v3.26.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Common Stock in Treasury
Additional Paid In Capital
Accumulated Other Comprehensive Loss
Accumulated Earnings
Total Target Hospitality Corp. Stockholders' Equity
Noncontrolling Interest
Total
Beginning Balances at Dec. 31, 2024 $ 10 $ (57,304) $ 148,780 $ (2,785) $ 332,380 $ 421,081 $ 9 $ 421,090
Beginning Balance (in shares) at Dec. 31, 2024 98,952,054              
Beginning Balances, Treasury (in shares) at Dec. 31, 2024   13,296,930            
Net 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 (2,789) 325,919 415,315 (47) 415,268
Ending Balance (in shares) at Mar. 31, 2025 99,364,716              
Ending Balances, Treasury (in shares) at Mar. 31, 2025   13,296,930            
Beginning Balances at Dec. 31, 2024 $ 10 $ (57,304) 148,780 (2,785) 332,380 421,081 9 421,090
Beginning Balance (in shares) at Dec. 31, 2024 98,952,054              
Beginning Balances, Treasury (in shares) at Dec. 31, 2024   13,296,930            
Net loss               (21,377)
Cumulative translation adjustment               17
Ending Balances at Jun. 30, 2025 $ 10 $ (57,304) 150,350 (2,768) 310,988 401,276 (91) 401,185
Ending Balance (in shares) at Jun. 30, 2025 99,778,072              
Ending Balances, Treasury (in shares) at Jun. 30, 2025   13,296,930            
Beginning Balances at Mar. 31, 2025 $ 10 $ (57,304) 149,479 (2,789) 325,919 415,315 (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 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 (2,768) 310,988 401,276 (91) 401,185
Ending Balance (in shares) at Jun. 30, 2025 99,778,072              
Ending Balances, Treasury (in shares) at Jun. 30, 2025   13,296,930            
Beginning Balances at Dec. 31, 2025 $ 10 $ (57,304) 154,090 (2,798) 295,259 389,257 (197) $ 389,060
Beginning Balance (in shares) at Dec. 31, 2025 99,797,242             99,797,242
Beginning Balances, Treasury (in shares) at Dec. 31, 2025   13,296,930           13,296,930
Net loss         (12,919) (12,919) (43) $ (12,962)
Stock-based compensation, net     1,658     1,658   1,658
Stock-based compensation, net (in shares) 356,755              
Tax withholdings related to net share settlement of equity awards     (1,046)     (1,046)   (1,046)
Cumulative translation adjustment       (26)   (26)   (26)
Distributions             (62) (62)
Ending Balances at Mar. 31, 2026 $ 10 $ (57,304) 154,702 (2,824) 282,340 376,924 (302) 376,622
Ending Balance (in shares) at Mar. 31, 2026 100,153,997              
Ending Balances, Treasury (in shares) at Mar. 31, 2026   13,296,930            
Beginning Balances at Dec. 31, 2025 $ 10 $ (57,304) 154,090 (2,798) 295,259 389,257 (197) $ 389,060
Beginning Balance (in shares) at Dec. 31, 2025 99,797,242             99,797,242
Beginning Balances, Treasury (in shares) at Dec. 31, 2025   13,296,930           13,296,930
Net loss               $ (21,943)
Cumulative translation adjustment               (216)
Ending Balances at Jun. 30, 2026 $ 10 $ (57,304) 157,112 (3,014) 273,305 370,109 (322) $ 369,787
Ending Balance (in shares) at Jun. 30, 2026 100,285,443             100,285,443
Ending Balances, Treasury (in shares) at Jun. 30, 2026   13,296,930           13,296,930
Beginning Balances at Mar. 31, 2026 $ 10 $ (57,304) 154,702 (2,824) 282,340 376,924 (302) $ 376,622
Beginning Balance (in shares) at Mar. 31, 2026 100,153,997              
Beginning Balances, Treasury (in shares) at Mar. 31, 2026   13,296,930            
Net loss         (9,035) (9,035) 54 (8,981)
Stock-based compensation, net     2,316     2,316   2,316
Stock-based compensation, net (in shares) 106,555              
Tax withholdings related to net share settlement of equity awards     (115)     (115)   (115)
Cumulative translation adjustment       (190)   (190)   (190)
Distributions             (74) (74)
Issuance of Common Stock from exercise of stock options     209     209   209
Issuance of Common Stock from exercise of stock options (in shares) 24,891              
Ending Balances at Jun. 30, 2026 $ 10 $ (57,304) $ 157,112 $ (3,014) $ 273,305 $ 370,109 $ (322) $ 369,787
Ending Balance (in shares) at Jun. 30, 2026 100,285,443             100,285,443
Ending Balances, Treasury (in shares) at Jun. 30, 2026   13,296,930           13,296,930