Nayax (NASDAQ:NYAX) Posts Earnings Results, Beats Estimates By $0.19 EPS

Nayax (NASDAQ:NYAX) announced its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.19, FiscalAI reports. Nayax had a return on equity of 14.59% and a net margin of 0.68%. The firm had revenue of $128.04 million for the quarter, compared to analyst estimates 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 down $1.21 during trading on Friday, reaching $50.97. The stock had a trading volume of 22,546 shares, compared to its average volume of 21,301. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.03 and a current ratio of 2.12. The business has a fifty day moving average price of $47.40 and a 200-day moving average price of $58.05. The stock has a market cap of $1.87 billion, a PE ratio of 566.33 and a beta of 0.46. Nayax has a 1-year low of $39.17 and a 1-year high of $76.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Nayax from $68.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods raised shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday, August 14th. Weiss Ratings upgraded shares of Nayax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Jefferies Financial Group began coverage on shares of Nayax in a research note on Wednesday, October 7th. They set a “buy” rating and a $68.30 target price for the company. Finally, UBS Group reduced their price target on shares of Nayax from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.06.

Insider Buying and Selling

In other news, CEO Yair Nechmad acquired 44,148 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of $47.84 per share, for a total transaction of $2,112,040.32. Following the acquisition, the chief executive officer owned 7,524,641 shares of the company’s stock, valued at approximately $359,978,825.44. This trade represents a 0.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Ben-Avi bought 700 shares of the stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average cost of $43.07 per share, for a total transaction of $30,149.00. Following the purchase, the insider owned 6,592,402 shares in the company, valued at $283,934,754.14. The trade was a 0.01% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 198,962 shares of company stock worth $8,972,432 and sold 3,141 shares worth $145,536.

Latest Nayax News

Here’s some of the latest news about NYAX:

• Positive Sentiment: Q3 adjusted earnings were $0.34 per share, above the $0.15 consensus and up from $0.09 a year earlier. The earnings beat and reported margin gains are supportive signals. Nayax Surpasses Q3 Earnings Estimates
• Neutral Sentiment: Coverage raised questions about whether Q3 performance and the IPS Group acquisition make Nayax undervalued, while another article highlighted uncertainty around cash flow. The acquisition could offer growth potential, but the available reports do not establish its financial impact. Valuation and IPS Group acquisition Cash flow analysis
• Negative Sentiment: Revenue of $128.04 million missed the $134.35 million consensus, tempering the earnings beat. Barclays cut its price target from $68 to $60 and UBS lowered its target from $70 to $66; both maintained neutral or equal-weight ratings. The target cuts signal more cautious expectations, despite both targets remaining above the recent share price. Q3 margin gains and revenue miss UBS price target Barclays price target

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.