Tuya (TUYA) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $229.99M | 10.48% |
| 2022-12-31 | $208.17M | -31.09% |
| 2021-12-31 | $302.08M | 67.94% |
| 2020-12-31 | $179.87M | 70.03% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $61.66M | -4.27% |
| 2023-12-31 | $64.41M | 5.44% |
| 2023-09-30 | $61.09M | 7.17% |
| 2023-06-30 | $57.00M | 20.05% |
| 2023-03-31 | $47.48M | 4.86% |
| 2022-12-31 | $45.29M | 0.60% |
| 2022-09-30 | $45.02M | -28.03% |
| 2022-06-30 | $62.55M | 13.06% |
| 2022-03-31 | $55.32M | -26.20% |
| 2021-12-31 | $74.97M | -12.40% |
| 2021-09-30 | $85.58M | 1.08% |
| 2021-06-30 | $84.66M | 48.88% |
| 2021-03-31 | $56.87M | -9.75% |
| 2020-12-31 | $63.02M | 6.66% |
| 2020-09-30 | $59.08M | 52.14% |
| 2020-06-30 | $38.83M | 104.97% |
| 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/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| SaaS | $19.40M | $10.58M | $3.52M |
| Membership | $851.00K | $5.24M | $6.86M |
| Cloud-based Connectivity and Basic IoT Services | $1.24M | $2.17M | $1.55M |
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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $211.98B |
| ACIW | ACI Worldwide | $1.45B | $373.48M |
| CSGS | CSG Systems | $1.17B | $295.13M |
| NTCT | NetScout Systems | $829.46M | $174.56M |
| PRTH | Priority Technology | $755.61M | $205.72M |
| STER | Sterling Check | $719.64M | $200.53M |
| EVCM | EverCommerce | $675.37M | $177.39M |
| QLYS | Qualys | $554.46M | $148.71M |
| GB | Global Blue Group | $422.30M | $105.24M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.50M |
| RPAY | Repay | $296.63M | $74.91M |
| SANG | Sangoma | $252.53M | $82.69M |
| OSPN | OneSpan | $235.11M | $60.92M |
| TUYA | Tuya | $229.99M | $61.66M |
| LVOX | LiveVox | $136.03M | $35.35M |
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, Membership, and Cloud-based Connectivity and Basic IoT Services. SaaS generated $19.4M in revenue, accounting 90.28% of the company's total revenue, up 83.35% year-over-year. Membership generated $851K in revenue, accounting 3.96% of the company's total revenue, down -83.77% 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.
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.