Tuya Inc. (NYSE: TUYA) saw its stock price soar 5.68% in pre-market trading on Tuesday, August 26, 2025, following the release of its second-quarter financial results, strong first-half performance, and the announcement of a special cash dividend.
The global AI cloud platform service provider reported impressive Q2 2025 results, with total revenue increasing by 9.3% year-over-year to $80.1 million. The company's profitability also showed significant improvement, with net profit surging 302.4% to $12.6 million compared to the same period last year. Tuya's non-GAAP net profit for Q2 stood at $20.1 million, maintaining a robust non-GAAP net margin of 25.1%.
Adding to investor optimism, Tuya announced strong revenue growth for the first half of 2025. While specific figures were not immediately available, the company's financial update suggested solid improvement in its business operations and market position. This performance underscores Tuya's ability to capitalize on the growing IoT market and smart home sector.
Further boosting shareholder value, Tuya's Board of Directors approved a special cash dividend of $0.054 per ordinary share or ADS. The aggregate amount of the cash dividend will be approximately $33 million, demonstrating the company's commitment to returning value to its shareholders.
Mr. Xueji (Jerry) Wang, Founder and CEO of Tuya, commented on the results, stating, "Amid global trade uncertainty and continued supply chain pressure in the discretionary consumer electronics sector, Tuya maintained resilient profitability and solid business growth in the first half of 2025." The company's ability to navigate challenging market conditions while delivering growth has clearly resonated with investors, as reflected in today's stock price surge.