Tuya Inc (TUYA)

Tuya Smart Partners with Zeroth to Develop Robot-Driven Smart Living Experiences, Bringing Physical AI into the HomeJune 12, 2026 5:05 AM
PR Newswire (US) The collaboration integrates Tuya's AI+IoT capabilities with Zeroth's embodied intelligence expertise, transforming home robots from standalone task executors into intelligent, context-aware household companions.GUANGZHOU, China, June 12, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA; HKEX: 2391), a global AI cloud platform service provider, today announced a partnership with Zeroth, focusing on consumer-grade embodied intelligence. The two companies will combine Tuya's AI+IoT ecosystem with Zeroth's robotics expertise to co-develop robot-driven smart living scenarios, enabling home service robots to evolve from simple task executors into intelligent, adaptive household companions.As robots gain the ability to perceive environments, collaborate proactively, and continuously learn, they are poised to become true household members that work in concert with smart devices—expanding the possibilities of smart living.However, home service robots have long operated as isolated tools, unable to communicate with the broader smart home ecosystem. This lack of integration has been a key bottleneck in the development of the next generation of smart living experiences. The partnership between Tuya Smart and Zeroth is designed to address this challenge head-on, enabling robots to fully integrate into the connected home and serve as a "super mobile terminal" and "proactive household manager."Deep Integration Across the Smart Home EcosystemAs a brand focusing on consumer-grade embodied intelligence, Zeroth is dedicated to the research, development, and application of robotics and artificial intelligence, with products spanning family companionship, multi-scenario interaction, and complex environment exploration.Powered by Tuya's proprietary Physical AI Engine (PAE) architecture, Zeroth's robots will be deeply integrated with AI+IoT devices throughout the home. Rather than operating in isolation, the robot will function as a household intelligence hub—orchestrating lighting, climate control, curtains, security, and energy management systems to collaboratively execute complex household tasks.For example, when a user wakes up in the morning, the robot can coordinate with connected smart devices to adjust lighting to a soft, warm tone, play gentle morning music, and provide a briefing on the day's weather and schedule.Zeroth's robots are equipped with onboard vision, audio, and other embodied sensors. Through integration with Tuya's whole-home sensor matrix—including air quality, human presence, and ambient light sensors—the partnership achieves real-time, high-fidelity sensor fusion. This effectively gives the smart home both "mobility" and "extended reach," enabling a leap from localized sensing to comprehensive whole-home awareness.For robots to become truly adaptive companions, they require robust cognitive and memory capabilities. Zeroth's "embodied brain" integrates Tuya's OmniMem long-term memory engine, enabling the robot to proactively adjust its behavior based on past interactions. For instance, it can remember a child's favorite games or an elderly family member's daily routine, delivering an experience that becomes more personalized over time.Bridging Cloud Intelligence and Physical ExecutionThe collaboration addresses a longstanding industry challenge: the disconnect between cloud-based AI and physical hardware. By bridging this gap, the partnership enables robots to be deeply deployed across real-world household scenarios—including elderly care, children's companionship, and pet monitoring—delivering accessible, intuitive, and empathetic smart services to families worldwide.Going forward, the two companies plan to deepen the synergy between local edge computing and cloud-based AI, ensuring that robots can orchestrate whole-home devices with sub-second response times even in offline or low-connectivity environments. Additionally, both parties will collaborate to build an open embodied intelligence ecosystem, empowering global developers to bring innovative ideas to life and jointly shaping a future of smart living that is perceptive, collaborative, and human-centered.About Tuya SmartTuya Smart (NYSE: TUYA; HKEX: 2391) is a global leader in AI cloud platform services, dedicated to applying AI to everyday life. Through its AI Agent development platform and TuyaOpen open-source framework, Tuya integrates multimodal AI capabilities, lowers development barriers, and accelerates AI's integration with the physical world. Tuya provides innovative Physical AI solutions for smart devices, commercial applications, and industry developers, fostering an open and neutral global ecosystem. As of March 31, 2026, the Tuya AI Developer Platform had over 1,970,000 registered AI developers from more than 200 countries and regions.About ZerothFounded in 2024 and headquartered in Suzhou, China. The company's embodied intelligence brand, Zeroth, leverages proprietary core components, motion control systems, and embodied AI foundation models to build full-stack intelligent robot systems for real-world applications. Zeroth's product portfolio spans family companionship, multi-scenario interaction, and complex environment exploration, with a focus on delivering natural, reliable, and empathetic human-robot experiences. View original content:https://www.prnewswire.com/news-releases/tuya-smart-partners-with-zeroth-to-develop-robot-driven-smart-living-experiences-bringing-physical-ai-into-the-home-302798936.htmlSOURCE Tuya Smart Original: Tuya Smart Partners with Zeroth to Develop Robot-Driven Smart Living Experiences, Bringing Physical AI into the Home

Tuya Inc. to Hold Annual General Meeting on June 18, 2026May 13, 2026 4:30 PM
PR Newswire (US) SANTA CLARA, Calif., May 13, 2026 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 2:00 p.m. (Hong Kong time) on Thursday, June 18, 2026 at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province, 310012, China, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the "AGM Notice"). The AGM Notice and the form of proxy for the AGM are available on the Company's website at ir.tuya.com. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the Proposed Resolutions.Holders of record of the Company's ordinary shares as of the close of business on May 22, 2026 (Hong Kong time) are entitled to receive notice of, and to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on May 22, 2026 (New York time) who wish to exercise their voting rights for the ADSs underlying Class A ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, if ADSs are held directly by holders on the books and records of The Bank of New York Mellon or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders.The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's annual report on Form 20-F can be accessed on the Company's website at ir.tuya.com and on the SEC's website at http://www.sec.gov.About Tuya Inc.Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, AI application & others and Smart home & robot products for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.Investor Relations ContactTuya Inc.
Investor Relations
Email: ir@tuya.comHL Strategy
Haiyan LI-LABBE
Email: hl @glenp-6508-0677
U.S. Tel: +1-212-481-2050
Email: tuya@thepiacentegroup.com View original content:https://www.prnewswire.com/news-releases/tuya-inc-to-hold-annual-general-meeting-on-june-18-2026-302771184.htmlSOURCE Tuya Inc. Original: Tuya Inc. to Hold Annual General Meeting on June 18, 2026

