---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-011256"
form_type: "8-K"
ticker: "XHLD"
cik: "0002030954"
company_name: "TEN Holdings, Inc."
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:58:37.207777+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TEN Holdings FY2025 revenue falls 11.4% to $3.1M; net loss widens to $19.5M from $2.97M

## Summary
- Net loss of $19.5M ($8.58 per share) vs $2.97M ($1.78) in FY2024; SG&A surged 183% to $15.3M, including $10M non-cash charges.
- Revenue $3.1M, down 11.4% YoY; virtual/hybrid events fell $0.5M due to loss of a large customer event series.
- Gross margin contracted to 78.6% from 81.4%; cash improved to $1.63M from $48k via $18.2M financing proceeds.
- Operating cash outflow increased to $10.3M from $2.5M, driven by public company costs and higher net loss.
- New customers doubled to 16; partnerships with Webinar.net (expected $1.2-1.7M annual savings) and V-Cube to drive growth.

## SEC filing metadata
- accession: 0001493152-26-011256
- form_type: 8-K
- ticker: XHLD
- cik: 0002030954
- company_name: TEN Holdings, Inc.
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2030954/000149315226011256/0001493152-26-011256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030954/000149315226011256/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-011256
- JSON: https://secwatch.observer/filing/0001493152-26-011256.json
- Plain text: https://secwatch.observer/filing/0001493152-26-011256.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.