TUYA (Tuya Inc.) Stock Financials & Earnings | Market Cap Arena

TUYA (Tuya Inc.) Stock Financials & Earnings | Market Cap Arena

TUYATuya Inc.

Mkt Cap$2B

Technology·Software - Infrastructure·🇨🇳 China·NYSE

Revenue (TTM)$322M

Net Income (TTM)$58M

EPS (TTM)$0.09

Free Cash Flow (TTM)$0

Gross Margin48.2%

Op. Margin1.8%

Net Margin18.0%

FCF Margin0.0%

P/S Ratio (TTM)4.8x

P/E Ratio (TTM)26.5x

YoY Rev Growth+7.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$47M	$21M	-$32M
Q2 23	$57M	$27M	-$31M
Q3 23	$61M	$29M	-$18M
Q4 23	$64M	$30M	-$24M
Q1 24	$62M	$29M	-$16M
Q2 24	$73M	$35M	-$10M
Q3 24	$82M	$38M	-$17M
Q4 24	$82M	$39M	-$4M
Q1 25	$75M	$36M	-$1M
Q2 25	$80M	$39M	$1M
Q3 25	$83M	$40M	$541K
Q4 25	$85M	$40M	$5M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.7x	—
Q2 23	7.9x	—
Q3 23	7.3x	—
Q4 23	6.7x	—
Q1 24	6.3x	—
Q2 24	5.9x	—
Q3 24	5.5x	—
Q4 24	5.1x	307.2x
Q1 25	4.9x	78.5x
Q2 25	4.8x	52.8x
Q3 25	4.8x	31.7x
Q4 25	4.8x	26.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$14M	$0
Q4 22	-$138K	$0
Q1 23	-$19M	$0
Q2 23	$7M	$0
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$14M	$0
Q2 24	$12M	$0
Q3 24	$24M	$0
Q4 24	$30M	$0
Q1 25	$9M	$0
Q2 25	$18M	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q3 22	$14M
Q4 22	$138K
Q1 23	$19M
Q2 23	$7M
Q3 23	$0
Q4 23	$0
Q1 24	$14M
Q2 24	$12M
Q3 24	$24M
Q4 24	$30M
Q1 25	$9M
Q2 25	$18M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-14.2%	-28.0%
Q2 23	-8.9%	-13.3%
Q3 23	+35.7%	-6.9%
Q4 23	+42.2%	+12.7%
Q1 24	+29.9%	-2.2%
Q2 24	+28.6%	-5.4%
Q3 24	+33.6%	+24.1%
Q4 24	+27.4%	-2.5%
Q1 25	+21.1%	-2.4%
Q2 25	+9.3%	-5.5%
Q3 25	+1.2%	-16.9%
Q4 25	+3.4%	-7.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$28M	$17M	$10M	—
Q2 23	$26M	$26M	$8M	—
Q3 23	$25M	$16M	$9M	—
Q4 23	$23M	$24M	$11M	—
Q1 24	$23M	$15M	$9M	—
Q2 24	$23M	$17M	$9M	—
Q3 24	$25M	$22M	$10M	—
Q4 24	$24M	$14M	$9M	—
Q1 25	$23M	$9M	$8M	—
Q2 25	$22M	$9M	$8M	—
Q3 25	$23M	$8M	$8M	—
Q4 25	$22M	—	—	$13M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	-14.2%	-66.2%	-80.4
Q2 23	-8.9%	-54.0%	-62.8
Q3 23	35.7%	-28.9%	6.9
Q4 23	42.2%	-35.7%	6.5
Q1 24	29.9%	-25.6%	4.3
Q2 24	28.6%	-14.1%	14.4
Q3 24	33.6%	-20.2%	13.4
Q4 24	27.4%	-4.6%	22.8
Q1 25	21.1%	-1.9%	19.2
Q2 25	9.3%	1.4%	10.7
Q3 25	1.2%	18.5%	19.7
Q4 25	3.4%	6.4%	9.8

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$75M	$863M	$938M
Q2 23	$86M	$856M	$942M
Q3 23	$166M	$613M	$779M
Q4 23	$499M	$291M	$790M
Q1 24	$530M	$262M	$791M
Q2 24	$615M	$175M	$790M
Q3 24	$611M	$201M	$812M
Q4 24	$653M	$195M	$848M
Q1 25	$764M	$90M	$854M
Q2 25	$724M	$110M	$834M
Q3 25	$845M	$112M	$958M
Q4 25	$891M	$62M	$952M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	554M	-0.0%
Q2 23	555M	+0.2%
Q3 23	556M	+0.2%
Q4 23	557M	+0.2%
Q1 24	559M	+0.4%
Q2 24	593M	+6.0%
Q3 24	570M	-3.9%
Q4 24	590M	+3.5%
Q1 25	608M	+3.2%
Q2 25	610M	+0.3%
Q3 25	614M	+0.6%
Q4 25	616M	+0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$302	1.0M
FY 22	$208	1.0M
FY 23	$230	1.0M
FY 24	$299	1.0M
FY 25	$323	1.0M