← Tuya Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | $158.8m | $963.9m | $133.2m | $498.7m | $653.3m | $890.7m | |
| Prepaid Expense and Other Assets, Current | $4.4m | $27.9m | $8.8m | $11.1m | $16.2m | $16.5m | |
| Short-term Investments | $21.0m | $102.1m | $821.1m | $291.0m | $194.5m | $61.8m | |
| Cash and cash equivalents | $158.8m | $963.9m | $133.2m | $498.7m | $653.3m | $890.7m | |
| Accounts receivable, net | $12.3m | $32.7m | $12.2m | $9.2m | $7.6m | $13.2m | |
| Notes receivable, net | $9.1m | $1.4m | $2.8m | $5.0m | $7.5m | $10.1m | |
| Inventories, net | $42.3m | $62.6m | $45.4m | $32.9m | $23.8m | $30.9m | |
| Prepayments and other current assets, net | $4.4m | $27.9m | $8.8m | $11.1m | $16.2m | $16.5m | |
| Accrued Interest Receivable | — | — | $284k | $1.9m | $1.1m | $679k | |
| Allowance For Doubtful Accounts Receivable | — | — | ($1.8m) | ($3.4m) | ($4.5m) | ($3.8m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | $954.3m | $789.7m | $847.9m | $952.5m | |
| Gross Accounts Receivable | — | — | $14.0m | $12.6m | $12.0m | $17.0m | |
| Inventories Adjustments Allowances | — | — | ($6.4m) | ($6.3m) | ($5.2m) | ($3.4m) | |
| Loans Receivable | — | — | — | $0 | $1.5m | $0 | |
| Non Current Prepaid Assets | — | — | $1.2m | $877k | $678k | $1.7m | |
| Notes Receivable | — | — | $2.8m | $5.0m | $7.5m | $10.1m | |
| Other Current Assets | — | — | $852k | $854k | $962k | $956k | |
| Other Receivables | — | — | $299k | $597k | $939k | $1.4m | |
| Other Short Term Investments | — | — | $821.1m | $291.0m | $194.5m | $61.8m | |
| Prepaid Assets | — | — | $6.5m | $6.4m | $7.6m | $7.4m | |
| Receivables Adjustments Allowances | — | — | — | ($34k) | ($35k) | ($43k) | |
| Taxes Receivable | — | — | $810k | $1.3m | $4.1m | $6.1m | |
| Inventory, Net | $42.3m | $62.6m | $45.4m | $32.9m | $23.8m | $30.9m | |
| Assets, Current | $248.0m | $1.2b | $1.0b | $847.8m | $903.0m | $1.0b | |
| Total current assets | $248.0m | $1.2b | $1.0b | $847.8m | $903.0m | $1.0b | |
| Long-term investments | $920k | $26.1m | $18.0m | $207.5m | $180.1m | $77.2m | |
| Property, Plant and Equipment, Net | $4.4m | $6.8m | $3.8m | $2.6m | $6.6m | $15.7m | |
| Goodwill And Other Intangible Assets | — | — | — | $0 | $8.8m | $8.8m | |
| Other Intangible Assets | — | — | — | — | $8.8m | $8.8m | |
| Operating Lease, Right-of-Use Asset | $12.3m | $22.2m | $9.7m | $7.6m | $4.5m | $5.6m | |
| Other Assets, Noncurrent | $1.7m | $1.8m | $1.2m | $877k | $678k | $1.7m | |
| Operating lease right-of-use assets, net | $12.3m | $22.2m | $9.7m | $7.6m | $4.5m | $5.6m | |
| Additional Financial Items | |||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $12.3m | $32.7m | $12.2m | $9.2m | $7.6m | $13.2m | |
| Restricted cash | $163k | $638k | $0 | $0 | $50k | $245k | |
| Land use rights, net | — | — | — | — | $8.8m | $8.8m | |
| Other non-current assets, net | $1.7m | $1.8m | $1.2m | $877k | $678k | $1.7m | |
| Advances from customers | $27.1m | $31.1m | $27.6m | $31.8m | $31.3m | $29.3m | |
