Target Hospitality reports higher revenue and EBITDA in Q2 FY26
Target Hospitality posted Q2 revenue of $85.5 million, up 39% year over year, while net loss narrowed to $9 million.
Loss per share improved to $0.09; non-GAAP adjusted EBITDA jumped to $18.2 million, driven by growth in Workforce Hospitality Solutions.
Year-to-date net cash provided by operating activities reached $111 million, with discretionary cash flow of $108.2 million on higher customer advance payments.
Since January 2026, the company secured more than $1.4 billion of multi-year contract awards covering over 9,000 beds; the pipeline exceeds 20,000 potential beds.
Full-year outlook was raised to revenue of $410 million-$420 million, non-GAAP adjusted EBITDA of $85 million-$95 million, and capital expenditures of $490 million-$510 million.
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