v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 321,791 $ 298,617 $ 229,990
Cost of revenue (166,750) (157,187) (123,335)
Gross profit 155,041 141,430 106,655
Operating expenses:      
Research and development expenses (89,687) (95,049) (102,277)
Sales and marketing expenses (33,110) (37,081) (40,440)
General and administrative expenses (30,916) (68,254) (80,663)
Other operating incomes, net 10,151 11,334 10,901
Total operating expenses (143,562) (189,050) (212,479)
(Loss)/profit from operations 11,479 (47,620) (105,824)
Other income      
Other non-operating incomes, net 5,215 4,180 3,113
Financial income, net 44,179 50,718 44,976
Foreign exchange gain/(loss), net (1,030) (136) 669
(Loss)/profit before income tax expense 59,843 7,142 (57,066)
Income tax expense (1,953) (2,145) (3,249)
Net (loss)/profit 57,890 4,997 (60,315)
Net Income (Loss) 57,890 4,997 (60,315)
Net (loss)/profit attributable to ordinary shareholders 57,890 4,997 (60,315)
Net (loss)/profit 57,890 4,997 (60,315)
Other comprehensive income/(loss)      
Changes in fair value of long-term investments 115 14 (7,791)
Transfer out of fair value changes of long-term investments   (65) 15,537
Foreign currency translation 4,759 (2,574) (2,722)
Total comprehensive (loss)/income attributable to Tuya Inc. $ 62,764 $ 2,372 $ (55,291)
Weighted average number of ordinary shares used in computing net (loss)/profit per share      
-Basic 611,714,837 573,782,783 555,466,061
-Diluted 613,807,254 591,006,801 555,466,061
Net (loss)/profit per share attributable to ordinary shareholders      
-Basic $ 0.09 $ 0.01 $ (0.11)
-Diluted $ 0.09 $ 0.01 $ (0.11)
Research and development expenses      
Net (loss)/profit per share attributable to ordinary shareholders      
Share-based compensation expenses $ 5,404 $ 14,347 $ 14,734
Sales and marketing expenses      
Net (loss)/profit per share attributable to ordinary shareholders      
Share-based compensation expenses 2,047 5,098 5,446
General and administrative expenses      
Net (loss)/profit per share attributable to ordinary shareholders      
Share-based compensation expenses $ 14,812 $ 48,305 $ 45,036