Tuya Reports First Quarter 2026 Unaudited Financial ResultsMay 11, 2026 5:00 PM
PR Newswire (US) SANTA CLARA, Calif., May 11, 2026 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial HighlightsTotal revenue was US$80.9 million, up approximately 8.3% year-over-year (1Q2025: US$74.7 million).Platform-as-a-service ("PaaS") revenue was US$59.0 million, up approximately 9.8% year-over-year (1Q2025: US$53.7 million).AI application & others[1] (formerly known as Software-as-a-service ("SaaS") and others) revenue was US$11.6 million, up approximately 16.9% year-over-year (1Q2025: US$10.0 million).Smart home & robot product[2] (formerly known as Smart solution) revenue was US$10.2 million, down approximately 6.9% year-over-year (1Q2025: US$11.0 million).Overall gross margin was 46.9%, down 1.6 percentage points year-over-year (1Q2025: 48.5%). Gross margin of PaaS was 46.1% (1Q2025: 48.4%).Operating margin was 9.2%, improved by 11.1 percentage points year-over-year (1Q2025: negative 1.9%). Non-GAAP operating margin was 10.0% (1Q2025: 9.1%).Net margin was 19.5%, improved by 4.7 percentage points year-over-year (1Q2025: 14.8%). Non-GAAP net margin was 20.3% (1Q2025: 25.8%).Net profits were US$15.8 million (1Q2025: US$11.0 million). Non-GAAP net profits were US$16.4 million (1Q2025: US$19.3 million).Net cash generated from operating activities was US$6.4 million (1Q2025: US$9.4 million).Total cash and cash equivalents, time deposits and treasury securities recorded as short-term and long-term investments were US$1,017.1 million as of March 31, 2026, compared to US$1,017.3 million as of December 31, 2025. Commencing from the current reporting period, the Group has renamed the revenue stream previously presented as Software-as-a-service ("SaaS") and others to "AI Application & others." This change reflects the Group's strategic direction to fully integrate AI capabilities into all software products within this business stream. The Group will focus on providing various subscription-based value-added services powered by large-scale AI models in this stream, such as AI Guardian and Energy Butler.
Commencing from the current reporting period, the Group has renamed the revenue stream previously presented as "Smart solution" to "Smart home & robot product." This change aligns with the Group's business orientation for this stream, where product offerings will be focused on AI-enabled consumer electronics and home robotics, including AI-powered security systems, AI energy management solutions, and home companion robots.For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."First Quarter 2026 Operating HighlightsPremium PaaS customers[1] for the trailing 12 months ended March 31, 2026 were 306 (1Q2025: 287). In the first quarter of 2026, the Company's premium PaaS customers contributed approximately 89.3% of its PaaS revenue (1Q2025: approximately 88.7%).Registered AI developers were over 1,970,000 as of March 31, 2026, up 9.4% from approximately 1,801,000 developers as of December 31, 2025. The Company defines a premium PaaS customer as a customer as of a given date that contributed more than US$100,000 of PaaS revenue during the immediately preceding 12-month period.Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya, commented, "In the first quarter, despite ongoing external uncertainties and certain regional disruptions, we continued to demonstrate solid growth momentum and strong execution capabilities. Since the fourth quarter, we have benefited from a continued recovery in downstream demand, supporting the ongoing expansion of our business scale. Total revenue increased by 8.3% year over year, with the growth rate further improving from the previous quarter, and we maintained positive growth for multiple consecutive quarters. Our gross margin remained at a healthy level, underscoring the continued enhancement of our product value proposition and platform competitiveness.Strategically, we continue to pursue AI-driven development, harnessing AI capabilities to accelerate the deployment of application-level solutions and scenario-based products, with implementation across multiple scenarios. We continued to iterate our developer tools and platform capabilities, enabling global developers to access and apply the most advanced AI technologies at lower cost and with greater efficiency. This is reflected in the continued growth of our AI-related business revenue, highlighting our steady progress in commercialization and accelerated deployment. Meanwhile, demand for AI-native applications in consumer scenarios continued to rise, driving the scaled application of Physical AI in real-life settings. At the same time, we are expanding the global rollout of validated solutions and further strengthening our developer ecosystem, working with industry partners to jointly explore the long-term opportunities in the AI application market. Looking ahead, supported by our resilient business model and solid financial foundation, we remain focused on AI application innovation, global solution expansion and developer ecosystem development, continuously enhancing our long-term value creation capabilities.Mr. Yi (Alex) Yang, Director and Chief Financial Officer of Tuya, added, "In the first quarter, we delivered total revenue of US$80.9 million, representing a year-over-year increase of 8.3%, with PaaS revenue growing by 9.8%, as our overall business continued its steady recovery. AI application & others revenue continued to outperform, increasing by 16.9% year over year and serving as an important driver of our structural growth, driven by continued expansion of cloud-based software offerings with AI application functions and application-level commercialization.Meanwhile, profitability continued to improve, with GAAP operating margin reaching 9.2% and non-GAAP operating margin standing at 10.0%, demonstrating continued operating leverage and disciplined cost management. Net margin expanded to 19.5%, supported by enhanced efficiency and an optimized expense structure. We maintained a solid balance sheet, with over US$1.0 billion in cash and liquid investments, providing flexibility to support continued investment in AI and global expansion. Overall, our performance reflects the resilience of our core platform business, continued optimization of our revenue mix, and steady progress in translating AI capabilities into scalable commercial outcomes."First Quarter 2026 Unaudited Financial ResultsREVENUETotal revenue in the first quarter of 2026 increased by 8.3% to US$80.9 million from US$74.7 million in the same period of 2025.PaaS revenue in the first quarter of 2026 increased by 9.8% to US$59.0 million from US$53.7 million in the same period of 2025, primarily due to increasing demand compared with the same period of 2025 and the Company's strategic focus on customer needs and product enhancements, despite the disruptions in the international business environment due to tariff-related headwinds since April 2025. Our core customer base remained stable.AI application & others revenue in the first quarter of 2026 increased by 16.9% to US$11.6 million from US$10.0 million in the same period of 2025, primarily due to an increase in revenue from cloud based services. During the quarter, the Company remained committed to offering recurring value-added services with AI application functions.Smart home & robot product revenue in the first quarter of 2026 decreased by 6.9% to US$10.2 million from US$11.0 million in the same period of 2025.GROSS PROFIT AND GROSS MARGINTotal gross profit in the first quarter of 2026 increased by 4.5% to US$37.9 million from US$36.3 million in the same period of 2025. The gross margin in the first quarter of 2026 was 46.9%, compared to 48.5% in the same period of 2025.PaaS gross margin in the first quarter of 2026 was 46.1%, compared to 48.4% in the same period of 2025, partly attributable to recent price fluctuations in the semiconductor supply chain.AI application & others gross margin in the first quarter of 2026 was 71.7%, compared to 74.4% in the same period of 2025.Smart home & robot product gross margin in the first quarter of 2026 was 23.0%, compared to 25.7% in the same period of 2025.Gross margin fluctuated primarily due to changes in products and solutions mix. As an AI developer platform with a rich ecosystem of smart devices and applications, the Company remains focused on AI offering with compelling value propositions while maintaining economic efficiency.OPERATING EXPENSESOperating expenses decreased by 19.3% to US$30.4 million in the first quarter of 2026 from US$37.7 million in the same period of 2025. Non-GAAP operating expenses increased by 1.3% to US$29.8 million in the first quarter of 2026 from US$29.4 million in the same period of 2025. For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Research and development expenses in the first quarter of 2026 were US$22.0 million, down 3.7% from US$22.8 million in the same period of 2025, primarily due to lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized, partially offset by higher employee-related cost and ongoing investments in research and development capabilities. Non-GAAP adjusted research and development expenses in the first quarter of 2026 were US$21.6 million, compared to US$20.8 million in the same period of 2025.Sales and marketing expenses in the first quarter of 2026 were US$7.4 million, down 11.1% from US$8.3 million in the same period of 2025, primarily because of lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized and lower operating expenses, partially offset by higher employee-related cost associated with regular team movements. Non-GAAP adjusted sales and marketing expenses in the first quarter of 2026 were US$7.3 million, compared to US$7.6 million in the same period of 2025.General and administrative expenses in the first quarter of 2026 were US$4.3 million, down 51.7% from US$8.9 million in the same period of 2025, primarily because of lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized. Non-GAAP adjusted general and administrative expenses in the first quarter of 2026 were US$4.1 million, compared to US$3.4 million in the same period of 2025.Other operating income, net in the first quarter of 2026 was US$3.3 million, primarily due to the receipt of software value-added tax refunds.LOSS/PROFIT FROM OPERATIONS AND OPERATING MARGINProfit from operations in the first quarter of 2026 was US$7.5 million, compared to a loss of US$1.5 million in the same period of 2025. The Company had a non-GAAP profit from operations of US$8.1 million in the first quarter of 2026, compared to a non-GAAP profit from operations of US$6.8 million in the same period of 2025, demonstrating consistent operating profitability and leverage.Operating margin in the first quarter of 2026 was 9.2%, improved by 11.1 percentage points from negative 1.9% in the same period of 2025. Non-GAAP operating margin in the first quarter of 2026 was 10.0%, improved by 0.9 percentage points from 9.1% in the same period of 2025.NET PROFIT AND NET MARGINNet profit in the first quarter of 2026 was US$15.8 million, improved by 43.2 percentage points from US$11.0 million in the same period of 2025, demonstrating consistent profitability and improved leverage, despite being partially impacted by interest rate cuts. Non-GAAP net profit in the first quarter of 2026 was US$16.4 million, compared to US$19.3 million in the same period of 2025.Net margin in the first quarter of 2026 was 19.5%, improved by 4.7 percentage points from 14.8% in the same period of 2025. Non-GAAP net margin in the first quarter of 2026 was 20.3%, compared to 25.8% in the same period of 2025, mainly affected by interest rate fluctuations.BASIC AND DILUTED NET PROFIT PER ADSBasic and diluted net profit per ADS was US$0.03 in the first quarter of 2026, compared to basic and diluted net profit of US$0.02 in the same period of 2025. Each ADS represents one Class A ordinary share.Non-GAAP basic and diluted net profit per ADS was US$0.03 in the first quarter of 2026, compared to non-GAAP basic and diluted net profit of US$0.03 in the same period of 2025.CASH AND CASH EQUIVALENTS, TIME DEPOSITS AND TREASURY SECURITIES RECORDED AS SHORT-TERM AND LONG-TERM INVESTMENTSCash and cash equivalents, time deposits and treasury securities recorded as short-term and long-term investments were US$1,017.1 million as of March 31, 2026, compared to US$1,017.3 million as of December 31, 2025. The Company believes its current cash position is sufficient to meet its current liquidity and working capital needs.NET CASH GENERATED FROM OPERATING ACTIVITIESNet cash generated from operating activities in the first quarter of 2026 was US$6.4 million. The net cash generated from operating activities for the first quarter of 2026 mainly due to working capital changes in the ordinary course of business.For further information on non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Business OutlookThe overall operating environment remains complex, while continuing to show signs of normalization. Participants across the value chain – including manufacturers, brands, and channel partners – are maintaining a cautiously optimistic to planning. At the same time, we have observed more normalized project execution and continuous demand recovering across several of our core categories, suggesting that the market is gradually moving from adjustment toward a more stable operating rhythm.Meanwhile, global AI development is entering a new stage of application-led growth. As AI technologies continue to evolve from foundational capabilities toward real-world deployment, enterprises and consumers are increasingly focused on practical use cases, scalable implementation, and scenario-based integration with physical devices. This trend is accelerating the convergence of AI and smart hardware, and is creating new opportunities for application innovation, product expansion, and ecosystem collaboration across a wide range of verticals.Against this backdrop, Tuya continues to advance its AI-driven strategy by strengthening its AI developer platform, expanding application-level capabilities, and supporting broader deployment across diverse smart device and industry scenarios. The ongoing evolution of AI applications, together with its platform capabilities, ecosystem strengths, and global developer base, will continue to support the creation of diversified, higher-value opportunities over the long term.In this environment, the Company will continue to maintain disciplined execution while selectively investing in AI-driven applications, platform capabilities, and ecosystem development. In response to this evolving market environment, the Company will continue to iterate and improve its products and services, enhance both software and hardware capabilities, and further support customers and developers in bringing AI-driven applications into practical deployment. At the same time, the Company recognizes that its future trajectory may continue to be influenced by a range of external factors, including shifts in consumer demand, regional economic divergence, inventory dynamics, foreign exchange and interest rate volatility, tariffs and trade policy adjustments, and broader geopolitical uncertainties.Conference Call InformationThe Company's management will hold a conference call at 08:30 P.M. U.S. Eastern Time on Monday, May 11, 2026 (08:30 A.M. Hong Kong Time on Tuesday, May 12, 2026) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique PIN (personal access code) to join the call as well as an email confirmation with the details.Participants Online Webcast Registration: https://edge.media-server.com/mmc/p/ac9ndekbParticipants Call Registration: https://register-conf.media-server.com/register/BIb902b42554034c629830165e2265dee8A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.tuya.com.About Tuya Inc.Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, AI application & others and Smart home & robot products for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.Use of Non-GAAP Financial MeasuresIn evaluating the business, the Company considers and uses non-GAAP financial measures, such as non-GAAP operating expenses, non-GAAP profit from operations (including non-GAAP operating margin), non-GAAP net profit (including non-GAAP net margin), and non-GAAP basic and diluted net profit per ADS, as supplemental measures to review and assess its operating performance. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The Company defines non-GAAP financial measures by excluding the impact of share-based compensation expenses from the respective GAAP financial measures. The Company presents the non-GAAP financial measures because they are used by the management to evaluate its operating performance and formulate business plans. The Company also believes that the use of the non-GAAP financial measures facilitates investors' assessment of its operating performance.Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using the aforementioned non-GAAP financial measures is that they do not reflect all items of expenses that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and are not reflected in the presentation of non-GAAP measures. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP measures to the most directly comparable U.S. GAAP measures, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.Reconciliations of Tuya's non-GAAP financial measures to the most comparable U.S. GAAP measures are included at the end of this press release.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "target", "aim", "estimate", "intend", "plan", "believe", "potential", "continue", "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. The forward-looking statements included in this press release are only made as of the date hereof, and the Company disclaims any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.Investor Relations ContactTuya Inc.
Investor Relations
Email: ir@tuya.comHL Strategy
Haiyan LI-LABBE
Email: hl@hl-strategy.comPiacente Financial Communications
China Tel: +86-10-6508-0677
U.S. Tel: +1-212-481-2050
Email: tuya@thepiacentegroup.com  TUYA INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSAS OF DECEMBER 31, 2025 AND MARCH 31, 2026(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

 As of
December 31,
 2025  As of
March 31,
2026 


ASSETS

Current assets:

Cash and cash equivalents890,708912,447Restricted cash-8Short-term investments61,77038,705Accounts receivable, net13,19313,028Notes receivable, net10,11111,066Inventories, net30,94343,699Prepayments and other current assets, net16,48619,457Total current assets1,023,2111,038,410


Non-current assets:

Restricted cash245249Property, equipment and software, net15,65325,143Land use rights, net8,8438,936Operating lease right-of-use assets, net5,6499,890Long-term investments77,21378,843Other non-current assets, net1,700988Total non-current assets109,303124,049Total assets1,132,5141,162,459


LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable31,77838,836Advances from customers29,33032,083Deferred revenue, current9,7329,148Accruals and other current liabilities33,26165,585Incomes tax payables142244Lease liabilities, current1,9853,638Total current liabilities106,228149,534


Non-current liabilities:

Lease liabilities, non-current3,3296,418Deferred revenue, non-current352683Total non-current liabilities3,6817,101Total liabilities109,909156,635





TUYA INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)AS OF DECEMBER 31, 2025 AND MARCH 31, 2026(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

 As of
December 31,
 2025  As of
March 31,
2026 


Shareholders' equity:

Ordinary shares--Class A ordinary shares2727Class B ordinary shares44Treasury stock(12)(12)Additional paid-in capital1,549,3891,512,933Accumulated other comprehensive loss(14,842)(10,943)Accumulated deficit(511,961)(496,185)Total shareholders' equity 1,022,6051,005,824Total liabilities and shareholders' equity1,132,5141,162,459





TUYA INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

  For the Three Months Ended  
 March 31,
2025  March 31,
2026 


Revenue74,68780,882Cost of revenue(38,436)(42,984)


Gross profit36,25137,898


Operating expenses:

Research and development expenses(22,810)(21,972)Sales and marketing expenses(8,347)(7,420)General and administrative expenses(8,929)(4,315)Other operating incomes, net2,3833,281


Total operating expenses(37,703)(30,426)


(Loss)/profit from operations(1,452)7,472


Other income

Other non-operating income, net767767Financial income, net12,3959,496Foreign exchange gain/(loss), net44(1,526)


