X
TEN Holdings, Inc.
XHLDCIK 0002030954NasdaqEmerging GrowthServices-Business Services, NecNevadaFY ends Dec 31
Period
FY 2025
Revenue
$3.10M
Net Income
$-19.51M
Total Assets
$11.97M
Equity
$4.28M
Shares Out
3.98M
Op. Cash Flow
$-10.06M
Business
TEN Holdings, Inc. is a provider of event planning, production, and broadcasting services focusing on virtual, hybrid and physical events. It offers virtual and hybrid event planning, production and broadcasting services, continuing education solutions, and live streaming and video recording for physical events, all supported by its proprietary Xyvid Pro Platform. Its business is organized around virtual and hybrid events and a physical events segment, supported by research and development and dedicated customer service. It serves primarily corporate customers in domestic and international webcasting markets via a web-based platform and online and offline sales channels.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue - Related party | 3 | 3 | 4 | |
| Cost of revenue | −663,000 | −652,000 | 555,000 | |
| Gross profit | 2 | 3 | 3 | |
| Selling, General and Administrative Expenses - Related party | 15 | 5 | 5 | |
| Depreciation expenses | 591,000 | 190,000 | 51,000 | |
| Total operating expenses | 16 | 6 | 5 | |
| Loss from operations | −13 | −3 | −2 | |
| Other expenses, net | −2 | −30,000 | 28,000 | |
| Impairment loss | −4 | — | — | |
| Interest expenses, net | −284,000 | −210,000 | −52,000 | |
| Loss before income taxes | −20 | −3 | −2 | |
| Income tax expense | — | — | 35,000 | |
| Net Loss | −20 | −3 | −2 | |
| Net loss per share attributable to common stockholders, basic | −8.58 | −1.78 | −0.07 | |
| Net loss per share attributable to common stockholders, diluted | −8.58 | −1.78 | −0.07 | |
| Weighted-average number of shares of common stock outstanding used to compute net loss per share, basic | 2 | 2 | 25 | |
| Weighted-average number of shares of common stock outstanding used to compute net loss per share, diluted | 2 | 2 | 25 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 2 | 48,000 | 357,000 | — | |
| Accounts receivable, net | 635,000 | 515,000 | 359,000 | — | |
| Prepaid expenses and other current assets | 3 | 1 | 103,000 | — | |
| Total Current Assets | 10 | 2 | 910,000 | — | |
| Property and equipment, net | 172,000 | 219,000 | 234,000 | — | |
| Operating lease right-of-use assets, net | 455,000 | 530,000 | 601,000 | — | |
| Intangible assets, net | — | 4 | 3 | — | |
| Other assets | 914,000 | — | — | — | |
| Total Non-current Assets | 2 | 5 | — | — | |
| Total Assets | 12 | 6 | 5 | — | |
| Trade accounts payable | 284,000 | 561,000 | 644,000 | — | |
| Other payable and accrued expenses | 2 | 970,000 | — | — | |
| Deferred revenue | 430,000 | 147,000 | 275,000 | 54,000 | |
| Current portion of operating lease liabilities | 80,000 | 71,000 | 63,000 | — | |
| Total Current Liabilities | 7 | 8 | 3 | — | |
| Non-current operating lease liabilities | 422,000 | 502,000 | 573,000 | — | |
| Total Non-current Liability | 422,000 | 502,000 | — | — | |
| Total Liabilities | 8 | 8 | 4 | — | |
| Commitment and Contingencies (Note 6) | — | — | — | — | |
| Preferred stock; $0.0001 par value 1,000,000 shares authorized as of December 31, 2025 and 2024; No shares issued or outstanding as of December 31, 2025 and 2024 | — | — | — | — | |
| Common stock, $0.0001 par value 250,000,000 shares authorized as of December 31, 2025 and 2024; 3,977,443 and 1,712,609 shares issued and outstanding as of December 31, 2025 and 2024, respectively | — | — | 5,000 | — | |
| Additional paid-in capital | 26 | 322,000 | — | — | |
| Accumulated deficit | −21 | −2 | 1 | — | |
| Total Stockholders Equity | 4 | −2 | 1 | 3 | |
| Total Liabilities & Stockholders Equity | 12 | 6 | 5 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization | 591,000 | 190,000 | 51,000 | |
| Non-cash lease expenses | 75,000 | 71,000 | 68,000 | |
| Non-cash interest expenses | 241,000 | 218,000 | — | |
| Stock-based compensation | 5 | — | — | |
| Loss on extinguishment of debt | 2 | — | — | |
| Accounts receivable | −120,000 | −156,000 | 567,000 | |
| Prepaid expenses and other current assets | −2 | −90,000 | — | |
| Income tax receivable | — | 91,000 | 197,000 | |
| Other assets | −914,000 | — | −10,000 | |
| Accounts payable | −291,000 | −85,000 | 229,000 | |
| Payable due to related party | −156,000 | 108,000 | — | |
| Other payable and accrued expenses | 693,000 | 326,000 | — | |
| Deferred revenue | 282,000 | −127,000 | 221,000 | |
| Operating lease liabilities | −71,000 | −63,000 | −56,000 | |
| Net cash used in operating activities | −10 | −2 | −265,000 | |
| Purchase of property and equipment | — | −38,000 | −25,000 | |
| Purchase of capitalized internal-use software | −850,000 | −999,000 | −1 | |
| Net cash used in investing activities | −850,000 | −1 | −1 | |
| Proceeds from short-term loans - Related party | 3 | 4 | 2 | |
| Repayments of short-term loans - Related party | −2 | — | — | |
| Proceeds from issuance of shares | 12 | — | — | |
| Payment for Issuance of shares in settlement of claims | −254,000 | — | — | |
| Payment for deferred offering costs | — | −1 | — | |
| Net cash provided by financing activities | 12 | 3 | 2 | |
| Net change in cash and cash equivalents | 2 | −309,000 | 350,000 | |
| Settlement of debt through issuance of common stock | 2 | — | — | |
| Conversion of promissory note | — | 317,000 | — | |
| Capital contribution | 5 | — | — |
Filings
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