TUYA

Technology

Tuya Inc. · Software - Infrastructure · $1B

UQS Score — Balanced Preset
47.9
Below Average

Tuya Inc. scores 47.9/100 using the Balanced preset.

UQS vs Technology Sector
TUYA
47.9
Sector avg
38.0
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Strong
Valuation
Attractive

What is Tuya Inc.?

Tuya Inc. is a global IoT cloud platform provider headquartered in Hangzhou, China. The company connects brands, manufacturers, and developers with the tools they need to build and manage smart devices at scale.

Tuya operates primarily through an IoT Platform-as-a-Service model, enabling original equipment manufacturers and brands to develop, launch, and manage connected smart devices. It also provides industry Software-as-a-Service for deploying and monitoring smart device networks across sectors including smart home, healthcare, education, and agriculture. Beyond platform services, Tuya offers cloud-based value-added services and sells finished smart devices, creating multiple revenue streams tied to the broader IoT ecosystem.

Tuya was incorporated in 2014 and is headquartered in Hangzhou, People's Republic of China.

  • IoT Platform-as-a-Service for smart device development and management
  • Industry SaaS for enterprise smart device deployment
  • Cloud-based value-added services for developers and end users
  • Finished smart device products across consumer and commercial categories
  • Solutions spanning smart home, healthcare, agriculture, and education verticals

Is TUYA a Good Stock to Buy?

UQS Score rates TUYA as Below Average overall.

The most notable bright spot in Tuya's profile is its Risk pillar, which rates as Strong — suggesting the balance sheet carries relatively limited financial distress risk compared to many small-cap technology peers. Valuation comes in at Neutral, meaning the stock is neither clearly expensive nor a standout bargain at current levels.

The Quality, Moat, and Growth pillars all rate as Weak, pointing to challenges around profitability, competitive differentiation, and near-term expansion trajectory that investors should weigh carefully.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does TUYA pay dividends?

Yes — Tuya Inc. pays a dividend.

Tuya does pay a regular dividend, which is relatively uncommon among small-cap technology and IoT platform companies that typically reinvest cash into growth. Investors seeking income should review the current yield category and payout cadence directly on Tuya's investor relations page, as dividend details can change with company policy or financial conditions.

When does TUYA report earnings?

Tuya Inc. reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

Given the Weak ratings across Quality and Growth pillars, recent reporting periods have reflected ongoing pressure on profitability and revenue expansion. The Strong Risk rating does suggest the company maintains a degree of financial stability despite these headwinds.

For the most recent quarter's results and guidance, visit Tuya Inc.'s official investor relations page.

TUYA Price History

-88.7% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Tuya Inc.?

$
Today it would be worth
$1,515
That's a -84.8% total return, or -31.4% annualized.

Based on Tuya Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

TUYA Long-term Outlook

Tuya's fundamental outlook reflects a company navigating a competitive and capital-intensive IoT platform market. The Weak Growth pillar suggests near-term revenue acceleration faces meaningful headwinds, while the Weak Moat rating indicates limited pricing power or switching-cost advantages relative to peers. The Strong Risk pillar provides some cushion, implying the business is not in acute financial danger, but the path to sustained quality improvement remains uncertain.

Growth drivers

  • Expanding global demand for connected smart home and commercial IoT devices
  • Cross-vertical platform adoption in healthcare, agriculture, and education
  • Cloud-based value-added services layered onto an existing device ecosystem

Key risks

  • Intense competition from larger, better-resourced IoT and cloud platform providers
  • Weak moat makes customer retention and pricing power difficult to sustain
  • Geopolitical and regulatory risks tied to China-headquartered technology companies

TUYA vs Peers

Tuya operates in a fragmented technology and platform space alongside companies that address overlapping needs in data connectivity, workflow automation, and enterprise software.

APPNTUYA scores higher
Appian Corporation

Appian focuses on low-code process automation for enterprises, competing with Tuya at the intersection of business software and connected workflow management.

RAMPTUYA scores lower
LiveRamp Holdings, Inc.

LiveRamp specializes in data connectivity and identity resolution, offering a data collaboration platform that overlaps with Tuya's cloud-based data services for businesses.

PICSSimilar UQS
PicS N.V.

PicS N.V. competes in the broader technology platform space, providing an alternative point of comparison for investors evaluating small-cap platform businesses.

Frequently Asked Questions

What does Tuya Inc. do?

Tuya Inc. develops and operates a global IoT cloud platform. It provides Platform-as-a-Service and Software-as-a-Service tools that allow brands, manufacturers, and developers to build, launch, and manage smart connected devices across industries including smart home, healthcare, agriculture, and education.

