TUYA on NYSE

Tuya Inc.

Tuya Inc. is a prepackaged software services company in the Cayman Islands.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$321.8MRevenue, fiscal 20252
$57.9MNet income, fiscal 20252

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  • TickerTUYA on NYSE1
  • IndustryServices-Prepackaged Software1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressFloor 7-12, Block A, Huace Center, Xihu District, Hangzhou, 000003
  • Filer categoryLarge accelerated filer3

We commenced our operations in June 2014 through Hangzhou Tuya Technology Co., Ltd., or Hangzhou Tuya Technology.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

48.2%Gross margin2
3.6%Operating margin2
18.0%Net margin2
7.8%Revenue growth, 20252
5.7%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

PaaS brought in 72% of the revenue Tuya Inc. broke down this way in fiscal 2025.

  1. PaaS$231.2M272%up 7% from 2024
  2. Smart Device Distribution$45.7M214%up 9% from 2024
  3. Saas And Others$44.9M214%up 13% from 2024
  4. Cloud-based Connectivity and Basic IoT Services$1.1M20%up 16% from 2024
Products and services by year
Products and services202320242025
PaaS$167.7M$217.1M$231.2M
Smart Device Distribution$26.5M$42.0M$45.7M
Saas And Others$35.8M$39.6M$44.9M
Cloud-based Connectivity and Basic IoT Services$1.2M$968.0K$1.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue52¢$166.8M
  • Research and development28¢$89.7M
  • Other costs2¢$5.5M
  • Income tax1¢$2.0M
  • Profit18¢$57.9M

Out of $321.8M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid86¢$69.8M
  • Share buybacks0¢$12.0K
  • Kept or used elsewhere14¢$11.2M

Out of $81.0M of cash from operations.2

Financial statements

Revenue56782$321.8M in 2025+204% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $105.8M$105.8M20192020: $179.9M$179.9M2020+70%2021: $302.1M$302.1M2021+68%2022: $208.2M$208.2M2022−31%2023: $230.0M$230.0M2023+10%2024: $298.6M$298.6M2024+30%2025: $321.8M$321.8M2025+8%
Gross profit56782$155.0M in 2025+458% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $27.8M$27.8M20192020: $61.9M$61.9M2020+123%2021: $127.9M$127.9M2021+106%2022: $89.4M$89.4M2022−30%2023: $106.7M$106.7M2023+19%2024: $141.4M$141.4M2024+33%2025: $155.0M$155.0M2025+10%
Operating income56782$11.5M in 2025
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2019: -$73.4M-$73.4M20192020: -$69.8M-$69.8M2020−5%2021: -$183.6M-$183.6M2021+163%2022: -$168.2M-$168.2M2022−8%2023: -$105.8M-$105.8M2023−37%2024: -$47.6M-$47.6M2024−55%2025: $11.5M$11.5M2025
Net income56782$57.9M in 2025
-$200.0M-$100.0M0$100.0M2019: -$70.5M-$70.5M20192020: -$66.9M-$66.9M2020−5%2021: -$175.4M-$175.4M2021+162%2022: -$146.2M-$146.2M2022−17%2023: -$60.3M-$60.3M2023−59%2024: $5.0M$5.0M20242025: $57.9M$57.9M2025+1058%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$321.8M$298.6M$230.0M
Cost of revenue-$166.8M-$157.2M-$123.3M
Gross profit$155.0M$141.4M$106.7M
Research and development expenses-$89.7M-$95.0M-$102.3M
Sales and marketing expenses-$33.1M-$37.1M-$40.4M
General and administrative expenses-$30.9M-$68.3M-$80.7M
Other operating incomes, net$10.2M$11.3M$10.9M
Total operating expenses-$143.6M-$189.1M-$212.5M
(Loss)/profit from operations$11.5M-$47.6M-$105.8M
Other non-operating incomes, net$5.2M$4.2M$3.1M
Financial income, net$44.2M$50.7M$45.0M
Foreign exchange gain/(loss), net-$1.0M-$136.0K$669.0K
(Loss)/profit before income tax expense$59.8M$7.1M-$57.1M
Income tax expense-$2.0M-$2.1M-$3.2M
Net (loss)/profit$57.9M$5.0M-$60.3M
Net (loss)/profit attributable to ordinary shareholders$57.9M$5.0M-$60.3M
Changes in fair value of long-term investments$115.0K$14.0K-$7.8M
Transfer out of fair value changes of long-term investments-$65.0K$15.5M
Foreign currency translation$4.8M-$2.6M-$2.7M
Total comprehensive (loss)/income attributable to Tuya Inc.$62.8M$2.4M-$55.3M
-Basic611.7M shares573.8M shares555.5M shares
-Diluted613.8M shares591.0M shares555.5M shares
-Basic$0.09$0.01-$0.11
-Diluted$0.09$0.01-$0.11

