Raytech Holding Limited Ordinary Shares (RAY) Revenue History
Annual and quarterly revenue from 2021 to 2025
Compound Annual Growth Rate (CAGR)
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RAY Revenue Growth
RAY Revenue Analysis (2021–2025)
As of May 8, 2026, Raytech Holding Limited Ordinary Shares (RAY) generated trailing twelve-month (TTM) revenue of $145.7 million, reflecting modest growth of +4.5% year-over-year. The most recent quarter (Q4 2025) recorded $35.5 million in revenue, down 17.9% sequentially.
Looking at the longer-term picture, RAY's historical revenue data shows a 3-year CAGR of +20.4%. The company achieved its highest annual revenue of $78.7 million in 2025, representing a new all-time high.
When compared to Consumer Defensive sector peers including CODA (+33.2% YoY), CLFD (-21.0% YoY), and ITRN (+6.8% YoY), RAY has underperformed the peer group in terms of revenue growth. Compare RAY vs CODA →
RAY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RAYCurrent | $146M | +4.5% | - | 9.7% | |
 CODA | $27M | +33.2% | +5.8% | 17.1% | |
 CLFD | $150M | -21.0% | +10.0% | 1.4% | |
 ITRN | $359M | +6.8% | +7.9% | 21.4% | |
 VIAV | $1.1B | +30.6% | -0.9% | 6.5% | |
 LITE | $1.6B | +69.0% | -0.4% | -10.9% |
RAY Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $78.7M | +17.6% | $17.8M | 22.6% | $7.6M | 9.7% |
| 2024 | $67.0M | +47.1% | $14.9M | 22.3% | $11.4M | 17.0% |
| 2023 | $45.5M | +0.9% | $1.4M | 3.2% | $7.2M | 15.8% |
| 2022 | $45.1M | +41.6% | $1.6M | 3.4% | $10.7M | 23.8% |
| 2021 | $31.9M | - | $7.9M | 24.8% | $6.7M | 21.1% |
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Start ComparisonRAY — Frequently Asked Questions
Quick answers to the most common questions about buying RAY stock.
Is RAY's revenue growth accelerating or slowing?
RAY revenue growth slowed to +4.5%, below the 5-year CAGR of N/A. TTM revenue is $146M. The deceleration marks a shift from historical growth rates.
What is RAY's long-term revenue growth rate?
Raytech Holding Limited Ordinary Shares's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of +4.5% is near this long-term average.
How is RAY's revenue distributed by segment?
RAY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2025 are available for download. Segment mix reveals concentration and diversification trends.