v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,068 $ 8,348
Accounts receivable, less allowance for credit losses of $438 and $232, respectively 50,428 56,200
Prepaid expenses and other assets 7,374 8,790
Total current assets 63,870 73,338
Specialty rental assets, net 434,683 332,406
Other property, plant and equipment, net 42,061 35,754
Operating lease right-of-use assets, net 3,506 6,544
Goodwill 41,038 41,038
Other intangible assets, net 32,601 39,332
Deferred financing costs revolver, net 2,127 1,793
Other non-current assets 34,304  
Total assets 654,190 530,205
Current liabilities:    
Accounts payable 47,406 44,393
Accrued liabilities 24,356 22,475
Deferred revenue and customer deposits 21,252 9,282
Current portion of operating lease obligations 3,303 5,807
Current portion of finance lease and other financing obligations (Note 8) 2,539 2,086
Total current liabilities 98,856 84,043
Other liabilities:    
Revolving credit facility (Note 8) 40,000  
Long-term finance lease and other financing obligations 2,115 1,675
Long-term operating lease obligations 323 1,128
Deferred revenue and customer deposits 100,210 9,292
Deferred tax liability 40,134 42,312
Asset retirement obligations 2,765 2,695
Total liabilities 284,403 141,145
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common Stock, $0.0001 par, 400,000,000 authorized, 113,582,373 issued and 100,285,443 outstanding as of June 30, 2026 and 113,094,172 issued and 99,797,242 outstanding as of December 31, 2025. 10 10
Common Stock in treasury at cost, 13,296,930 shares as of June 30, 2026 and 13,296,930 shares as of December 31, 2025. (57,304) (57,304)
Additional paid-in-capital 157,112 154,090
Accumulated other comprehensive loss (3,014) (2,798)
Accumulated earnings 273,305 295,259
Total stockholders' equity attributable to Target Hospitality Corp. stockholders 370,109 389,257
Noncontrolling interest in consolidated subsidiaries (322) (197)
Total stockholders' equity 369,787 389,060
Total liabilities and stockholders' equity $ 654,190 $ 530,205