Compare Tuya Inc. with another company

Corporate structure

Tuya Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Tuya Inc.

  • Xueji Wang Filed SCHEDULE 13G/A on Tuya Inc., latest May 13, 2025 (2 filings since Feb 11, 2022)
  • New Enterprise Associates 14, L.P. Filed SCHEDULE 13G/A on Tuya Inc., latest Feb 14, 2025 (4 filings since Feb 15, 2022)
  • Anchor V Pte. Ltd. Filed SC 13G on Tuya Inc., latest Dec 4, 2024
  • Yaona Lin Filed SC 13G/A on Tuya Inc., latest Feb 1, 2024 (2 filings since Feb 11, 2022)
  • Liaohan Chen Filed SC 13G on Tuya Inc., latest Feb 11, 2022
  • Tuya Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Tuya Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$26.8M2 Dec 31, 2025$17.1M2 Dec 31, 2024+57.2%
Accumulated depreciation$11.2M2 Dec 31, 2025$10.4M2 Dec 31, 2024+6.9%
Property and equipment, net$15.7M2 Dec 31, 2025$6.6M2 Dec 31, 2024+136.5%
Operating-lease assets (leased space)$5.6M2 Dec 31, 2025$4.5M2 Dec 31, 2024+24.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$890.7M2 Dec 31, 2025$653.3M2 Dec 31, 2024+36.3%
Marketable securities, current$61.8M2 Dec 31, 2025$194.5M2 Dec 31, 2024−68.2%
Marketable securities, non-current$7.2M2 Dec 31, 2025$6.9M2 Dec 31, 2024+4.1%
Equity securities at fair value$2.9M2 Dec 31, 2025$2.1M2 Dec 31, 2024+38.8%
Long-term investments$77.2M2 Dec 31, 2025$180.1M2 Dec 31, 2024−57.1%
Loans, net of allowance$1.4M2 Dec 31, 2025$939.0K2 Dec 31, 2024+49.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$30.9M2 Dec 31, 2025$23.8M2 Dec 31, 2024+29.8%
Raw materials$23.9M2 Dec 31, 2025$18.7M2 Dec 31, 2024+27.9%
Work in process$3.3M2 Dec 31, 2025$3.5M2 Dec 31, 2024−7.4%
Finished goods$6.9M2 Dec 31, 2025$6.6M2 Dec 31, 2024+4.5%

Leadership

Who has led Tuya Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (5)

Calendar

Coming up

  1. Nov 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.02 a share, on Nov 24, 2025.14

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

221 filings to the SEC since October 2021: 5 annual reports, 16 insider forms, 10 large holders, 190 other. The latest 20:

