Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Target Hospitality Corp. registered 7,000,000 shares of Common Stock for resale by affiliates of investment funds managed by TDR Capital LLP, with an underwriters’ option to purchase up to 1,050,000 additional shares. The offering is a resale by the selling stockholders; the Company will receive no proceeds.
The public offering price is $14.00 per share, implying proceeds to the selling stockholders of $92,855,000 before exercise of the option. Shares outstanding were 99,560,575 as of April 20, 2026, and the Company’s Nasdaq symbol is TH.
Target Hospitality Corp. disclosed that existing shareholders Arrow Holdings S.à r.l. and MFA Global S.à r.l. entered into an underwriting agreement to sell 7,000,000 shares of common stock in a registered secondary offering at $14.00 per share. The selling stockholders also granted underwriters a 30-day option to purchase up to 1,050,000 additional shares. Total gross proceeds to the selling stockholders are approximately $98,000,000, and the company will not receive any proceeds from this transaction.
Target Hospitality Corp. registered 7,000,000 shares of common stock for resale by affiliates of investment funds managed by TDR Capital; the underwriters have a 30-day option to purchase up to 1,050,000 additional shares. The company will receive no proceeds from these sales.
The prospectus supplement states 99,560,575 shares outstanding as of April 20, 2026 and that 8,487,178 shares are reserved for issuance upon exercise of outstanding options. The filing includes preliminary unaudited Q1 2026 ranges: total revenue $70,500–$72,500 thousand and Adjusted EBITDA $8,000–$9,000 thousand.
Target Hospitality Corp. registered 7,000,000 shares of common stock for resale by affiliates of investment funds managed by TDR Capital; the underwriters have a 30-day option to purchase up to 1,050,000 additional shares. The company will receive no proceeds from these sales.
The prospectus supplement states 99,560,575 shares outstanding as of April 20, 2026 and that 8,487,178 shares are reserved for issuance upon exercise of outstanding options. The filing includes preliminary unaudited Q1 2026 ranges: total revenue $70,500–$72,500 thousand and Adjusted EBITDA $8,000–$9,000 thousand.
Target Hospitality Corp. furnished preliminary unaudited estimates for the three months ended March 31, 2026, in connection with a secondary public offering by certain stockholders. The company expects total revenue of $70.5–$72.5 million, compared with $69.9 million in the same period of 2025.
Despite slightly higher revenue, profitability appears weaker. Estimated net loss is $14.7–$14.1 million versus a $6.5 million net loss a year earlier. Estimated EBITDA is $3.3–$4.3 million versus $16.6 million, and estimated Adjusted EBITDA is $8–$9 million versus $21.6 million. Management stresses these figures are preliminary and unaudited and may change after closing procedures are completed.
Target Hospitality Corp. furnished preliminary unaudited estimates for the three months ended March 31, 2026, in connection with a secondary public offering by certain stockholders. The company expects total revenue of $70.5–$72.5 million, compared with $69.9 million in the same period of 2025.
Despite slightly higher revenue, profitability appears weaker. Estimated net loss is $14.7–$14.1 million versus a $6.5 million net loss a year earlier. Estimated EBITDA is $3.3–$4.3 million versus $16.6 million, and estimated Adjusted EBITDA is $8–$9 million versus $21.6 million. Management stresses these figures are preliminary and unaudited and may change after closing procedures are completed.
Target Hospitality Corp. is asking stockholders to vote at its virtual 2026 annual meeting on four proposals, including electing six directors, ratifying Ernst & Young LLP as auditor, an advisory say-on-pay vote, and a third amendment to the 2019 incentive award plan.
The proxy highlights 2025 results: $320.6 million total revenue, $53.2 million Adjusted EBITDA, $66 million Discretionary Cash Flow, approximately $740 million in new multi-year awards since February 2025, and $0 net debt as of December 31, 2025. It also outlines strong board independence, committee structures, stock ownership guidelines, and detailed director and executive roles and compensation philosophy.
Target Hospitality Corp. Schedule 13G shows Private Capital Management, LLC reported beneficial ownership of 5,101,355 shares of Common Stock, representing 5.09% of the class as of 03/31/2026. The filing lists sole and shared voting and dispositive powers separately.
Target Hospitality Corp. signed a multi-year lease and services agreement with a top-five hyperscaler to build and operate a large “Data Center Hub” community in North Texas for about 4,000 people. Construction begins immediately, with first occupancy expected in the third quarter of 2026 and full completion in the second quarter of 2027.
The Data Center Hub Contract is expected to generate over $550 million in committed minimum revenue over roughly five years through the first quarter of 2031, plus potential variable revenue of about $20–$40 million annually once fully built. Target plans net capital investment of roughly $115–$125 million, mostly in 2026, and total Workforce Hospitality Solutions capital expenditures of about $130–$140 million to support recent awards. The company believes these contracts position it to reach annualized revenue above $500 million and annualized Adjusted EBITDA above $160 million by mid‑2027.
Target Hospitality Corp. updated the terms of its executive performance stock units and shared new investor materials. The board’s Compensation Committee approved a Second Amended 2023 Executive Performance Stock Unit Agreement, extending the Diversification EBITDA performance period end date from February 28, 2026 to February 28, 2027.
This follows an earlier change that extended the total shareholder return performance period to December 31, 2026. The company also posted an updated investor presentation on its website on March 11, 2026, which includes forward-looking statements subject to cautionary disclosures.
Target Hospitality Corp. provides a detailed overview of its business and segment performance for the year ended December 31, 2025. The company generated approximately $321 million in revenue, driven by 16,991 beds across 29 owned or managed communities in North America.
The HFS – South segment contributed about $141.7 million or 44% of revenue, while the newly created Workforce Hospitality Solutions (WHS) segment delivered approximately $96.8 million or 30% of revenue. Government operations added around $70.8 million, or 22% of revenue, with the remainder from other assets and facilities management.
WHS is anchored by multi‑year contracts, including a construction and services agreement with Lithium Nevada expected to generate about $175.2 million, and a data center community contract with committed minimum revenue of roughly $134 million. In the Government segment, the prior PCC contract was terminated in February 2025, but the Dilley Immigration Processing Center was reactivated under a new five‑year agreement with fixed minimum revenue of approximately $246 million. The filing highlights continued customer concentration, with three customers accounting for 28%, 11% and 11% of 2025 revenue and the top five customers representing about 63% of revenue.