Nayax Ltd (NYAX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NYAX SEC filings page.
Nayax Ltd (NYAX) reported $400.4M in revenue for fiscal year 2025, up 27.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Nayax's dominant mechanic is growth converting into profit while expansion is financed externally and held in goodwill and receivables.
Earnings quality improved in FY2025: net income of$35.5M was accompanied by operating cash flow of$40.3M , so accounting profit broadly translated into cash rather than diverging sharply from it. Free cash flow was$35.0M , indicating reinvestment absorbed only a modest portion of that operating cash generation.
Net margin shifted from
Assets nearly doubled from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Nayax Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Nayax Ltd, and counted as zero in the overall score.
Nayax Ltd's revenue surged 27.5% year-over-year to $400.4M, reflecting rapid business expansion. This strong growth earns a score of 90/100.
Nayax Ltd carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.26, Nayax Ltd holds $2.26 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
Nayax Ltd has a free cash flow margin of 8.7%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
Not available for Nayax Ltd, and counted as zero in the overall score.
Nayax Ltd passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Nayax Ltd generates $1.13 in operating cash flow ($40.3M OCF vs $35.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Nayax Ltd held $319.5M in cash against $6.4M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
NYAX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
NYAX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $852.6M+97.0% | $432.9M+33.7% | $434.7M+66.0% | $323.9M+40.5% | $261.8M | $230.5M+6.7% | N/A | $216.0M |
| Current Assets | $620.2M+115.6% | $287.7M+41.4% | $290.8M+63.5% | $203.4M+35.2% | $177.9M | $150.5M-3.6% | N/A | $156.0M |
| Cash & Equivalents | $319.5M+284.4% | $83.1M+116.6% | $61.9M+99.4% | $38.4M+13.3% | $31.1M-25.7% | $33.9M-61.2% | $41.8M | $87.3M+965.7% |
| Inventory | $28.6M+44.6% | $19.8M-3.9% | $20.3M-11.4% | $20.6M-13.6% | $22.9M | $23.8M+209.5% | N/A | $7.7M |
| Accounts Receivable | $104.0M+86.7% | $55.7M+34.9% | $47.0M+44.8% | $41.3M+50.7% | $32.5M | $27.4M+41.8% | N/A | $19.3M |
| Goodwill | $190.5M+61.9% | $117.7M+22.1% | $113.9M+92.0% | $96.4M+74.9% | $59.3M | $55.1M+45.8% | N/A | $37.8M+38.0% |
| Total Liabilities | $621.6M+132.3% | $267.6M+18.3% | $276.0M+70.5% | $226.3M+79.8% | $161.9M | $125.9M+49.2% | N/A | $84.3M |
| Current Liabilities | $274.4M+25.0% | $219.5M+7.7% | $232.2M+53.5% | $203.8M+84.9% | $151.2M | $110.2M+57.0% | N/A | $70.2M |
| Non-Current Liabilities | $347.2M+620.8% | $48.2M+114.2% | $43.8M+311.7% | $22.5M+43.7% | $10.6M | $15.6M+10.6% | N/A | $14.1M |
| Long-Term Debt | $6.4M+57.0% | $4.1M-1.7% | $4.4M-12.8% | $4.1M-30.2% | $5.1M | $5.9M+10.2% | N/A | $5.4M+4.6% |
| Total Equity | $231.0M+39.8% | $165.2M+69.3% | $158.7M+58.8% | $97.6M-6.7% | $100.0M-14.6% | $104.6M-20.5% | $117.1M | $131.7M+953.3% |
| Retained Earnings | -$19.6M+69.0% | -$63.3M+3.5% | -$70.2M-12.2% | -$65.6M-16.0% | -$62.6M | -$56.5M-97.1% | N/A | -$28.7M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
NYAX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | $9.2M+652.6% | N/A | -$1.7M+89.1% | N/A | -$15.2M | N/A |
| Depreciation & Amortization | N/A | N/A | $5.0M+59.8% | N/A | $3.2M+63.4% | N/A | $1.9M | N/A |
| Capital Expenditures | N/A | N/A | $849K+377.0% | N/A | $178K-56.6% | N/A | $410K | N/A |
| Free Cash Flow | N/A | N/A | $8.3M+553.1% | N/A | -$1.8M+88.2% | N/A | -$15.7M | N/A |
| Investing Cash Flow | N/A | N/A | -$20.5M-243.5% | N/A | -$6.0M-30.2% | N/A | -$4.6M | N/A |
