Friday 6 November 2026
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Tuya Inc. Sponsored ADR
TUYA Technology Software Infrastructure
Tuya Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $321.8 million, up 7.76% from fiscal 2024.
- Revenue
- +16.0%
- EPS
- +50.0%
- Free cash flow
- −58.9%
- Total debt
- +234.0%
Quarter to June 2026, against a year earlier
1.64
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 106 | 180 | 302 | 208 | 230 | 299 | 322 | 341 | +20.4% | 362 | 404 | 462 | +12.8% | |
| Gross margin, % | — | — | — | 26.27 | 34.43 | 42.33 | 42.96 | 46.37 | 47.36 | 48.18 | 47.24 | +21.9 pt | ||||||
| EBT | — | — | — | (70) | (67) | (175) | (144) | (57) | 7 | 60 | 70 | n/m | ||||||
| EBT margin, % | — | — | — | (66.50) | (37.08) | (57.91) | (69.32) | (24.81) | 2.39 | 18.60 | 20.52 | +85.1 pt | ||||||
| Net income | — | 0 | — | (70) | (67) | (175) | (146) | (60) | 5 | 58 | 34 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.48 | 0.81 | 0.62 | 0.38 | 0.41 | 0.52 | 0.53 | 0.55 | +1.7% | |||||
| Earnings | — | — | — | (0.32) | (0.30) | (0.36) | (0.26) | (0.11) | 0.01 | 0.09 | 0.11 | n/m | ||||||
| Cash flow | — | — | — | (0.25) | (0.22) | (0.26) | (0.13) | 0.07 | 0.14 | 0.13 | 0.11 | n/m | ||||||
| Capex | — | — | — | (0.01) | (0.01) | (0.01) | 0.00 | 0.00 | (0.02) | (0.01) | 0.00 | +0.6% | ||||||
| Free cash flow | — | — | — | (0.27) | (0.24) | (0.27) | (0.13) | 0.06 | 0.12 | 0.12 | 0.11 | n/m | ||||||
| Book value | — | — | — | (0.50) | (0.74) | 2.28 | 1.74 | 1.75 | 1.76 | 1.67 | 1.67 | n/m | ||||||
| Shares, m | — | — | — | 222 | 222 | 489 | 554 | 555 | 574 | 612 | 614 | +18.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 154.31 | 23.44 | 14.91 | 25.4 | |||||
| P/S | — | — | — | 30.85 | 30.85 | 10.12 | 5.34 | 5.51 | 3.44 | 4.01 | 2.96 | 12.9 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 2.75 | 1.16 | 1.30 | 1.02 | 1.26 | 0.98 | 1.1 | ||||||
| EV/Sales | — | — | — | 29.88 | 29.88 | 6.64 | 0.79 | 2.09 | 0.60 | 1.06 | 0.10 | 10.1 | ||||||
| EV/FCF | — | — | — | (109.23) | (109.23) | (14.49) | (2.10) | 13.80 | 2.41 | 5.17 | 0.69 | (30.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (57) | (49) | (126) | (71) | 36 | 80 | 81 | 66 | n/m | |||||
| Capex | — | — | — | (2) | (3) | (6) | 0 | (1) | (13) | (7) | (15) | +19.2% | ||||||
| Free cash flow | — | — | — | (59) | (52) | (132) | (71) | 35 | 67 | 74 | 66 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 216 | 156 | 1,082 | 942 | 760 | 809 | 917 | 973 | +27.2% | |||||
| Net debt | — | — | — | (225) | (174) | (1,051) | (949) | (786) | (847) | (949) | (974) | +27.1% | ||||||
| Shareholders’ equity | — | — | — | (110) | (165) | 1,114 | 962 | 971 | 1,007 | 1,023 | 1,028 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (52.90) | (24.48) | (23.15) | (12.69) | (5.68) | 0.46 | 5.18 | 6.05 | +58.1 pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | (182.11) | (798.51) | (35.80) | (18.56) | 9.77 | 33.49 | +9.8 pt | ||||||
| ROE | — | — | — | 53.75 | 48.71 | (36.97) | (14.08) | (6.24) | 0.51 | 5.70 | 6.74 | (48.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 2,258 | 3,470 | 1,835 | 1,465 | 1,435 | 1,441 | — | (8.6%) | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.08 | 0.09 | 0.11 | 0.16 | 0.21 | 0.22 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 24 Oct 2026
Tuya Inc. Sponsored ADR vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RPD Rapid7, Inc. | $1.0B | 74.4× | 34.6× | −2.55% (below 0%: shrinking) | −66.67% (below 0%: shrinking) | −14.24% (below 0%: shrinking) | 69.61% | 0.00% | Compare |
| PICS PicS N.V. | $918.8M | 0.0× | 4.8× | +87.20% (above 0%: growing) | −99.60% (below 0%: shrinking) | +552.34% (above 0%: growing) | 58.88% | 0.00% | Compare |
| TUYA Tuya Inc. Sponsored ADR | $885.1M | 14.9× | 14.5× | +15.98% (above 0%: growing) | +50.00% (above 0%: growing) | −58.87% (below 0%: shrinking) | 46.32% | 10.02% | |
| KPLT Katapult Holdings, Inc. | $837.5M | 7.1× | — (loss-making) | +4.00% (above 0%: growing) | n/m | +6.44% (above 0%: growing) | 15.39% | (2.58%) | Compare |
| PAYS Paysign, Inc. | $808.5M | 51.4× | 40.4× | +48.08% (above 0%: growing) | +300.00% (above 0%: growing) | −108.06% (below 0%: shrinking) | 63.35% | 24.82% | Compare |
| OSPN ONESPAN INC | $808.0M | 11.9× | 26.5× | +11.97% (above 0%: growing) | +23.59% (above 0%: growing) | +51.53% (above 0%: growing) | 76.29% | 14.47% | Compare |
| YEXT Yext | $757.0M | 33.1× | 17.1× | −1.76% (below 0%: shrinking) | −40.91% (below 0%: shrinking) | −1.86% (below 0%: shrinking) | 75.46% | 15.81% | Compare |
| XNDU Xanadu Quantum Technologies Limited | $724.5M | — (loss-making) | — | — | n/m | — | 91.53% | (1,984.84%) | Compare |
| RXT Rackspace Technology, Inc. | $606.6M | — (loss-making) | — (loss-making) | +0.57% (above 0%: growing) | n/m | −289.52% (below 0%: shrinking) | 17.13% | (4.95%) | Compare |
| Median of peers | $808.3M | 22.5× | 26.5× | +4.00% | −40.91% | −1.86% | 66.48% | 0.00% |