← Tuya Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | — | — | — | ($146.2m) | ($60.3m) | $5.0m | $57.9m | |
| Net Income (Loss) Attributable to Parent | — | ($66.9m) | ($175.4m) | ($146.2m) | ($60.3m) | $5.0m | $57.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($66.9m) | ($175.4m) | ($146.2m) | ($60.3m) | $5.0m | $57.9m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $66.9m | $175.4m | ($146.2m) | ($60.3m) | $5.0m | $57.9m | |
| Depreciation, Depletion and Amortization | — | $1.7m | $3.4m | $3.4m | $2.4m | $1.6m | $1.2m | |
| Depreciation | — | $1.7m | $3.4m | $3.4m | $2.4m | $1.6m | $1.2m | |
| Depreciation and amortization of property, equipment and software | $758k | $1.7m | $3.4m | $3.4m | $2.4m | $1.6m | $1.2m | |
| Amortization of right-of-use assets | $2.6m | $4.0m | $7.0m | $4.8m | $4.1m | $3.5m | $4.0m | |
| Depreciation Amortization Depletion | — | — | — | $8.2m | $6.5m | $5.1m | $5.2m | |
| Share-based Payment Arrangement, Noncash Expense | — | $9.4m | $66.1m | $69.0m | $65.2m | $67.8m | $22.3m | |
| Share-based compensation | $5.2m | $9.4m | $66.1m | $69.0m | $65.2m | $67.8m | $22.3m | |
| Impairment loss/(reversal) of long-term investments | — | — | — | — | $15.5m | $261k | ($53k) | |
| Asset Impairment Charge | — | — | — | $4.1m | $18.8m | $2.3m | $1.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $5k | $5k | ($365k) | $219k | $221k | ($43k) | ($17k) | |
| Income Tax Expense (Benefit) | — | $206k | $490k | $1.9m | $3.2m | $2.1m | $2.0m | |
| Other Nonoperating Income (Expense) | — | — | $2.0m | $2.9m | $3.1m | $4.2m | $5.2m | |
| Changes in operating assets and liabilities: | ||||||||
| Additional Financial Items | ||||||||
| Increase (Decrease) in Accounts Receivable | — | $7.2m | $23.4m | ($20.2m) | ($1.0m) | ($484k) | $4.9m | |
| Increase (Decrease) in Inventories | — | $19.8m | $22.1m | ($13.1m) | ($9.2m) | ($7.0m) | $8.2m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $278k | $1.0m | $288k | $1.5m | — | — | |
| Proceeds from Stock Options Exercised | — | — | $1.1m | $1.0m | $1.2m | $168k | $2k | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $54k | ($116k) | $760k | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($80k) | ($618k) | $2.4m | $669k | ($136k) | ($1.0m) | |
| Gain (Loss) on Investments | — | — | ($53k) | ($2.2m) | $697k | — | — | |
| General and Administrative Expense | — | $17.9m | $71.6m | $67.5m | $80.7m | $68.3m | $30.9m | |
| Inventory Write-down | — | $539k | $1.8m | $4.1m | $3.3m | $2.0m | $1.1m | |
| Operating Expenses | — | $131.8m | $311.4m | $257.6m | $212.5m | $189.1m | $143.6m | |
| Proceeds from Contributed Capital | — | $10k | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | ($833k) | — | — | — | — | |
| Net (loss)/profit | $70.5m | $66.9m | $175.4m | ($146.2m) | ($60.3m) | $5.0m | $57.9m | |
| Allowance for credit losses/(reversal) of allowance for credit losses | — | — | $1.0m | $288k | $1.6m | $1.2m | ($637k) | |
| Inventory write-downs | $291k | $539k | $1.8m | $4.1m | $3.3m | $2.0m | $1.1m | |
| Gain on disposal of long-term investment | — | $147k | — | — | — | ($451k) | — | |
| Change in unrealized investment income | — | — | — | $2.2m | ($697k) | ($533k) | $5.4m | |
| Fair value change on short-term and long-term investments | — | — | $833k | ($7.4m) | $76k | $157k | ($807k) | |
| Accounts receivable | ($4.0m) | ($7.2m) | ($23.4m) | $20.2m | $1.0m | $484k | ($4.9m) | |
| Notes receivable | $2.6m | ($8.7m) | $7.7m | ($1.4m) | ($2.3m) | ($2.6m) | ($2.7m) | |
| Inventories | ($11.0m) | ($19.8m) | ($22.1m) | $13.1m | $9.2m | $7.0m | ($8.2m) | |
| Prepayments and other current assets | ($1.7m) | $3.6m | ($13.1m) | $8.9m | ($1.3m) | ($3.9m) | ($1.8m) | |
| Other non-current assets | ($549k) | ($778k) | ($89k) | $639k | $290k | $203k | $1k | |
