Tuya Inc - Understand $tuya stock

$TUYA Market Cap: $976 Million

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Financial Snapshot

Revenue

$260.4M

TTM

Gross Margin

47.46%

TTM

Net Earnings

-$16.14M

TTM

Current Assets

$851.3M

Q2 2024

Current Liabilities

$84.94M

Q2 2024

Current Ratio

1002.24%

Q2 2024

Total Assets

$1.090B

Q2 2024

Total Liabilities

$89.78M

Q2 2024

Book Value

$999.9M

Q2 2024

Cash

$614.8M

Q2 2024

P/E

-60.49

Nov 14, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$230.0M	$208.2M	$302.1M	$179.9M	$105.8M
YoY Change	10.48%	-31.09%	67.91%	70.04%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$230.0M	$208.2M	$302.1M	$179.9M	$105.8M
Cost Of Revenue	$123.3M	$118.7M	$174.2M	$117.9M	$78.00M
Gross Profit	$106.7M	$89.42M	$127.9M	$61.90M	$27.80M
Gross Profit Margin	46.37%	42.96%	42.33%	34.41%	26.28%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$121.1M	$123.2M	$147.0M	$55.40M	$49.20M
YoY Change	-1.68%	-16.19%	165.29%	12.6%
% of Gross Profit	113.55%	137.74%	114.94%	89.5%	176.98%
Research & Development	$102.3M	$144.9M	$174.3M	$77.40M	$52.00M
YoY Change	-29.44%	-16.84%	125.18%	48.85%
% of Gross Profit	95.9%	162.09%	136.3%	125.04%	187.05%
Depreciation & Amortization	$2.449M	$3.443M	$3.369M	$1.660M	$760.0K
YoY Change	-28.87%	2.2%	102.95%	118.42%
% of Gross Profit	2.3%	3.85%	2.63%	2.68%	2.73%
Operating Expenses	$212.5M	$257.6M	$311.4M	$131.8M	$101.2M
YoY Change	-17.52%	-17.28%	136.29%	30.24%
Operating Profit	-$105.8M	-$168.2M	-$183.6M	-$69.90M	-$73.40M
YoY Change	-37.08%	-8.38%	162.6%	-4.77%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$45.65M	$20.99M	$6.668M	$3.100M	$3.100M
YoY Change	117.49%	214.74%	115.1%	0.0%
% of Operating Profit
Other Income/Expense, Net	$3.113M	$2.904M	$1.958M
YoY Change	7.2%	48.31%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	-$57.07M	-$144.3M	-$174.9M	-$66.70M	-$70.40M
YoY Change	-60.45%	-17.51%	162.27%	-5.26%
Income Tax	$3.249M	$1.880M	$490.0K	$200.0K	$100.0K
% Of Pretax Income
Net Earnings	-$60.32M	-$146.2M	-$175.4M	-$66.90M	-$70.50M
YoY Change	-58.74%	-16.67%	162.22%	-5.11%
Net Earnings / Revenue	-26.23%	-70.22%	-58.07%	-37.19%	-66.64%
Basic Earnings Per Share	-$0.11	-$0.26	-$0.36	-$0.30
Diluted Earnings Per Share	-$0.11	-$0.26	-$358.6K	-$119.5K	-$125.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$789.7M	$954.3M	$1.066B	$179.8M	$229.9M
YoY Change	-17.25%	-10.48%	492.92%	-21.79%
Cash & Equivalents	$498.7M	$133.2M	$963.9M	$158.8M	$213.3M
Short-Term Investments	$291.0M	$821.1M	$102.1M	$21.00M	$16.70M
Other Short-Term Assets	$11.05M	$8.752M	$27.01M	$4.000M	$6.600M
YoY Change	26.29%	-67.6%	575.23%	-39.39%
Inventory	$32.87M	$45.38M	$62.58M	$42.30M	$23.00M
Prepaid Expenses
Receivables	$9.214M	$12.17M	$32.70M	$12.30M	$5.400M
Other Receivables	$4.955M	$2.767M	$2.904M	$9.700M	$1.700M
Total Short-Term Assets	$847.8M	$1.023B	$1.191B	$248.0M	$266.7M
YoY Change	-17.16%	-14.09%	380.35%	-7.01%
Property, Plant & Equipment	$10.24M	$13.56M	$28.99M	$16.60M	$11.50M
YoY Change	-24.53%	-53.21%	74.61%	44.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$207.5M	$18.03M	$26.08M	$900.0K	$400.0K
YoY Change	1050.73%	-30.86%	2797.56%	125.0%
Other Assets	$877.0K	$1.179M	$1.818M	$1.700M	$800.0K
YoY Change	-25.61%	-35.15%	6.94%	112.5%
Total Long-Term Assets	$218.6M	$32.77M	$56.88M	$19.30M	$12.70M
YoY Change	567.02%	-42.38%	194.73%	51.97%
Total Assets	$1.066B	$1.056B	$1.248B	$267.3M	$279.4M
YoY Change
Accounts Payable	$11.58M	$9.595M	$12.21M	$23.20M	$12.20M
YoY Change	20.66%	-21.43%	-47.36%	90.16%
Accrued Expenses	$36.69M	$37.23M	$44.60M	$32.10M	$19.40M
YoY Change	-1.46%	-16.51%	38.93%	65.46%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$87.53M	$81.28M	$109.1M	$91.90M	$50.40M
YoY Change	7.69%	-25.5%	18.71%	82.34%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$8.301M	$12.69M	$25.39M	$6.400M	$5.500M
YoY Change	-34.59%	-50.02%	296.73%	16.36%
Total Long-Term Liabilities	$8.301M	$12.69M	$25.39M	$6.400M	$5.500M
YoY Change	-34.59%	-50.02%	296.73%	16.36%
Total Liabilities	$95.84M	$93.97M	$134.5M	$98.30M	$55.80M
YoY Change	1.98%	-30.13%	36.81%	76.16%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	555.5M	553.5M	489.1M	222.0M
Diluted Shares Outstanding	555.5M	553.5M	489.1M	222.0M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $976.02 Million

About Tuya Inc

Tuya Inc is a CN-based company operating in Software industry. The company is headquartered in Hangzhou, Zhejiang and currently employs 1,465 full-time employees. The company went IPO on 2021-03-18. Tuya Inc is a China-based holding company principally engaged in the provision of Internet of Things (IoT) cloud development platforms and services. The firm offers a variety of services through its IoT cloud development platform, including IoT Platform-as-a-Service (PaaS), Industry Software-as-a-Service (SaaS), cloud-based value-added services and others. Its platform allows customers to access a common infrastructure and all the ready-to-use software, development tools and services needed to develop and manage smart devices. Its products are mainly used in smart home, smart business, healthcare, education, agriculture, outdoor sports and entertainment.

Industry: Services-Prepackaged Software Peers: Agora Inc Moatable Inc