The table below shows Target Hospitality Corp.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$320.63M
$386.27M
$563.61M
$501.99M
$291.34M
$225.15M
Cost of revenue
-
-
-
-
-
-
Gross profit
$42.66M
$178.18M
$313.32M
$247.13M
$101.35M
$57.16M
R&D
-
-
-
-
-
-
SG&A
TH annual revenue (10-K history)
Target Hospitality Corp. reported annual revenue of $320.63M for fiscal year 2025. That is down 17.0% from $386.27M in fiscal 2024. Over the 9 fiscal years shown, annual revenue grew from $134.24M (FY 2017) to $320.63M. Figures come from the company's audited annual reports as filed with the SEC.