Target Hospitality (TH) Operating Expenses (2017 - 2026)

Target Hospitality (TH) has 10 years of Operating Expenses data on file, last reported at $30.1 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $30.1 million, up 5.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $117.3 million (up 6.42% YoY), and the FY2025 annual result was $115.7 million, up 3.83% from the prior year.
• Operating Expenses slipped to $30.1 million in Q1 2026 per TH's latest filing, from $33.7 million in the prior quarter.
• Over five years, Operating Expenses peaked at $33.7 million in Q4 2025 and troughed at $23.0 million in Q2 2022.
• A 5-year average of $29.0 million and a median of $28.5 million in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 36.95% in 2023, then declined 16.86% in 2024.
• A 5-year view of Operating Expenses shows it stood at $32.2 million in 2022, then dropped by 14.31% to $27.6 million in 2023, then slipped by 5.2% to $26.1 million in 2024, then gained by 28.79% to $33.7 million in 2025, then declined by 10.52% to $30.1 million in 2026.
• Business Quant data shows TH's Operating Expenses at $30.1 million in Q1 2026, $33.7 million in Q4 2025, and $27.3 million in Q3 2025.