NASDAQ$TH
Target Hospitality Corp · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Target Hospitality Corp reported a net loss for Q2 2025 amid contract terminations in its Government segment.
Target Hospitality Corp recorded total revenue of $61.6 million for the three months ended June 30, 2025, a 39% decline from the prior year, primarily due to the termination of the PCC Contract and STFRC Contract. The company posted a net loss of $14.9 million and an operating loss of $16.9 million, partially offset by new construction fee income from the WHS segment. Cash and cash equivalents stood at $19.2 million at quarter end.
- Total revenue fell 39% year-over-year to $61.6 million due to loss of major Government contracts.
- Net loss of $14.9 million and operating loss of $16.9 million reflect lower utilization and higher construction costs in WHS.
- New Workforce Housing Contract contributed $15.0 million in revenue, including $14.4 million construction fee income.
- Cash position declined to $19.2 million following redemption of $181.4 million senior notes.
Headline financials
Revenue & EPS history
Target Hospitality · Revenue · Quarterly
$61.6M
Revenue by segment
Target Hospitality · $61.6M total across 4 segments · Q2 2025
- HFS – South$36.2M—58.7%
- WHS$15M—24.4%
- Government$7.49M—12.2%
- All Other$2.91M—4.7%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+2.0%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+4.5%
Avg return
30 days after
65%
20 / 31 earnings
Positive
+23.7%
Q4 2021
Best reaction
-34.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +17.9% | +21.7% | — | |
| Q4 2025 | +13.8% | +14.0% | +81.2% | |
| Q3 2025 | -15.5% | -15.4% | +6.7% | |
| Q1 2025 | +5.1% | +3.8% | -0.3% | |
| Q4 2024 | +6.4% | +7.3% | +3.6% | |
| Q3 2024 | +6.4% | -1.5% | -6.2% | |
| Q2 2024 | +12.5% | +10.5% | +10.5% | |
| Q1 2024 | +5.0% | +4.1% | +0.5% | |
| Q4 2023 | +4.8% | +1.8% | +25.4% | |
| Q3 2023 | -3.6% | -9.1% | -13.4% | |
| Q2 2023 | +7.8% | +13.5% | +21.9% | |
| Q1 2023 | +13.9% | +25.2% | +24.5% | |
| Q4 2022 | +6.0% | +8.4% | -23.0% | |
| Q3 2022 | +17.6% | +23.2% | +38.6% | |
| Q2 2022 | -9.6% | -2.6% | -7.8% | |
| Q1 2022 | -11.0% | -13.3% | -3.2% | |
| Q4 2021 | +23.7% | +18.6% | +19.6% | |
| Q3 2021 | -2.0% | -13.1% | -31.6% | |
| Q2 2021 | -16.4% | -14.4% | -4.2% | |
| Q1 2021 | +8.3% | +33.4% | +57.8% | |
| Q4 2020 | +6.8% | -7.7% | +29.7% | |
| Q3 2020 | +3.2% | +0.4% | +30.7% | |
| Q2 2020 | +12.4% | +13.8% | -9.0% | |
| Q1 2020 | +8.2% | +5.9% | -28.6% | |
| Q4 2019 | -34.9% | -3.1% | -58.3% | |
| Q3 2019 | -11.2% | -15.0% | -15.5% | |
| Q2 2019 | -13.5% | -12.2% | -8.9% | |
| Q1 2019 | -0.7% | -1.1% | -6.7% | |
| Q3 2018 | +0.1% | +0.2% | +1.7% | |
| Q2 2018 | +0.5% | +0.5% | +0.2% | |
| Q1 2018 | -0.5% | +1.0% | -0.7% | |
| Q4 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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