Tuya Inc.(TUYA)Earnings, Financials & Key Ratios
TUYA•NYSE
$2.39
$1.41B mkt cap·281.2× P/E·Price updated May 6, 2026
AboutTuya Inc. develops Internet of Things (IoT) cloud platform worldwide. The company provides IoT Platform-as-a-Service that enables brands, original equipment manufacturers, and developers to develop, launch, manage, and monetize smart devices and services; industry Software-as-a-Service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers a wide range of cloud-based value-added services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company sells finished smart devices. It offers its solutions to smart home, smart business, healthcare, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.Show more
- Revenue$299M+29.8%
- EBITDA-$43M+57.1%
- Net Income$5M+108.3%
- EPS (Diluted)0.01+107.7%
- Gross Margin47.36%+2.1%
- EBITDA Margin-14.25%+67.0%
- Operating Margin-15.95%+65.3%
- Net Margin1.67%+106.4%
- ROE0.51%+108.1%
- ROIC-8.52%+29.3%
- Debt/Equity0.00-42.5%
TUYA Key Insights
Tuya Inc. (TUYA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 25.5% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 23.1%
- ✓Healthy dividend yield of 2.3%
✗Weaknesses
- ✗Dividend payout exceeds 100% of earnings
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TUYA Price & Volume
Tuya Inc. (TUYA) stock price & volume — 10-year historical chart
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TUYA Growth Metrics
Tuya Inc. (TUYA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years23.07%
3 Years-0.38%
TTM22.29%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM280.09%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM263.36%
Return on Capital
10 Years-21.01%
5 Years-18.8%
3 Years-10.51%
Last Year-4.79%
TUYA Recent Earnings
Tuya Inc. (TUYA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (11%)●Beat Revenue 10/12 qtrs (100%)
Q2 2026Latest
Mar 2, 2026EPS
$0.03
Est $0.03
+0.0%
Revenue
$84M
Est $80M
+6.2%
Q4 2025
Nov 24, 2025EPS
$0.03
Est $0.03
+0.0%
Revenue
$82M
Est $82M
+1.1%
Q3 2025
Aug 26, 2025EPS
$0.02
Est $0.03
-31.0%
Revenue
$80M
Est $78M
+2.2%
Q2 2025
May 20, 2025EPS
$0.02
Est $0.02
-9.4%
Revenue
$75M
Est $73M
+2.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.03vs $0.03+0.0% | $84Mvs $80M+6.2% |
| Q4 2025 | Nov 24, 2025 | $0.03vs $0.03+0.0% | $82Mvs $82M+1.1% |
| Q3 2025 | Aug 26, 2025 | $0.02vs $0.03-31.0% | $80Mvs $78M+2.2% |
| Q2 2025 | May 20, 2025 | $0.02vs $0.02-9.4% | $75Mvs $73M+2.2% |
Based on last 12 quarters of dataView full earnings history →
TUYA Peer Comparison
Tuya Inc. (TUYA) competitors in Cloud infrastructure and hosting — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SMRT | 270.79M | 1.41 | -8.29 | -26.16% | -45.45% | -29.32% | 0.02 | |
 ARLO | 1.55B | 14.73 | 105.21 | 3.6% | 2.82% | 11.68% | 4.32% | 0.05 |
 CSIQ | 1.12B | 16.80 | -10.84 | -6.65% | -1.86% | -2.47% | 1.80 | |
 ZBRA | 11.23B | 228.39 | 27.92 | 8.33% | 7.76% | 11.68% | 7.4% | 0.78 |
 TTEC | 144.22M | 2.97 | -0.74 | -3.2% | -9.01% | -147.21% | 7.65 | |
 CALX | 2.96B | 45.82 | 176.23 | 20.26% | 3.2% | 4.25% | 3.9% | 0.03 |
 SIFY | 1.06B | 14.64 | -110.46 | 11.93% | -3.62% | -7.68% | 1.96 | |
 AMZN | 2.94T | 273.52 | 38.15 | 12.38% | 12.22% | 23.34% | 0.26% | 0.37 |
Compare TUYA vs Peers
Tuya Inc. (TUYA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TUYA Income Statement
Tuya Inc. (TUYA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 105.79M | 179.87M | 302.08M | 208.17M | 229.99M | 298.62M | 318.49M |
| Revenue Growth % | - | 70.03% | 67.94% | -31.09% | 10.48% | 29.84% | 22.29% |
| Cost of Goods Sold | 78M | 117.94M | 174.21M | 118.75M | 123.33M | 157.19M | 166.74M |
| COGS % of Revenue | 73.73% | 65.57% | 57.67% | 57.04% | 53.63% | 52.64% | - |
| Gross Profit | 27.79M▲ 0% | 61.94M▲ 122.9% | 127.87M▲ 106.4% | 89.42M▼ 30.1% | 106.66M▲ 19.3% | 141.43M▲ 32.6% | 151.89M▲ 0% |
| Gross Margin % | 26.27% | 34.43% | 42.33% | 42.96% | 46.37% | 47.36% | 47.69% |
| Gross Profit Growth % | - | 122.91% | 106.45% | -30.07% | 19.27% | 32.61% | - |
| Operating Expenses | 101.23M | 131.78M | 311.43M | 257.61M | 212.48M | 189.05M | 173.02M |
| OpEx % of Revenue | 95.69% | 73.26% | 103.1% | 123.75% | 92.39% | 63.31% | - |
| Selling, General & Admin | 49.21M | 55.42M | 146.97M | 123.17M | 121.1M | 105.33M | 89.18M |
| SG&A % of Revenue | 46.52% | 30.81% | 48.65% | 59.17% | 52.66% | 35.27% | - |
| Research & Development | 52M | 77.43M | 174.29M | 144.94M | 102.28M | 95.05M | 93.84M |
| R&D % of Revenue | 49.16% | 43.05% | 57.7% | 69.63% | 44.47% | 31.83% | - |
| Other Operating Expenses | 10K | -1.07M | -9.84M | -10.51M | -10.9M | -11.33M | -4M |
| Operating Income | -73.44M▲ 0% | -69.85M▲ 4.9% | -183.56M▼ 162.8% | -168.19M▲ 8.4% | -105.82M▲ 37.1% | -47.62M▲ 55.0% | -21.27M▲ 0% |
| Operating Margin % | -69.42% | -38.83% | -60.77% | -80.79% | -46.01% | -15.95% | -6.68% |
| Operating Income Growth % | - | 4.89% | -162.81% | 8.38% | 37.08% | 55% | - |
| EBITDA | -70.04M | -64.16M | -173.21M | -159.98M | -99.28M | -42.55M | -20.66M |
| EBITDA Margin % | -66.21% | -35.67% | -57.34% | -76.85% | -43.16% | -14.25% | -6.49% |
| EBITDA Growth % | - | 8.39% | -169.96% | 7.64% | 37.94% | 57.13% | 69.04% |
| D&A (Non-Cash Add-back) | 3.4M | 5.68M | 10.35M | 8.21M | 6.55M | 5.07M | 612.25K |
| EBIT | -73.44M | -69.85M | -183.56M | -168.19M | -105.82M | -47.62M | -21.27M |
| Net Interest Income | 3.33M | 3.07M | 8.04M | 22.9M | 45.05M | 50.42M | 48.36M |
| Interest Income | 3.33M | 3.07M | 8.04M | 22.9M | 45.05M | 50.42M | 48.36M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 3.09M | 3.14M | 8.63M | 23.89M | 48.76M | 54.76M | 52.56M |
| Pretax Income | -70.35M▲ 0% | -66.71M▲ 5.2% | -174.93M▼ 162.2% | -144.29M▲ 17.5% | -57.07M▲ 60.5% | 7.14M▲ 112.5% | 31.29M▲ 0% |
