Tuya (TUYA) Cost of Revenue (2020 - 2026)
Tuya's (TUYA) quarterly Cost of Revenue came in at $43.0 million in Q1 2026, up 11.83% YoY from $38.4 million in Q1 2025, and down 2.85% on a QoQ basis from $44.2 million in Q4 2025.
Tuya (TUYA) Cost of Revenue (2020 - 2026) Analysis & Trends
Tuya (TUYA) has 7 years of Cost of Revenue data on file, last reported at $43.0 million in 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 slipped to $43.0 million in Q1 2026, from $44.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $44.2 million in Q4 2025 to a low of $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 slumped 48.38% — and 2024, when it jumped 35.42%.
- Tracing TUYA's Cost of Revenue over 5 years: stood at $25.1 million in 2022, then jumped by 35.25% to $33.9 million in 2023, then increased by 26.14% to $42.8 million in 2024, then gained by 3.33% to $44.2 million in 2025, then declined by 2.85% to $43.0 million in 2026.
- The last three Cost of Revenue figures came in at $43.0 million (Q1 2026), $44.2 million (Q4 2025), and $42.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 296.87 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Tuya | 2.23 Bn | -948.93 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 |