Tuya reports Q2 EPS 2c vs. 1c last year

Reports Q2 revenue $80.13M vs. $73.28M last year. PaaS customers for the second quarter were approximately 2,100. Total customers for the second quarter of 2025 were approximately 3,000. Dollar-based net expansion rate of PaaS for the trailing 12 months ended June 30, 2025 was 114%. Xueji Wang, Founder and Chief Executive Officer of Tuya (TUYA), commented, “Amid global trade uncertainty and continued supply chain pressure in the discretionary consumer electronics sector, Tuya maintained resilient profitability and solid business growth in the first half of 2025. Revenue grew by approximately 15% year over year, while the Company’s non-GAAP operating profit rose by around 127%, demonstrating the resilience of our business model and our effective operating leverage. Looking ahead, we will remain committed to our long-term strategy, cultivating deep relationships with core customers and exploring opportunities in regional markets while optimizing resource allocation. Through sound financial management and continuous innovation, Tuya aims to create lasting value for our shareholders and the broader industry.”