Erayak Power Solution Group Inc. (RAYA) Revenue History
Annual and quarterly revenue from 2019 to present
RAYA Revenue Over Time (2019–2025)
RAYA Revenue Growth History
4 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +57.8%
- FY2021 revenue growth
- +31.9%
- FY2022 revenue growth
- +44.4%
- FY2023 revenue growth
- -24.5%
- FY2024 revenue growth
- +49.1%
- FY2025 revenue growth
- -24.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $14.1M | -23.2% |
| Q2 2025 | $8.7M | -26.8% |
| Q4 2024 | $18.4M | +68.8% |
| Q2 2024 | $11.9M | +26.8% |
| Q4 2023 | $10.9M | -29.5% |
| Q2 2023 | $9.4M | -18.0% |
| Q4 2022 | $15.4M | +45.3% |
| Q2 2022 | $11.5M | +43.3% |
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)
Current Revenue & Growth
As of June 28, 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.
Historical Growth Trajectory
RAYA's 5-year compound annual growth rate (CAGR) stands at +10.1%, indicating consistent double-digit revenue growth. The 3-year CAGR of -5.3% is below the 5-year average, signalling a growth deceleration in recent years. Erayak Power Solution Group Inc.'s highest annual revenue of $30.3 million was recorded in 2024.
Revenue by Segment
RAYA's revenue is primarily driven by Shipping and Handling (100%). With over half of revenue concentrated in Shipping and Handling, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including CBAT (+50.5% YoY), NRGV (+362.0% YoY), and MVST (-10.4% YoY) — RAYA has underperformed the peer group in 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 | $195M | +50.5% | +39.0% | -9.6% | |
 NRGV | $204M | +362.0% | - | -36.5% | |
 MVST | $428M | -10.4% | +31.8% | 9.5% | |
 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
RAYA — Frequently Asked Questions
Quick answers to the most common questions about buying RAYA stock.
Is RAYA's revenue growth accelerating or slowing?
RAYA revenue is declining -23.2% year-over-year. TTM revenue fell to $53M, contrasting with the 5-year CAGR of +10.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is RAYA's revenue history from 2019 to 2026?
Erayak Power Solution Group Inc. (RAYA) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $53M, growing at -23.2% YoY. The 5-year CAGR is +10.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is RAYA's long-term revenue growth rate (CAGR)?
Erayak Power Solution Group Inc.'s 5-year revenue CAGR of +10.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -23.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for RAYA.
Why does RAYA's quarterly revenue fluctuate?
RAYA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Erayak Power Solution Group Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is RAYA's revenue distributed by segment?
RAYA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does RAYA's revenue compare to industry peers?
Erayak Power Solution Group Inc. (RAYA) with TTM revenue of $53M and -23.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.