Erayak Power Solution Group Inc. (RAYA)

RAYA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	22.86	30.3	20.32	26.91	18.63
Revenue Growth (YoY)	-24.57%	49.10%	-24.48%	44.45%	31.92%
Cost of Revenue	17.98	26.31	15.3	20.29	12.91
Gross Profit	4.87	3.99	5.02	6.62	5.72
Selling, General & Admin	4.77	3.25	2.99	1.65	1.2
Research & Development	1.61	1.67	1.18	0.93	0.99
Other Operating Expenses	0.13	0.63	0.12	-0.03	0.05
Total Operating Expenses	6.51	5.55	4.28	2.55	2.23
Operating Income	-1.64	-1.56	0.74	4.07	3.49
Interest Income	0.23	-	-	-	-
Interest Expense	0.05	-0.14	-0.4	-0.47	-0.42
Other Non-Operating Income (Expense)	0.46	0.52	1.07	0.32	0.63
Total Non-Operating Income (Expense)	0.74	0.38	0.67	-0.15	0.21
Pretax Income	-1.36	-1.18	1.41	3.91	3.7
Provision for Income Taxes	0.03	-0.07	0.19	0.44	0.3
Net Income	-1.39	-1.12	1.22	3.48	3.39
Net Income to Common	-1.39	-1.12	1.22	3.48	3.39
Net Income Growth	-	-	-64.94%	2.40%	53.37%
Shares Outstanding (Basic)	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0
Shares Change (YoY)	349.05%	108.03%	31.19%	546.99%	14039.19%
EPS (Basic)	-27.28	-98.34	223.43	836.00	5280.00
EPS (Diluted)	-27.28	-98.34	223.43	836.00	5280.00
EPS Growth	-	-	-73.27%	-84.17%	-98.92%
Shares Outstanding	0.09	0.02	0.01	0.01	0
Free Cash Flow	-8.41	-16.39	6.05	-4.85	4.4
Free Cash Flow Per Share	-164.94	-1444.70	1108.25	-1165.41	6844.47
Gross Margin	21.32%	13.18%	24.71%	24.60%	30.70%
Operating Margin	-7.18%	-5.15%	3.65%	15.12%	18.71%
Profit Margin	-6.08%	-3.68%	6.00%	12.92%	18.22%
FCF Margin	-36.78%	-54.11%	29.75%	-18.01%	23.61%
EBITDA	-1.07	-1.13	1.13	4.34	3.7
EBITDA Margin	-4.67%	-3.72%	5.56%	16.12%	19.87%
EBIT	-1.64	-1.56	0.74	4.07	3.49
EBIT Margin	-7.18%	-5.15%	3.65%	15.12%	18.71%
Effective Tax Rate	-2.13%	5.61%	13.69%	11.19%	8.17%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q