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Target Hospitality (TH) Operating Expenses (2017 - 2025)

Target Hospitality (TH) has disclosed Operating Expenses for 9 consecutive years, with $33.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 28.79% to $33.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $115.7 million, a 3.83% increase, with the full-year FY2025 number at $115.7 million, up 3.83% from a year prior.
  • Operating Expenses was $33.7 million for Q4 2025 at Target Hospitality, up from $27.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $33.7 million in Q4 2025 to a low of $23.0 million in Q2 2022.
  • A 5-year average of $28.1 million and a median of $27.5 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 36.95% in 2023, then decreased 16.86% in 2024.
  • Target Hospitality's Operating Expenses stood at $23.6 million in 2021, then soared by 36.42% to $32.2 million in 2022, then decreased by 14.31% to $27.6 million in 2023, then decreased by 5.2% to $26.1 million in 2024, then increased by 28.79% to $33.7 million in 2025.
  • Per Business Quant, the three most recent readings for TH's Operating Expenses are $33.7 million (Q4 2025), $27.3 million (Q3 2025), and $26.2 million (Q2 2025).