Stocktoria
Erayak Power Solution Group Inc. RAYA
Nasdaq · XNAS · stock · Motors & Generators · website · IPO 2022-12-14
Erayak Power Solution Group Inc. financials (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $22.9M | $30.3M | $20.3M | $26.9M | $18.6M |
| Gross profit | $4.9M | $4.0M | $5.0M | $6.6M | $5.7M |
| R&D expense | $1.6M | $1.7M | $1.2M | $932,268 | $986,885 |
| Operating income | -$1.6M | -$1.6M | $741,205 | $4.1M | $3.5M |
| Interest expense | — | — | $402,671 | $473,088 | $417,648 |
| Income tax | $28,931 | -$66,338 | $193,246 | $437,771 | $301,916 |
| Net income | -$1.4M | -$1.1M | $1.2M | $3.5M | $3.4M |
| Operating cash flow | -$3.2M | -$15.9M | $6.7M | -$4.2M | $4.6M |
| Free cash flow | -$8.4M | -$16.4M | $6.0M | -$4.8M | $4.4M |
| Cash & equivalents | $436,788 | $1.3M | $5.9M | $7.1M | — |
| Inventory | $9.7M | $8.8M | $7.1M | $6.2M | $3.9M |
| Total assets | $59.4M | $46.0M | $35.3M | $37.6M | $23.5M |
| Total liabilities | $24.2M | $19.4M | $15.1M | $18.3M | $16.6M |
| Shareholders' equity | $35.3M | $26.6M | $20.2M | $19.3M | $6.9M |
Source: SEC EDGAR filings · CIK 0001825875 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.