| Accruals and other current liabilities | $31.7m | $50.8m | $33.4m | $32.8m | $32.3m | $33.3m | |
| Income tax payables | $159k | — | — | $689k | $360k | $142k | |
| Lease liabilities, current | $6.3m | $5.7m | $3.9m | $3.9m | $3.8m | $2.0m | |
| Lease liabilities, non-current | $5.7m | $16.0m | $5.3m | $3.9m | $851k | $3.3m | |
| Other non-current liabilities | — | $8.5m | $7.0m | $3.9m | $767k | — | |
| Ordinary shares | $11k | $29k | $29k | $29k | $29k | $31k | |
| Accumulated Depreciation | — | — | ($8.1m) | ($9.4m) | ($10.4m) | ($11.2m) | |
| Available For Sale Securities | — | — | — | $197.3m | $159.8m | $62.0m | |
| Capital Lease Obligations | — | — | $9.1m | $7.8m | $4.6m | $5.3m | |
| Construction In Progress | — | — | $59k | $0 | $4.2m | $12.1m | |
| Current Capital Lease Obligation | — | — | $3.9m | $3.9m | $3.8m | $2.0m | |
| Current Debt And Capital Lease Obligation | — | — | $3.9m | $3.9m | $3.8m | $2.0m | |
| Current Deferred Assets | — | $3.0m | $0 | — | — | — | |
| Current Deferred Liabilities | — | — | $34.5m | $41.7m | $41.9m | $39.8m | |
| Current Provisions | — | — | $1.2m | $1.4m | $1.5m | $1.4m | |
| Finished Goods | — | — | $4.2m | $5.2m | $6.6m | $6.9m | |
| Gross PPE | — | — | $21.7m | $19.6m | $21.6m | $32.5m | |
| Held To Maturity Securities | — | — | — | $10.1m | $20.3m | $15.2m | |
| Income Tax Payable | — | — | $0 | $689k | $360k | $142k | |
| Invested Capital | — | — | $962.2m | $970.6m | $1.0b | $1.0b | |
| Investmentin Financial Assets | — | — | — | $207.5m | $180.1m | $77.2m | |
| Investments And Advances | — | — | $18.0m | $207.5m | $180.1m | $77.2m | |
| Leases | — | — | $3.4m | $3.6m | $3.6m | $4.2m | |
| Long Term Capital Lease Obligation | — | — | $5.3m | $3.9m | $851k | $3.3m | |
| Machinery Furniture Equipment | — | — | $8.5m | $8.4m | $9.2m | $10.6m | |
| Net PPE | — | — | $13.6m | $10.2m | $11.2m | $21.3m | |
| Net Tangible Assets | — | — | $962.2m | $970.6m | $998.6m | $1.0b | |
| Non Current Deferred Liabilities | — | — | $394k | $4.4m | $1.1m | $352k | |
| Ordinary Shares Number | — | — | $553.0m | $574.6m | $565.8m | $611.3m | |
| Other Current Liabilities | — | — | $5.7m | $1.3m | $1.8m | $2.0m | |
| Other Equity Adjustments | — | — | ($22.1m) | ($17.1m) | ($19.7m) | ($14.8m) | |
| Other Payable | — | — | $25.7m | $24.5m | $24.7m | $28.4m | |
| Other Properties | — | — | $9.7m | $7.6m | $4.5m | $5.6m | |
| Properties | — | — | $0 | $0 | $0 | $0 | |
| Raw Materials | — | — | $44.4m | $30.8m | $18.9m | $24.2m | |
| Share Issued | — | — | $578.5m | $591.4m | $574.6m | $611.5m | |
| Tangible Book Value | — | — | $962.2m | $970.6m | $998.6m | $1.0b | |
| Treasury Shares Number | — | — | $25.6m | $16.8m | $8.8m | $245k | |
| Work In Process | — | — | $3.2m | $3.2m | $3.5m | $3.3m | |
| Working Capital | — | — | $942.1m | $760.3m | $808.7m | $917.0m | |
| Total non-current assets | $19.3m | $56.9m | $32.8m | $218.6m | $200.8m | $109.3m | |
| Total non-current liabilities | $6.4m | $25.4m | $12.7m | $8.3m | $2.0m | $3.7m | |
