TH — what changed in the latest 10-Q
A section-by-section comparison of TH's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-11 vs the prior 10-Q · 2025-11-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +90 | −114 | ~20 | 30 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −2 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-11
In March 2026, the Company entered into the West Texas Power Community agreement with a total expected minimum revenue amount of approximately $129 million to provide workforce accommodations and associated hospitality services, supporting a multi gigawatt power generation project for a hyperscale A…
In March 2026, the Company entered into the Pecos Power Community agreement to provide workforce accommodations and associated hospitality services in Pecos, Texas, supporting the development of a natural gas power plant. The agreement establishes a 26‑month term beginning in April 2026 and includes…
In March 2026, the Company entered into the Data Center Hub Contract to construct and provide comprehensive facility and hospitality services to assist the development of a data center campus in North Texas. The Data Center Hub will be designed to accommodate approximately 4,000 individuals, with fi…
The Company generated cash flows from operations for the three months ended March 31, 2026 of approximately $7.0 million compared to approximately $3.9 million for the three months ended March 31, 2025, representing an increase in cash flows from operations of approximately $3.1 million or 79% led b…
decrease in cash paid for interest driven by early payoff of the 2025 Senior Secured Notes on March 25, 2025, partially offset by an increase in cash paid for operating expenses (led by increased construction costs) and payroll, and a decrease in interest income.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
In February 2025, the Company entered into a multi-year construction and services agreement (“Workforce Housing Contract”) to provide construction of workforce housing, comprehensive facility services, and premium hospitality solutions to Lithium Nevada in support of Lithium Nevada’s development of …
In February 2025, the Company received notice that the U.S. government terminated the PCC Contract with the Company’s NP Partner, effective immediately on February 21, 2025, and the NP Partner provided notice to the Company of their intention to terminate the PCC Contract as of the PCC Termination E…
solutions and real property to support customer demand across its operating segments and other potential growth opportunities. The Company is actively engaged in re-marketing these assets.
During the year ended December 31, 2024, the STFRC Contract in the Company’s Government segment was terminated effective August 9, 2024. The STFRC Contract was based on a fixed minimum lease revenue amount and for the three and nine months ended September 30, 2024, contributed approximately $8.7 mil…
On March 10, 2025, the Company issued a notice of redemption to redeem all $181.4 million in aggregate principal amount of its 2025 Senior Secured Notes discussed in Note 7 of the notes to our unaudited consolidated financial statements included elsewhere within this Form 10-Q on March 25, 2025. The…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-11
On February 4, 2026, Heidi Lewis, the Company’s Executive Vice President, General Counsel and Secretary, terminated her previously adopted Rule 10b5-1 trading arrangement. Ms. Lewis’s Rule 10b5-1 trading arrangement was originally adopted on June 12, 2025, allowed for the sale of 89,972 shares of th…
On February 27, 2026, James B. Archer, the Company’s President and Chief Executive Officer, terminated his previously adopted Rule 10b5-1 trading arrangement. Mr. Archer’s Rule 10b5-1 trading arrangement was originally adopted on December 11, 2025, allowed for the sale of 250,000 shares of the Compa…
During the three months ended March 31, 2026, no other director or Section 16 officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
On August 11, 2025, Mark Schuck, the Company’s Senior Vice President of Investor Relations and Financial Planning, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Under the terms of the plan, Mr. Schuck may sell an aggregate 15,904 sha…
During the three months ended September 30, 2025, no other director or Section 16 officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice