Risk factors

Target Hospitality (TH) risk factors

Item 1A of every Target Hospitality Corp. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    38 risks, 5 new, 5 dropped, 7 reworded since the prior year. Target Hospitality expanded into new markets like lithium mining and AI data center infrastructure, replacing previous heavy debt risks.

    Filed Mar 11, 2026
  • FY2024 10-K risk factors

    38 risks. Customer concentration is exceptionally high, with the largest customer generating 48% and top five generating 74% of revenue in 2024.

    Filed Mar 26, 2025