Nayax (NASDAQ:NYAX) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Nayax (NASDAQ:NYAX) announced its quarterly earnings data on Monday. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05, FiscalAI reports. Nayax had a net margin of 6.95% and a return on equity of 14.09%. The business had revenue of $122.59 million during the quarter, compared to analyst estimates 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 Price Performance

Nayax stock opened at $62.00 on Tuesday. Nayax has a 52 week low of $39.17 and a 52 week high of $76.86. The firm has a market cap of $2.27 billion, a P/E ratio of 78.48 and a beta of 0.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 0.99. The business’s fifty day moving average is $66.60 and its two-hundred day moving average is $62.94.

More Nayax News

Here are the key news stories impacting Nayax this week:

• Positive Sentiment: Second-quarter revenue rose 28.2% year over year to $122.6 million, exceeding the $116.75 million analyst estimate. Adjusted EPS was $0.14 versus the $0.09 consensus forecast. Nayax Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth remained broad-based: recurring revenue increased 24%, transaction value climbed 29.1% to $2.1 billion, connected devices reached 1.55 million and customers grew nearly 20% to 125,400. Adjusted EBITDA increased to $14.1 million. Nayax Reports Second Quarter 2026 Results
• Positive Sentiment: Management reaffirmed 2026 revenue guidance of $510 million-$520 million and adjusted EBITDA guidance of $85 million-$90 million. The company is also pursuing a U.S. bank charter and expanding embedded financial services, EV charging and AI-enabled products.
• Positive Sentiment: Brokerages maintain a favorable outlook, with the latest report citing an average price target of $78.16, above the recent trading level. Nayax Receives $78.16 Average Price Target
• Neutral Sentiment: The quarter’s growth was partly acquisition-driven, with $6.5 million of revenue from recent acquisitions. Nayax also holds substantial liquidity, including roughly $304 million in cash and short-term deposits, against $349 million of debt.
• Negative Sentiment: Nayax reported a $10.1 million net loss, or a $0.269 basic loss per share, compared with $11.7 million of net income a year earlier. The loss was largely tied to $12.4 million of stock-based compensation and higher interest and foreign-exchange expenses.
• Negative Sentiment: Free cash flow was negative $13.1 million, prompting management to reduce expected 2026 free-cash-flow conversion from approximately 40% of adjusted EBITDA to just 5%-10%. Hardware gross margin also fell to 28.1% from 35.4%, partly due to product mix and freight costs.
• Negative Sentiment: Investors may remain cautious because the company plans significant additional investment, has issued sizable new incentive awards and expects approximately $4.5 million of accelerated expenses related to its Brazil acquisition in the third quarter.

Wall Street Analysts Forecast Growth

NYAX has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a $79.80 price target on shares of Nayax in a research note on Thursday, May 14th. Oppenheimer raised Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, May 27th. Wall Street Zen cut Nayax from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. UBS Group upped their target price on Nayax from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, Barclays reaffirmed a “reduce” rating and issued a $68.00 target price on shares of Nayax in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nayax presently has a consensus rating of “Hold” and a consensus price target of $76.76.

Insiders Place Their Bets

In related news, President Keren Sharir sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $71.80, for a total value of $323,100.00. Following the completion of the transaction, the president owned 26,876 shares in the company, valued at $1,929,696.80. The trade was a 14.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sagit Manor sold 1,252 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $66.74, for a total value of $83,558.48. Following the transaction, the chief financial officer directly owned 45,238 shares in the company, valued at approximately $3,019,184.12. This represents a 2.69% decrease in their position. 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. Insiders sold a total of 47,629 shares of company stock valued at $3,482,786 over the last three months.

Institutional Investors Weigh In On Nayax

A number of institutional investors and hedge funds have recently made changes to their positions in NYAX. Bank of America Corp DE increased its position in Nayax by 920.4% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $44,000 after purchasing an additional 1,353 shares during the period. Goldman Sachs Group Inc. lifted its position in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock valued at $9,966,000 after purchasing an additional 89,886 shares during the period. Geode Capital Management LLC boosted its stake in shares of Nayax by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,511 shares of the company’s stock valued at $1,685,000 after purchasing an additional 5,523 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Nayax by 18.6% in the 2nd quarter. Legal & General Group Plc now owns 14,087 shares of the company’s stock valued at $711,000 after purchasing an additional 2,214 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Institutional investors 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.