Tuya Inc. develops Internet of Things (IoT) cloud platform worldwide. The company provides IoT Platform-as-a-Service that enables brands, original equipment manufacturers, and developers to develop, launch, manage, and monetize smart devices and services; industry Software-as-a-Service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers a wide range of cloud-based value-added services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company sells finished smart devices. It offers its solutions to smart home, smart business, healthcare, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.
IPO Year: 2021
Exchange: NYSE
Website: https://www.tuya.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/5/2025 | Buy | Jefferies | |
| 1/8/2024 | Neutral → Buy | Goldman | |
| 11/29/2023 | Equal-Weight → Overweight | Morgan Stanley | |
| 2/22/2022 | $9.19 → $7.20 | Overweight → Equal-Weight | Morgan Stanley |
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
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SANTA CLARA, Calif., Aug. 26, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced its unaudited financial results for the second quarter ended June 30, 2025 and the declaration of a cash dividend. Second Quarter 2025 Financial Highlights Total revenue was US$80.1 million, up approximately 9.3% year-over-year (2Q2024: US$73.3 million).Platform-as-a-service ("PaaS") revenue was US$58.1 million, up approximately 7.0% year-over-year (2Q2024: US$54.3 million).Software-as-a-service ("SaaS") and others revenue was US$11.1 million, up approximately 15.6% year-over-year (2Q2024: US$9.6 million).Smart
SANTA CLARA, Calif., Aug. 11, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it will report its second quarter 2025 unaudited financial results after the market closes on Tuesday, August 26, 2025. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Tuesday, August 26, 2025 (08:30 A.M. Hong Kong Time on Wednesday, August 27, 2025) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information a
SANTA CLARA, Calif., June 19, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced the results of its annual general meeting (the "Annual General Meeting") held at 2:00 p.m. Hong Kong time on June 19, 2025 in Hangzhou, China. The Company announced that each of the proposed resolutions submitted for shareholders' approval as set forth in the notice of Annual General Meeting dated May 16, 2025, Hong Kong time, has been adopted at the Annual General Meeting. About Tuya Inc. Tuya Inc. (NYSE:TUYA, HKEX: 2391)) is a global leading AI cloud platform service provider with a mission to build an AIoT devel
NEW YORK, May 27, 2025 /PRNewswire/ -- Forbes China has released its "2025 Forbes China AI Tech Enterprises Top 50" list, recognizing Tuya Smart (NYSE:TUYA, HKEX: 2391)), a leading global AI cloud platform service provider, as one of the country's top AI technology companies. Tuya is notably the only AI cloud platform included in this year's ranking in recognition of its robust technological capabilities and significant contributions to advancing AI accessibility and commercialization. The list highlights outstanding Chinese enterprises driving AI innovation, showcasing the industry's development and growing influence. According to Forbes China, companies that combine breakthroughs in advan
SANTA CLARA, Calif., May 20, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Total revenue was US$74.7 million, up approximately 21.1% year-over-year (1Q2024: US$61.7 million).IoT platform-as-a-service ("PaaS") revenue was US$53.7 million, up approximately 17.9% year-over-year (1Q2024: US$45.6 million).Software-as-a-service ("SaaS") and others revenue was US$10.0 million, up approximately 15.5% year-over-year (1Q2024: US$8.6 million).Smart solution revenue was US$11.0 million,
SANTA CLARA, Calif., May 16, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 2:00 p.m. (Hong Kong time) on Thursday, June 19, 2025 at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province, China, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at ir.tuya.com. The boar
SANTA CLARA, Calif., May 13, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that MSCI has upgraded its Environmental, Social, and Governance (ESG) rating to 'AA' from 'A'. This upgrade recognizes Tuya's efforts to build a more sustainable and responsible business and places Tuya among the ESG leaders in its sector. MSCI, a leading provider of research-driven indices and analytics, reviewed companies in the Software & Services industry as part of its latest ESG assessment. Tuya's improved rating reflects its strong performance in key areas including data privacy and security, governance e
SANTA CLARA, Calif., May 13, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it will report its first quarter 2025 unaudited financial results after the market closes on Tuesday, May 20, 2025. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Tuesday, May 20, 2025 (08:30 A.M. Hong Kong Time on Wednesday, May 21, 2025) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique
SANTA CLARA, Calif., April 24, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 24, 2025, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.tuya.com and on the SEC's website at www.sec.gov. The Company will also provide a hard copy of its annual report on Form 20-F for the fiscal year ended December 31, 2024 including the complete audited financial statements, free of charge, to its
