NYSE : TUYA
Tuya Inc. — Financial statements
Technology · Software - Infrastructure · China
Last price 1.6 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 981.01M
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Financial statements
Tuya Inc. (TUYA) reported revenue of 340.79M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 340.79M | 321.79M | 298.62M | 229.99M | 208.17M | 302.08M |
| Cost of Revenue | 179.80M | 166.75M | 157.19M | 123.33M | 118.75M | 174.21M |
| Gross Profit | 160.99M | 155.04M | 141.43M | 106.66M | 89.42M | 127.87M |
| Selling, General & Admin | 54.32M | 64.03M | 105.33M | 121.10M | 123.17M | 146.97M |
| Research & Development | 89.60M | 89.69M | 95.05M | 102.28M | 144.94M | 174.29M |
| Other Operating Expenses | -11.55M | -10.15M | -11.33M | -10.90M | -10.51M | -9.84M |
| Operating Expenses | 132.37M | 143.56M | 189.05M | 212.48M | 257.61M | 311.43M |
| Operating Income | 28.62M | 11.48M | -47.62M | -105.82M | -168.19M | -183.56M |
| Interest & Investment Income | 40.27M | 43.38M | 50.42M | 49.74M | 22.90M | 8.04M |
| Currency Exchange Gain (Loss) | -4.68M | -1.03M | -136.00K | -4.02M | 274.00K | -544.00K |
| Other Non Operating Income (Expenses) | 4.91M | 5.21M | 4.18M | 3.11M | 2.90M | 1.96M |
| EBT Excluding Unusual Items | 69.12M | 59.04M | 6.85M | -56.99M | -142.11M | -174.10M |
| Gain (Loss) on Sale of Investments | 803.00K | 803.00K | 294.00K | -76.00K | -2.19M | -2.05M |
| Other Unusual Items | 1.22M | |||||
| Pretax Income | 69.92M | 59.84M | 7.14M | -57.07M | -144.29M | -174.93M |
| Income Tax Expense | 1.23M | 1.95M | 2.15M | 3.25M | 1.88M | 490.00K |
| Net Income | 68.70M | 57.89M | 5.00M | -60.31M | -146.18M | -175.42M |
| Net Income to Common | 68.70M | 57.89M | 5.00M | -60.31M | -146.18M | -175.42M |
| Shares Outstanding (Basic) | 615.30M | 611.71M | 573.78M | 555.47M | 553.53M | 489.15M |
| Shares Outstanding (Diluted) | 616.77M | 613.81M | 591.01M | 555.47M | 553.53M | 489.15M |
| EPS (Basic) | 0.11 | 0.09 | 0.01 | -0.11 | -0.26 | -0.36 |
| EPS (Diluted) | 0.11 | 0.09 | 0.01 | -0.11 | -0.26 | -0.36 |
| Free Cash Flow | 58.93M | 73.90M | 76.17M | 34.94M | -71.36M | -132.30M |
| Free Cash Flow Per Share | 0.10 | 0.12 | 0.13 | 0.06 | -0.13 | -0.27 |
| Dividend Per Share | 0.06 | 0.11 | 0.06 | |||
| Gross Margin | 47.24% | 48.18% | 47.36% | 46.37% | 42.96% | 42.33% |
| Operating Margin | 8.40% | 3.57% | -15.95% | -46.01% | -80.79% | -60.77% |
| Profit Margin | 20.16% | 17.99% | 1.67% | -26.22% | -70.22% | -58.07% |
| Free Cash Flow Margin | 17.29% | 22.97% | 25.51% | 15.19% | -34.28% | -43.80% |
| EBITDA | 29.65M | 12.70M | -46.02M | -103.38M | -164.74M | -180.19M |
| EBITDA Margin | 8.70% | 3.94% | -15.41% | -44.95% | -79.14% | -59.65% |
| D&A For EBITDA | 1.03M | 1.22M | 1.60M | 2.45M | 3.44M | 3.37M |
| EBIT | 28.62M | 11.48M | -47.62M | -105.82M | -168.19M | -183.56M |
