TUYA on NYSE
Tuya Inc.
Prepackaged software services company in the Cayman Islands. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Domo, MARKETWISE, INC. or Inspired Entertainment, Inc., or pick any stock.
- 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
See how the biggest companies compare on our leaderboards
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.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 |
| -Basic | 611.7M shares | 573.8M shares | 555.5M shares |
| -Diluted | 613.8M shares | 591.0M shares | 555.5M shares |
| -Basic | $0.09 | $0.01 | -$0.11 |
| -Diluted | $0.09 | $0.01 | -$0.11 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 8 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $890.7M | $653.3M | $498.7M | ||
| Restricted cash | $50.0K | ||||
| Short-term investments | $61.8M | $194.5M | |||
| Accounts receivable, net | $13.2M | $7.6M | |||
| Notes receivable, net | $10.1M | $7.5M | |||
| Inventories, net | $30.9M | $23.8M | |||
| Prepayments and other current assets, net | $16.5M | $16.2M | |||
| Total current assets | $1.0B | $903.0M | |||
| Restricted cash | $245.0K | ||||
| Property, equipment and software, net | $15.7M | $6.6M | |||
| Land use rights, net | $8.8M | $8.8M | |||
| Operating lease right-of-use assets, net | $5.6M | $4.5M | |||
| Long-term investments | $77.2M | $180.1M | |||
| Other non-current assets, net | $1.7M | $678.0K | |||
| Total non-current assets | $109.3M | $200.8M | |||
| Total assets | $1.1B | $1.1B | |||
| Accounts payable | $31.8M | $19.1M | |||
| Advances from customers | $29.3M | $31.3M | |||
| Deferred revenue, current | $9.7M | $7.5M | |||
| Accruals and other current liabilities | $33.3M | $32.3M | |||
| Income tax payables | $142.0K | $360.0K | |||
| Lease liabilities, current | $2.0M | $3.8M | |||
| Total current liabilities | $106.2M | $94.3M | |||
| Lease liabilities, non-current | $3.3M | $851.0K | |||
| Deferred revenue, non-current | $352.0K | $377.0K | |||
| Other non-current liabilities | $767.0K | ||||
| Total liabilities | $109.9M | $96.3M | |||
| Treasury stock (US$0.00005 par value; 8,785,711 and 245,361 shares as of December 31, 2024 and 2025, respectively) | -$12.0K | -$15.7M | |||
| Additional paid-in capital | $1.5B | $1.6B | |||
| Accumulated other comprehensive loss | -$14.8M | -$19.7M | |||
| Accumulated deficit | -$512.0M | -$569.9M | |||
| Total shareholders' equity | $1.0B | $1.0B | $970.6M | $962.2M | |
| Total liabilities and shareholders' equity | $1.1B | $1.1B | |||
| Non-current liabilities | $3.7M | $2.0M | |||
| Ordinary shares, par value | $0.00 | $0.00 | $0.00 | ||
| Ordinary shares, shares authorized | 0 shares | 0 shares | 1.0B shares | ||
| Ordinary shares, shares issued | 0 shares | 0 shares | 0 shares | ||
| Ordinary shares, shares outstanding | 0 shares | 0 shares | |||
| Treasury stock, par value | $0.00 | $0.00 | |||
| Treasury stock (in shares) | 245.4K shares | 8.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-03-31 | 2020-12-31 | 2019-12-31 | 2014-08-31 |
|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $890.7M | $653.3M | $498.7M | |||||
| Restricted cash | $50.0K | |||||||
| Short-term investments | $61.8M | $194.5M | ||||||
| Accounts receivable, net | $13.2M | $7.6M | ||||||
| Notes receivable, net | $10.1M | $7.5M | ||||||
| Inventories, net | $30.9M | $23.8M | ||||||
| Prepayments and other current assets, net | $16.5M | $16.2M | ||||||
| Total current assets | $1.0B | $903.0M | ||||||
| Restricted cash | $245.0K | |||||||
| Property, equipment and software, net | $15.7M | $6.6M | ||||||
| Land use rights, net | $8.8M | $8.8M | ||||||
| Operating lease right-of-use assets, net | $5.6M | $4.5M | ||||||
| Long-term investments | $77.2M | $180.1M | ||||||
| Other non-current assets, net | $1.7M | $678.0K | ||||||
| Total non-current assets | $109.3M | $200.8M | ||||||
| Total assets | $1.1B | $1.1B | ||||||
| Accounts payable | $31.8M | $19.1M | ||||||
| Advances from customers | $29.3M | $31.3M | ||||||
| Deferred revenue, current | $9.7M | $7.5M | ||||||
| Accruals and other current liabilities | $33.3M | $32.3M | ||||||
| Income tax payables | $142.0K | $360.0K | ||||||
| Lease liabilities, current | $2.0M | $3.8M | ||||||
| Total current liabilities | $106.2M | $94.3M | ||||||
| Lease liabilities, non-current | $3.3M | $851.0K | ||||||
