RAYA
Erayak Power Solution Group Inc. Class A Ordinary Shares
NASDAQ: RAYA · INDUSTRIALS · ELECTRICAL EQUIPMENT & PARTS
$3.73
+1.36% today
Updated 2026-04-30
Market cap
$3.51M
P/E ratio
0.10
P/S ratio
0.13x
EPS (TTM)
$35.25
Dividend yield
—
52W range
$3 – $7,370
Volume
9.6M
Erayak Power Solution Group Inc. Class A Ordinary Shares (RAYA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | $8.95M | $14.12M | $18.63M | $26.91M | $20.32M | $30.30M |
| Revenue growth (YoY) | — | +57.8% | +31.9% | +44.4% | -24.5% | +49.1% |
| Cost of revenue | $6.69M | $10.28M | $12.91M | $20.29M | $15.38M | $26.31M |
| Gross profit | $2.25M | $3.80M | $5.67M | $6.62M | $4.94M | $3.99M |
| Gross margin | 25.2% | 26.9% | 30.4% | 24.6% | 24.3% | 13.2% |
| R&D | $508855.00 | $605115.00 | $986885.00 | $932268.00 | $1.18M | $1.67M |
| SG&A | $639502.00 | $713799.00 | $662338.00 | $936724.00 | $2.06M | $2.44M |
| Operating income | $892678.00 | $2.31M | $3.49M | $4.07M | $746766.00 | $-1.57M |
| Operating margin | 10.0% | 16.3% | 18.7% | 15.1% | 3.7% | -5.2% |
| EBITDA | $1.28M | $3.01M | $3.70M | $4.34M | $2.81M | $89688.00 |
| EBITDA margin | 14.3% | 21.3% | 19.9% | 16.1% | 13.8% | 0.3% |
| EBIT | $1.16M | $2.86M | $3.48M | $4.07M | $1.90M | $-1.03M |
| Interest expense | $52927.00 | $262600.00 | $425868.00 | $511143.00 | $492104.00 | $150160.00 |
| Income tax | $158068.00 | $385741.00 | $301916.00 | $437771.00 | $193246.00 | $-66338.00 |
| Effective tax rate | 14.2% | 14.8% | 8.2% | 11.2% | 13.7% | 5.6% |
| Net income | $951183.00 | $2.21M | $3.39M | $3.48M | $1.22M | $-1.12M |
| Net income growth (YoY) | — | +132.7% | +53.4% | +2.4% | -64.9% | -191.6% |
| Profit margin | 10.6% | 15.7% | 18.2% | 12.9% | 6.0% | -3.7% |