Ten Holdings Q1 FY26 net loss narrows 40% to $2.9 million; revenue rises 15.4% to $853,000

• Ten Holdings posted a net loss of USD 2.9 million, narrowing 40% year over year, while revenue rose 15.4% to USD 853,000.
• Net loss per share improved to USD 0.73 from USD 2.68, while selling, general and administrative expense fell 34.6% to USD 3.38 million.
• Cost of revenue climbed 65.1% to USD 307,000, driven by a major customer event that did not occur in the prior-year period.
• Cash and cash equivalents dropped to USD 79,000 at March 31, 2026 from USD 1.63 million at the start of the quarter, with USD 1.1 million used in operating activities.
• Management flagged substantial doubt about going concern, citing USD 3.0 million of short-term related-party debt maturing within 12 months, while V-Cube committed USD 5.4 million of financial support payable in installments during 2026.

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