What is Raytech's operating income?

Raytech's total operating income in 2026 was $2.30 million, based on the following breakdown: Total Gross Profit: $18.19 million Total Operating Expenses: $15.89 million

Raytech (RAY) Financials

$2.89 +0.02 (+0.70%)

Closing price 08/7/2026 03:58 PM Eastern

Extended Trading

$2.88 -0.01 (-0.35%)

As of 08/7/2026 07:34 PM Eastern

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Annual Income Statements for Raytech

This table shows Raytech's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025	2026
Period end date	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.40	-0.66	1.27	1.06	2.13
Consolidated Net Income / (Loss)	1.21	-0.66	1.27	1.06	2.13
Net Income / (Loss) Continuing Operations	-0.40	-0.66	1.27	1.06	2.13
Total Pre-Tax Income	1.43	0.95	1.63	1.35	2.60
Total Operating Income	1.37	0.92	1.45	0.98	2.30
Total Gross Profit	0.00	0.00	8.56	10	18
Total Revenue	0.00	0.00	8.56	10	18
Operating Revenue	-	-	8.56	10	18
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	0.18	4.88	7.11	9.14	16
Selling, General & Admin Expense	0.18	0.54	0.45	1.31	2.75
Other Operating Expenses / (Income)	-	-	6.65	7.83	13
Total Other Income / (Expense), net	0.00	0.04	0.18	0.37	0.30
Interest Expense	-	-	0.00	0.00	0.03
Interest & Investment Income	0.00	0.02	0.18	0.41	0.29
Other Income / (Expense), net	0.00	0.02	-0.00	-0.04	0.04
Income Tax Expense	0.22	0.15	0.36	0.29	0.47
Basic Earnings per Share	$0.08	$0.05	$1.27	$0.98	$0.12
Weighted Average Basic Shares Outstanding	16M	16M	1M	1.09M	2.32M
Diluted Earnings per Share	-	$0.05	$1.27	$0.98	$0.12
Weighted Average Diluted Shares Outstanding	-	16M	1M	1.09M	2.32M

No quarterly income statements for Raytech are available.

This table details how cash moves in and out of Raytech's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025	2026
Period end date	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Net Change in Cash & Equivalents	2.27	2.35	1.86	6.33	-0.94
Net Cash From Operating Activities	1.05	1.40	2.01	0.80	-1.85
Net Cash From Continuing Operating Activities	2.18	2.57	2.01	0.80	-1.85
Net Income / (Loss) Continuing Operations	1.21	0.80	1.27	1.06	2.13
Consolidated Net Income / (Loss)	1.21	0.80	1.27	1.06	2.13
Depreciation Expense	0.00	0.00	0.00	0.00	0.00
Amortization Expense	0.00	0.01	0.01	0.00	0.03
Non-Cash Adjustments To Reconcile Net Income	-0.00	0.01	-0.10	-0.04	-2.01
Changes in Operating Assets and Liabilities, net	0.98	1.75	0.83	-0.23	-2.00
Net Cash From Investing Activities	0.28	0.18	0.11	0.02	-3.53
Net Cash From Continuing Investing Activities	0.28	0.18	0.11	0.02	-3.53
Acquisitions	-	-	0.00	0.00	-3.53
Other Investing Activities, net	0.28	0.18	0.11	0.02	0.00
Net Cash From Financing Activities	-0.20	-0.40	-0.27	5.51	4.44
Net Cash From Continuing Financing Activities	-0.20	-0.40	-0.27	5.51	4.44
Issuance of Common Equity	-	0.00	0.00	5.51	0.00
Other Financing Activities, net	-	-	-0.27	0.00	4.44
Cash Income Taxes Paid	0.27	0.33	0.34	0.21	0.32

No quarterly cash flow statements for Raytech are available.

This table presents Raytech's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025	2026
Period end date	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Total Assets	4.21	7.43	12	28
Total Current Assets	3.79	6.75	12	22
Cash & Equivalents	2.72	4.59	11	9.95
Accounts Receivable	0.99	1.88	1.05	8.64
Inventories, net	0.00	0.24	0.24	0.00
Other Current Assets	0.07	0.05	0.00	2.91
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00
Total Noncurrent Assets	0.42	0.67	0.00	6.05
Goodwill	-	-	0.00	5.59
Intangible Assets	-	-	0.00	0.33
Other Noncurrent Operating Assets	0.42	0.67	0.00	0.14
Total Liabilities & Shareholders' Equity	4.21	7.43	12	28
Total Liabilities	1.52	3.45	2.30	11
Total Current Liabilities	1.52	3.45	2.30	9.12
Accounts Payable	0.09	0.09	0.06	5.35
Accrued Expenses	0.08	0.13	0.23	0.35
Current Deferred & Payable Income Tax Liabilities	-	0.00	0.02	0.18
Other Current Liabilities	2.45	6.33	1.99	3.24
Total Noncurrent Liabilities	0.00	0.00	0.00	1.91
Long-Term Debt	-	-	0.00	1.86
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.00	0.05
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2.69	3.97	9.89	17
Total Preferred & Common Equity	2.69	3.97	9.89	17
Total Common Equity	2.69	3.97	9.89	17
Common Stock	0.01	0.01	4.85	9.39
Retained Earnings	2.68	3.96	5.04	7.13

No quarterly balance sheets for Raytech are available.

