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MARKETS / NYSE / TUYA
NYSE · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Tuya Inc. TUYA

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$321.8M
▲ 7.8% YoY
$57.9M
▲ 1058.5% YoY
$73.9M
▼ 3.0% YoY
In brief

What this company does

Tuya operates an AI cloud platform on which brands, OEMs and developers access a common infrastructure and ready-to-use software, development tools and services to develop and manage smart devices with AI capabilities. In 2025 it served approximately 5,900 customers, and approximately 3,800 brands used its platform to develop their smart devices. As of December 31, 2025, over 1.8 million AIoT device and software developers were registered in its community. Its offerings consist of Platform-as-a-Service, Software-as-a-Service and Smart Solutions, delivered to developers of smart devices, commercial applications and industries. The PaaS offering lets businesses, including original equipment manufacturers and brands, and developers develop, launch, manage and monetize software-enabled smart devices and services. That offering is used by businesses and developers across over 200 countries and regions to develop smart devices in approximately 3,200 categories. Its industry SaaS supplies vertical-focused software that businesses use to deploy, connect and manage large numbers and different types of smart devices for spatial intelligence in different industry verticals. Under Smart Solutions, it supplies customers with smart devices that integrate AI and intelligent software capabilities beyond IoT.

Written from the business description in Tuya Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 22 April 2026. Every sentence was checked against that document before publication.

Growth
USD 321.8M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 321.8 · Net income 57.9
200M-80M-160M2019202020212022202320242025
Compound annual growth
+15.6%
+12.3%
+13.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.6% · Net 18.0%
20%40%60%-50%2019202020212022202320242025
ROE
FY2025 · ROE 5.7%
2%4%-10%-20%-30%2019202020212022202320242025

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders
USD 69.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 73.9
40M-50M-100M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 69.8 · Net buybacks 0.0
-400M-800M20212022202320242025

USD 69.8M in dividends and USD 10,000.00 in buybacks — 121% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.1B
EquityUSD 1.0B
CashUSD 890.7M
Current ratio9.63×

Equity funds 90% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.30.30.20.20.30.20.1
Operating income $B0.0−0.0−0.1−0.2−0.2−0.1−0.1
EBITDA $B0.0−0.0−0.1−0.2−0.2−0.1−0.1
Income tax $B0.00.00.00.00.00.00.0
Net income $B0.10.0−0.1−0.1−0.2−0.1−0.1
Free cash flow $B0.10.10.0−0.1−0.1−0.1−0.1
EPS, diluted $0.090.01−0.11−0.26−0.36−0.30−0.33
Dividend / sh $·······
Payout %121661·····
ROE %5.70.5−6.2−14.1−37.0··
Shares out B0.000.000.000.000.000.220.22

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 34 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 61 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2018

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