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
DateValue
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