TEN Holdings, Inc.
TEN Holdings, Inc. provides planning, production, and broadcasting services for virtual, hybrid, and physical events through its Xyvid Pro Platform. The company serves corporate customers in the United States and organizes event experiences that combine online delivery with in-person event support.
Fiscal year 2025 · change from previous year
Development 2023–2025
Business
Share of revenuePlanning, production, and broadcasting services delivered through the Xyvid Pro Platform.
In-person event support and production services for corporate events.
Products
Reported · share of revenue- Delivered Events Virtual and Hybrid88.2 %
- Delivered Events Physical11.8 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
TEN Holdings sells primarily to corporate customers that need support for events and other corporate activities. A significant portion of demand appears concentrated in a limited number of larger customers, with repeat event series and renewals playing an important role in revenue continuity.
Companies that buy planning, production, and broadcasting support for internal or external events.
Major customers that run repeat event series and can drive a large share of revenue.
Customers that need a mix of online and in-person event execution.
Customers that still require on-site event production and support.
Strategy
TEN Holdings is focused on expanding its customer base, retaining existing customers, and broadening adoption of its event platform and services. The company also emphasizes sales and marketing expansion, technology investment, and selective strategic transactions to support growth and competitiveness.
Revenue depends on winning new event clients and renewing repeat engagements.
Broader market acceptance depends on stronger customer acquisition capabilities.
The platform must remain competitive on features, reliability, and support.
Acquisitions or partnerships could add complementary capabilities and scale.
Geography
The company is based in the United States and the available disclosures point to a primarily U.S.-centric business. No country-level revenue split was disclosed in the provided excerpts, so the geographic profile is best understood as domestic corporate event services with limited visibility into international exposure.
Risks
TEN Holdings is exposed to customer concentration, renewal risk, and pricing pressure because its revenue depends on recurring event engagements from corporate clients. The business also depends on suppliers, financing support, and continued access to capital, while event demand can fluctuate with customer budgets and broader economic conditions.
- Customer concentrationImpact: HighLikelihood: High
A significant customer can represent a large share of revenue, so loss or delay would materially affect results.
Exposure: Major customer event series
- Customer retention and renewal riskImpact: HighLikelihood: High
Event engagements are finite and may not repeat, reducing recurring revenue visibility.
Exposure: Corporate event contracts
- Liquidity and financing dependenceImpact: HighLikelihood: High
Operations rely on operating cash flow, borrowings, and shareholder support when needed.
Exposure: Working capital and debt service
- Pricing pressureImpact: MediumLikelihood: High
Competitors may offer lower-priced or free alternatives, forcing concessions.
Exposure: Platform and event services
- Supplier dependenceImpact: MediumLikelihood: Medium
A limited supplier base can disrupt event production and increase costs if relationships break down.
Exposure
Accounting
Judgemental itemsRevenue depends on contract terms and when event performance obligations are completed.
Impact: Can shift revenue between periods for recurring or multi-part event series
IPO-related option vesting created a large noncash expense in the period disclosed.
Impact: Can materially increase operating expenses and reduce comparability
Software development costs are capitalized and later amortized, affecting expense timing.
Impact: Impacts both operating expenses and intangible asset balances
Operating lease liabilities and right-of-use assets depend on lease assumptions.
Impact: Affects reported liabilities, assets, and lease expense
Allowance for credit losses, asset lives, and deferred tax valuation require judgment.
Impact: Can change reported earnings and balance sheet carrying values
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Last updated: 24/09/2026