  1. Oct 5, 20266-K EDGAR
  2. Sep 23, 20266-K EDGAR
  3. Sep 4, 20264/A EDGAR
  4. Sep 4, 20266-K EDGAR
  5. Aug 25, 20266-K EDGAR
  6. Aug 10, 20266-K EDGAR
  7. Aug 7, 20266-K EDGAR
  8. Aug 5, 20266-K EDGAR
  9. Jul 10, 20266-K EDGAR
  10. Jul 8, 20264 EDGAR
  11. Jul 8, 20263/A EDGAR
  12. Jul 6, 2026144 EDGAR
  13. Jun 18, 20266-K EDGAR
  14. Jun 4, 20266-K EDGAR
  15. May 20, 20266-K EDGAR
  16. May 18, 20264 EDGAR
  17. May 15, 20263/A EDGAR
  18. May 15, 20263/A EDGAR
  19. May 14, 20266-K EDGAR
  20. May 11, 20266-K EDGAR

The 221 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 67. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Anchor @ 65 Pte. Ltd.74,626,900$131.3M37.0%No change
FIL Ltd14,760,337$26.0M0.0%+3,470,840
Vanguard Capital Management LLC10,653,856$18.8M0.0%−1,062,144
Principal Financial Group Inc9,578,181$16.9M0.0%+798,038
BlackRock, Inc.6,128,712$10.8M0.0%+7,819
Manufacturers Life Insurance Company, The3,846,202$6.8M0.0%No change
Arrowstreet Capital, Limited Partnership3,240,740$5.7M0.0%−157,316
Vanguard Fiduciary Trust Co2,753,837$4.8M0.0%−309,932
Connor, Clark & Lunn Investment Management Ltd.2,341,596$4.1M0.0%−5,875
Hhlr Advisors, Ltd.1,564,400$2.8M0.3%No change
State Street Corp1,483,327$2.6M0.0%−8,103
D. E. Shaw & Co., Inc.1,467,653$2.6M0.0%−592,272
Nuveen, LLC1,295,664$2.3M0.0%−3,592,969
Triata Capital Ltd1,145,371$2.0M0.3%No change
Marshall Wace, Llp1,038,478$1.8M0.0%+81,573
Mackenzie Financial Corp877,076$1.5M0.0%+162,249
UBS Group AG507,896$893.9K0.0%+276,136
Northern Trust Corp502,494$884.4K0.0%−3,038
Public Employees Retirement System Of Ohio483,095$850.2K0.0%+142,440
Deutsche Bank Ag\436,843$768.8K0.0%+20,609
Morgan Stanley415,172$730.7K0.0%−368,654
Bank of New York Mellon Corp386,215$679.7K0.0%−7,754
Dimensional Fund Advisors LP337,653$594.3K0.0%+127,636
California Public Employees Retirement System317,236$558.3K0.0%+170,655
Jain Global LLC268,669$472.9K0.0%+119,010

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Tuya Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTuya Inc.1
  • CIK0001829118
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressFloor 7-12, Block A, Huace Center, Xihu District, Hangzhou, 00000, China1
  • Phone86 0571 8691 59811
  • Shares outstanding611,528,176 shares; 541,364,923 Common Class A shares; 259,961 American Depositary Share shares; 70,163,253 Common Class B shares as of Dec 31, 20254
  • AuditorPricewaterhouseCoopers Zhong Tian LLP, Shanghai, the People’s Republic of China PCAOB ID 1424; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJan 6, 20211
  • Filings245 in all: 6-K (168), CORRESP (16), UPLOAD (9), 3 (8), SC 13G (6), 20-F (5), 144 (4), 4 (4)1
    All 24 form types

    3/A (3), SC 13G/A (3), 424B5 (2), DRSLTR (2), F-1/A (2), S-8 (2), SCHEDULE 13G/A (2), 4/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), EFFECT (1), F-1 (1), F-3ASR (1)

  • Latest filingsAnnual report (20-F) Apr 22, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing one Class A ordinary share, par value US$0.00005 per shareTUYANew York Stock Exchange
Class A ordinary shares, par value US$0.00005 per share2391

From the cover page of the 20-F filed Apr 22, 2026 (Section 12(b) of the Exchange Act).4