TEN Holdings, Inc. (XHLD) AI Stock Analysis

• Market Cap: $5.11M
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.51
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 38
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): -1.50
• Shares Outstanding: 2,972,831
• 10 Day Avg. Volume: 1,390,615
• 30 Day Avg. Volume: 1,396,891
• PEG Ratio: -1.37
• Price to Book (P/B): -121.95
• Price to Sales (P/S): 55.68
• P/FCF Ratio: -77.33
• Enterprise Value/Market Cap: 3.18
• Enterprise Value/Revenue: 5.06
• Enterprise Value/Gross Profit: 6.27
• Enterprise Value/Ebitda: -1.65
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: $1.50 ▼(-11.24% Downside)

TEN Holdings, Inc. is facing severe financial challenges, with negative profitability and cash flows. The technical analysis indicates a bearish trend, with the stock trading well below key moving averages. The valuation is unattractive due to a negative P/E ratio and no dividend yield. While the company has regained Nasdaq compliance, this does not offset the significant financial and technical weaknesses.

Positive Factors

Strategic Partnerships

The partnership with Xcyte allows TEN Holdings to expand its market offerings and enhance its product portfolio, potentially increasing revenue streams and market presence over the long term.

High Gross Profit Margin

A strong gross profit margin indicates effective cost management and pricing power, which can support profitability improvements if operational inefficiencies are addressed.

Nasdaq Compliance

Regaining Nasdaq compliance enhances the company's credibility and market standing, potentially attracting more investors and improving access to capital.

Negative Factors

Negative Cash Flows

Persistent negative cash flows indicate that the company struggles to generate sufficient cash from operations, posing risks to financial stability and growth prospects.

High Leverage

High leverage and past negative equity highlight financial risk, limiting flexibility and increasing vulnerability to economic downturns or interest rate hikes.

Declining Revenue

A declining revenue trend suggests challenges in market competitiveness and demand for products, which can hinder long-term growth and profitability.

TEN Holdings, Inc. Business Overview & Revenue Model

Company Description

TEN Holdings, Inc. (XHLD) is a diversified holding company that operates across various sectors, including technology, finance, and real estate. The company focuses on acquiring and managing businesses that demonstrate growth potential and strategic value. Its core products and services include innovative technology solutions, investment management services, and real estate development projects, aiming to optimize returns and foster sustainable growth across its portfolio.

How the Company Makes Money

TEN Holdings, Inc. generates revenue through multiple streams, primarily by leveraging its investments in technology and finance sectors. The company earns income from its technology solutions by offering software and services to businesses, enhancing operational efficiency and productivity. In finance, TEN Holdings provides investment management services, earning fees from asset management and advisory services. Additionally, revenue is generated through real estate activities, including leasing properties and developing new projects for sale or rental. Strategic partnerships with key players in these industries further bolster its earnings through collaborative ventures and shared resources.

TEN Holdings, Inc. Financial Statement Overview

Summary

TEN Holdings, Inc. is facing substantial financial difficulties with declining revenues, high operational losses, and significant leverage. The negative cash flows and profitability metrics indicate a challenging financial position, with potential risks of insolvency if the trends continue.

Income Statement

TEN Holdings, Inc. shows a concerning trend in its income statement. The company has experienced a significant decline in revenue over the past years, with a recent TTM revenue growth rate of 24.9% following a previous decline. Despite a strong gross profit margin of 81.67% in the TTM, the net profit margin is deeply negative at -304.30%, indicating substantial losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals financial instability for TEN Holdings, Inc. The debt-to-equity ratio has improved to 0.79 in the TTM, but the company has faced negative equity in the past, indicating high leverage and financial risk. The return on equity is negative, highlighting the company's inability to generate profits from shareholders' equity. The equity ratio is low, suggesting a reliance on debt financing.

