For the quarter ending 2026-03-31, TH had -$2,887K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -12,962 | -14,943 | -757 | -21,377 |
| Depreciation | 16,233 | 16,239 | 15,092 | 28,580 |
| Amortization of intangible assets | 3,363 | 3,372 | 3,372 | 6,731 |
| Noncash operating lease expense | 2,149 | 2,197 | 2,386 | 4,492 |
| Accretion of asset retirement obligation | -35 | -34 | -33 | -65 |
| Amortization of deferred financing costs | 212 | 159 | 153 | 424 |
| Amortization of original issue discount | - | 0 | 0 | 440 |
| Loss on extinguishment of debt | - | 0 | 0 | -2,370 |
| Stock-based compensation expense | 1,658 | 1,819 | 1,927 | 3,806 |
| Loss (gain) on disposal of specialty rental assets and other property, plant and equipment | 7 | 11 | 3 | -27 |
| Deferred income taxes | -2,256 | -2,331 | 216 | -4,844 |
| Provision for credit losses on receivables, net of recoveries | 80 | 72 | 594 | 37 |
| Accounts receivable | -10,508 | 13,442 | -14,130 | 8,200 |
| Prepaid expenses and other assets | -1,277 | 2,465 | -53 | -2,957 |
| Accounts payable and other accrued liabilities | -22,085 | 13,757 | 13,485 | -4,095 |
| Deferred revenue and customer deposits | 11,180 | 3,605 | 5,925 | 7,809 |
| Operating lease obligation | -2,301 | -2,319 | -3,236 | -4,201 |
| Other non-current assets and liabilities | 44 | 8 | 14 | 20 |
| Net cash provided by operating activities | 7,040 | 5,735 | 53,356 | 15,001 |
| Purchase of specialty rental assets | 32,594 | 26,567 | 16,211 | 24,261 |
| Other investing activities | 6,860 | - | - | - |
| Purchase of property, plant, and equipment | 176 | 52 | 49 | 650 |
| Proceeds from the sale of property, plant and equipment | 275 | - | - | - |
| Net cash used in investing activities | -39,355 | -26,619 | -16,260 | -24,911 |
| Repayment of senior notes | - | 0 | 0 | 181,446 |
| Principal payments on finance and finance lease obligations | 511 | 537 | 623 | 1,184 |
| Principal payments on borrowings from abl facility | 18,600 | 0 | 24,000 | 51,000 |
| Proceeds from borrowings on abl facility | 48,600 | 0 | 0 | 75,000 |
| Payment of debt extinguishment premium costs | - | 0 | 0 | 1,814 |
| Payment of deferred financing costs | - | 535 | - | - |
| Taxes paid related to net share settlement of equity awards | - | 6 | 1,263 | 973 |
| Distributions paid to noncontrolling interest | 57 | 78 | 56 | 126 |
| Net cash provided by (used in) financing activities | 29,432 | -1,156 | -25,942 | -161,543 |
| Effect of exchange rate changes on cash and cash equivalents | -4 | 1 | -4 | 22 |
| Net decrease in cash and cash equivalents | -2,887 | -22,039 | 11,150 | -171,431 |
| Cash and cash equivalents - beginning of period | 8,348 | 30,387 | 190,668 | - |
| Cash and cash equivalents - end of period | 5,461 | 8,348 | 30,387 | - |
Target Hospitality Corp. (TH)
Target Hospitality Corp. (TH)