TEN Holdings (XHLD) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 was the first year as a public company, focusing on operational, technological, and governance foundations for scalable growth.

• Strategic partnerships with Webinar.net and V-Cube enhanced platform functionality and enterprise communication capabilities.

• Investments in SOC 2 compliant systems and conversational AI expanded service offerings and improved security and innovation.

• New customer acquisitions more than doubled year-over-year, from 6 to 16.

Financial highlights

• Total revenues for 2025 were $3.1 million, down 11.4% from $3.5 million in 2024, mainly due to a decline in virtual & hybrid events.

• Gross profit margin declined to 78.6% from 81.4% year-over-year.

• Net loss widened to $19.5 million ($8.58 per share) from $3.0 million ($1.78 per share) in 2024.

• Selling, general, and administrative expenses rose 183% to $15.3 million, including $10 million in non-cash items and $1.7 million in public company costs.

• Interest expense increased 35% to $284,000 due to shareholder loans.

Outlook and guidance

• Plans to strengthen customer relationships, expand digital marketing, and grow the sales team.

• Focus on expanding Ten Events Pro SaaS platform to drive recurring revenue and market reach.

• Intends to maximize partnerships and continue raising capital for strategic investments and acquisitions.