Filing Flows › TEN Holdings (XHLD) › Q1 2026
TEN Holdings (XHLD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
TEN Holdings (XHLD) reported revenue of $853K for the first quarter 2026 (Q1 2026), +15% from a year earlier and +21% from the quarter before. Operating margin was -333.3%, net loss $2.9M (340.3% of revenue).
TEN Holdings, Q1 2026: revenue $853K (+15% year over year), operating margin -333.3%, net loss $2.9M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $853K | +21% | +15% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $853K in Q1 2026, up 15% year over year and up 21% from the previous quarter. Delivered Events Virtual and Hybrid was the largest line at 93% of revenue. Delivered Events Virtual and Hybrid added $78K year over year (up 11%), 68% of the total change.
Gross margin was 64.0%, down 10.8 points from Q1 2025. Operating costs exceeded revenue by $2.8M, an operating margin of -333.3%. Operating expenses fell 36% while revenue rose 15%. The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $9.9M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $11K of depreciation and $286K of share-based compensation. Working capital and other items added $1.5M.
Questions
What was TEN Holdings' revenue in the first quarter 2026?
TEN Holdings (XHLD) reported revenue of $853K for the first quarter 2026 (Q1 2026), +15% from a year earlier and +21% from the quarter before.
Was TEN Holdings profitable in the first quarter 2026?
Operating loss was $2.8M (-333.3% of revenue) and net loss $2.9M.
Source: TEN Holdings 10-Q on SEC EDGAR.