Saturday 17 October 2026 Export NYAX’s income statement to Excel — free account

Nayax Ltd.

Nayax Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $400.4 million, up 27.5% from fiscal 2024. In the quarter to June 2026, revenue grew 28.3%, EPS fell 184.4%, free cash flow fell 335.3% and total debt rose 127.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

45.89 1.10 +2.46%

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Market cap: $1.7B
P/E: 209×
Fwd P/E: 85.0×
Dividend yield: —
F-score: 6/9
Altman Z: 2.88
Beneish M: −2.27
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 9.10

Total sells 6.12

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	6	—
Sell	—	—	—	—	8	2	8	13	1	3	12	—

Insider Ownership 56.51%

Capital & Financial Ratios $m

Market Cap 1,670.00

Revenue 453.18

Net Income 7.87

Free Cash Flow (6.78)

Net Debt (73.44)

Current Ratio 2.12

Debt/Equity 1.47

P/E ratio 208.59

Fwd P/E 85.00

P/S ratio 3.80

P/B ratio 7.03

Past 5Y EPS Growth —

This Y EPS Growth (54.21%)

Next Y EPS Growth 171.51%

Next Y revenue growth 29.66%

Next 5Y EPS Growth 28.43%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 42.75%

10-year low 10-year high

P/B against its own 10 years 45.85%

10-year low 10-year high

EV/Sales against its own 10 years 46.86%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	90	153	413	434
Receivables	85	101	152	172
Inventory	21	20	29	30
Other	9	14	27	47
	203	288	620	683

	2023	2024	2025	Q'26
Payables	17	21	29	27
ST’ Debt	49	29	3	9
Other	110	132	186	233
	204	219	274	322

Compound Annual Growth %

	10y	5y	3y
Sales	—	38.43%	32.15%
Cash Flow	—	44.08%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	79.20%	30.21%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	107	123	—	—	—
’25	81	96	104	119	400
’24	64	78	83	89	314
’23	52	56	60	67	235
’22	34	41	47	51	174
’21	23	31	31	34	119
’20	18	14	22	25	79

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4	(1)	—	—	—
’25	1	13	10	16	40
’24	0	9	17	17	43
’23	1	(2)	5	5	9
’22	(3)	(15)	(6)	(3)	(28)
’21	4	(3)	(1)	(13)	(13)
’20	0	1	2	4	6

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	(13)	—	—	—
’25	(6)	6	4	8	12
’24	(4)	3	10	9	18
’23	(3)	(6)	1	1	(8)
’22	(6)	(19)	(10)	(8)	(43)
’21	1	(4)	(3)	(16)	(22)
’20	(2)	0	0	1	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.03	(0.27)	—	—	—
’25	0.19	0.31	0.09	0.36	0.94
’24	(0.15)	(0.08)	0.02	0.05	(0.16)
’23	(0.17)	(0.12)	(0.09)	(0.10)	(0.48)
’22	(0.30)	(0.32)	(0.30)	(0.23)	(1.14)
’21	(0.01)	(0.02)	(0.21)	(0.59)	(0.82)
’20	(0.01)	(0.01)	0.00	(0.23)	(0.24)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	18.09	16.38	18.75	29.50	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	37.07	25.38	30.99	52.46
People
People	Employees	—	—	—	—	—	550	700	870	1,130	1,200
	Revenue/emp, $m	—	—	0.00	0.00	0.00	0.22	0.25	0.27	0.28	0.33
Income, $m
Income, $m	Revenue	—	—	47	66	79	119	174	235	314	400
	Gross margin, %	—	—	37.63	34.47	47.19	40.43	34.60	37.49	45.07	48.19
	EBT	—	—	(4)	(6)	(6)	(24)	(37)	(15)	(4)	35
	EBT margin, %	—	—	(7.55)	(8.85)	(7.74)	(20.26)	(21.36)	(6.23)	(1.40)	8.63
	Net income	—	—	(4)	(5)	(6)	(25)	(38)	(16)	(6)	36
	Depreciation	—	—	3	5	6	7	9	13	21	25
Per share, $
Per share, $	Revenue	—	—	1.47	2.07	3.17	3.95	5.29	7.10	8.78	10.83
	Earnings	—	—	(0.11)	(0.17)	(0.24)	(0.82)	(1.14)	(0.48)	(0.16)	0.96
	Cash flow	—	—	(0.05)	0.13	0.26	(0.42)	(0.84)	0.27	1.20	1.09
	Capex	—	—	0.00	0.00	(0.32)	(0.29)	(0.46)	(0.50)	(0.70)	(0.76)
	Free cash flow	—	—	(0.05)	0.13	(0.06)	(0.71)	(1.30)	(0.23)	0.50	0.33
	Book value	—	—	0.00	0.46	0.50	4.36	3.19	2.94	4.62	6.25
	Shares, m	—	—	32	32	25	30	33	33	36	37
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	52.16
	P/S	—	—	4.64	4.64	4.64	4.64	3.67	2.85	3.32	4.67
	P/B	—	—	4.84	4.84	4.84	4.84	6.09	6.88	6.31	8.10
	EV/Sales	—	—	3.96	3.96	3.96	3.96	3.44	2.70	3.00	4.49
	EV/FCF	—	—	(17.83)	(17.83)	(17.83)	(17.83)	(13.94)	(81.79)	52.54	147.48
Cash, $m
Cash, $m	Operating cash flow	—	—	(2)	4	6	(13)	(28)	9	43	40
	Capex	—	—	(4)	(7)	(8)	(9)	(15)	(17)	(25)	(28)
	Free cash flow	—	—	(2)	4	(1)	(22)	(43)	(8)	18	12
Balance, $m
Balance, $m	Working capital	—	—	—	(5)	(8)	86	40	0	68	346
	Total debt	—	—	—	20	34	18	27	53	52	334
	Net debt	—	—	—	9	7	(93)	(41)	(36)	(101)	(79)
	Shareholders’ equity	—	—	—	15	13	132	105	98	165	231
Returns, %
Returns, %	ROA	—	—	0.00	0.00	(7.72)	(16.04)	(16.80)	(5.73)	(1.49)	5.53
	ROIC	—	—	—	0.00	(6.99)	(35.97)	(33.31)	(12.66)	3.01	15.39
	ROE	—	—	0.00	0.00	(46.10)	(34.35)	(31.75)	(15.71)	(4.28)	17.93

