Tuya (TUYA) Cost of Revenue (2020 - 2026)
Tuya (TUYA) posted Cost of Revenue of $43.0 million for Q1 2026, down 2.85% on a QoQ basis from $44.2 million in Q4 2025, and up 11.83% year-over-year from $38.4 million in Q1 2025.
Tuya (TUYA) Cost of Revenue (2020 - 2026) Analysis & Trends
Tuya's Cost of Revenue history runs 7 years deep, the most recent figure standing at $43.0 million for Q1 2026.
- Quarterly Cost of Revenue rose 11.83% year-over-year to $43.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $168.4 million (up 3.0% YoY) and the FY2025 annual result came in at $166.8 million, up 6.08% from the prior year.
- Cost of Revenue was $43.0 million for Q1 2026 at Tuya, down from $44.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $44.2 million in Q4 2025 and bottomed at $25.1 million in Q4 2022.
- A 5-year average of $35.5 million and a median of $34.9 million in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue sank 48.38% — and 2024, when it jumped 35.42%.
- Tuya's Cost of Revenue stood at $25.1 million in 2022, then soared by 35.25% to $33.9 million in 2023, then gained by 26.14% to $42.8 million in 2024, then climbed by 3.33% to $44.2 million in 2025, then retreated by 2.85% to $43.0 million in 2026.
- Business Quant data shows TUYA's Cost of Revenue at $43.0 million in Q1 2026, $44.2 million in Q4 2025, and $42.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | - |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Tuya | 1.01 Bn | -950.14 Bn | 37.90 Mn | 42.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.98 Mn |
| Mar 31, 2026 | 42.98 Mn |
| Dec 31, 2025 | 44.25 Mn |
| Dec 31, 2025 | 44.25 Mn |
| Sep 30, 2025 | 42.69 Mn |
| Sep 30, 2025 | 42.69 Mn |
| Mar 31, 2025 | 38.44 Mn |
| Mar 31, 2025 | 38.44 Mn |
| Dec 31, 2024 | 42.82 Mn |
| Dec 31, 2024 | 42.82 Mn |
| Sep 30, 2024 | 44.10 Mn |
| Sep 30, 2024 | 44.10 Mn |
| Jun 30, 2024 | 38.09 Mn |
| Jun 30, 2024 | 38.09 Mn |
| Mar 31, 2024 | 32.18 Mn |
| Mar 31, 2024 | 32.18 Mn |
| Dec 31, 2023 | 33.95 Mn |
| Dec 31, 2023 | 33.95 Mn |
| Sep 30, 2023 | 32.57 Mn |
| Sep 30, 2023 | 32.57 Mn |