Cash Flow

The cash flow statement indicates significant challenges for TEN Holdings, Inc. The company has negative operating and free cash flows, with a TTM free cash flow growth rate of -103.2%. The operating cash flow to net income ratio is negative, suggesting that the company is not generating sufficient cash from its operations to cover its losses. The free cash flow to net income ratio is slightly positive, but this is due to the large negative net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	3.22M	3.50M	3.72M	4.81M
Gross Profit	2.60M	2.85M	3.16M	4.07M
EBITDA	-9.89M	-2.57M	-1.55M	-68.00K
Net Income	-10.78M	-2.97M	-1.69M	-7.66M
Balance Sheet
Total Assets	10.75M	6.42M	4.77M	4.22M
Cash, Cash Equivalents and Short-Term Investments	310.00K	48.00K	357.00K	7.00K
Total Debt	5.09M	6.19M	2.33M	693.00K
Total Liabilities	6.96M	8.02M	3.72M	1.48M
Stockholders Equity	3.78M	-1.60M	1.05M	2.74M
Cash Flow
Free Cash Flow	-10.51M	-3.52M	-1.34M	-1.00M
Operating Cash Flow	-9.76M	-2.48M	-265.00K	83.00K
Investing Cash Flow	-1.05M	-1.04M	-1.07M	-1.09M
Financing Cash Flow	10.86M	3.21M	1.69M	0.00

TEN Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.69
• 50DMA: Negative
• 100DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XHLD, the sentiment is Negative. The current price of 1.69 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.28, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 31.37 is Neutral, neither overbought nor oversold. The STOCH value of 4.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XHLD.

TEN Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGA	63 Neutral	$73.09M	229.29	0.18%	8.81%	-0.77%	-93.46%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
EVC	53 Neutral	$277.48M	-2.36	-81.68%	6.56%	-45.95%	-75.87%
BBGI	46 Neutral	$9.00M	-1.05	-5.90%	―	-7.78%	-369.53%
UONE	44 Neutral	$42.66M	-0.36	-90.36%	―	-13.08%	-69.47%
XHLD	39 Underperform	$5.11M	-0.33	―	―	―	―
MDIA	38 Underperform	$50.98M	-1.09	-53.47%	―	83.96%	-73.70%

TEN Holdings, Inc. Corporate Events

TEN Holdings Regains Nasdaq Compliance After Deficiency

On December 15, 2025, TEN Holdings, Inc. appointed Mr. Yuji Ishida and Mr. Gan Yong Sheng to its Board of Directors, filling vacancies left by previous members. Both appointees will serve on the Audit Committee, with Mr. Ishida as Chair, and will receive annual cash retainers for their roles. The company also entered into indemnification agreements with them, ensuring their protection under applicable law. The appointments are independent and not influenced by any prior transactions with the company. On December 16, 2025, TEN Holdings, Inc. announced it had regained compliance with Nasdaq’s Listing Rules 5550(a)(2) and 5605, following deficiency notices received in June 2025. This compliance restoration is significant for the company’s standing on the Nasdaq Stock Market.

TEN Holdings Implements Reverse Stock Split

On December 1, 2025, TEN Holdings, Inc. implemented a one-for-fifteen reverse stock split, reducing its outstanding common stock shares from 44.8 million to approximately 3.0 million. This move did not affect stockholders’ percentage ownership, except for fractional shares, which were compensated with cash. The new shares began trading on the NASDAQ Capital Market on December 2, 2025, under the same trading symbol ‘XHLD.’

TEN Holdings Signs Release Agreement with Sunpeak

On April 23, 2025, TEN Holdings, Inc. entered into a Settlement Agreement with Sunpeak Holdings Corporation, which became effective on April 30, 2025. The agreement involved SHC purchasing certain outstanding payables owed by TEN Holdings to designated creditors in exchange for shares of common stock. On October 31, 2025, a Release Agreement was signed, releasing TEN Holdings from further obligations under the Settlement Agreement in exchange for a $250,000 payment made on October 30, 2025. However, TEN Holdings remains liable for any remaining claims not satisfied by SHC.

TEN Holdings Enters Digital Reseller Agreement with Xcyte

On October 21, 2025, TEN Holdings, Inc. entered into a digital reseller program agreement with Xcyte Digital Corporation, allowing the company to integrate, bundle, and resell Xcyte’s conferencing products and services. This agreement, which initially lasts for three years with automatic renewals, involves TEN Holdings paying Xcyte fixed annual fees for current customers and a percentage of revenue for future customers, potentially impacting the company’s market offerings and stakeholder interests.