This table displays calculated financial ratios and metrics derived from Raytech's official financial filings.

Metric	2022	2023	2024	2025	2026
Period end date	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
DEI Shares Outstanding	0.00	0.00	0.00	0.00	0.00
DEI Adjusted Shares Outstanding	0.00	0.00	0.00	0.00	0.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00	0.00	0.00
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	18.27%	79.75%
EBITDA Growth	0.00%	-30.92%	53.80%	-35.17%	150.11%
EBIT Growth	0.00%	-31.76%	55.01%	-34.66%	146.94%
NOPAT Growth	0.00%	-33.26%	46.56%	-31.71%	144.27%
Net Income Growth	0.00%	-154.66%	292.72%	-16.30%	100.31%
EPS Growth	0.00%	0.00%	292.72%	-16.30%	-87.99%
Operating Cash Flow Growth	0.00%	32.92%	44.11%	-60.27%	-331.49%
Free Cash Flow Firm Growth	0.00%	0.00%	94.83%	-151.99%	-291.32%
Invested Capital Growth	0.00%	0.00%	-227.68%	72.72%	931.10%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-
Gross Margin	0.00%	0.00%	100.00%	100.00%	100.00%
EBITDA Margin	0.00%	0.00%	17.07%	9.36%	13.02%
Operating Margin	0.00%	0.00%	16.96%	9.71%	12.64%
EBIT Margin	0.00%	0.00%	16.93%	9.36%	12.85%
Profit (Net Income) Margin	0.00%	0.00%	14.84%	10.50%	11.70%
Tax Burden Percent	84.44%	-69.20%	77.91%	78.56%	82.03%
Interest Burden Percent	104.20%	101.86%	112.47%	142.88%	111.00%
Effective Tax Rate	15.56%	15.80%	22.09%	21.44%	17.97%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	50.90%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	48.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	-34.78%
Return on Equity (ROE)	0.00%	-24.47%	38.11%	15.33%	16.12%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-89.65%
Operating Return on Assets (OROA)	0.00%	0.00%	24.90%	9.65%	11.76%
Return on Assets (ROA)	0.00%	0.00%	21.82%	10.83%	10.71%
Return on Common Equity (ROCE)	0.00%	-24.47%	38.11%	15.33%	16.12%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-24.47%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.16	0.77	1.13	0.77	1.89
NOPAT Margin	0.00%	0.00%	13.22%	7.63%	10.37%
Net Nonoperating Expense Percent (NNEP)	0.00%	-74.76%	2.41%	3.12%	2.55%
Return On Investment Capital (ROIC_SIMPLE)	-	28.54%	28.48%	7.81%	10.26%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	5.29%	12.90%	15.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	0.00%	83.04%	90.29%	87.36%
Earnings before Interest and Taxes (EBIT)	1.37	0.93	1.45	0.95	2.34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.37	0.95	1.46	0.95	2.37
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.23	1.51	3.43	0.48
Price to Tangible Book Value (P/TBV)	0.00	2.23	1.51	3.43	0.75
Price to Revenue (P/Rev)	0.00	0.00	0.70	3.35	0.44
Price to Earnings (P/E)	0.00	0.00	4.73	31.92	3.76
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	21.16%	3.13%	26.60%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.17	2.27	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.46	0.97	24.31	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	3.52	0.98	24.31	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4.26	1.25	29.81	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.36	0.70	28.79	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.73	0.38	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.11
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.11
Financial Leverage	0.00	-1.42	-1.73	-1.34	-0.72
Leverage Ratio	0.00	1.56	1.75	1.42	1.50
Compound Leverage Factor	0.00	1.59	1.96	2.02	1.67
Debt to Total Capital	0.00%	0.41%	0.00%	0.00%	10.10%
Short-Term Debt to Total Capital	0.00%	0.41%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	10.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	99.59%	100.00%	100.00%	89.90%
Debt to EBITDA	0.00	0.01	0.00	0.00	0.78
Net Debt to EBITDA	0.00	-2.85	0.00	0.00	-3.42
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.78
Debt to NOPAT	0.00	0.01	0.00	0.00	0.98
Net Debt to NOPAT	0.00	-3.51	0.00	0.00	-4.29
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.98
Altman Z-Score	0.00	4.64	4.12	11.47	2.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	2.50	1.95	5.29	2.36
Quick Ratio	0.00	2.45	1.87	5.19	2.04
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1.91	3.71	-1.93	-7.55
Operating Cash Flow to CapEx	70,322.29%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	14,338.03	0.00	-243.31
Operating Cash Flow to Interest Expense	0.00	0.00	7,769.61	0.00	-59.61
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	7,769.61	0.00	-59.61
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.00	1.47	1.03	0.92
Accounts Receivable Turnover	0.00	0.00	5.96	6.92	3.75
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	61.20	52.75	97.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	61.20	52.75	97.22
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	-1.13	-3.72	-1.01	8.43
Invested Capital Turnover	0.00	0.00	-3.53	-4.28	4.91
Increase / (Decrease) in Invested Capital	0.00	-1.13	-2.58	2.70	9.44
Enterprise Value (EV)	0.00	3.29	1.41	23	-0.09
Market Capitalization	6.00	6.00	6.00	34	8.00
Book Value per Share	$0.00	$0.17	$3.97	$9.10	$7.12
Tangible Book Value per Share	$0.00	$0.17	$3.97	$9.10	$4.57
Total Capital	0.00	2.70	3.97	9.89	18
Total Debt	0.00	0.01	0.00	0.00	1.86
Total Long-Term Debt	0.00	0.00	0.00	0.00	1.86
Net Debt	0.00	-2.71	-4.59	-11	-8.10
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-0.44	-1.29	-1.02	2.43
Debt-free Net Working Capital (DFNWC)	0.00	2.28	3.30	9.89	12
Net Working Capital (NWC)	0.00	2.27	3.30	9.89	12
Net Nonoperating Expense (NNE)	-0.05	1.43	-0.14	-0.29	-0.24
Net Nonoperating Obligations (NNO)	0.00	-3.83	-7.69	-11	-8.10
Total Depreciation and Amortization (D&A)	0.00	0.01	0.01	0.00	0.03
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	-15.05%	-10.04%	13.35%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	38.53%	97.72%	68.06%
Net Working Capital to Revenue	0.00%	0.00%	38.53%	97.72%	68.06%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.16	$0.12	$0.12
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	1M	1.09M	2.32M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.12	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	1.10M	1.09M	2.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	1.10M	2.72M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1.16	0.77	1.13	0.77	1.89
Normalized NOPAT Margin	0.00%	0.00%	13.22%	7.63%	10.37%
Pre Tax Income Margin	0.00%	0.00%	19.04%	13.37%	14.27%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	5,594.47	0.00	75.30
NOPAT to Interest Expense	0.00	0.00	4,366.48	0.00	60.76
EBIT Less CapEx to Interest Expense	0.00	0.00	5,594.47	0.00	75.30
NOPAT Less CapEx to Interest Expense	0.00	0.00	4,366.48	0.00	60.76
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	16.50%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	16.50%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Raytech are available.

