ERAYAK Power Solution Group Inc. financials
Source: EDGAR filings · Built 2026-06-19T03:02:13Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -8.41M | -16.39M | 6.05M | -4.85M | 4.40M | -8.10M |
| EBITDA | -1.07M | -1.13M | 1.13M | 4.34M | 3.70M | 2.46M |
| Working Capital | 22.59M | 17.56M | 8.89M | 10.19M | 1.63M | — |
| Net Debt | 12.04M | 2.75M | -3.60M | 9.95M | 11.05M | — |
| Gross Margin | 21.32% | 13.18% | 24.71% | 24.60% | 30.70% | 26.90% |
| Operating Margin | -7.18% | -5.15% | 3.65% | 15.12% | 18.71% | 16.35% |
| Net Margin | -6.08% | -3.68% | 6.00% | 12.92% | 18.22% | 15.67% |
| Return on Equity (ROE) | -3.94% | -4.20% | 6.03% | 17.97% | 49.24% | 65.55% |
| Return on Assets (ROA) | -2.34% | -2.42% | 3.45% | 9.24% | 14.46% | — |
| Current Ratio | 2.09× | 2.13× | 1.67× | 1.56× | 1.14× | — |
| Debt-to-Equity | 0.35× | 0.15× | 0.11× | 0.88× | 2.35× | — |
| Effective Tax Rate | -2.13% | 5.61% | 13.69% | 11.19% | 8.17% | 14.84% |
| Cash Conversion Ratio | 2.28× | 14.23× | 5.52× | -1.19× | 1.37× | -3.58× |
| Accruals Ratio | 0.03× | 0.32× | -0.16× | 0.20× | -0.05× | — |
| CapEx Coverage | -0.60× | -30.66× | 9.84× | -5.97× | 19.03× | -44.87× |
| Free Cash Flow Per Share | $-164.95 | $-1444.70 | $1108.25 | $-0.53 | $3.11 | $-810.31 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenues | 22.86M | 30.30M | 20.32M | 26.91M | 18.63M | 14.12M |
| Cost of Goods and Services Sold | — | — | — | 20.29M | 12.91M | 10.32M |
| Cost of Revenue | 17.98M | 26.31M | 15.30M | 20.29M | 12.91M | — |
| Gross Profit | 4.87M | 3.99M | 5.02M | 6.62M | 5.72M | 3.80M |
| Research and Development Expense | 1.61M | 1.67M | 1.18M | 932.27K | 986.88K | 605.12K |
| Operating Expenses | 6.51M | 5.55M | 4.28M | 2.55M | 2.23M | 1.49M |
| Operating Income (Loss) | -1.64M | -1.56M | 741.21K | 4.07M | 3.49M | 2.31M |
| Income Tax Expense (Benefit) | 28.93K | -66.34K | 193.25K | 437.77K | 301.92K | 385.74K |
| Net Income (Loss) Attributable to Parent | -1.39M | -1.12M | 1.22M | 3.48M | 3.39M | 2.21M |
| Earnings Per Share, Basic | $-27.28 | $-98.34 | $223.43 | $0.38 | $2.40 | $221.34 |
| Weighted Average Number of Shares Outstanding, Basic | 50,958 | 11,348 | 5,455 | 9.15M | 1.41M | 10,000 |
| Weighted Average Number of Shares Outstanding, Diluted | 50,958 | 11,348 | 5,455 | 9.15M | 1.41M | 10,000 |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 436.79K | 1.32M | 5.88M | 7.07M | — | — |
| Assets, Current | 43.36M | 33.09M | 22.10M | 28.24M | 13.49M | — |
| Assets | 59.45M | 46.03M | 35.29M | 37.61M | 23.47M | — |
| Long-term Debt | 3.41M | 3.91M | 1.87M | 217.52K | 4.71M | — |
| Liabilities, Current | 20.77M | 15.53M | 13.21M | 18.04M | 11.87M | — |
| Long-term Debt, Excluding Current Maturities | 3.41M | 3.91M | 1.87M | 217.52K | — | — |
| Liabilities | 24.18M | 19.45M | 15.08M | 18.26M | 16.58M | — |
| Stockholders' Equity Attributable to Parent | 35.27M | 26.59M | 20.20M | 19.34M | 6.89M | 3.38M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.17M | -15.88M | 6.73M | -4.15M | 4.64M | -7.93M |
| Payments to Acquire Property, Plant, and Equipment | 5.24M | 517.81K | 684.21K | 694.81K | 244.02K | 176.65K |
| Net Cash Provided by (Used in) Investing Activities | -12.37M | -971.81K | -1.38M | -4.90M | -244.17K | -186.01K |
