Loading…

Tuya (2391.HK) backlog: remaining performance obligations

How much revenue Tuya already has under contract, how fast it converts, and who it is with.

Data as of .

Tuya backlog history

$0$100M$200M$300MDec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
31 Dec 2025$10.1M$322M0.0 yrs$10.1M
31 Dec 2024$7.90M$299M0.0 yrs$7.90M
31 Dec 2023$7.30M$230M0.0 yrs$7.30M
31 Dec 2022$7.20M$208M0.0 yrs$7.20M
31 Dec 2021$10.1M$302M0.0 yrs$10.1M
31 Dec 2020$4.20M$180M0.0 yrs$4.20M

Questions

What is Tuya's backlog?
Tuya reported $10.1M of remaining performance obligations at 31 Dec 2025, up 28% from a year earlier. That is 0.0 years of trailing revenue already under contract.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.