Nayax (NASDAQ:NYAX) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Nayax (NASDAQ:NYAX) announced its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.19, FiscalAI reports. Nayax had a net margin of 1.74% and a return on equity of 10.45%. The business had revenue of $128.04 million for the quarter, compared to analyst estimates of $134.35 million.

Here are the key takeaways from Nayax’s conference call:

• Q3 revenue rose 23% to $128 million, while recurring revenue grew 21% and reached 73% of the total. Transaction value increased 26%, and average revenue per connected device rose 11% year over year.
• Profitability improved, with record gross margin of 49.6% and adjusted EBITDA up 33% to $24.2 million; hardware margin rebounded to 35.2% from 28.1% in Q2. The company reported a $1.1 million net loss, which management attributed mainly to higher stock-based compensation and financial expenses.
• Nayax reaffirmed its 2026 revenue guidance of $530 million–$540 million including IPS, and adjusted EBITDA guidance of $90 million–$95 million. Q3 free cash flow was $10 million, though full-year free cash flow conversion is still expected to be only 5%–10% excluding IPS, reflecting planned investments.
• The October acquisition of IPS adds a parking platform serving more than 250,000 spaces and about $500 million in existing cashless payment volume, with plans to integrate Nayax processing and expand into Europe. Management said integration is a 2027 priority; pro forma leverage is about four times, and the company does not plan another large acquisition soon.
• Management said 2027 will focus on converting partnerships, OEM integrations, and new-market expansion into recurring revenue, alongside growing financial services. It reiterated its longer-term goal of reaching a 30% adjusted EBITDA margin in 2028, while noting this depends on growth, integration, and operating efficiencies.

Nayax Stock Performance

NYAX traded down $0.34 during trading hours on Thursday, hitting $52.66. The company’s stock had a trading volume of 6,712 shares, compared to its average volume of 21,135. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. Nayax has a fifty-two week low of $39.17 and a fifty-two week high of $76.86. The company has a 50-day simple moving average of $47.43 and a 200 day simple moving average of $58.08. The firm has a market capitalization of $1.93 billion, a PE ratio of 251.50 and a beta of 0.46.

Insider Activity at Nayax

In related news, insider David Ben-Avi acquired 1,554 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of $43.18 per share, for a total transaction of $67,101.72. Following the completion of the purchase, the insider directly owned 6,591,702 shares of the company’s stock, valued at $284,629,692.36. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gal Omer sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total value of $67,755.00. Following the completion of the sale, the insider owned 18,539 shares of the company’s stock, valued at approximately $837,406.63. This trade represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,141 shares worth $145,536.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Nayax in a research report on Wednesday, October 7th. They set a “buy” rating and a $68.30 price target for the company. UBS Group restated a “neutral” rating and set a $70.00 price objective on shares of Nayax in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods raised Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Friday, August 14th. Weiss Ratings lowered Nayax from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. Finally, Barclays dropped their target price on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nayax presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.46.

Recent Nayax Headlines

These are some of the NYAX headlines that stood out recently:

• Positive Sentiment: Management reaffirmed its original 2026 outlook and said it now includes the IPS Group acquisition, supporting the company’s growth outlook. Nayax Reports Third Quarter 2026 Results
• Negative Sentiment: Quarterly revenue of $128 million fell short of analysts’ $134.35 million estimate. The company also reported a $1.1 million net loss, despite stronger adjusted results. Nayax Q3 earnings results
• Negative Sentiment: Updated 2026 revenue guidance of $510 million–$520 million is below the $536.5 million analyst consensus, potentially tempering the earnings beat. Nayax surpasses Q3 earnings estimates

About Nayax

Nayax Ltd. is a financial technology and commerce platform company focused on unattended and self-service retail. Its offerings combine cashless payment processing with business management and consumer-engagement tools. The company provides payment devices and software that support cashless transactions, remote monitoring, sales reporting and loyalty programs. Its solutions serve operators in markets such as vending, self-service laundries, micro markets and other unattended retail settings. Founded in 2005 and headquartered in Israel, Nayax serves merchants and operators in markets around the world.