Tuya (TUYA) Operating Expenses (2020 - 2026)
Tuya's (TUYA) quarterly Operating Expenses came in at -$30.4 million in Q1 2026, up 19.3% YoY from -$25.5 million in Q1 2025, and up 5.5% on a QoQ basis from -$32.2 million in Q4 2025.
Tuya (TUYA) Operating Expenses (2020 - 2026) Analysis & Trends
Tuya (TUYA) has 7 years of Operating Expenses data on file, last reported at -$30.4 million in Q1 2026.
- Quarterly Operating Expenses rose 19.3% year-over-year to -$30.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$136.3 million (up 24.64% YoY) and the FY2025 annual result came in at $143.6 million, down 24.06% from the prior year.
- Operating Expenses climbed to -$30.4 million in Q1 2026, from -$32.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$30.4 million in Q1 2026 to a low of -$78.3 million in Q1 2022.
- A 5-year average of -$49.7 million and a median of -$50.0 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 36.82% in 2022, down 21.1% in 2022.
- Tracing TUYA's Operating Expenses over 5 years: stood at -$53.0 million in 2022, then fell by 2.02% to -$54.1 million in 2023, then advanced by 20.44% to -$43.0 million in 2024, then climbed by 25.18% to -$32.2 million in 2025, then rose by 5.5% to -$30.4 million in 2026.
- The last three Operating Expenses figures came in at -$30.4 million (Q1 2026), -$32.2 million (Q4 2025), and -$36.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Tuya | 2.23 Bn | -948.93 Bn | 37.90 Mn | -30.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -30.43 Mn |
| Dec 31, 2025 | -32.20 Mn |
| Sep 30, 2025 | -36.01 Mn |
| Mar 31, 2025 | -37.70 Mn |
| Dec 31, 2024 | -43.03 Mn |
| Sep 30, 2024 | -54.63 Mn |
| Jun 30, 2024 | -45.54 Mn |
| Mar 31, 2024 | -45.85 Mn |
| Dec 31, 2023 | -54.09 Mn |
| Sep 30, 2023 | -47.01 Mn |
| Jun 30, 2023 | -58.06 Mn |
| Mar 31, 2023 | -53.32 Mn |
| Dec 31, 2022 | -53.02 Mn |
| Sep 30, 2022 | -60.06 Mn |
| Jun 30, 2022 | -66.23 Mn |
| Mar 31, 2022 | -78.30 Mn |
| Dec 31, 2021 | -83.91 Mn |
| Sep 30, 2021 | -85.64 Mn |
| Jun 30, 2021 | -77.22 Mn |
| Mar 31, 2021 | -64.66 Mn |