TEN Holdings, Inc. Revenue Disclosure
13. Revenue
Disaggregation of Revenue
The tables below reflect revenue by major source and timing of transfer of goods and services for the year ended December 31, 2025 and 2024. The Company had no revenue derived from geographical regions outside of the U.S. during the year ended December 31, 2025 and 2024. All revenue during the year ended December 31, 2025 and 2024 was recognized when the performance obligation was satisfied at point in time.
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Delivered events - Virtual and Hybrid | $ | 2,737 | $ | 3,219 | ||||
| Delivered events - Physical | 367 | 285 | ||||||
| Total | $ | 3,104 | $ | 3,504 | ||||
The following table summarizes the activity in deferred revenue during the year ended December 31, 2025 and 2024:
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Balance, beginning of year | $ | 147 | $ | 275 | ||||
| Revenue earned | (1,061 | ) | (1,245 | ) | ||||
| Deferral of revenue | 1,344 | 1,117 | ||||||
| Balance, end of year | $ | 430 | $ | 147 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 18, 2026 | Showing above |
| 2024 | Mar 28, 2025 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.