Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
NYAX · Nasdaq · United States · Services-Prepackaged Software
In shortNayax Ltd. is profitable, generates cash and carries moderate debt, with revenue growing (+27.5% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 9.4% | 48/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 8.9% | 55/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 17.9% | 90/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.4% | 36/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.26× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.38× | 34/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.00× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.75× | 12/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.27 | 56/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.7% | 55/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.98× | 86/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 9.6% | 76/100 |
| Operating margin volatility | 12.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 32.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 119 | 174 | 235 | 314 | 400 |
| Cost of revenue | 71 | 113 | 147 | 172 | 207 |
| Gross profit | 48 | 60 | 88 | 142 | 193 |
| Research & development | 19 | 22 | 22 | 25 | 30 |
| Selling, general & admin | 45 | 64 | 70 | 98 | 121 |
| Operating income | (22) | (34) | (12) | 3.1 | 38 |
| Interest expense | 1.7 | 3.5 | 4.8 | 11 | 14 |
| Pre-tax income | (24) | (37) | (15) | (4.4) | 35 |
| Income tax | 0.6 | 0.5 | 1.2 | 1.2 | (1) |
| Net income | (25) | (38) | (16) | (5.6) | 36 |
| Diluted EPS | −$0.82 | −$1.14 | −$0.48 | −$0.16 | $0.94 |
| Diluted shares (millions) | 3.6 | 3.8 | 33 | 36 | 38 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 3 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 3 quarters of Nayax Ltd. are included in the Investor plan. Try free for 7 days →
3.27 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 9, 2026