What is Tuya Inc's earnings per share (EPS)?

Tuya Inc (TUYA) reported diluted earnings per share of $0.09 for fiscal year 2025. This represents a 800.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tuya Inc Financials

TUYA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Tuya Inc (TUYA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TUYA FY2025 2026-04-22

Cost discipline and minimal capital needs let Tuya keep generating cash even when reported earnings swing below zero.

The most revealing shift is cash conversion: free cash flow moved from -$132.3M in FY2021 to $34.9M in FY2025, a change larger than the revenue pattern alone would suggest. That cash resilience sits beside FY2025 net income of -$60.3M and capex of just $1.5M, implying an asset-light software model where earnings can swing more than cash.

The path toward breakeven was mostly an expense reset, not a pure sales comeback: FY2024 revenue was roughly back to its earlier level, yet operating margin improved from -60.8% to -15.9%. With gross margin staying in the mid-40s, the narrowing losses look more like cost discipline and lower R&D intensity than simple scale benefits.

The balance sheet remains heavily equity-funded: FY2025 cash of $653.3M dwarfed total liabilities of $96.3M, which gives the company room to absorb uneven earnings without leaning on debt. Even in FY2024, current assets of $903.0M sat against current liabilities of $94.3M, so short-term funding pressure does not appear to be the main operating constraint.

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Tuya Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Tuya Inc has an operating margin of 3.6%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -16.0% the prior year.

Growth

Tuya Inc's revenue grew 7.8% year-over-year to $321.8M, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

100

Tuya Inc carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 9.63, Tuya Inc holds $9.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Tuya Inc converts 23.0% of revenue into free cash flow ($73.9M). This strong cash generation earns a score of 80/100.

Returns

Tuya Inc generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 0.5% the prior year.

Altman Z-Score Safe

8.26

Tuya Inc scores 8.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($109.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

7/9

Tuya Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.40x

For every $1 of reported earnings, Tuya Inc generates $1.40 in operating cash flow ($81.0M OCF vs $57.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$321.8M

YoY+7.8%

5Y CAGR+12.3%

Tuya Inc generated $321.8M in revenue in fiscal year 2025. This represents an increase of 7.8% from the prior year.

EBITDA

$12.7M

YoY+127.6%

Tuya Inc's EBITDA was $12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 127.6% from the prior year.

Net Income

$57.9M

YoY+1058.5%

Tuya Inc reported $57.9M in net income in fiscal year 2025. This represents an increase of 1058.5% from the prior year.

EPS (Diluted)

$0.09

YoY+800.0%

Tuya Inc earned $0.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 800.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$73.9M

YoY-3.0%

Tuya Inc generated $73.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.0% from the prior year.

Cash & Debt

$890.7M

YoY+36.3%

5Y CAGR+41.2%

Tuya Inc held $890.7M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.06

Tuya Inc paid $0.06 per share in dividends in fiscal year 2025.

Shares Outstanding

612M

5Y CAGR+22.5%

Tuya Inc had 612M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

48.2%

YoY+0.8pp

5Y CAGR+13.8pp

Tuya Inc's gross margin was 48.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

3.6%

YoY+19.5pp

5Y CAGR+42.4pp

Tuya Inc's operating margin was 3.6% in fiscal year 2025, reflecting core business profitability. This is up 19.5 percentage points from the prior year.

Net Margin

18.0%

YoY+16.3pp

5Y CAGR+55.2pp

Tuya Inc's net profit margin was 18.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.3 percentage points from the prior year.

Return on Equity

5.7%

YoY+5.2pp

Tuya Inc's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$89.7M

YoY-5.6%

5Y CAGR+3.0%

Tuya Inc invested $89.7M in research and development in fiscal year 2025. This represents a decrease of 5.6% from the prior year.

Share Buybacks

$12K

YoY-82.9%

Tuya Inc spent $12K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 82.9% from the prior year.

Capital Expenditures

$7.1M

YoY+70.6%

5Y CAGR+17.4%

Tuya Inc invested $7.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 70.6% from the prior year.

