Tuya Inc. (TUYA)
Tuya Inc. operates a global cloud platform for the Internet of Things (IoT), providing comprehensive solutions to facilitate smart technology integration. The company delivers an IoT Platform-as-a-Service (PaaS), empowering brands, original equipment manufacturers (OEMs), and developers to conceive, introduce, supervise, and monetize their intelligent devices and related services. Additionally, Tuya offers industry-focused Software-as-a-Service (SaaS) to help businesses implement, link, and manage various types of connected hardware. Beyond its core platforms, Tuya furnishes a suite of cloud-based supplementary services, designed to assist businesses, developers, and end-users in crafting and maintaining their IoT interactions. The firm also directly markets and sells completed smart devices. Tuya's diverse offerings are deployed across numerous sectors, such as smart homes, commercial settings, healthcare, education, agriculture, outdoor and sports industries, and entertainment. Founded in 2014, Tuya Inc. is headquartered in Hangzhou, People's Republic of China.
Sector: Services-Prepackaged Software
Industry: Software - Application
Tuya Inc.
NYSE:TUYATechnology · Software - Infrastructure
AHAfter hours+0.00%$1.62
Prev close$1.61+0.62%Close$1.620.00%Now$1.62
Close$1.62+0.62%
Mkt Cap$993.36M
Float469.17M
O/S613.18M
VOL332K sh
$ Vol$538K
RVOL0.79×
Inst Own24.0%
SI0.3%
Div Yield3.73%
Dilution
Financials Summary
Revenue$322.64M
Net Income$58.04M
Total Assets$1.13B
Free Cash Flow$73.9M
Debt & Equity
Debt 1%
Equity 99%
Total Debt$5.31M
Total Equity$1.02B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TUYA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.13B
Liabilities$109.91M
Accounts Receivable$23.3M
Accounts Payable$31.78M
Inventory$30.94M
PP&E (Net)$21.3M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $322.64M | $298.62M | $229.99M | $208.17M | $302.08M | $179.87M | $105.79M |
| YoY Growth | 8.0% | 29.8% | 10.5% | -31.1% | 67.9% | 70.0% | - |
| Cost of Revenue | $167.19M | $157.19M | $123.33M | $118.75M | $174.21M | $117.94M | $78M |
| Gross Profit | $155.45M | $141.43M | $106.66M | $89.42M | $127.87M | $61.94M | $27.79M |
| Gross Margin | 48.2% | 47.4% | 46.4% | 43.0% | 42.3% | 34.4% | 26.3% |
| Research and Development | $89.92M | $95.05M | $102.28M | $144.94M | $174.29M | $77.43M | $52M |
| Selling, General, and Administrative | $64.2M | $105.33M | $121.1M | $123.17M | $146.97M | $55.42M | $49.21M |
| Other | $0 | -$11.33M | -$10.9M | -$10.51M | -$9.84M | -$1.07M | $10K |
| Total Operating Expenses | $154.12M | $189.05M | $212.48M | $257.61M | $311.43M | $131.78M | $101.23M |
| Operating Income (EBIT) | $1.33M | -$47.62M | -$105.82M | -$168.19M | -$183.56M | -$69.85M | -$73.44M |
| Operating Margin | 0.4% | -15.9% | -46.0% | -80.8% | -60.8% | -38.8% | -69.4% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $44.3M | $50.42M | $45.05M | $22.9M | $8.04M | $3.07M | $3.33M |
| Other Income (Expense) | $58.67M | $54.76M | $48.76M | $23.89M | $8.63M | $3.14M | $3.09M |
| Income Before Tax (EBT) | $60M | $7.14M | -$57.07M | -$144.29M | -$174.93M | -$66.71M | -$70.35M |
| Income Tax Expense | $1.96M | $2.15M | $3.25M | $1.88M | $490K | $206K | $124K |