NEW YORK, April 24, 2025 /PRNewswire/ -- On April 23, the 2025 TUYA Global Developer Summit officially opened in Shenzhen. Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, spotlighted the theme of "AI + IoT," emphasizing the deep integration of artificial intelligence with the Intelligence of Things to reshape how smart devices interact and function. This integration accelerates the widespread adoption of AIoT technologies. During the summit, Tuya introduced its AI Agent Development Platform and released three other major technology engines—Tuya.AI, TuyaOpen, and HEDV—to help developers fully unlock the potential value of AIoT. To further accelerate the globa
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Jefferies initiated coverage of Tuya with a rating of Buy
Goldman upgraded Tuya from Neutral to Buy
Morgan Stanley upgraded Tuya from Equal-Weight to Overweight
Morgan Stanley downgraded Tuya from Overweight to Equal-Weight and set a new price target of $7.20 from $9.20 previously
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SANTA CLARA, Calif., Aug. 26, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced its unaudited financial results for the second quarter ended June 30, 2025 and the declaration of a cash dividend. Second Quarter 2025 Financial Highlights Total revenue was US$80.1 million, up approximately 9.3% year-over-year (2Q2024: US$73.3 million).Platform-as-a-service ("PaaS") revenue was US$58.1 million, up approximately 7.0% year-over-year (2Q2024: US$54.3 million).Software-as-a-service ("SaaS") and others revenue was US$11.1 million, up approximately 15.6% year-over-year (2Q2024: US$9.6 million).Smart
SANTA CLARA, Calif., Aug. 11, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it will report its second quarter 2025 unaudited financial results after the market closes on Tuesday, August 26, 2025. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Tuesday, August 26, 2025 (08:30 A.M. Hong Kong Time on Wednesday, August 27, 2025) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information a
SANTA CLARA, Calif., May 20, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Total revenue was US$74.7 million, up approximately 21.1% year-over-year (1Q2024: US$61.7 million).IoT platform-as-a-service ("PaaS") revenue was US$53.7 million, up approximately 17.9% year-over-year (1Q2024: US$45.6 million).Software-as-a-service ("SaaS") and others revenue was US$10.0 million, up approximately 15.5% year-over-year (1Q2024: US$8.6 million).Smart solution revenue was US$11.0 million,
SANTA CLARA, Calif., May 13, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced that it will report its first quarter 2025 unaudited financial results after the market closes on Tuesday, May 20, 2025. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Tuesday, May 20, 2025 (08:30 A.M. Hong Kong Time on Wednesday, May 21, 2025) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique
SANTA CLARA, Calif., Feb. 26, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, and the declaration of a dividend. Fourth Quarter 2024 Financial Highlights Total revenue was US$82.1 million, up approximately 27.4% year-over-year (4Q2023: US$64.4 million).IoT platform-as-a-service ("PaaS") revenue was US$59.3 million, up approximately 25.7% year-over-year (4Q2023: US$47.2 million).Software-as-a-service ("SaaS") and others revenue was US$11.5 million, up approximately 21.1% year-over-year (4Q2023: U
SANTA CLARA, Calif., Feb. 26, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading AI cloud platform service provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, and the declaration of a dividend. Fourth Quarter 2024 Financial Highlights Total revenue was US$82.1 million, up approximately 27.4% year-over-year (4Q2023: US$64.4 million).IoT platform-as-a-service ("PaaS") revenue was US$59.3 million, up approximately 25.7% year-over-year (4Q2023: US$47.2 million).Software-as-a-service ("SaaS") and others revenue was US$11.5 million, up approximately 21.1% year-over-year (4Q2023: U
SANTA CLARA, Calif., Feb. 26, 2025 /PRNewswire/ -- TUYA INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2023 AND 2024 (All amounts in US$ thousands ("US$"), except for share and per share data, unless otherwise noted) As of December 31, As of December 31, 2023 2024 ASSETS Current assets: Cash and cash equivalents 498,688 653,334 Restricted cash – 50 Short-term investments 291,023 194,536 Accounts receivable, net 9,214 7,592 Notes receivable, net 4,955 7,485 Inventories, net 32,865 23,840 Prepayments and other current assets, net 11,053 16,179 Total current assets 847,798 903,016 Non-current assets: Property, equipment and software, net 2,589 6,619 Land use right
SANTA CLARA, Calif., Feb. 14, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that it will report its fourth quarter 2024 unaudited financial results before the market opens on Wednesday, February 26, 2025. Tuya's management will hold a conference call at 08:00 A.M. Eastern Time on Wednesday, February 26, 2025 (09:00 P.M. Hong Kong Time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a uniq
SANTA CLARA, Calif., Nov. 18, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total revenue was US$81.6 million, up approximately 33.6% year over year (3Q2023: US$61.1 million).IoT platform-as-a-service ("PaaS") revenue was US$57.9 million, up approximately 26.4% year over year (3Q2023: US$45.8 million).Software-as-a-service ("SaaS") and others revenue was US$9.9 million, up approximately 16.7% year over year (3Q2023: US$8.5 million).Smart solution revenue was US$13.8 milli
SANTA CLARA, Calif., Nov. 5, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that it will report its third quarter 2024 unaudited financial results after the market closes on Monday, November 18, 2024. Tuya's management will hold a conference call at 07:30 P.M. Eastern Time on Monday, November 18, 2024 (08:30 A.M. Hong Kong Time on Tuesday, November 19, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive the dial-in information and a
