ERAYAK Power Solution Group Inc. income statement RAYA

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, ERAYAK Power Solution Group Inc. reported revenue of $22.9 million, down 24.6% from the year before. It recorded a net loss of $1.4 million. The operating loss came to $1.6 million, an operating margin of -7.2%. Across the 4 fiscal years shown, revenue shrank from $26.9 million in fiscal 2022 to $22.9 million in fiscal 2025, about 5.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
Revenue
23
-24.6%
30
+49.1%
20
-24.5%
27
Cost of revenue
18
-31.6%
26
+71.9%
15
-24.6%
20
Gross profit
5
+22.0%
4
-20.5%
5
-24.1%
7
Research and development
2
-3.7%
2
+41.9%
1
+26.2%
1
Selling, general and administrative
5
+46.9%
3
+8.8%
3
+81.0%
2
Restructuring and impairment
0
+239.2%
0
—
—
Operating income
-2
-5.3%
-2
-310.4%
1
-81.8%
4
Other income (expense)
0
-25.6%
0
-43.7%
1
+533.2%
-0
Pretax income
-1
-15.1%
-1
-183.7%
1
-63.9%
4
Income tax
0
+143.6%
-0
-134.3%
0
-55.9%
0
Net income
-1
-24.5%
-1
-191.6%
1
-64.9%
3
Basic EPS
-27.28
+72.3%
-98.34
-144.0%
223.43
+58697.4%
0.38
Weighted average shares, basic
0
+349.0%
0
+108.0%
0
-99.9%
9
Weighted average shares, diluted
0
+349.0%
0
+108.0%
0
-99.9%
9
Other measures
Depreciation and amortization
1
+32.9%
0
+11.3%
0
+43.8%
0
EBITDA
-1
+5.3%
-1
-199.9%
1
-74.0%
4
Interest coverage
—
-11.19x
—
—
Margins
Gross margin
21.32%
13.18%
24.71%
24.60%
Operating margin
-7.18%
-5.15%
3.65%
15.12%
Pretax margin
-5.95%
-3.90%
6.95%
14.54%
Profit margin
-6.08%
-3.68%
6.00%
12.92%
EBITDA margin
-4.67%
-3.72%
5.56%
16.12%
Effective tax rate
—
—
13.69%
11.19%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Motors & Generators (SIC 3621)
Listed as
RAYA (Nasdaq)
Incorporated in
Cayman Islands
Headquarters
Wenzhou, Zhejiang, China
SEC filer status
Non-accelerated filer, Emerging growth company
SEC CIK
1825875

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.