| Net Income | $58.04M | $5M | -$60.31M | -$146.18M | -$175.42M | -$66.91M | -$70.48M |
| Net Income Margin | 18.0% | 1.7% | -26.2% | -70.2% | -58.1% | -37.2% | -66.6% |
| Supplementary Data | |||||||
| EPS | 0.09 | 0.01 | -0.11 | -0.26 | -0.36 | -0.12 | -0.13 |
| Diluted EPS | 0.09 | 0.01 | -0.11 | -0.26 | -0.36 | -0.12 | -0.13 |
| Weighted Average OS | 611.71M | 573.78M | 548.32M | 553.53M | 489.15M | 561.25M | 561.25M |
| EBITDA | $65.19M | $12.21M | -$50.52M | -$136.09M | -$164.58M | -$64.16M | -$70.04M |
| EBITDA Margin | 20.2% | 4.1% | -22.0% | -65.4% | -54.5% | -35.7% | -66.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $890.71M | $653.33M | $498.69M | $133.16M | $963.94M | $158.79M | $213.26M |
| Short-Term Investments | $61.77M | $194.54M | $291.02M | $821.13M | $102.13M | $20.98M | $16.66M |
| Cash and Short-Term Investments | $952.48M | $847.87M | $789.71M | $954.29M | $1.07B | $179.77M | $229.92M |
| Accounts Receivable | $23.3M | $22.71M | $14.17M | $14.94M | $35.01M | $21.79M | $7.07M |
| Inventory | $30.94M | $23.84M | $32.87M | $45.38M | $62.58M | $42.27M | $23.02M |
| Other Current Assets | $16.49M | $1.01M | $11.05M | $8.75M | $29.91M | $190K | $42K |
| Total Current Assets | $1.02B | $903.02M | $847.8M | $1.02B | $1.19B | $248.03M | $266.71M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $21.3M | $11.17M | $10.24M | $13.56M | $28.99M | $16.64M | $11.5M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $8.82M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $77.46M | $180.09M | $207.49M | $18.03M | $26.08M | $920K | $430K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $10.54M | $678K | $877K | $1.18M | $1.82M | $1.73M | $769K |
| Total Long-Term Assets | $109.3M | $200.76M | $218.6M | $32.77M | $56.88M | $19.29M | $12.7M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.13B | $1.1B | $1.07B | $1.06B | $1.25B | $267.32M | $279.4M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $31.78M | $19.05M | $11.58M | $9.6M | $12.21M | $23.16M | $12.18M |
| Short-Term Debt | $1.99M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $1.58M | $689K | $787K | $1.8M | $3.35M | $1.17M |
| Current Unearned Revenue | $39.06M | $38.87M | $38.58M | $34.45M | $40.34M | $30.55M | $14.57M |
| Other Current Liabilities | $33.26M | $6.36M | $19.01M | $16.53M | $5.14M | $870K | $7.76M |
| Total Current Liabilities | $106.23M | $94.34M | $87.53M | $81.28M | $109.1M | $91.93M | $50.36M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $352K | $377K | $506K | $394K | $859K | $707K | $261K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $767K | $3.89M | $7M | $8.48M | $333.67M | $333.67M |
| Total Long-Term Liabilities | $3.68M | $2M | $8.3M | $12.69M | $25.39M | $340.06M | $339.14M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $109.91M | $96.33M | $95.83M | $93.97M | $134.49M | $431.99M | $389.5M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $2.68M |
| Common Stock | $31K | $29K | $29K | $29K | $29K | $11K | $11K |
| Retained Earnings | -$511.96M | -$569.85M | -$574.85M | -$514.07M | -$367.9M | -$192.47M | -$125.56M |
| Comprehensive Income & Other | -$14.84M | -$19.72M | -$17.09M | -$22.11M | $2.32M | $481K | -$2.4M |
