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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.

  • Quarterly Operating Expenses rose 28.79% to $33.7 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $115.7 million through Dec 2025, up 3.83% year-over-year, with the annual reading at $115.7 million for FY2025, 3.83% up from the prior year.
  • Operating Expenses for Q4 2025 was $33.7 million at Target Hospitality, up from $27.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $33.7 million in Q4 2025, with the low at $23.0 million in Q2 2022.
  • Average Operating Expenses over 5 years is $28.1 million, with a median of $27.5 million recorded in 2023.
  • The sharpest move saw Operating Expenses soared 36.95% in 2023, then fell 16.86% in 2024.
  • Over 5 years, Operating Expenses stood at $23.6 million in 2021, then soared by 36.43% to $32.2 million in 2022, then fell by 14.31% to $27.6 million in 2023, then decreased by 5.2% to $26.1 million in 2024, then rose by 28.79% to $33.7 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $33.7 million, $27.3 million, and $26.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.