Tuya (TUYA) Operating Expenses (2020 - 2026)
Tuya (TUYA) posted Operating Expenses of -$30.4 million for Q1 2026, up 5.5% on a QoQ basis from -$32.2 million in Q4 2025, and up 19.3% year-over-year from -$25.5 million in Q1 2025.
Tuya (TUYA) Operating Expenses (2020 - 2026) Analysis & Trends
Tuya's Operating Expenses history runs 7 years deep, the most recent figure standing at -$30.4 million for 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 was -$30.4 million for Q1 2026 at Tuya, up from -$32.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$30.4 million in Q1 2026 and bottomed at -$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.
- Peak annual rise in Operating Expenses reached 36.82% in 2022, while the deepest fall reached 21.1% in 2022.
- Tuya's Operating Expenses stood at -$53.0 million in 2022, then decreased by 2.02% to -$54.1 million in 2023, then grew by 20.44% to -$43.0 million in 2024, then increased by 25.18% to -$32.2 million in 2025, then advanced by 5.5% to -$30.4 million in 2026.
- Business Quant data shows TUYA's Operating Expenses at -$30.4 million in Q1 2026, -$32.2 million in Q4 2025, and -$36.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Tuya | 1.01 Bn | -950.14 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 |