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

Nayax (NASDAQ:NYAX) posted its quarterly earnings data on Wednesday. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $128.04 million during the quarter, compared to analysts’ expectations 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

Shares of NASDAQ:NYAX traded up $4.12 during mid-day trading on Wednesday, reaching $52.97. 64,287 shares of the company traded hands, compared to its average volume of 21,173. The company’s 50 day moving average price is $47.44 and its 200-day moving average price is $58.12. The firm has a market cap of $1.94 billion, a PE ratio of 252.21 and a beta of 0.46. Nayax has a 52 week low of $39.17 and a 52 week high of $76.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.12 and a quick ratio of 2.03.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Nayax news, insider Gal Omer sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 18,539 shares in the company, valued at $837,406.63. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Yair Nechmad acquired 44,148 shares of Nayax stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of $47.84 per share, with a total value of $2,112,040.32. Following the completion of the purchase, the chief executive officer owned 7,524,641 shares of the company’s stock, valued at approximately $359,978,825.44. This represents a 0.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 198,962 shares of company stock worth $8,972,432 and have sold 3,161 shares worth $146,588.

Nayax Company Profile

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.