TEN Holdings Inc (XHLD) is a virtual and hybrid event services company that plans, produces, and broadcasts corporate events through its proprietary Xyvid Pro and TEN Pro platforms. Revenue comes from project-based service fees priced on event duration, complexity, timing, expected attendee count, and customization requirements. Virtual and hybrid events generated approximately $2.7 million, or 88.2% of total revenue, in FY2025, while physical events contributed approximately $0.4 million, or 11.8% of total revenue, in FY2025. Total revenue was approximately $3.1 million in FY2025, down from approximately $3.5 million in FY2024, per the 10-K filed 2026-03-18. The company reported a net loss of approximately $19.5 million in FY2025. TEN Holdings assigns a dedicated team to each customer and offers services ranging from training support to full event management, including live streaming, video recording, video editing, and a custom on-demand video library. The Xyvid Pro platform incorporates AI-powered multi-language captioning and transcription.

Revenue model

Project-based service fees for virtual, hybrid, self-service, and physical events. Fees are set per engagement based on event duration, complexity, timing, attendee count, and customization. No recurring subscription model is described in the filing.

Products and services

Xyvid Pro platform and TEN Pro platform supporting virtual and hybrid event planning, production, and broadcasting. Physical event services include live streaming, on-site video recording, video editing and production, and a custom on-demand video library. Continuing education services are also offered. AI-powered multi-language captioning and transcription are integrated into Xyvid Pro.

Customers and end markets

Corporate customers requiring event production and broadcasting support. The company has a master service agreement with its largest customer dating to August 7, 2018. Customers span organizations needing virtual, hybrid, and physical event management. No customer concentration percentages beyond the largest customer relationship are disclosed in the filing excerpts.

Value-chain role

Managed service provider and technology platform operator sitting between corporate event organizers and their audiences. The company provides both platform access and hands-on production staffing, positioning it as an outsourced event production partner rather than a self-service software vendor.

Geographic exposure

No specific geographic revenue breakdown is disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-03-18

Industry: Services-Business Services, NEC