Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Target Hospitality Corp. (NASDAQ: TH) SEC filings, offering a detailed view of how the company reports its operations as one of North America’s largest providers of vertically integrated modular accommodations and value-added hospitality services in the United States. As a Delaware corporation with common stock listed on the Nasdaq Capital Market, Target files current and periodic reports that describe its segments, contracts and governance framework.
Investors can review Form 8-K filings covering material events such as quarterly financial results, investor presentations and amendments to the company’s bylaws. For example, recent 8-Ks discuss second and third quarter 2025 results, including segment data for Government, Hospitality & Facilities Services – South, Workforce Hospitality Solutions and other hospitality services, as well as changes to the company’s bylaws in response to updates in Delaware corporate law.
Through this filings page, users can also track disclosures related to multi-year contracts in the Government and Workforce Hospitality Solutions segments, data center and critical mineral projects, and Target’s participation in strategic sourcing vehicles for U.S. government work. These documents complement press releases by providing formal regulatory detail on revenue composition, segment performance and significant agreements.
Stock Titan enhances access to these filings with AI-powered summaries that explain key points from lengthy documents, helping readers quickly understand what each report means for Target Hospitality’s modular accommodations, hospitality services and contract portfolio. Users can reference this page for timely updates as new filings are posted to the SEC’s EDGAR system.
TDR Capital–affiliated investors and related entities report large ownership and planned sales of Target Hospitality Corp. common stock. They collectively beneficially own 56,576,003 shares, representing 56.8% of the company’s common stock.
The group, including Sapphire Holding, Arrow Holdings and MFA entities, states an intention to sell or dispose of some or substantially all of their holdings over time through marketed offerings, open‑market and private transactions, or distributions. As part of this strategy, Arrow Holdings and MFA Global agreed to sell 8,050,000 shares in an underwritten secondary offering at $13.265 per share, which closed on April 23, 2026.
Target Hospitality Corp. disclosed that entities affiliated with TDR Capital participated in a secondary share sale. On April 23, 2026, MFA Global S.a r.l. (in liquidation) and Arrow Holdings S.a r.l. sold an aggregate 8,050,000 shares of common stock in an underwritten public offering at $13.265 per share.
After the transaction, the reporting group shows 56,576,003 shares of common stock held indirectly. Various TDR-related entities and individuals are described as potential beneficial owners through layered holding structures, while each TDR person formally disclaims beneficial ownership beyond any pecuniary interest.
Target Hospitality Corp. registered 7,000,000 shares of Common Stock for resale by affiliates of investment funds managed by TDR Capital LLP, with an underwriters’ option to purchase up to 1,050,000 additional shares. The offering is a resale by the selling stockholders; the Company will receive no proceeds.
The public offering price is $14.00 per share, implying proceeds to the selling stockholders of $92,855,000 before exercise of the option. Shares outstanding were 99,560,575 as of April 20, 2026, and the Company’s Nasdaq symbol is TH.
Target Hospitality Corp. disclosed that existing shareholders Arrow Holdings S.à r.l. and MFA Global S.à r.l. entered into an underwriting agreement to sell 7,000,000 shares of common stock in a registered secondary offering at $14.00 per share. The selling stockholders also granted underwriters a 30-day option to purchase up to 1,050,000 additional shares. Total gross proceeds to the selling stockholders are approximately $98,000,000, and the company will not receive any proceeds from this transaction.
Target Hospitality Corp. registered 7,000,000 shares of common stock for resale by affiliates of investment funds managed by TDR Capital; the underwriters have a 30-day option to purchase up to 1,050,000 additional shares. The company will receive no proceeds from these sales.
The prospectus supplement states 99,560,575 shares outstanding as of April 20, 2026 and that 8,487,178 shares are reserved for issuance upon exercise of outstanding options. The filing includes preliminary unaudited Q1 2026 ranges: total revenue $70,500–$72,500 thousand and Adjusted EBITDA $8,000–$9,000 thousand.
Target Hospitality Corp. registered 7,000,000 shares of common stock for resale by affiliates of investment funds managed by TDR Capital; the underwriters have a 30-day option to purchase up to 1,050,000 additional shares. The company will receive no proceeds from these sales.
The prospectus supplement states 99,560,575 shares outstanding as of April 20, 2026 and that 8,487,178 shares are reserved for issuance upon exercise of outstanding options. The filing includes preliminary unaudited Q1 2026 ranges: total revenue $70,500–$72,500 thousand and Adjusted EBITDA $8,000–$9,000 thousand.
Target Hospitality Corp. furnished preliminary unaudited estimates for the three months ended March 31, 2026, in connection with a secondary public offering by certain stockholders. The company expects total revenue of $70.5–$72.5 million, compared with $69.9 million in the same period of 2025.
Despite slightly higher revenue, profitability appears weaker. Estimated net loss is $14.7–$14.1 million versus a $6.5 million net loss a year earlier. Estimated EBITDA is $3.3–$4.3 million versus $16.6 million, and estimated Adjusted EBITDA is $8–$9 million versus $21.6 million. Management stresses these figures are preliminary and unaudited and may change after closing procedures are completed.
Target Hospitality Corp. furnished preliminary unaudited estimates for the three months ended March 31, 2026, in connection with a secondary public offering by certain stockholders. The company expects total revenue of $70.5–$72.5 million, compared with $69.9 million in the same period of 2025.
Despite slightly higher revenue, profitability appears weaker. Estimated net loss is $14.7–$14.1 million versus a $6.5 million net loss a year earlier. Estimated EBITDA is $3.3–$4.3 million versus $16.6 million, and estimated Adjusted EBITDA is $8–$9 million versus $21.6 million. Management stresses these figures are preliminary and unaudited and may change after closing procedures are completed.
Target Hospitality Corp. is asking stockholders to vote at its virtual 2026 annual meeting on four proposals, including electing six directors, ratifying Ernst & Young LLP as auditor, an advisory say-on-pay vote, and a third amendment to the 2019 incentive award plan.
The proxy highlights 2025 results: $320.6 million total revenue, $53.2 million Adjusted EBITDA, $66 million Discretionary Cash Flow, approximately $740 million in new multi-year awards since February 2025, and $0 net debt as of December 31, 2025. It also outlines strong board independence, committee structures, stock ownership guidelines, and detailed director and executive roles and compensation philosophy.
Target Hospitality Corp. Schedule 13G shows Private Capital Management, LLC reported beneficial ownership of 5,101,355 shares of Common Stock, representing 5.09% of the class as of 03/31/2026. The filing lists sole and shared voting and dispositive powers separately.
Target Hospitality Corp. signed a multi-year lease and services agreement with a top-five hyperscaler to build and operate a large “Data Center Hub” community in North Texas for about 4,000 people. Construction begins immediately, with first occupancy expected in the third quarter of 2026 and full completion in the second quarter of 2027.
The Data Center Hub Contract is expected to generate over $550 million in committed minimum revenue over roughly five years through the first quarter of 2031, plus potential variable revenue of about $20–$40 million annually once fully built. Target plans net capital investment of roughly $115–$125 million, mostly in 2026, and total Workforce Hospitality Solutions capital expenditures of about $130–$140 million to support recent awards. The company believes these contracts position it to reach annualized revenue above $500 million and annualized Adjusted EBITDA above $160 million by mid‑2027.