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XHLD

TEN Holdings, Inc. Common Stock

XHLD

TEN Holdings, Inc. Common Stock • NASDAQ
$0.14 ▲ 1.06% (+0.00)
Market Cap $4.23 M
52w High $8.54
52w Low $0.14
Dividend Yield 0%
P/E -0.4
Volume 407.09K
Outstanding Shares 29.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $543K ▼ $2.332M ▲ $-1.987M ▲ -365.93% ▼ $-0.1 ▲ $-1.781M ▲
Q2-2025 $1.116M ▲ $2.301M ▼ $-2.784M ▲ -249.462% ▲ $-0.13 ▲ $-2.556M ▲
Q1-2025 $739K ▼ $5.315M ▲ $-4.836M ▼ -654.398% ▼ $-0.18 ▼ $-4.618M ▼
Q4-2024 $818K ▲ $1.78M ▲ $-1.169M ▼ -142.91% ▲ $-0.041 ▼ $-936K ▼
Q3-2024 $535K $1.325M $-973K -181.869% $-0.039 $-907K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $310K ▼ $10.746M ▼ $6.962M ▲ $3.784M ▼
Q2-2025 $739K ▲ $11.06M ▲ $5.717M ▼ $5.343M ▲
Q1-2025 $247K ▲ $10.794M ▲ $5.876M ▼ $4.918M ▲
Q4-2024 $48K ▼ $6.424M ▲ $8.024M ▲ $-1.6M ▼
Q3-2024 $257K $6.077M $6.825M $-748K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.987M ▲ $-1.458M ▼ $-298K ▼ $1.327M ▼ $-429K ▼ $-1.458M ▼
Q2-2025 $-2.784M ▲ $-792K ▲ $-257K ▲ $1.541M ▼ $492K ▲ $-1.049M ▲
Q1-2025 $-4.836M ▼ $-6.785M ▼ $-273K ▼ $7.257M ▲ $199K ▲ $-7.058M ▼
Q4-2024 $-1.169M ▼ $-722K ▲ $-220K ▲ $733K ▼ $-209K ▼ $-942K ▲
Q3-2024 $-973K $-756K $-276K $1.153M $121K $-1.032M

Five-Year Company Overview

Income Statement

Income Statement TEN Holdings (XHLD) is essentially a shell company right now, so its income statement is almost empty. It has no revenue, no gross profit, and no operating profit because it has no real business operations yet. The only thing that shows up meaningfully is small net losses over time, which mainly reflect the costs of running and listing the SPAC. In plain terms: the company is spending a little money to stay active and look for a deal, but it is not bringing in business income of its own.

Balance Sheet

Balance Sheet The balance sheet is very light, which is typical for a SPAC before a merger. Assets and debt are both tiny, and reported equity is close to flat, indicating a very thin standalone financial base. In practice, the real economic story of a SPAC’s balance sheet often sits in the trust account created with IPO funds, which may not be fully captured in this simple snapshot. Overall, there are no signs of a developed operating asset base, no sizeable productive assets, and no visible long‑term capital structure beyond the basic shell needed to complete a future deal.

Cash Flow

Cash Flow Cash flow statements are essentially inactive: no operating cash inflow from a business, no meaningful investment in assets, and no free cash flow being generated. That is exactly what you would expect from a blank check company. The main “cash activity” for a SPAC typically occurs at the IPO (raising funds into trust) and later around the merger and any redemptions, none of which are reflected yet as recurring business cash flows. In simple terms, XHLD is not yet a cash‑producing operation; it is a financial vehicle waiting to deploy capital once a target is chosen.

Competitive Edge

Competitive Edge As a pre‑merger SPAC, XHLD does not compete in broadcasting in the usual sense. It is not running TV channels, radio networks, or streaming platforms. Instead, it is competing with other SPACs and private equity style vehicles for attractive acquisition targets. Its “edge” or weakness at this stage is almost entirely about the quality, reputation, and network of its management team, which is not detailed here. Until it announces a specific target, there is no meaningful way to compare its competitive standing within the communication services or broadcasting space, because it does not yet operate in that market.

Innovation and R&D

Innovation and R&D XHLD has no products, no services, and no research and development activity of its own. As a blank check company, it is a financial structure, not an innovator. The real innovation and moat story will only appear once it announces and completes a merger with an operating business. At that point, the focus will shift to the acquired company’s technology, content strategy, distribution, and any unique capabilities. For now, the only forward‑looking aspect is the management team’s ability to source a high‑quality, potentially innovative target in the sector they choose to focus on.

Summary

XHLD is a classic SPAC: no operating business, no revenue, and only small ongoing costs as it searches for a merger partner. Its current financial statements mainly confirm that it is a shell with minimal visible assets and no cash‑generating activity yet. Any real assessment of growth potential, competitive strength, or innovation will depend entirely on the future company it acquires or merges with. Until a specific target is announced and detailed financials and business descriptions are released, analysis is necessarily limited and highly uncertain. The key variables at this stage are time, the skill and credibility of the management team, and the terms and quality of whatever deal they eventually bring forward.

NEWS

November 24, 2025 · 8:30 AM UTC

TEN Holdings Announces Effective Date of Reverse Stock Split

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November 10, 2025 · 5:30 PM UTC

TEN Holdings Reports Third Quarter 2025 Financial Results

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October 15, 2025 · 8:00 AM UTC

TEN Holdings and V-Cube Partner to Deliver Advanced Enterprise Communication Technology to the North American Market

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September 24, 2025 · 8:30 AM UTC

TEN Holdings Announces Participation in Upcoming Investor Conferences

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September 15, 2025 · 8:45 AM UTC

24/7 Market News: TEN Holdings (NASDAQ: XHLD) Redefines Event Tech with Xyvid Pro and Ten Pro SaaS, Tapping into the $400 Billion Global Events Market

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