Nayax (NASDAQ:NYAX) Issues Quarterly Earnings Results

Nayax (NASDAQ:NYAX) issued its earnings results on Wednesday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.15 by $0.19, FiscalAI reports. Nayax had a return on equity of 10.45% and a net margin of 1.74%. The business had revenue of $128.04 million during the quarter, compared to the consensus estimate 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 Price Performance

Shares of NASDAQ NYAX traded up $4.12 during midday trading on Wednesday, hitting $52.97. 64,792 shares of the company’s stock were exchanged, compared to its average volume of 21,175. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 1.43. The business’s fifty day moving average price is $47.44 and its two-hundred day moving average price is $58.12. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 252.21 and a beta of 0.46. Nayax has a 12-month low of $39.17 and a 12-month high of $76.86.

Trending Headlines about Nayax

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

• Positive Sentiment: Q3 2026 adjusted earnings were $0.34 per share, versus the $0.15 analyst consensus and $0.09 a year earlier. Revenue grew 23% to $128 million, while adjusted net income was $14.1 million and adjusted EBITDA reached $24.2 million, with a 19% margin. Free cash flow was $10 million. Nayax Reports Third Quarter 2026 Results
• Positive Sentiment: The company reaffirmed its original 2026 guidance and raised its outlook to account for the IPS Group acquisition, providing a potential growth contribution. Nayax Reports Third Quarter 2026 Results
• Negative Sentiment: Q3 revenue of $128.04 million fell short of the $134.35 million consensus. The company also reported a $1.1 million GAAP net loss, despite positive adjusted earnings. Nayax Q3 earnings results

Analyst Upgrades and Downgrades

NYAX has been the subject of a number of analyst reports. Barclays cut their price objective on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of Nayax in a research note on Wednesday, October 7th. They issued a “buy” rating and a $68.30 target price on the stock. Weiss Ratings downgraded shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. UBS Group reissued a “neutral” rating and issued a $70.00 price target on shares of Nayax in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.46.

Insider Buying and Selling at Nayax

In related news, insider David Ben-Avi acquired 700 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average price of $43.07 per share, for a total transaction of $30,149.00. Following the transaction, the insider owned 6,592,402 shares in the company, valued at $283,934,754.14. This represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yair Nechmad acquired 44,148 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of $47.84 per share, with a total value of $2,112,040.32. Following the completion of the acquisition, the chief executive officer directly owned 7,524,641 shares in the company, valued at $359,978,825.44. The trade was a 0.59% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 198,962 shares of company stock worth $8,972,432 and sold 3,161 shares worth $146,588.

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.