Financials Breakdown Chart

Raytech Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Raytech's financial year ends in March. Their financial year 2026 ended on March 31, 2026.

Raytech's net income appears to be on an upward trend, with a most recent value of $2.13 million in 2026, rising from $1.21 million in 2022. The previous period was $1.06 million in 2025. See Raytech's forecast for analyst expectations on what's next for the company.

Raytech's total operating income in 2026 was $2.30 million, based on the following breakdown:

Total Gross Profit: $18.19 million
Total Operating Expenses: $15.89 million

Over the last 4 years, Raytech's total revenue changed from $0.00 in 2022 to $18.19 million in 2026, a change of 1,819,248,500.0%.

Raytech's total liabilities were at $11.03 million at the end of 2026, a 378.7% increase from 2025, and a 626.9% increase since 2023.

In the past 3 years, Raytech's cash and equivalents has ranged from $2.72 million in 2023 to $10.91 million in 2025, and is currently $9.95 million as of their latest financial filing in 2026.

Over the last 4 years, Raytech's book value per share changed from 0.00 in 2022 to 7.12 in 2026, a change of 712.3%.

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Financial statements for NASDAQ:RAY last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Raytech (RAY) Financials

Financials Breakdown Chart

Raytech Financials - Frequently Asked Questions

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Raytech (RAY) Financials

Annual Income Statements for Raytech

Quarterly Income Statements for Raytech

Annual Cash Flow Statements for Raytech

Quarterly Cash Flow Statements for Raytech

Annual Balance Sheets for Raytech

Quarterly Balance Sheets for Raytech

Annual Metrics And Ratios for Raytech

Quarterly Metrics And Ratios for Raytech

Financials Breakdown Chart

Raytech Financials - Frequently Asked Questions

When does Raytech's fiscal year end?

How has Raytech's net income changed over the last 4 years?

What is Raytech's operating income?

How has Raytech's revenue changed over the last 4 years?

How much debt does Raytech have?

How much cash does Raytech have?

How has Raytech's book value per share changed over the last 4 years?

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