TEN Holdings Inc. Common Stock (XHLD)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn consistent profits and sell for less than they are worth. TEN Holdings fails the first test. In fiscal 2023 (period ended 2023-12-31), revenue was $3.7 million and net income was -$1.7 million. In fiscal 2024, revenue was $3.5 million and net income was -$3.0 million. In fiscal 2025, revenue was $3.1 million and net income was -$19.5 million. Losses are widening while sales shrink. In fiscal Q2 2026 (quarter ended 2026-06-30), revenue was $731,000 and net income was -$3.0 million. In fiscal Q2 2025 (quarter ended 2025-06-30), revenue was $1.1 million and net income was -$2.8 million. That is a deeply unprofitable business. Trailing free cash flow is -$5.5 million, and the FairStock FCF yield is -318.7% on a $1.7 million market cap at the 2026-10-13 close of $0.43. The FairStock P/B is 0.82, which might look like a bargain, but book value can disappear when a company burns cash. The Piotroski F-Score is 5/9 and the Altman Z-Score is -3.89, both calculated by FairStock; neither reassures me about financial health. Debt is low, with D/E of 0.08, which helps, but a 25-employee event and broadcast services firm has not shown a durable competitive advantage. It has not earned a profit in the last three years, so the computed Lynch category is none. Without earnings, positive cash flow, or a clear moat, the low price is not a margin of safety; it is a warning.

In plain English: TEN Holdings runs events and web broadcasts. The business is losing money, sales are shrinking, and it burns cash. The stock looks low compared with its accounting value, but the weak business makes the price look risky rather than cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer