TEN Holdings, Inc. (XHLD) AI Stock Analysis

• Market Cap: $7.49M
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.62
• 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: -55.40
• Enterprise Value/Market Cap: 1.32
• Enterprise Value/Revenue: 3.06
• Enterprise Value/Gross Profit: 3.79
• Enterprise Value/Ebitda: -1.00
• 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: 49 Neutral
• Price Target: $3.00 ▲(77.51% Upside)

The score is held back primarily by very weak financial performance (large losses and negative operating/free cash flow). Offsetting factors include improving short-term technical momentum and moderately positive corporate developments (Nasdaq compliance and financing), while valuation is difficult to assess given a negative P/E and no dividend yield.

Positive Factors

Regained Nasdaq compliance & board additions

Restoring Nasdaq compliance materially reduces delisting risk and preserves public market access, which is essential for long-term capital raising. Adding independent audit committee members and formal indemnities strengthens governance and oversight, improving transparency and investor confidence over time.

Private placement to repay debt and fund working capital

Fresh financing to retire debt and cover working capital eases near-term liquidity pressure and reduces immediate refinancing risk, extending operational runway. This modest capital infusion supports continuity of operations and strategic execution while the company seeks sustainable cash generation.

High gross profit margin indicates strong unit economics

An 81.7% gross margin implies favorable core revenue economics or low direct costs, providing scope for scalable operating leverage if SG&A is controlled. Durable high gross margins create optionality for reinvestment in growth or margin recovery once fixed costs and operating inefficiencies are addressed.

Negative Factors

Deep and persistent net losses

Extremely negative net margins signal the business is losing value at scale, eroding equity and limiting retained earnings. Persistent large losses constrain reinvestment, impede ability to self-fund growth, and increase dependence on external capital, creating lasting pressure on strategic options.

Negative operating and free cash flow

Consistent negative operating and free cash flows indicate the company cannot convert revenue into sustainable cash, forcing reliance on financing. This weak cash generation elevates dilution and refinancing risk, and limits capacity to invest in operations or respond to industry shifts without external support.

Balance sheet fragility and past negative equity

A history of negative equity and reliance on debt reflect structural funding weaknesses and limited capital buffers. Even with some leverage improvement, prior capital deficits raise long-term solvency concerns and reduce resilience to revenue shocks or cost inflation, constraining strategic flexibility.

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

Financials appear highly stressed: very negative profitability (TTM net margin -304.30%) and negative EBIT/EBITDA margins, alongside negative operating and free cash flow (TTM FCF growth -103.2%). Balance sheet risk remains elevated despite some improvement in leverage (TTM debt-to-equity 0.79) given prior negative equity and weak returns.

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	62 Neutral	$73.67M	231.11	0.18%	8.81%	-0.77%	-93.46%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
UONE	55 Neutral	$44.09M	-0.39	-90.36%	―	-13.08%	-69.47%
EVC	53 Neutral	$277.48M	-2.35	-81.68%	6.56%	-45.95%	-75.87%
XHLD	49 Neutral	$7.49M	-0.50	―	―	―	―
MDIA	44 Neutral	$53.94M	-1.17	-53.47%	―	83.96%	-73.70%
BBGI	40 Underperform	$8.86M	-1.02	-5.90%	―	-7.78%	-369.53%

TEN Holdings, Inc. Corporate Events

Ten Holdings to Present at DealFlow Discovery Conference

Ten Holdings, Inc. plans to present in person at the DealFlow Discovery Conference on January 28–29, 2026, at the Borgata Hotel in Atlantic City, New Jersey, where its management team will deliver a formal presentation and host meetings with investors. In preparation for the event, the company has released an updated investor presentation on its website, signaling an active effort to engage the capital markets and more clearly communicate its strategy and financial profile to existing and prospective shareholders.

The most recent analyst rating on (XHLD) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on TEN Holdings, Inc. stock, see the XHLD Stock Forecast page.

TEN Holdings Announces Private Placement and Executive Agreements

On December 22, 2025, TEN Holdings, Inc. entered into stock purchase agreements with a group of investors for a private placement of 991,000 common shares at $2.27 per share, raising approximately $2.25 million in gross proceeds to be used to repay certain existing debt and for working capital and general corporate purposes. The shares are being issued in a transaction exempt from registration, and the company has committed to register them for resale; on the same date, TEN Holdings also executed new employment and amended employment agreements for its CEO and CFO, respectively, adding change-in-control severance protections that include 12 months of base salary and accelerated vesting of stock options in certain termination scenarios, moves that collectively strengthen its balance sheet while formalizing executive retention and incentive structures.

The most recent analyst rating on (XHLD) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on TEN Holdings, Inc. stock, see the XHLD Stock Forecast page.

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.

The most recent analyst rating on (XHLD) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on TEN Holdings, Inc. stock, see the XHLD Stock Forecast page.

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.’

The most recent analyst rating on (XHLD) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on TEN Holdings, Inc. stock, see the XHLD Stock Forecast page.

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.

The most recent analyst rating on (XHLD) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on TEN Holdings, Inc. stock, see the XHLD Stock Forecast page.