TEN Holdings, Inc., a provider of event planning, production, and broadcasting services, reported a total revenue of approximately $3.1 million for the fiscal year ended December 31, 2025, a decrease of 11.4% from $3.5 million in 2024. The company experienced a significant net loss of approximately $19.5 million, compared to a net loss of $3.0 million in the previous year. The decline in revenue was primarily attributed to the absence of a recurring event series with its largest customer, which had taken place in the first quarter of 2024 but did not occur in 2025. Revenue from virtual and hybrid events accounted for approximately 88.2% of total revenue, while physical events contributed 11.8%.
In terms of operational metrics, TEN Holdings supported approximately 248 events that attracted around 525,812 attendees during the fiscal year. The company has also seen a slight increase in revenue from physical events, which rose to $0.4 million from $0.3 million in the previous year. However, the overall financial performance was impacted by a substantial increase in selling, general, and administrative expenses, which surged by 183.4% to approximately $15.3 million, largely due to costs associated with its transition to a public company and non-cash expenses related to stock-based compensation.
Strategically, TEN Holdings has made significant advancements, including the launch of its new webcasting platform, TEN Pro, which offers enhanced features such as AI-based live captioning and translation. This platform is expected to position the company for growth in the software-as-a-service market. The company is also focusing on diversifying its service offerings and enhancing technology through partnerships and research and development initiatives. As of December 31, 2025, TEN Holdings had a headcount of 25 full-time employees and plans to expand its sales and marketing efforts to attract new customers.
Looking ahead, TEN Holdings acknowledges the challenges it faces, including the need to generate positive operating cash flows and secure additional financing to support its operations. The company has access to $18 million in liquidity through an equity line of credit and aims to continue funding its operations through customer contracts and potential equity investments. However, the ability to maintain operations and achieve profitability remains uncertain, as the company must navigate market conditions and competition in the webcasting industry.
About TEN Holdings, Inc.
TEN Holdings, Inc. provides virtual, hybrid, and physical event planning, production, and broadcasting services, primarily serving corporate clients across industries. Its proprietary Xyvid Pro Platform enables scalable, interactive, multi-device webcasting and event management. The company focuses on innovative technology, customer support, and expanding service offerings to deliver engaging, global events, competing in a high-barrier, rapidly evolving webcasting industry.
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