| EBIT Margin | 8.40% | 3.57% | -15.95% | -46.01% | -80.79% | -60.77% |
| Effective Tax Rate | 1.75% | 3.26% | 30.03% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 871.70M | 890.71M | 653.33M | 498.69M | 133.16M | 963.94M |
| Short-Term Investments | 108.17M | 61.77M | 194.54M | 291.02M | 821.13M | 102.13M |
| Cash & Short-Term Investments | 979.88M | 952.48M | 847.87M | 789.71M | 954.29M | 1.07B |
| Accounts Receivable | 25.33M | 23.30M | 15.08M | 14.17M | 14.94M | 34.09M |
| Other Receivables | 8.11M | 6.13M | 3.77M | 1.39M | 919.00K | |
| Receivables | 25.33M | 31.42M | 22.71M | 17.93M | 16.33M | 35.01M |
| Inventory | 63.84M | 30.94M | 23.84M | 32.87M | 45.38M | 62.58M |
| Restricted Cash | 8.00K | 50.00K | 638.00K | |||
| Other Current Assets | 29.20M | 8.37M | 8.55M | 7.29M | 7.36M | 26.96M |
| Total Current Assets | 1.10B | 1.02B | 903.02M | 847.80M | 1.02B | 1.19B |
| Property, Plant & Equipment | 44.15M | 21.30M | 11.17M | 10.24M | 13.56M | 28.99M |
| Long-Term Investments | 12.93M | 77.21M | 180.09M | 207.49M | 18.03M | 26.08M |
| Other Intangible Assets | 9.03M | 8.84M | 8.82M | |||
| Other Long-Term Assets | 1.24M | 1.95M | 678.00K | 877.00K | 1.18M | 1.82M |
| Total Assets | 1.17B | 1.13B | 1.10B | 1.07B | 1.06B | 1.25B |
| Accounts Payable | 36.78M | 31.78M | 19.05M | 11.58M | 9.60M | 12.21M |
| Accrued Expenses | 32.99M | 29.13M | 25.90M | 25.52M | 23.96M | 43.44M |
| Current Portion of Leases | 3.67M | 1.99M | 3.80M | 3.88M | 3.85M | 5.70M |
| Current Income Taxes Payable | 101.00K | 142.00K | 360.00K | 689.00K | 1.80M | |
| Current Unearned Revenue | 52.12M | 39.06M | 38.87M | 38.58M | 34.45M | 40.34M |
| Other Current Liabilities | 4.13M | 6.36M | 7.28M | 9.42M | 5.61M | |
| Total Current Liabilities | 125.65M | 106.23M | 94.34M | 87.53M | 81.28M | 109.10M |
| Long-Term Leases | 5.65M | 3.33M | 851.00K | 3.90M | 5.29M | 16.05M |
| Long-Term Unearned Revenue | 720.00K | 352.00K | 377.00K | 506.00K | 394.00K | 859.00K |
| Other Long-Term Liabilities | 5.94M | 767.00K | 3.89M | 7.00M | 8.48M | |
| Total Liabilities | 137.96M | 109.91M | 96.33M | 95.83M | 93.97M | 134.49M |
| Common Stock | 31.00K | 31.00K | 29.00K | 29.00K | 29.00K | 29.00K |
| Additional Paid-In Capital | 1.51B | 1.55B | 1.61B | 1.62B | 1.58B | 1.53B |
| Retained Earnings | -477.55M | -511.96M | -569.85M | -574.85M | -514.07M | -367.90M |
| Treasury Stock | -1.22M | -12.00K | -15.73M | -53.63M | -86.44M | -46.93M |
| Comprehensive Income & Other | -6.74M | -14.84M | -19.72M | -17.09M | -22.11M | 2.32M |
| Total Common Equity | 1.03B | 1.02B | 1.01B | 970.57M | 962.17M | 1.11B |
| Shareholders' Equity | 1.03B | 1.02B | 1.01B | 970.57M | 962.17M | 1.11B |
| Total Liabilities & Equity | 1.17B | 1.13B | 1.10B | 1.07B | 1.06B | 1.25B |
| Total Debt | 9.32M | 5.31M | 4.65M | 7.79M | 9.14M | 21.75M |
