Target Hospitality (NASDAQ:TH) reported first-quarter 2026 revenue of approximately $73 million and adjusted EBITDA of approximately $10 million, as management described the period as transitional while the company expands its Workforce Hospitality Solutions business and shifts its portfolio toward data center, power and other infrastructure-related end markets.
President and Chief Executive Officer Brad Archer said the company delivered a “strong first quarter” marked by progress on its strategic transformation and continued execution on recent contract awards. Since February 2025, Archer said Target Hospitality has secured more than $2 billion of multiyear contracts, including approximately $1.8 billion in its Workforce Hospitality Solutions, or WHS, segment.