| Financing Cash Flow | N/A | N/A | $4.3M-13.0% | N/A | $4.9M+646.7% | N/A | -$898K | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
NYAX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | N/A | -3.9%+3.2pp | N/A | -7.1%+18.0pp | N/A | -25.1% | N/A |
| Return on Equity | N/A | N/A | -1.9%+2.1pp | N/A | -4.0%+4.9pp | N/A | -8.8% | N/A |
| Return on Assets | N/A | N/A | -0.7%+0.8pp | N/A | -1.5% | N/A | N/A | N/A |
| Current Ratio | 2.26+0.9x | 1.31+0.3x | 1.25+0.1x | 1.00-0.4x | 1.18 | 1.37-0.9x | N/A | 2.22 |
| Debt-to-Equity | 0.030.0x | 0.020.0x | 0.030.0x | 0.040.0x | 0.05 | 0.060.0x | N/A | 0.04-0.4x |
| Asset Turnover | N/A | N/A | 0.180.0x | N/A | 0.21 | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | 10.7%+14.0pp | N/A | -3.3%+34.7pp | N/A | -38.0% | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Nayax Ltd NYAX | FY2025 | $400.4M | $35.5M | 8.9% | $1.9B | 51/100 |
| Rezolve Ai RZLV | FY2025 | $46.8M | -$101.4M | N/A | $963.0M | 33/100 |
| CSG Systems International CSGS | FY2025 | $1.2B | $55.9M | 4.6% | $2.3B | 54/100 |
| Progress Soft PRGS | FY2025 | $977.8M | $73.1M | 7.5% | $1.7B | 55/100 |
| Flywire Corp FLYW | FY2025 | $623.0M | $13.5M | 2.2% | $2.2B | 56/100 |
| Netscout Sys Inc NTCT | FY2026 | $859.5M | $95.5M | 11.1% | $2.7B | 47/100 |
Where Nayax Ltd Ranks
Frequently Asked Questions
What is Nayax Ltd's annual revenue?
Nayax Ltd (NYAX) reported $400.4M in total revenue for fiscal year 2025. This represents a 27.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nayax Ltd's revenue growing?
Nayax Ltd (NYAX) revenue grew by 27.5% year-over-year, from $314.0M to $400.4M in fiscal year 2025.
Is Nayax Ltd profitable?
Yes, Nayax Ltd (NYAX) reported a net income of $35.5M in fiscal year 2025, with a net profit margin of 8.9%.
How much debt does Nayax Ltd have?
As of fiscal year 2025, Nayax Ltd (NYAX) had $319.5M in cash and equivalents against $6.4M in long-term debt.
What is Nayax Ltd's net profit margin?
Nayax Ltd (NYAX) had a net profit margin of 8.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Nayax Ltd's return on equity (ROE)?
Nayax Ltd (NYAX) has a return on equity of 15.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nayax Ltd's free cash flow?
Nayax Ltd (NYAX) generated $35.0M in free cash flow during fiscal year 2025. This represents a -12.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nayax Ltd's operating cash flow?
Nayax Ltd (NYAX) generated $40.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nayax Ltd's total assets?
Nayax Ltd (NYAX) had $852.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nayax Ltd's capital expenditures?
Nayax Ltd (NYAX) invested $5.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Nayax Ltd's current ratio?
Nayax Ltd (NYAX) had a current ratio of 2.26 as of fiscal year 2025, which is generally considered healthy.
What is Nayax Ltd's debt-to-equity ratio?
Nayax Ltd (NYAX) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nayax Ltd's return on assets (ROA)?
Nayax Ltd (NYAX) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nayax Ltd's P/E ratio?
Nayax Ltd (NYAX) trades at 53.9x earnings, its market capitalization divided by net income of $35.5M net income, FY2025. The market capitalization is $1.9B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nayax Ltd's price-to-sales ratio?
Nayax Ltd (NYAX) trades at 4.8x sales, its market capitalization divided by revenue of $400.4M revenue, FY2025. The market capitalization is $1.9B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nayax Ltd's Piotroski F-Score?
Nayax Ltd (NYAX) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nayax Ltd's earnings high quality?
Nayax Ltd (NYAX) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Nayax Ltd?
Nayax Ltd (NYAX) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.