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

Nayax (NASDAQ:NYAX) announced its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05), FiscalAI reports. The company had revenue of $106.86 million during the quarter, compared to analyst estimates of $105.64 million. Nayax had a return on equity of 11.60% and a net margin of 8.87%.

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 Stock Down 7.5%

NYAX traded down $5.34 on Wednesday, hitting $66.06. 31,396 shares of the company were exchanged, compared to its average volume of 17,226. The stock’s fifty day moving average is $61.38 and its 200-day moving average is $53.83. Nayax has a 12 month low of $38.50 and a 12 month high of $74.83. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.16 and a current ratio of 2.26. The company has a market cap of $2.42 billion, a PE ratio of 69.53 and a beta of 0.39.

Insider Buying and Selling

In other news, CFO Sagit Manor sold 1,754 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the completion of the sale, the chief financial officer owned 47,523 shares of the company’s stock, valued at approximately $3,038,620.62. This represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total transaction of $64,067.88. Following the completion of the transaction, the insider directly owned 25,753 shares of the company’s stock, valued at $1,646,646.82. This represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 3,032 shares of company stock valued at $195,657.

Institutional Trading of Nayax

Several institutional investors and hedge funds have recently added to or reduced their stakes in NYAX. Russell Investments Group Ltd. grew its position in shares of Nayax by 210.5% in 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. acquired a new stake in Nayax in the 2nd quarter valued at about $33,000. Bank of America Corp DE lifted its stake in Nayax by 920.4% in the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $44,000 after purchasing an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in Nayax during the fourth quarter worth about $69,000. Finally, Alliancebernstein L.P. acquired a new position in Nayax during the third quarter worth approximately $128,000. 34.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NYAX has been the topic of a number of research reports. Zacks Research upgraded Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. UBS Group lifted their target price on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Nayax in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Nayax from $60.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.33.

About Nayax

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.