| Accounts payable | $7.5m | $11.0m | ($10.9m) | ($2.6m) | $2.0m | $5.9m | $9.6m | |
| Advances from customers | $1.5m | $13.0m | $4.0m | ($3.5m) | $4.1m | ($430k) | ($2.0m) | |
| Deferred revenue | $554k | $3.4m | $5.9m | ($2.9m) | $93k | $594k | $2.2m | |
| Income tax payables | $73k | $4k | ($159k) | — | $689k | ($329k) | ($218k) | |
| Accruals and other liabilities | $11.8m | $11.9m | $19.1m | ($24.3m) | ($1.4m) | ($564k) | $2.9m | |
| Lease liabilities | ($2.3m) | ($4.6m) | ($7.2m) | ($4.9m) | ($3.4m) | ($3.5m) | ($4.4m) | |
| Other non-current liabilities | — | — | $8.5m | ($1.5m) | ($3.1m) | ($3.1m) | ($767k) | |
| Payment for short-term investments | ($270.4m) | ($196.8m) | ($468.7m) | ($1.3b) | ($327.2m) | ($264.7m) | ($50.6m) | |
| Proceeds from disposal of short-term investments | $281.5m | $192.5m | $385.5m | $543.8m | $853.7m | $354.5m | $184.3m | |
| Proceeds from disposal of long-term investments | — | $221k | — | — | — | $43.2m | $98.9m | |
| Purchase of property, equipment and software | ($2.5m) | ($3.2m) | ($6.2m) | ($710k) | ($1.5m) | ($4.2m) | ($7.1m) | |
| Payment for long-term investments | $66k | $564k | $21.3m | $1.6m | ($193.0m) | ($11.2m) | — | |
| Proceeds from collection of third-party loans | — | — | — | $1.5m | — | — | $1.5m | |
| Payment for repurchase of ordinary shares | — | — | ($64.0m) | ($48.7m) | ($3.3m) | ($70k) | ($12k) | |
| Proceeds from exercise of share options | — | — | $1.1m | $1.0m | $1.2m | $168k | $2k | |
| Payments of deferred offering costs | — | ($182k) | — | — | ($71k) | ($276k) | — | |
| Beginning Cash Position | — | — | — | $964.6m | $133.2m | $498.7m | $653.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($38.6m) | ($2.2m) | ($33.2m) | ($69.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($714.2m) | $332.5m | $107.4m | $226.0m | |
| Change In Account Payable | — | — | — | ($2.6m) | $2.0m | $5.9m | $9.6m | |
| Change In Accrued Expense | — | — | — | ($24.3m) | ($1.4m) | ($564k) | $2.9m | |
| Change In Income Tax Payable | — | — | — | $0 | $689k | ($329k) | ($218k) | |
| Change In Inventory | — | — | — | $13.1m | $9.2m | $7.0m | ($8.2m) | |
| Change In Other Current Assets | — | — | — | $639k | $290k | $203k | $1k | |
| Change In Other Current Liabilities | — | — | — | ($6.4m) | ($6.5m) | ($6.6m) | ($5.2m) | |
| Change In Other Working Capital | — | — | — | ($6.4m) | $4.2m | $164k | $166k | |
| Change In Payable | — | — | — | ($2.6m) | $2.7m | $5.6m | $9.3m | |
| Change In Payables And Accrued Expense | — | — | — | ($26.9m) | $1.3m | $5.0m | $12.3m | |
| Change In Prepaid Assets | — | — | — | $8.9m | ($1.3m) | ($3.9m) | ($1.8m) | |
| Change In Receivables | — | — | — | $18.9m | ($1.2m) | ($2.2m) | ($7.6m) | |
| Change In Tax Payable | — | — | — | $0 | $689k | ($329k) | ($218k) | |
| Change In Working Capital | — | — | — | $1.9m | $6.1m | ($313k) | ($10.3m) | |
| Changes In Account Receivables | — | — | — | $20.2m | $1.0m | $484k | ($4.9m) | |
| Changes In Cash | — | — | — | ($823.5m) | $366.7m | $154.6m | $237.1m | |
| End Cash Position | — | — | — | $133.2m | $498.7m | $653.4m | $891.0m | |
| Financing Cash Flow | — | — | — | ($38.6m) | ($2.2m) | ($33.2m) | ($69.9m) | |
| Free Cash Flow | — | — | — | ($71.4m) | $34.9m | $67.3m | $73.9m | |
| Gain Loss On Investment Securities | — | — | — | $2.2m | ($697k) | ($451k) | — | |
| Gain Loss On Sale Of PPE | — | — | — | ($219k) | ($221k) | $43k | $17k | |
| Investing Cash Flow | — | — | — | ($714.2m) | $332.5m | $107.4m | $226.0m | |
| Issuance Of Capital Stock | — | — | $1.1b | $9.1m | $0 | $0 | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | ($2.4m) | ($669k) | $136k | $1.0m | |
| Net PPE Purchase And Sale | — | — | — | ($246k) | ($990k) | ($12.9m) | ($7.1m) | |
| Operating Gains Losses | — | — | — | ($2.7m) | ($890k) | ($272k) | $1.0m | |
