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NASDAQ · Consumer discretionary

Erayak Power Solution Group Inc. (RAYA)

Erayak Power Solution Group Inc. reported revenue of $22.9M in fiscal 2025, down 24.6% from a year earlier. It posted a net loss of $1.4M. In fiscal 2025 capital spending exceeded operating cash flow by $8.4M. At December 31, 2025 it held $436.8K in cash against $3.4M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer, amended) (20-F/A) filed on July 6, 2026.

Price
$1.92
-1.03% on the day · September 25, 2026
52-week range $1.65 to $101.20
Market cap
$2M
Revenue (FY2025)
$22.9M
-24.6% year on year
Net margin
-6.1%

What Erayak Power Solution Group Inc. does

Erayak Power Solution Group Inc. is registered with the SEC under industry code SIC 3621 (Motors & Generators). Its shares trade on NASDAQ under the ticker RAYA.

Revenue and profit by year

Revenue
FY20: $14.1M $14.1M FY20FY22: $18.6M $18.6M FY22FY22: $26.9M $26.9M FY22FY23: $20.3M $20.3M FY23FY24: $30.3M $30.3M FY24FY25: $22.9M $22.9M FY25
Net income
FY20: $2.2M $2.2M FY20FY22: $3.4M $3.4M FY22FY22: $3.5M $3.5M FY22FY23: $1.2M $1.2M FY23FY24: -$1.1M -$1.1M FY24FY25: -$1.4M -$1.4M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$22.9M-$1.6M-$1.4M-$27.28-$8.4M
2024$30.3M-$1.6M-$1.1M-$98.34-$16.4M
2023$20.3M$741.2K$1.2M$223.43$6M
2022$26.9M$4.1M$3.5M$849.03-$4.8M
2022$18.6M$3.5M$3.4M$5,362.32$4.4M
2020$14.1M$2.3M$2.2M$494,539.96-$8.1M

Full financial statements: income, balance sheet and cash flow

Where RAYA ranks in Consumer discretionary

Revenue$22.9M
#819 of 955 in Consumer discretionary · Bottom 14%
Revenue growth-24.6%
#854 of 887 in Consumer discretionary · Bottom 4%
Net margin-6.1%
#702 of 901 in Consumer discretionary · Bottom 22%
Free cash flow margin-36.8%
#763 of 796 in Consumer discretionary · Bottom 4%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Erayak Power Solution Group Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. July 10, 2026
  2. July 6, 2026
    Annual report (foreign issuer, amended) 20-F/A · period to December 31, 2025Revenue fell 25% to $22.9M versus the prior year; diluted EPS -$27.28 versus -$98.34.
  3. June 16, 2026
  4. June 5, 2026
  5. April 29, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue fell 25% to $22.9M versus the prior year; diluted EPS -$27.28 versus -$98.34.
  6. April 16, 2026
  7. April 9, 2026
  8. April 2, 2026
  9. March 18, 2026
  10. March 18, 2026

All filings on SEC EDGAR

Questions about RAYA

What does Erayak Power Solution Group Inc. do?

Erayak Power Solution Group Inc. is registered with the SEC under industry code SIC 3621 (Motors & Generators). Its shares trade on NASDAQ under the ticker RAYA.

Is Erayak Power Solution Group Inc. profitable?

No. In fiscal 2025 it reported a net loss of $1.4M on revenue of $22.9M.

How much revenue does Erayak Power Solution Group Inc. make?

In fiscal 2025 Erayak Power Solution Group Inc. reported revenue of $22.9M. That is 24.6% less than a year earlier.

When did Erayak Power Solution Group Inc. last report?

Its most recent periodic report is the annual report (foreign issuer, amended) (20-F/A) filed on July 6, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from July 10, 2026.

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Where the numbers come from

Financial figures are the values Erayak Power Solution Group Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.