v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 19,237 $ 190,668
Accounts receivable, less allowance for credit losses of $546 and $534, respectively 57,435 49,342
Prepaid expenses and other assets 6,375 9,326
Total current assets 83,047 249,336
Specialty rental assets, net 317,375 320,852
Other property, plant and equipment, net 36,889 34,935
Operating lease right-of-use assets, net 7,719 24,935
Goodwill 41,038 41,038
Other intangible assets, net 46,076 52,807
Deferred financing costs revolver, net 1,570 1,871
Total assets 533,714 725,774
Current liabilities:    
Accounts payable 21,426 16,187
Accrued liabilities 17,168 25,782
Deferred revenue and customer deposits 8,508 699
Current portion of operating lease obligations 7,106 8,548
Current portion of finance lease and other financing obligations (Note 7) 2,411 1,860
Current portion of long-term debt, net (Note 7)   180,328
Total current liabilities 56,619 233,404
Other liabilities:    
Revolving credit facility (Note 7) 24,000  
Long-term finance lease and other financing obligations 2,343 1,451
Long-term operating lease obligations 1,976 17,459
Deferred revenue and customer deposits 536 536
Deferred tax liability 44,427 49,271
Asset retirement obligations 2,628 2,563
Total liabilities 132,529 304,684
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common Stock, $0.0001 par, 400,000,000 authorized, 113,075,002 issued and 99,778,072 outstanding as of June 30, 2025 and 112,248,984 issued and 98,952,054 outstanding as of December 31, 2024. 10 10
Common Stock in treasury at cost, 13,296,930 shares as of June 30, 2025 and 13,296,930 shares as of December 31, 2024. (57,304) (57,304)
Additional paid-in-capital 150,350 148,780
Accumulated other comprehensive loss (2,768) (2,785)
Accumulated earnings 310,988 332,380
Total stockholders' equity attributable to Target Hospitality Corp. stockholders 401,276 421,081
Noncontrolling interest in consolidated subsidiaries (91) 9
Total stockholders' equity 401,185 421,090
Total liabilities and stockholders' equity $ 533,714 $ 725,774