| Deferred revenue, non-current | $352.0K | $377.0K | ||||||
| Other non-current liabilities | $767.0K | |||||||
| Total liabilities | $109.9M | $96.3M | ||||||
| Treasury stock (US$0.00005 par value; 8,785,711 and 245,361 shares as of December 31, 2024 and 2025, respectively) | -$12.0K | -$15.7M | ||||||
| Additional paid-in capital | $1.5B | $1.6B | ||||||
| Accumulated other comprehensive loss | -$14.8M | -$19.7M | ||||||
| Accumulated deficit | -$512.0M | -$569.9M | ||||||
| Total shareholders' equity | $1.0B | $1.0B | $970.6M | $962.2M | ||||
| Total liabilities and shareholders' equity | $1.1B | $1.1B | ||||||
| Non-current liabilities | $3.7M | $2.0M | ||||||
| Ordinary shares, par value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Ordinary shares, shares authorized | 0 shares | 0 shares | 1.0B shares | 1.0B shares | ||||
| Ordinary shares, shares issued | 0 shares | 0 shares | 0 shares | 222.0M shares | 222.0M shares | |||
| Ordinary shares, shares outstanding | 0 shares | 0 shares | 222.0M shares | 222.0M shares | ||||
| Treasury stock, par value | $0.00 | $0.00 | ||||||
| Treasury stock (in shares) | 245.4K shares | 8.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss)/profit | $57.9M | $5.0M | -$60.3M |
| Share-based compensation | $22.3M | $67.8M | $65.2M |
| Depreciation and amortization of property, equipment and software | $1.2M | $1.6M | $2.4M |
| Amortization of right-of-use assets | $4.0M | $3.5M | $4.1M |
| Allowance for credit losses/(reversal) of allowance for credit losses | -$637.0K | $1.2M | $1.6M |
| Inventory write-downs | $1.1M | $2.0M | $3.3M |
| (Gain)/loss on disposal of property, equipment and software | $17.0K | $43.0K | -$221.0K |
| Gain on disposal of long-term investment | -$451.0K | ||
| (Gain)/loss on foreign currency exchange rates | $1.0M | $136.0K | -$669.0K |
| Change in unrealized investment income | $5.4M | -$533.0K | -$697.0K |
| Fair value change on short-term and long-term investments | -$807.0K | $157.0K | $76.0K |
| Impairment loss/(reversal) of long-term investments | -$53.0K | $261.0K | $15.5M |
| Accounts receivable | -$4.9M | $484.0K | $1.0M |
| Notes receivable | -$2.7M | -$2.6M | -$2.3M |
| Inventories | -$8.2M | $7.0M | $9.2M |
| Prepayments and other current assets | -$1.8M | -$3.9M | -$1.3M |
| Other non-current assets | $1.0K | $203.0K | $290.0K |
| Accounts payable | $9.6M | $5.9M | $2.0M |
| Advances from customers | -$2.0M | -$430.0K | $4.1M |
| Deferred revenue | $2.2M | $594.0K | $93.0K |
| Income tax payables | -$218.0K | -$329.0K | $689.0K |
| Accruals and other liabilities | $2.9M | -$564.0K | -$1.4M |
| Lease liabilities | -$4.4M | -$3.5M | -$3.4M |
| Other non-current liabilities | -$767.0K | -$3.1M | -$3.1M |
| Net cash generated from operating activities | $81.0M | $80.4M | $36.4M |
| Payment for short-term investments | -$50.6M | -$264.7M | -$327.2M |
| Proceeds from disposal of short-term investments | $184.3M | $354.5M | $853.7M |
| Proceeds from disposal of long-term investments | $98.9M | $43.2M | |
| Purchase of property, equipment and software | -$7.1M | -$4.2M | -$1.5M |
| Purchase of land use rights | -$8.9M | ||
| Proceeds from disposal of property, equipment and software | $16.0K | $163.0K | $509.0K |
| Payment for long-term investments | -$11.2M | -$193.0M | |
| Pre-payment for long-term investments | -$1.0M | ||
| Provision of third-party loans | -$1.5M | ||
| Proceeds from collection of third-party loans | $1.5M | ||
| Net cash generated from investing activities | $226.0M | $107.4M | $332.5M |
| Payment for repurchase of ordinary shares | -$12.0K | -$70.0K | -$3.3M |
| Payment for cancellation of treasury shares | -$12.0K | ||
| Proceeds from exercise of share options | $2.0K | $168.0K | $1.2M |
| Payments of deferred offering costs | -$276.0K | -$71.0K | |
| Payments of dividend | -$69.8M | -$33.0M | |
| Net cash used in financing activities | -$69.9M | -$33.2M | -$2.2M |
| Effect of exchange rate changes on cash and cash equivalents, restricted cash | $420.0K | $116.0K | -$1.1M |
| Net increase in cash and cash equivalents, restricted cash | $237.6M | $154.7M | $365.5M |
| Cash paid for income tax | -$2.5M | -$2.7M | -$2.8M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Tuya Inc., and when. Pick a name to see everywhere that person has worked.
