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Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Tuya has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Tuya achieved revenue of $29.6M and an EBITDA of -$12.8M.
Tuya expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tuya valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $26.8M | $29.6M | XXX | XXX | XXX |
| Gross Profit | $16.4M | $11.5M | XXX | XXX | XXX |
| Gross Margin | 61% | 39% | XXX | XXX | XXX |
| EBITDA | -$20.6M | -$12.8M | XXX | XXX | XXX |
| EBITDA Margin | -77% | -43% | XXX | XXX | XXX |
| Net Profit | -$22.6M | -$18.8M | XXX | XXX | XXX |
| Net Margin | -84% | -64% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Tuya's stock price is HKD 16 (or $2).
Tuya has current market cap of HKD 10.1B (or $1.3B), and EV of HKD 3.5B (or $453M).
See Tuya trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $453M | $1.3B | XXX | XXX | XXX | XXX | n/a |
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Sign UpAs of April 15, 2025, Tuya has market cap of $1.3B and EV of $453M.
Tuya's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Tuya's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Tuya and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $453M | XXX | XXX | XXX |
| EV/Revenue | 15.3x | XXX | XXX | XXX |
| EV/EBITDA | -35.5x | XXX | XXX | XXX |
| P/E | -166.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 100.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTuya's NTM/LTM revenue growth is n/a
Tuya's revenue per employee for the last fiscal year averaged $20K, while opex per employee averaged $19K for the same period.
Over next 12 months, Tuya's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Tuya's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Tuya and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -43% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -38% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $20K | XXX | XXX | XXX | XXX |
| Opex per Employee | $19K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 18% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 35% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 44% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 92% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Tanla Platforms | XXX | XXX | XXX | XXX | XXX | XXX |
| MapmyIndia | XXX | XXX | XXX | XXX | XXX | XXX |
| Pyramid | XXX | XXX | XXX | XXX | XXX | XXX |
| NCTE | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Tuya acquired XXX companies to date.
Last acquisition by Tuya was XXXXXXXX, XXXXX XXXXX XXXXXX . Tuya acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Tuya founded? | Tuya was founded in 2014. |
| Where is Tuya headquartered? | Tuya is headquartered in Hong Kong. |
| How many employees does Tuya have? | As of today, Tuya has 1.5K+ employees. |
| Who is the CEO of Tuya? | Tuya's CEO is Mr. Xueji Wang. |
| Is Tuya publicy listed? | Yes, Tuya is a public company listed on HKG. |
| What is the stock symbol of Tuya? | Tuya trades under 02391 ticker. |
| When did Tuya go public? | Tuya went public in 2022. |
| Who are competitors of Tuya? | Similar companies to Tuya include e.g. TKH Group, Tanla Platforms, MapmyIndia, Pyramid. |
| What is the current market cap of Tuya? | Tuya's current market cap is $1.3B |
| What is the current revenue growth of Tuya? | Tuya revenue growth between 2023 and 2024 was 10%. |
| Is Tuya profitable? | Yes, Tuya is EBITDA-positive (as of the last 12 months). |
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