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RAYA Financials Erayak Power Solution Group Inc.

6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.1% per year over the past 5 years.
  • Operating margin has contracted, at -7.2% in the latest year.

Financial health

  • Total debt ($12M) exceeds cash ($436788); net debt is $11M.
  • Total debt has grown slower than revenue (2.8% vs 10.1% per year).
  • Operating income covered interest expense 34× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$1M $14M $30M $0 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-7% 12% 31% 0% 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$16M -$5M $6M $0 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $6M $12M 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$16M -$803018 $14M $0 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $23M -$1M 21.3% -7.2% -$8M $12M $436788
2024 $30M -$1M 13.2% -5.1% -$16M $5M $1M
2023 $20M $1M 24.7% 3.6% $6M $2M $6M
2022 $27M $3M 24.6% 15.1% -$5M $6M $7M
2021 $19M $3M 30.7% 18.7% $4M $10M
2020 $14M $2M 26.9% 16.3% -$8M

Valuation over time

How the market has priced RAYA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.0 0.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is RAYA growing its revenue and profit?

Over the past 5 years, Erayak Power Solution Group Inc.'s revenue has grown 10.1% per year. These are computed facts, not advice.

How much debt does RAYA have?

As of FY2025, Erayak Power Solution Group Inc. reported $12M of total debt against $436788 of cash; operating income covered interest expense 34×.

What is RAYA's profit margin?

In FY2025, gross margin was 21.3%, operating margin -7.2%, and net margin -6.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.