TEN Holdings, Inc. income statement
In fiscal 2025, TEN Holdings, Inc. reported revenue of $3.1m, down 9.4% on the year before, operating income of −$13.4m (a -432.5% margin) and net income of −$19.5m, or −$8.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 4 | 3 | 3 | 3 |
| Cost of revenue | 1 | 1 | 1 | 1 |
| Gross profit | 3 | 3 | 2 | 2 |
| General and administrative | 5 | 5 | 15 | — |
| Operating income | −2 | −3 | −13 | −13 |
| Interest expense | 0 | 0 | 0 | 0 |
| Income before tax | −2 | −3 | −20 | −18 |
| Income tax | 0 | — | — | — |
| Net income | −2 | −3 | −20 | −18 |
| Diluted EPS | −$1.05 | −$1.78 | −$8.58 | — |
| Diluted shares (average) | 2m | 2m | 2m | — |
| EBITDA | −2 | −3 | −13 | −13 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 535 | 739 | 739 | 1,116 | 543 | 706 | 853 | 731 |
| Cost of revenue | 109 | 118 | 186 | 175 | 138 | 164 | 307 | 104 |
| Gross profit | 426 | 700 | 553 | 941 | 405 | 542 | 546 | 627 |
| Selling, general and administrative | — | — | — | 2,153 | — | — | — | 3,609 |
| General and administrative | 1,311 | 1,531 | 5,166 | — | 2,185 | 5,772 | 3,378 | — |
| Operating income | −899 | −1,080 | −4,762 | −1,360 | −1,927 | −5,378 | −2,843 | −2,993 |
| Interest expense | 62 | 82 | 69 | 80 | 59 | 34 | 61 | 28 |
| Income before tax | −984 | −1,158 | −4,836 | −2,784 | −1,987 | −9,902 | −2,903 | −2,985 |
| Income tax | −9 | — | — | — | — | — | — | — |
| Net income | −975 | −1,167 | −4,836 | −2,784 | −1,987 | −9,902 | −2,903 | −2,985 |
| Diluted EPS | −$0.60 | −$1.71 | −$2.68 | −$1.95 | −$1.50 | −$8.27 | −$0.73 | −$0.70 |
| EBITDA | −885 | −930 | −4,613 | −1,212 | −1,780 | −5,231 | −2,832 | −2,982 |
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