Does TUYA pay dividends?

Yes, Tuya Inc. does pay a regular dividend. This is relatively uncommon for small-cap technology companies, which typically prioritize reinvestment. Investors should check Tuya's investor relations page for the most current dividend details, as policies can change.

When does TUYA report earnings?

Tuya reports earnings on a quarterly cadence, in line with standard practice for US-listed companies. For the exact schedule and most recent results, refer to Tuya Inc.'s investor relations page directly.

Is TUYA a good stock to buy?

UQS Score rates TUYA as Below Average overall. The Risk pillar is Strong, but Quality, Moat, and Growth all rate as Weak. This profile suggests meaningful challenges that investors should evaluate carefully. The full pillar breakdown is available to UQS Pro members.

Is TUYA overvalued?

The UQS Valuation pillar for TUYA rates as Neutral, meaning the stock does not appear clearly overpriced or deeply discounted relative to its fundamentals at current levels. Valuation should always be considered alongside the Quality and Growth context, both of which rate Weak for Tuya.

How does TUYA compare to its competitors?

Tuya competes in a broad technology platform landscape alongside companies like Appian Corporation, LiveRamp Holdings, and PicS N.V. Each addresses different aspects of enterprise software and data connectivity. Tuya's IoT-specific focus differentiates it, though its Weak Moat rating suggests limited competitive insulation at this stage.

What is TUYA's market cap bracket?

TUYA is classified as a small-cap stock. Small-cap companies typically carry higher volatility and risk than large- or mega-cap peers, but may also offer different growth dynamics. Investors should factor this size classification into their overall portfolio risk assessment.

Who founded Tuya Inc.?

Tuya Inc. was incorporated in 2014 and is headquartered in Hangzhou, China. Founding leadership and executive history are publicly available through Tuya's official corporate disclosures and investor relations materials.

Is TUYA a long-term quality investment?

From a long-term quality perspective, TUYA's UQS profile presents challenges. The Weak ratings across Quality, Moat, and Growth pillars suggest the business has not yet demonstrated the durable fundamentals typically associated with high-conviction long-term holdings. The Strong Risk pillar is a relative positive worth monitoring over time.

What is the main competitive advantage of Tuya Inc.?

Tuya's platform spans multiple verticals — from smart home to agriculture — giving it broad ecosystem reach. However, the UQS Moat pillar rates as Weak, indicating that this breadth has not yet translated into strong, defensible competitive advantages such as high switching costs or significant pricing power.

What sector does TUYA belong to?

TUYA belongs to the Technology sector, specifically within the IoT cloud platform and SaaS space. Investors can explore other [top Technology stocks](/sector/technology) on UQS Score to compare quality profiles across the sector.

Is TUYA a growth stock or value stock?

Based on UQS pillar labels, TUYA does not fit cleanly into either category at this time. The Growth pillar rates as Weak, limiting its growth stock credentials, while the Neutral Valuation pillar means it does not present as a clear value opportunity either. It occupies an uncertain middle ground.

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Pro Analysis

TUYA — Score History

354045505560Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 10 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 12, 202644.626.234.037.982.464.2+2.5
May 7, 202642.118.034.037.982.461.1-0.1
May 3, 202642.218.034.037.982.461.6+0.1
Apr 26, 202642.118.034.037.982.461.1+1.0
Apr 19, 202641.118.034.037.982.454.6-0.1
Apr 18, 202641.218.034.037.982.455.4-3.1
Apr 14, 202644.318.034.037.982.475.5-6.7
Apr 13, 202651.026.950.037.982.478.8+6.6
Apr 12, 202644.418.034.037.982.476.50.0
Apr 2, 202644.418.034.037.982.476.3

TUYA — Pillar Breakdown

Quality

29.4/100 (25%)

Tuya Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityModerate

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationModerate

Free cash flow relative to market value.

Growth

37.4/100 (20%)

Tuya Inc. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthModerate

Analyst consensus for future earnings growth.

Risk

82.4/100 (15%)

Tuya Inc. carries minimal financial risk with conservative leverage and strong solvency.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

81.1/100 (15%)

Tuya Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

34/100 (25%)

Tuya Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TUYA.

Score Composition

Quality
29.4×25%7.3
Growth
37.4×20%7.5
Risk
82.4×15%12.4
Valuation
81.1×15%12.2
Moat
34.0×25%8.5
Total
47.9Below Average

Financial Data

More Stock Analysis

How is the TUYA UQS Score Calculated?

The UQS (Unified Quality Score) for Tuya Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Tuya Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Tuya Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.