Tuya Inc. (TUYA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Sales/Revenue | 80.13M | 74.69M | 82.06M | 81.62M | 73.28M | 61.66M | 64.41M | 61.09M | 57M | 47.48M | 45.29M | 45.02M | 62.55M | 55.32M | 74.97M | 85.58M | 84.66M | 56.87M | 63.02M | 59.08M |
| Revenue Growth % | 9.35% | 21.12% | 27.4% | 33.6% | 28.55% | 29.86% | 42.23% | 35.71% | -8.86% | -14.17% | -39.59% | -47.4% | -26.12% | -2.72% | 18.97% | 44.85% | - | - | 84.08% | - |
| Cost of Goods Sold | 41.38M | 38.44M | 42.82M | 44.1M | 38.09M | 32.18M | 33.95M | 32.57M | 30.36M | 26.46M | 25.1M | 25.37M | 35.78M | 32.5M | 42.62M | 49.15M | 48.96M | 33.48M | 38.9M | 38.75M |
| COGS % of Revenue | 51.65% | 51.46% | 52.18% | 54.04% | 51.98% | 52.18% | 52.71% | 53.31% | 53.26% | 55.72% | 55.43% | 56.35% | 57.2% | 58.75% | 56.85% | 57.43% | 57.83% | 58.88% | 61.72% | 65.59% |
| Gross Profit | 38.88M | 36.25M | 39.24M | 37.52M | 35.19M | 29.48M | 30.46M | 28.52M | 26.64M | 21.03M | 20.19M | 19.65M | 26.77M | 22.82M | 32.35M | 36.43M | 35.7M | 23.38M | 24.12M | 20.33M |
| Gross Margin % | 48.52% | 48.54% | 47.82% | 45.96% | 48.02% | 47.82% | 47.29% | 46.69% | 46.74% | 44.28% | 44.57% | 43.65% | 42.8% | 41.25% | 43.15% | 42.57% | 42.17% | 41.12% | 38.28% | 34.41% |
| Gross Profit Growth % | 10.49% | 22.95% | 28.81% | 31.53% | 32.1% | 40.22% | 50.91% | 45.18% | -0.48% | -7.85% | -37.6% | -46.07% | -25.02% | -2.41% | 34.13% | 79.2% | - | - | 151.67% | - |
| Operating Expenses | 37.66M | 37.7M | 43.03M | 54.63M | 45.54M | 45.85M | 54.09M | 47.01M | 58.06M | 53.32M | 53.02M | 60.06M | 66.23M | 78.3M | 83.91M | 85.64M | 77.22M | 64.66M | 42.83M | 34.11M |
| OpEx % of Revenue | 47% | 50.48% | 52.44% | 66.93% | 62.14% | 74.36% | 83.97% | 76.95% | 101.85% | 112.29% | 117.07% | 133.42% | 105.89% | 141.53% | 111.93% | 100.07% | 91.21% | 113.7% | 67.96% | 57.74% |
| Selling, General & Admin | 17.27M | 17.28M | 22.67M | 31.96M | 26.25M | 24.46M | 34.69M | 25.26M | 34.1M | 27.05M | 27.38M | 30.29M | 32.19M | 33.31M | 39.44M | 39.38M | 35.68M | 32.47M | 18.01M | 14.2M |
| SG&A % of Revenue | 21.55% | 23.13% | 27.62% | 39.16% | 35.82% | 39.66% | 53.86% | 41.35% | 59.82% | 56.97% | 60.47% | 67.29% | 51.47% | 60.21% | 52.62% | 46.01% | 42.14% | 57.1% | 28.58% | 24.03% |
| Research & Development | 22.45M | 22.81M | 23.7M | 24.88M | 22.99M | 23.47M | 22.81M | 24.95M | 26.47M | 28.05M | 27.79M | 32.34M | 37.22M | 47.59M | 46.19M | 50.74M | 42.66M | 34.71M | 25.47M | 20.05M |