Live Leadership Updates
NEW YORK, March 21, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, is redefining the role of AI in the smart home ecosystem, turning cold technology into an emotionally intelligent companion. Imagine returning home after a long day, your mind weighed down by fatigue. Before you even express it, an AI companion gently approaches: "Hey, you seem a little down today. I've prepared a list of comforting films—shall we watch one together?" This thoughtful care is a result of the integration between Tuya and DeepSeek, which marks a shift in how technology interacts with human emotions. Devices such as cleaning robots, smart photo frames and o
NEW YORK, March 11, 2025 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global AI cloud platform service provider, is redefining the possibilities of smart energy with its unique perspective and forward-thinking strategies. Leveraging years of dedicated research and development, Tuya is seamlessly integrating technological advancements with social value creation, pushing the boundaries of innovation in the energy sector. Under the dual pressures of the global energy crisis and climate change, humanity is facing an unprecedented challenge. According to the International Energy Agency's projections, in order to achieve carbon neutrality by 2050, clean energy will need to contribute mo
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391)), a global cloud platform service provider, in partnership with Biosphere 3, successfully hosted a side event titled "Sustainable Communities and Technology Applications" in the COP29 Blue Zone. The company also participated in an additional side event "Energy Transition: Challenges and Opportunities". These engagements explored the innovative applications of smart technology in energy transition and carbon reduction, emphasizing its potential to transform various areas of life and production. Through these efforts, Tuya aims to collaborate with global partners to foster greener, more sustainable, and prosperous commu
SANTA CLARA, Calif., Nov. 18, 2024 /PRNewswire/ -- Tuya, Inc. ("Tuya" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group") (NYSE:TUYA, HKEX: 2391)), a global leading cloud platform service provider, today announced that the board (the "Board") of directors of the Company has appointed Ms. Zhang Yan ("Ms. Zhang") to serve as a director with immediate effect. Ms. Zhang has been serving as the vice president of finance of the Company and several major subsidiaries since January 2021. Ms. Zhang is responsible for the finance of the Group. Prior to joining the Company, Ms. Zhang worked at Ernst & Young Hua Ming LLP from December 2009 to January 2021
NEW YORK, Nov. 11, 2024 /PRNewswire/ -- From November 11 to 22, 2024, the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) is set to commence in Baku, the capital of Azerbaijan. Tuya Smart (NYSE:TUYA, HKEX: 2391)), a leading global cloud platform service provider, is poised to make a significant appearance at this pivotal event, representing the technology sector. The company will host and participate in a series of high-level events within the COP29 blue and green zones, collaborating with international partners to tackle the pressing challenges of climate change and promote sustainable development for human society. This year's COP29 will
NEW YORK, June 11, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391))), a global cloud platform service provider, grandly opened the TUYA Global Developer Summit in Futian, Shenzhen. The conference, themed "GenAI + IoT: Driving Smarter Spaces," saw Tuya Smart, collaborate with developers from around the world to deeply explore the innovative applications and best practices of generative AI across various industries. One of the highlights was the sub-forum themed "Navigating industry innovation - the Developer's influence," which sparked widespread discussion. The forum featured prominent speakers including Xue Ya, President of Delos Asia & International WELL Building Institute Asia; Y
LAS VEGAS, Jan. 12, 2024 /PRNewswire/ -- Tuya Smart ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global IoT developer service provider, unveiled its innovative Home Energy Management System (HEMS) and Net Zero Solutions at CES 2024, as the highlight of its presentation. The showcase garnered significant attention and acclaim from attendees, reinforcing Tuya's position as a key player in the smart energy industry. Tuya's HEMS Revolutionizes Household Energy Management In response to transformative changes in the global energy landscape, Tuya introduced its Home Energy Management System (HEMS). Amid rising global energy consumption and increased demand for stable, self-sufficient, a
SANTA CLARA, Calif., June 20, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global leading IoT cloud development platform, today announced results of the annual general meeting held at 2:00 p.m., Hong Kong time, on June 20, 2023 in Hangzhou, China. Additionally, the Company announced changes to its board of directors (the "Board") and audit committee of the Board (the "Audit Committee"). Results of Annual General Meeting The Company announced that each of the proposed resolutions submitted for shareholders' approval (the "Proposed Resolutions") as set forth in the notice of annual general meeting dated May 10, 2023, Hong Kong time, have been adopted at
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