Nayax Ltd. (NYAX) Income Statement
NYAX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNYAX revenue and net income
Where NYAX's revenue goes
2025Each bar shows an amount and its share of revenue. NYAX kept 8.9% of revenue as net income.
NYAX profit margins
NYAX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +38.0% | +35.7% | +40.6% | — |
| Gross profit | +36.7% | +47.7% | +39.1% | — |
| Operating income | +859.7% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NYAX quarterly EPS vs estimates
Nayax beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 18, 2026 (estimate $0.15).
NYAX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $433.5M | $314.0M | $235.5M | $173.5M | $119.1M | $78.8M | $63.6M | $48.7M |
| Cost of revenue | $239.9M | $172.5M | $147.2M | $113.5M | $71.0M | $41.6M | $37.1M | $27.4M |
| Gross profit | $193.5M | $141.5M | $88.3M | $60.0M | $48.2M | $37.2M | $26.6M | $21.3M |
| Research & development | $32.4M | $25.4M | $28.4M | $22.1M | $19.0M | $9.3M | $7.3M | $4.8M |
| Sales, general & admin | $95.6M | $78.0M | $70.3M | $64.1M | $38.0M | $21.8M | $16.4M | $11.5M |
| Total operating expenses | $163.7M | $138.4M | $100.7M | $94.1M | $70.6M | $39.4M | $29.6M | $19.9M |
| Operating income | $29.8M | $3.1M | −$12.4M | −$34.0M | −$22.5M | −$2.2M | −$3.1M | $1.3M |
| Interest income | $6.2M | $3.1M | $17,000 | $0 | $2,000 | $14,000 | $9,000 | $0 |
| Interest expense | $14.8M | $8.4M | $2.8M | $1.4M | $1.8M | $1.9M | $1.3M | $1.3M |
| Income before taxes | $37.4M | −$4.4M | −$14.7M | −$37.1M | −$24.1M | −$6.1M | −$5.6M | −$3.7M |
| Income taxes | −$1.0M | $1.2M | $1.2M | $451,000 | $632,000 | −$15,000 | −$143,000 | −$47,000 |
| Net income | $38.4M | −$5.6M | −$15.9M | −$37.5M | −$24.8M | −$6.3M | −$5.3M | −$3.7M |
| EBITDA | $79.8M | $23.7M | $2.1M | −$23.2M | −$15.2M | $1.3M | $284,000 | $385,000 |
| EPS (diluted) | $0.68 | −$0.36 | −$0.48 | −$0.84 | −$0.73 | −$0.19 | — | — |
| Gross margin | 44.7% | 45.1% | 37.5% | 34.6% | 40.4% | 47.2% | 41.7% | 43.7% |
| Operating margin | 6.9% | 1.0% | −5.3% | −19.6% | −18.9% | −2.8% | −4.9% | 2.7% |
| Net margin | 8.9% | −1.8% | −6.7% | −21.6% | −20.8% | −7.9% | −8.3% | −7.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $122.6M | $105.9M | $121.9M | $105.8M | $95.6M | $81.1M | $89.0M | $83.0M | $78.1M | $64.0M | $70.1M | $60.3M |
| Cost of revenue | $65.1M | $57.9M | $69.1M | $57.7M | $49.4M | $41.2M | $48.0M | $45.0M | $43.5M | $36.0M | $44.0M | $37.4M |
| Gross profit | $57.4M | $48.0M | $52.9M | $48.1M | $46.2M | $39.9M | $41.0M | $38.0M | $34.6M | $28.0M | $26.1M | $23.0M |
| Research & development | $14.7M | $7.9M | $6.4M | $8.9M | $7.7M | $7.2M | $5.8M | $6.9M | $9.2M | $6.3M | $6.9M | $7.1M |
| Sales, general & admin | $48.9M | $36.3M | $6.9M | $30.0M | $31.2M | $27.5M | $26.8M | $26.1M | $23.8M | $21.5M | $7.1M | $7.1M |
| Total operating expenses | $64.1M | $43.9M | $39.6M | $39.4M | $36.7M | $32.0M | $37.4M | $36.5M | $33.7M | $30.8M | $27.4M | $24.4M |
| Operating income | −$6.7M | $4.1M | $13.3M | $8.7M | $9.5M | $7.9M | $3.6M | $1.5M | $909,000 | −$2.8M | −$1.3M | −$1.5M |
| Interest income | $4.4M | $3.0M | $2.2M | $1.7M | $6.1M | $1.8M | — | $1.1M | $652,000 | $437,000 | — | — |
| Interest expense | $1.8M | $6.3M | $4.0M | $5.0M | $3.6M | $2.3M | $393,000 | $329,000 | $3.6M | $2.8M | $1.4M | $1.2M |
| Income before taxes | −$8.4M | $720,584 | $10.8M | $4.6M | $12.0M | $7.4M | $2.4M | $1.1M | −$2.7M | −$5.2M | −$3.1M | −$2.7M |
| Income taxes | $1.7M | −$548,120 | −$2.6M | $1.0M | $333,000 | $246,000 | $734,000 | $431,000 | $321,000 | −$239,000 | $364,217 | $384,000 |
| Net income | −$10.1M | $1.3M | $13.4M | $3.6M | $11.7M | $7.2M | $1.6M | $692,000 | −$3.0M | −$5.0M | −$3.5M | −$3.1M |
| EBITDA | $922,000 | $14.1M | $21.9M | $16.6M | $21.6M | $15.4M | $9.5M | $7.4M | $6.1M | $2.1M | $1.9M | $1.7M |
| EPS (diluted) | $0.14 | $0.04 | $0.37 | $0.11 | $0.17 | $0.03 | −$0.16 | $0.02 | −$0.07 | −$0.15 | −$0.10 | −$0.09 |
| Gross margin | 46.9% | 45.3% | 43.4% | 45.5% | 48.3% | 49.2% | 46.1% | 45.7% | 44.3% | 43.8% | 37.2% | 38.1% |
| Operating margin | −5.4% | 3.9% | 10.9% | 8.3% | 10.0% | 9.7% | 4.0% | 1.7% | 1.2% | −4.4% | −1.9% | −2.4% |
| Net margin | −8.3% | 1.2% | 11.0% | 3.4% | 12.2% | 8.8% | 1.9% | 0.8% | −3.9% | −7.7% | −4.9% | −5.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NYAX's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NYAX financial results
In fiscal year 2025 (ended December 31, 2025), Nayax reported revenue of $433.5 million, up 38.0% from the year before. It had net income of $38.4 million, a net profit margin of 8.9%. Diluted earnings per share came to $0.68. Over five years revenue grew at an average rate of 40.6% a year.
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NYAX income statement FAQ
What is Nayax's annual revenue?
Nayax reported total revenue of $433.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 38.0% from $314.0 million the previous year.
Is Nayax profitable?
Yes. Nayax reported net income of $38.4 million in fiscal 2025, a net profit margin of 8.9%; its operating margin was 6.9%.
What is Nayax's gross margin?
Nayax's gross margin was 44.7% in fiscal 2025: for every $100 of revenue, Nayax kept $45 after the direct cost of its products and services.
How much does Nayax spend on research and development?
Nayax spent $32.4 million on research and development in fiscal 2025, 7.5% of revenue.
How fast is Nayax growing?
Revenue grew 40.6% a year on average over the last five fiscal years, from $78.8 million to $433.5 million.
What are Nayax's earnings per share?
Nayax earned $0.68 per diluted share in fiscal 2025, compared with $-0.36 a year earlier.
When will Nayax report its next earnings?
Nayax is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 after the market closes.
When does Nayax's fiscal year end?
Nayax's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.