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AI C3.ai, Inc.	$2.0B	— (loss-making)	— (loss-making)	−25.46% (below 0%: shrinking)	n/m	+106.02% (above 0%: growing)	31.83%	(187.62%)	Compare
FORG ForgeRock, Inc.	$2.0B	— (loss-making)	— (loss-making)	+22.25% (above 0%: growing)	n/m	+28.02% (above 0%: growing)	77.49%	(51.61%)	Compare
EVTC Evertec, Inc.	$1.9B	20.3×	10.0×	+19.69% (above 0%: growing)	−85.71% (below 0%: shrinking)	+20.64% (above 0%: growing)	54.79%	19.39%	Compare
ATEN A10 Networks, Inc.	$1.8B	40.8×	41.0×	+15.50% (above 0%: growing)	−20.00% (below 0%: shrinking)	+53.34% (above 0%: growing)	79.09%	11.26%	Compare
NN NextNav Inc.	$1.8B	— (loss-making)	— (loss-making)	−4.33% (below 0%: shrinking)	n/m	−33.14% (below 0%: shrinking)	(78.70%)	(1,760.78%)	Compare
NYAX Nayax Ltd.	$1.7B	209×	85.0×	+28.25% (above 0%: growing)	n/m	−335.31% (below 0%: shrinking)	46.86%	(5.42%)
PRGS Progress Software Corporation	$1.7B	18.6×	18.0×	−1.52% (below 0%: shrinking)	+23.27% (above 0%: growing)	+19.24% (above 0%: growing)	82.74%	18.92%	Compare
BAND Bandwidth Inc.	$1.6B	722×	157×	+22.16% (above 0%: growing)	n/m	−7.38% (below 0%: shrinking)	35.72%	(2.07%)	Compare
PGY Pagaya Technologies Ltd.	$1.5B	11.5×	10.5×	+18.58% (above 0%: growing)	+165.00% (above 0%: growing)	+33.06% (above 0%: growing)	43.49%	27.34%	Compare
Median of peers	$1.8B	20.3×	18.0×	+17.04%	+1.63%	+24.33%	49.14%	4.60%

All 173 Software Infrastructure stocks →

Nayax Ltd. (NYAX) key facts

Strength: Nayax Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $400.4 million, up 27.5% from fiscal 2024.
Nayax Ltd. (NYAX) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, NYAX traded at $45.89, a market capitalization of $1.7 billion.
Return on equity was 17.9% and debt-to-equity 1.47.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.88 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.