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TEN Holdings Inc

tenholdingsinc.com

What Do They Do?

Produces virtual and hybrid event planning, production and broadcasting services for corporate customers, along with continuing education and live-streaming and video production for physical events.

How Do They Make Money?

Customers pay service fees for virtual, hybrid and physical events. Revenue is counted at a point in time, and typical payment terms are 30 to 90 days from the invoice date.

revenue
SegmentShareRevenue
Delivered Events Virtual And Hybrid
Sold outright

88%
Delivered Events Physical
Sold outright

12%

Who Are Their Customers?

Companies, healthcare and education organizations, and nonprofits or associations engage TEN through service agreements with event-specific orders, prepaid event bundles, or one-event-at-a-time arrangements.

Customers above 10% of revenue, FY2025
of revenue from one customer
FY2024: 65% from one customer

Do Revenues Turn Into Profits?

No. It lost $19.5M in FY2025.

Operating income, FY2025
−433% of revenue
▲ +392% (Loss) vs FY2024 (−$2.7M, −80%)
Net income, FY2025
−629% of revenue
▲ +557% (Loss) vs FY2024 (−$3M, −87%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −34%
vs $1.1M in Q2 FY2025
Net income
▲ +7% (Loss)
vs −$2.8M in Q2 FY2025
Revenue over time
Delivered Events Virtual And Hybrid Delivered Events Physical
$5M$2.5M$0

Who Do They Compete With?

Competes with Zoom, ON24, GlobalMeet, Cvent, Bizzabo, and Meeting Tomorrow

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