Growth Metrics

Tuya (TUYA) Operating Margin (2020 - 2026)

Tuya filings provide 7 years of Operating Margin readings, the most recent being 9.24% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 1118.0% to 9.24% in Q1 2026 year-over-year; TTM through Mar 2026 was 5.54%, a 1603.0% increase, with the full-year FY2025 number at 3.57%, up 1951.0% from a year prior.
  • Operating Margin hit 9.24% in Q1 2026 for Tuya, down from 9.52% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 9.52% in Q4 2025 to a low of 100.29% in Q1 2022.
  • Median Operating Margin over the past 5 years was 28.4% (2023), compared with a mean of 35.03%.
  • Biggest five-year swings in Operating Margin: tumbled -3228bps in 2022 and later skyrocketed 5952bps in 2023.
  • Tuya's Operating Margin stood at 72.49% in 2022, then skyrocketed by 49bps to 36.68% in 2023, then skyrocketed by 87bps to 4.63% in 2024, then soared by 306bps to 9.52% in 2025, then dropped by -3bps to 9.24% in 2026.
  • The last three reported values for Operating Margin were 9.24% (Q1 2026), 9.52% (Q4 2025), and 4.6% (Q3 2025) per Business Quant data.