Tuya (TUYA) Operating Expenses (2020 - 2026)
Tuya's (TUYA) quarterly Operating Expenses came in at -$33.7 million in Q2 2026, up 10.4% on a YoY basis from -$30.6 million in Q2 2025, and down 10.89% quarter-over-quarter from -$30.4 million in Q1 2026.
Analysis
Tuya (TUYA) Operating Expenses (2020 - 2026) Analysis & Trends
Tuya (TUYA) has reported Operating Expenses for 7 consecutive years, with -$33.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 10.4% year-over-year to -$33.7 million; the trailing twelve-month figure through Jun 2026 stood at -$132.4 million (up 23.5% YoY), and the FY2025 full-year result was -$143.6 million, up 24.06% from the prior year.
- Operating Expenses declined to -$33.7 million in Q2 2026 per TUYA's latest filing, from -$30.4 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.
- Historically, Operating Expenses has averaged -$48.2 million across 5 years, with a median of -$46.4 million in 2023.
- The widest YoY moves for Operating Expenses: up 36.82% in 2022, down 21.1% in 2022.
- Over 5 years, 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 fell by 4.8% to -$33.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$33.7 million, -$30.4 million, and -$32.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 12.28 Bn |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 7.29 Bn |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 758.20 Mn |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | 2.62 Bn |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 540.28 Mn |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 125.29 Mn |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | -65.32 Mn |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | 8.69 Mn |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | -33.74 Mn |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -33.74 Mn |
| Mar 31, 2026 | -30.43 Mn |
| Dec 31, 2025 | -32.20 Mn |
| Sep 30, 2025 | -36.01 Mn |
| Jun 30, 2025 | -37.66 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 |