Tuya (TUYA) Net Margin (2020 - 2026)
Tuya (TUYA) reported Net Margin of 19.5% for Q1 2026, up 475.0% on a YoY basis from 3.39% in Q1 2025, and down 14.68% quarter-over-quarter from 22.86% in Q4 2025.
Tuya (TUYA) Net Margin (2020 - 2026) Analysis & Trends
Tuya has reported Net Margin for 7 years, with the latest figure at 19.5% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 475.0% year-over-year to 19.5%; the trailing twelve-month figure through Mar 2026 stood at 18.94% (up 1266.0% YoY), and the FY2025 full-year result was 17.99%, up 1632.0% from the prior year.
- Net Margin for Q1 2026 stood at 19.5%, down from 22.86% in the prior quarter.
- The five-year high for Net Margin was 22.86% in Q4 2025, with the low at 99.33% in Q1 2022.
- Historically, Net Margin has averaged 19.13% across 5 years, with a median of 6.89% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin slumped 2805 bps — and 2023, when it jumped 6103 bps.
- Tuya's Net Margin stood at 50.19% in 2022, then jumped by 67 bps to 16.79% in 2023, then jumped by 171 bps to 11.92% in 2024, then surged by 92 bps to 22.86% in 2025, then retreated by 15 bps to 19.5% in 2026.
- The last three Net Margin figures came in at 19.5% (Q1 2026), 22.86% (Q4 2025), and 18.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,819.83 Bn | 2,741.56 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,056.91 Bn | 1,042.76 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 530.68 Bn | 492.11 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 306.85 Bn | 298.93 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 199.03 Bn | 194.49 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 170.56 Bn | 167.51 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 106.91 Bn | 103.62 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 86.43 Bn | 86.31 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 79.42 Bn | 78.48 Bn | 455.60 Mn | -3.58% |
| 10 | Tuya | 1.14 Bn | -16.83 Mn | 37.90 Mn | 19.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.50% |
| Dec 31, 2025 | 22.86% |
| Sep 30, 2025 | 18.15% |
| Mar 31, 2025 | 14.75% |
| Dec 31, 2024 | 11.92% |
| Sep 30, 2024 | -5.36% |
| Jun 30, 2024 | 4.27% |
| Mar 31, 2024 | -5.75% |
| Dec 31, 2023 | -16.79% |
| Sep 30, 2023 | -8.03% |
| Jun 30, 2023 | -41.31% |
| Mar 31, 2023 | -44.32% |
| Dec 31, 2022 | -50.19% |
| Sep 30, 2022 | -69.06% |
| Jun 30, 2022 | -57.35% |
| Mar 31, 2022 | -99.33% |
| Dec 31, 2021 | -65.15% |
| Sep 30, 2021 | -55.99% |
| Jun 30, 2021 | -45.04% |
| Mar 31, 2021 | -71.28% |