2023 Q4 Form 20-F Financial Statement

#000110465924050855 Filed on April 24, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $64.41M $230.0M
YoY Change 42.23% 10.48%
Cost Of Revenue $33.95M $123.3M
YoY Change 35.25% 3.86%
Gross Profit $30.46M $106.7M
YoY Change 50.91% 19.27%
Gross Profit Margin 47.29% 46.37%
Selling, General & Admin $34.69M $121.1M
YoY Change 26.68% -1.68%
% of Gross Profit 113.88% 113.55%
Research & Development $22.81M $102.3M
YoY Change -17.94% -29.44%
% of Gross Profit 74.86% 95.9%
Depreciation & Amortization $2.449M
YoY Change -28.87%
% of Gross Profit 2.3%
Operating Expenses $54.09M $212.5M
YoY Change 2.02% -17.52%
Operating Profit -$23.62M -$105.8M
YoY Change -28.04% -37.08%
Interest Expense $13.15M $45.65M
YoY Change 29.81% 117.49%
% of Operating Profit
Other Income/Expense, Net $778.0K $3.113M
YoY Change -0.13% 7.2%
Pretax Income -$9.694M -$57.07M
YoY Change -55.77% -60.45%
Income Tax $1.122M $3.249M
% Of Pretax Income
Net Earnings -$10.82M -$60.32M
YoY Change -52.42% -58.74%
Net Earnings / Revenue -16.79% -26.23%
Basic Earnings Per Share -$0.11
Diluted Earnings Per Share -$0.02 -$0.11
COMMON SHARES
Basic Shares Outstanding 555.5M
Diluted Shares Outstanding 555.5M

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $789.7M $789.7M
YoY Change -17.25% -17.25%
Cash & Equivalents $498.7M $498.7M
Short-Term Investments $291.0M $291.0M
Other Short-Term Assets $11.05M $11.05M
YoY Change 26.29% 26.29%
Inventory $32.87M $32.87M
Prepaid Expenses
Receivables $9.214M $9.214M
Other Receivables $4.955M $4.955M
Total Short-Term Assets $847.8M $847.8M
YoY Change -17.16% -17.16%
LONG-TERM ASSETS
Property, Plant & Equipment $10.24M $10.24M
YoY Change -24.53% -24.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $207.5M $207.5M
YoY Change 1050.73% 1050.73%
Other Assets $877.0K $877.0K
YoY Change -25.61% -25.61%
Total Long-Term Assets $218.6M $218.6M
YoY Change 567.02% 567.02%
TOTAL ASSETS
Total Short-Term Assets $847.8M $847.8M
Total Long-Term Assets $218.6M $218.6M
Total Assets $1.066B $1.066B
YoY Change 0.97% 0.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.58M $11.58M
YoY Change 20.66% 20.66%
Accrued Expenses $36.69M $36.69M
YoY Change -1.46% -1.46%
Deferred Revenue $6.802M
YoY Change -0.28%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $87.53M $87.53M
YoY Change 7.69% 7.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.301M $8.301M
YoY Change -34.59% -34.59%
Total Long-Term Liabilities $8.301M $8.301M
YoY Change -34.59% -34.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.53M $87.53M
Total Long-Term Liabilities $8.301M $8.301M
Total Liabilities $95.84M $95.84M
YoY Change 1.98% 1.98%
SHAREHOLDERS EQUITY
Retained Earnings -$574.8M
YoY Change 11.82%
Common Stock $1.616B
YoY Change 1.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $970.6M $970.6M
YoY Change
Total Liabilities & Shareholders Equity $1.066B $1.066B
YoY Change 0.97% 0.97%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$10.82M -$60.32M
YoY Change -52.42% -58.74%
Depreciation, Depletion And Amortization $2.449M
YoY Change -28.87%
Cash From Operating Activities $31.76M $36.44M
YoY Change -23114.49% -151.58%
INVESTING ACTIVITIES
Capital Expenditures $1.499M
YoY Change 111.13%
Acquisitions
YoY Change
Other Investing Activities $299.8M $332.5M
YoY Change -281.34% -146.55%
Cash From Investing Activities $299.8M $332.5M
YoY Change -281.34% -146.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 162.0K -2.223M
YoY Change -104.72% -94.24%
NET CHANGE
Cash From Operating Activities 31.76M 36.44M
Cash From Investing Activities 299.8M 332.5M
Cash From Financing Activities 162.0K -2.223M
Net Change In Cash 331.7M 366.7M
YoY Change -296.41% -144.53%
FREE CASH FLOW
Cash From Operating Activities $31.76M $36.44M
Capital Expenditures $1.499M
Free Cash Flow $34.94M
YoY Change -148.97%

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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-146175000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
553527529
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
555466061
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Diluted
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CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Stock Issued During Period Value New Issues
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CY2021 tuya Stock Issued During Period Value Issuance Of Ordinary Shares Prior To Initial Public Offering
StockIssuedDuringPeriodValueIssuanceOfOrdinarySharesPriorToInitialPublicOffering
200000000
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2021 us-gaap Stock Repurchased During Period Value
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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1482000
CY2021 tuya Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net Total1
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66089000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1039000
CY2022 tuya Shares Issued During Period Value Upon Dual Primary Listing Net Of Issuance Cost
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022 tuya Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net Total1
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNetTotal1
69019000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
962167000
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00005
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00005
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00005
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
962167000
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2254000
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1187000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
15537000
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2722000
CY2023 tuya Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net Total1
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNetTotal1
65216000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
970565000
CY2021 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
65216000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3369000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3443000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2449000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6981000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4766000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4100000
CY2021 tuya Accounts And Financing Receivable Credit Loss Expense Reversal
AccountsAndFinancingReceivableCreditLossExpenseReversal
1030000
CY2022 tuya Accounts And Financing Receivable Credit Loss Expense Reversal
AccountsAndFinancingReceivableCreditLossExpenseReversal
288000
CY2023 tuya Accounts And Financing Receivable Credit Loss Expense Reversal