President
- PresidentLiaohan Chen Mar 18, 2026 to now9
Board members and other officers (5)
- Board memberChangheng Qiu Mar 18, 2026 to now10
- Board memberLiaohan Chen Mar 18, 2026 to now9
- Board memberMeng Xiong Kuok Mar 18, 2026 to now11
- Board memberPak Tung Jason Yip Mar 18, 2026 to now12
- Board memberSidney Xuande Huang Mar 18, 2026 to now13
Filings
221 filings to the SEC since October 2021: 5 annual reports, 16 insider forms, 10 large holders, 190 other. The latest 20:
- Oct 5, 20266-K EDGAR
- Sep 23, 20266-K EDGAR
- Sep 4, 20264/A EDGAR
- Sep 4, 20266-K EDGAR
- Aug 25, 20266-K EDGAR
- Aug 10, 20266-K EDGAR
- Aug 7, 20266-K EDGAR
- Aug 5, 20266-K EDGAR
- Jul 10, 20266-K EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20263/A EDGAR
- Jul 6, 2026144 EDGAR
- Jun 18, 20266-K EDGAR
- Jun 4, 20266-K EDGAR
- May 20, 20266-K EDGAR
- May 18, 20264 EDGAR
- May 15, 20263/A EDGAR
- May 15, 20263/A EDGAR
- May 14, 20266-K EDGAR
- 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.
- Xueji WangSCHEDULE 13G/A, 2 filings Feb 11, 2022 to May 13, 202514
- New Enterprise Associates 14, L.P.SCHEDULE 13G/A, 4 filings Feb 15, 2022 to Feb 14, 202515
- Anchor V Pte. Ltd.SC 13G, 1 filing Dec 4, 202416
- Yaona LinSC 13G/A, 2 filings Feb 11, 2022 to Feb 1, 202417
- Liaohan ChenSC 13G, 1 filing Feb 11, 202218
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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Anchor @ 65 Pte. Ltd. | 74,626,900 | $131.3M | 37.0% | No change |
| FIL Ltd | 14,760,337 | $26.0M | 0.0% | +3,470,840 |
| Vanguard Capital Management LLC | 10,653,856 | $18.8M | 0.0% | −1,062,144 |
| Principal Financial Group Inc | 9,578,181 | $16.9M | 0.0% | +798,038 |
| BlackRock, Inc. | 6,128,712 | $10.8M | 0.0% | +7,819 |
| Manufacturers Life Insurance Company, The | 3,846,202 | $6.8M | 0.0% | No change |
| Arrowstreet Capital, Limited Partnership | 3,240,740 | $5.7M | 0.0% | −157,316 |
| Vanguard Fiduciary Trust Co | 2,753,837 | $4.8M | 0.0% | −309,932 |
| Connor, Clark & Lunn Investment Management Ltd. | 2,341,596 | $4.1M | 0.0% | −5,875 |
| Hhlr Advisors, Ltd. | 1,564,400 | $2.8M | 0.3% | No change |
| State Street Corp | 1,483,327 | $2.6M | 0.0% | −8,103 |
| D. E. Shaw & Co., Inc. | 1,467,653 | $2.6M | 0.0% | −592,272 |
| Nuveen, LLC | 1,295,664 | $2.3M | 0.0% | −3,592,969 |
| Triata Capital Ltd | 1,145,371 | $2.0M | 0.3% | No change |
| Marshall Wace, Llp | 1,038,478 | $1.8M | 0.0% | +81,573 |
| Mackenzie Financial Corp | 877,076 | $1.5M | 0.0% | +162,249 |
| UBS Group AG | 507,896 | $893.9K | 0.0% | +276,136 |
| Northern Trust Corp | 502,494 | $884.4K | 0.0% | −3,038 |
| Public Employees Retirement System Of Ohio | 483,095 | $850.2K | 0.0% | +142,440 |
| Deutsche Bank Ag\ | 436,843 | $768.8K | 0.0% | +20,609 |
| Morgan Stanley | 415,172 | $730.7K | 0.0% | −368,654 |
| Bank of New York Mellon Corp | 386,215 | $679.7K | 0.0% | −7,754 |
| Dimensional Fund Advisors LP | 337,653 | $594.3K | 0.0% | +127,636 |
| California Public Employees Retirement System | 317,236 | $558.3K | 0.0% | +170,655 |
| Jain Global LLC | 268,669 | $472.9K | 0.0% | +119,010 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARTuya Inc. filings on SEC EDGAR
- 2SEC EDGARTuya Inc. 10-K for fiscal 2025
- 3SEC EDGARTuya Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARTuya Inc. 10-K for fiscal 2019
- 6SEC EDGARTuya Inc. 10-K for fiscal 2020
- 7SEC EDGARTuya Inc. 10-K for fiscal 2021
- 8SEC EDGARTuya Inc. 10-K for fiscal 2022
- 9SEC EDGARLiaohan Chen, President
- 10SEC EDGARChangheng Qiu, Board member
- 11SEC EDGARMeng Xiong Kuok, Board member
- 12SEC EDGARPak Tung Jason Yip, Board member
- 13SEC EDGARSidney Xuande Huang, Board member
- 14
- 15
- 16
- 17SEC EDGARYaona Lin SC 13G/A on Tuya Inc.
- 18SEC EDGARLiaohan Chen SC 13G on Tuya Inc.