Tuya (TUYA) Reports Q3 Profit Turnaround as Gross Margin Expands

Tuya Inc. (NASDAQ:TUYA) is one of the Chinese tech stocks to buy now. On November 24, Tuya Inc. (NASDAQ:TUYA) shared its unaudited Q3 2025 results, covering the period ended September 30, 2025. Total revenue reached $82.5 million, up 1.1% compared to Q3 2024, but falling just short of the higher analyst estimate of $83.82 million while beating a lower one of $81.6 million. Management linked the modest rise to cautious spending by manufacturers and brands in a tough global consumer market, offset by stronger uptake of AI features in smart hardware.

Tuya (TUYA) Reports Q3 Profit Turnaround as Gross Margin Expands

Gross profit climbed 6.1% to $39.8 million, with gross margin expanding to 48.3% from the prior year. Management noted that the growth was due to a better mix of high-margin SaaS and PaaS offerings over hardware. Operating income turned positive at $3.8 million, yielding a 4.6% margin, as the company optimized expenses while investing in AI integrations. Overall, management is convinced that the company maintained a solid financial foundation during the quarter.

Tuya Inc. (NASDAQ:TUYA) is a global IoT development platform based in China. The company provides cloud services, app development, and hardware access that enable manufacturers and brands to build smart devices across categories such as home automation, security, and energy management.

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Disclosure: None. This article is originally published at Insider Monkey.