Tuya Inc. (TUYA) announced its financial results for the third quarter of 2025, with total revenue reaching $82.5 million, a year-on-year increase of approximately 1.1%. The overall gross margin stood at 48.3%, up 2.3 percentage points compared to the same period last year. The operating profit margin improved significantly by 25.6 percentage points to 4.6%. The company reported a net profit of $14.972 million, marking a turnaround from a loss in the prior-year period. Basic and diluted net income per ADS was $0.02.

Mr. Xueji Wang, Founder and CEO of Tuya, commented, "Amid ongoing global trade uncertainties, Tuya demonstrated robust execution and operational resilience in Q3. Driven by stable demand for our core PaaS and SaaS products, along with continuous optimization of our product portfolio, we have achieved year-on-year revenue growth for nine consecutive quarters. Looking ahead, we will deepen collaborations with key clients, expand our global footprint, and accelerate AI-driven software and developer service innovations. Through disciplined operational management and sustained investment in critical technologies, we aim to deliver long-term value to customers, partners, and shareholders."

Mr. Yi Yang, Director and CFO of Tuya, added, "In Q3, Tuya maintained a solid financial foundation. Our gross margin rose to 48.3% year-on-year, and through stringent cost controls, we further expanded operating leverage. GAAP net income turned positive, showing significant improvement over the previous year, while non-GAAP profitability remained strong with a net profit margin of 24.4%. The company generated $30 million in operating cash flow during the quarter and retained a robust net cash reserve exceeding $1 billion. These financial strengths provide flexibility to navigate external uncertainties and continue investing in long-term growth initiatives."