Nayax (NASDAQ:NYAX) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Nayax (NASDAQ:NYAX) issued its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05), FiscalAI reports. The company had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Nayax had a net margin of 8.87% and a return on equity of 11.60%.

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

• Nayax delivered a strong Q1, with revenue up 32% to $107 million, organic growth of 26%, and adjusted EBITDA margin expanding to 13%. Management said it is reaffirming full-year 2026 guidance.
• The company’s platform scale continued to grow, with the installed base surpassing 1.5 million connected devices and the customer count reaching 120,000. Total transaction value rose 33% to about $1.8 billion, supporting the recurring revenue model.
• Profitability metrics improved, including recurring revenue up 27% and representing about 74% of total revenue. Nayax highlighted stronger processing margins near 40% and higher ARPU of $247, up 14%, driven by cashless conversion and higher-value verticals like EV charging, amusement, and car wash.
• Hardware sales were robust, rising 46% to about $28 million, helped by demand for the VPOS Media PIN-on-glass devices in Europe and broader market share gains. Management said hardware margins were temporarily pressured by promotions, but expects them to remain around current levels or slightly higher.
• Management described several growth initiatives, including the Lynkwell EV platform, Yello embedded banking in pilot, expansion in Brazil, and more use of AI across products and operations. The company also said its M&A pipeline is active and that it expects inorganic growth to contribute over time.

Nayax Price Performance

Shares of NYAX stock traded up $2.18 during mid-day trading on Tuesday, hitting $71.28. 14,430 shares of the stock were exchanged, compared to its average volume of 17,073. The firm has a fifty day moving average of $60.98 and a 200 day moving average of $53.65. The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.43. Nayax has a 52-week low of $37.95 and a 52-week high of $74.83. The company has a market cap of $2.61 billion, a PE ratio of 75.03 and a beta of 0.39.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NYAX. Keefe, Bruyette & Woods boosted their price objective on shares of Nayax from $52.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 10th. Zacks Research raised Nayax from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nayax in a report on Thursday, January 22nd. Finally, William Blair reiterated an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nayax presently has an average rating of “Hold” and a consensus price target of $51.67.

Insider Activity

In other Nayax news, CFO Sagit Manor sold 1,754 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total value of $112,150.76. Following the sale, the chief financial officer directly owned 47,523 shares of the company’s stock, valued at approximately $3,038,620.62. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 1,002 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the sale, the insider owned 25,753 shares of the company’s stock, valued at $1,646,646.82. This trade represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 3,032 shares of company stock valued at $195,657.

Institutional Trading of Nayax

Several institutional investors have recently modified their holdings of NYAX. Vanguard Group Inc. raised its position in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after purchasing an additional 535,476 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Nayax by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Nayax in the second quarter valued at approximately $2,649,000. New York State Common Retirement Fund acquired a new stake in shares of Nayax in the fourth quarter worth approximately $967,000. Finally, Amundi purchased a new stake in shares of Nayax during the fourth quarter worth approximately $302,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Nayax

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.