| R&D % of Revenue | 28.02% | 30.54% | 28.89% | 30.48% | 31.38% | 38.07% | 35.41% | 40.83% | 46.44% | 59.07% | 61.37% | 71.84% | 59.51% | 86.02% | 61.61% | 59.29% | 50.38% | 61.03% | 40.41% | 33.94% |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -654K | -137K |
| Operating Income | 1.09M | -1.45M | -3.8M | -17.11M | -10.34M | -16.37M | -23.62M | -18.49M | -31.42M | -32.3M | -32.83M | -40.41M | -39.46M | -55.48M | -51.56M | -49.21M | -41.52M | -41.28M | -18.7M | -13.78M |
| Operating Margin % | 1.36% | -1.94% | -4.63% | -20.97% | -14.12% | -26.54% | -36.68% | -30.26% | -55.12% | -68.01% | -72.49% | -89.78% | -63.09% | -100.29% | -68.77% | -57.5% | -49.04% | -72.58% | -29.68% | -23.32% |
| Operating Income Growth % | 110.52% | 91.13% | 83.93% | 7.43% | 67.08% | 49.32% | 28.04% | 54.26% | 20.38% | 41.79% | 36.32% | 17.87% | 4.96% | -34.41% | -175.63% | -257.1% | - | - | 25.99% | - |
| EBITDA | 13.22M | 11.75M | -3.4M | -16.5M | -9.91M | -15.75M | -23.01M | -17.63M | -30.77M | -31.43M | -31.97M | -39.57M | -38.48M | -54.64M | -50.71M | -48.79M | -40.71M | -40.86M | -18.19M | -13.4M |
| EBITDA Margin % | 16.5% | 15.74% | -4.14% | -20.22% | -13.53% | -25.55% | -35.73% | -28.85% | -53.98% | -66.2% | -70.59% | -87.91% | -61.52% | -98.76% | -67.65% | -57.02% | -48.08% | -71.85% | -28.87% | -22.68% |
| EBITDA Growth % | 233.39% | 174.61% | 85.24% | 6.39% | 67.79% | 49.88% | 28.02% | 55.46% | 20.03% | 42.47% | 36.96% | 18.9% | 5.47% | -33.72% | -178.75% | -264.22% | - | - | 27.08% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 399K | 612.25K | 431.5K | 612.25K | 612.25K | 860.75K | 646.5K | 860.75K | 860.75K | 842.25K | 981.5K | 842.25K | 842.25K | 415.5K | 812K | 415.5K | 512K | 383.33K |
| EBIT | 13.22M | 11.75M | -59.34M | -4M | -8.24M | -2.89M | -9.69M | -4.89M | -22.4M | -20.08M | -21.92M | -31.86M | -35.71M | -54.81M | -48.71M | -47.83M | -37.89M | -41.28M | -18.7M | -13.78M |
| Net Interest Income | 10.8M | 12.39M | 12.18M | 12.98M | 12.45M | 12.81M | 13.21M | 13.07M | 7.3M | 11.47M | 14.59M | 6.76M | 1.43M | 121K | 3.38M | 777K | 2.79M | 1.09M | 461K | 654K |
| Interest Income | 10.8M | 12.39M | 12.18M | 12.98M | 12.45M | 12.81M | 13.21M | 13.07M | 7.3M | 11.47M | 14.59M | 6.76M | 1.43M | 121K | 3.38M | 777K | 2.79M | 1.09M | 461K | 654K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 12.13M | 13.21M | 14.11M | 13.11M | 14.06M | 13.48M | 13.93M | 13.59M | 9.02M | 12.21M | 10.91M | 8.56M | 3.75M | 673K | 2.85M | 1.38M | 3.63M | 770K | 341K | 705K |
| Pretax Income | 13.22M | 11.75M | 10.31M | -4M | 3.72M | -2.89M | -9.69M | -4.89M | -22.4M | -20.08M | -21.92M | -31.86M | -35.71M | -54.81M | -48.71M | -47.83M | -37.89M | -40.51M | -18.36M | -13.07M |
