Business Description
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.
Business History
Price Overview
Last updated: Jun 27, 2026 8:59am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 0.09
Total Equity: $1.02B
Shares: 613,807,254
Total Debt: $1.99M
Cash: $890.71M
EBITDA: $65.19M
Total Debt: $1.99M
Cash: $890.71M
Revenue: $322.64M
Revenue: $322.64M
Revenue: $322.64M
Total Equity: $1.02B
Tax Rate: 3.3%
Equity: $1.02B
Total Debt: $1.99M
Cash: $890.71M
Current Liabilities: $106.23M
Long-Term Debt: $0.00
Total Debt: $1.99M
Total Equity: $1.02B
Shares: 613,807,254
Shares: 613,807,254
CapEx: -$7.14M
Shares: 613,807,254
Stock Price: $1.80
Net Income: $58.04M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $302.1M | $208.2M | $230.0M | $298.6M | $322.6M |
| Cost of Revenue | $174.2M | $118.7M | $123.3M | $157.2M | $167.2M |
| Gross Profit | $127.9M | $89.4M | $106.7M | $141.4M | $155.5M |
| Operating Expenses | $311.4M | $257.6M | $212.5M | $189.1M | $154.1M |
| Operating Income | -$183.6M | -$168.2M | -$105.8M | -$47.6M | $1.3M |
| Net Income | -$175.4M | -$146.2M | -$60.3M | $5.0M | $58.0M |
| EBITDA | -$164.6M | -$136.1M | -$50.5M | $12.2M | $65.2M |
| EPS | $-0.36 | $-0.26 | $-0.11 | $0.01 | $0.09 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $963.9M | $133.2M | $498.7M | $653.3M | $890.7M |
| Total Current Assets | $1.2B | $1.0B | $847.8M | $903.0M | $1.0B |
| Total Assets | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B |
| Current Liabilities | $109.1M | $81.3M | $87.5M | $94.3M | $106.2M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $134.5M | $94.0M | $95.8M | $96.3M | $109.9M |
| Total Equity | $1.1B | $962.2M | $970.6M | $1.0B | $1.0B |
| Retained Earnings | -$367.9M | -$514.1M | -$574.8M | -$569.9M | -$512.0M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$126.3M | -$70.6M | $36.4M | $80.4M | $81.0M |
| Capital Expenditure | -$6.2M | $-709,151 | -$1.5M | -$4.2M | -$7.1M |
| Free Cash Flow | -$132.5M | -$71.3M | $34.9M | $76.2M | $73.9M |
| Acquisitions (net) | $28,037 | $463,448 | $508,557 | $163,081 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$64.1M | -$48.6M | -$3.3M | $-70,035 | $-24,000 |
| Net Change in Cash | $805.6M | -$831.4M | $365.5M | $154.7M | $237.6M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:59am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$398.9M $393.3M – $405.5M
|
$454.4M $454.4M – $454.4M
|
$502.9M $495.8M – $511.3M
|
$560.5M $552.6M – $569.8M
|
| EBITDA |
-$93.8M -$95.3M – -$92.4M
|
-$106.8M -$106.8M – -$106.8M
|
-$118.2M -$120.2M – -$116.5M
|
-$131.7M -$133.9M – -$129.9M
|
| Net Income |
$81.5M $79.8M – $83.1M
|
$92.2M $90.4M – $94.1M
|
$110.5M $108.5M – $112.9M
|
$122.8M $120.5M – $125.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -31.1% | +10.5% | +29.8% | +8.0% |
| Gross Profit Growth | -30.1% | +19.3% | +32.6% | +9.9% |
| Operating Income Growth | +8.4% | +37.1% | +55.0% | +102.8% |
| Net Income Growth | +16.7% | +58.7% | +108.3% | +1,061.6% |
| EBITDA Growth | +17.3% | +62.9% | +124.2% | +434.0% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-14 | Zhang Yan (Claire) | M-Exempt | 15,000.00 | $0.00 | $0 |
| 2026-05-14 | Zhang Yan (Claire) | M-Exempt | 15,000.00 | $0.00 | $0 |
| 2026-03-18 | Zhang Yan (Claire) | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Zhang Yan (Claire) | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Yang Yi (Alex) | 0.00 | $0.00 | $0 | |
| 2026-04-24 | wang xueji | J-Other | 308.00 | $0.00 | $0 |
| 2026-04-24 | wang xueji | J-Other | 308.00 | $0.00 | $0 |
| 2026-04-24 | wang xueji | J-Other | 75.00 | $0.00 | $0 |
| 2026-04-24 | wang xueji | J-Other | 75.00 | $0.00 | $0 |
| 2026-04-24 | Chen Liaohan | J-Other | 237.00 | $0.00 | $0 |
| 2026-04-24 | Chen Liaohan | J-Other | 237.00 | $0.00 | $0 |
| 2026-03-18 | Qiu Changheng | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Zhang Yan (Claire) | 0.00 | $0.00 | $0 | |
| 2025-01-01 | Zhang Yan (Claire) | 15,000.00 | $0.00 | $0 | |
| 2026-03-18 | Yip Pak Tung Jason | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Yang Yi (Alex) | 0.00 | $0.00 | $0 | |
| 2026-03-18 | wang xueji | 0.00 | $0.00 | $0 | |
| 2026-03-18 | wang xueji | 0.00 | $0.00 | $0 | |
| 2026-03-18 | wang xueji | 0.00 | $0.00 | $0 | |
| 2026-03-18 | wang xueji | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:23pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-03-18 | $0.06 | 2026-03-18 | 2026-04-21 | |
| 2025-09-11 | $0.05 | 2025-09-11 | 2025-10-20 | |
| 2025-03-13 | $0.05 | 2025-03-13 | 2025-04-15 | |
| 2024-09-11 | $0.06 | 2024-08-26 | 2024-09-11 | 2024-10-15 |
Narrative Economics
market-narrative step).