Last year, Tuya Inc generated 231.21M USD for its biggest-performing segment, IoT PaaS. The China (Mainland) made the largest contribution, accounting for 321.79M USD last year.

By Business

Revenue

Proportion

Annual

Annual

Quarterly

IoT PaaS

Smart device distribution

SaaS and others

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

IoT PaaS

231.21M(71.85%)

217.07M(72.69%)

167.69M(72.91%)

152.91M(73.46%)

261.36M(86.52%)

151.68M(84.32%)

76.36M(72.19%)

Smart device distribution

45.70M(14.20%)

41.97M(14.05%)

26.52M(11.53%)

25.45M(12.22%)

22.15M(7.33%)

22.07M(12.27%)

27.47M(25.97%)

SaaS and others

44.88M(13.95%)

39.58M(13.26%)

35.78M(15.56%)

29.81M(14.32%)

18.56M(6.15%)

6.13M(3.41%)

1.95M(1.84%)

By Region

Revenue

Proportion

Annual

Annual

Quarterly

China (Mainland)

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

China (Mainland)

321.79M(100.00%)

298.62M(100.00%)

229.99M(100.00%)

208.17M(100.00%)

302.08M(100.00%)

179.87M(100.00%)

105.79M(100.00%)