NYAX (Nayax Ltd.) Stock Financials & Earnings | Market Cap Arena

NYAX (Nayax Ltd.) Stock Financials & Earnings | Market Cap Arena

NYAXNayax Ltd.

Mkt Cap$2B

Technology·Information Technology Services·🇮🇱 Israel·NASDAQ

Revenue (TTM)$371M

Net Income (TTM)$24M

EPS (TTM)$0.65

Free Cash Flow (TTM)$25M

Gross Margin47.2%

Op. Margin8.0%

Net Margin6.5%

FCF Margin6.6%

P/S Ratio (TTM)5.8x

P/E Ratio (TTM)89.3x

YoY Rev Growth+25.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$51M	$17M	-$7M
Q1 23	$52M	$18M	-$5M
Q2 23	$56M	$21M	-$4M
Q3 23	$60M	$23M	-$1M
Q4 23	$70M	$26M	-$1M
Q1 24	$64M	$28M	-$3M
Q2 24	$78M	$35M	$909K
Q3 24	$83M	$38M	$1M
Q4 24	$89M	$41M	$4M
Q1 25	$81M	$40M	$8M
Q2 25	$96M	$46M	$10M
Q3 25	$106M	$48M	$9M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	12.4x	—
Q1 23	11.2x	—
Q2 23	10.4x	—
Q3 23	9.8x	—
Q4 23	9.0x	—
Q1 24	8.6x	—
Q2 24	7.9x	—
Q3 24	7.3x	—
Q4 24	6.8x	—
Q1 25	6.5x	331.1x
Q2 25	6.2x	101.5x
Q3 25	5.8x	89.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$3M	-$8M
Q1 23	$885K	-$3M
Q2 23	-$2M	-$6M
Q3 23	$5M	$661K
Q4 23	$5M	-$2M
Q1 24	$140K	-$4M
Q2 24	$9M	$3M
Q3 24	$17M	$10M
Q4 24	$17M	$9M
Q1 25	$1M	-$6M
Q2 25	$13M	$6M
Q3 25	$18M	$15M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$5M
Q1 23	$4M
Q2 23	$5M
Q3 23	$4M
Q4 23	$6M
Q1 24	$5M
Q2 24	$6M
Q3 24	$6M
Q4 24	$8M
Q1 25	$7M
Q2 25	$7M
Q3 25	$2M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+47.9%	+31.9%
Q1 23	+53.6%	+33.9%
Q2 23	+36.3%	+20.2%
Q3 23	+27.7%	+9.5%
Q4 23	+37.7%	+22.5%
Q1 24	+22.0%	+15.9%
Q2 24	+39.0%	+28.9%
Q3 24	+37.6%	+32.0%
Q4 24	+26.9%	+19.6%
Q1 25	+26.8%	+9.7%
Q2 25	+22.4%	+11.5%
Q3 25	+27.5%	+19.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$2M	3.4%
Q1 23	$2M	3.0%
Q2 23	$1M	2.5%
Q3 23	$1M	2.1%
Q4 23	$2M	2.5%
Q1 24	$1M	2.3%
Q2 24	$2M	1.9%
Q3 24	$3M	3.6%
Q4 24	$1M	1.4%
Q1 25	$2M	2.2%
Q2 25	$3M	2.6%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 22	$5M	$15M	$3M	—
Q1 23	$5M	—	—	$16M
Q2 23	$7M	—	—	$18M
Q3 23	$7M	—	—	$17M
Q4 23	$7M	—	—	$21M
Q1 24	$6M	—	—	$21M
Q2 24	$9M	—	—	$24M
Q3 24	$7M	—	—	$26M
Q4 24	$6M	$24M	$3M	—
Q1 25	$7M	—	—	$28M
Q2 25	$8M	—	—	$31M
Q3 25	$9M	—	—	$30M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$34M	$83K	$34M
Q1 23	$33M	$77K	$33M
Q2 23	$31M	$1M	$32M
Q3 23	$40M	$1M	$41M
Q4 23	$38M	$1M	$40M
Q1 24	$69M	$24M	$93M
Q2 24	$62M	$24M	$86M
Q3 24	$65M	$24M	$89M
Q4 24	$83M	$9M	$92M
Q1 25	$177M	$44K	$177M
Q2 25	$172M	$638K	$173M
Q3 25	$258M	$5M	$263M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	33M	+0.0%
Q1 23	33M	+0.3%
Q2 23	33M	+0.0%
Q3 23	33M	+0.0%
Q4 23	33M	+0.0%
Q1 24	34M	+2.4%
Q2 24	36M	+7.4%
Q3 24	36M	+0.5%
Q4 24	37M	+0.5%
Q1 25	37M	+0.2%
Q2 25	38M	+3.0%
Q3 25	38M	+1.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$217K	800
FY 23	$271K	870
FY 24	$278K	1K