Profit before income tax expense11,75416,209Income tax expense(737)(433)


Net profit11,01715,776


Net profit attributable to Tuya Inc.11,01715,776


Net profit attribute to ordinary shareholders11,01715,776


Net profit11,01715,776


Other comprehensive income

Foreign currency translation1773,899


Total comprehensive income attributable to Tuya Inc.11,19419,675





TUYA INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME (CONTINUED)(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

  For the Three Months Ended  
 March 31,
2025  March 31,
2026 


Net profit attributable to Tuya Inc.11,01715,776


Net profit attribute to ordinary shareholders11,01715,776


Weighted average number of ordinary shares used in
    computing net profit per share, basic and diluted

- Basic606,308,258615,523,100- Diluted608,490,640616,307,696


Net profit per share attributable to ordinary shareholders,
    basic and diluted

- Basic0.020.03- Diluted0.020.03


Share-based compensation expenses were included in:

Research and development expenses2,016372Sales and marketing expenses73886General and administrative expenses5,521170





TUYA INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

  For the Three Months Ended  
 March 31,
2025  March 31,
2026 


Net cash generated from operating activities9,3526,399Net cash generated from investing activities101,18314,924Net cash generated from financing activities2-Effect of exchange rate changes on cash and
    cash equivalents, restricted cash32428


Net increase in cash and cash equivalents, restricted cash110,56921,751


Cash and cash equivalents, restricted cash at the
    beginning of period653,384890,953


Cash and cash equivalents, restricted cash at the end of period763,953912,704





TUYA INC.UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOSTDIRECTLY COMPARABLE FINANCIAL MEASURES(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

  For the Three Months Ended  
 March 31,
2025  March 31,
2026 


Reconciliation of operating expenses to non-GAAP
    operating expenses

Research and development expenses(22,810)(21,972)Add: Share-based compensation expenses2,016372Adjusted Research and development expenses(20,794)(21,600)


Sales and marketing expenses(8,347)(7,420)Add: Share-based compensation expenses73886Adjusted Sales and marketing expenses(7,609)(7,334)


General and administrative expenses(8,929)(4,315)Add: Share-based compensation expenses5,521170Adjusted General and administrative expenses(3,408)(4,145)


Reconciliation of (loss)/profit from operations to non-GAAP
    profit from operations

(Loss)/profit from operations(1,452)7,472Operating margin(1.9) %9.2 %Add: Share-based compensation expenses8,275628Non-GAAP profit from operations6,8238,100


Non-GAAP Operating margin9.1 %10.0 %





TUYA INC.UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOSTDIRECTLY COMPARABLE FINANCIAL MEASURES (CONTINUED)(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

  For the Three Months Ended  
 March 31,
2025  March 31,
2026 


Reconciliation of net profit to non-GAAP net profit

Net profit11,01715,776Net margin14.8 %19.5 %Add: Share-based compensation expenses8,275628Non-GAAP Net profit19,29216,404


Non-GAAP Net margin25.8 %20.3 %


Weighted average number of ordinary shares used in
    computing non-GAAP net profit per share, basic and diluted

- Basic606,308,258615,523,100- Diluted608,490,640616,307,696


Non-GAAP net profit per share attributable to
    ordinary shareholders, basic and diluted

- Basic0.030.03- Diluted0.030.03   View original content:https://www.prnewswire.com/news-releases/tuya-reports-first-quarter-2026-unaudited-financial-results-302768503.htmlSOURCE Tuya Inc. Original: Tuya Reports First Quarter 2026 Unaudited Financial Results

Tuya Smart Unveils Upgraded Hey Tuya and Expanded AI Capabilities for Hardware Innovation, Advancing AI Home, AI Robot, and AI Energy EcosystemsApril 24, 2026 9:43 AM
PR Newswire (US)

SHENZHEN, China, April 24, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global AI cloud platform service provider, today unveiled its newly upgraded Hey Tuya at the 2026 TUYA Global Developer Summit. Tuya also presented its strategic focus on three core AI application ecosystems: AI Home, AI Robot, and AI Energy.The Summit, which opened today, convened thousands of developers, enterprise representatives, and technology experts from around the world to co-build an AI application ecosystem.The newest version of Hey Tuya represents a comprehensive evolution from foundational AI capabilities to scenario-based intelligent experiences.Third-party services expansion: Hey Tuya now fully integrates with third-party services such as Google Mail, Calendar, and Docs. Users can issue a single voice command to send emails, schedule meetings, or process documents, transforming AI from a conversational tool into an action-oriented assistant.Expanded hardware ecosystem: Hey Tuya has expanded its hardware ecosystem compatibility, with full support for Matter and mainstream open-source platforms such as Home Assistant.Enhanced AI foundation: Hey Tuya's AI foundation has been comprehensively enhanced to support more natural conversations, deeper reasoning, and complex task planning. Users can speak naturally as they would to a friend, and Hey Tuya interprets intent and completes tasks accordingly, evolving from reactive execution to proactive assistance.Expanded skills: Hey Tuya now includes a rich and continuously expanding skill library, supporting functions such as slide generation, image recognition, image creation, and video generation, better meeting users' scenario-based needs.Conversational app creation: With Vibe Coding, developers can rapidly build integrated AI+IoT+Web/mobile solutions. Through natural language interaction exclusively, they can create complex scenarios, personalized device control dashboards, lightweight lifestyle applications, and AI-driven automation workflows. This significantly lowers the barrier to AI application development and empowers a broader range of users to realize their creative visions.Scenario-Based Intelligence: The upgraded Hey Tuya supports scenario-based intelligence across use cases including "Morning Wake-up," "Health Management," and "Away from Home Protection." Each scenario is dynamically generated based on user habits, preferences, and real-time conditions.Tuya Expands Full-Stack AI Capabilities for Hardware InnovationIn addition to debuting the new version of Hey Tuya, Tuya Smart introduced a suite of self-developed, AI-native technologies purpose-built for real-world hardware deployment.At the Summit, Tuya unveiled its self-trained Personal Voice Activity Detection (PVAD) model, designed specifically for AI hardware scenarios. PVAD enables devices to automatically identify and focus on the intended speaker without prior enrollment, significantly reducing false activations in complex acoustic environments. This allows AI-powered hardware to more accurately determine who is speaking before executing commands, thereby enhancing both reliability and user experience.The company also announced major upgrades and new releases across its AI infrastructure, including Physical AI Foundation V2.8, Wukong AI 3.0, Tuya Real-Time Communication (T-RTC) network, Physical Action Model (PAM), and OmniMem V2.0, a long-term memory system. Together, these technologies form a comprehensive "toolkit" for developers building next-generation AI applications.Attendees also experienced Tuya's expanding developer ecosystem firsthand. Highlights included TuyaClaw and DuckyClaw, as well as Vibe Coding, which enables developers to build production-grade applications using natural language, and the enhanced Tuya AI development platform.Through this integrated suite of technologies and tools, Tuya is significantly lowering the barrier to AI development, accelerating innovation, and enabling developers worldwide to bring AI-powered applications to market.Tuya Focuses on Three Core AI Application Ecosystems, Co-Creating AI Living with Global DevelopersAt the Summit, Leo Chen, co-chairman and president of Tuya Smart, stated that definitive AI-driven growth has arrived, and almost all hardware is worth rebuilding with AI. Tuya will fully focus on three frontier application domains—AI Home, AI Robot, and AI Energy—empowering developers to unlock AI value and embrace the next decade-defining opportunity with a "Day One" mindset.AI Home: Enable whole-home intelligent coordination and proactive services across devices through AI.AI Robot: Enhance and expand experiences and application scenarios across five categories—companionship, cleaning, wellness, protection, and embodied robotics.AI Energy: Build an AI-driven energy management system for precise energy monitoring, efficient utilization, and intelligent optimization.From a business-to-business AI developer platform to consumer-facing AI applications, the 2026 TUYA Global Developer Summit outlines a clear path for AI to move from technology to real-world application. Looking ahead, Tuya Smart will continue to work with global developers and ecosystem partners to push the boundaries of innovation, accelerate AI adoption, and bring AI into every corner of the physical world.Photo - https://mma.prnewswire.com/media/2965176/image1.jpg



View original content:https://www.prnewswire.co.uk/news-releases/tuya-smart-unveils-upgraded-hey-tuya-and-expanded-ai-capabilities-for-hardware-innovation-advancing-ai-home-ai-robot-and-ai-energy-ecosystems-302752947.html

Original: Tuya Smart Unveils Upgraded Hey Tuya and Expanded AI Capabilities for Hardware Innovation, Advancing AI Home, AI Robot, and AI Energy Ecosystems

Tuya Smart Unveils Upgraded Hey Tuya and Expanded AI Capabilities for Hardware Innovation, Advancing AI Home, AI Robot, and AI Energy EcosystemsApril 24, 2026 9:29 AM
PR Newswire (US)

SHENZHEN, China, April 24, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global AI cloud platform service provider, today unveiled its newly upgraded Hey Tuya at the 2026 TUYA Global Developer Summit. Tuya also presented its strategic focus on three core AI application ecosystems: AI Home, AI Robot, and AI Energy.The Summit, which opened today, convened thousands of developers, enterprise representatives, and technology experts from around the world to co-build an AI application ecosystem.The newest version of Hey Tuya represents a comprehensive evolution from foundational AI capabilities to scenario-based intelligent experiences.Third-party services expansion: Hey Tuya now fully integrates with third-party services such as Google Mail, Calendar, and Docs. Users can issue a single voice command to send emails, schedule meetings, or process documents, transforming AI from a conversational tool into an action-oriented assistant.Expanded hardware ecosystem: Hey Tuya has expanded its hardware ecosystem compatibility, with full support for Matter and mainstream open-source platforms such as Home Assistant.Enhanced AI foundation: Hey Tuya's AI foundation has been comprehensively enhanced to support more natural conversations, deeper reasoning, and complex task planning. Users can speak naturally as they would to a friend, and Hey Tuya interprets intent and completes tasks accordingly, evolving from reactive execution to proactive assistance.Expanded skills: Hey Tuya now includes a rich and continuously expanding skill library, supporting functions such as slide generation, image recognition, image creation, and video generation, better meeting users' scenario-based needs.Conversational app creation: With Vibe Coding, developers can rapidly build integrated AI+IoT+Web/mobile solutions. Through natural language interaction exclusively, they can create complex scenarios, personalized device control dashboards, lightweight lifestyle applications, and AI-driven automation workflows. This significantly lowers the barrier to AI application development and empowers a broader range of users to realize their creative visions.Scenario-Based Intelligence: The upgraded Hey Tuya supports scenario-based intelligence across use cases including "Morning Wake-up," "Health Management," and "Away from Home Protection." Each scenario is dynamically generated based on user habits, preferences, and real-time conditions.Tuya Expands Full-Stack AI Capabilities for Hardware InnovationIn addition to debuting the new version of Hey Tuya, Tuya Smart introduced a suite of self-developed, AI-native technologies purpose-built for real-world hardware deployment.At the Summit, Tuya unveiled its self-trained Personal Voice Activity Detection (PVAD) model, designed specifically for AI hardware scenarios. PVAD enables devices to automatically identify and focus on the intended speaker without prior enrollment, significantly reducing false activations in complex acoustic environments. This allows AI-powered hardware to more accurately determine who is speaking before executing commands, thereby enhancing both reliability and user experience.The company also announced major upgrades and new releases across its AI infrastructure, including Physical AI Foundation V2.8, Wukong AI 3.0, Tuya Real-Time Communication (T-RTC) network, Physical Action Model (PAM), and OmniMem V2.0, a long-term memory system. Together, these technologies form a comprehensive "toolkit" for developers building next-generation AI applications.Attendees also experienced Tuya's expanding developer ecosystem firsthand. Highlights included TuyaClaw and DuckyClaw, as well as Vibe Coding, which enables developers to build production-grade applications using natural language, and the enhanced Tuya AI development platform.Through this integrated suite of technologies and tools, Tuya is significantly lowering the barrier to AI development, accelerating innovation, and enabling developers worldwide to bring AI-powered applications to market.Tuya Focuses on Three Core AI Application Ecosystems, Co-Creating AI Living with Global DevelopersAt the Summit, Leo Chen, co-chairman and president of Tuya Smart, stated that definitive AI-driven growth has arrived, and almost all hardware is worth rebuilding with AI. Tuya will fully focus on three frontier application domains—AI Home, AI Robot, and AI Energy—empowering developers to unlock AI value and embrace the next decade-defining opportunity with a "Day One" mindset.AI Home: Enable whole-home intelligent coordination and proactive services across devices through AI.AI Robot: Enhance and expand experiences and application scenarios across five categories—companionship, cleaning, wellness, protection, and embodied robotics.AI Energy: Build an AI-driven energy management system for precise energy monitoring, efficient utilization, and intelligent optimization.From a business-to-business AI developer platform to consumer-facing AI applications, the 2026 TUYA Global Developer Summit outlines a clear path for AI to move from technology to real-world application. Looking ahead, Tuya Smart will continue to work with global developers and ecosystem partners to push the boundaries of innovation, accelerate AI adoption, and bring AI into every corner of the physical world.





