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Tuya Valuation Multiples

Discover revenue and EBITDA valuation multiples for Tuya and similar public comparables like Sensirion, Gosuncn Technology Group, Nexwise Intelligence, Arlo and more.

Tuya Overview

About Tuya

Tuya Inc is an AI cloud platform service provider dedicated to bringing AI into everyday life. The group leverages its TuyaOpen open-source framework and universal AI Agent engines, including the AI Agent development platform, to integrate multimodal AI capabilities and reduce barriers to AI development. It drives the adoption of AI-powered lifestyles and speeds up the integration of AI with the physical world. It offers innovative physical AI solutions for smart devices, commercial use, and industry developers using cloud computing and spatial intelligence. It also provides a complete, open, and neutral global AIoT ecosystem. It builds a developer community that collaborates to create smart solutions grounded in sustainability, security, efficiency, agility, and openness.


Founded

2014

HQ

China

Employees

1.4K

Website

tuya.com

Sectors

Financials (LTM)

Revenue: $333M
EBITDA: $25M

EV

$512M

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Tuya Financials

Tuya reported last 12-month revenue of $333M and EBITDA of $25M.

In the same LTM period, Tuya generated $160M in gross profit, $25M in EBITDA, and $60M in net income.

Revenue (LTM)


Tuya P&L

In the most recent fiscal year, Tuya reported revenue of $299M and EBITDA of ($43M).

Tuya expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Tuya forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$333MXXX$299MXXXXXXXXX
Gross Profit$160MXXX$141MXXXXXXXXX
Gross Margin48%XXX47%XXXXXXXXX
EBITDA$25MXXX($43M)XXXXXXXXX
EBITDA Margin8%XXX(14%)XXXXXXXXX
EBIT Margin6%XXX(16%)XXXXXXXXX
Net Profit$60MXXX$5MXXXXXXXXX
Net Margin18%XXX2%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Tuya Stock Performance

Tuya has current market cap of $1B, and enterprise value of $512M.

Market Cap Evolution


Tuya's stock price is $2.39.

See Tuya trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$512M$1B0.1%XXXXXXXXX$0.01

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Tuya Valuation Multiples

Tuya trades at 1.5x EV/Revenue multiple, and 20.1x EV/EBITDA.

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EV / Revenue (LTM)


Tuya Financial Valuation Multiples

As of April 20, 2026, Tuya has market cap of $1B and EV of $512M.

Equity research analysts estimate Tuya's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Tuya has a P/E ratio of 24.2x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$1BXXX$1BXXXXXXXXX
EV (current)$512MXXX$512MXXXXXXXXX
EV/Revenue1.5xXXX1.7xXXXXXXXXX
EV/EBITDA20.1xXXX(12.0x)XXXXXXXXX
EV/EBIT24.5xXXX(10.8x)XXXXXXXXX
EV/Gross Profit3.2xXXX3.6xXXXXXXXXX
P/E24.2xXXX292.1xXXXXXXXXX
EV/FCF—XXX7.6xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Tuya Valuation Multiples

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Tuya Margins & Growth Rates

Tuya's revenue in the last 12 month grew by 12%.

Tuya's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Tuya's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tuya's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Tuya and other 15K+ public comps

Tuya Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth12%XXX8%XXXXXXXXX
EBITDA Margin8%XXX(14%)XXXXXXXXX
EBITDA Growth50%XXX(151%)XXXXXXXXX
Rule of 40—XXX21%XXXXXXXXX
Bessemer Rule of X—XXX38%XXXXXXXXX
Revenue per Employee—XXX$0.2MXXXXXXXXX
Opex per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue—XXX12%XXXXXXXXX
G&A Expenses to Revenue—XXX23%XXXXXXXXX
R&D Expenses to Revenue25%XXX32%XXXXXXXXX
Opex to Revenue—XXX63%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Tuya Public Comps

See public comps and valuation multiples for other IoT comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
TuyaXXXXXXXXXXXXXXXXXX
SensirionXXXXXXXXXXXXXXXXXX
Gosuncn Technology GroupXXXXXXXXXXXXXXXXXX
Nexwise IntelligenceXXXXXXXXXXXXXXXXXX
ArloXXXXXXXXXXXXXXXXXX
BittiumXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Tuya M&A Activity

Tuya acquired XXX companies to date.

Last acquisition by Tuya was on XXXXXXXX, XXXXX. Tuya acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Tuya

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Tuya Investment Activity

Tuya invested in XXX companies to date.

Tuya made its latest investment on XXXXXXXX, XXXXX. Tuya invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Tuya

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Tuya

When was Tuya founded?Tuya was founded in 2014.
Where is Tuya headquartered?Tuya is headquartered in China.
How many employees does Tuya have?As of today, Tuya has over 1K employees.
Who is the CEO of Tuya?Tuya's CEO is Xueji Wang.
Is Tuya publicly listed?Yes, Tuya is a public company listed on NYSE.
What is the stock symbol of Tuya?Tuya trades under TUYA ticker.
When did Tuya go public?Tuya went public in 2021.
Who are competitors of Tuya?Tuya main competitors are Sensirion, Gosuncn Technology Group, Nexwise Intelligence, Arlo.
What is the current market cap of Tuya?Tuya's current market cap is $1B.
What is the current revenue of Tuya?Tuya's last 12 months revenue is $333M.
What is the current revenue growth of Tuya?Tuya revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of Tuya?Current revenue multiple of Tuya is 1.5x.
Is Tuya profitable?Yes, Tuya is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Tuya?Tuya's last 12 months EBITDA is $25M.
What is Tuya's EBITDA margin?Tuya's last 12 months EBITDA margin is 8%.
What is the current EV/EBITDA multiple of Tuya?Current EBITDA multiple of Tuya is 20.1x.

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