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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Nayax Ltd., an Israeli fintech company established in 2005, operates a global payment and operational platform, providing comprehensive solutions primarily for unattended and automated points of sale. The company’s diverse product lineup includes various advanced payment terminals and telemetry devices. Key offerings range from the versatile VPOS TOUCH, which facilitates both contactless and traditional contact payments, and the cashless VPOS FUSION card reader, to the ONYX device, integrating contactless payment capabilities with telemetry.
How they make money
Nayax operates a global commerce enablement and payment platform that generates revenue through a combination of recurring SaaS subscription fees for its management software and transaction processing fees. The company also sells mission-critical point-of-sale hardware devices that connect merchants to its payment ecosystem, creating a recurring revenue stream as transaction volumes grow.
Products & services
Nayax provides an integrated platform including payment processing, point-of-sale hardware, telemetry, remote management software, and loyalty programs for unattended and attended retail businesses.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company does not disclose specific customer concentration figures in its 2025 Annual Report.
Suppliers, materials & equipment
Contract Manufacturers — The company relies on third-party contract manufacturers for the production of its hardware devices; specific supplier names are not disclosed.Source
Business relationships & partnerships
Autel Energy — A strategic partnership to integrate Nayax's payment solutions with Autel Energy's electric vehicle charging infrastructure.Source
Strengths
Proprietary data moat from connected devicesSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS turned negative at -0.27 versus 0.31 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Total debt increased 121.7% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
37
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
58
Fair
Financial Strength
35
Business Quality / Moat
100
Management
65
Growth Quality
55
Risk / Durability
16
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
26
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Asset quality scores strongly
What to watch
•M&A headline · Oct 1, 2026
•M&A headline · Aug 26, 2026
•M&A headline · Aug 25, 2026
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for NYAX
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can NYAX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is NYAX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Does NYAX's balance between cash and debt leave enough flexibility if business conditions weaken?
•What future growth or profitability would be needed to justify NYAX's current valuation?
•What does the current fundamental change risk warning mean for the reliability or interpretation of NYAX's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NYAX
Detected from reported data — verify before acting.
M&A headline · Oct 1, 2026
Nayax Completes Acquisition of IPS Group — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Nayax Targets Parking Market With $350M IPS Group Acquisition — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Nayax Enters into Definitive Agreement to Acquire IPS Group, a Leading Smart Parking Technology Provider — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Proprietary data moat from connected devices.
+Recurring revenue model.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Infrastructure industry.
−Dependence on third-party payment processors and merchant acquirers.
−Risks associated with international operations and foreign exchange fluctuations.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak37/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
30
Debt Cost4.4%
Debt Reduction YoY-515.1%
Debt / Equity1.46x
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Revenue
Poor
29
Revenue YoY5.3%
Revenue CAGR35.7%
Net Margin1.8%
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Asset
Strong
71
Asset Growth YoY97.0%
Liquidation/Share$6.52
Net Assets/MCap0.34x
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Capital
Poor
2
Earnings Yield0.5%
Buyback Yield0.0%
Debt Cost4.4%
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Management
Fair
65
ROIC9.9%
ROE3.3%
ROA0.9%
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Moat
Elite
100
EPS Growth—
FCF/Share Growth275.0%
Rev/Share Growth32.8%
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Valuation
Poor
0
Intrinsic Value$8.43
Value Reference$5.06
MOS-474.9%
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Buffett
Weak
49
Revenue29
Moat100
Valuation0
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MOS
Poor
0
MOS %-474.9%
Value Reference$5.06
Deep Discount Reference$3.37
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Financial
Poor
32
Interest Coverage2.0x
ROIC9.9%
FCF Yield4.2%
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Master
Poor
35
Financial32
Valuation0
Debt30
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Resilience
Fair
65
Survival Years2.7 yrs
Current Ratio2.26x
FCF Margin16.3%
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Score Changes
3 historical score records available
Previous Score
37
Oct 1, 2026
Change
+0.1
points
Current Score
37
Oct 8, 2026
Category Changes
Revenue+0.2
Debt0
Assets+0.5
Capital0
Management0
Moat0
Valuation0
Buffett+0.1
NYAX increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
30
Projected Change
-6.8 points
Preliminary comparable-period financial changes suggest decline of approximately 6.8 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
Revenue
$456.2M
$433.5M
$314.0M
$235.5M
····
····
····
····
····
Cost of Revenue
$249.8M
$239.9M
$172.5M
$147.2M
····
····
····
····
····
Gross Profit
$206.5M
$193.5M
$141.5M
$88.3M
····
····
····
····
····
Research & Development
$37.9M
$32.4M
$25.4M
$28.4M
····
····
····
····
····
SG&A Expenses
$148.6M
$131.3M
$78.0M
$70.3M
····
····
····
····
····
Operating Expenses
$187.0M
$163.7M
$138.4M
$100.7M
····
····
····
····
····
EBITDA
$53.5M
$79.8M
$23.7M
$2.1M
····
····
····
····
····
Operating Income
$19.4M
$29.8M
$3.1M
-$12.4M
····
····
····
····
····
Interest Expense
$17.1M
$14.8M
$8.4M
$2.8M
····
····
····
····
····
Income Before Tax
$7.7M
$37.4M
-$4.4M
-$14.7M
····
····
····
····
····
Income Tax Expense
-$447K
-$1.0M
$1.2M
$1.2M
····
····
····
····
····
Net Income
$8.2M
$38.4M
-$5.6M
-$15.9M
····
····
····
····
····
Basic EPS
$0.22
$1.04
$-0.16
$-0.48
····
····
····
····
····
Basic Shares
37.58M
36.98M
35.76M
33.15M
····
····
····
····
····
Diluted Shares
37.58M
37.65M
35.76M
33.15M
····
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 28.2%. EPS declined 187.1%. Cash increased 75.8%. Total debt increased 121.7%. Net income margin declined by 20.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
$———.——
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10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.