TEN Holdings, Inc. (XHLD) Balance Sheet
XHLD balance sheet, 2025
December 31, 2025 · U.S. dollars$12.0M assets = $7.7M liabilities + $4.3M equity
Both columns are drawn to the same scale: what XHLD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
XHLD financial health
Descriptive bands, not a rating. Fiscal 2025.
XHLD balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.2M2022 | $12.0M2025 | +41.6%/yr | |
| Total liabilities | $1.5M2022 | $7.7M2025 | +73.2%/yr | |
| Shareholders’ equity | $2.7M2022 | $4.3M2025 | +16.0%/yr | |
| Cash & short-term investments | $7,0002022 | $1.6M2025 | +515.3%/yr | |
| Total debt | $693,0002022 | $5.1M2025 | +94.2%/yr | |
| Net cash (debt) | −$686,0002022 | −$3.4M2025 | −$2.8M | |
| Working capital | $471,0002022 | $3.2M2025 | +$2.7M | |
| Current ratio | 1.562022 | 1.432025 | −0.12 | |
| Debt / equity | 0.252022 | 1.192025 | +0.93 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
XHLD assets
XHLD liabilities and equity
XHLD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
XHLD balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $1.6M | $48,000 | $357,000 | $7,000 |
| Cash & equivalents | $1.6M | $48,000 | $357,000 | $7,000 |
| Receivables | $635,000 | $515,000 | $450,000 | $1.2M |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $8.2M | $1.2M | $103,000 | $92,000 |
| Total current assets | $10.4M | $1.8M | $910,000 | $1.3M |
| Property, plant & equipment (net) | $627,000 | $749,000 | $835,000 | $930,000 |
| Goodwill & intangible assets | $0 | $3.9M | $3.0M | $2.0M |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $914,000 | $0 | $0 | $0 |
| Total assets | $12.0M | $6.4M | $4.8M | $4.2M |
| Liabilities | ||||
| Accounts payable | $284,000 | $634,000 | $644,000 | $413,000 |
| Short-term debt | $4.7M | $5.7M | $1.8M | $56,000 |
| Deferred revenue | $430,000 | $147,000 | $275,000 | $54,000 |
| Total current liabilities | $7.3M | $7.5M | $3.1M | $842,000 |
| Long-term debt | $0 | $0 | $0 | $0 |
| Lease obligations | $502,000 | $573,000 | $636,000 | $693,000 |
| Other long-term liabilities | $422,000 | $502,000 | $573,000 | $637,000 |
| Total liabilities | $7.7M | $8.0M | $3.7M | $1.5M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | — | $5,000 | $5,000 | $5,000 |
| Retained earnings (deficit) | −$21.4M | −$1.9M | $1.0M | $2.7M |
| Total shareholders' equity | $4.3M | −$1.6M | $1.1M | $2.7M |
| Key figures | ||||
| Total debt | $5.1M | $6.2M | $2.3M | $693,000 |
| Net cash (debt) | −$3.4M | −$6.1M | −$2.0M | −$686,000 |
| Working capital | $3.2M | −$5.7M | −$2.2M | $471,000 |
| Tangible book value | $4.3M | −$5.5M | −$2.0M | $764,000 |
| Current ratio | 1.43 | 0.24 | 0.29 | 1.56 |
| Quick ratio | 0.31 | 0.07 | 0.26 | 1.45 |
| Debt / equity | 1.19 | — | 2.21 | 0.25 |
| Equity / assets | 35.8% | −24.9% | 22.0% | 64.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $5.8M | $79,000 | $1.6M | $310,000 | $739,000 | $247,000 | $48,000 | $257,000 | $136,000 | $136,000 | $357,000 |
| Cash & equivalents | $5.8M | $79,000 | $1.6M | $310,000 | $739,000 | $247,000 | $48,000 | $257,000 | $136,000 | $136,000 | $357,000 |
| Receivables | $1.2M | $4.9M | $635,000 | $538,000 | $233,000 | $317,000 | $515,000 | $392,000 | $392,000 | $387,000 | $450,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.2M | $2.4M | $8.2M | $2.3M | $2.4M | $2.3M | $1.2M | $843,000 | $233,000 | $238,000 | $103,000 |
| Total current assets | $9.2M | $7.4M | $10.4M | $3.2M | $3.3M | $2.9M | $1.8M | $1.5M | $761,000 | $761,000 | $910,000 |
| Property, plant & equipment (net) | $234,000 | $597,000 | $627,000 | $658,000 | $687,000 | $718,000 | $749,000 | $779,000 | $803,000 | $803,000 | $835,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $4.3M | $4.1M | $4.0M | $3.9M | $3.8M | $3.5M | $3.5M | $3.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $914,000 | $2.6M | $2.9M | $3.2M | $0 | $0 | $0 | $0 | $0 |
