Target Hospitality Corp. TH

What this company does

Target Hospitality Corp. provides specialty rental and hospitality services, temporary specialty rental and hospitality services solutions and facilities management services across North America. It operates a network of geographically relocatable specialty rental accommodation units with 16,991 beds across 29 communities. As of December 31, 2025, the company employed approximately 902 people. For the year ended December 31, 2025, three customers accounted for 28%, 11% and 11% of the company's revenues, respectively. Target Hospitality Corp. currently operates its business in three reportable segments: HFS – South, which includes facilities and operations in sixteen communities located across Texas and New Mexico; WHS, which includes construction and hospitality services provided to a community in Winnemucca, Nevada supporting critical mineral development, and specialty rental and hospitality services provided to a community in the Southwestern United States supporting a regional data center campus; and Government. For the year ended December 31, 2025, revenue related to the HFS – South segment represented approximately 44% of the company's revenue, revenue related to the Government segment represented 22%, revenue related to the WHS segment represented 30%, and All Other revenue represented 4%. Though initially founded in 1978, Target Hospitality began operating as a specialty rental and hospitality services company in 2006.

Written from the business description in TARGET HOSPITALITY CORP.'s annual report to the U.S. Securities and Exchange Commission, filed 11 March 2026. Every sentence was checked against that document before publication.