Tuya Inc
NYSE:TUYA
Tuya Inc
Tuya, Inc. provides smart cloud service and IoT-related software and hardware solutions. The company is headquartered in Hangzhou, Zhejiang. The company went IPO on 2021-03-18. This platform delivers Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). Its IoT PaaS offering enables businesses and developers to develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to deploy, connect, and manage smart devices. For example, Its Smart Hotel SaaS solution allows hotel managers to monitor from a single control point different aspects of hotel services, such as housekeeping, guest traffic control, property surveillance and maintenance. The company also offers cloud-based value-added services. Its multi-cloud platform allows customers to switch among cloud infrastructure providers and integrates third-party technologies to make smart devices more intelligent. Its products are used in the field like smart home, smart business, healthcare, education and agriculture.
Tuya, Inc. provides smart cloud service and IoT-related software and hardware solutions. The company is headquartered in Hangzhou, Zhejiang. The company went IPO on 2021-03-18. This platform delivers Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). Its IoT PaaS offering enables businesses and developers to develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to deploy, connect, and manage smart devices. For example, Its Smart Hotel SaaS solution allows hotel managers to monitor from a single control point different aspects of hotel services, such as housekeeping, guest traffic control, property surveillance and maintenance. The company also offers cloud-based value-added services. Its multi-cloud platform allows customers to switch among cloud infrastructure providers and integrates third-party technologies to make smart devices more intelligent. Its products are used in the field like smart home, smart business, healthcare, education and agriculture.
Revenue Growth: Tuya reported revenue of $82.5 million for Q3 2025, up 1.1% year-over-year and marking its ninth consecutive quarter of year-over-year growth.
Profitability: GAAP net margin reached 18.2%, expanding by 23.6 percentage points year-over-year. Gross margin stayed strong at 48.3%.
AI Integration: Over 93% of shipped products in Q3 had AI capabilities. Tuya is preparing to launch a new AI home assistant at CES next month.
Expense Control: Operating expenses dropped 34.1% year-over-year to $36 million, helping drive improved margins.
Strong Cash Position: Operating net cash flow rose 25.7% year-over-year to $30 million, with net cash balance exceeding $1 billion.
Mixed Demand Outlook: Management sees cautious consumer demand in Q4 2025 due to macro uncertainties, but expects a positive long-term outlook and stronger growth in 2026 as AI adoption expands.
