Tuya Inc. Q3 2025 Earnings Recap

TUYA Q3 2025 November 26, 2025

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Tuya Inc. reported a total revenue of approximately $82.5 million in Q3 2025, marking its ninth consecutive quarter of year-over-year growth despite a challenging macroeconomic environment.

Earnings Per Share Beat

$0.03 vs $0.03 est.

+0.0% surprise

Revenue Beat

82487000 vs 81618000 est.

+1.1% surprise

Market Reaction

1-Day -5.15%

5-Day -3.0%

30-Day -2.58%

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Key Takeaways

Total revenue rose 1.1% year-over-year, driven by a resilient PaaS business, which generated $59.2 million.
Non-GAAP net margin improved to 24.4%, while GAAP net margin expanded significantly to 18.2%, reflecting strong operational efficiency.
AI-equipped smart devices constituted 93.99% of total shipments, highlighting the rapid integration of AI across Tuya’s product offerings.
SaaS and other revenues surged by 15.4%, fueled by increased device installations and a growing share of recurring revenues.
Continued investment in AI solutions, including the upcoming universal AI life assistance app set for release at CES, positions Tuya for enhanced market relevance and innovation momentum.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit TUYA on AllInvestView.