--- title: "TEN | 10-Q: FY2026 Q1 Revenue: USD 853 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286608421.md" datetime: "2026-05-15T20:15:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286608421.md) - [en](https://longbridge.com/en/news/286608421.md) - [zh-HK](https://longbridge.com/zh-HK/news/286608421.md) --- # TEN | 10-Q: FY2026 Q1 Revenue: USD 853 K Revenue: As of FY2026 Q1, the actual value is USD 853 K. EPS: As of FY2026 Q1, the actual value is USD -0.73. EBIT: As of FY2026 Q1, the actual value is USD -2.842 M. #### Segment Revenue TEN Holdings, Inc. operates as a single operating segment but disaggregates revenue by event type. For the three months ended March 31, 2026, total revenue increased by $0.1 million, or 15.4%, to $0.9 million, compared to $0.7 million for the same period in 2025. This increase was primarily driven by a major customer increasing their revenue quarter-over-quarter by 100%. **Delivered events - Virtual and Hybrid:** Revenue was $791 thousand in Q1 2026, up from $713 thousand in Q1 2025, representing a 10.9% increase. These events accounted for approximately 92.7% of total revenue in Q1 2026 and 96.4% in Q1 2025. **Delivered events - Physical:** Revenue was $62 thousand in Q1 2026, up from $26 thousand in Q1 2025, representing a 138.5% increase. These events accounted for approximately 7.3% of total revenue in Q1 2026 and 3.6% in Q1 2025. #### Operational Metrics - **Net Loss:** The net loss for the three months ended March 31, 2026, was - $2.9 million, an improvement from a net loss of - $4.8 million for the same period in 2025. - **Cost of Revenue:** Cost of revenue increased by $0.1 million, or 65.1%, to $0.3 million in Q1 2026, from $0.1 million in Q1 2025, mainly due to a major event that occurred in the current quarter. - **Gross Profit:** Gross profit was $546 thousand in Q1 2026, a decrease of - $7 thousand or -1.3% from $553 thousand in Q1 2025. - **Operating Expenses:** Total operating expenses decreased by - $1,926 thousand, or -36.2%, to $3,389 thousand in Q1 2026, from $5,315 thousand in Q1 2025. - **Selling, General and Administrative Expenses (SG&A):** SG&A expenses decreased by - $1,778 thousand, or -34.6%, to $3,378 thousand in Q1 2026, compared to $5,166 thousand in Q1 2025, due to lower headcount costs and reduced stock-based compensation expenses. - **Depreciation Expenses:** Depreciation expenses decreased by - $138 thousand, or -92.6%, to $11 thousand in Q1 2026, from $149 thousand in Q1 2025, primarily due to a significant impairment expense recognized in late 2025. - **Loss from Operations:** Loss from operations was - $2,843 thousand in Q1 2026, an improvement from - $4,762 thousand in Q1 2025. - **Other Income (Expenses), net:** Other income (expenses), net, increased by $6 thousand, or -120.0%, resulting in $1 thousand of income in Q1 2026, compared to - $5 thousand of expenses in Q1 2025, primarily due to interest income. - **Interest Expenses:** Interest expenses decreased by $8 thousand, or -11.6%, to - $61 thousand in Q1 2026, compared to - $69 thousand in Q1 2025. #### Cash Flow - **Net Cash Used in Operating Activities:** Net cash used in operating activities decreased to - $1.1 million for the three months ended March 31, 2026, from - $6.8 million for the same period in 2025, primarily due to a lower net loss. - **Net Cash Used in Investing Activities:** Net cash used in investing activities was nil in Q1 2026, down from - $0.3 million in Q1 2025, mainly due to reduced expenditures for capitalized software. - **Net Cash Provided by Financing Activities:** Net cash provided by financing activities shifted to a net outflow of - $0.5 million in Q1 2026, compared to a net inflow of $7.3 million in Q1 2025, driven by $8.9 million in proceeds from share issuance in the prior year not recurring. #### Future Outlook and Strategy TEN Holdings, Inc. faces substantial doubt about its ability to continue as a going concern due to recurring losses, negative operating cash flows, and short-term debt obligations. Management plans to address these conditions by pursuing additional revenue-generating customer contracts, implementing cost control measures, and obtaining financial support from related parties. V-Cube, Inc. has committed to provide $5.4 million in financial support during 2026, payable in installments, and the company is evaluating additional debt or equity financing alternatives. ### Related Stocks - [XHLD.US](https://longbridge.com/en/quote/XHLD.US.md) ## Related News & Research - [TEN Holdings Reports First Quarter 2026 Financial Results | XHLD Stock News](https://longbridge.com/en/news/286611640.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Royce Small-Cap Trust (NYSE: RVT) as of Apr 30, 2026 | RVT Stock News](https://longbridge.com/en/news/287103750.md)