Business
Target Hospitality Announces Third Quarter 2025 Results with Continued Execution on Strategic Growth Initiatives and Expanding End-Market Demand
Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2025.
About this update from Target Corporation
[{"type":"text","content":"THE WOODLANDS, Texas, Nov. 6, 2025 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2025.","length":370,"tagName":"p"},{"type":"text","content":"Financial Highlights for the Third Quarter 2025","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $99.4 million.","length":25,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of ($0.8) million.","length":27,"tagName":"p"}]},{"val":[{"type":"text","content":"Basic and diluted loss per share of $0.01.","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) of $21.5 million.","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Cash Provided by Operating Activities of $68.4 million and Discretionary Cash Flow(1) ("DCF") of $61.3 million for the nine months ended September 30, 2025.","length":170,"tagName":"p"}]},{"val":[{"type":"text","content":"Approximately $205 million of total available liquidity, with zero net debt as of September 30, 2025.","length":101,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":401,"olType":false},{"type":"text","content":"2025 Operational Achievements","length":29,"tagName":"p"},{"type":"text","content":"Target has announced over $455 million in multi-year contracts in 2025, supporting diverse end-markets and making substantial progress toward achieving key strategic initiatives.","length":178,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Expanded multi-year workforce hub contract with community enhancements and contract modifications, now expected to generate approximately $166 million of revenue through 2027, reflecting a 19% increase from the original contract value, supporting a North American critical mineral supply chain ("Workforce Hub Contract" or "Workforce Hub").","length":360,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced 5-year $246 million contract award, reactivating strategically located South Texas assets in Dilley, Texas, supporting critical U.S. government initiatives ("Dilley Cont...