TEN Holdings, Inc. Financials
This page shows TEN Holdings, Inc. (XHLD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
TEN Holdings, Inc. has an operating margin of -77.8%, meaning the company retains $-78 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -43.8% the prior year.
TEN Holdings, Inc.'s revenue declined 5.8% year-over-year, from $3.7M to $3.5M. This contraction results in a growth score of 12/100.
TEN Holdings, Inc.'s current ratio of 0.24 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While TEN Holdings, Inc. generated -$2.5M in operating cash flow, capex of $38K consumed most of it, leaving -$2.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
TEN Holdings, Inc. passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, TEN Holdings, Inc. generates $0.84 in operating cash flow (-$2.5M OCF vs -$3.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
TEN Holdings, Inc. earns $-13.0 in operating income for every $1 of interest expense (-$2.7M vs $210K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
TEN Holdings, Inc. generated $3.5M in revenue in fiscal year 2024. This represents a decrease of 5.8% from the prior year.
TEN Holdings, Inc.'s EBITDA was -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 60.8% from the prior year.
TEN Holdings, Inc. generated -$2.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 770.0% from the prior year.
TEN Holdings, Inc. reported -$3.0M in net income in fiscal year 2024. This represents a decrease of 75.8% from the prior year.
TEN Holdings, Inc. earned $-0.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 71.4% from the prior year.
TEN Holdings, Inc. held $48K in cash against $0 in long-term debt as of fiscal year 2024.
TEN Holdings, Inc. had 26M shares outstanding in fiscal year 2024. This represents an increase of 2.8% from the prior year.
TEN Holdings, Inc.'s gross margin was 81.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.
TEN Holdings, Inc.'s operating margin was -77.8% in fiscal year 2024, reflecting core business profitability. This is down 34.0 percentage points from the prior year.
TEN Holdings, Inc.'s net profit margin was -84.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 39.3 percentage points from the prior year.
TEN Holdings, Inc. invested $38K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 52.0% from the prior year.
XHLD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Revenue | $543K-51.3% | $1.1M+51.0% | $739K | N/A |
| Cost of Revenue | $138K-21.1% | $175K-5.9% | $186K | N/A |
| Gross Profit | $405K-57.0% | $941K+70.2% | $553K | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.2M+1.5% | $2.2M-58.3% | $5.2M | N/A |
| Operating Income | -$1.9M-41.7% | -$1.4M+71.4% | -$4.8M | N/A |
| Interest Expense | $59K-26.3% | $80K+15.9% | $69K | N/A |
| Income Tax | -$9K | N/A | N/A | N/A |
| Net Income | -$2.0M+28.6% | -$2.8M+42.4% | -$4.8M | N/A |
| EPS (Diluted) | $-0.10+23.1% | $-0.13+27.8% | $-0.18 | N/A |
XHLD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $10.7M-2.8% | $11.1M+2.5% | $10.8M+126.3% | $4.8M |
| Current Assets | $3.2M-5.3% | $3.3M+15.4% | $2.9M+217.4% | $910K |
| Cash & Equivalents | $310K-58.1% | $739K+199.2% | $247K-30.8% | $357K |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $538K+130.9% | $233K-26.5% | $317K-11.7% | $359K |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.0M+21.8% | $5.7M-2.7% | $5.9M+58.0% | $3.7M |
| Current Liabilities | $6.5M+24.1% | $5.3M-2.6% | $5.4M+71.5% | $3.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $3.8M-29.2% | $5.3M+8.6% | $4.9M+367.9% | $1.1M |
| Retained Earnings | -$11.5M-20.8% | -$9.5M-41.2% | -$6.8M-746.1% | $1.0M |
XHLD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | -$1.5M-84.1% | -$792K+88.3% | -$6.8M | N/A |
| Capital Expenditures | $2K-89.5% | $19K+72.7% | $11K | N/A |
| Free Cash Flow | -$724K-62.7% | -$445K+24.8% | -$592K | N/A |
| Investing Cash Flow | -$298K-16.0% | -$257K+5.9% | -$273K | N/A |
| Financing Cash Flow | $1.3M-13.9% | $1.5M-78.8% | $7.3M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
XHLD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | 74.6%-9.7pp | 84.3%+9.5pp | 74.8% | N/A |
| Operating Margin | -354.9%-233.0pp | -121.9%+522.5pp | -644.4% | N/A |
| Net Margin | -365.9%-116.5pp | -249.5%+404.9pp | -654.4% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | -18.5%+6.7pp | -25.2%+19.6pp | -44.8% | N/A |
| Current Ratio | 0.48-0.2 | 0.63+0.1 | 0.54+0.2 | 0.29 |
| Debt-to-Equity | 1.84+0.8 | 1.07-0.1 | 1.19-2.3 | 3.54 |
| FCF Margin | -88.5%-45.0pp | -43.5%+9.0pp | -52.5% | N/A |
Note: Shareholder equity is negative (-$1.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is TEN Holdings, Inc.'s annual revenue?
