Tuya Inc. (TUYA)

NYSE: TUYA · Services-Prepackaged Software · Hangzhou, CN · filing with the SEC since 2021

Full chart Alerts Compare

Grade5.6

◀ Past 5.4● Present 5.6▶ Future 5.7

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Tuya Inc.

Nine metrics read from its own filings, by tense

Headline grade

5.6/10

◀ Past5.425% of the headline

● Present5.635% of the headline

▶ Future5.740% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Tuya Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.2/10

What has it actually done, year after year?

+20.4% a year over 7 filed years; profitable in 2 of 7.

weight 45% of this tense · 42nd percentile among 213 sector filers · read for its customers

From the record

Tuya Inc.'s 7 filed years say what it did: revenue went from $106 million in fiscal 2019 to $322 million in fiscal 2025, up 20.4% a year; it rose in 5 of 6 years; the deepest fall was 31% from fiscal 2021 to fiscal 2022; net income was positive in 2 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span20.4%top 47% of its family
the share of years revenue rosebottom 38% of its family
the share of filed years with a profittop 46% of its family
the deepest fall from a revenue peak31.1%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

5.8/10

How has it treated the people who own it?

Share count grew 3.5% a year. 54% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 58th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Tuya Inc.'s diluted share count grew about 3.5% a year, and dividends and buybacks returned about 54% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 46% of its family
cash returned against operating cash flowtop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.5/10

Is it financially healthy right now?

ROE 6%: 6¢ of profit per shareholder dollar. Leverage 10%: owes 10¢ per asset dollar.

weight 45% of this tense · 55th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Tuya Inc. earned about 6 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns. Leverage: it owed about 10 cents per dollar of assets, and net share issuance: its share count grew 3.9% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 3% of its family
return on equitytop 39% of its family
gross profit against assetsbottom 17% of its family
the share count against the year beforebottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

6.3/10

How strong is its position in its industry?

top 37% of 218 in its family; net margin 18%.

weight 33% of this tense · 63rd percentile among 218 sector filers · read for its customers

From the record

Tuya Inc.'s standing among 218 graded names in its industry family: revenue of $322 million in fiscal 2025 ranks in the bottom 43% by size; a net margin of 18% ranks in the top 17%; revenue growth of 15.6% a year over the last 3 filed years ranks in the top 37% (its annual reports).

What it rests on

revenue against the family$322Mbottom 43% of its family
net margin18.0%top 17% of its family
three-year revenue growth15.6%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 157 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Tuya Inc.'s leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.7/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

6.6/10

How much room does it have to grow?

top 34% of 216 in its family for room to expand.

weight 22% of this tense · 66th percentile among 216 sector filers · read for itself

From the record

Tuya Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $891 million against no long-term debt tagged leaves 78.7% of its assets as net cash, top 2% of its family; cash from operations less capital spending is 23% of revenue (top 28%); a gross margin of 48.2% (bottom 23%); research spending of 27.9% of revenue (top 29%) (its annual report).

What it rests on

cash less debt against assets78.7%top 2% of its family
cash from operations less capital spending against revenue23.0%top 28% of its family
gross margin48.2%bottom 23% of its family
research spending against revenue27.9%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.8/10

What could actually drive growth from here?

bottom 48% of 213 in its family for growth drivers.

weight 45% of this tense · 48th percentile among 213 sector filers · read for its customers

From the record

Tuya Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 15.6% a year over the last three filed years against 20.4% over all 7, slowing (top 49% of its family); the newest year grew 7.8% (bottom 35%); research spending grew -14.8% a year (bottom 11%); capital spending grew 115.8% a year (top 5%) (its annual reports). Tuya Inc. reported 4 product lines in fiscal 2025: Paas at $231 million (72%), Smart Device Distribution at $46 million (14%), Saas and Others at $45 million (14%), and 1 more; 4 of 4 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-4.7 points a yeartop 49% of its family
the newest year's revenue growth7.8%bottom 35% of its family
three-year growth of research spending-14.8%bottom 11% of its family
three-year growth of capital spending115.8%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 194 in its family for expectations against reality.

weight 33% of this tense · 64th percentile among 194 sector filers · read for its shareholders

From the record

Tuya Inc.'s newest year against its own record: revenue of $322 million in fiscal 2025 came in 10% below the $358 million its prior three years' pace pointed to (bottom 16% of its family); net income of $58 million against a prior three-year average of $67 million (top 12%); a net margin of 18% against -31.6% before (top 13%) (its annual reports).

What it rests on

revenue against the prior three years' pace-10.0%bottom 16% of its family
net income against the prior three years' average+186%top 12% of its family
net margin against its prior average+49.6 pointstop 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TUYA · research, not advice