Filing Flows › TEN Holdings (XHLD) › Q3 2025
TEN Holdings (XHLD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
TEN Holdings (XHLD) reported revenue of $543K for the third quarter 2025 (Q3 2025), +1% from a year earlier and -51% from the quarter before. Operating margin was -354.9%, net loss $2.0M (365.9% of revenue).
TEN Holdings, Q3 2025: revenue $543K (+2% year over year), operating margin -354.9%, net loss $2.0M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $543K | -51% | +1% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $543K in Q3 2025, up 1% year over year and down 51% from the previous quarter. Delivered events - Virtual and Hybrid was the largest line at 90% of revenue. Delivered events - Physical added $7K year over year (up 16%), 88% of the total change.
Gross margin was 74.6%, down 5.0 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -354.9%. Operating expenses grew 76% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+950%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.8M loss.
Operating cash flow was −$1.5M. Non-cash charges added back $285K of depreciation and amortization and $2K of share-based compensation. Working capital and other items added $242K.
Questions
What was TEN Holdings' revenue in the third quarter 2025?
TEN Holdings (XHLD) reported revenue of $543K for the third quarter 2025 (Q3 2025), +1% from a year earlier and -51% from the quarter before.
Was TEN Holdings profitable in the third quarter 2025?
Operating loss was $1.9M (-354.9% of revenue) and net loss $2.0M.
Source: TEN Holdings 10-Q on SEC EDGAR.