Tuya Inc (TUYA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TUYA SEC filings page.
Tuya Inc (TUYA) reported $321.8M in revenue for fiscal year 2025, up 7.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Tuya's dominant shift is from R&D-heavy losses toward cash-generative earnings without meaningful reliance on balance-sheet leverage.
Gross margin climbed from42.3% in FY2021 to48.2% in FY2025, indicating improved economics per dollar sold. Over the same span, R&D fell from$174M to$90M and operating income moved into positive territory, so the earnings inflection reflects both improved product economics and spending normalization rather than volume alone.
Operating cash flow was
FY2025 free cash flow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tuya Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tuya Inc has an operating margin of 3.6%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is up from -16.0% the prior year.
Tuya Inc's revenue grew 7.8% year-over-year to $321.8M, a solid pace of expansion. This earns a growth score of 80/100.
Tuya Inc carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.63, Tuya Inc holds $9.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Tuya Inc converts 23.0% of revenue into free cash flow ($73.9M). This strong cash generation earns a score of 88/100.
Tuya Inc's ROE of 5.7% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 0.5% the prior year.
Tuya Inc scores 6.71, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.1B) relative to total liabilities ($109.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tuya Inc passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tuya Inc generates $1.40 in operating cash flow ($81.0M OCF vs $57.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Tuya Inc held $890.7M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
TUYA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TUYA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|---|
| Total Assets | $1.1B+2.6% | $1.1B+3.5% | $1.1B+1.0% | $1.1B-15.4% | $1.2B+366.9% | $267.3M |
| Current Assets | $1.0B+13.3% | $903.0M+6.5% | $847.8M-17.2% | $1.0B-14.1% | $1.2B+380.3% | $248.0M |
| Cash & Equivalents | $890.7M+36.3% | $653.3M+31.0% | $498.7M+274.5% | $133.2M-86.2% | $963.9M+507.0% | $158.8M |
| Short-Term Investments | $61.8M-68.2% | $194.5M-33.2% | $291.0M-64.6% | $821.1M+704.0% | $102.1M+386.9% | $21.0M |
| Inventory | $30.9M+29.8% | $23.8M-27.5% | $32.9M-27.6% | $45.4M-27.5% | $62.6M+48.1% | $42.3M |
| Accounts Receivable | $13.2M+73.8% | $7.6M-17.6% | $9.2M-24.3% | $12.2M-62.8% | $32.7M+165.5% | $12.3M |
| Long-Term Investments | $7.2M+4.1% | $6.9M-29.9% | $9.9M-44.1% | $17.7M-31.0% | $25.6M+2680.8% | $920K |
| Total Liabilities | $109.9M+14.1% | $96.3M+0.5% | $95.8M+2.0% | $94.0M-30.1% | $134.5M-68.9% | $432.0M |
| Current Liabilities | $106.2M+12.6% | $94.3M+7.8% | $87.5M+7.7% | $81.3M-25.5% | $109.1M+18.7% | $91.9M |
| Non-Current Liabilities | $3.7M+84.5% | $2.0M-76.0% | $8.3M-34.6% | $12.7M-50.0% | $25.4M+297.0% | $6.4M |
| Total Equity | $1.0B+1.5% | $1.0B+3.8% | $970.6M+0.9% | $962.2M-13.6% | $1.1B+776.3% | -$164.7M |
| Retained Earnings | -$512.0M+10.2% | -$569.9M+0.9% | -$574.8M-11.8% | -$514.1M-39.7% | -$367.9M-91.1% | -$192.5M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
TUYA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TUYA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Tuya Inc TUYA | FY2025 | $321.8M | $57.9M | 18.0% | $1.1B | 67/100 |
| Progress Soft PRGS | FY2025 | $977.8M | $73.1M | 7.5% | $1.7B | 55/100 |
| Flywire Corp FLYW | FY2025 | $623.0M | $13.5M | 2.2% | $2.2B | 56/100 |
| Couchbase, Inc. BASE | FY2025 | $209.5M | -$74.7M | -35.6% | $1.4B | 64/100 |
| Rezolve Ai RZLV | FY2025 | $46.8M | -$101.4M | N/A | $963.0M | 33/100 |
Where Tuya Inc Ranks
Frequently Asked Questions
What is Tuya Inc's annual revenue?
Tuya Inc (TUYA) reported $321.8M in total revenue for fiscal year 2025. This represents a 7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tuya Inc's revenue growing?
Tuya Inc (TUYA) revenue grew by 7.8% year-over-year, from $298.6M to $321.8M in fiscal year 2025.
Is Tuya Inc profitable?
Yes, Tuya Inc (TUYA) reported a net income of $57.9M in fiscal year 2025, with a net profit margin of 18.0%.
What is Tuya Inc's EBITDA?
Tuya Inc (TUYA) had EBITDA of $12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tuya Inc's gross margin?
Tuya Inc (TUYA) had a gross margin of 48.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tuya Inc's operating margin?
Tuya Inc (TUYA) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tuya Inc's net profit margin?
Tuya Inc (TUYA) had a net profit margin of 18.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Tuya Inc's return on equity (ROE)?
Tuya Inc (TUYA) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tuya Inc's free cash flow?
Tuya Inc (TUYA) generated $73.9M in free cash flow during fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tuya Inc's operating cash flow?
Tuya Inc (TUYA) generated $81.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tuya Inc's total assets?
Tuya Inc (TUYA) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tuya Inc's capital expenditures?
Tuya Inc (TUYA) invested $7.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Tuya Inc spend on research and development?
Tuya Inc (TUYA) invested $89.7M in research and development during fiscal year 2025.
What is Tuya Inc's current ratio?
Tuya Inc (TUYA) had a current ratio of 9.63 as of fiscal year 2025, which is generally considered healthy.
What is Tuya Inc's debt-to-equity ratio?
Tuya Inc (TUYA) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tuya Inc's return on assets (ROA)?
Tuya Inc (TUYA) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tuya Inc's P/E ratio?
Tuya Inc (TUYA) trades at 19.2x earnings, its market capitalization divided by net income of $57.9M net income, FY2025. The market capitalization is $1.1B as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tuya Inc's price-to-sales ratio?
Tuya Inc (TUYA) trades at 3.4x sales, its market capitalization divided by revenue of $321.8M revenue, FY2025. The market capitalization is $1.1B as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tuya Inc's Altman Z-Score?
Tuya Inc (TUYA) has an Altman Z-Score of 6.71, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tuya Inc's Piotroski F-Score?
Tuya Inc (TUYA) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tuya Inc's earnings high quality?
Tuya Inc (TUYA) has an earnings quality ratio of 1.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Tuya Inc?
Tuya Inc (TUYA) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.