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Tuya Inc
NYSE:TUYA

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Tuya Inc
NYSE:TUYA
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Price: 2.25 USD -1.75% Market Closed
Market Cap: 1.4B USD

Tuya Inc
Investor Relations

Tuya, Inc. provides smart cloud service and IoT-related software and hardware solutions. The company is headquartered in Hangzhou, Zhejiang. The company went IPO on 2021-03-18. This platform delivers Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). Its IoT PaaS offering enables businesses and developers to develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to deploy, connect, and manage smart devices. For example, Its Smart Hotel SaaS solution allows hotel managers to monitor from a single control point different aspects of hotel services, such as housekeeping, guest traffic control, property surveillance and maintenance. The company also offers cloud-based value-added services. Its multi-cloud platform allows customers to switch among cloud infrastructure providers and integrates third-party technologies to make smart devices more intelligent. Its products are used in the field like smart home, smart business, healthcare, education and agriculture.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 25, 2025
AI Summary
Q3 2025

Revenue Growth: Tuya reported revenue of $82.5 million for Q3 2025, up 1.1% year-over-year and marking its ninth consecutive quarter of year-over-year growth.

Profitability: GAAP net margin reached 18.2%, expanding by 23.6 percentage points year-over-year. Gross margin stayed strong at 48.3%.

AI Integration: Over 93% of shipped products in Q3 had AI capabilities. Tuya is preparing to launch a new AI home assistant at CES next month.

Expense Control: Operating expenses dropped 34.1% year-over-year to $36 million, helping drive improved margins.

Strong Cash Position: Operating net cash flow rose 25.7% year-over-year to $30 million, with net cash balance exceeding $1 billion.

Mixed Demand Outlook: Management sees cautious consumer demand in Q4 2025 due to macro uncertainties, but expects a positive long-term outlook and stronger growth in 2026 as AI adoption expands.

Key Financials
Revenue
$82.5 million
Gross Margin
48.3%
Gross Profit
$39.8 million
GAAP Net Margin
18.2%
Operating Expenses
$36 million
Operating Cash Flow
$30 million
Net Cash Balance
above $1 billion
PaaS Revenue
$59.2 million
SaaS and Other Revenue
$11.5 million
Smart Solutions Revenue
$11.8 million
SaaS and Other Gross Margin
70.8%
Smart Solutions Gross Margin
23.8%
PaaS Gross Margin
48.8%
Non-GAAP Net Margin
24.4%
Number of PaaS Premium Customers
280
Registered Developers
1.62 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Xueji Wang
Founder, Co-Chairman & CEO
No Bio Available
Mr. Liaohan Chen
Founder, Co-Chairman & President
No Bio Available
Mr. Yi Yang
Co-founder, COO, CFO & Director
No Bio Available
Mr. Reg Chai
Investor Relations Director
No Bio Available
Ms. King Yin Tang
Company Secretary
No Bio Available

Contacts

Address
ZHEJIANG
Hangzhou
Floor 7-12, Block A, Huace Center, Xihu District
Contacts
+8657186915981.0
www.tuya.com