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Tuya (TUYA) Revenue & Revenue Breakdown

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Tuya Revenue Highlights

Latest Revenue (Y)

$229.99M

Latest Revenue (Q)

$61.66M

Main Segment (Y)

IoT PaaS

Tuya Revenue by Period

Tuya Revenue by Year

DateRevenueChange
2023-12-31$229.99M10.48%
2022-12-31$208.17M-31.09%
2021-12-31$302.08M67.94%
2020-12-31$179.87M70.03%
2019-12-31$105.79M-

Tuya generated $229.99M in revenue during NA 2023, up 10.48% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Tuya Revenue by Quarter

DateRevenueChange
2024-03-31$61.66M-4.27%
2023-12-31$64.41M5.44%
2023-09-30$61.09M7.17%
2023-06-30$57.00M20.05%
2023-03-31$47.48M4.86%
2022-12-31$45.29M0.60%
2022-09-30$45.02M-28.03%
2022-06-30$62.55M13.06%
2022-03-31$55.32M-26.20%
2021-12-31$74.97M-12.40%
2021-09-30$85.58M1.08%
2021-06-30$84.66M48.88%
2021-03-31$56.87M-9.75%
2020-12-31$63.02M6.66%
2020-09-30$59.08M52.14%
2020-06-30$38.83M104.97%
2020-03-31$18.95M-

Tuya generated $61.66M in revenue during Q1 2024, up -4.27% compared to the previous quarter, and up 136.16% compared to the same period a year ago.

Tuya Revenue Breakdown

Tuya Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
IoT PaaS$217.07M---
Smart Device Distribution$41.97M---
Saas And Others$39.58M---
Membership-$851.00K$5.24M$6.86M
SaaS-$19.40M$10.58M$3.52M
Cloud-based Connectivity and Basic IoT Services-$1.24M$2.17M$1.55M

Tuya's latest annual revenue breakdown by segment (product or service), as of Dec 24: IoT PaaS (72.69%), Smart Device Distribution (14.05%), and Saas And Others (13.26%).

Tuya Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
EVTCEVERTEC$845.49B$628.67B
ACIWACI Worldwide$1.59B$451.75M
CSGSCSG Systems$1.20B$295.14M
PRTHPriority Technology$879.70M$219.87M
NTCTNetScout Systems$829.46M$252.02M
EVCMEverCommerce$698.76M$176.26M
QLYSQualys$607.57M$153.87M
GBGlobal Blue Group$422.30M$105.24M
CCSIConsensus Cloud Solutions$350.38M$87.75M
RPAYRepay$313.04M$79.14M
SANGSangoma$252.53M$82.69M
OSPNOneSpan$243.18M$56.24M
TUYATuya$229.99M$61.66M

TUYA Revenue FAQ

What is Tuya’s yearly revenue?

Tuya's yearly revenue for 2023 was $229.99M, representing an increase of 10.48% compared to 2022. The company's yearly revenue for 2022 was $208.17M, representing a decrease of -31.09% compared to 2021. TUYA's yearly revenue for 2021 was $302.08M, representing an increase of 67.94% compared to 2020.

What is Tuya’s quarterly revenue?

Tuya's quarterly revenue for Q1 2024 was $61.66M, a -4.27% decrease from the previous quarter (Q4 2023), and a 29.86% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $64.41M, a 5.44% increase from the previous quarter (Q3 2023), and a 42.23% increase year-over-year (Q4 2022). TUYA's quarterly revenue for Q3 2023 was $61.09M, a 7.17% increase from the previous quarter (Q2 2023), and a 35.71% increase year-over-year (Q3 2022).

What is Tuya’s revenue growth rate?

Tuya's revenue growth rate for the last 3 years (2021-2023) was -23.86%, and for the last 5 years (2019-2023) was 117.40%.

What are Tuya’s revenue streams?

Tuya's revenue streams in c 24 are IoT PaaS, Smart Device Distribution, and Saas And Others. IoT PaaS generated $217.07M in revenue, accounting 72.69% of the company's total revenue Smart Device Distribution generated $41.96M in revenue, accounting 14.05% of the company's total revenue Saas And Others generated $39.58M in revenue, accounting 13.26% of the company's total revenue

What is Tuya’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Tuya was IoT PaaS. This segment made a revenue of $217.07M, representing 72.69% of the company's total revenue.