TEN Holdings, Inc.

TEN Holdings, Inc. is a holding company headquartered in Langhorne, Pennsylvania, incorporated on February 12, 2024. It operates through its subsidiary, TEN Events, Inc., which was incorporated in Pennsylvania in May 2011. TEN Events provides event planning, production, and broadcasting services for virtual, hybrid, self-service, and physical events. The company's services for virtual, hybrid, and self-service events include planning, production, broadcasting, and continuing education, all supported by its proprietary Xyvid Pro platform and TEN Pro platform. Physical events, added to revenue streams following a corporate restructuring completed in fiscal year 2023, primarily involve live streaming and video recording. As of the date of this Annual Report, TEN Holdings primarily generates revenue from virtual and hybrid events delivered to corporate customers. For the year ended December 31, 2025, total revenue was approximately $3.1 million, with a net loss of approximately $19.5 million. This compares to total revenue of approximately $3.5 million and a net loss of approximately $3.0 million for the year ended December 31, 2024. The decrease in revenue and net income in 2025 was mainly due to an event series with its biggest customer that occurred in the three months ended March 31, 2024, but did not repeat in the three months ended March 31, 2025. In 2025, revenue from virtual and hybrid events was approximately $2.7 million, accounting for approximately 88.2% of total revenue. Revenue from physical events was approximately $0.4 million, accounting for approximately 11.8% of total revenue. In 2024, revenue from virtual and hybrid events was approximately $3.2 million, representing approximately 91.9% of total revenue, while physical events generated approximately $0.3 million, accounting for approximately 8.1% of total revenue.