RAYA

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Erayak Power Solution Group Inc.

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Key Metrics

Previous Close: $2.35
52-Week Range: $2.00 – $180.40
Market Cap: $2.40M
P/E (TTM): —
EPS (TTM): -272.80
Dividend Yield: —

Advanced Metrics

Price/Book: 0.01
PEG Ratio: —
Return on Equity: -4.49%
Return on Assets: -1.50%
Gross Margin: 22.93%
Operating Margin: -4.47%
Profit Margin: -6.08%
Current Ratio: 2.09
Debt/Equity: 0.39
Total Debt: $13.69M
Free Cash Flow: $-10.06M
Revenue Growth: -23.10%
Earnings Growth: —
Enterprise Value: $7.29M

RAYA Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$26.91M	$20.32M	$30.30M	$22.86M
Cost of Revenue	$20.29M	$15.30M	$26.31M	$17.98M
Gross Profit	$6.62M	$5.02M	$3.99M	$4.87M
Research & Development	$932.27K	$1.18M	$1.67M	$1.61M
Selling, General & Admin	$1.51M	$3.01M	$3.22M	$4.66M
Operating Expenses	$2.36M	$3.40M	$5.21M	$6.32M
Operating Income	$4.26M	$1.62M	-$1.22M	-$1.45M
EBITDA	$5.21M	$2.81M	$89.69K	$244.00K
Pretax Income	$3.91M	$1.41M	-$1.18M	-$1.36M
Income Tax	$437.77K	$193.25K	-$66.34K	$28.93K
Net Income	$3.48M	$1.22M	-$1.12M	-$1.39M
Diluted EPS	835.97	223.43	-98.34	-272.80
Diluted Shares	4158	5455	11348	5095

RAYA Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$7.03M	$5.88M	$532.61K	$184.86K
Receivables	$10.22M	$6.42M	$13.49M	$16.93M
Inventory	$6.23M	$7.06M	$8.84M	$9.73M
Current Assets	$28.24M	$22.10M	$33.09M	$43.36M
Total Assets	$37.61M	$35.29M	$46.03M	$59.45M
Current Liabilities	$18.04M	$13.21M	$15.53M	$20.77M
Long-Term Debt	$217.52K	$1.87M	$3.91M	$3.41M
Total Debt	$10.79M	$2.17M	$5.13M	$12.48M
Total Liabilities	$18.26M	$15.08M	$19.45M	$24.18M
Retained Earnings	$8.16M	$9.19M	$8.06M	$6.55M
Shareholders' Equity	$19.34M	$20.20M	$26.59M	$35.27M
Working Capital	$10.19M	$8.89M	$17.56M	$22.59M
Net Debt	$3.76M	—	$4.60M	$12.30M

RAYA Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$4.15M	$6.73M	-$15.88M	-$3.17M
Capital Expenditure	-$694.81K	-$709.90K	-$554.89K	-$7.84M
Free Cash Flow	-$4.85M	$6.02M	-$16.43M	-$11.00M
Depreciation & Amortisation	$793.59K	$902.69K	$1.12M	$1.26M
Investing Cash Flow	-$4.90M	-$1.38M	-$971.81K	-$12.37M
Financing Cash Flow	$11.32M	-$6.44M	$12.38M	$14.27M
Net Change in Cash	$2.27M	-$1.09M	-$4.47M	-$1.27M

RAYA Balance Sheet statement, quarterly periods, in USD
USD	Q4 2024	Q2 2025	Q4 2025
Cash & Equivalents	$532.61K	$177.10K	$184.86K
Receivables	$13.49M	$13.64M	$16.93M
Inventory	$8.84M	$8.91M	$9.73M
Current Assets	$33.09M	$35.90M	$43.36M
Total Assets	$46.03M	$49.20M	$59.45M
Current Liabilities	$15.53M	$16.75M	$20.77M
Long-Term Debt	$3.91M	$6.05M	$3.41M
Total Debt	$5.13M	$11.17M	$12.48M
Total Liabilities	$19.45M	$22.80M	$24.18M
Retained Earnings	$8.06M	$7.54M	$6.55M
Shareholders' Equity	$26.59M	$26.40M	$35.27M
Working Capital	$17.56M	$19.16M	$22.59M
Net Debt	$4.60M	$10.99M	$12.30M

Market Snapshot

About

Erayak Power Solution Group Inc. is a China-based manufacturer of power inverters, solar energy storage systems, and portable power products for residential and commercial applications worldwide.