TEN Holdings Reports First Quarter 2026 Financial Results

Published: Friday, May 15, 2026 at 8:35 pm

TEN Holdings Reports Q1 2026 Financial Results

TEN Holdings, Inc., through its subsidiary Ten Events, Inc., has announced its financial results for the first quarter of 2026. The company, which provides event planning, production, and broadcasting services, reported a 15.4% increase in total revenue, reaching $853,000. This growth was primarily driven by a significant increase in revenue contribution from one of its major customers.

Breaking down the revenue, virtual and hybrid events saw an 11% increase, while physical events experienced a substantial 139% rise. The cost of revenue also increased by 65.1%, reaching $307,000, due to a major customer event that occurred in the first quarter of 2026. This led to a decline in the gross profit margin, which fell to 64.0% from 74.8%.

Despite the increased costs, the company managed to reduce its selling, general, and administrative expenses by 34.6%, resulting in a net loss of $3.0 million, or $(0.76) per share. This represents a 37.6% improvement compared to the net loss in the same period last year. Interest expenses increased slightly, while the weighted average number of common shares outstanding nearly doubled.

On the balance sheet, the company's total cash decreased to approximately $79,000. However, net cash used in operating activities decreased significantly, primarily due to IPO expenses in the prior year. Net cash from investing activities was zero, and net cash used for financing activities was $450,000.

Looking ahead, TEN Holdings plans to focus on several key initiatives. These include strengthening customer relationships, expanding its software-as-a-service platform, maximizing its partnership with Webinar.net, and raising capital for future investments and acquisitions. The company aims to leverage these strategies to drive growth, increase market penetration, and improve operational efficiency.

BNN's Perspective: While the revenue growth and reduction in net loss are positive signs, the decrease in cash reserves and the decline in gross profit margin warrant close monitoring. The company's success will depend on its ability to execute its strategic plans and manage its costs effectively.

Keywords: TEN Holdings, Ten Events, financial results, revenue growth, net loss, virtual events, hybrid events, physical events, Webinar.net, Q1 2026, event planning, event production, broadcasting services, financial performance, financial results, company outlook, strategic partnerships, market expansion, customer relationships

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