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
DateValue
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