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Original: Tuya Smart Unveils Upgraded Hey Tuya and Expanded AI Capabilities for Hardware Innovation, Advancing AI Home, AI Robot, and AI Energy Ecosystems

Tuya Smart Launches TuyaClaw--Still the Same "Claw," but Actually Does HouseworkMarch 24, 2026 2:21 AM
PR Newswire (US)

NEW YORK, March 24, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global AI cloud platform service provider, has officially launched TuyaClaw, the AI agent that connects the digital and physical worlds. Built on the OpenClaw architecture, it significantly reduces deployment barriers while combining "digital employee" and "home manager" capabilities, extending AI's value from screens into real-world environments.Recently, the rise of OpenClaw signals a shift from "AI chat" to task-executing AI agents, but widespread adoption remains limited by complex deployment, model integration, and skill setup. At the same time, most AI agents are still confined to screens—capable of handling digital tasks like writing emails or booking flights, yet unable to interact with physical devices, leaving a critical gap between AI and the real world.TuyaClaw: Bringing AI Agents Out of the Screen and Into Everyday LifeIf OpenClaw placed autonomous task execution in the hands of tech enthusiasts, TuyaClaw brings this capability to mainstream users. It dramatically lowers the barrier to entry, transforming AI agents from niche tools into accessible solutions for everyone.Lower Deployment Barriers with "Minute-Level" SetupCurrently, deploying OpenClaw remains a technical challenge for most users. Tuya provides a one-click installation solution that compresses hours of complex configuration into just minutes, enabling users to install and start using TuyaClaw quickly.Reimagined User Experience with One-Stop ServicesTuyaClaw adopts a subscription-based model, eliminating the complexity of model selection, API integration, and multi-platform billing. With a single subscription, users can freely switch between seven leading large models—including ChatGPT and Gemini—and dozens of model variants. It also offers 3,200+ ready-to-use Skills covering smart home, office automation, and data research scenarios.At the same time, TuyaClaw provides both local and cloud versions. The local version ensures that all operations and data processing are handled locally, while the cloud version—enables 24/7 AI operation without consuming local resources.Enabling AI Agents to Manage Your Home LifeOpenClaw operates in the digital world, sending emails, booking flights, and writing reports—but remains confined to screen-based interactions.TuyaClaw, however, enables AI to execute tasks in everyday scenarios including home environments. It can control both digital interfaces (browsers and desktop applications) and physical devices (smart home and office equipment), bridging the digital and physical worlds and delivering real-life assistance.This is made possible by Tuya's open and neutral global ecosystem, which includes over 3,000 product categories and hundreds of millions of connected devices, allowing TuyaClaw to seamlessly manage established home scenarios without requiring users to start from scratch.TuyaClaw enables seamless integration across home and office scenarios:When you say, "Prepare my 3 PM client presentation," TuyaClaw acts as both a digital employee and a home manager.On-screen, it generates a deck summary and sends notifications via Telegram or Discord;Off-screen, it sets the meeting room air conditioning to 24°C, switches lighting to presentation mode, and lowers the projector screen automatically.From Hey Tuya to TuyaClaw: Strengthening AI-Native Platform Capabilities and EcosystemDuring CES 2026, Tuya launched the AI life assistant Hey Tuya, which supports cross-device connectivity, short- and long-term memory, and deep integration with a vast number of Powered by Tuya devices to actively perceive and serve physical environments.TuyaClaw represents an upgrade to Tuya's Physical AI-native platform capabilities and ecosystem. It adds OpenClaw features such as long-horizon task execution, multi-step planning, and cross-application operations, and will soon integrate deeply with Hey Tuya.Currently, the Tuya ecosystem covers over 3,000 categories of smart devices and will soon be compatible with the Home Assistant ecosystem. This means users will not need to replace existing devices—TuyaClaw will enable AI to move from "answering questions" to "taking action" in real life.In addition, as a global enterprise, Tuya leverages its international market presence and distributional channel to support TuyaClaw users worldwide. With over 120,000 distributional channels, 1.8 million developers, and coverage in more than 200 countries and regions, TuyaClaw is accessible to AI hardware startups, brands, solution providers, and smart home enthusiasts globally.As AI agents gain the ability to execute tasks in the physical world, security becomes paramount. Tuya's Chief Information Security Officer, Liu Longwei, stated: "Regarding potential risks introduced by third-party Skills, we have officially launched the Tuya Skill Security Guardian. This platform intervenes before Skill installation, leveraging three core technologies—threat intelligence, AI-driven code auditing, and sandbox dynamic testing—to provide comprehensive security assessments. It will not only safeguard Tuya's ecosystem but will also be made available as a public security service for the entire industry."Download TuyaClaw from https://claw.tuya.ai/ and start exploring today. You can also chat with it directly on Telegram and Discord.-About Tuya SmartTuya Smart (NYSE: TUYA; HKEX: 2391) is a leading global AI cloud platform service provider dedicated to bringing AI into everyday life. Through its TuyaOpen open-source development framework and universal AI Agent engines, including the AI Agent development platform, Tuya integrates multimodal AI capabilities to lower barriers for AI development, efficiently advancing the realization of AI-driven lifestyles and accelerating AI integration with the physical world. Tuya offers innovative physical AI solutions for smart devices, commercial applications, and industry developers through its cloud computing and spatial intelligence capabilities. It also provides a complete, open, and neutral global AIoT ecosystem. This approach fosters a vibrant global developer community comprising brands, OEMs, AI agents, system integrators, and independent software vendors who collaborate to create smart solution ecosystems embodying the principles of sustainability, security, efficiency, agility, and openness.As of December 31, 2025, the Tuya AI Developer Platform had over 1,801,000 registered AI developers from more than 200 countries and regions.



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Original: Tuya Smart Launches TuyaClaw--Still the Same "Claw," but Actually Does Housework

Tuya Smart Launches TuyaClaw--Still the Same "Claw," but Actually Does HouseworkMarch 24, 2026 2:10 AM
PR Newswire (US)

NEW YORK, March 24, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global AI cloud platform service provider, has officially launched TuyaClaw, the AI agent that connects the digital and physical worlds. Built on the OpenClaw architecture, it significantly reduces deployment barriers while combining "digital employee" and "home manager" capabilities, extending AI's value from screens into real-world environments.Recently, the rise of OpenClaw signals a shift from "AI chat" to task-executing AI agents, but widespread adoption remains limited by complex deployment, model integration, and skill setup. At the same time, most AI agents are still confined to screens—capable of handling digital tasks like writing emails or booking flights, yet unable to interact with physical devices, leaving a critical gap between AI and the real world.TuyaClaw: Bringing AI Agents Out of the Screen and Into Everyday LifeIf OpenClaw placed autonomous task execution in the hands of tech enthusiasts, TuyaClaw brings this capability to mainstream users. It dramatically lowers the barrier to entry, transforming AI agents from niche tools into accessible solutions for everyone.Lower Deployment Barriers with "Minute-Level" SetupCurrently, deploying OpenClaw remains a technical challenge for most users. Tuya provides a one-click installation solution that compresses hours of complex configuration into just minutes, enabling users to install and start using TuyaClaw quickly.Reimagined User Experience with One-Stop ServicesTuyaClaw adopts a subscription-based model, eliminating the complexity of model selection, API integration, and multi-platform billing. With a single subscription, users can freely switch between seven leading large models—including ChatGPT and Gemini—and dozens of model variants. It also offers 3,200+ ready-to-use Skills covering smart home, office automation, and data research scenarios.At the same time, TuyaClaw provides both local and cloud versions. The local version ensures that all operations and data processing are handled locally, while the cloud version—enables 24/7 AI operation without consuming local resources.Enabling AI Agents to Manage Your Home LifeOpenClaw operates in the digital world, sending emails, booking flights, and writing reports—but remains confined to screen-based interactions.TuyaClaw, however, enables AI to execute tasks in everyday scenarios including home environments. It can control both digital interfaces (browsers and desktop applications) and physical devices (smart home and office equipment), bridging the digital and physical worlds and delivering real-life assistance.This is made possible by Tuya's open and neutral global ecosystem, which includes over 3,000 product categories and hundreds of millions of connected devices, allowing TuyaClaw to seamlessly manage established home scenarios without requiring users to start from scratch.TuyaClaw enables seamless integration across home and office scenarios:When you say, "Prepare my 3 PM client presentation," TuyaClaw acts as both a digital employee and a home manager.On-screen, it generates a deck summary and sends notifications via Telegram or Discord;Off-screen, it sets the meeting room air conditioning to 24°C, switches lighting to presentation mode, and lowers the projector screen automatically.From Hey Tuya to TuyaClaw: Strengthening AI-Native Platform Capabilities and EcosystemDuring CES 2026, Tuya launched the AI life assistant Hey Tuya, which supports cross-device connectivity, short- and long-term memory, and deep integration with a vast number of Powered by Tuya devices to actively perceive and serve physical environments.TuyaClaw represents an upgrade to Tuya's Physical AI-native platform capabilities and ecosystem. It adds OpenClaw features such as long-horizon task execution, multi-step planning, and cross-application operations, and will soon integrate deeply with Hey Tuya.Currently, the Tuya ecosystem covers over 3,000 categories of smart devices and will soon be compatible with the Home Assistant ecosystem. This means users will not need to replace existing devices—TuyaClaw will enable AI to move from "answering questions" to "taking action" in real life.In addition, as a global enterprise, Tuya leverages its international market presence and distributional channel to support TuyaClaw users worldwide. With over 120,000 distributional channels, 1.8 million developers, and coverage in more than 200 countries and regions, TuyaClaw is accessible to AI hardware startups, brands, solution providers, and smart home enthusiasts globally.As AI agents gain the ability to execute tasks in the physical world, security becomes paramount. Tuya's Chief Information Security Officer, Liu Longwei, stated: "Regarding potential risks introduced by third-party Skills, we have officially launched the Tuya Skill Security Guardian. This platform intervenes before Skill installation, leveraging three core technologies—threat intelligence, AI-driven code auditing, and sandbox dynamic testing—to provide comprehensive security assessments. It will not only safeguard Tuya's ecosystem but will also be made available as a public security service for the entire industry."Download TuyaClaw from https://claw.tuya.ai/ and start exploring today. You can also chat with it directly on Telegram and Discord.-About Tuya SmartTuya Smart (NYSE: TUYA; HKEX: 2391) is a leading global AI cloud platform service provider dedicated to bringing AI into everyday life. Through its TuyaOpen open-source development framework and universal AI Agent engines, including the AI Agent development platform, Tuya integrates multimodal AI capabilities to lower barriers for AI development, efficiently advancing the realization of AI-driven lifestyles and accelerating AI integration with the physical world. Tuya offers innovative physical AI solutions for smart devices, commercial applications, and industry developers through its cloud computing and spatial intelligence capabilities. It also provides a complete, open, and neutral global AIoT ecosystem. This approach fosters a vibrant global developer community comprising brands, OEMs, AI agents, system integrators, and independent software vendors who collaborate to create smart solution ecosystems embodying the principles of sustainability, security, efficiency, agility, and openness.As of December 31, 2025, the Tuya AI Developer Platform had over 1,801,000 registered AI developers from more than 200 countries and regions.  



