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
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