TEN Holdings, Inc. Reports Full Year 2025 Financial Results
Rhea-AI Summary
TEN Holdings (Nasdaq: XHLD) reported full-year 2025 results on March 18, 2026, its first year as a public company. Total revenue was $3.1M, down 11.4% from 2024, gross margin fell to 78.6%, and net loss widened to $19.5M or $(8.58) per share.
SG&A rose ~183% to $15.3M (including $10.0M non-cash items). Cash totaled $1.63M and financing provided $18.2M in 2025. Management highlighted tech partnerships, SOC 2 implementation, customer growth, and SaaS expansion plans.
Positive
- Financing provided $18.2M in 2025
- Total cash increased to $1.63M at year-end
- New customers more than doubled to 16
- Estimated platform partnership savings of $1.2M–$1.7M annually
- Implemented SOC 2 compliant broadcast systems
Negative
- Revenue declined 11.4% to $3.1M
- SG&A increased 183% to $15.3M
- Net loss widened to $19.5M or $(8.58) per share
- Gross margin contracted by 2.8 percentage points
- Net cash used in operations increased substantially in 2025
News Market Reaction – XHLD
In the Mar 19 session, XHLD declined 3.55%, reflecting a moderate negative market reaction. Argus tracked a trough of -2.8% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 10 | Q3 2025 earnings | Negative | -3.3% | Q3 2025 showed modest revenue growth but much wider net loss and costs. |
| Aug 14 | Q2 2025 earnings | Negative | -8.5% | Q2 2025 revenue grew but net loss and operating expenses rose sharply. |
| May 20 | Q1 2025 earnings | Negative | +2.7% | Q1 2025 revenue declined and losses widened on much higher SG&A. |
| Mar 28 | FY 2024 results | Negative | -20.0% | Full year 2024 saw lower revenue, thinner margins, and a larger net loss. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have typically been followed by negative price reactions, with an average move of about -7.27% and 3 of 4 past events trading down the next day.
Over the past year, TEN Holdings’ earnings releases have highlighted revenue pressure and widening losses as public-company costs ramped. Full year 2024 results showed declining revenue and margins. Subsequent Q1–Q3 2025 updates featured lower or modestly growing revenue but sharply higher SG&A and stock-based compensation, driving larger net losses and going-concern language. Today’s full year 2025 report continues that trend with revenue down, significantly higher expenses, and a much larger net loss despite a stronger cash balance from financing.
Key Terms
soc 2 technical
stock based compensation financial
conversational ai technical
software-as-a-service technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Management Commentary
Fiscal 2025 marked TEN Holdings' first year as a public company, a period during which management prioritized establishing the operational, technological, and governance foundations necessary to support scalable growth, raising capital and enhancing visibility with the investor community.
"This past year, we focused on strengthening our platform, expanding enterprise adoption, and leveraging strategic partnerships to drive operational efficiency and sustainable performance," said Randolph Wilson Jones III, Chief Executive Officer of TEN Holdings. "These initiatives position TEN Holdings to deliver long-term value for shareholders."
A cornerstone of the Company's operational strategy was the acceleration of the Ten Events Pro platform through a strategic partnership with Webinar.net. This collaboration enabled the Company to enhance platform functionality, streamline development processes, and improve operational efficiency, with estimated savings of
The Company also made key investments in security, trust, and innovation. During the year, TEN Holdings implemented SOC 2 compliant broadcast systems, reinforcing enterprise confidence in the reliability, security, and compliance of its digital event and communications platform. In addition, the Company expanded its service offerings to include conversational AI solutions, designed to enhance engagement, automation, and data-driven insights for enterprise clients.
On the commercial front, TEN Holdings more than doubled the number of new customers acquired, increasing from six in the prior year to 16 in fiscal 2025, reflecting growing market adoption and recognition of the Company's technology solutions. Management also actively engaged with the investment community, participating in multiple investor conferences and meetings throughout the year to communicate the Company's strategy, technology advancements, and long-term growth opportunities.
Management believes that the initiatives completed in fiscal 2025, including strengthening strategic partnerships, advancing platform capabilities, enhancing enterprise security, expanding the customer base, and establishing a presence in the public capital markets, have positioned TEN Holdings to pursue growth and long-term shareholder value.
Financial Results
- The Company reported fiscal year 2025 total revenues of
$3.1 million 11.4% from$3.5 million
a.) Virtual & Hybrid events decreased by
b.) Physical events increased by
- Cost of revenue in fiscal year 2025 increased by approximately
$11,000 1.7% , to approximately$663,000
- Gross profit margin for fiscal year 2025 declined by
2.8% to78.6% from81.4% in fiscal year 2024, due to a decrease in revenues.
- Selling, general and administrative expenses increased by approximately
$9,886,000 183% , to approximately$15,276,000 $10,000,000 $1,700,000 $3,100,000 $400,000 - Interest expense increased by approximately
$74,000 35% , to approximately$284,000 - Net loss for the twelve months ended December 31, 2025 was approximately
$19,498,000 $(8.58) $2,968,000 $(1.78) - Weighted average number of common shares outstanding was 2,272,982 for the twelve months ended December 31, 2025 and 1,667,674 for the twelve months ended December 31, 2024.
Selected Balance Sheet and Cash Flow Results
- As of December 31, 2025, the Company had total cash of approximately
$1,630,657 $48,479
- Net cash used in operating activities increased from approximately
$10.3 million $2.5 million
- Net cash used in investing activities for fiscal year 2025 was
$847,000 $1.04 million - Net cash provided by financing activity increased from approximately
$3.2 million $18.2 million
Company Outlook
- TEN Holdings plans to promote future business growth by strengthening customer relationships, improving customer loyalty, and increasing marketing and sales efforts with additional investment in digital marketing and sales team expansion.
- Increase product and market expansion of the software-as-a-service, Ten Events Pro, designed to provide professional-grade production quality for virtual and hybrid events with flexibility, speed, and control. Management anticipates that this strategic expansion will broaden the customer base, enhance market reach, and generate sustainable recurring revenue streams.
- Maximize partnerships with V-Cube and Webinar.net to penetrate new market opportunities.
- The Company plans to continue to raise capital to facilitate investments in, partnerships with, and acquisitions of appropriate businesses that offer complementary and strategic advantages to enhance overall competitiveness and growth.
About TEN Holdings, Inc.
The Company, through its subsidiary, Ten Events, Inc., is a provider of event planning, production, and broadcasting services headquartered in
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to: the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott
1177 Avenue of the
Office: (646) 893-5835
Email: info@skylineccg.com
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SOURCE TEN Holdings, Inc.