| Pretax Margin % | -66.5% | -37.08% | -57.91% | -69.32% | -24.81% | 2.39% | 9.82% |
| Income Tax | 124K | 206K | 490K | 1.88M | 3.25M | 2.15M | 2.27M |
| Effective Tax Rate % | -0.18% | -0.31% | -0.28% | -1.3% | -5.69% | 30.03% | 7.25% |
| Net Income | -70.48M▲ 0% | -66.91M▲ 5.1% | -175.42M▼ 162.2% | -146.18M▲ 16.7% | -60.31M▲ 58.7% | 5M▲ 108.3% | 29.06M▲ 0% |
| Net Margin % | -66.62% | -37.2% | -58.07% | -70.22% | -26.23% | 1.67% | 9.12% |
| Net Income Growth % | - | 5.06% | -162.17% | 16.67% | 58.74% | 108.28% | 280.09% |
| Net Income (Continuing) | -70.48M | -66.91M | -175.42M | -146.18M | -60.31M | 5M | 29.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.13▲ 0% | -0.12▲ 7.7% | -0.36▼ 200.0% | -0.26▲ 27.8% | -0.11▲ 57.7% | 0.01▲ 107.7% | 0.05▲ 0% |
| EPS Growth % | - | 7.69% | -200% | 27.78% | 57.69% | 107.73% | 263.36% |
| EPS (Basic) | -0.13 | -0.12 | -0.36 | -0.26 | -0.11 | 0.01 | - |
| Diluted Shares Outstanding | 561.25M | 561.25M | 489.15M | 553.53M | 555.47M | 591.01M | 610.48M |
| Basic Shares Outstanding | 561.25M | 561.25M | 489.15M | 553.53M | 548.32M | 573.78M | 608.53M |
| Dividend Payout Ratio | - | - | - | - | - | 661.17% | - |
TUYA Balance Sheet
Tuya Inc. (TUYA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 266.71M | 248.03M | 1.19B | 1.02B | 847.8M | 903.02M | 896.62M |
| Cash & Short-Term Investments | 229.92M | 179.77M | 1.07B | 954.29M | 789.71M | 847.87M | 834.41M |
| Cash Only | 213.26M | 158.79M | 963.94M | 133.16M | 498.69M | 653.33M | 724.08M |
| Short-Term Investments | 16.66M | 20.98M | 102.13M | 821.13M | 291.02M | 194.54M | 110.33M |
| Accounts Receivable | 7.07M | 21.79M | 35.01M | 14.94M | 14.17M | 22.71M | 23.54M |
| Days Sales Outstanding | 24.41 | 44.22 | 42.31 | 26.19 | 22.49 | 27.76 | 23.86 |
| Inventory | 23.02M | 42.27M | 62.58M | 45.38M | 32.87M | 23.84M | 20.67M |
| Days Inventory Outstanding | 107.71 | 130.81 | 131.12 | 139.49 | 97.26 | 55.36 | 51.66 |
| Other Current Assets | 42K | 190K | 29.91M | 8.75M | 11.05M | 1.01M | 18M |
| Total Non-Current Assets | 12.7M | 19.29M | 56.88M | 32.77M | 218.6M | 200.76M | 207.52M |
| Property, Plant & Equipment | 11.5M | 16.64M | 28.99M | 13.56M | 10.24M | 11.17M | 14.66M |
| Fixed Asset Turnover | 9.20x | 10.81x | 10.42x | 15.35x | 22.47x | 26.74x | 26.84x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 8.82M | 8.77M |
| Long-Term Investments | 430K | 920K | 26.08M | 18.03M | 207.49M | 180.09M | 768.56M |
| Other Non-Current Assets | 769K | 1.73M | 1.82M | 1.18M | 877K | 678K | 10.96M |
| Total Assets | 279.4M▲ 0% | 267.32M▼ 4.3% | 1.25B▲ 366.9% | 1.06B▼ 15.4% | 1.07B▲ 1.0% | 1.1B▲ 3.5% | 1.1B▲ 0% |
| Asset Turnover | 0.38x | 0.67x | 0.24x | 0.20x | 0.22x | 0.27x | 0.29x |
| Asset Growth % | - | -4.32% | 366.91% | -15.38% | 0.97% | 3.51% | 15.01% |
| Total Current Liabilities | 50.36M | 91.93M | 109.1M | 81.28M | 87.53M | 94.34M | 91.61M |
| Accounts Payable | 12.18M | 23.16M | 12.21M | 9.6M | 11.58M | 19.05M | 23.05M |