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Original: Tuya Smart Launches TuyaClaw--Still the Same "Claw," but Actually Does Housework

Tuya Reports Fourth Quarter and Fiscal 2025 Unaudited Financial Results and Declaration of Cash DividendMarch 2, 2026 5:00 PM
PR Newswire (US)

SANTA CLARA, Calif., March 2, 2026 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025 and the declaration of a cash dividend.Fourth Quarter 2025 Financial HighlightsTotal revenue was US$84.5 million, up approximately 3.0% year-over-year (4Q2024: US$82.1 million).Platform-as-a-service ("PaaS") revenue was US$60.1 million, up approximately 1.4% year-over-year (4Q2024: US$59.3 million).Software-as-a-service ("SaaS") and others revenue was US$12.4 million, up approximately 8.2% year-over-year (4Q2024: US$11.5 million).Smart solution revenue was US$12.0 million, up approximately 6.0% year-over-year (4Q2024: US$11.3 million).Overall gross margin was 47.6%, down 0.2 percentage points year-over-year (4Q2024: 47.8%). Gross margin of PaaS was 47.3% (4Q2024: 47.4%).Operating margin was 9.5%, improved by 14.1 percentage points year-over-year (4Q2024: negative 4.6%). Non-GAAP operating margin was 11.1% (4Q2024: 10.3%).Net margin was 22.9%, improved by 10.9 percentage points year-over-year (4Q2024: 11.9%). Non-GAAP net margin was 24.4% (4Q2024: 26.9%).Net profits were US$19.3 million (4Q2024: US$9.8 million). Non-GAAP net profits were US$20.6 million (4Q2024: US$22.1 million).Net cash generated from operating activities was US$23.5 million (4Q2024: US$30.2 million).Total cash and cash equivalents, time deposits and treasury securities recorded as short-term and long-term investments were US$1,017.3 million as of December 31, 2025, compared to US$1,016.7 million as of December 31, 2024.Full Year 2025 Financial HighlightsTotal revenue was US$321.8 million, up approximately 7.8% year-over-year (for the year ended December 31, 2024: US$298.6 million).Platform-as-a-service ("PaaS") revenue was US$231.2 million, up approximately 6.5% year-over-year (for the year ended December 31, 2024: US$217.1 million).Software-as-a-service ("SaaS") and others revenue was US$44.9 million, up approximately 13.4% year-over-year (for the year ended December 31, 2024: US$39.6 million).Smart solution revenue was US$45.7 million, up approximately 8.9% year-over-year (for the year ended December 31, 2024: US$42.0 million).Overall gross margin increased to 48.2%, up 0.8 percentage points year-over-year (for the year ended December 31, 2024: 47.4%). Gross margin of PaaS increased to 48.3%, up 1.2 percentage points year-over-year (for the year ended December 31, 2024: 47.1%).Operating margin was 3.6%, improved by 19.5 percentage points year-over-year (for the year ended December 31, 2024: negative 15.9%). Non-GAAP operating margin was 10.5%, improved by 2.9 percentage points year-over-year (for the year ended December 31, 2024: 7.6%).Net margin was 18.0%, improved by 16.3 percentage points year-over-year (for the year ended December 31, 2024: 1.7%). Non-GAAP net margin was 24.9% (for the year ended December 31, 2024: 25.2%).Net profits were US$57.9 million (for the year ended December 31, 2024: US$5.0 million). Non-GAAP net profits were US$80.1 million, up approximately 6.4% year-over-year (for the year ended December 31, 2024: US$75.3 million).Net cash generated from operating activities was US$81.0 million, increased by 0.9% year-over-year (for the year ended December 31, 2024: US$80.4 million).For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Fourth Quarter and Fiscal Year 2025 Operating HighlightsPaaS customers[1] for the fourth quarter of 2025 were approximately 2,100 (4Q2024: approximately 2,100). Total customers for the fourth quarter of 2025 were approximately 3,000 (4Q2024: 3,000).Premium PaaS customers[2] for the trailing 12 months ended December 31, 2025 were 291 (4Q2024: 298). In the fourth quarter of 2025, the Company's premium PaaS customers contributed approximately 88.3% of its PaaS revenue (4Q2024: approximately 87.3%).Dollar-based net expansion rate ("DBNER")[3] of PaaS for the trailing 12 months ended December 31, 2025 was 102% (4Q2024: 122%).Registered AI developers were over 1,801,000 as of December 31, 2025, up 37% from approximately 1,316,000 developers as of December 31, 2024.The Company defines a PaaS customer for a given period as a customer who has directly placed orders for PaaS with the Company during that period.The Company defines a premium PaaS customer as a customer as of a given date that contributed more than US$100,000 of PaaS revenue during the immediately preceding 12-month period.The Company calculates DBNER of PaaS for a trailing 12-month period by first identifying all customers in the prior 12-month period (i.e., those have placed at least one order for PaaS during that period), and then calculating the quotient from dividing the PaaS revenue generated from such customers in the current trailing 12-month period by the PaaS revenue generated from the same group of customers in the prior 12-month period. The Company's DBNER may change from period to period, due to a combination of various factors, including changes in the customers' purchase cycles and amounts and the Company's customer mix, among other things. DBNER indicates the Company's ability to expand customer use of the Tuya platform over time and generate revenue growth from existing customers.Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya, commented, "We maintained steady progress amid a complex and evolving operating environment, delivering solid revenue growth for the full year while further enhancing profitability and operating efficiency. The steady improvement in gross margin reflects our value positioning and technical pricing power within the industry, as well as the resilience of our core platform business structure. Sustained and healthy net profitability and operating cash flow further validate the durability of our business model and our ability to translate disciplined operations into solid financial performance.Strategically, we continued to advance our AI+IoT strategy of 'platform empowerment + application expansion,' accelerating the systematic integration of AI capabilities across our platform and device ecosystem. At CES, we introduced Hey Tuya, our AI-powered smart life assistant, and showcased the supporting Physical AI Engine (PAE) architecture. This extension of our AI capabilities from the platform layer to cross-device, scenario-based product experiences marks a significant milestone in our transition from technology enablement to scenario-based product deployment.As of the end of 2025, the number of registered AI+IoT developers on our platform reached 1.8 million, representing a 37% year-over-year increase. Approximately 16,000 AI Agents have been cumulatively developed on the Tuya platform. AI penetration across end products continues to increase, with commercialization advancing steadily. AI is evolving from standalone functionality into replicable applications and recurring revenue streams, structurally enhancing our platform's value.Looking ahead, we will continue to strengthen our AI-native platform capabilities and developer ecosystem. Supported by a robust business model and solid financial foundation, we remain focused on driving long-term value creation."Mr. Yi (Alex) Yang, Director and Chief Financial Officer of Tuya, added, "In the fourth quarter, the Company's profitability continued to improve, with GAAP operating margin turning positive year over year and net profit margin expanding significantly, primarily driven by expense mix optimization and increased operating leverage. Building on steady revenue growth, we achieved a meaningful improvement in profitability.For the full year 2025, the Company restored GAAP profitability while maintaining revenue growth and solid operating cash flow, reflecting continued cost discipline and resource allocation optimization.Meanwhile, leveraging the ongoing evolution of our AI capabilities, we accelerated the development of recurring revenue models, particularly cloud software and value-added services, across our existing customer and developer ecosystem. In 2025, SaaS and others revenue achieved double-digit year-over-year growth, outpacing overall revenue growth and indicating continued improvement in revenue mix.As of year-end, the Company's balance sheet remained strong, with cash and liquid investments exceeding US$1.0 billion and no interest-bearing debt. Our liquidity position provides flexibility to support long-term strategic investments and resilience against external volatility."Fourth Quarter 2025 Unaudited Financial ResultsREVENUETotal revenue in the fourth quarter of 2025 increased by 3.0% to US$84.5 million from US$82.1 million in the same period of 2024.PaaS revenue in the fourth quarter of 2025 increased by 1.4% to US$60.1 million from US$59.3 million in the same period of 2024, primarily due to increasing demand compared with the same period of 2024 and the Company's strategic focus on customer needs and product enhancements, despite the disruptions in the international business environment due to tariff-related headwinds since this April. As a result, the Company's DBNER of PaaS for the trailing 12 months ended December 31, 2025 softened to 102%, primarily reflecting more cautious purchasing behavior and customers' elongated budgeting cycles amid a complex macro environment. Despite this, our core customer base remained stable, and premium PaaS customers continued to contribute a high proportion of PaaS revenue.SaaS and others revenue in the fourth quarter of 2025 increased by 8.2% to US$12.4 million from US$11.5 million in the same period of 2024, primarily due to an increase in revenue from cloud software products. During the quarter, the Company remained committed to offering value-added services and a diverse range of software products with compelling value propositions to its customers.Smart solution revenue in the fourth quarter of 2025 increased by 6.0% to US$12.0 million from US$11.3 million in the same period of 2024.COST OF REVENUECost of revenue in the fourth quarter of 2025 increased by 3.3% to US$44.2 million from US$42.8 million in the same period of 2024, generally in line with the increase in the Company's total revenue.GROSS PROFIT AND GROSS MARGINTotal gross profit in the fourth quarter of 2025 increased by 2.6% to US$40.2 million from US$39.2 million in the same period of 2024. The gross margin in the fourth quarter of 2025 was 47.6%, compared to 47.8% in the same period of 2024.PaaS gross margin in the fourth quarter of 2025 was 47.3%, compared to 47.4% in the same period of 2024.SaaS and others gross margin in the fourth quarter of 2025 was 73.0%, compared to 72.7% in the same period of 2024.Smart solution gross margin in the fourth quarter of 2025 was 22.9%, compared to 24.9% in the same period of 2024.Gross margin of each revenue stream increased or fluctuated primarily due to changes in products and solutions mix. As an AI developer platform with a rich ecosystem of smart devices and applications, the Company remains focused on software products with compelling value propositions while maintaining cost efficiency.OPERATING EXPENSESOperating expenses decreased by 25.2% to US$32.2 million in the fourth quarter of 2025 from US$43.0 million in the same period of 2024. Non-GAAP operating expenses increased by 0.5% to US$30.9 million in the fourth quarter of 2025 from US$30.8 million in the same period of 2024. For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Research and development expenses in the fourth quarter of 2025 were US$21.7 million, down 8.3% from US$23.7 million in the same period of 2024, primarily due to lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized. Non-GAAP adjusted research and development expenses in the fourth quarter of 2025 were US$20.9 million, compared to US$21.2 million in the same period of 2024.Sales and marketing expenses in the fourth quarter of 2025 were US$8.9 million, down 1.1% from US$9.0 million in the same period of 2024, primarily because of (i) a decrease in employee-related costs due to regular team movements, (ii) lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized, partially offset by increases in operating expenses. Non-GAAP adjusted sales and marketing expenses in the fourth quarter of 2025 were US$8.7 million, compared to US$8.2 million in the same period of 2024.General and administrative expenses in the fourth quarter of 2025 were US$4.1 million, down 69.7% from US$13.6 million in the same period of 2024, primarily because of (i) lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized, (ii) a decrease in professional service costs, among other things. Non-GAAP adjusted general and administrative expenses in the fourth quarter of 2025 were US$3.9 million, compared to US$4.7 million in the same period of 2024.Other operating income, net in the fourth quarter of 2025 was US$2.6 million, primarily due to the receipt of software value-added tax refunds.LOSS/PROFIT FROM OPERATIONS AND OPERATING MARGINProfit from operations in the fourth quarter of 2025 was US$8.0 million, compared to a loss of US$3.8 million in the same period of 2024. The Company had a non-GAAP profit from operations of US$9.4 million in the fourth quarter of 2025, compared to a non-GAAP profit from operations of US$8.5 million in the same period of 2024, demonstrating consistent operating profitability and leverage.Operating margin in the fourth quarter of 2025 was 9.5%, improved by 14.1 percentage points from negative 4.6% in the same period of 2024. Non-GAAP operating margin in the fourth quarter of 2025 was 11.1%, improved by 0.8 percentage points from 10.3% in the same period of 2024.NET PROFIT AND NET MARGINNet profit in the fourth quarter of 2025 was US$19.3 million, improved by 97.4 percentage points from US$9.8 million in the same period of 2024. Non-GAAP net profit in the fourth quarter of 2025 was US$20.6 million, compared to US$22.1 million in the same period of 2024, demonstrating consistent profitability and improved leverage, despite being partially impacted by interest rate cuts.Net margin in the fourth quarter of 2025 was 22.9%, improved by 11.0 percentage points from 11.9% in the same period of 2024. Non-GAAP net margin in the fourth quarter of 2025 was 24.4%, compared to 26.9% in the same period of 2024.BASIC AND DILUTED NET PROFIT PER ADSBasic and diluted net profit per ADS was US$0.03 in the fourth quarter of 2025, compared to basic and diluted net profit of US$0.02 in the same period of 2024. Each ADS represents one Class A ordinary share.Non-GAAP basic and diluted net profit per ADS was US$0.03 in the fourth quarter of 2025, compared to non-GAAP basic and diluted net profit of US$0.04 in the same period of 2024.CASH AND CASH EQUIVALENTS, TIME DEPOSITS AND TREASURY SECURITIES RECORDED AS SHORT-TERM AND LONG-TERM INVESTMENTSCash and cash equivalents, time deposits and treasury securities recorded as short-term and long-term investments were US$1,017.3 million as of December 31, 2025, compared to US$1,016.7 million