← Tuya Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $105.8m $179.9m $302.1m $208.2m $230.0m $298.6m $321.8m
Cost of Revenue ($78.0m) $117.9m $174.2m $118.7m $123.3m $157.2m $166.8m
Reconciled Cost Of Revenue ($78.0m) $117.9m $174.2m $118.7m $123.3m $157.2m $166.8m
Gross Profit $27.8m $61.9m $127.9m $89.4m $106.7m $141.4m $155.0m
Research And Development — $77.4m $174.3m $144.9m $102.3m $95.0m $89.7m
Other Operating Expenses — — — ($10.5m) ($10.9m) ($11.3m) ($10.2m)
Operating Expenses — $131.8m $311.4m $257.6m $212.5m $189.1m $143.6m
Total operating expenses ($101.2m) ($131.8m) ($311.4m) ($257.6m) ($212.5m) ($189.1m) ($143.6m)
Operating Income (Loss) ($10k) ($69.8m) ($183.6m) ($168.2m) ($105.8m) ($47.6m) $11.5m
Additional Financial Items
Foreign Currency Transaction Gain (Loss), before Tax ($239k) ($80k) ($618k) $2.4m $669k ($136k) ($1.0m)
Gain (Loss) on Investments — — ($53k) ($2.2m) $697k — —
(Loss)/profit from operations ($73.4m) ($69.8m) ($183.6m) ($168.2m) ($105.8m) ($47.6m) $11.5m
Other non-operating incomes, net — — $2.0m $2.9m $3.1m $4.2m $5.2m
Financial income, net $3.3m $3.2m $7.3m $18.5m $45.0m $50.7m $44.2m
Foreign exchange gain/(loss), net ($239k) ($80k) ($618k) $2.4m $669k ($136k) ($1.0m)
Net (loss)/profit ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Net (loss)/profit attributable to ordinary shareholders ($73.9m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Changes in fair value of long-term investments — — $357k ($9.5m) ($7.8m) $14k $115k
Transfer out of fair value changes of long-term investments — — — — $15.5m ($65k) —
Foreign currency translation ($428k) $2.9m $1.5m ($14.9m) ($2.7m) ($2.6m) $4.8m
-Basic $222.0m $222.0m $489.1m $553.5m $555.5m $573.8m $611.7m
-Diluted $222.0m $222.0m $489.1m $553.5m $555.5m $591.0m $613.8m
Diluted EPS ($0.33) ($0.30) ($0.36) ($0.26) ($0.11) $0.01 $0.09
Diluted NI Availto Com Stockholders ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Gain On Sale Of Security — — — ($1.9m) ($4.1m) $158k ($227k)
Interest Income — — — $22.9m $49.7m $50.4m $43.4m
Interest Income Non Operating — — — $22.9m $49.7m $50.4m $43.4m
Net Income From Continuing And Discontinued Operation ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Net Income From Continuing Operation Net Minority Interest ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Net Interest Income — — — $22.9m $49.7m $50.4m $43.4m
Normalized EBITDA — — — ($158.1m) ($95.2m) ($42.7m) $16.9m
Normalized Income — — — ($144.7m) ($57.2m) $4.9m $58.1m
Other Gand A — $17.9m $71.6m $67.5m $80.7m $68.3m $30.9m
Reconciled Depreciation — — — $8.2m $6.5m $5.1m $5.2m
Selling General And Administration — — — $123.2m $121.1m $105.3m $64.0m
Tax Effect Of Unusual Items — — — ($478k) ($1.0m) $47k ($7k)
Tax Provision — $206k $490k $1.9m $3.2m $2.1m $2.0m
Tax Rate For Calcs — — — $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($70.4m) ($66.7m) ($174.9m) ($144.3m) ($57.1m) $7.1m $59.8m
Investment Income, Net — $3.1m $8.0m $20.7m $45.1m $50.4m $43.4m
Total comprehensive (loss)/income attributable to Tuya Inc. ($70.9m) ($64.0m) ($173.6m) ($170.6m) ($55.3m) $2.4m $62.8m
Total Unusual Items — — — ($1.9m) ($4.1m) $158k ($227k)
Total Unusual Items Excluding Goodwill — — — ($1.9m) ($4.1m) $158k ($227k)
Pre-Tax Income ($70.4m) ($66.7m) ($174.9m) ($144.3m) ($57.1m) $7.1m $59.8m
Net Income Continuous Operations ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Net Income (Loss) Attributable to Parent ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Net Income (Loss) Available to Common Stockholders, Basic ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Net Income Including Noncontrolling Interests ($70.5m) ($66.9m) ($175.4m) ($146.2m) ($60.3m) $5.0m $57.9m
Earnings Per Share, Basic ($0.33) ($0.30) ($0.36) ($0.26) ($0.11) $0.01 $0.09
Earnings Per Share, Diluted ($0.33) ($0.30) ($0.36) ($0.26) ($0.11) $0.01 $0.09
Weighted Average Number of Shares Outstanding, Basic 222.0m 222.0m 489.1m 553.5m 555.5m 573.8m 611.7m
Basic Average Shares — — — $553.5m $574.6m $573.8m $611.7m
Diluted Average Shares — — — $553.5m $574.6m $591.0m $613.8m
Weighted Average Number of Shares Outstanding, Diluted 222.0m 222.0m 489.1m 553.5m 555.5m 591.0m 613.8m
Research and Development Expense — $77.4m $174.3m $144.9m $102.3m $95.0m $89.7m
Research and development expenses ($52.0m) ($77.4m) ($174.3m) ($144.9m) ($102.3m) ($95.0m) ($89.7m)
General and Administrative Expense — $17.9m $71.6m $67.5m $80.7m $68.3m $30.9m
General and administrative expenses ($12.2m) ($17.9m) ($71.6m) ($67.5m) ($80.7m) ($68.3m) ($30.9m)
Selling and Marketing Expense — $37.6m $75.4m $55.7m $40.4m $37.1m $33.1m
Other Nonoperating Income (Expense) — — $2.0m $2.9m $3.1m $4.2m $5.2m
Sales and marketing expenses ($37.0m) ($37.6m) ($75.4m) ($55.7m) ($40.4m) ($37.1m) ($33.1m)
Share-based compensation expenses $5.2m $9.4m $66.1m $69.0m $65.2m $67.8m $22.3m
(Loss)/profit before income tax expense ($70.4m) ($66.7m) ($174.9m) ($144.3m) ($57.1m) $7.1m $59.8m
Income tax expense ($124k) ($206k) ($490k) ($1.9m) ($3.2m) ($2.1m) ($2.0m)
Net Non Operating Interest Income Expense — — — $22.9m $49.7m $50.4m $43.4m
Operating Expense — $131.8m $311.4m $257.6m $212.5m $189.1m $143.6m
Other Income Expense — — — $993k ($986k) $4.3m $5.0m
Other Non Operating Income Expenses — — $2.0m $2.9m $3.1m $4.2m $5.2m
Other Operating Income (Expense), Net ($10k) $1.1m $9.8m $10.5m $10.9m $11.3m $10.2m
Income Tax Expense (Benefit) — $206k $490k $1.9m $3.2m $2.1m $2.0m
Total Expenses — — — $376.4m $335.8m $346.2m $310.3m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.