| Total shareholders' equity | ($164.7m) | $1.1b | $962.2m | $970.6m | $1.0b | $1.0b | |
| Total Capitalization | — | — | $962.2m | $970.6m | $1.0b | $1.0b | |
| Total Debt | — | — | $9.1m | $7.8m | $4.6m | $5.3m | |
| Total Tax Payable | — | — | $787k | $3.2m | $1.6m | $898k | |
| Assets | $267.3m | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total assets | $267.3m | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b | |
| LIABILITIES AND EQUITY | |||||||
| Current liabilities: | |||||||
| Operating Lease, Liability, Current | $6.3m | $5.7m | $3.9m | $3.9m | $3.8m | $2.0m | |
| Accounts Payable, Current | $23.2m | $12.2m | $9.6m | $11.6m | $19.1m | $31.8m | |
| Operating Lease, Liability, Noncurrent | $5.7m | $16.0m | $5.3m | $3.9m | $851k | $3.3m | |
| Deferred revenue, current | $3.5m | $9.3m | $6.8m | $6.8m | $7.5m | $9.7m | |
| Payables And Accrued Expenses | — | — | $36.1m | $39.2m | $45.3m | $61.0m | |
| Liabilities, Current | $91.9m | $109.1m | $81.3m | $87.5m | $94.3m | $106.2m | |
| Total current liabilities | $91.9m | $109.1m | $81.3m | $87.5m | $94.3m | $106.2m | |
| Other Liabilities, Noncurrent | — | $8.5m | $7.0m | $3.9m | $767k | — | |
| Long Term Debt And Capital Lease Obligation | — | — | $5.3m | $3.9m | $851k | $3.3m | |
| Liabilities | $98.3m | $134.5m | $94.0m | $95.8m | $96.3m | $109.9m | |
| Total liabilities | $98.3m | $134.5m | $94.0m | $95.8m | $96.3m | $109.9m | |
| Stockholders’ equity: | |||||||
| Retained Earnings (Accumulated Deficit) | ($192.5m) | ($367.9m) | ($514.1m) | ($574.8m) | ($569.9m) | ($512.0m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $481k | $2.3m | ($22.1m) | ($17.1m) | ($19.7m) | ($14.8m) | |
| Additional Paid in Capital, Common Stock | $27.3m | $1.5b | $1.6b | $1.6b | $1.6b | $1.5b | |
| Treasury stock (US$0.00005 par value; 8,785,711 and 245,361 shares as of December 31, 2024 and 2025, respectively) | — | ($46.9m) | ($86.4m) | ($53.6m) | ($15.7m) | ($12k) | |
| Additional paid-in capital | $27.3m | $1.5b | $1.6b | $1.6b | $1.6b | $1.5b | |
| Accumulated other comprehensive loss | $481k | $2.3m | ($22.1m) | ($17.1m) | ($19.7m) | ($14.8m) | |
| Accumulated deficit | ($192.5m) | ($367.9m) | ($514.1m) | ($574.8m) | ($569.9m) | ($512.0m) | |
| Capital Stock | — | — | $29k | $29k | $29k | $31k | |
| Gains Losses Not Affecting Retained Earnings | — | — | ($22.1m) | ($17.1m) | ($19.7m) | ($14.8m) | |
| Treasury Stock | — | — | $86.4m | $53.6m | $15.7m | $12k | |
| Stockholders' Equity Attributable to Parent | ($164.7m) | $1.1b | $962.2m | $970.6m | $1.0b | $1.0b | |
| Total Equity Gross Minority Interest | — | — | $962.2m | $970.6m | $1.0b | $1.0b | |
| Total Non Current Liabilities Net Minority Interest | — | — | $12.7m | $8.3m | $2.0m | $3.7m | |
| Liabilities and Equity | $267.3m | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Total liabilities and shareholders' equity | $267.3m | $1.2b | $1.1b | $1.1b | $1.1b | $1.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.