Tuya Inc. (TUYA)

Tuya Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	298.62	229.99	208.17	302.08	179.87
Revenue Growth (YoY)	29.84%	10.48%	-31.09%	67.94%	70.03%
Cost of Revenue	157.19	123.34	118.75	174.21	117.94
Gross Profit	141.43	106.66	89.42	127.87	61.94
Selling, General & Admin	103.04	121.1	123.18	146.97	55.42
Research & Development	95.05	102.28	144.94	174.29	77.43
Other Operating Expenses	-11.33	-10.9	-10.51	-9.84	-1.07
Operating Expenses	186.75	212.48	257.61	311.43	131.78
Operating Income	-45.32	-105.82	-168.19	-183.56	-69.85
Interest & Investment Income	50.42	45.05	20.73	8.05	3.07
Currency Exchange Gain (Loss)	-0.14	0.67	2.44	-0.54	-0.08
Other Non Operating Income (Expenses)	4.18	3.11	2.9	1.96	-
EBT Excluding Unusual Items	9.15	-56.99	-142.11	-174.1	-66.85
Gain (Loss) on Sale of Investments	0.29	-0.08	-2.19	-2.05	0.15
Legal Settlements	-2.3	-	-	-	-
Other Unusual Items	-	-	-	1.22	-
Pretax Income	7.14	-57.07	-144.3	-174.93	-66.71
Income Tax Expense	2.15	3.25	1.88	0.49	0.21
Net Income	5	-60.32	-146.18	-175.42	-66.91
Net Income to Common	5	-60.32	-146.18	-175.42	-66.91
Shares Outstanding (Basic)	574	555	554	489	222
Shares Outstanding (Diluted)	591	555	554	489	222
Shares Change (YoY)	6.40%	0.35%	13.16%	120.36%	-
EPS (Basic)	0.01	-0.11	-0.26	-0.36	-0.30
EPS (Diluted)	0.01	-0.11	-0.26	-0.36	-0.30
Free Cash Flow	76.17	34.94	-71.36	-132.3	-52.41
Free Cash Flow Per Share	0.13	0.06	-0.13	-0.27	-0.24
Dividend Per Share	0.061	-	-	-	-
Gross Margin	47.36%	46.37%	42.96%	42.33%	34.43%
Operating Margin	-15.18%	-46.01%	-80.79%	-60.77%	-38.83%
Profit Margin	1.67%	-26.22%	-70.22%	-58.07%	-37.20%
Free Cash Flow Margin	25.51%	15.19%	-34.28%	-43.80%	-29.14%
EBITDA	-43.72	-103.38	-164.74	-180.19	-68.18
EBITDA Margin	-14.64%	-44.95%	-79.14%	-59.65%	-37.91%
D&A For EBITDA	1.6	2.45	3.44	3.37	1.66
EBIT	-45.32	-105.82	-168.19	-183.56	-69.85
EBIT Margin	-15.18%	-46.01%	-80.79%	-60.77%	-38.83%
Effective Tax Rate	30.03%	-	-	-	-

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q