Tuya (TUYA) Research & Development (2020 - 2026)
Tuya's (TUYA) quarterly Research & Development came in at -$22.0 million in Q1 2026, up 3.67% YoY from -$21.2 million in Q1 2025, and down 1.12% on a QoQ basis from -$21.7 million in Q4 2025.
Tuya (TUYA) Research & Development (2020 - 2026) Analysis & Trends
Tuya (TUYA) has 7 years of Research & Development data on file, last reported at -$22.0 million in Q1 2026.
- Quarterly Research & Development rose 3.67% year-over-year to -$22.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$89.3 million (up 5.4% YoY) and the FY2025 annual result came in at $89.7 million, down 5.64% from the prior year.
- Research & Development retreated to -$22.0 million in Q1 2026, from -$21.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$21.7 million in Q4 2025 to a low of -$47.6 million in Q1 2022.
- A 5-year average of -$27.0 million and a median of -$24.3 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development slumped 37.11% — and 2023, when it soared 41.05%.
- Tracing TUYA's Research & Development over 5 years: stood at -$27.8 million in 2022, then grew by 17.94% to -$22.8 million in 2023, then decreased by 3.94% to -$23.7 million in 2024, then increased by 8.34% to -$21.7 million in 2025, then fell by 1.12% to -$22.0 million in 2026.
- The last three Research & Development figures came in at -$22.0 million (Q1 2026), -$21.7 million (Q4 2025), and -$22.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.01 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 339.50 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Tuya | 2.23 Bn | -948.93 Bn | 37.90 Mn | -21.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.97 Mn |
| Dec 31, 2025 | -21.73 Mn |
| Sep 30, 2025 | -22.78 Mn |
| Mar 31, 2025 | -22.81 Mn |
| Dec 31, 2024 | -23.71 Mn |
| Sep 30, 2024 | -24.88 Mn |
| Jun 30, 2024 | -22.99 Mn |
| Mar 31, 2024 | -23.47 Mn |
| Dec 31, 2023 | -22.81 Mn |
| Sep 30, 2023 | -24.95 Mn |
| Jun 30, 2023 | -26.47 Mn |
| Mar 31, 2023 | -28.05 Mn |
| Dec 31, 2022 | -27.79 Mn |
| Sep 30, 2022 | -32.34 Mn |
| Jun 30, 2022 | -37.22 Mn |
| Mar 31, 2022 | -47.59 Mn |
| Dec 31, 2021 | -46.19 Mn |
| Sep 30, 2021 | -50.74 Mn |
| Jun 30, 2021 | -42.66 Mn |
| Mar 31, 2021 | -34.71 Mn |