AccountsAndFinancingReceivableCreditLossExpenseReversal
1595000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
1806000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
4067000
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
3298000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-365000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
219000
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
221000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-618000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2441000
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
669000
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-2167000
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
697000
CY2021 tuya Unrealized Gain Loss On Long Term Investments
UnrealizedGainLossOnLongTermInvestments
-833000
CY2022 tuya Unrealized Gain Loss On Long Term Investments
UnrealizedGainLossOnLongTermInvestments
7449000
CY2023 tuya Unrealized Gain Loss On Long Term Investments
UnrealizedGainLossOnLongTermInvestments
-76000
CY2023 tuya Impairment Loss Of Long Term Investments
ImpairmentLossOfLongTermInvestments
15537000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23430000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20241000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1046000
CY2021 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
-7733000
CY2022 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
1374000
CY2023 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
2284000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
22121000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-13135000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9217000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13134000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8893000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1251000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
89000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-639000
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-290000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-10947000
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2617000
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1982000
CY2021 tuya Increase Decrease In Advance From Customers
IncreaseDecreaseInAdvanceFromCustomers
4010000
CY2022 tuya Increase Decrease In Advance From Customers
IncreaseDecreaseInAdvanceFromCustomers
-3455000
CY2023 tuya Increase Decrease In Advance From Customers
IncreaseDecreaseInAdvanceFromCustomers
4143000
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5938000
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2898000
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
93000
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-159000
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
689000
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
19109000
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-24280000
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1372000
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-7164000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4924000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3366000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
8484000
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1480000
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3113000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-126103000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-70654000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36443000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
468705000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1257697000
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
327244000
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
385549000
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
543790000
CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
853703000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6193000
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
710000
CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1499000
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
28000
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
464000
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
509000
CY2021 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2930000
CY2021 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
628000
CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
21334000
CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1575000
CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
193014000
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1503000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
332455000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
904732000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
64000000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
48678000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3339000
CY2021 tuya Proceeds From Issuance Of Ordinary Shares Prior To Initial Public Offering
ProceedsFromIssuanceOfOrdinarySharesPriorToInitialPublicOffering
200000000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1070000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1039000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1187000
CY2022 tuya Proceeds From Issuance Of Class Ordinary Shares Upon Net Of Cost Of Issuance
ProceedsFromIssuanceOfClassOrdinarySharesUponNetOfCostOfIssuance
9057000
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
71000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1041802000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38582000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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2879000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-7954000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1148000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
805621000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
365527000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158955000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
964576000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133161000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
964576000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133161000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
498688000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
616000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
843000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2819000
CY2021 tuya Conversion From Bridge Loan Into Investment
ConversionFromBridgeLoanIntoInvestment
