Target Hospitality (TH) Cost of Revenue (2018 - 2026)

Target Hospitality (TH) has 9 years of Cost of Revenue data on file, last reported at $3.6 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $3.6 million, down 89.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $62.2 million (down 39.61% YoY), and the FY2024 annual result was $132.1 million, up 339.24% from the prior year.
• Cost of Revenue improved to $3.6 million in Q1 2026 per TH's latest filing, from -$8.3 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $64.1 million in Q3 2025 and troughed at -$79.4 million in Q4 2023.
• A 5-year average of $17.4 million and a median of $30.4 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 772.33% in 2022, then slumped 286.37% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $42.6 million in 2022, then tumbled by 286.37% to -$79.4 million in 2023, then surged by 138.3% to $30.4 million in 2024, then plunged by 127.2% to -$8.3 million in 2025, then surged by 143.35% to $3.6 million in 2026.
• Business Quant data shows TH's Cost of Revenue at $3.6 million in Q1 2026, -$8.3 million in Q4 2025, and $64.1 million in Q3 2025.