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NASDAQ · MOTORS & GENERATORS · SMALL CAP

Erayak Power Solution Group Inc. RAYA

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$22.9M
▼ 24.6% YoY
$-1.4M
$-8.4M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Erayak is a Cayman Islands exempted company incorporated on June 14, 2019. We conduct our business in China through our subsidiaries. ERAYAK Power Solution Group Inc. was incorporated in 2019 under the laws of the Cayman Islands. We conduct business primarily through our wholly-owned subsidiaries, Ruike, Zhejiang Leiya and Wenzhou New Focus in the PRC, ERAYAK Power Solution Group Hong Kong Limited in the Hong Kong, and Nexora Group Inc. in the United States. Our company specializes in the manufacturing, research and development (“R&D”), and wholesale and retail of power solution products. Our products are used principally in agricultural and industrial vehicles, recreational vehicles (“RVs”), electrical appliances, and outdoor living products. Our goal is to be the premier power solutions brand and a solution for mobile life and outdoor living. Zhejiang Leiya manufactures all of our products in factories operating under quality management systems accredited by the International Organization for Standardization (ISO 9001:2015). Additionally, our research and patents in the power solution space have brought us local recognition; we were awarded certificates by the provincial and city government that identifies us as a Zhejiang Science and Technology Enterprise, and a Wenzhou Science and Technology Innovation Enterprise.

Written from the business description in Erayak Power Solution Group Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth

USD 22.9M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 22.9 · Net income -1.4
15M30M
202020232025
Compound annual growth
−5.3%
+10.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−6 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -7.2% · Net -6.1%
5%10%15%-2%-4%-6%
202020222025
ROE
FY2025 · ROE -4.5%
20%40%60%
202020222025
Three returns, three denominators.

Each USD of equity lost 4 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -8.4
2.5M5.0M-10.0M-20.0M
202020222025

Total assetsUSD 59.4M
EquityUSD 35.3M
CashUSD 436,788.00
Gross debtUSD 4.2M
Net debtUSD 3.8M
Current ratio2.09×

Net debt stands at 11% of equity.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
RAYA, 6-year financial record
Metric 202520242023202220212020
Revenue $B0.00.00.00.00.00.0
Operating income $B−0.0−0.00.00.00.00.0
EBITDA $B−0.0−0.00.00.00.00.0
Income tax $B0.0−0.00.00.00.00.0
Net income $B−0.0−0.00.00.00.00.0
Free cash flow $B−0.0−0.00.0−0.00.0−0.0
EPS, diluted $−27.28−98.34223.430.382.40221.34
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %−4.5−4.86.226.566.165.6

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 28 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMotors & Generators
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2020

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