as of December 31, 2024. The Company believes its current cash position is sufficient to meet its current liquidity and working capital needs.NET CASH GENERATED FROM OPERATING ACTIVITIESNet cash generated from operating activities in the fourth quarter of 2025 was US$23.5 million, compared to US$30.2 million in the same period of 2024. The net cash generated from operating activities for the fourth quarter of 2025 mainly due to working capital changes in the ordinary course of business.For further information on non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Fiscal Year 2025 Unaudited Financial ResultsREVENUETotal revenue increased by 7.8% to US$321.8 million in 2025 from US$298.6 million in 2024, mainly due to the increase in PaaS revenue and SaaS revenue.PaaS revenue increased by 6.5% to US$231.2 million in the year ended December 31, 2025 from US$217.1 million in the same period of 2024, primarily due to steady demand from core customers and the Company's continued focus on product enhancements and customer needs.SaaS and others revenue increased by 13.4% to US$44.9 million in the year ended December 31, 2025 from US$39.6 million in the same period of 2024, primarily due to an increase in revenue from cloud software products. During the year ended December 31, 2025, the Company remained committed to offering value-added services and a diverse range of software products with compelling value propositions to its customers.Smart solution revenue increased by 8.9% to US$45.7 million in the year ended December 31, 2025 from US$42.0 million in the same period of 2024, primarily attributable to the increasing customer demand for smart devices with integrated intelligent software capabilities the Company developed beyond IoT.COST OF REVENUECost of revenue increased by 6.1% to US$166.8 million in the year ended December 31, 2025 from US$157.2 million in the same period of 2024, in line with the increase in total revenue.GROSS PROFIT AND GROSS MARGINTotal gross profit increased by 9.6% to US$155.0 million in the year ended December 31, 2025 from US$141.4 million in the same period of 2024. Gross margin increased to 48.2% in the year ended December 31, 2025 from 47.4% in the same period of 2024.PaaS gross margin was 48.3% in the year ended December 31, 2025, compared to 47.1% in the same period of 2024.SaaS and others gross margin was 72.5% in the year ended December 31, 2025, compared to 71.9% in the same period of 2024.Smart solution gross margin was 23.7% in the year ended December 31, 2025, compared to 25.5% in the same period of 2024.Gross margin of each revenue stream increased or fluctuated primarily due to changes in products and solutions mix. As a developer platform with rich ecosystem of smart devices and applications, the Company remains focused on software products with compelling value propositions while maintaining cost efficiency.OPERATING EXPENSESOperating expenses decreased by 24.1% to US$143.6 million in the year ended December 31, 2025 from US$189.1 million in the same period of 2024. Non-GAAP operating expenses increased by 2.2% to US$121.4 million in the year ended December 31, 2025 from US$118.7 million in the same period of 2024. For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Research and development expenses were US$89.7 million in the year ended December 31, 2025, down 5.6% from US$95.0 million in the same period of 2024, primarily because of lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized, partially offset by higher employee-related costs and other operating expenses associated with regular team movements and ongoing investments in research and development capabilities. Non-GAAP adjusted research and development expenses in the year ended December 31, 2025 were US$84.3 million, compared to US$80.7 million in the same period of 2024.Sales and marketing expenses were US$33.1 million in the year ended December 31, 2025, down 10.7% from US$37.1 million in the same period of 2024, primarily because of (i) a decrease in employee-related costs due to regular team movements, and (ii) lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been largely amortized. Non-GAAP adjusted sales and marketing expenses in the year ended December 31, 2025 were US$31.1 million, compared to US$32.0 million in the same period of 2024.General and administrative expenses were US$30.9 million in the year ended December 31, 2025, down 54.7% from US$68.3 million in the same period of 2024, primarily because of (i) lower share-based compensation expenses as equity incentive awards granted at higher valuations in previous years have been gradually amortized, and (ii) a decrease in professional service costs, among other things. Non-GAAP adjusted general and administrative expenses in the year ended December 31, 2025 were US$16.2 million, compared to US$17.4 million in the same period of 2024.Other operating incomes, net were US$10.2 million in the year ended December 31, 2025, primarily due to receipts of software value-added tax refund.LOSS/PROFIT FROM OPERATIONS AND OPERATING MARGINProfit from operations was US$11.5 million in the year ended December 31, 2025, compared to a loss from operations of US$47.6 million in the same period of 2024. Non-GAAP profit from operations was US$33.7 million in the year ended December 31, 2025, compared to US$22.7 million in the same period of 2024.Operating margin was 3.6% in the year ended December 31, 2025, improved by 19.5 percentage points from negative 15.9% in the same period of 2024. Non-GAAP operating margin was 10.5% in the year ended December 31, 2025, improved by 2.9 percentage points from 7.6% in the same period of 2024.NET PROFIT AND NET MARGINThe Company had a net profit of US$57.9 million in the year ended December 31, 2025, compared to US$5.0 million in the year ended December 31, 2024.The Company had a non-GAAP net profit of US$80.1 million in the year ended December 31, 2025, increased by 6.4% compared to US$75.3 million in the same period of 2024, demonstrating the Company's ability to sustain strong profitability on a non-GAAP basis.Net margin was 18.0% in the year ended December 31, 2025, improved by 16.3 percentage points from 1.7% in the same period of 2024, and non-GAAP net margin was 24.9% in the year ended December 31, 2025, compared to 25.2% in the same period of 2024.BASIC AND DILUTED NET PROFIT PER ADSBasic and diluted net profit per ADS were US$0.09 in the year ended December 31, 2025, compared to basic and diluted net profit of US$0.01 in the same period of 2024. Each ADS represents one Class A ordinary share of the Company.Non-GAAP basic and diluted net profit per ADS in the year ended December 31, 2025 were US$0.13, compared to basic and diluted net profit per ADS of US$0.13 in the same period of 2024.CASH AND CASH EQUIVALENTS, TIME DEPOSITS AND TREASURY SECURITIES RECORDED AS SHORT-TERM AND LONG-TERM INVESTMENTSCash and cash equivalents, time deposits and treasury securities recorded as short-term and long-term investments were US$1,017.3 million as of December 31, 2025, compared to US$1,016.7 million as of December 31, 2024, which the Company believes is sufficient to meet its current liquidity and working capital needs.NET CASH GENERATED FROM OPERATING ACTIVITIESNet cash generated from operating activities was US$81.0 million in the year ended December 31, 2025, up 0.9% compared to US$80.4 million in the same period of 2024. The net cash generated from operating activities in the year ended December 31, 2025 improved mainly due to the increase in the Company's revenue and the decrease in working capital changes in the ordinary course of business.For further information on non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."Business OutlookThe overall operating environment for connected devices and intelligent solutions remains complex, while continuing to show signs of stabilization. Participants across the value chain – including manufacturers, brands, and channel partners – are maintaining a cautious approach to planning; however, we have observed a normalization in project execution and clearer demand visibility in several of our core categories.At the same time, enterprises and consumers worldwide are accelerating their adoption of AI technologies and smart hardware. In the fourth quarter, Tuya continued to advance its AI and platform strategy by enhancing its AI-powered PaaS and SaaS offerings, expanding industry-focused solutions such as space-intelligence, and further cultivating its global developer and partner ecosystem. These initiatives are designed to reinforce our position as a leading AI developer platform and drive diversified, higher-value revenue streams over the long term.Building on recent quarters' progress, including sustained profitability, improved margins and robust operating cash flow, the Company remains focused on disciplined execution while selectively investing in key product, technology, and market growth opportunities. Tuya believes that its platform capabilities, ecosystem strengths, and solid financial position provide a strong foundation to navigate near-term uncertainties and capture long-term structural opportunities in the global intelligent technology market.In response to this evolving market environment, the Company will remain committed to iterating and improving its products and services and further enhancing software and hardware capabilities, specifically by leveraging its AI capabilities, expanding its key customer base, investing in innovations and new opportunities, diversifying revenue streams, and further optimizing operating efficiency. At the same time, the Company's future trajectory may be affected by a range of factors, including shifting consumer spending patterns, regional economic disparities, inventory management, foreign exchange rate and interest rate volatility, new tariffs, adjustments in existing tariffs or trade barriers, and broader geopolitical uncertainties.Declaration of Cash Dividend and Record DateOn March 2, 2026, the Board has approved the declaration and distribution of a cash dividend (the "Cash Dividend") of US$0.0605 per ordinary share, or US$0.0605 per ADS, to such holders as at the close of business on March 18, 2026, Hong Kong Time and New York Time, respectively. The aggregate amount of the Cash Dividend will be approximately US$37 million, which is payable in U.S. dollars and in cash, and will be funded by surplus cash and to be paid out from the share premium account of the Company. The determination to make distributions and the amount of such distributions will be made at the discretion of its Board and will be based upon the Company's operations and earnings, including, but not limited to, considerations of the Company's GAAP and Non-GAAP net profits, cash flows, financial conditions and other relevant factors.In order to qualify for the Cash Dividend, with respect to ordinary shares registered on the Company's Hong Kong share register, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's Hong Kong share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, no later than 4:30 p.m. on Wednesday, March 18, 2026, Hong Kong time; and with respect to the ordinary shares registered on the Company's principal share register in the Cayman Islands, all valid documents for the transfers of shares accompanied by the relevant share certificates must be lodged with the Company's principal share registrar, Maples Fund Services (Cayman) Limited, at PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman, KY1-1102, Cayman Islands, no later than 3:30 p.m. on Tuesday, March 17, 2026, Cayman Islands time (due to the time difference between Cayman Islands and Hong Kong).Cash Dividend to be paid to the holders of ADSs issued by the depositary of the ADSs will be subject to the terms of the deposit agreement. The payment date is expected to be on or around April 15, 2026 for holders of ordinary shares, and on or around April 21, 2026 for holders of ADSs.Conference Call InformationThe Company's management will hold a conference call at 07:30 P.M. U.S. Eastern Time on Monday, March 2, 2026 (08:30 A.M. Hong Kong Time on Tuesday, March 3, 2026) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique PIN (personal access code) to join the call as well as an email confirmation with the details.Participants Online Webcast Registration:
https://edge.media-server.com/mmc/p/tjv6firrParticipants Call Registration: https://register-conf.media-server.com/register/BI078ae0991e654d959884fbb4236f74a0A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.tuya.com.About Tuya Inc.Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.Use of Non-GAAP Financial MeasuresIn evaluating the business, the Company considers and uses non-GAAP financial measures, such as non-GAAP operating expenses, non-GAAP profit from operations (including non-GAAP operating margin), non-GAAP net profit (including non-GAAP net margin), and non-GAAP basic and diluted net profit per ADS, as supplemental measures to review and assess its operating performance. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The Company defines non-GAAP financial measures by excluding the impact of share-based compensation expenses, credit-related impairment/(reversal) of long-term investments and litigation costs from the respective GAAP financial measures. The Company presents the non-GAAP financial measures because they are used by the management to evaluate its operating performance and formulate business plans. The Company also believes that the use of the non-GAAP financial measures facilitates investors' assessment of its operating performance.Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using the aforementioned non-GAAP financial measures is that they do not reflect all items of expenses that affect the Company's operations. Share-based compensation expenses, credit-related impairment/(reversal) of long-term investments and litigation costs have been and may continue to be incurred in the business and are not reflected in the presentation of non-GAAP measures. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP measures to the most directly comparable U.S. GAAP measures, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.Reconciliations of Tuya's non-GAAP financial measures to the most comparable U.S. GAAP measures are included at the end of this press release.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "target", "aim", "estimate", "intend", "plan", "believe", "potential", "continue", "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. The forward-looking statements included in this press release are only made as of the date hereof, and the Company disclaims any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.Investor Relations ContactTuya Inc.
Investor Relations
Email: ir@tuya.comHL Strategy
Haiyan LI-LABBE
Email: hl@hl-strategy.comPiacente Financial Communications
China Tel: +86-10-6508-0677
U.S. Tel: +1-212-481-2050
Email: tuya@thepiacentegroup.com  TUYA INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSAS OF DECEMBER 31, 2024 AND 2025(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