TUYA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$321.8M+7.8%	$298.6M+29.8%	$230.0M+10.5%	$208.2M-31.1%	$302.1M+67.9%	$179.9M
Cost of Revenue	$166.8M+6.1%	$157.2M+27.4%	$123.3M+3.9%	$118.7M-31.8%	$174.2M+47.7%	$117.9M
Gross Profit	$155.0M+9.6%	$141.4M+32.6%	$106.7M+19.3%	$89.4M-30.1%	$127.9M+106.4%	$61.9M
R&D Expenses	$89.7M-5.6%	$95.0M-7.1%	$102.3M-29.4%	$144.9M-16.8%	$174.3M+125.1%	$77.4M
SG&A Expenses	$30.9M-54.7%	$68.3M-15.4%	$80.7M+19.5%	$67.5M-5.7%	$71.6M+300.7%	$17.9M
Operating Income	$11.5M+124.1%	-$47.6M+55.0%	-$105.8M+37.1%	-$168.2M+8.4%	-$183.6M-162.8%	-$69.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.0M-9.0%	$2.1M-34.0%	$3.2M+72.8%	$1.9M+283.7%	$490K+137.9%	$206K
Net Income	$57.9M+1058.5%	$5.0M+108.3%	-$60.3M+58.7%	-$146.2M+16.7%	-$175.4M-162.2%	-$66.9M
EPS (Diluted)	$0.09+800.0%	$0.01+109.1%	$-0.11+57.7%	$-0.26+27.8%	$-0.36-20.0%	$-0.30

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

TUYA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.1B+2.6%	$1.1B+3.5%	$1.1B+1.0%	$1.1B-15.4%	$1.2B+366.9%	$267.3M
Current Assets	$1.0B+13.3%	$903.0M+6.5%	$847.8M-17.2%	$1.0B-14.1%	$1.2B+380.3%	$248.0M
Cash & Equivalents	$890.7M+36.3%	$653.3M+31.0%	$498.7M+274.5%	$133.2M-86.2%	$963.9M+507.0%	$158.8M
Inventory	$30.9M+29.8%	$23.8M-27.5%	$32.9M-27.6%	$45.4M-27.5%	$62.6M+48.1%	$42.3M
Accounts Receivable	$13.2M+73.8%	$7.6M-17.6%	$9.2M-24.3%	$12.2M-62.8%	$32.7M+165.5%	$12.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$109.9M+14.1%	$96.3M+0.5%	$95.8M+2.0%	$94.0M-30.1%	$134.5M-68.9%	$432.0M
Current Liabilities	$106.2M+12.6%	$94.3M+7.8%	$87.5M+7.7%	$81.3M-25.5%	$109.1M+18.7%	$91.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.0B+1.5%	$1.0B+3.8%	$970.6M+0.9%	$962.2M-13.6%	$1.1B+776.3%	-$164.7M
Retained Earnings	-$512.0M+10.2%	-$569.9M+0.9%	-$574.8M-11.8%	-$514.1M-39.7%	-$367.9M-91.1%	-$192.5M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$1.1B+2.6%	$1.1B+3.5%	$1.1B+1.0%	$1.1B-15.4%	$1.2B+366.9%	$267.3M
Current Assets	$1.0B+13.3%	$903.0M+6.5%	$847.8M-17.2%	$1.0B-14.1%	$1.2B+380.3%	$248.0M
Cash & Equivalents	$890.7M+36.3%	$653.3M+31.0%	$498.7M+274.5%	$133.2M-86.2%	$963.9M+507.0%	$158.8M
Inventory	$30.9M+29.8%	$23.8M-27.5%	$32.9M-27.6%	$45.4M-27.5%	$62.6M+48.1%	$42.3M
Accounts Receivable	$13.2M+73.8%	$7.6M-17.6%	$9.2M-24.3%	$12.2M-62.8%	$32.7M+165.5%	$12.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$109.9M+14.1%	$96.3M+0.5%	$95.8M+2.0%	$94.0M-30.1%	$134.5M-68.9%	$432.0M
Current Liabilities	$106.2M+12.6%	$94.3M+7.8%	$87.5M+7.7%	$81.3M-25.5%	$109.1M+18.7%	$91.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.0B+1.5%	$1.0B+3.8%	$970.6M+0.9%	$962.2M-13.6%	$1.1B+776.3%	-$164.7M
Retained Earnings	-$512.0M+10.2%	-$569.9M+0.9%	-$574.8M-11.8%	-$514.1M-39.7%	-$367.9M-91.1%	-$192.5M

TUYA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$81.0M+0.9%	$80.4M+120.5%	$36.4M+151.6%	-$70.7M+44.0%	-$126.1M-156.2%	-$49.2M
Capital Expenditures	$7.1M+70.6%	$4.2M+179.1%	$1.5M+111.1%	$710K-88.5%	$6.2M+93.5%	$3.2M
Free Cash Flow	$73.9M-3.0%	$76.2M+118.0%	$34.9M+149.0%	-$71.4M+46.1%	-$132.3M-152.4%	-$52.4M
Investing Cash Flow	$226.0M+110.4%	$107.4M-67.7%	$332.5M+146.5%	-$714.2M-532.3%	-$113.0M-1338.6%	-$7.9M
Financing Cash Flow	-$69.9M-110.5%	-$33.2M-1393.5%	-$2.2M+94.2%	-$38.6M-103.7%	$1.0B+605798.8%	-$172K
Dividends Paid	$69.8M+111.5%	$33.0M	N/A	N/A	N/A	N/A
Share Buybacks	$12K-82.9%	$70K-97.9%	$3.3M-93.1%	$48.7M-23.9%	$64.0M	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

TUYA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	48.2%+0.8pp	47.4%+1.0pp	46.4%+3.4pp	43.0%+0.6pp	42.3%+7.9pp	34.4%
Operating Margin	3.6%+19.5pp	-16.0%+30.1pp	-46.0%+34.8pp	-80.8%-20.0pp	-60.8%-21.9pp	-38.8%
Net Margin	18.0%+16.3pp	1.7%+27.9pp	-26.2%+44.0pp	-70.2%-12.2pp	-58.1%-20.9pp	-37.2%
Return on Equity	5.7%+5.2pp	0.5%+6.7pp	-6.2%+9.0pp	-15.2%+0.6pp	-15.8%	N/A
Return on Assets	5.1%+4.7pp	0.4%+6.1pp	-5.7%+8.2pp	-13.8%+0.2pp	-14.1%+11.0pp	-25.0%
Current Ratio	9.63+0.1	9.57-0.1	9.69-2.9	12.59+1.7	10.92+8.2	2.70
Debt-to-Equity	0.11+0.0	0.100.0	0.100.0	0.10-0.0	0.12+2.7	-2.62
FCF Margin	23.0%-2.5pp	25.5%+10.3pp	15.2%+49.5pp	-34.3%+9.5pp	-43.8%-14.7pp	-29.1%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	9.63+0.1	9.57-0.1	9.69-2.9	12.59+1.7	10.92+8.2	2.70
Debt-to-Equity	0.11+0.0	0.100.0	0.100.0	0.10-0.0	0.12+2.7	-2.62
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Progress Soft PRGS

$1.2B

Global Blue Group Holding Ltd GB

$1.5B

Flywire Corp FLYW

$1.7B

Couchbase, Inc. BASE

$1.4B

Rezolve Ai RZLV

$1.0B

Frequently Asked Questions

What is Tuya Inc's annual revenue?

Tuya Inc (TUYA) reported $321.8M in total revenue for fiscal year 2025. This represents a 7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Tuya Inc's revenue growing?

Tuya Inc (TUYA) revenue grew by 7.8% year-over-year, from $298.6M to $321.8M in fiscal year 2025.

Is Tuya Inc profitable?

Yes, Tuya Inc (TUYA) reported a net income of $57.9M in fiscal year 2025, with a net profit margin of 18.0%.

What is Tuya Inc's EBITDA?

Tuya Inc (TUYA) had EBITDA of $12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Tuya Inc's gross margin?

Tuya Inc (TUYA) had a gross margin of 48.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tuya Inc's operating margin?

Tuya Inc (TUYA) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Tuya Inc's net profit margin?

Tuya Inc (TUYA) had a net profit margin of 18.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Tuya Inc pay dividends?

Yes, Tuya Inc (TUYA) paid $0.06 per share in dividends during fiscal year 2025.

What is Tuya Inc's return on equity (ROE)?

Tuya Inc (TUYA) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tuya Inc's free cash flow?

Tuya Inc (TUYA) generated $73.9M in free cash flow during fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Tuya Inc's operating cash flow?

Tuya Inc (TUYA) generated $81.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tuya Inc's total assets?

Tuya Inc (TUYA) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Tuya Inc's capital expenditures?

Tuya Inc (TUYA) invested $7.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Tuya Inc spend on research and development?

Tuya Inc (TUYA) invested $89.7M in research and development during fiscal year 2025.

Does Tuya Inc buy back shares?

Yes, Tuya Inc (TUYA) spent $12K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Tuya Inc have outstanding?

Tuya Inc (TUYA) had 612M shares outstanding as of fiscal year 2025.

What is Tuya Inc's current ratio?

Tuya Inc (TUYA) had a current ratio of 9.63 as of fiscal year 2025, which is generally considered healthy.

What is Tuya Inc's debt-to-equity ratio?

Tuya Inc (TUYA) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tuya Inc's return on assets (ROA)?

Tuya Inc (TUYA) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tuya Inc's Altman Z-Score?

Tuya Inc (TUYA) has an Altman Z-Score of 8.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Tuya Inc's Piotroski F-Score?

Tuya Inc (TUYA) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tuya Inc's earnings high quality?

Tuya Inc (TUYA) has an earnings quality ratio of 1.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Tuya Inc?

Tuya Inc (TUYA) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.