v3.25.2
Unaudited Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Common Stock in Treasury
Additional Paid In Capital
Accumulated Earnings
Accumulated Other Comprehensive Loss
Total Target Hospitality Corp. Stockholders' Equity
Noncontrolling Interest
Total
Beginning Balances at Dec. 31, 2023 $ 10 $ (23,559) $ 142,379 $ 261,115 $ (2,638) $ 377,307   $ 377,307
Beginning Balance (in shares) at Dec. 31, 2023 101,660,601              
Beginning Balances, Treasury (in shares) at Dec. 31, 2023   9,430,665            
Net income (loss)       20,383   20,383   20,383
Stock-based compensation, net     1,579     1,579   1,579
Stock-based compensation, net (in shares) 658,659              
Tax withholdings related to net share settlement of equity awards     (2,615)     (2,615)   (2,615)
Cumulative translation adjustment         (20) (20)   (20)
Issuance of Common Stock from exercise of warrants     3     3   3
Issuance of Common Stock from exercise of warrants (in shares) 1,079              
Issuance of Common Stock from exercise of stock options     268     268   268
Issuance of Common Stock from exercise of stock options (in shares) 59,524              
Repurchase of Common Stock as part of share repurchase program   $ (21,371)       (21,371)   (21,371)
Repurchase of Common Stock as part of share repurchase program (in shares) (2,274,440) 2,274,440            
Ending Balances at Mar. 31, 2024 $ 10 $ (44,930) 141,614 281,498 (2,658) 375,534   375,534
Ending Balance (in shares) at Mar. 31, 2024 100,105,423              
Ending Balances (in shares) at Mar. 31, 2024   11,705,105            
Beginning Balances at Dec. 31, 2023 $ 10 $ (23,559) 142,379 261,115 (2,638) 377,307   377,307
Beginning Balance (in shares) at Dec. 31, 2023 101,660,601              
Beginning Balances, Treasury (in shares) at Dec. 31, 2023   9,430,665            
Net income (loss)               38,769
Cumulative translation adjustment               (40)
Ending Balances at Jun. 30, 2024 $ 10 $ (44,822) 144,772 299,884 (2,678) 397,166   397,166
Ending Balance (in shares) at Jun. 30, 2024 100,430,681              
Ending Balances (in shares) at Jun. 30, 2024   11,705,105            
Beginning Balances at Mar. 31, 2024 $ 10 $ (44,930) 141,614 281,498 (2,658) 375,534   375,534
Beginning Balance (in shares) at Mar. 31, 2024 100,105,423              
Beginning Balances, Treasury (in shares) at Mar. 31, 2024   11,705,105            
Net income (loss)       18,386   18,386   18,386
Stock-based compensation, net     1,612     1,612   1,612
Stock-based compensation, net (in shares) 44,329              
Cumulative translation adjustment         (20) (20)   (20)
Issuance of Common Stock from exercise of stock options     1,546     1,546   1,546
Issuance of Common Stock from exercise of stock options (in shares) 280,929              
Repurchase of Common Stock as part of share repurchase program   $ 108       108   108
Ending Balances at Jun. 30, 2024 $ 10 $ (44,822) 144,772 299,884 (2,678) 397,166   397,166
Ending Balance (in shares) at Jun. 30, 2024 100,430,681              
Ending Balances (in shares) at Jun. 30, 2024   11,705,105            
Beginning Balances at Dec. 31, 2024 $ 10 $ (57,304) 148,780 332,380 (2,785) 421,081 $ 9 $ 421,090
Beginning Balance (in shares) at Dec. 31, 2024 98,952,054             98,952,054
Beginning Balances, Treasury (in shares) at Dec. 31, 2024   13,296,930           13,296,930
Net income (loss)       (6,461)   (6,461) 2 $ (6,459)
Stock-based compensation, net     1,672     1,672   1,672
Stock-based compensation, net (in shares) 412,662              
Tax withholdings related to net share settlement of equity awards     (973)     (973)   (973)
Cumulative translation adjustment         (4) (4)   (4)
Distributions             (58) (58)
Ending Balances at Mar. 31, 2025 $ 10 $ (57,304) 149,479 325,919 (2,789) 415,315 (47) 415,268
Ending Balance (in shares) at Mar. 31, 2025 99,364,716              
Ending Balances (in shares) at Mar. 31, 2025   13,296,930            
Beginning Balances at Dec. 31, 2024 $ 10 $ (57,304) 148,780 332,380 (2,785) 421,081 9 $ 421,090
Beginning Balance (in shares) at Dec. 31, 2024 98,952,054             98,952,054
Beginning Balances, Treasury (in shares) at Dec. 31, 2024   13,296,930           13,296,930
Net income (loss)               $ (21,377)
Cumulative translation adjustment               $ 17
Repurchase of Common Stock as part of share repurchase program (in shares)               (13,296,930)
Ending Balances at Jun. 30, 2025 $ 10 $ (57,304) 150,350 310,988 (2,768) 401,276 (91) $ 401,185
Ending Balance (in shares) at Jun. 30, 2025 99,778,072             99,778,072
Ending Balances (in shares) at Jun. 30, 2025   13,296,930           13,296,930
Beginning Balances at Mar. 31, 2025 $ 10 $ (57,304) 149,479 325,919 (2,789) 415,315 (47) $ 415,268
Beginning Balance (in shares) at Mar. 31, 2025 99,364,716              
Beginning Balances, Treasury (in shares) at Mar. 31, 2025   13,296,930            
Net income (loss)       (14,931)   (14,931) 13 (14,918)
Stock-based compensation, net     2,134     2,134   2,134
Stock-based compensation, net (in shares) 413,356              
Tax withholdings related to net share settlement of equity awards     (1,263)     (1,263)   (1,263)
Cumulative translation adjustment         21 21   21
Distributions             (57) (57)
Ending Balances at Jun. 30, 2025 $ 10 $ (57,304) $ 150,350 $ 310,988 $ (2,768) $ 401,276 $ (91) $ 401,185
Ending Balance (in shares) at Jun. 30, 2025 99,778,072             99,778,072
Ending Balances (in shares) at Jun. 30, 2025   13,296,930           13,296,930