2302000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
963938000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
133161000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
498688000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
638000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
964576000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133161000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
498688000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-indent:18pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;">(c)    Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 18pt;">The preparation of the Group’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, long-lived assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reporting periods in the consolidated financial statements and accompanying notes. Accounting estimates reflected in the Group’s consolidated financial statements include, but are not limited to impairment provision for inventories, valuation allowance for deferred tax assets, stand-alone selling prices (SSP) for each distinct performance obligation, the valuation of ordinary shares, share-based compensation, long-term investments, and the determination of allowance for current expected credit losses. Estimates are based on historical experiences and on various assumptions that the Group believes are reasonable under current circumstances. Given the changes in circumstances, facts and experience may cause the Group to revise its estimates, actual results could differ materially from those estimates.</p>
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
25583000
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
1575000
CY2022 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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-9493000
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
17665000
CY2023 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-7791000
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
9874000
CY2023 tuya Accounts And Financing Receivable Credit Loss Expense Reversal
AccountsAndFinancingReceivableCreditLossExpenseReversal
1595000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
304000
CY2023 tuya Cash Settlement From Commercial Banks Period
CashSettlementFromCommercialBanksPeriod
P6M
CY2021 tuya Bank Acceptance Notes Endorsed
BankAcceptanceNotesEndorsed
0
CY2022 tuya Bank Acceptance Notes Endorsed
BankAcceptanceNotesEndorsed
0
CY2023 tuya Bank Acceptance Notes Endorsed
BankAcceptanceNotesEndorsed
670000
CY2021 tuya Bank Acceptance Notes Transferred Without Recourse
BankAcceptanceNotesTransferredWithoutRecourse
13814000
CY2022 tuya Bank Acceptance Notes Transferred Without Recourse
BankAcceptanceNotesTransferredWithoutRecourse
4620000
CY2023 tuya Bank Acceptance Notes Transferred Without Recourse
BankAcceptanceNotesTransferredWithoutRecourse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 tuya Number Of Subsidiaries
NumberOfSubsidiaries
2
CY2023 tuya Value Added Tax Receivable Percentage
ValueAddedTaxReceivablePercentage
0.03
CY2021 tuya Vat Refund Received
VatRefundReceived
8919000
CY2022 tuya Vat Refund Received
VatRefundReceived
6211000
CY2023 tuya Vat Refund Received
VatRefundReceived
7037000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
302076000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
208172000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229990000
CY2023 tuya Services Expiration Period
ServicesExpirationPeriod
P12M
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7215000
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7308000
CY2022Q4 tuya Contract With Customer Liability Deferred Revenue And Advance From Customers
ContractWithCustomerLiabilityDeferredRevenueAndAdvanceFromCustomers
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CY2023Q4 tuya Contract With Customer Liability Deferred Revenue And Advance From Customers
ContractWithCustomerLiabilityDeferredRevenueAndAdvanceFromCustomers
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EmployeeSocialSecurityAndWelfareBenefitsExpenses
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EmployeeSocialSecurityAndWelfareBenefitsExpenses
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UnrecognizedTaxBenefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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TimeDepositAssets
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CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2023Q4 us-gaap Accounts Receivable Gross Current
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2023Q4 us-gaap Inventory Finished Goods
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CY2023Q4 us-gaap Inventory Adjustments
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CY2023Q4 us-gaap Inventory Net
InventoryNet
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IncreaseDecreaseInInventoryWriteDown
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CY2022 tuya Increase Decrease In Inventory Write Down
IncreaseDecreaseInInventoryWriteDown
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CY2022Q4 us-gaap Supplies
Supplies
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DepositsAssetsCurrent
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CY2023Q4 tuya Deposits Assets Current Allowance For Credit Losses
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2022Q4 us-gaap Deposits Assets Noncurrent
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PrepaidExpenseAndOtherAssetsNoncurrent
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
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LeaseCost
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CY2022 us-gaap Lease Cost
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OperatingLeasePayments
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q4 tuya Lessee Operating Lease Liability To Be Paid Year Six
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LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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OperatingLeaseLiability
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CY2023Q4 us-gaap Deposits
Deposits
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CY2023Q4 tuya Sales Return Allowances Current
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ReimbursementPaymentFromDepositaryBank
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CY2022Q2 tuya Reimbursement Payment From Depositary Bank
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CY2023Q4 us-gaap Treasury Stock Shares Retired
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CY2023Q4 tuya Common Stock Value Authorized
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