Tuya, Inc. ( (TUYA) ) has released its Q3 earnings. Here is a breakdown of the information Tuya, Inc. presented to its investors.
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Tuya Inc. is a leading global AI cloud platform service provider, specializing in Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) solutions for smart devices and applications across various industries. The company is known for its vibrant AI developer ecosystem and commitment to smart solutions that emphasize efficiency and openness.
In its third quarter of 2025 financial report, Tuya Inc. announced a modest increase in total revenue, reaching $82.5 million, marking a 1.1% rise year-over-year. The company highlighted its continued growth in PaaS and SaaS offerings, despite facing challenges in its smart solutions segment.
Key financial metrics from the report include a 2.4% increase in PaaS revenue and a significant 15.4% rise in SaaS and other revenues. However, smart solution revenue saw a decline of 14.6%. The company achieved a positive net profit of $15 million, a notable improvement from the previous year’s loss, and maintained a strong cash position with over $1 billion in cash and equivalents.
Looking ahead, Tuya’s management remains optimistic about the company’s future, emphasizing a focus on deepening customer relationships, expanding global presence, and advancing AI-driven innovations. The company aims to leverage its strong financial foundation to navigate uncertainties and invest in long-term growth opportunities.