| Net Cash (Debt) | 970.56M | 947.16M | 843.22M | 781.92M | 945.15M | 1.04B |
| Net Cash Per Share | 1.57 | 1.54 | 1.43 | 1.41 | 1.71 | 2.13 |
| Filing Date Shares Outstanding | 615.53M | 611.28M | 565.81M | 557.80M | 552.95M | 559.64M |
| Total Common Shares Outstanding | 615.53M | 611.28M | 565.81M | 557.80M | 552.95M | 559.64M |
| Working Capital | 972.61M | 916.98M | 808.68M | 760.26M | 942.08M | 1.08B |
| Book Value Per Share | 1.67 | 1.67 | 1.78 | 1.74 | 1.74 | 1.99 |
| Tangible Book Value | 1.02B | 1.01B | 998.62M | 970.57M | 962.17M | 1.11B |
| Tangible Book Value Per Share | 1.65 | 1.66 | 1.76 | 1.74 | 1.74 | 1.99 |
| Machinery | 9.34M | 8.23M | 7.58M | 7.74M | 8.98M | |
| Construction In Progress | 12.07M | 4.18M | 59.00K | |||
| Leasehold Improvements | 4.15M | 3.64M | 3.57M | 3.39M | 3.09M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 68.70M | 57.89M | 5.00M | -60.31M | -146.18M | -175.42M |
| Depreciation & Amortization | 5.18M | 5.18M | 5.07M | 6.55M | 8.21M | 10.35M |
| Loss (Gain) From Sale of Assets | 17.00K | 17.00K | 43.00K | -221.00K | -219.00K | 365.00K |
| Loss (Gain) From Sale of Investments | 4.52M | 4.52M | -566.00K | 14.92M | -5.28M | 833.00K |
| Stock-Based Compensation | 22.26M | 22.26M | 67.75M | 65.22M | 69.02M | 66.09M |
| Provision & Write-off of Bad Debts | -637.00K | -637.00K | 1.24M | 1.59M | 288.00K | 1.03M |
| Other Operating Activities | -23.69M | 2.09M | 2.13M | 2.63M | 1.63M | 2.42M |
| Change in Accounts Receivable | -4.88M | -4.88M | 484.00K | 1.05M | 20.24M | -23.43M |
| Change in Inventory | -8.16M | -8.16M | 7.03M | 9.22M | 13.13M | -22.12M |
| Change in Accounts Payable | 9.56M | 9.56M | 5.92M | 1.98M | -2.62M | -10.95M |
| Change in Unearned Revenue | 166.00K | 166.00K | 164.00K | 4.24M | -6.35M | 9.95M |
| Change in Income Taxes | -218.00K | -218.00K | -329.00K | 689.00K | -159.00K | |
| Change in Other Net Operating Assets | -6.75M | -6.75M | -13.57M | -11.10M | -22.53M | 14.94M |
| Operating Cash Flow | 66.07M | 81.04M | 80.35M | 36.44M | -70.65M | -126.10M |
| Capital Expenditures | -7.14M | -7.14M | -4.18M | -1.50M | -710.00K | -6.19M |
| Sale of Property, Plant & Equipment | 16.00K | 16.00K | 163.00K | 509.00K | 464.00K | 28.00K |
| Sale (Purchase) of Intangibles | -8.91M | |||||
| Investment in Securities | 231.60M | 231.60M | 121.86M | 333.44M | -715.48M | -104.49M |
| Other Investing Activities | -73.25M | 1.50M | ||||
| Investing Cash Flow | 152.73M | 225.98M | 107.43M | 332.45M | -714.23M | -112.96M |
| Issuance of Common Stock | 2.00K | 2.00K | 168.00K | 1.19M | 10.10M | 1.11B |
| Repurchase of Common Stock | -24.00K | -24.00K | -70.00K | -3.34M | -48.68M | -64.00M |
| Common Dividends Paid | -69.85M | -69.85M | -33.02M | |||
| Other Financing Activities | -1.79M | -276.00K | -71.00K | |||
| Financing Cash Flow | -71.66M | -69.87M | -33.20M | -2.22M | -38.58M | 1.04B |