| Days Payables Outstanding | 56.98 | 71.67 | 25.59 | 29.49 | 34.26 | 44.24 | 43.56 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 14.57M | 30.55M | 40.34M | 34.45M | 38.58M | 0 | 107.75M |
| Other Current Liabilities | 7.76M | 870K | 5.14M | 16.53M | 19.01M | 58.55M | 0 |
| Current Ratio | 5.30x | 2.70x | 10.92x | 12.59x | 9.69x | 9.57x | 9.57x |
| Quick Ratio | 4.84x | 2.24x | 10.35x | 12.03x | 9.31x | 9.32x | 9.32x |
| Cash Conversion Cycle | 75.14 | 103.35 | 147.84 | 136.19 | 85.49 | 38.88 | 31.96 |
| Total Non-Current Liabilities | 339.14M | 340.06M | 25.39M | 12.69M | 8.3M | 2M | 2.12M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 5.21M | 5.69M | 16.05M | 5.29M | 3.9M | 851K | 5.63M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 333.67M | 333.67M | 8.48M | 7M | 3.89M | 767K | 2.3M |
| Total Liabilities | 389.5M | 431.99M | 134.49M | 93.97M | 95.83M | 96.33M | 93.74M |
| Total Debt | 8.97M | 12.01M | 21.75M | 9.14M | 7.79M | 4.65M | 4.21M |
| Net Debt | -204.28M | -146.78M | -942.19M | -124.02M | -490.9M | -648.68M | -719.87M |
| Debt / Equity | - | - | 0.02x | 0.01x | 0.01x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | -0.20x |
| Net Debt / EBITDA | - | - | - | - | - | - | 34.84x |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | -110.09M▲ 0% | -164.67M▼ 49.6% | 1.11B▲ 776.3% | 962.17M▼ 13.6% | 970.57M▲ 0.9% | 1.01B▲ 3.8% | 1.01B▲ 0% |
| Equity Growth % | - | -49.57% | 776.31% | -13.6% | 0.87% | 3.8% | 8.57% |
| Book Value per Share | -0.20 | -0.29 | 2.28 | 1.74 | 1.75 | 1.70 | 1.66 |
| Total Shareholders' Equity | -110.09M | -164.67M | 1.11B | 962.17M | 970.57M | 1.01B | 1.01B |
| Common Stock | 11K | 11K | 29K | 29K | 29K | 29K | 31K |
| Retained Earnings | -125.56M | -192.47M | -367.9M | -514.07M | -574.85M | -569.85M | -546.26M |
| Treasury Stock | 0 | 0 | -46.93M | -86.44M | -53.63M | -15.73M | 0 |
| Accumulated OCI | -2.4M | 481K | 2.32M | -22.11M | -17.09M | -19.72M | -19.23M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TUYA Cash Flow Statement
Tuya Inc. (TUYA) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -56.66M | -49.3M | -126.27M | -70.57M | 36.41M | 80.39M | 80.39M |
| Operating CF Margin % | -53.56% | -27.41% | -41.8% | -33.9% | 15.83% | 26.92% | - |
| Operating CF Growth % | - | 13% | -156.15% | 44.11% | 151.6% | 120.79% | 18.9% |
| Net Income | -70.6M | -67.03M | -175.66M | -146M | -60.26M | 5M | 29.06M |
| Depreciation & Amortization | 3.4M | 5.69M | 10.36M | 8.2M | 6.54M | 5.07M | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 6.13M | 10.21M | 70.83M | 65.35M | 84.06M | 70.64M | 52.64M |
| Working Capital Changes | 4.41M | 1.82M | -31.81M | 1.88M | 6.07M | -313.16K | 0 |
| Change in Receivables | -1.39M | -16.02M | -15.72M | 18.84M | -1.24M | -2.16M | 0 |
| Change in Inventory | -11.06M | -19.82M | -22.15M | 13.12M | 9.21M | 7.03M | 0 |
