Nayax (NASDAQ:NYAX) Issues Quarterly Earnings Results

Posted by Brenda Bartman on Aug 12th, 2026

Nayax (NASDAQ:NYAX – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05, FiscalAI reports. Nayax had a net margin of 1.74% and a return on equity of 14.98%. The firm had revenue of $122.59 million for the quarter, compared to the consensus estimate of $116.75 million.

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

Q2 revenue rose 28% to approximately $123 million, while first-half revenue increased 30% with 24% organic growth. Nayax expanded to more than 1.55 million connected devices and 125,000 customers, with net revenue retention near 120% and historically low churn.
Recurring revenue grew 24% and represented 72% of total revenue, while processing and SaaS margins improved year over year. ARPU increased 13% to $251, supported by cash-to-cashless conversion and expansion into higher-value verticals such as EV charging, amusement, and car wash.
Management reaffirmed 2026 revenue guidance of $510 million-$520 million and adjusted EBITDA guidance of $85 million-$90 million. EV momentum accelerated following the Lynkwell acquisition, and Nayax expects hardware margins to return roughly to Q1 levels in the second half.
Free cash flow guidance was reduced to 5%-10% conversion from adjusted EBITDA as Nayax accelerates investment in EV deployment, financial services infrastructure, components, and working capital. Q2 free cash flow was negative $13.1 million, while net income turned into a $10.1 million loss, partly due to $12.4 million in stock-based compensation and higher financial expenses.
Nayax filed for a Connecticut commercial innovation bank charter, which management expects could become operational in 2027 if approved after an approximately six-month review. The company also remains active in M&A and continues targeting two to three acquisitions annually, particularly in parking, mass transit, and laundry.

Nayax Stock Down 5.4%

Shares of NASDAQ NYAX traded down $2.90 during trading on Wednesday, hitting $50.97. The stock had a trading volume of 17,798 shares, compared to its average volume of 18,213. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88. The company has a market capitalization of $1.87 billion, a PE ratio of 243.00 and a beta of 0.47. The firm has a fifty day moving average of $66.31 and a two-hundred day moving average of $62.91.

Insider Activity at Nayax

In other news, CEO Carly Lisanne Furman sold 1,753 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $128,512.43. Following the completion of the sale, the chief executive officer directly owned 21,821 shares of the company’s stock, valued at $1,599,697.51. This trade represents a 7.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Michal Sever sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.32, for a total transaction of $321,600.00. Following the sale, the chief marketing officer owned 17,306 shares of the company’s stock, valued at $1,113,121.92. This trade represents a 22.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,610 shares of company stock valued at $3,481,503 over the last three months.

Institutional Investors Weigh In On Nayax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi purchased a new stake in shares of Nayax during the fourth quarter worth $302,000. Public Employees Retirement System of Ohio boosted its stake in Nayax by 9.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after buying an additional 330 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Nayax by 8.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after acquiring an additional 594 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Nayax during the fourth quarter worth about $69,000. Finally, SPX Gestao de Recursos Ltda grew its stake in Nayax by 25.4% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 23,958 shares of the company’s stock worth $1,212,000 after buying an additional 4,849 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NYAX has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group reissued a “neutral” rating and issued a $70.00 price objective on shares of Nayax in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Barclays dropped their price target on Nayax from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nayax presently has a consensus rating of “Hold” and an average price target of $75.76.

Check Out Our Latest Stock Analysis on Nayax

Nayax Company Profile

(Get Free Report)

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.