| Proceeds From Stock Option Exercised | — | — | — | $1.0m | $1.2m | $168k | $2k | |
| Provisionand Write Offof Assets | — | — | — | $288k | $1.6m | $1.2m | ($637k) | |
| Purchase Of PPE | — | — | $6.2m | ($710k) | ($1.5m) | ($13.1m) | ($7.1m) | |
| Repurchase Of Capital Stock | — | — | — | ($48.7m) | ($3.3m) | ($70k) | ($24k) | |
| Sale Of PPE | — | — | — | $464k | $509k | $163k | $16k | |
| Stock Based Compensation | — | — | — | $69.0m | $65.2m | $67.8m | $22.3m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | ($5.3m) | ($621k) | ($376k) | $4.6m | |
| Other Operating Income (Expense), Net | — | $1.1m | $9.8m | $10.5m | $10.9m | $11.3m | $10.2m | |
| Net Cash Provided by (Used in) Operating Activities | ($56.6m) | ($49.2m) | ($126.1m) | ($70.7m) | $36.4m | $80.4m | $81.0m | |
| Cash flows from investing activities: | ||||||||
| Net Investment Purchase And Sale | — | — | — | ($715.5m) | $333.4m | $121.9m | $231.6m | |
| Purchase Of Investment | — | — | — | ($1.3b) | ($520.3m) | ($275.8m) | ($51.6m) | |
| Gain (Loss) on Sale of Investments | — | $147k | — | — | — | $451k | — | |
| Sale Of Investment | — | — | — | $543.8m | $853.7m | $397.7m | $283.2m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($1.5m) | — | — | ($1.5m) | |
| Net Other Investing Changes | — | — | ($2.3m) | $1.5m | — | ($1.5m) | $1.5m | |
| Net cash generated from investing activities | $8.5m | ($7.9m) | ($113.0m) | ($714.2m) | $332.5m | $107.4m | $226.0m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($7.9m) | ($113.0m) | ($714.2m) | $332.5m | $107.4m | $226.0m | |
| Cash flows from financing activities: | ||||||||
| Proceeds from Issuance of Common Stock | — | — | $904.7m | — | — | — | — | |
| Common Stock Issuance | — | — | $1.1b | $9.1m | $0 | $0 | — | |
| Net Common Stock Issuance | — | — | — | ($39.6m) | ($3.3m) | ($70k) | ($24k) | |
| Payments for Repurchase of Common Stock | — | — | $64.0m | $48.7m | $3.3m | $70k | $12k | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $33 | $70 | |
| Common Stock Payments | — | — | — | ($48.7m) | ($3.3m) | ($70k) | ($24k) | |
| Payments of dividend | — | — | — | — | — | ($33.0m) | ($69.8m) | |
| Cash Dividends Paid | — | — | — | $0 | $0 | ($33.0m) | ($69.8m) | |
| Common Stock Dividend Paid | — | — | — | $0 | $0 | ($33.0m) | ($69.8m) | |
| Net Other Financing Charges | — | — | — | — | ($71k) | ($276k) | — | |
| Net Cash Provided by (Used in) Financing Activities | — | ($172k) | $1.0b | ($38.6m) | ($2.2m) | ($33.2m) | ($69.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.9m | $2.9m | — | — | — | — | |
| (Gain)/loss on foreign currency exchange rates | $239k | $80k | $618k | ($2.4m) | ($669k) | $136k | $1.0m | |
| Effect of exchange rate changes on cash and cash equivalents, restricted cash | ($481k) | $2.9m | $2.9m | ($8.0m) | ($1.1m) | $116k | $420k | |
| Effect Of Exchange Rate Changes | — | — | — | ($8.0m) | ($1.1m) | $116k | $420k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($54.3m) | $805.6m | ($831.4m) | $365.5m | $154.7m | $237.6m | |
| Net increase in cash and cash equivalents, restricted cash | $125.7m | ($54.3m) | $805.6m | ($831.4m) | $365.5m | $154.7m | $237.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $159.0m | $964.6m | $133.2m | $498.7m | $653.4m | $891.0m | |
| Cash and cash equivalents, restricted cash at the beginning of year | $213.3m | $159.0m | $964.6m | $133.2m | $498.7m | $653.4m | $891.0m | |
| Cash and cash equivalents | $213.3m | $158.8m | $963.9m | $133.2m | $498.7m | $653.3m | $890.7m | |
| Restricted cash | $29k | $163k | $638k | — | — | $50k | $245k | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($831.4m) | $365.5m | $154.7m | $237.6m | |
| Income Taxes Paid, Net | $197k | ($210k) | ($616k) | ($843k) | $2.8m | $2.7m | $2.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.