As ofDecember 31,As ofDecember 31,
20242025


ASSETS

Current assets:

Cash and cash equivalents653,334890,708 Restricted cash50– Short-term investments194,53661,770 Accounts receivable, net7,59213,193 Notes receivable, net7,48510,111 Inventories, net23,84030,943 Prepayments and other current assets, net16,17916,486


Total current assets903,0161,023,211





Non-current assets:

Restricted cash–245 Property, equipment and software, net6,61915,653 Land use rights, net8,8258,843 Operating lease right-of-use assets, net4,5505,649 Long-term investments180,09277,213 Other non-current assets, net6781,700


Total non-current assets200,764109,303


Total assets1,103,7801,132,514





LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable19,05131,778 Advances from customers31,34629,330 Deferred revenue, current7,5259,732 Accruals and other current liabilities32,25733,261 Incomes tax payables360142 Lease liabilities, current3,7981,985


Total current liabilities94,337106,228


Non-current liabilities:

Lease liabilities, non-current8513,329 Deferred revenue, non-current377352 Other non-current liabilities767–


Total non-current liabilities1,9953,681


Total liabilities96,332109,909


  TUYA INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)AS OF DECEMBER 31, 2024 AND 2025(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)
As ofDecember 31,As ofDecember 31,
20242025


Shareholders' equity:

Ordinary shares–– Class A ordinary shares2527 Class B ordinary shares44 Treasury stock(15,726)(12) Additional paid-in capital1,612,7121,549,389 Accumulated other comprehensive loss(19,716)(14,842) Accumulated deficit(569,851)(511,961)


Total shareholders' equity1,007,4481,022,605


Total liabilities and shareholders' equity1,103,7801,132,514


  TUYA INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

For the Three Months EndedFor the Year Ended
December 31,2024December 31,2025December 31,2024December 31,2025




Revenue82,05984,487298,617321,791Cost of revenue(42,821)(44,245)(157,187)(166,750)




Gross profit39,23840,242141,430155,041




Operating expenses:



Research and development expenses(23,705)(21,729)(95,049)(89,687) Sales and marketing expenses(9,048)(8,945)(37,081)(33,110) General and administrative expenses(13,618)(4,127)(68,254)(30,916) Other operating incomes, net3,3372,60511,33410,151




Total operating expenses(43,034)(32,196)(189,050)(143,562)




(Loss)/profit from operations(3,796)8,046(47,620)11,479




Other income



Other non-operating income, net7672,9154,1805,215 Financial income, net12,4749,64750,71844,179 Foreign exchange gain/(loss), net864(974)(136)(1,030)




Profit before income tax expense10,30919,6347,14259,843 Income tax expense(524)(320)(2,145)(1,953)




Net profit9,78519,3144,99757,890




Net profit attributable to Tuya Inc.9,78519,3144,99757,890




Net profit attribute to ordinary shareholders9,78519,3144,99757,890




Net profit9,78519,3144,99757,890




Other comprehensive (loss)/income



Changes in fair value of long-term investments1532414115 Transfer out of fair value changes of long-term investments––(65)– Foreign currency translation(4,450)2,657(2,574)4,759




Total comprehensive income attributable to Tuya Inc.5,48821,9952,37262,764




  TUYA INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME (CONTINUED)(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

For the Three Months EndedFor the Year Ended
December 31,December 31,December 31,December 31,
2024202520242025




Net profit attributable to Tuya Inc.9,78519,3144,99757,890




Net profit attributable to ordinary shareholders9,78519,3144,99757,890




Weighted average number of ordinary shares used in computing net profit per share, basic and diluted



– basic587,987,654613,741,082573,782,783611,714,837 – diluted589,689,036615,736,271591,006,801613,807,254




Net profit per share attributable to ordinary shareholders, basic and diluted



– Basic0.020.030.010.09 – Diluted0.020.030.010.09




Share-based compensation expenses were included in:



Research and development expenses2,48780414,3475,404 Sales and marketing expenses8692585,0982,047 General and administrative expenses8,85532248,30514,812  TUYA INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

For the Three Months EndedFor the Year Ended
December 31,2024December 31,2025December 31,2024December 31,2025




Net cash generated from operating activities30,18223,52680,35281,040Net cash generated from investing activities45,55654,587107,428225,979Net cash used in financing activities(33,022)(32,958)(33,200)(69,870)Effect of exchange rate changes on cash and cash equivalents, restricted cash(387)281116420




Net increase in cash and cash equivalents, restricted cash42,32945,436154,696237,569




Cash and cash equivalents, restricted cash at the beginning of period611,055845,517498,688653,384




Cash and cash equivalents, restricted cash at the end of period653,384890,953653,384890,953




  TUYA INC.UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY
COMPARABLE FINANCIAL MEASURES(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

For the Three Months EndedFor the Year Ended
December 31,December 31,December 31,December 31,
2024202520242025




Reconciliation of operating expenses to non-GAAP operating expenses



Research and development expenses(23,705)(21,729)(95,049)(89,687)Add: Share-based compensation expenses2,48780414,3475,404Adjusted Research and development expenses(21,218)(20,925)(80,702)(84,283)




Sales and marketing expenses(9,048)(8,945)(37,081)(33,110)Add: Share-based compensation expenses8692585,0982,047Adjusted Sales and marketing expenses(8,179)(8,687)(31,983)(31,063)




General and administrative expenses(13,618)(4,127)(68,254)(30,916)Add: Share-based compensation expenses8,85532248,30514,812Add: Credit-related impairment/(reversal) of
long-term investments72(80)261(53)Add: Litigation costs––2,300–Adjusted General and administrative expenses(4,691)(3,885)(17,388)(16,157)




Reconciliation of (loss)/profit from operations to non-GAAP profit from operations



(Loss)/profit from operations(3,796)8,046(47,620)11,479Operating margin(4.6) %9.5 %(15.9) %3.6 %Add: Share-based compensation expenses12,2111,38467,75022,263Add: Credit-related impairment/(reversal) of
long-term investments72(80)261(53)Add: Litigation costs––2,300–Non-GAAP profit from operations8,4879,35022,69133,689




Non-GAAP Operating margin10.3 %11.1 %7.6 %10.5 %




  TUYA INC.UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY
COMPARABLE FINANCIAL MEASURES (CONTINUED)(All amounts in US$ thousands ("US$"),except for share and per share data, unless otherwise noted)

For the Three Months EndedFor the Year Ended
December 31,December 31,December 31,December 31,
2024202520242025




Reconciliation of net profit to non-GAAP net profit



Net profit9,87519,3144,99757,890Net margin11.9 %22.9 %1.7 %18.0 %Add: Share-based compensation expenses12,2111,38467,75022,263Add: Credit-related impairment/(reversal) of
long-term investments72(80)261(53)Add: Litigation costs––2,300–Non-GAAP Net profit22,06820,61875,30880,100




Non-GAAP Net margin26.9 %24.4 %25.2 %24.9 %




Weighted average number of ordinary shares used in computing non-GAAP net profit per share,



– Basic587,987,654613,741,082573,782,783611,714,837




Non-GAAP net profit per share attributable to ordinary shareholders



– Basic0.040.030.130.13




– Diluted0.040.030.130.13




   



View original content:https://www.prnewswire.com/news-releases/tuya-reports-fourth-quarter-and-fiscal-2025-unaudited-financial-results-and-declaration-of-cash-dividend-302701468.htmlSOURCE Tuya Inc.

