RAYA revenueFY2025$22.86M
- FY YoY
- -24.6%
- 5Y CAGR
- +10.1%
RAYA revenue was $22.86M for fiscal 2025 (ended Dec 31, 2025), down 24.6% from fiscal 2024. Compound annual growth was +10.1% over 5 years. It rose in 3 of the last 5 fiscal years.
Erayak Power Solution Group Inc. (RAYA) financials
For fiscal 2025 (ended Dec 31, 2025), Erayak Power Solution Group Inc. reported $22.86M of revenue and -$1.39M of net income.
- Revenue, FY2025
- $22.86M
- Revenue growth, YoY
- -24.6%
- Net income, FY2025
- -$1.39M
- Net margin
- -6.1%
- Free cash flow, FY2025
- -$8.41M
- Cash
- $436.8K
- Total debt
- $4.19M
- P/S
- 0.03
- Market cap
- $625,390
FY2020FY2025
FY2020FY2025
FY2020FY2025
RAYA revenue and earnings growth
RAYA net incomeFY2025-$1.39M
RAYA net income was -$1.39M for fiscal 2025 (ended Dec 31, 2025), compared with -$1.12M in fiscal 2024.
RAYA free cash flowFY2025-$8.41M
RAYA free cash flow was -$8.41M for fiscal 2025 (ended Dec 31, 2025), compared with -$16.39M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | $22.86M | $30.30M | $20.32M | $26.91M | $18.63M | $14.12M |
| Cost of revenue | $17.98M | $26.31M | $15.30M | $20.29M | $12.91M | $10.32M |
| Gross profit | $4.87M | $3.99M | $5.02M | $6.62M | $5.72M | $3.80M |
| Research and development | $1.61M | $1.67M | $1.18M | $932.3K | $986.9K | $605.1K |
| Selling, general and admin | $4.00M | $2.30M | $2.02M | $929.5K | $690.6K | $544.6K |
| Operating income | -$1.64M | -$1.56M | $741.2K | $4.07M | $3.49M | $2.31M |
| Interest expense | -$48.0K | $139.4K | $402.7K | $473.1K | $417.6K | $246.0K |
| Pre-tax income | -$1.36M | -$1.18M | $1.41M | $3.91M | $3.70M | $2.60M |
| Income tax | $28.9K | -$66.3K | $193.2K | $437.8K | $301.9K | $385.7K |
| Net income | -$1.39M | -$1.12M | $1.22M | $3.48M | $3.39M | $2.21M |
| EPS, basic | -$27.28 | -$98.34 | $223.43 | $0.38 | $2.40 | $221.34 |
| Diluted shares | 50,958 | 11,348 | 5,455 | 9.1M | 1.4M | 10,000 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $436.8K | $1.32M | $5.88M | $7.07M | - | - |
| Short-term investments | $4.54M | $0 | - | - | - | - |
| Receivables | $13.58M | $12.04M | $6.25M | $9.96M | $1.75M | - |
| Inventory | $9.73M | $8.84M | $7.06M | $6.23M | $3.90M | - |
| Current assets | $43.36M | $33.09M | $22.10M | $28.24M | $13.49M | - |
| Total assets | $59.45M | $46.03M | $35.29M | $37.61M | $23.47M | - |
| Current liabilities | $20.77M | $15.53M | $13.21M | $18.04M | $11.87M | - |
| Short-term debt | $778.1K | $161.5K | $225.4K | $4.35M | $5.76M | - |
| Long-term debt | $3.41M | $3.91M | $1.87M | $217.5K | - | - |
| Total debt | $4.19M | $4.07M | $2.10M | $4.57M | $4.71M | - |
| Total liabilities | $24.18M | $19.45M | $15.08M | $18.26M | $16.58M | - |
| Shareholders' equity | $35.27M | $26.59M | $20.20M | $19.34M | $6.89M | $3.38M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$3.17M | -$15.88M | $6.73M | -$4.15M | $4.64M | -$7.93M |
| Capital expenditures | $5.24M | $517.8K | $684.2K | $694.8K | $244.0K | $176.6K |
| Free cash flow | -$8.41M | -$16.39M | $6.05M | -$4.85M | $4.40M | -$8.10M |
| Investing cash flow | -$12.37M | -$971.8K | -$1.38M | -$4.90M | -$244.2K | -$186.0K |
| Financing cash flow | $14.27M | $12.38M | -$6.44M | $11.32M | -$3.40M | $10.93M |
| Depreciation and amortization | $574.1K | $431.9K | $388.0K | $269.8K | $215.1K | $148.2K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | -24.6% | 49.1% | -24.5% | 44.4% | 31.9% | - |
| Net income growth, YoY | - | - | -64.9% | 2.4% | 53.4% | - |
| Gross margin | 21.3% | 13.2% | 24.7% | 24.6% | 30.7% | 26.9% |
| Operating margin | -7.2% | -5.1% | 3.6% | 15.1% | 18.7% | 16.3% |
| Net margin | -6.1% | -3.7% | 6.0% | 12.9% | 18.2% | 15.7% |
| Free cash flow margin | -36.8% | -54.1% | 29.7% | -18.0% | 23.6% | -57.4% |
| Return on equity | -3.9% | -4.2% | 6.0% | 18.0% | 49.2% | 65.6% |
| Return on assets | -2.3% | -2.4% | 3.5% | 9.2% | 14.5% | - |
| Current ratio | 2.09 | 2.13 | 1.67 | 1.56 | 1.14 | - |
| Debt to equity | 0.12 | 0.15 | 0.10 | 0.24 | 0.68 | - |
Source: XBRL data Erayak Power Solution Group Inc. files with the SEC, latest filing dated Jul 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
RAYA peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| RAYA | $22.86M | -24.6% | -$1.39M | -6.1% | $625,390 |
| PH | $22.41B | +11.9% | $3.72B | 16.6% | $120.62B |
| HWM | $9.73B | +22.0% | $2.05B | 21.1% | $85.99B |
| RS | $17.37B | +24.7% | $1.11B | 6.4% | $21.45B |
| RBC | $2.02B | +17.4% | $354.40M | 17.5% | $15.54B |
| CR | $2.76B | +21.5% | $342.00M | 12.4% | $12.16B |
| WTS | $2.79B | +18.7% | $447.00M | 16.0% | $12.00B |
| MLI | $5.00B | +20.8% | $863.59M | 17.3% | $11.94B |
RAYA FAQ
8 questionsWhat is RAYA revenue?
Erayak Power Solution Group Inc. (RAYA) reported $22.86M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 24.6% from the year before.Is RAYA profitable?
No. Erayak Power Solution Group Inc. reported a net loss of $1.39M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does RAYA have?
Erayak Power Solution Group Inc. reported $436.8K in cash and cash equivalents and $4.19M of debt on its most recent balance sheet in SEC filings.How fast is RAYA revenue growing?
Erayak Power Solution Group Inc.'s revenue changed -24.6% in fiscal 2025, to $22.86M. Its compound annual growth rate was +10.1% over 5 years.What is RAYA gross margin?
Erayak Power Solution Group Inc.'s gross profit was $4.87M on $22.86M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 21.3%.What is RAYA free cash flow?
Erayak Power Solution Group Inc. generated -$8.41M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$3.17M less capital expenditures.When did RAYA last report financial results?
The latest statements here come from Erayak Power Solution Group Inc.'s 20-F/A filed on Jul 6, 2026, covering the period ended Dec 31, 2025.Where does this RAYA financial data come from?
Quantisnow builds these statements from the structured XBRL data Erayak Power Solution Group Inc. files with the SEC. It is provided for information only and is not investment advice.