Filing Flows › TEN Holdings (XHLD) › Q1 2025
TEN Holdings (XHLD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
TEN Holdings (XHLD) reported revenue of $739K for the first quarter 2025 (Q1 2025), -34% from a year earlier and 0% from the quarter before. Operating margin was -644.4%, net loss $4.8M (654.4% of revenue).
TEN Holdings, Q1 2025: revenue $739K (-34% year over year), operating margin -644.4%, net loss $4.8M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $739K | 0% | -34% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$6.8M | — | — |
What changed
Revenue was $739K in Q1 2025, down 34% year over year and roughly flat from the previous quarter. Delivered events - Virtual and Hybrid was the largest line at 96% of revenue. Delivered events - Virtual and Hybrid lost $368K year over year (down 34%), 95% of the total change.
Gross margin was 74.8%, down 0.1 points from a year earlier. Operating costs exceeded revenue by $4.8M, an operating margin of -644.4%. Operating expenses grew 336% against a revenue fall of 34%. The fastest-growing cost line was Other operating costs (+1046%). The quarter ended with a net loss of $4.8M, wider than the previous quarter's $1.2M loss.
Operating cash flow was −$6.8M. Non-cash charges added back $285K of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $5.7M.
Questions
What was TEN Holdings' revenue in the first quarter 2025?
TEN Holdings (XHLD) reported revenue of $739K for the first quarter 2025 (Q1 2025), -34% from a year earlier and 0% from the quarter before.
Was TEN Holdings profitable in the first quarter 2025?
Operating loss was $4.8M (-644.4% of revenue) and net loss $4.8M.
Source: TEN Holdings 10-Q on SEC EDGAR.