Erayak Power Solution Group Inc.

RAYA Industrials Electrical Equipment & Parts

Erayak Power Solution Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $22.9 million, down 24.6% from fiscal 2024.

1.47 0.07 +5.00%
Market cap
$1.5M
P/E
—
Fwd P/E
—
Dividend yield
—
F-score
3/9
Altman Z
0.95
Beneish M
−2.30
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 91.67%

Capital & Financial Ratios $m

Market Cap 1.48
Revenue —
Net Income (4.08)
Free Cash Flow (41.01)
Net Debt 7.52
Current Ratio 2.02 (at or above 1.5: strong)
Debt/Equity 0.38 (at or below 0.5: strong)
P/E ratio —
Fwd P/E —
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 18.58% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6 1 5 9
Receivables 6 13 17 22
Inventory 7 9 10 11
Other 3 9 12 6
22 33 43 47
2023 2024 2025 Q'26
Payables 6 8 6 7
ST’ Debt 0 1 9 9
Other 0 1 2 1
13 16 21 24

Compound Annual Growth %

10y 5y 3y
Sales — 10.18% (5.30%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 59.87% 22.16%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 23
’24 — — — — 30
’23 — — — — 20
’22 — — — — 27
’21 — — — — 19
’20 — — — — 14
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (3)
’24 — — — — (16)
’23 — — — — 7
’22 — — — — (4)
’21 — — — — 5
’20 — — — — (8)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — (5) — (8) (11)
’24 — (13) — (16) (16)
’23 — 5 — 6 6
’22 — — — (5) (5)
’21 — — — 4 4
’20 — — — — (8)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (27.28)
’24 — — — — (88.89)
’23 — — — — 222.22
’22 — — — — 844.45
’21 — — — — 5.33k
’20 — — — — 0.18
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — 3,784.00 968.00 1,100.00 31.26

Analyst estimates 2026–2028

Powerpack
High — — — — — — 8,549.20 7,480.00 3,916.00 7,370.00
People
People Employees — — — — — 118 132 290 360 349
Revenue/emp, $m — — — 0.00 0.00 0.16 0.20 0.07 0.08 0.07
Income, $m
Income, $m Revenue — — — 9 14 19 27 20 30 23
Gross margin, % — — — 23.98 26.34 30.70 24.60 24.71 13.18 21.32
EBT — — — 1 3 4 4 1 (1) (1)
EBT margin, % — — — 12.47 18.47 19.84 14.54 6.95 (3.90) (5.95)
Net income — — — 1 2 3 3 1 (1) (1)
Depreciation — — — 0 0 0 0 0 0 1
Per share, $
Per share, $ Revenue — — — 0.74 1.17 31,048.17 6,563.17 3,763.43 2,657.93 448.15
Earnings — — — 0.08 0.18 5,334.98 844.45 222.22 (88.89) (27.28)
Cash flow — — — 0.04 (0.66) 7,738.17 (1,012.46) 1,246.24 (1,392.68) (62.08)
Capex — — — 0.00 0.00 (407.00) (169.46) (131.46) (48.68) (153.67)
Free cash flow — — — 0.04 (0.66) 7,331.17 (1,181.93) 1,114.78 (1,441.36) (215.75)
Book value — — — 0.08 0.28 11,490.50 4,718.07 3,741.13 2,332.08 691.49
Shares, m — — — 12 12 0 0 0 0 0
Valuation, ×
Valuation, × P/E — — — — — — — — — —
P/S — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/B — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/FCF — — — 0.00 0.00 0.00 0.00 (0.35) (0.20) (0.18)
Cash, $m
Cash, $m Operating cash flow — — — 1 (8) 5 (4) 7 (16) (3)
Capex — — — 0 0 0 (1) (1) (1) (8)
Free cash flow — — — 1 (8) 4 (5) 6 (16) (11)
Balance, $m
Balance, $m Working capital — — — (7) (5) 2 10 9 18 23
Total debt — — — 9 13 10 11 2 5 12
Net debt — — — 8 9 5 4 (4) 4 8
Shareholders’ equity — — — 1 3 7 19 20 27 35
Returns, %
Returns, % ROA — — — 0.00 12.45 14.89 11.38 3.34 (2.74) (2.64)
ROIC — — — 0.00 0.00 17.88 11.02 2.83 (3.21) (2.40)
ROE — — — 0.00 101.86 66.10 26.50 6.16 (4.77) (4.49)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · fundamentals updated 16 Oct 2026

Charts ten years each

Erayak Power Solution Group Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CCTG CCSC Technology International Holdings Limited $5.2M — — — — −99.66% (below 0%: shrinking) — — Compare
POLA Polar Power, Inc. $4.1M — (loss-making) — (loss-making) −62.37% (below 0%: shrinking) n/m +104.95% (above 0%: growing) (33.07%) (163.98%) Compare
XPON Expion Energy, Inc. $4.0M — (loss-making) — (loss-making) −32.10% (below 0%: shrinking) n/m −270.31% (below 0%: shrinking) 32.43% (64.10%) Compare
ADNH Advent Technologies Holdings, Inc. $3.0M — (loss-making) 17.5× −51.56% (below 0%: shrinking) n/m −96.29% (below 0%: shrinking) (604.84%) (3,829.03%) Compare
ELPW Elong Power Holding Limited $2.2M — — — n/m +54.73% (above 0%: growing) — — Compare
SDST Stardust Power Inc. $1.7M — (loss-making) — — n/m −21.02% (below 0%: shrinking) — 0.00% Compare
LNKS Linkers Industries Limited $1.5M — — — — −360.36% (below 0%: shrinking) — — Compare
RAYA Erayak Power Solution Group Inc. $1.5M — — — — −239.02% (below 0%: shrinking) 28.99% 0.00%
DCFCQ Tritium DCFC Limited $1.4M — (loss-making) — — n/m −5,462.59% (below 0%: shrinking) 2.14% 0.00% Compare
Median of peers $2.6M — — −51.56% — −97.97% (15.46%) (64.10%)

All 52 Electrical Equipment & Parts stocks →

Erayak Power Solution Group Inc. (RAYA) key facts

  • Concern: Erayak Power Solution Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $22.9 million, down 24.6% from fiscal 2024.
  • Concern: Erayak Power Solution Group Inc. reported a net loss of $1.4 million, or a loss of $27.28 per share, for fiscal 2025.
  • Erayak Power Solution Group Inc. (RAYA) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, RAYA traded at $1.47, a market capitalization of $1.5 million.
  • Return on equity was −4.49% and debt-to-equity 0.38.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.95 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 16, 2026.

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stockrow.com/RAYA · Data as of Oct 16, 2026 · For information only; not investment advice. · © 2026 stockrow.com