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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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.
The price-to-sales ratio has risen from 0.0× (Mar '23) to 0.0× (Jun '26).
Price / sales (P/S)
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.