Tuya (TUYA) Research & Development (2020 - 2026)
Tuya (TUYA) posted Research & Development of -$22.0 million for Q1 2026, down 1.12% on a QoQ basis from -$21.7 million in Q4 2025, and up 3.67% year-over-year from -$21.2 million in Q1 2025.
Tuya (TUYA) Research & Development (2020 - 2026) Analysis & Trends
Tuya's Research & Development history runs 7 years deep, the most recent figure standing at -$22.0 million for 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 was -$22.0 million for Q1 2026 at Tuya, down from -$21.7 million in the prior quarter.
- Across five years, Research & Development topped out at -$21.7 million in Q4 2025 and bottomed at -$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 sank 37.11% — and 2023, when it soared 41.05%.
- Tuya's Research & Development stood at -$27.8 million in 2022, then rose by 17.94% to -$22.8 million in 2023, then dropped by 3.94% to -$23.7 million in 2024, then gained by 8.34% to -$21.7 million in 2025, then decreased by 1.12% to -$22.0 million in 2026.
- Business Quant data shows TUYA's Research & Development at -$22.0 million in Q1 2026, -$21.7 million in Q4 2025, and -$22.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | - |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Tuya | 1.01 Bn | -950.14 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 |