Tuya Inc Reports 21% Q1 2025 Revenue Growth, Achieves $11M Net Profit

Tuya Inc. reported a strong first quarter for 2025 with a 21% year-over-year revenue increase to $74.7 million, driven by significant growth in its smart solutions segment, which rose 47.1%. The company achieved a GAAP net profit of $11 million, representing a net profit margin of around 15%, a marked improvement from prior periods. Operational efficiencies and reduced share-based compensation expenses contributed to record profitability despite challenges in the smart consumer electronics sector and broader geopolitical uncertainties. Tuya continues to expand its AI capabilities and AIoT platform, demonstrated by its recent Global Developer Conference, which showcased new AI hardware solutions and attracted global participation. Wall Street analysts maintain an optimistic outlook, with an average price target suggesting over 50% upside, though some valuation models indicate a modest downside risk. Looking ahead, Tuya aims to leverage its AI-driven platform and maintain disciplined execution to sustain growth and shareholder value amid macroeconomic pressures.