31.9m
|
$34.6m
|
$34.9m
|
$35.8m
|
|
Goodwill
|
|
$34.2m
|
$41.0m
|
$41.0m
|
$41.0m
|
$41.0m
|
$41.0m
|
$41.0m
|
$41.0m
|
|
Other intangible assets, net
|
|
$127.4m
|
$117.9m
|
$103.1m
|
$88.5m
|
$75.2m
|
$66.3m
|
$52.8m
|
$39.3m
|
|
Operating lease right-of-use assets, net
|
|
—
|
—
|
—
|
$0
|
$27.3m
|
$19.7m
|
$24.9m
|
$6.5m
|
|
Specialty rental assets, net
|
|
$293.6m
|
$353.7m
|
$311.5m
|
$291.8m
|
$357.1m
|
$349.1m
|
$320.9m
|
$332.4m
|
|
Deferred financing costs revolver, net
|
|
$2.9m
|
$4.7m
|
$3.4m
|
$2.2m
|
$896k
|
$2.5m
|
$1.9m
|
$1.8m
|
|
Deferred revenue and customer deposits
|
|
$19.6m
|
$9.4m
|
$11.8m
|
$7.3m
|
$5.5m
|
$3.7m
|
$536k
|
$9.3m
|
|
Current portion of operating lease obligations
|
|
—
|
—
|
—
|
—
|
$12.5m
|
$11.9m
|
$8.5m
|
$5.8m
|
|
Current portion of finance lease and other financing obligations (Note 7)
|
|
—
|
$989k
|
$3.6m
|
$729k
|
$1.1m
|
$1.4m
|
$1.9m
|
$2.1m
|
|
Long-term finance lease and other financing obligations
|
|
—
|
$996k
|
$269k
|
$696k
|
$1.1m
|
$1.0m
|
$1.5m
|
$1.7m
|
|
Long-term operating lease obligations
|
|
—
|
—
|
—
|
—
|
$11.1m
|
$8.4m
|
$17.5m
|
$1.1m
|
|
Asset retirement obligations
|
|
$2.6m
|
$2.8m
|
$2.3m
|
$2.1m
|
$2.2m
|
$2.4m
|
$2.6m
|
$2.7m
|
|
Common Stock in treasury at cost, 13,296,930 shares as of December 31, 2025 and 13,296,930 shares as of December 31, 2024.
|
|
—
|
($23.6m)
|
($23.6m)
|
($23.6m)
|
($23.6m)
|
($23.6m)
|
($57.3m)
|
($57.3m)
|
|
Accumulated earnings
|
|
$31.5m
|
$37.7m
|
$10.2m
|
$13.7m
|
$87.7m
|
$261.1m
|
$332.4m
|
$295.3m
|
|
Total assets
|
|
$565.0m
|
$600.8m
|
$534.2m
|
$513.4m
|
$771.7m
|
$694.4m
|
$725.8m
|
$530.2m
|
|
Total liabilities and stockholders' equity
|
|
$565.0m
|
$600.8m
|
$534.2m
|
$513.4m
|
$771.7m
|
$694.4m
|
$725.8m
|
$530.2m
|
|
Accounts payable
|
|
$21.6m
|
$7.8m
|
$10.6m
|
$11.8m
|
$17.6m
|
$20.9m
|
$16.2m
|
$44.4m
|
|
Accrued liabilities
|
|
$23.3m
|
$35.3m
|
$24.7m
|
$33.1m
|
$39.6m
|
$33.7m
|
$25.8m
|
$22.5m
|
|
Current portion of long-term debt, net (Note 7)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$180.3m
|
—
|
|
Total current liabilities
|
|
$65.1m
|
$60.9m
|
$45.5m
|
$72.8m
|
$190.9m
|
$70.3m
|
$233.4m
|
$84.0m
|
|
Deferred tax liability
|
|
—
|
—
|
—
|
—
|
$15.2m
|
$53.1m
|
$49.3m
|
$42.3m
|
|
Total liabilities
|
|
$216.0m
|
$477.4m
|
$434.8m
|
$416.1m
|
$570.9m
|
$317.0m
|
$304.7m
|
$141.1m
|
|
Common Stock, $0.0001 par, 400,000,000 authorized, 113,094,172 issued and 99,797,242 outstanding as of December 31, 2025 and 112,248,984 issued and 98,952,054 outstanding as of December 31, 2024.
|
|
$7k
|
$10k
|
$10k
|
$10k
|
$10k
|
$10k
|
$10k
|
$10k
|
|
Additional paid-in-capital
|
|
$320.0m
|
$111.8m
|
$115.2m
|
$109.5m
|
$139.3m
|
$142.4m
|
$148.8m
|
$154.1m
|
|
Accumulated other comprehensive loss
|
|
($2.5m)
|
($2.6m)
|
($2.4m)
|
($2.5m)
|
($2.6m)
|
($2.6m)
|
($2.8m)
|
($2.8m)
|
|
Noncontrolling interest in consolidated subsidiaries
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$9k
|
($197k)
|
|
Total stockholders' equity attributable to Target Hospitality Corp. stockholders
|
|
$349.0m
|
$123.4m
|
$99.4m
|
$97.3m
|
$200.8m
|
$377.3m
|
$421.1m
|
$389.3m
|
|
Total stockholders' equity
|
|
—
|
—
|
—
|
—
|
—
|
$377.3m
|
$421.1m
|
$389.1m
|