Strong Revenue Growth
Tuya Inc. achieved approximately 21% year-over-year revenue growth in Q1 2025, reaching $74.7 million.
Record GAAP Net Profit
Tuya Inc. reported a record GAAP net profit with a net profit margin of around 15%, a significant improvement year-over-year.
Robust Regional Performance
Europe accounted for about one-third of total revenue, with strong contributions from Asia Pacific, China, and Latin America, maintaining a diversified revenue structure.
AI and Smart Solutions Expansion
The launch of Tuya's AI agent development platform and smart solutions like AI energy assistance and video AI products indicate strategic expansion in AI capabilities.
Operational Efficiency
Net operational expenses decreased by nearly 18% year-over-year, with a substantial reduction in share-based compensation expenses.
MSCI ESG Rating Upgrade
Tuya Inc.’s ESG rating was upgraded from single A to double A by MSCI, particularly excelling in secure and compliance fields.