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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue $ 208,172 $ 302,076 $ 179,874
Cost of revenue (118,749) (174,209) (117,937)
Gross profit 89,423 127,867 61,937
Operating expenses:      
Research and development expenses (144,942) (174,289) (77,430)
Sales and marketing expenses (55,662) (75,384) (37,556)
General and administrative expenses (67,513) (71,589) (17,868)
Other operating incomes, net 10,508 9,835 1,071
Total operating expenses (257,609) (311,427) (131,783)
Loss from operations (168,186) (183,560) (69,846)
Other income/(loss)      
Other non-operating incomes, net 2,904 1,958  
Financial income, net 18,546 7,286 3,220
Foreign exchange (loss)/gain, net 2,441 (618) (80)
Loss before income tax expense (144,295) (174,934) (66,706)
Income tax expense (1,880) (490) (206)
Net loss (146,175) (175,424) (66,912)
Net loss attributable to Tuya Inc. (146,175) (175,424) (66,912)
Net loss attributable to ordinary shareholders (146,175) (175,424) (66,912)
Net loss (146,175) (175,424) (66,912)
Other comprehensive income/(loss)      
Changes in fair value of long-term investments (9,493) 357  
Foreign currency translation (14,942) 1,482 2,882
Total comprehensive loss attributable to Tuya Inc. $ (170,610) $ (173,585) $ (64,030)
Weighted average number of ordinary shares used in computing net loss per share, basic 553,527,529 489,149,533 221,980,000
Weighted average number of ordinary shares used in computing net loss per share, diluted 553,527,529 489,149,533 221,980,000
Net loss per share attributable to ordinary shareholders-basic $ (0.26) $ (0.36) $ (0.30)
Net loss per share attributable to ordinary shareholders-diluted $ (0.26) $ (0.36) $ (0.30)
Research and development expenses      
Other comprehensive income/(loss)      
Share-based compensation expenses $ 14,692 $ 14,542 $ 2,596
Sales and marketing expenses      
Other comprehensive income/(loss)      
Share-based compensation expenses 6,825 6,702 1,529
General and administrative expenses      
Other comprehensive income/(loss)      
Share-based compensation expenses $ 47,502 $ 44,845 $ 5,321