Original: Tuya Reports Fourth Quarter and Fiscal 2025 Unaudited Financial Results and Declaration of Cash Dividend

Tuya to Report Fourth Quarter and Fiscal Year 2025 Financial Results on March 2, 2026 Eastern TimeFebruary 11, 2026 5:00 AM
PR Newswire (US)

SANTA CLARA, Calif., Feb. 11, 2026 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will report its unaudited fourth quarter and preliminary fiscal year 2025 financial results after the market closes on Monday, March 2, 2026.Tuya's management will hold a conference call at 07:30 P.M. Eastern Time on Monday, March 2, 2026 (08:30 A.M. Hong Kong Time on Tuesday, March 3, 2026) to discuss the financial results. In advance of the conference call, all participants must use the following links to complete the online registration process. Upon registering, each participant will receive the dial-in information and a unique PIN (personal access code) to join the call as well as an email confirmation with the details.Participants Online Webcast Registration: https://edge.media-server.com/mmc/p/tjv6firrParticipants Call Registration: https://register-conf.media-server.com/register/BI078ae0991e654d959884fbb4236f74a0A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.tuya.com.About Tuya Inc.Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.Investor Relations ContactTuya Inc.
Investor Relations
Email: ir@tuya.comHL Strategy
Haiyan LI-LABBE
Email: hl@hl-strategy.comPiacente Financial Communications
China Tel: +86-10-6508-0677
U.S. Tel: +1-212-481-2050
Email: tuya@thepiacentegroup.com



View original content:https://www.prnewswire.com/news-releases/tuya-to-report-fourth-quarter-and-fiscal-year-2025-financial-results-on-march-2-2026-eastern-time-302684734.htmlSOURCE Tuya Inc.

Original: Tuya to Report Fourth Quarter and Fiscal Year 2025 Financial Results on March 2, 2026 Eastern Time

Tuya Smart Powers the Next Wave of AI Toys at Spielwarenmesse 2026January 30, 2026 5:58 PM
PR Newswire (US)

NUREMBERG, Germany, Jan. 30, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global AI cloud platform service provider, showcased a series of groundbreaking AI products at Spielwarenmesse 2026 in Nuremberg from January 27 to 31. At the event, Tuya also unveiled the secret behind the next generation of AI toys that are set to become the next big hit.
Nebula Plush AI Toy The most impressive feature of the Nebula Plush AI Toy is its real-time LED facial expression feedback based on user emotions. When you're happy or sad, it can respond through changes in its eyes. It not only supports smooth conversation but also features carefully designed tactile feedback, responding to hugs and touches vividly. Combined with storytelling, news broadcasting, and interactive games, it becomes a true AI companion with long-term memory and emotional companionship capabilities.WaluluWalulu precisely addresses the demand for personalized companionship. Its AI core can detect up to 19 distinct emotional responses and supports over 60 languages. Moreover, it integrates seamlessly with major AI large language models, including ChatGPT, Gemini, DeepSeek, Qwen, and Doubao. Users can choose or cultivate a range of personality traits—such as cheerful, quiet, curious, or considerate—to build a personalized, dynamic pet community.AI Learning CameraThe AI Learning Camera skillfully blends AI vision with education. Its object recognition feature not only identifies objects but also links them to cultural and educational content. For example, when capturing foreign languages, the camera can provide real-time pronunciation and translation. Additionally, its built-in AI filters and image transformation features can turn children's doodles into stunning digital artwork, igniting creativity. Through multimodal AI conversations, it can also become a fun, exploratory companion for children as they discover the world.In addition, Tuya showcased AI robotic dogs with motion mimicry and emotional interaction capabilities, responding to voice commands and performing a variety of realistic actions. There was also the AI Clock, offering customizable theme scenes and alarm settings that turn every wake-up into a ceremonial experience. These innovative AI products represent the expanding boundaries of intelligent companionship. They demonstrate that the next generation of AI toys is moving beyond single-function toys to offer deeper emotional resonance, more personalized interactive experiences, and seamless integration with real-world scenarios.Tuya AI Toy Solution: The Foundation Behind Hot-Selling ProductsDeveloping truly intelligent AI toys is no easy task. From hardware design and AI model training to multilingual support and content safety, every step presents a unique challenge. To empower developers, brands, and retailers to create the next generation of AI toys, Tuya Smart introduced its comprehensive AI toy solution at the Spielwarenmesse 2026. The solution spans the entire process—from concept design and hardware/software development to AI personality creation and market launch—dramatically reducing the development and application barriers for AI toys.Transform Toys to AI Companions Using Tuya's AI Agent Development Platform, customers can design the personality, memory logic, and behavioral patterns of their toys without having to train underlying models or build complex infrastructure. The platform seamlessly integrates with leading AI models, enabling multi-turn conversations, emotional feedback, and scenario-based memory, effectively transforming static toys into intelligent, responsive companions that can connect more deeply with users.Flexible AI Toy Development Tailored to Every ClientTuya offers several development pathways to meet the various needs of brand owners and retailers. Clients can choose from ready-to-market OEM solutions, integrate AI capabilities into existing products through Tuya's AI Modules and AI Boxes while maintaining their original design, or opt for deep customization to craft unique AI toys based on brand IP and cultural stories. Whether it's plush toys, robots, educational tools, or wearable tech, Tuya's AI toy solutions offer the most appropriate options.Responsible Companionship Designed for Families in the AI Era Data privacy and content security are critical when it comes to children. Tuya's AI toy solutions are equipped with a parental management app, enabling parents to monitor conversation histories, receive AI-generated behavior summaries, and gain growth insights. Parents can also manage interaction content and screen time, ensuring a responsible and secure AI companionship experience for families.Enabling Client Success Through Efficient AI Toy DeploymentIn the wave of AI toy innovation, Tuya provides developers, brand owners, and retailers with a faster, more cost-effective, and secure path to market. With Tuya's robust AI platform and module support, customers can bypass the complexity of building AI from scratch, reducing the development cycle from concept to mass production by more than 60%. The time to market can be as short as 15 days, enabling a fast track for launching new products.Cost-wise, Tuya's integrated AI platform minimizes repetitive development and integration costs, leading to a 30% to 50% reduction in overall R&D and implementation expenses. On the security and compliance front, the platform is pre-configured with security frameworks that adhere to global standards like GDPR and CCPA, supporting hardware encryption, data localization, and parental controls to help products enter global markets swiftly.Additionally, Tuya's AIoT infrastructure spans over 200 countries and regions, offering real-time language support in more than 60 languages and robust cloud management capabilities, enabling efficient global deployment and operations.As AI continues to evolve, the true value of toys lies not just in their "intelligence" but in how they foster emotional connections and support growth. At the Spielwarenmesse 2026, Tuya's showcase was more than just a presentation—it was a deeper conversation about the future of AI and emotional companionship. Looking ahead, Tuya will continue to partner with global innovators to explore the future of AI toys, creating truly warm companions for the next generation.Photo - https://mma.prnewswire.com/media/2873403/image_1.jpg
Photo - https://mma.prnewswire.com/media/2873404/2.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/tuya-smart-powers-the-next-wave-of-ai-toys-at-spielwarenmesse-2026-302675467.html

Original: Tuya Smart Powers the Next Wave of AI Toys at Spielwarenmesse 2026

Tuya Smart Powers the Next Wave of AI Toys at Spielwarenmesse 2026January 30, 2026 5:02 PM
PR Newswire (US)

NUREMBERG, Germany, Jan. 30, 2026 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global AI cloud platform service provider, showcased a series of groundbreaking AI products at Spielwarenmesse 2026 in Nuremberg from January 27 to 31. At the event, Tuya also unveiled the secret behind the next generation of AI toys that are set to become the next big hit.Nebula Plush AI Toy The most impressive feature of the Nebula Plush AI Toy is its real-time LED facial expression feedback based on user emotions. When you're happy or sad, it can respond through changes in its eyes. It not only supports smooth conversation but also features carefully designed tactile feedback, responding to hugs and touches vividly. Combined with storytelling, news broadcasting, and interactive games, it becomes a true AI companion with long-term memory and emotional companionship capabilities.WaluluWalulu precisely addresses the demand for personalized companionship. Its AI core can detect up to 19 distinct emotional responses and supports over 60 languages. Moreover, it integrates seamlessly with major AI large language models, including ChatGPT, Gemini, DeepSeek, Qwen, and Doubao. Users can choose or cultivate a range of personality traits—such as cheerful, quiet, curious, or considerate—to build a personalized, dynamic pet community.AI Learning CameraThe AI Learning Camera skillfully blends AI vision with education. Its object recognition feature not only identifies objects but also links them to cultural and educational content. For example, when capturing foreign languages, the camera can provide real-time pronunciation and translation. Additionally, its built-in AI filters and image transformation features can turn children's doodles into stunning digital artwork, igniting creativity. Through multimodal AI conversations, it can also become a fun, exploratory companion for children as they discover the world.In addition, Tuya showcased AI robotic dogs with motion mimicry and emotional interaction capabilities, responding to voice commands and performing a variety of realistic actions. There was also the AI Clock, offering customizable theme scenes and alarm settings that turn every wake-up into a ceremonial experience. These innovative AI products represent the expanding boundaries of intelligent companionship. They demonstrate that the next generation of AI toys is moving beyond single-function toys to offer deeper emotional resonance, more personalized interactive experiences, and seamless integration with real-world scenarios.Tuya AI Toy Solution: The Foundation Behind Hot-Selling ProductsDeveloping truly intelligent AI toys is no easy task. From hardware design and AI model training to multilingual support and content safety, every step presents a unique challenge. To empower developers, brands, and retailers to create the next generation of AI toys, Tuya Smart introduced its comprehensive AI toy solution at the Spielwarenmesse 2026. The solution spans the entire process—from concept design and hardware/software development to AI personality creation and market launch—dramatically reducing the development and application barriers for AI toys.Transform Toys to AI Companions Using Tuya's AI Agent Development Platform, customers can design the personality, memory logic, and behavioral patterns of their toys without having to train underlying models or build complex infrastructure. The platform seamlessly integrates with leading AI models, enabling multi-turn conversations, emotional feedback, and scenario-based memory, effectively transforming static toys into intelligent, responsive companions that can connect more deeply with users.Flexible AI Toy Development Tailored to Every ClientTuya offers several development pathways to meet the various needs of brand owners and retailers. Clients can choose from ready-to-market OEM solutions, integrate AI capabilities into existing products through Tuya's AI Modules and AI Boxes while maintaining their original design, or opt for deep customization to craft unique AI toys based on brand IP and cultural stories. Whether it's plush toys, robots, educational tools, or wearable tech, Tuya's AI toy solutions offer the most appropriate options.Responsible Companionship Designed for Families in the AI Era Data privacy and content security are critical when it comes to children. Tuya's AI toy solutions are equipped with a parental management app, enabling parents to monitor conversation histories, receive AI-generated behavior summaries, and gain growth insights. Parents can also manage interaction content and screen time, ensuring a responsible and secure AI companionship experience for families.Enabling Client Success Through Efficient AI Toy DeploymentIn the wave of AI toy innovation, Tuya provides developers, brand owners, and retailers with a faster, more cost-effective, and secure path to market. With Tuya's robust AI platform and module support, customers can bypass the complexity of building AI from scratch, reducing the development cycle from concept to mass production by more than 60%. The time to market can be as short as 15 days, enabling a fast track for launching new products.Cost-wise, Tuya's integrated AI platform minimizes repetitive development and integration costs, leading to a 30% to 50% reduction in overall R&D and implementation expenses. On the security and compliance front, the platform is pre-configured with security frameworks that adhere to global standards like GDPR and CCPA, supporting hardware encryption, data localization, and parental controls to help products enter global markets swiftly.Additionally, Tuya's AIoT infrastructure spans over 200 countries and regions, offering real-time language support in more than 60 languages and robust cloud management capabilities, enabling efficient global deployment and operations.As AI continues to evolve, the true value of toys lies not just in their "intelligence" but in how they foster emotional connections and support growth. At the Spielwarenmesse 2026, Tuya's showcase was more than just a presentation—it was a deeper conversation about the future of AI and emotional companionship. Looking ahead, Tuya will continue to partner with global innovators to explore the future of AI toys, creating truly warm companions for the next generation.





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Original: Tuya Smart Powers the Next Wave of AI Toys at Spielwarenmesse 2026

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