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 Oct 26, 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 2025 profitability came mainly from sharply lower operating costs, while cash generation stayed positive and the balance sheet remained lightly financed.
The turnaround is not primarily volume-led: revenue grew7.8% , while gross margin expanded only0.8% percentage points. SG&A fell39.2% , while operating margin widened19.5% percentage points, pointing to a cost-structure reset as the main mechanism.
Operating cash flow was
The balance sheet remains lightly financed: liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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. Among its peers this margin ranks in the lower range, for a profitability score of 24/100. 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.
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 6.15, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $1.0B against total liabilities of $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
Tuya Inc. generated $321.8M in revenue in fiscal year 2025. This represents an increase of 7.8% from the prior year.
Tuya Inc.'s EBITDA was $12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Tuya Inc. reported $57.9M in net income in fiscal year 2025. This represents an increase of 1058.5% from the prior year.
Tuya Inc. earned $0.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 800.0% from the prior year.
Cash & Balance Sheet
Tuya Inc. generated $73.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.0% from the prior year.
Tuya Inc. held $890.7M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Tuya Inc.'s gross margin was 48.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Tuya Inc.'s operating margin was 3.6% in fiscal year 2025, reflecting core business profitability. This is up 19.5 percentage points from the prior year.
Tuya Inc.'s net profit margin was 18.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.3 percentage points from the prior year.
Tuya Inc.'s ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.
Capital Allocation
Tuya Inc. invested $89.7M in research and development in fiscal year 2025. This represents a decrease of 5.6% from the prior year.
Tuya Inc. spent $12K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 82.9% from the prior year.
Tuya Inc. invested $7.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 70.6% from the prior year.
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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Revenue | $321.8M+7.8% | $298.6M+29.8% | $230.0M+10.5% | $208.2M-31.1% | $302.1M+67.9% | $179.9M+70.0% | $105.8M |
| Cost of Revenue | $166.8M+6.1% | $157.2M+27.4% | $123.3M+3.9% | $118.7M-31.8% | $174.2M+47.7% | $117.9M+51.2% | $78.0M |
| Gross Profit | $155.0M+9.6% | $141.4M+32.6% | $106.7M+19.3% | $89.4M-30.1% | $127.9M+106.4% | $61.9M+122.9% | $27.8M |
| R&D Expenses | $89.7M-5.6% | $95.0M-7.1% | $102.3M-29.4% | $144.9M-16.8% | $174.3M+125.1% | $77.4M+48.9% | $52.0M |
| SG&A Expenses | $64.0M-39.2% | $105.3M-13.0% | $121.1M-1.7% | $123.2M-16.2% | $147.0M+165.2% | $55.4M+12.6% | $49.2M |
| Operating Income | $11.5Mn/m | -$47.6Mn/m | -$105.8Mn/m | -$168.2Mn/m | -$183.6Mn/m | -$69.8Mn/m | -$73.4M |
| EBITDA | $12.7Mn/m | -$46.0Mn/m | -$103.4Mn/m | -$164.7Mn/m | -$180.2Mn/m | -$68.2Mn/m | -$72.7M |
| Income Tax | $2.0M-9.0% | $2.1M-34.0% | $3.2M+72.8% | $1.9M+283.7% | $490K+137.9% | $206K+66.1% | $124K |
| Net Income | $57.9M+1058.5% | $5.0Mn/m | -$60.3Mn/m | -$146.2Mn/m | -$175.4Mn/m | -$66.9Mn/m | -$70.5M |
| EPS (Basic) | $0.09+800.0% | $0.01n/m | -$0.11n/m | -$0.26n/m | -$0.36 | -$0.30n/m | -$0.33 |
| EPS (Diluted) | $0.09+800.0% | $0.01n/m | -$0.11n/m | -$0.26n/m | -$0.36 | -$0.30n/m | -$0.33 |
| Diluted Shares (Avg) | 614M+3.9% | 591M+6.4% | 555M+0.4% | 554M+13.2% | 489M | 222M0.0% | 222M |
Not reported in any period shown, so not listed: Interest Expense.