| Pretax Margin % | 16.5% | 15.74% | 12.56% | -4.9% | 5.08% | -4.68% | -15.05% | -8.01% | -39.29% | -42.29% | -48.4% | -70.77% | -57.09% | -99.07% | -64.97% | -55.89% | -44.75% | -71.23% | -29.14% | -22.13% |
| Income Tax | 635K | 737K | 524K | 373K | 592K | 656K | 1.12M | 12K | 1.15M | 964K | 811K | 767K | 158K | 144K | 135K | 87K | 242K | 26K | 17K | 75K |
| Effective Tax Rate % | 4.8% | 6.27% | 5.08% | -9.32% | 15.91% | -22.72% | -11.57% | -0.25% | -5.14% | -4.8% | -3.7% | -2.41% | -0.44% | -0.26% | -0.28% | -0.18% | -0.64% | -0.06% | -0.09% | -0.57% |
| Net Income | 12.63M | 11.02M | 9.79M | -4.37M | 3.13M | -3.54M | -10.82M | -4.91M | -23.55M | -21.05M | -22.73M | -32.62M | -35.87M | -54.95M | -48.84M | -47.92M | -38.13M | -40.53M | -18.38M | -13.15M |
| Net Margin % | 15.76% | 14.75% | 11.92% | -5.36% | 4.27% | -5.75% | -16.79% | -8.03% | -41.31% | -44.32% | -50.19% | -72.47% | -57.35% | -99.33% | -65.15% | -55.99% | -45.04% | -71.28% | -29.17% | -22.26% |
| Net Income Growth % | 303.8% | 410.95% | 190.47% | 10.85% | 113.28% | 83.16% | 52.42% | 84.96% | 34.35% | 61.7% | 53.46% | 31.92% | 5.93% | -35.58% | -165.73% | -264.39% | - | - | 33.52% | - |
| Net Income (Continuing) | 12.59M | 11.02M | 9.79M | -4.37M | 3.13M | -3.54M | -10.82M | -4.91M | -23.55M | -21.05M | -22.73M | -32.62M | -35.87M | -54.95M | -48.84M | -47.92M | -38.13M | -40.53M | -18.38M | -13.15M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02 | 0.02 | 0.02 | -0.01 | 0.01 | -0.01 | -0.02 | -0.01 | -0.04 | -0.04 | -0.04 | -0.06 | -0.06 | -0.10 | -0.09 | -0.09 | -0.07 | -0.07 | -0.03 | -0.02 |
| EPS Growth % | - | - | 185.57% | - | 112.5% | 83.42% | 52.68% | 85.08% | 34.16% | 61.5% | 52.82% | 30.91% | 5.29% | -36.7% | -164.94% | -257.32% | - | - | 34.14% | - |
| EPS (Basic) | 0.02 | 0.02 | 0.02 | -0.01 | 0.01 | -0.01 | -0.02 | -0.01 | -0.04 | -0.04 | -0.04 | -0.06 | -0.07 | -0.10 | -0.09 | -0.09 | -0.07 | -0.07 | -0.03 | -0.02 |
| Diluted Shares Outstanding | 610.48M | 608.49M | 589.69M | 569.82M | 592.74M | 559.13M | 557.1M | 555.78M | 554.95M | 553.99M | 554.12M | 553.04M | 556.81M | 556.81M | 562.08M | 561.39M | 560.94M | 561.09M | 561.09M | 550.14M |
| Basic Shares Outstanding | 608.53M | 606.31M | 587.99M | 569.82M | 559.1M | 559.13M | 557.1M | 555.78M | 554.95M | 553.99M | 554.12M | 553.04M | 550.17M | 556.81M | 552.63M | 561.39M | 557.21M | 559.23M | 559.23M | 550.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |