vs
Side-by-side financial comparison of Golden Matrix Group, Inc. (GMGI) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $49.6M, roughly 1.5× Golden Matrix Group, Inc.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -179.0%, a 158.6% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -15.8%). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% CAGR vs 0.7%).
Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
GMGI vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.6M | $73.5M |
| Net Profit | $-88.7M | $-14.9M |
| Gross Margin | 57.5% | 9.6% |
| Operating Margin | -188.3% | -22.9% |
| Net Margin | -179.0% | -20.3% |
| Revenue YoY | -15.8% | 22.0% |
| Net Profit YoY | -4880.1% | -219.1% |
| EPS (diluted) | $-7.73 | $-0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $49.6M | $73.5M | ||
| Q3 25 | $47.3M | $91.6M | ||
| Q2 25 | $43.2M | $54.9M | ||
| Q1 25 | $42.7M | $54.9M | ||
| Q4 24 | $58.9M | $60.2M | ||
| Q3 24 | $41.0M | $65.8M | ||
| Q2 24 | $39.4M | $67.5M | ||
| Q1 24 | $11.8M | $72.4M |
| Q4 25 | $-88.7M | $-14.9M | ||
| Q3 25 | $566.0K | $-795.0K | ||
| Q2 25 | $-3.6M | $-14.9M | ||
| Q1 25 | $-231.6K | $-6.5M | ||
| Q4 24 | $1.9M | $12.5M | ||
| Q3 24 | $-3.4M | $20.0M | ||
| Q2 24 | $64.9K | $18.4M | ||
| Q1 24 | $74.5K | $20.4M |
| Q4 25 | 57.5% | 9.6% | ||
| Q3 25 | 55.8% | 19.6% | ||
| Q2 25 | 56.4% | -0.6% | ||
| Q1 25 | 56.6% | 32.7% | ||
| Q4 24 | 69.8% | 61.5% | ||
| Q3 24 | 54.7% | 68.7% | ||
| Q2 24 | 55.0% | 69.4% | ||
| Q1 24 | 28.5% | 67.8% |
| Q4 25 | -188.3% | -22.9% | ||
| Q3 25 | -0.8% | 0.1% | ||
| Q2 25 | -5.3% | -30.8% | ||
| Q1 25 | -0.2% | -2.0% | ||
| Q4 24 | 5.6% | 34.5% | ||
| Q3 24 | -2.4% | 42.5% | ||
| Q2 24 | 0.3% | 43.8% | ||
| Q1 24 | 2.4% | 42.0% |
| Q4 25 | -179.0% | -20.3% | ||
| Q3 25 | 1.2% | -0.9% | ||
| Q2 25 | -8.3% | -27.2% | ||
| Q1 25 | -0.5% | -11.8% | ||
| Q4 24 | 3.2% | 20.8% | ||
| Q3 24 | -8.3% | 30.4% | ||
| Q2 24 | 0.2% | 27.2% | ||
| Q1 24 | 0.6% | 28.2% |
| Q4 25 | $-7.73 | $-0.14 | ||
| Q3 25 | $0.00 | $-0.01 | ||
| Q2 25 | $-0.03 | $-0.15 | ||
| Q1 25 | $0.00 | $-0.07 | ||
| Q4 24 | $-0.13 | $0.12 | ||
| Q3 24 | $-0.03 | $0.20 | ||
| Q2 24 | $0.00 | $0.18 | ||
| Q1 24 | $0.00 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $46.5M | $389.3M |
| Total Assets | $118.1M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $46.5M | $389.3M | ||
| Q3 25 | $123.5M | $402.4M | ||
| Q2 25 | $121.3M | $401.3M | ||
| Q1 25 | $108.5M | $415.3M | ||
| Q4 24 | $105.1M | $421.1M | ||
| Q3 24 | $94.3M | $417.6M | ||
| Q2 24 | $90.4M | $397.2M | ||
| Q1 24 | $32.1M | $375.5M |
| Q4 25 | $118.1M | $530.2M | ||
| Q3 25 | $209.8M | $541.2M | ||
| Q2 25 | $210.3M | $533.7M | ||
| Q1 25 | $214.0M | $562.5M | ||
| Q4 24 | $213.7M | $725.8M | ||
| Q3 24 | $213.5M | $709.8M | ||
| Q2 24 | $191.5M | $697.0M | ||
| Q1 24 | $37.1M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.2M | $5.7M |
| Free Cash FlowOCF − Capex | $6.4M | — |
| FCF MarginFCF / Revenue | 13.0% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $5.7M | ||
| Q3 25 | $7.0M | $53.4M | ||
| Q2 25 | $2.4M | $11.1M | ||
| Q1 25 | $7.7M | $3.9M | ||
| Q4 24 | — | $30.6M | ||
| Q3 24 | $4.8M | $31.4M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | $8.2K | $50.6M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $-89.4K | — | ||
| Q1 25 | $6.6M | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $6.7K | — |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | 15.5% | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 2.6% | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 12.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | 0.11× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GMGI
| R Kings And CFAC | $43.8M | 88% |
| Other | $5.8M | 12% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