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 | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+2.6% | $1.1B+3.5% | $1.1B+1.0% | $1.1B-15.4% | $1.2B+366.9% | $267.3M | N/A |
| Current Assets | $1.0B+13.3% | $903.0M+6.5% | $847.8M-17.2% | $1.0B-14.1% | $1.2B+380.3% | $248.0M | N/A |
| Cash & Equivalents | $890.7M+36.3% | $653.3M+31.0% | $498.7M+274.5% | $133.2M-86.2% | $963.9M+507.0% | $158.8M-25.5% | $213.3M |
| Short-Term Investments | $61.8M-68.2% | $194.5M-33.2% | $291.0M-64.6% | $821.1M+704.0% | $102.1M+386.9% | $21.0Mn/m | $0 |
| Inventory | $30.9M+29.8% | $23.8M-27.5% | $32.9M-27.6% | $45.4M-27.5% | $62.6M+48.1% | $42.3M | N/A |
| Accounts Receivable | $13.2M+73.8% | $7.6M-17.6% | $9.2M-24.3% | $12.2M-62.8% | $32.7M+165.5% | $12.3M | N/A |
| Long-Term Investments | $7.2M+4.1% | $6.9M-29.9% | $9.9M-44.1% | $17.7M-31.0% | $25.6M+2680.8% | $920Kn/m | $0 |
| Total Liabilities | $109.9M+14.1% | $96.3M+0.5% | $95.8M+2.0% | $94.0M-30.1% | $134.5M-68.9% | $432.0M | N/A |
| Current Liabilities | $106.2M+12.6% | $94.3M+7.8% | $87.5M+7.7% | $81.3M-25.5% | $109.1M+18.7% | $91.9M | N/A |
| 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 | N/A |
| Total Equity | $1.0B+1.5% | $1.0B+3.8% | $970.6M+0.9% | $962.2M-13.6% | $1.1Bn/m | -$164.7Mn/m | -$110.1M |
| Retained Earnings | -$512.0Mn/m | -$569.9Mn/m | -$574.8Mn/m | -$514.1Mn/m | -$367.9Mn/m | -$192.5M | N/A |
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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $81.0M+0.9% | $80.4M+120.5% | $36.4Mn/m | -$70.7Mn/m | -$126.1Mn/m | -$49.2Mn/m | -$56.6M |
| Depreciation & Amortization | $1.2M-23.7% | $1.6M-34.8% | $2.4M-28.9% | $3.4M+2.2% | $3.4M+102.7% | $1.7M+119.3% | $758K |
| Stock-Based Compensation | $22.3M-67.1% | $67.8M+3.9% | $65.2M-5.5% | $69.0M+4.4% | $66.1M+599.7% | $9.4M+81.0% | $5.2M |
| Capital Expenditures | $7.1M+70.6% | $4.2M+179.1% | $1.5M+111.1% | $710K-88.5% | $6.2M+93.5% | $3.2M+28.7% | $2.5M |
| Free Cash Flow | $73.9M-3.0% | $76.2M+118.0% | $34.9Mn/m | -$71.4Mn/m | -$132.3Mn/m | -$52.4Mn/m | -$59.0M |
| Investing Cash Flow | $226.0M+110.4% | $107.4M-67.7% | $332.5Mn/m | -$714.2Mn/m | -$113.0Mn/m | -$7.9M-192.5% | $8.5M |
| Financing Cash Flow | -$69.9Mn/m | -$33.2Mn/m | -$2.2Mn/m | -$38.6M-103.7% | $1.0Bn/m | -$172K-100.1% | $174.2M |
| Dividends Paid | $69.8M+111.5% | $33.0M | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $12K-82.9% | $70K-97.9% | $3.3M-93.1% | $48.7M-23.9% | $64.0M | N/A | N/A |
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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Gross Margin | 48.2%+0.8pp | 47.4%+1.0pp | 46.4%+3.4pp | 43.0%+0.6pp | 42.3%+7.9pp | 34.4%+8.2pp | 26.3% |
| Operating Margin | 3.6%+19.5pp | -16.0%+30.1pp | -46.0%+34.8pp | -80.8%-20.0pp | -60.8%-21.9pp | -38.8%+30.6pp | -69.4% |
| Net Margin | 18.0%+16.3pp | 1.7%+27.9pp | -26.2%+44.0pp | -70.2%-12.2pp | -58.1%-20.9pp | -37.2%+29.4pp | -66.6% |
| Return on Equity | 5.7%+5.2pp | 0.5%+6.7pp | -6.2%+9.0pp | -15.2%+0.6pp | -15.8% | N/A | N/A |
| Return on Assets | 5.1%+4.7pp | 0.4%+6.1pp | -5.7%+8.2pp | -13.8%+0.2pp | -14.1%+11.0pp | -25.0% | N/A |
| Current Ratio | 9.63+0.1x | 9.57-0.1x | 9.69-2.9x | 12.59+1.7x | 10.92+8.2x | 2.70 | N/A |
| Liabilities-to-Equity | 0.110.0x | 0.100.0x | 0.100.0x | 0.100.0x | 0.12 | N/A | N/A |
| Asset Turnover | 0.280.0x | 0.27+0.1x | 0.220.0x | 0.200.0x | 0.24-0.4x | 0.67 | N/A |
| FCF Margin | 23.0%-2.5pp | 25.5%+10.3pp | 15.2%+49.5pp | -34.3%+9.5pp | -43.8%-14.7pp | -29.1%+26.7pp | -55.8% |
Not reported in any period shown, so not listed: Debt-to-Equity.
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% | $1.0B | 67/100 |
| Progress Software Corp (DE) PRGS | FY2025 | $977.8M | $73.1M | 7.5% | $1.9B | 55/100 |
| Flywire Corporation FLYW | FY2025 | $623.0M | $13.5M | 2.2% | $2.4B | 56/100 |
| Rezolve AI PLC RZLV | FY2025 | $46.8M | -$101.4M | N/A | $612.8M | 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 liabilities-to-equity ratio?
Tuya Inc. (TUYA) had a liabilities-to-equity ratio of 0.11 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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 17.4x earnings, its market capitalization divided by $57.9M net income, FY2025. The market capitalization is $1.0B as of Oct 26, 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 3.1x sales, its market capitalization divided by $321.8M revenue, FY2025. The market capitalization is $1.0B as of Oct 26, 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 6.15, 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 the average 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.