| Net Cash Provided by (Used in) Financing Activities | 14.27M | 12.38M | -6.44M | 11.32M | -3.40M | 10.93M |
Derived Metrics
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -2.75M | — | -13.46M | — | 5.07M |
| EBITDA | — | -364.01K | — | -1.08M | — | 847.51K |
| Working Capital | 22.59M | 19.16M | 17.56M | 15.39M | 8.89M | 6.93M |
| Net Debt | 12.04M | 6.24M | 2.75M | 1.09M | -3.60M | 8.59M |
| Gross Margin | — | 19.86% | — | 9.61% | — | 29.95% |
| Operating Margin | — | -7.22% | — | -10.79% | — | 6.99% |
| Net Margin | — | -5.91% | — | -8.86% | — | 5.03% |
| Return on Equity (ROE) | — | -1.96% | — | -3.97% | — | 2.48% |
| Return on Assets (ROA) | — | -1.05% | — | -2.50% | — | 1.37% |
| Current Ratio | 2.09× | 2.14× | 2.13× | 2.10× | 1.67× | 1.46× |
| Debt-to-Equity | 0.35× | 0.25× | 0.15× | 0.08× | 0.11× | 0.75× |
| Effective Tax Rate | — | 1.19% | — | 3.55% | — | 16.33% |
| Cash Conversion Ratio | — | 1.51× | — | 12.15× | — | 11.48× |
| Accruals Ratio | — | 0.01× | — | 0.28× | — | -0.14× |
| CapEx Coverage | — | -0.40× | — | -21.37× | — | 14.00× |
| Free Cash Flow Per Share | — | $-0.05 | — | $-0.90 | — | $0.42 |
Income Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Revenues | — | 8.74M | — | 11.94M | — | 9.45M |
| Cost of Goods and Services Sold | — | — | — | — | — | 6.62M |
| Cost of Revenue | — | 7.01M | — | 10.80M | — | 6.62M |
| Gross Profit | — | 1.74M | — | 1.15M | — | 2.83M |
| Research and Development Expense | — | 781.77K | — | 828.01K | — | 481.70K |
| Operating Expenses | — | 2.37M | — | 2.44M | — | 2.17M |
| Operating Income (Loss) | — | -631.47K | — | -1.29M | — | 660.21K |
| Income Tax Expense (Benefit) | — | -6.21K | — | -38.96K | — | 92.71K |
| Net Income (Loss) Attributable to Parent | — | -516.65K | — | -1.06M | — | 475.17K |
| Earnings Per Share, Basic | — | $-0.01 | — | $-0.07 | — | $0.04 |
| Weighted Average Number of Shares Outstanding, Basic | 50,958 | 50.59M | 11,348 | 14.92M | 5,455 | 12.00M |
| Earnings Per Share, Diluted | — | — | — | — | — | $0.04 |
| Weighted Average Number of Shares Outstanding, Diluted | 50,958 | 50.59M | 11,348 | 14.92M | 5,455 | 12.00M |
Balance Sheet
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 436.79K | 422.38K | 1.32M | 1.10M | 5.88M | 5.77M |
| Assets, Current | 43.36M | 35.90M | 33.09M | 29.42M | 22.10M | 22.09M |
| Assets | 59.45M | 49.20M | 46.03M | 42.41M | 35.29M | 34.76M |
| Long-term Debt | 3.41M | 6.05M | 3.91M | — | 1.87M | 442.96K |
| Liabilities, Current | 20.77M | 16.75M | 15.53M | 14.03M | 13.21M | 15.16M |
| Long-term Debt, Excluding Current Maturities | 3.41M | 6.05M | 3.91M | 1.71M | 1.87M | — |
| Liabilities | 24.18M | 22.80M | 19.45M | 15.74M | 15.08M | 15.60M |
| Stockholders' Equity Attributable to Parent | 35.27M | 26.40M | 26.59M | 26.67M | 20.20M | 19.16M |
Cash Flow Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | — | -782.38K | — | -12.86M | — | 5.45M |
| Payments to Acquire Property, Plant, and Equipment | — | 1.96M | — | 601.85K | — | 389.53K |
| Net Cash Provided by (Used in) Investing Activities | — | -4.49M | — | -601.85K | — | -4.34M |
| Net Cash Provided by (Used in) Financing Activities | — | 4.36M | — | 8.79M | — | -619.02K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RAYA CIK 0001825875),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.