TEN Holdings, Inc. (XHLD) reported $3.5M in total revenue for fiscal year 2024. This represents a -5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is TEN Holdings, Inc.'s revenue growing?
TEN Holdings, Inc. (XHLD) revenue declined by 5.8% year-over-year, from $3.7M to $3.5M in fiscal year 2024.
Is TEN Holdings, Inc. profitable?
No, TEN Holdings, Inc. (XHLD) reported a net income of -$3.0M in fiscal year 2024, with a net profit margin of -84.7%.
What is TEN Holdings, Inc.'s earnings per share (EPS)?
TEN Holdings, Inc. (XHLD) reported diluted earnings per share of $-0.12 for fiscal year 2024. This represents a -71.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is TEN Holdings, Inc.'s EBITDA?
TEN Holdings, Inc. (XHLD) had EBITDA of -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is TEN Holdings, Inc.'s gross margin?
TEN Holdings, Inc. (XHLD) had a gross margin of 81.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is TEN Holdings, Inc.'s operating margin?
TEN Holdings, Inc. (XHLD) had an operating margin of -77.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is TEN Holdings, Inc.'s net profit margin?
TEN Holdings, Inc. (XHLD) had a net profit margin of -84.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is TEN Holdings, Inc.'s free cash flow?
TEN Holdings, Inc. (XHLD) generated -$2.5M in free cash flow during fiscal year 2024. This represents a -770.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is TEN Holdings, Inc.'s operating cash flow?
TEN Holdings, Inc. (XHLD) generated -$2.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are TEN Holdings, Inc.'s total assets?
TEN Holdings, Inc. (XHLD) had $6.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are TEN Holdings, Inc.'s capital expenditures?
TEN Holdings, Inc. (XHLD) invested $38K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does TEN Holdings, Inc. have outstanding?
TEN Holdings, Inc. (XHLD) had 26M shares outstanding as of fiscal year 2024.
What is TEN Holdings, Inc.'s current ratio?
TEN Holdings, Inc. (XHLD) had a current ratio of 0.24 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is TEN Holdings, Inc.'s debt-to-equity ratio?
TEN Holdings, Inc. (XHLD) had a debt-to-equity ratio of -5.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TEN Holdings, Inc.'s return on assets (ROA)?
TEN Holdings, Inc. (XHLD) had a return on assets of -46.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is TEN Holdings, Inc.'s cash runway?
Based on fiscal year 2024 data, TEN Holdings, Inc. (XHLD) had $48K in cash against an annual operating cash burn of $2.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is TEN Holdings, Inc.'s debt-to-equity ratio negative or unusual?
TEN Holdings, Inc. (XHLD) has negative shareholder equity of -$1.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is TEN Holdings, Inc.'s Piotroski F-Score?
TEN Holdings, Inc. (XHLD) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TEN Holdings, Inc.'s earnings high quality?
TEN Holdings, Inc. (XHLD) has an earnings quality ratio of 0.84x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can TEN Holdings, Inc. cover its interest payments?
TEN Holdings, Inc. (XHLD) has an interest coverage ratio of -13.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is TEN Holdings, Inc.?
TEN Holdings, Inc. (XHLD) scores 3 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.