Cerence vs Tuya
Tuya is the larger business, with $322m of revenue in fiscal 2025 against $252m for Cerence (1.3 times as much). Tuya grew faster (7.8% against -24.0%). Tuya kept more of each dollar of sales as profit: a net margin of 18.0% against -7.4%. Tuya carries less debt relative to equity (0.0% against 139.4%).
| Latest fiscal year | CerenceCRNC, 2025 | TuyaTUYA, 2025 |
|---|---|---|
| Revenue | $252m | $322m |
| Revenue growth | -24.0% | 7.8% |
| Net income | −$18.7m | $57.9m |
| Operating margin | -0.9% | 3.6% |
| Net margin | -7.4% | 18.0% |
| Return on equity | -12.8% | 5.7% |
| Free cash flow | $46.8m | $73.9m |
| Cash | — | $891m |
| Total debt | $210m | $0 |
| Debt to equity | 139.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 7.1% |
| Share buybacks | $2.4m | $12,000 |
| Employees | 1,300 | — |
| Market value | $376m | $979m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 34 (Weak) | — |
| Insider trades, 12 months | 1 buys, 7 sales | 0 buys, 0 sales |