TEN Holdings, Inc. (XHLD) Income Statement
XHLD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXHLD revenue and net income
Where XHLD's revenue goes
2025Each bar shows an amount and its share of revenue. XHLD kept −628.5% of revenue as net income.
XHLD profit margins
XHLD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −11.4% | −13.6% | — | — |
| Gross profit | −14.4% | −15.7% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XHLD quarterly EPS vs estimates
TEN beat the analyst EPS estimate in 0 of the last 3 quarters. Next report: November 9, 2026.
XHLD income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $3.1M | $3.5M | $3.7M | $4.8M |
| Cost of revenue | $663,000 | $652,000 | $555,000 | $736,000 |
| Gross profit | $2.4M | $2.9M | $3.2M | $4.1M |
| Research & development | $1.0M | — | — | — |
| Sales, general & admin | $14.4M | $5.4M | $4.7M | $4.1M |
| Total operating expenses | $15.9M | $5.6M | $4.8M | $4.2M |
| Operating income | −$13.4M | −$2.7M | −$1.6M | −$103,000 |
| Interest expense | $284,000 | $210,000 | $52,000 | $0 |
| Income before taxes | −$19.5M | −$3.0M | −$1.7M | −$113,000 |
| Income taxes | — | — | $35,000 | $7.5M |
| Net income | −$19.5M | −$3.0M | −$1.7M | −$7.7M |
| EBITDA | −$18.6M | −$2.6M | −$1.6M | −$68,000 |
| EPS (diluted) | −$4.16 | −$1.20 | −$1.01 | — |
| Gross margin | 78.6% | 81.4% | 85.1% | 84.7% |
| Operating margin | −432.5% | −77.9% | −43.8% | −2.1% |
| Net margin | −628.5% | −84.7% | −45.4% | −159.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $731,000 | $853,000 | $706,000 | $543,000 | $1.1M | $739,000 | $818,000 | $535,000 | $1.1M | $1.1M | $1.2M | $789,000 |
| Cost of revenue | $104,000 | $318,000 | $164,000 | $138,000 | $175,000 | $186,000 | $119,000 | $108,000 | $212,500 | $212,500 | $261,000 | $108,000 |
| Gross profit | $627,000 | $535,000 | $542,000 | $405,000 | $941,000 | $553,000 | $699,000 | $427,000 | $863,000 | $863,000 | $896,000 | $681,000 |
| Research & development | — | — | $1.0M | — | — | — | — | — | $25.5M | $25.5M | — | — |
| Sales, general & admin | $3.6M | $3.4M | $5.6M | $2.2M | $2.2M | $5.2M | $1.6M | $1.3M | $1.2M | $1.2M | $1.2M | $1.1M |
| Total operating expenses | $3.6M | $3.4M | $5.9M | $2.3M | $2.3M | $5.3M | $1.8M | $1.3M | $1.2M | $1.2M | $1.2M | $1.1M |
| Operating income | −$3.0M | −$2.8M | −$5.4M | −$1.9M | −$1.4M | −$4.8M | −$1.1M | −$898,000 | −$374,500 | −$374,500 | −$299,000 | −$415,000 |
| Interest expense | $28,000 | $61,000 | $76,000 | $59,000 | $80,000 | $69,000 | $74,000 | $62,000 | $37,000 | $37,000 | $24,000 | $18,000 |
| Income before taxes | −$3.0M | −$2.9M | −$9.9M | −$2.0M | −$2.8M | −$4.8M | −$1.2M | −$982,000 | −$413,000 | −$413,000 | −$320,000 | −$403,000 |
| Income taxes | — | — | — | — | — | — | $9,000 | −$9,000 | — | — | $1,000 | $1,000 |
| Net income | −$3.0M | −$2.9M | −$9.9M | −$2.0M | −$2.8M | −$4.8M | −$1.2M | −$973,000 | −$413,000 | −$413,000 | −$321,000 | −$404,000 |
| EBITDA | −$2.9M | −$2.8M | −$9.7M | −$1.8M | −$2.6M | −$4.6M | −$936,000 | −$907,000 | −$362,500 | −$362,500 | −$283,000 | −$372,000 |
| EPS (diluted) | −$0.70 | −$0.73 | −$2.49 | −$1.50 | −$0.13 | −$0.04 | −$0.75 | −$0.45 | — | — | — | — |
| Gross margin | 85.8% | 62.7% | 76.8% | 74.6% | 84.3% | 74.8% | 85.5% | 79.8% | 80.2% | 80.2% | 77.4% | 86.3% |
| Operating margin | −409.4% | −333.3% | −761.8% | −354.9% | −121.9% | −644.4% | −132.2% | −167.9% | −34.8% | −34.8% | −25.8% | −52.6% |
| Net margin | −408.3% | −340.3% | −1,402.5% | −365.9% | −249.5% | −654.4% | −142.9% | −181.9% | −38.4% | −38.4% | −27.7% | −51.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XHLD's financial statements (latest annual report filed March 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XHLD financial results
In fiscal year 2025 (ended December 31, 2025), TEN reported revenue of $3.1 million, down 11.4% from the year before. It had a net loss of $19.5 million, a net profit margin of −628.5%. Diluted earnings per share came to −$4.16.
See the XHLD stock overview for the latest quote and news, or the XHLD chart for price history and technical indicators.
XHLD income statement FAQ
What is TEN's annual revenue?
TEN reported total revenue of $3.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 11.4% from $3.5 million the previous year.
Is TEN profitable?
No. TEN reported a net loss of $19.5 million in fiscal 2025, a net profit margin of −628.5%; its operating margin was −432.5%.
What is TEN's gross margin?
TEN's gross margin was 78.6% in fiscal 2025: for every $100 of revenue, TEN kept $79 after the direct cost of its products and services.
How much does TEN spend on research and development?
TEN spent $1.0 million on research and development in fiscal 2025, 32.2% of revenue.
What are TEN's earnings per share?
TEN earned $-4.16 per diluted share in fiscal 2025, compared with $-1.20 a year earlier.
When will TEN report its next earnings?
TEN is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does TEN's fiscal year end?
TEN's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 18, 2026.