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TEN Holdings (XHLD) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · TEN Holdings (XHLD) Q3 2026 earnings results →

Q3 2026 Revenue up 18% year over year to $640K · 583¢ of every $1 of revenue lost · operating margin -585.0%

TEN Holdings made $640K in Q3 2026 (+18% Y/Y): Platform Usage $428K, Professional & Managed Services $212K. Operating margin -585.0%, net loss $3.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$640K
Year over year+18%
Operating margin-585.0%
Net earnings−$3.7M
Operating cash flow−$2.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $640K in Q3 2026, up 18% year over year and down 12% from the previous quarter. Platform Usage was the largest line at 67% of revenue. Professional & Managed Services added $160K year over year (up 308%), 165% of the total change. Platform Usage declined 13%.

Gross margin was 59.2%, down 15.4 points from Q3 2025. Operating costs exceeded revenue by $3.7M, an operating margin of -585.0%. Operating expenses grew 77% against revenue growth of 18%. The quarter ended with a net loss of $3.7M, wider than the previous quarter's $3.0M loss.

Operating cash flow was −$2.7M. Non-cash charges added back $10K of depreciation and amortization. Working capital and other items added $1.0M.

Quarterly history

TEN Holdings revenue by quarterTEN Holdings revenue by quarter$739KQ1 2025$1.1MQ2 2025$543KQ3 2025$706KQ4 2025$853KQ1 2026$731KQ2 2026$640KQ3 2026
TEN Holdings net earnings by quarterTEN Holdings net earnings by quarter−$4.8MQ1 2025−$2.8MQ2 2025−$2.0MQ3 2025−$9.9MQ4 2025−$2.9MQ1 2026−$3.0MQ2 2026−$3.7MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$640K+18%-585.0%−$3.7M−$2.7M
Q2 202610-QAug 10, 2026$731K-34%-409.4%−$3.0M−$1.6M
Q1 202610-QMay 15, 2026$853K+15%-333.3%−$2.9M−$1.1M
Q4 202510-KMar 18, 2026$706K-4%-761.8%−$9.9M−$1.0M
Q3 202510-QNov 10, 2025$543K+2%-354.9%−$2.0M−$1.5M
Q2 202510-QAug 14, 2025$1.1M+9%-121.9%−$2.8M−$792K
Q1 202510-QMay 20, 2025$739K-34%-644.4%−$4.8M−$6.8M

Charts

TEN Holdings: revenue growth, year over year and quarter over quarterTEN Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-34%Q1 2025+9%+51%Q2 2025+2%-51%Q3 2025-4%+30%Q4 2025+15%+21%Q1 2026-34%-14%Q2 2026+18%-12%Q3 2026
Latest (Q3 2026): Y/Y +18%, Q/Q -12%.
TEN Holdings: where the cash came from (+) and went (−), TTM to Q3 2026TEN Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Shares issued$9.7MOperating cash flow−$6.5MCash drawn (+) / kept (−)−$3.3MOther financing$505KNet borrowing (+) / repaid (−)−$451KNot reconciled−$22K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
TEN Holdings: profit against cash, quarter by quarterTEN Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.2M−$722KQ4 2024−$4.8M−$6.8MQ1 2025−$2.8M−$792KQ2 2025−$2.0M−$1.5MQ3 2025−$9.9M−$1.0MQ4 2025−$2.9M−$1.1MQ1 2026−$3.0M−$1.6MQ2 2026−$3.7M−$2.7MQ3 2026
Latest (Q3 2026): Net income −$3.7M, Operating cash flow −$2.7M.
TEN Holdings: diluted shares by fiscal yearTEN Holdings: diluted shares by fiscal year25MFY20232MFY20242MFY2025
-90.9% since FY2023: buybacks shrank the count.
TEN Holdings in its industry: growth against margin (87 companies, SIC 7389)TEN Holdings in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLFISVDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURRBAMMSTNETAKAMCARTWUCSGPADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPAYOPRTHCTEVXMTRFLYWGETYANDGNUTXACVAXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBFTFTDBMMCNFNSRCOGBUXWASTBCRDXHLD (+18%, -100%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About TEN Holdings

TEN Holdings, Inc. (the “Company,” “TEN Holdings,” “we,” “us,” or “our”), headquartered in Langhorne, Pennsylvania, was incorporated on February 12, 2024 in Pennsylvania to act as the holding company of TEN Events, Inc. (“TEN Events”), which was incorporated in Pennsylvania in May of 2011 and is an operating entity. TEN Events is a provider of event planning, production, and broadcasting services. TEN Events produces virtual, hybrid, self-service, and physical events. Virtual, hybrid, and self-service events could involve virtual and hybrid event planning, production and broadcasting services, and continuing education services, all of which are supported by our proprietary Xyvid Pro platform and TEN Pro platform.

In its own words, from its 10-K, filed Mar 18, 2026.

TEN Holdings against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +13%. Operating margin: -585.0% against the peers' median 9.8%.

CompanyQuarterRevenueY/YOp. margin
XHLD TEN HoldingsQ3 2026$640K+18%-585.0%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
FISV FiservQ3 2026$5.2B-1%-105.7%
DASH DoorDashQ3 2026$4.6B+34%9.6%

Source: TEN Holdings 10-Q on SEC EDGAR · CIK 2030954 · Services-Business Services, NEC

Guidance and outlook

TEN Holdings: what its forward-looking statements are about (10-Q filed 2026-11-06)TEN Holdings: what its forward-looking statements are about (10-Q filed 2026-11-06)Financing3Products2Costs1Other1Demand1
8 statements; tone +0.00 (−1 all cautious, +1 all confident); 3 hedged.
TEN Holdings: outlook statements against the filing beforeTEN Holdings: outlook statements against the filing beforeConfident2Cautious2

13F: who owns XHLD and who is buying

Largest holders of XHLD (13F)Largest holders of XHLD (13F)UBS Group AG$49KGeode Capital Management, LLC$34KXTX Topco$31KJane Street Group, LLC$27KTower Research Capital LLC$7KBarclays$303Deutsche Bank Ag\$65
Funds' net buying of XHLD by quarter (13F)Funds' net buying of XHLD by quarter (13F)$14K2025-12$58K2026-03$5K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on XHLD

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:TEN Holdings(XHLD)财报

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