| Total assets | $9.5M | $8.0M | $12.0M | $10.7M | $11.1M | $10.8M | $6.4M | $6.1M | $5.1M | $5.1M | $4.8M |
| Liabilities | |||||||||||
| Accounts payable | $698,000 | $444,000 | $284,000 | $505,000 | $425,000 | $308,000 | $634,000 | $593,000 | $566,000 | $566,000 | $644,000 |
| Short-term debt | $525,000 | $3.1M | $4.7M | $4.7M | $3.7M | $4.1M | $5.7M | $5.0M | $3.1M | $3.1M | $1.8M |
| Deferred revenue | $153,000 | $259,000 | $430,000 | $256,000 | $97,000 | $270,000 | $147,000 | $169,000 | $173,000 | — | $275,000 |
| Total current liabilities | $3.1M | $5.9M | $7.3M | $6.5M | $5.3M | $5.4M | $7.5M | $6.3M | $4.3M | $4.3M | $3.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $95,000 | $482,000 | $502,000 | $520,000 | $539,000 | $556,000 | $573,000 | $589,000 | $605,000 | — | $636,000 |
| Other long-term liabilities | $0 | $399,999 | $422,000 | $442,000 | $463,000 | $482,000 | $502,000 | $520,000 | $538,000 | $538,000 | $573,000 |
| Total liabilities | $3.1M | $6.3M | $7.7M | $7.0M | $5.7M | $5.9M | $8.0M | $6.8M | $4.9M | $4.9M | $3.7M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $1,000 | — | — | $7,000 | $6,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Retained earnings (deficit) | −$27.3M | −$24.3M | −$21.4M | −$11.5M | −$9.5M | −$6.8M | −$1.9M | −$753,000 | $220,000 | $220,000 | $1.0M |
| Total shareholders' equity | $6.4M | $1.7M | $4.3M | $3.8M | $5.3M | $4.9M | −$1.6M | −$748,000 | $225,000 | $225,000 | $1.1M |
| Key figures | |||||||||||
| Total debt | $525,000 | $3.5M | $5.1M | $5.1M | $4.2M | $4.6M | $6.2M | $5.6M | $3.6M | $3.6M | $2.3M |
| Net cash (debt) | $5.3M | −$3.4M | −$3.4M | −$4.8M | −$3.5M | −$4.3M | −$6.1M | −$5.3M | −$3.5M | −$3.5M | −$2.0M |
| Working capital | $6.2M | $1.5M | $3.2M | −$3.4M | −$1.9M | −$2.5M | −$5.7M | −$4.8M | −$3.6M | −$3.6M | −$2.2M |
| Tangible book value | $6.4M | $1.7M | $4.3M | −$523,000 | $1.2M | $893,000 | −$5.5M | −$4.6M | −$3.3M | −$3.3M | −$2.0M |
| Book value per share | $1.50 | $0.42 | $1.37 | — | — | — | — | — | — | — | — |
| Shares outstanding | 4.3M | 4.0M | 3.1M | — | — | — | — | — | — | — | — |
| Current ratio | 3.01 | 1.25 | 1.43 | 0.48 | 0.63 | 0.54 | 0.24 | 0.24 | 0.18 | 0.18 | 0.29 |
| Quick ratio | 2.31 | 0.84 | 0.31 | 0.13 | 0.19 | 0.10 | 0.07 | 0.10 | 0.12 | 0.12 | 0.26 |
| Debt / equity | 0.08 | 2.11 | 1.19 | 1.35 | 0.79 | 0.93 | — | — | 16.10 | 16.10 | 2.21 |
| Equity / assets | 67.6% | 20.8% | 35.8% | 35.2% | 48.3% | 45.6% | −24.9% | −12.3% | 4.4% | 4.4% | 22.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 18, 2026); data from EODHD.
XHLD financial position
At the end of fiscal 2025 (December 31, 2025), TEN had total assets of $12.0 million (up 86.3% from a year earlier), total liabilities of $7.7 million and shareholders' equity of $4.3 million. It held $1.6 million in cash and short-term investments against $5.1 million of debt, net debt of $3.4 million. Its current ratio was 1.43. In the latest quarter (ended June 30, 2026) total assets were $9.5 million and equity $6.4 million.
Related: XHLD income statement, XHLD cash flow statement, XHLD key metrics. See the XHLD stock overview for the latest quote and news.
XHLD balance sheet FAQ
What are TEN's total assets?
TEN reported total assets of $12.0 million at the end of fiscal 2025 (December 31, 2025), compared with $6.4 million a year earlier.
How much debt does TEN have?
TEN had $5.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.19.
How much cash does TEN have?
TEN held $1.6 million in cash and short-term investments at the end of fiscal 2025; with $5.1 million of debt that is net debt of $3.4 million.
What is TEN's book value?
TEN's shareholders' equity (book value) was $4.3 million at the end of fiscal 2025.
What is TEN's current ratio?
TEN had current assets of $10.4 million and current liabilities of $7.3 million, a current ratio of 1.43 (it can cover its short-term obligations).