| Other Stockholders' Equity | $1.53B | $1.58B | $1.55B | $1.48B | $1.48B | $27.8M | $15.46M |
| Total Equity | $1.02B | $1.01B | $970.57M | $962.17M | $1.11B | -$164.67M | -$110.09M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.13B | $1.1B | $1.07B | $1.06B | $1.25B | $267.32M | $279.4M |
| Supplementary Data | |||||||
| Total Debt | $5.31M | $4.65M | $7.79M | $9.14M | $21.75M | $12.01M | $8.97M |
| Net Debt | -$885.4M | -$648.68M | -$490.9M | -$124.02M | -$942.19M | -$146.78M | -$204.28M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $57.89M | $5M | -$60.26M | -$146.18M | -$175.42M | -$67.03M | -$70.6M |
| Depreciation & Amortization | $5.18M | $5.07M | $6.55M | $8.21M | $10.35M | $5.68M | $3.4M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $22.26M | $0 | $0 | $69.02M | $66.09M | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$7.58M | -$2.16M | -$1.24M | $18.87M | -$15.7M | -$16.02M | -$1.39M |
| Inventory | -$8.16M | $7.03M | $9.21M | $13.13M | -$22.12M | -$19.82M | -$11.06M |
| Accounts Payable | $9.56M | $5.92M | $1.98M | -$2.62M | -$10.95M | $11M | $7.51M |
| Other Working Capital | -$4.1M | -$11.11M | -$3.88M | -$27.5M | $17M | $26.66M | $9.34M |
| Total Working Capital Change | -$10.29M | -$313K | $6.07M | $1.88M | -$31.77M | $1.82M | $4.41M |
| Other Non-Cash Items | $5.99M | $70.64M | $84.06M | -$3.59M | $4.65M | $10.22M | $6.13M |
| Net Cash from Operating | $81.04M | $80.39M | $36.41M | -$70.65M | -$126.1M | -$49.3M | -$56.66M |
| Investing Activities | |||||||
| Capital Expenditures | -$7.14M | -$13.1M | -$1.5M | -$710K | -$6.19M | -$3.21M | -$2.49M |
| Acquisitions | $0 | $163K | $509K | $0 | $0 | $5K | $5K |
| Purchases of Investments | -$51.61M | -$275.98M | -$519.81M | -$1.26B | -$490.04M | -$197.71M | -$270.95M |
| Sales of Investments | $283.21M | $397.91M | $852.96M | $543.79M | $385.55M | $193.05M | $281.94M |
| Other Investing Activities | $1.52M | -$1.5M | $509K | $1.97M | -$2.27M | $0 | $0 |
| Net Cash from Investing | $225.98M | $107.48M | $332.17M | -$714.23M | -$112.96M | -$7.87M | $8.51M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $2K | $168K | $1.19M | $10.1M | $1.11B | -$182K | $178.29M |
| Common Stock Repurchases | -$24K | -$70K | -$3.34M | -$48.68M | -$64M | $0 | -$3.76M |
| Dividends Paid | -$69.85M | -$33.04M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$276K | -$71K | $0 | $0 | $10K | $0 |
| Net Cash from Financing | -$69.87M | -$33.22M | -$2.22M | -$38.58M | $1.04B | -$172K | $174.53M |
| Forex Effect | $420K | $37K | -$829K | -$7.95M | $2.88M | $3M | $86.91M |
| Net Change in Cash | $237.57M | $154.69M | $365.53M | -$831.41M | $805.62M | -$54.33M | $213.29M |
| Supplementary Data | |||||||
| Operating Cash Flow | $81.04M | $80.39M | $36.41M | -$70.65M | -$126.1M | -$49.3M | -$56.66M |
| Capital Expenditure | -$7.14M | -$4.19M | -$1.5M | -$710K | -$6.19M | -$3.21M | -$2.49M |
| Free Cash Flow | $73.9M | $76.21M | $34.91M | -$71.36M | -$132.3M | -$52.5M | -$59.15M |
| Cash at Beginning | $653.38M | $498.69M | $133.16M | $964.58M | $158.96M | $213.29M | $0 |
| Cash at End | $890.95M | $653.38M | $498.69M | $133.16M | $964.58M | $158.96M | $213.29M |