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Tuya (TUYA) Revenue & Revenue Breakdown

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Tuya Revenue Highlights

Latest Revenue (Y)

$229.99M

Latest Revenue (Q)

$61.66M

Main Segment (Y)

SaaS

Tuya Revenue by Period

Tuya Revenue by Year

DateRevenueChange
2023-12-31$229.99M10.48%
2022-12-31$208.17M-31.09%
2021-12-31$302.08M67.94%
2020-12-31$179.87M70.03%
2019-12-31$105.79M-

Tuya generated $229.99M in revenue during NA 2023, up 10.48% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Tuya Revenue by Quarter

DateRevenueChange
2024-03-31$61.66M-4.27%
2023-12-31$64.41M5.44%
2023-09-30$61.09M7.17%
2023-06-30$57.00M20.05%
2023-03-31$47.48M4.86%
2022-12-31$45.29M0.60%
2022-09-30$45.02M-28.03%
2022-06-30$62.55M13.06%
2022-03-31$55.32M-26.20%
2021-12-31$74.97M-12.40%
2021-09-30$85.58M1.08%
2021-06-30$84.66M48.88%
2021-03-31$56.87M-9.75%
2020-12-31$63.02M6.66%
2020-09-30$59.08M52.14%
2020-06-30$38.83M104.97%
2020-03-31$18.95M-

Tuya generated $61.66M in revenue during Q1 2024, up -4.27% compared to the previous quarter, and up 136.16% compared to the same period a year ago.

Tuya Revenue Breakdown

Tuya Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
SaaS$19.40M$10.58M$3.52M
Cloud-based Connectivity and Basic IoT Services$1.24M$2.17M$1.55M
Membership$851.00K$5.24M$6.86M

Tuya's latest annual revenue breakdown by segment (product or service), as of Dec 23: SaaS (90.28%), Cloud-based Connectivity and Basic IoT Services (5.76%), and Membership (3.96%).

Tuya Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ACIWACI Worldwide$1.45B$451.75M
CSGSCSG Systems$1.17B$295.14M
NTCTNetScout Systems$829.46M$191.11M
PRTHPriority Technology$755.61M$219.87M
EVTCEVERTEC$694.71M$211.79M
EVCMEverCommerce$675.37M$176.26M
QLYSQualys$554.46M$153.87M
GBGlobal Blue Group$422.30M$131.96M
CCSIConsensus Cloud Solutions$362.56M$87.75M
RPAYRepay$296.63M$79.14M
SANGSangoma$252.53M$82.69M
OSPNOneSpan$235.11M$56.24M
TUYATuya$229.99M$61.66M

TUYA Revenue FAQ

What is Tuya’s yearly revenue?

Tuya's yearly revenue for 2023 was $229.99M, representing an increase of 10.48% compared to 2022. The company's yearly revenue for 2022 was $208.17M, representing a decrease of -31.09% compared to 2021. TUYA's yearly revenue for 2021 was $302.08M, representing an increase of 67.94% compared to 2020.

What is Tuya’s quarterly revenue?

Tuya's quarterly revenue for Q1 2024 was $61.66M, a -4.27% decrease from the previous quarter (Q4 2023), and a 29.86% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $64.41M, a 5.44% increase from the previous quarter (Q3 2023), and a 42.23% increase year-over-year (Q4 2022). TUYA's quarterly revenue for Q3 2023 was $61.09M, a 7.17% increase from the previous quarter (Q2 2023), and a 35.71% increase year-over-year (Q3 2022).

What is Tuya’s revenue growth rate?

Tuya's revenue growth rate for the last 3 years (2021-2023) was -23.86%, and for the last 5 years (2019-2023) was 117.40%.

What are Tuya’s revenue streams?

Tuya's revenue streams in c 23 are SaaS, Cloud-based Connectivity and Basic IoT Services, and Membership. SaaS generated $19.4M in revenue, accounting 90.28% of the company's total revenue, up 83.35% year-over-year. Cloud-based Connectivity and Basic IoT Services generated $1.24M in revenue, accounting 5.76% of the company's total revenue, down -42.89% year-over-year. Membership generated $851K in revenue, accounting 3.96% of the company's total revenue, down -83.77% year-over-year.

What is Tuya’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Tuya was SaaS. This segment made a revenue of $19.4M, representing 90.28% of the company's total revenue.