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NYAX

Nayax Ltd.

NYAX

Nayax Ltd. • NASDAQ
$44.31 ▼ -1.97% (-0.89)
Market Cap $1.62 B
52w High $52.46
52w Low $26.77
Dividend Yield 0%
P/E 70.33
Volume 7.58K
Outstanding Shares 36.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $105.798M ▲ $39.393M ▲ $3.589M ▼ 3.392% ▼ $0.095 ▼ $16.599M ▼
Q2-2025 $95.589M ▲ $36.655M ▲ $11.652M ▲ 12.19% ▲ $0.32 ▲ $21.63M ▲
Q1-2025 $81.11M ▼ $32.006M ▼ $7.156M ▲ 8.823% ▲ $0.19 ▲ $15.45M ▲
Q4-2024 $88.959M ▲ $37.436M ▲ $1.646M ▲ 1.85% ▲ $0.045 ▲ $9.535M ▲
Q3-2024 $83.005M $36.52M $692K 0.834% $0.019 $7.386M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $263.39M ▲ $635.705M ▲ $428.244M ▼ $207.452M ▲
Q2-2025 $172.905M ▼ $633.308M ▲ $431.821M ▲ $201.487M ▲
Q1-2025 $176.807M ▲ $566.861M ▲ $386.058M ▲ $180.803M ▲
Q4-2024 $92.457M ▲ $432.893M ▼ $267.648M ▼ $165.245M ▲
Q3-2024 $88.984M $447.303M $283.999M $163.304M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.589M ▼ $17.612M ▲ $-13.469M ▲ $-2.605M ▼ $5.949M ▲ $15.461M ▲
Q2-2025 $11.652M ▲ $12.946M ▲ $-22.631M ▼ $-1.224M ▼ $-4.496M ▼ $5.574M ▲
Q1-2025 $7.156M ▲ $1.289M ▼ $-7.984M ▼ $99.735M ▲ $93.633M ▲ $-5.733M ▼
Q4-2024 $1.646M ▲ $17.008M ▲ $7.876M ▲ $-3.704M ▲ $18.479M ▲ $9.277M ▼
Q3-2024 $688.531K $16.564M $-5.649M $-7.749M $2.739M $10.118M

Five-Year Company Overview

Income Statement

Income Statement Nayax shows a clear pattern of growth with improving profitability, but it is not fully profitable yet. Revenue has climbed steadily each year, and gross profit has risen in line with that, which suggests the core business model is gaining traction. Operating results have moved from meaningful losses toward roughly break-even, and cash earnings have turned modestly positive. Net income is still slightly negative, yet the losses are much smaller than in the past, indicating a business that is scaling, absorbing its fixed costs better, and gradually moving toward sustained profitability if current trends continue.

Balance Sheet

Balance Sheet The balance sheet looks progressively stronger over time. The company has built up its asset base, including a healthier cash cushion than it had a few years ago, which offers more flexibility for growth and downturns. Debt is present but appears manageable relative to the size of the business, and shareholders’ equity has increased, which typically reflects both capital raised and the gradual reduction of accumulated losses. Overall, the financial foundation appears sturdier now than in the earlier years shown, with more resources to support expansion and product development.

Cash Flow

Cash Flow Cash flow trends are a notable positive. The business has shifted from burning cash in its early years to generating cash from operations more recently, a key milestone for any growing technology firm. Free cash flow has also turned positive and stayed there, implying that, after basic investment needs, the company is beginning to fund itself rather than relying entirely on external financing. Capital spending is present but not excessive, suggesting a balance between investing for growth and keeping cash usage under control.

Competitive Edge

Competitive Edge Nayax occupies a focused niche in unattended retail payments with a broad, integrated offering that covers hardware, software, and payment processing. This “all-in-one” approach can make the service sticky because operators rely on Nayax for both day-to-day operations and data insights, which raises switching costs. The recurring revenue model, global reach, and ability to handle local payment rules add further depth to its position. Competition is real—especially from other specialized providers—but Nayax’s reputation for versatile devices and user-friendly software gives it a meaningful competitive edge, particularly in fragmented markets with many smaller operators.

Innovation and R&D

Innovation and R&D Innovation is at the center of Nayax’s strategy. The company has developed a full ecosystem: payment terminals, a management platform with real-time analytics, and consumer-facing tools like its digital wallet and loyalty system. It is pushing into new verticals such as electric vehicle charging and planning embedded finance and e-commerce capabilities, which, if executed well, could deepen customer relationships and open new revenue lines. Ongoing enhancements to loyalty, mobile apps, and software capabilities show a clear commitment to product development and staying ahead of rivals in both functionality and user experience.

Summary

Nayax looks like a scaling fintech platform: revenue and margins are moving in the right direction, losses are narrowing, and cash generation has improved, while the balance sheet has strengthened. Its competitive position is built on an integrated solution, recurring revenue, and specialization in unattended retail, with growing optionality in areas like EV charging and embedded finance. The main watch-points are its still-negative bottom line, the need to keep execution sharp as it expands into new markets, and the risk of intensifying competition. Overall, it appears to be transitioning from an early-stage growth story toward a more mature, cash-generative business, but the journey is not yet complete.

NEWS

November 19, 2025 · 7:30 AM UTC

Nayax Reports Third Quarter 2025 Results

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November 5, 2025 · 7:30 AM UTC

Nayax Announces Connect LATAM 2025 for Regional Customers

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October 30, 2025 · 9:33 AM UTC

Nayax to Report 2025 Q3 Earnings on November 19, 2025

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October 8, 2025 · 7:30 AM UTC

Nayax and ChargeSmart EV Strategically Partner to Deliver Advanced Omnichannel Payment Solutions for U.S. EV Drivers

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September 4, 2025 · 7:00 AM UTC

RetailPro, a Nayax Company, and Onebeat Partner to Transform Inventory from Static Data to Real-Time Profit Engine

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