Tuya

Tuya

Tuya is an IOT solutions provider that helps manufacturers develop their app and bring their product to market and at competitive prices. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues180m302m208m230m284m320m370m
% growth70 %68 %(31 %)10 %24 %13 %16 %
EBITDA(64.2m)(183m)(171m)(99.9m)16.0m27.0m-
% EBITDA margin(36 %)(61 %)(82 %)(43 %)6 %8 %-
Profit(66.9m)(175m)(146m)(60.3m)(17.1m)(12.8m)3.0m
% profit margin(37 %)(58 %)(70 %)(26 %)(6 %)(4 %)1 %
EV / revenue-8.1x0.5x2.1x-0.5x0.2x0.0x
EV / EBITDA--13.3x-0.6x-4.9x-8.8x2.0x-
R&D budget77.4m174m145m102m---
R&D % of revenue43 %58 %70 %44 %---
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DateInvestorsAmountRound
-

N/A

-

N/A

Series A

N/A

Series B
*

$200m

Valuation: $800m

Series C

$915m

IPO
*
N/A

N/A

Valuation: $1.4b

4.6x EV/LTM Revenues

-7.7x EV/LTM EBITDA

Post IPO Equity
Total FundingAUD309m

Recent News about Tuya

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More about Tuyainfo icon
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Tuya Inc., listed on the NYSE under the ticker TUYA, is a global Internet of Things (IoT) development platform that provides comprehensive solutions for connecting and managing smart devices. The company serves a diverse range of clients including brands, Original Equipment Manufacturers (OEMs), developers, and retail chains. Operating in the rapidly growing IoT market, Tuya offers a suite of tools and services that enable clients to develop, connect, and manage smart devices across various industries.

Tuya's business model revolves around offering hardware development tools, integrating public cloud services, and providing an intelligent business development platform. The company makes money through a combination of hardware sales, subscription services for cloud connectivity, and platform usage fees. By leveraging its global public cloud infrastructure, Tuya ensures seamless interconnectivity and real-time data management for millions of users and devices worldwide.

The platform supports multiple wireless connectivity standards such as Wi-Fi, Bluetooth, Zigbee, and GPRS, making it versatile for various applications. Additionally, Tuya offers flexible app solutions, allowing clients to use standard apps or customize their own versions. The company's smart cloud services support connected products globally, ensuring scalability and reliability.

Tuya also emphasizes security through its Tuya Security Response Center (TuyaSRC), which acts as the central liaison for security-related matters. The company fosters an open and accessible developer ecosystem, providing technical support, marketing assistance, and business referrals to help clients succeed in the IoT space.

Keywords: IoT, connectivity, smart devices, cloud services, OEM, developers, wireless standards, security, scalability, developer ecosystem.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Tuya

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