Financial Overview — Ray Data LLC

All documents prepared by Collective.com (bookkeeping service) for Ray Data LLC. Cash basis accounting throughout. Original PDFs organized from Discord inbox into this vault.

Document Index

2023

Coverage starts June 2023 (company appears to have been established mid-2023).

2024

Full 12-month coverage.

2025

Partial year coverage through November 2025. Note: January 2025 GL not present in this batch. April 2025 GL not present. June 2025 GL not present. Annual P&L covers full Jan–Dec 2025.

Key Financial Highlights

2023 Annual P&L (Year Ended December 31, 2023)

• Total Revenue: $192,630.71 (services income)
• Total Expenses: $63,146.55 (32.78% of revenue)
  • Payroll (gross wages): $18,000.00
  • Payroll (employer taxes): $1,608.00
  • Office Expenses & Software: $12,406.67
  • Legal & Professional Services: $6,181.00
  • Equipment & Furniture: $5,172.33
  • Job Supplies: $3,829.46
  • Meals (50%): $2,013.47
  • Travel: $2,356.23
  • Education & Training: $3,020.00
  • Employee Reimbursement: $5,227.00
• Net Operating Income: $129,484.16 (67.22% margin)
• Total Other Income: $811.39 (cash back rewards + interest)
• Net Income: $130,046.55

2025 Annual P&L (January–December 2025)

• Total Revenue: $198,896.00 (services: $198,746.00 + billable expense income: $150.00)
• Total Expenses: $98,410.30 (49.48% of revenue)
  • Payroll - Officer Gross Wages: $57,500.00
  • Payroll - Employer Taxes: $4,629.75
  • Meals (50%): $9,183.66
  • Office Expenses & Software/Subscriptions: $13,867.14
  • Employee Reimbursement (Home Office + Phone/Internet): $7,033.49
  • Legal & Professional Services: $3,050.00
  • Equipment & Furniture: $592.78
  • Advertising & Marketing: $1,083.88
  • Education & Training: $556.00
  • Dues & Memberships: $300.00
  • Taxes & Licenses: $300.00
  • Travel: $208.90
  • Bank Charges & Fees: $4.70
  • Merchant Processing Fees: $100.00
  • Other Expenses (Charitable Contributions): $30.00
• Net Operating Income: $100,485.70 (50.52% margin)
• Total Other Income: $624.79 (interest $0.20 + cash back rewards $624.59)
• Net Income (approx): ~$101,080.49

2025 Balance Sheet (As of December 31, 2025)

• Total Assets: $57,770.79
  • Current Assets: $53,511.85 (primarily Mercury accounts)
  • Fixed Assets: $4,258.94 (Furniture & Equipment Cost)
• Total Liabilities: $2,131.26
  • American Express Blue Business Cash: $2,131.26
• Total Equity: $55,639.53
  • Current Income: $101,080.49
  • Capital Stock: $1,000.00
  • Shareholder Distribution: -$89,865.70
  • Retained Earnings: $43,424.74

Notable Trends & Observations

Revenue

• 2023: $192,630 total revenue (partial year — business started ~June 2023, so this represents roughly 7 months of operations)
• 2025: $198,896 total revenue (full year) — relatively flat year-over-year when annualized
• Primary revenue source is services income throughout; Mammoth Growth LLC appears as the main client in 2025 GLs (recurring invoices INV-0043 through INV-0048)
• Revenue is lumpy / irregular: some months show $0 (Feb 2025, Jun 2025, Nov 2025) while others spike ($34,500 in Oct 2025, $31,422 in May 2025)

Expenses & Payroll Structure

• 2023: Payroll was modest ($18K gross wages) — likely early/lean period
• 2025: Officer payroll jumped to $57,500 in gross wages, reflecting a more established salary structure. Payroll is the dominant expense category at 58% of total expenses
• Office/software spend (~$13.9K in 2025) reflects a tooling-heavy operations model
• Meals expense is meaningful ($9,183 in 2025) suggesting active client/business development activity

Profitability

• 2023 net margin: 67.5% — exceptional, likely reflects pre-payroll/lean startup phase
• 2025 net margin: ~50.8% — still strong, normalizing as payroll and OPEX mature
• Business is consistently profitable across both years with no evidence of significant losses in any period

Balance Sheet Health (Dec 2025)

• Very low leverage: $2,131 in liabilities against $57,770 in assets
• Significant shareholder distributions ($89,866 in 2025 alone) — owner extracting profits regularly, consistent with the bi-weekly distribution pattern visible in GLs
• Retained earnings: $43,424.74 held across years

Banking Structure

Consistent Mercury Bank multi-account structure visible throughout GLs:

• Checking_Mercury_3578_Income — incoming revenue
• Checking_Mercury_8262_Owner's Comp — owner payroll
• Checking_Mercury_8324_Tax — tax reserves
• Checking_Mercury_4740_Profit — profit reserves
• Checking_Mercury_2339_OPEX — operating expenses
• Credit_Amex_1008 — American Express Blue Business Cash (primary business card)

Coverage Gaps

The following monthly GLs were not present in this batch (may not have been generated or not yet sent):

• 2025: January GL, April GL, June GL

Processing Notes

• Source: 94 PDF files delivered via Discord from Collective.com bookkeeping
• Duplicates skipped: Every document in the inbox existed as an exact duplicate pair — 47 unique documents × 2 = 94 files. Only one copy of each was filed.
• Skipped: 1 .jpg file (not a financial document)
• Document types: Monthly Financial Reports (cover page bundles containing P&L, Balance Sheet, Cash Flow Statement), monthly General Ledgers, annual General Ledger (2023), annual Financial Report bundles (2023, 2024), and standalone annual P&L summary for 2025