| Foreign Exchange Rate Adjustments | 760.00K | 420.00K | 116.00K | -1.15M | -7.95M | 2.88M |
| Net Cash Flow | 147.89M | 237.57M | 154.70M | 365.53M | -831.41M | 805.62M |
| Free Cash Flow | 58.93M | 73.90M | 76.17M | 34.94M | -71.36M | -132.30M |
| Free Cash Flow Margin | 17.29% | 22.97% | 25.51% | 15.19% | -34.28% | -43.80% |
| Free Cash Flow Per Share | 0.10 | 0.12 | 0.13 | 0.06 | -0.13 | -0.27 |
| Levered Free Cash Flow | 436.38K | 25.60M | 39.78M | 21.33M | 1.56M | -83.61M |
| Unlevered Free Cash Flow | 436.38K | 25.60M | 39.78M | 21.33M | 1.56M | -83.61M |
| Cash Income Tax Paid | 2.53M | 2.53M | 2.69M | 2.82M | 843.00K | 616.00K |
| Change in Working Capital | -10.29M | -10.29M | -313.00K | 6.07M | 1.88M | -31.77M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 981.01M | 1.27B | 1.00B | 1.28B | 1.05B | 3.50B |
| Enterprise Value | 10.45M | 318.03M | 195.10M | 504.02M | 117.94M | 2.34B |
| Last Close Price | 1.60 | 2.06 | 1.68 | 2.08 | 1.73 | 5.65 |
| PE Ratio | 14.56 | 21.98 | 200.55 | |||
| Forward PE | 12.55 | 16.55 | 14.92 | 55.69 | ||
| PS Ratio | 2.88 | 3.95 | 3.36 | 5.55 | 5.06 | 11.58 |
| PB Ratio | 0.96 | 1.24 | 0.99 | 1.31 | 1.09 | 3.14 |
| P/TBV Ratio | 0.96 | 1.25 | 1.00 | 1.31 | 1.09 | 3.14 |
| P/FCF Ratio | 16.65 | 17.21 | 13.16 | 36.52 | ||
| P/OCF Ratio | 14.85 | 15.70 | 12.47 | 35.02 | ||
| EV/Sales Ratio | 0.03 | 0.99 | 0.65 | 2.19 | 0.57 | 7.73 |
| EV/EBITDA Ratio | 0.35 | 25.05 | ||||
| EV/EBIT Ratio | 0.36 | 27.70 | ||||
| EV/FCF Ratio | 0.18 | 4.30 | 2.56 | 14.42 | ||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Debt / EBITDA Ratio | 0.31 | 0.42 | ||||
| Debt / FCF Ratio | 0.16 | 0.07 | 0.06 | 0.22 | ||
| Net Debt / Equity Ratio | -0.94 | -0.93 | -0.84 | -0.81 | -0.98 | -0.94 |
| Net Debt / EBITDA Ratio | -32.73 | -74.60 | 18.32 | 7.56 | 5.74 | 5.80 |
| Net Debt / FCF Ratio | -16.47 | -12.82 | -11.07 | -22.38 | 13.24 | 7.89 |
| Asset Turnover | 0.30 | 0.29 | 0.28 | 0.22 | 0.18 | 0.40 |
| Inventory Turnover | 4.25 | 6.09 | 5.54 | 3.15 | 2.20 | 3.32 |
| Quick Ratio | 8.00 | 9.26 | 9.21 | 9.23 | 11.94 | 10.09 |
| Current Ratio | 8.74 | 9.63 | 9.57 | 9.69 | 12.59 | 10.92 |
| Return on Equity (ROE) | 6.74% | 5.70% | 0.51% | -6.24% | -14.08% | -27.35% |
| Return on Assets (ROA) | 1.58% | 0.64% | -2.74% | -6.23% | -9.12% | -15.14% |
| Return on Invested Capital (ROIC) | 46.17% | 9.27% | -18.88% | -56.10% | -264.75% | |
| Return on Capital Employed (ROCE) | 2.80% | 1.10% | -4.70% | -10.80% | -17.30% | -16.10% |
| Earnings Yield | 6.87% | 4.55% | 0.50% | -4.73% | -13.88% | -5.01% |
| FCF Yield | 6.01% | 5.81% | 7.60% | 2.74% | -6.77% | -3.78% |
| Dividend Yield | 3.78% | 5.50% | 3.43% | |||
| Payout Ratio | 55.05% | 120.66% | 660.84% | |||
| Buyback Yield / Dilution | -0.04% | -3.86% | -6.40% | -0.35% | -13.16% | -120.36% |
| Total Shareholder Return | 3.74% | 1.64% | -2.96% | -0.35% | -13.16% | -120.36% |