Nayax (NASDAQ:NYAX) Posts Earnings Results, Misses Expectations By $0.05 EPS

Nayax (NASDAQ:NYAX) released its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05), FiscalAI reports. The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 11.26%.

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

• Nayax delivered a strong Q1, with revenue up 32% to $107 million, organic growth of 26%, and adjusted EBITDA margin expanding to 13%. Management said it is reaffirming full-year 2026 guidance.
• The company’s platform scale continued to grow, with the installed base surpassing 1.5 million connected devices and the customer count reaching 120,000. Total transaction value rose 33% to about $1.8 billion, supporting the recurring revenue model.
• Profitability metrics improved, including recurring revenue up 27% and representing about 74% of total revenue. Nayax highlighted stronger processing margins near 40% and higher ARPU of $247, up 14%, driven by cashless conversion and higher-value verticals like EV charging, amusement, and car wash.
• Hardware sales were robust, rising 46% to about $28 million, helped by demand for the VPOS Media PIN-on-glass devices in Europe and broader market share gains. Management said hardware margins were temporarily pressured by promotions, but expects them to remain around current levels or slightly higher.
• Management described several growth initiatives, including the Lynkwell EV platform, Yello embedded banking in pilot, expansion in Brazil, and more use of AI across products and operations. The company also said its M&A pipeline is active and that it expects inorganic growth to contribute over time.

Nayax Price Performance

Shares of Nayax stock traded down $2.92 during trading on Thursday, hitting $65.59. 24,988 shares of the stock traded hands, compared to its average volume of 19,991. The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.43. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 83.03 and a beta of 0.39. The firm’s fifty day moving average is $61.66 and its 200-day moving average is $54.01. Nayax has a 52 week low of $38.50 and a 52 week high of $74.83.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. William Blair restated an “outperform” rating on shares of Nayax in a research note on Monday, March 9th. Keefe, Bruyette & Woods upped their target price on Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $79.80 target price on shares of Nayax in a research note on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.27.

Insider Activity

In other news, CFO Sagit Manor sold 1,754 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76. Following the transaction, the chief financial officer directly owned 47,523 shares in the company, valued at approximately $3,038,620.62. This represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the transaction, the insider owned 25,753 shares in the company, valued at $1,646,646.82. This trade represents a 3.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,051 shares of company stock worth $196,941 over the last quarter.

Institutional Investors Weigh In On Nayax

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Osaic Holdings Inc. purchased a new stake in Nayax during the 2nd quarter valued at about $33,000. Bank of America Corp DE boosted its holdings in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after acquiring an additional 1,353 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Nayax during the 4th quarter valued at about $69,000. Finally, Alliancebernstein L.P. purchased a new stake in Nayax during the 3rd quarter valued at about $128,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Nayax Company Profile

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.