Erayak Power Solution Group Inc. (RAYA) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
RAYA Revenue Growth
Revenue Breakdown (FY 2025)
RAYA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
RAYA Revenue Analysis (2019–2025)
As of May 8, 2026, Erayak Power Solution Group Inc. (RAYA) generated trailing twelve-month (TTM) revenue of $53.1 million, reflecting significant decline in growth of -23.2% year-over-year. The most recent quarter (Q4 2025) recorded $14.1 million in revenue, up 61.3% sequentially.
Looking at the longer-term picture, RAYA's 5-year compound annual growth rate (CAGR) stands at +10.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $30.3 million in 2024.
Revenue diversification analysis shows RAYA's business is primarily driven by Shipping and Handling (100%). With over half of revenue concentrated in Shipping and Handling, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including CBAT (-22.0% YoY), NRGV (+362.0% YoY), and MVST (+12.6% YoY), RAYA has underperformed the peer group in terms of revenue growth. Compare RAYA vs CBAT →
RAYA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RAYACurrent | $53M | -23.2% | +10.1% | -6.4% | |
 CBAT | $177M | -22.0% | +51.4% | 5.0% | |
 NRGV | $204M | +362.0% | - | -36.5% | |
 MVST | $428M | +12.6% | +31.8% | 1.6% | |
 GNRC | $4.2B | -0.5% | +11.1% | 6.9% | |
 ARRY | $1.3B | +13.2% | +8.0% | 6.6% |
RAYA Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $22.9M | -24.6% | $4.9M | 21.3% | $-1,452,389 | -6.4% |
| 2024 | $30.3M | +49.1% | $4.0M | 13.2% | $-1,565,048 | -5.2% |
| 2023 | $20.3M | -24.5% | $4.9M | 24.3% | $747K | 3.7% |
| 2022 | $26.9M | +44.4% | $6.6M | 24.6% | $4.1M | 15.1% |
| 2021 | $18.6M | +31.9% | $5.7M | 30.4% | $3.5M | 18.7% |
| 2020 | $14.1M | +57.8% | $3.8M | 26.9% | $2.3M | 16.3% |
| 2019 | $8.9M | - | $2.3M | 25.2% | $893K | 10.0% |
See RAYA's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs RAYA Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare RAYA vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonRAYA — Frequently Asked Questions
Quick answers to the most common questions about buying RAYA stock.
Is RAYA's revenue growth accelerating or slowing?
RAYA revenue declined -23.2% year-over-year, contrasting with the 5-year CAGR of +10.1%. TTM revenue fell to $53M. This reverses the prior growth trend.
What is RAYA's long-term revenue growth rate?
Erayak Power Solution Group Inc.'s 5-year revenue CAGR of +10.1% reflects the variable expansion pattern. Current YoY growth of -23.2% is below this long-term average.
How is RAYA's revenue distributed by segment?
RAYA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.