| Change in Payables | 7.51M | 11M | -10.96M | -2.61M | 1.98M | 5.92M | 0 |
| Cash from Investing | 8.51M | -7.87M | -113.11M | -713.38M | 332.17M | 107.48M | 97.51M |
| Capital Expenditures | -2.49M | -3.21M | -6.2M | -709.16K | -1.5M | -13.1M | 0 |
| CapEx % of Revenue | 2.35% | 1.78% | 2.05% | 0.34% | 0.65% | 4.39% | - |
| Acquisitions | 5.01K | 5.01K | 28.04K | 463.45K | 508.56K | 163.08K | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -2.31M | 1.5M | 0 | -1.5M | 97.51M |
| Cash from Financing | 174.53M | -172.3K | 1.04B | -38.54M | -2.22M | -33.22M | -70.35M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | -182.31K | 1000K | -1000K | -1000K | 98.05K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -33.04M | 0 |
| Share Repurchases | -3.76M | 0 | -64.08M | -48.62M | -3.34M | -70.03K | 0 |
| Other Financing | 0 | 10.02K | 0 | 0 | -70.94K | -276.14K | -70.35M |
| Net Change in Cash | 213.29M▲ 0% | -54.33M▼ 125.5% | 805.6M▲ 1582.8% | -831.39M▼ 203.2% | 365.53M▲ 144.0% | 154.69M▼ 57.7% | 109.15M▲ 0% |
| Free Cash Flow | -59.15M▲ 0% | -52.5M▲ 11.2% | -132.47M▼ 152.3% | -71.28M▲ 46.2% | 34.91M▲ 149.0% | 76.21M▲ 118.3% | 0▲ 0% |
| FCF Margin % | -55.91% | -29.19% | -43.85% | -34.24% | 15.18% | 25.52% | - |
| FCF Growth % | - | 11.24% | -152.32% | 46.19% | 148.98% | 118.27% | - |
| FCF per Share | -0.11 | -0.09 | -0.27 | -0.13 | 0.06 | 0.13 | 0.13 |
| FCF Conversion (FCF/Net Income) | 0.80x | 0.74x | 0.72x | 0.48x | -0.60x | 16.09x | 0.00x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 197K | 210K | 616K | 843K | 2.82M | 2.69M | 0 |
TUYA Key Ratios
Tuya Inc. (TUYA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -36.97% | -14.08% | -6.24% | 0.51% | 2.91% |
| Return on Invested Capital (ROIC) | - | -80.29% | -24.99% | -12.05% | -8.52% | -8.52% |
| Gross Margin | 34.43% | 42.33% | 42.96% | 46.37% | 47.36% | 47.69% |
| Net Margin | -37.2% | -58.07% | -70.22% | -26.23% | 1.67% | 9.12% |
| Debt / Equity | - | 0.02x | 0.01x | 0.01x | 0.00x | 0.00x |
| FCF Conversion | 0.74x | 0.72x | 0.48x | -0.60x | 16.09x | 0.00x |
| Revenue Growth | 70.03% | 67.94% | -31.09% | 10.48% | 29.84% | 22.29% |
TUYA Frequently Asked Questions
Tuya Inc. (TUYA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Tuya Inc. (TUYA) reported $318.5M in revenue for fiscal year 2024. This represents a 201% increase from $105.8M in 2019.
Tuya Inc. (TUYA) grew revenue by 29.8% over the past year. This is strong growth.
Yes, Tuya Inc. (TUYA) is profitable, generating $29.1M in net income for fiscal year 2024 (1.7% net margin).
Dividend & Returns
Yes, Tuya Inc. (TUYA) pays a dividend with a yield of 2.34%. This makes it attractive for income-focused investors.
Tuya Inc. (TUYA) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Tuya Inc. (TUYA) generated $76.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More TUYA
Tuya Inc. (TUYA) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates