Tuya Inc ADR (TUYA) financial statements
Tuya Inc ADR reported revenue of $322M in fiscal 2025, up 20.4% a year over 6 years.
Net income was $58M and the operating margin 3.6%, against -69.4% in 2019.
Free cash flow was $74M, and the company returned $70M in dividends and $12,000 in net buybacks.
The diluted share count rose 177% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Tuya Inc ADR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $106M | $180M | $302M | $208M | $230M | $299M | $322M |
| Cost of revenue | $78M | $118M | $174M | $119M | $123M | $157M | $167M |
| Gross profit | $28M | $62M | $128M | $89M | $107M | $141M | $155M |
| Research and development | $52M | $77M | $174M | $145M | $102M | $95M | $90M |
| Selling, general and admin | $49M | $55M | $147M | $123M | $121M | $105M | $64M |
| Operating income | -$73M | -$70M | -$184M | -$168M | -$106M | -$48M | $11M |
| Pre-tax income | -$70M | -$67M | -$175M | -$144M | -$57M | $7M | $60M |
| Income tax | $124,000 | $206,000 | $490,000 | $2M | $3M | $2M | $2M |
| Net income | -$70M | -$67M | -$175M | -$146M | -$60M | $5M | $58M |
| EPS (diluted) | -$0.33 | -$0.30 | -$0.36 | -$0.26 | -$0.11 | $0.01 | $0.09 |
| Diluted shares | 222M | 222M | 489M | 554M | 555M | 591M | 614M |
| Gross margin | 26.3% | 34.4% | 42.3% | 43.0% | 46.4% | 47.4% | 48.2% |
| Operating margin | -69.4% | -38.8% | -60.8% | -80.8% | -46.0% | -15.9% | 3.6% |
| Net margin | -66.6% | -37.2% | -58.1% | -70.2% | -26.2% | 1.7% | 18.0% |
Balance sheet
Fiscal years, from Tuya Inc ADR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $213M | $180M | $1.1B | $954M | $790M | $848M | $952M |
| Receivables | — | $12M | $33M | $12M | $9M | $8M | $13M |
| Inventory | — | $42M | $63M | $45M | $33M | $24M | $31M |
| Total current assets | — | $248M | $1.2B | $1.0B | $848M | $903M | $1.0B |
| Property, plant and equipment | — | $4M | $7M | $4M | $3M | $7M | $16M |
| Total assets | — | $267M | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B |
| Total current liabilities | — | $92M | $109M | $81M | $88M | $94M | $106M |
| Total liabilities | — | $98M | $134M | $94M | $96M | $96M | $110M |
| Shareholders' equity | -$110M | -$165M | $1.1B | $962M | $971M | $1.0B | $1.0B |
| Net debt | -$213M | -$159M | -$964M | -$133M | -$499M | -$653M | -$891M |
Cash flow
Fiscal years, from Tuya Inc ADR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$57M | -$49M | -$126M | -$71M | $36M | $80M | $81M |
| Capital spending | $2M | $3M | $6M | $710,000 | $1M | $4M | $7M |
| Free cash flow | -$59M | -$52M | -$132M | -$71M | $35M | $76M | $74M |
| Stock-based compensation | $5M | $9M | $66M | $69M | $65M | $68M | $22M |
| Dividends paid | — | — | — | — | — | $33M | $70M |
| Share buybacks (net) | — | — | -$64M | -$49M | -$3M | -$70,000 | -$12,000 |
| Free cash flow margin | -55.8% | -29.1% | -43.8% | -34.3% | 15.2% | 25.5% | 23.0% |
| Dividends per share | — | — | — | — | — | $0.06 | $0.11 |
Questions
What was Tuya Inc ADR's revenue in 2025?
$322M in fiscal 2025, from its 10-K filing.
How much free cash flow does Tuya Inc ADR generate?
$74M in fiscal 2025 (operating cash flow minus capital spending).
From Tuya Inc ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.