Filing Flows › TEN Holdings (XHLD) › Q2 2025
TEN Holdings (XHLD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
TEN Holdings (XHLD) reported revenue of $1.1M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +51% from the quarter before. Operating margin was -121.9%, net loss $2.8M (249.5% of revenue).
TEN Holdings, Q2 2025: revenue $1.1M (+9% year over year), operating margin -121.9%, net loss $2.8M, operating cash flow −$792K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | +51% | +9% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | −$792K | — | — |
What changed
Revenue was $1.1M in Q2 2025, up 9% year over year and up 51% from the previous quarter. Delivered events - Virtual and Hybrid was the largest line at 77% of revenue. Delivered events - Physical added $129K year over year (up 98%), 139% of the total change. Delivered events - Virtual and Hybrid declined 4%.
Gross margin was 84.3%, down 1.9 points from a year earlier. Operating costs exceeded revenue by $1.4M, an operating margin of -121.9%. Operating expenses grew 83% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+1038%). The quarter ended with a net loss of $2.8M, narrower than the previous quarter's $4.8M loss. Net interest and other expense of $1.4M was the main reason.
Operating cash flow was −$792K. Non-cash charges added back $282K of depreciation and amortization and $3K of share-based compensation. Working capital and other items added $1.7M.
Questions
What was TEN Holdings' revenue in the second quarter 2025?
TEN Holdings (XHLD) reported revenue of $1.1M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +51% from the quarter before.
Was TEN Holdings profitable in the second quarter 2025?
Operating loss was $1.4M (-121.9% of revenue) and net loss $2.8M.
Source: TEN Holdings 10-Q on SEC EDGAR.