Erayak Power Solution Group Inc. income statement

In fiscal 2025, Erayak Power Solution Group Inc. reported revenue of $22.9m, down 24.6% on the year before, operating income of −$1.6m (a -7.2% margin) and net income of −$1.4m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Erayak Power Solution Group Inc.: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	14	19	27	20	30	23
Cost of revenue	10	13	20	15	26	18
Gross profit	4	6	7	5	4	5
Research and development	1	1	1	1	2	2
Selling and marketing	0	1	1	1	1	1
General and administrative	1	1	1	2	2	4
Operating income	2	3	4	1	−2	−2
Interest expense	0	0	0	0	0	−0
Net interest income	0	0	0	0	—	—
Income before tax	3	4	4	1	−1	−1
Income tax	0	0	0	0	−0	0
Net income	2	3	3	1	−1	−1
Diluted shares (average)	—	—	—	—	—	—
EBITDA	2	4	4	1	−1	−1

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Erayak Power Solution Group Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Erayak Power Solution Group Inc.