Tuya (TUYA) Gross Margin (2020 - 2026)

Tuya has reported Gross Margin for 7 years, with the latest figure at 46.86% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 168.0% year-over-year to 46.86%; the trailing twelve-month figure through Mar 2026 stood at 47.81% (up 25.0% YoY), and the FY2025 full-year result was 48.18%, up 82.0% from the prior year.
• Gross Margin for Q1 2026 stood at 46.86%, down from 47.63% in the prior quarter.
• The five-year high for Gross Margin was 48.54% in Q1 2025, with the low at 41.25% in Q1 2022.
• Historically, Gross Margin has averaged 46.14% across 5 years, with a median of 46.8% in 2023.
• Annual changes were most pronounced in 2023 — Gross Margin soared 394 bps — and 2026, when it tumbled 168 bps.
• Tuya's Gross Margin stood at 44.57% in 2022, then increased by 6 bps to 47.29% in 2023, then rose by 1 bps to 47.82% in 2024, then retreated by 0 bps to 47.63% in 2025, then dropped by 2 bps to 46.86% in 2026.
• The last three Gross Margin figures came in at 46.86% (Q1 2026), 47.63% (Q4 2025), and 48.25% (Q3 2025), per Business Quant data.