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Nayax (NYAX)

Connects unattended merchants with cashless payments, IoT, and management tools.

$43.30
vs last close−0.87 (−1.97%)
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Nayax Ltd.NYAX
Information Technology

Provides cashless-payment, IoT, and management tools for unattended retail and other merchant environments. The business has widened into a commerce platform through in-house development and acquisitions, combining internally developed functionality with acquired businesses.

Enables unattended retailers and other merchants to accept cashless payments, connect devices, and manage operations through a commerce platform. The offer originated in unattended retail and combines payment services, IoT services, and management tools.

The platform has broadened through in-house development and acquisitions, adding capabilities for retail marketing, amusement, automated self-service machines, fuel and EV management, retail kiosks, and mass transit. It serves customers internationally from global offices.

Founder Yair Nechmad has been chief executive and chairman since 2005, while co-founder David Ben Avi remains chief technology officer and a director. The portfolio includes both internally developed functionality and acquired businesses.

Company facts

CEOYair Nechmad
ListedSep 21, 2022
ExchangeNASDAQ
HeadquartersHerzliya, Israel
CountryIsrael
Employees1,200
CIK0001901279
ISINIL0011751166

Market cap$1.62B
EPS (ttm)$0.2125
P/E (ttm)207.86
ROE3.6%
P/B6.59
P/S3.54
Dividend yieldDiv yield
Beta0.91vs XLK −0.18

Price target$74.90+69.6%Average of 6 analysts
ConsensusBuy4 of 6 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 17, 2026Keefe, Bruyette & WoodsUpgrade
Rating: Market Perform
Rating: Outperform
Aug 14, 2026Keefe, Bruyette & WoodsUpgrade
Rating: Market Perform
Rating: Outperform
Aug 11, 2026UBSReiterate
Rating: Target: $75
Rating: NeutralTarget: $70
Aug 11, 2026BarclaysReiterate
Rating: Target: $75
Rating: ReduceTarget: $68
Jul 8, 2026BarclaysTarget
Target: $35
Target: $75

Next report
Nov 18, 26
in 57 days
EPS estimate
$0.15
Revenue estimate
$134.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.05$0.03$0.31$0.09$0.36$0.03−$0.27Pending
Estimate$0.04$0.04$0.10$0.21$0.24$0.08$0.09$0.15
Surprise+25.0%−25.0%+208.0%−57.1%+50.0%−62.5%−398.9%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$89.0M$81.1M$95.6M$105.8M$119.5M$106.9M$122.6MPending
Estimate$85.1M$85.1M$99.0M$120.1M$120.3M$105.6M$116.7M$134.1M
Surprise+4.6%−4.7%−3.5%−11.9%−0.7%+1.2%+5.0%
Estimate$0.15
ReportedDue Nov 18, 2026
Estimate$134.1M
ReportedDue Nov 18, 2026
View details

Debt to equity146.10%
Current ratio212.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$83.0M$89.0M$81.1M$95.6M$105.8M$121.9M$105.9M$122.6M
Net income$692.0K$1.6M$7.2M$11.7M$3.6M$13.4M$1.3M−$10.1M
Net margin0.8%1.9%8.8%12.2%3.4%11.0%1.2%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$1.5M$3.6M$7.9M$9.5M$8.7M$13.3M$4.1M−$6.7M
YoY growthTurned profitTurned profitTurned profit+947.0%+501.7%+273.4%−48.1%Turned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $304.1M · Total debt $358.4M · Total assets $929.1M · Shareholders' equity $245.4M

Revenue
$122.6M
Operating income
−$6.7M
Net income
−$10.1M
View details

No dividends on record.

Institutions15.39%5.74M ADS
61 holders · as of Jun 30, 2026
Insiders60.33%22.50M ADS
15 holders · as of Sep 22, 2026
Other24.28%9.06M ADS
remainder

37.30M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Yair NechmadInsiderdirector, officer: CEO, Co Founder & Chairman
23.42%8.74M ordinaryfiled Aug 27, 2026
Nechmad Amir AlimelechInsider
18.57%6.93Mfiled Feb 10, 2025
David Ben-AviInsiderdirector, officer: CTO and Co Founder
17.67%6.59M ordinaryfiled Sep 22, 2026
Y.D. More Investments LtdInstitution
2.43%906,477 ADSas of Jun 30, 2026
Capital World InvestorsInstitution
1.87%696,111 ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 17, 2026David Ben-Avidirector, officer: CTO and Co Founder+1,014$42.91
Sep 16, 2026Gal Omerofficer: CLO−1,500$45.17
Sep 8, 2026Oren Tepperofficer: CRO−65$51.81
Sep 4, 2026Sagit Manorofficer: CFO−123$52.39
Sep 4, 2026Michal Severofficer: CMO−34$52.31
View details

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