The combination of accelerating revenue, expanding margins, and strong forward guidance suggests Nayax is entering a high-growth profitability phase. Traders should monitor execution on the $510M+ 2026 revenue target and free cash flow conversion, which is expected to improve to ~40% of Adjusted EBITDA. The Lynkwell acquisition could accelerate growth in the high-potential EV charging vertical.
Price Chart
Executive Summary
Nayax reported strong full-year 2025 results with revenue up 27.5% to $400.4 million and a significant turnaround to net income of $35.5 million from a prior-year loss. The company achieved record profitability with Adjusted EBITDA up 72% to $61.1 million and issued bullish 2026 guidance of $510M–$520M in revenue and $85M–$90M in Adjusted EBITDA, signaling continued momentum in its recurring revenue and global expansion.
Key Financial Metrics
Key Facts
- Full-year 2025 revenue: $400.4 million, up 27.5% YoY
- Net income: $35.5 million in 2025 vs. $5.6 million net loss in 2024
- Adjusted EBITDA: $61.1 million in 2025, up 72% from $35.5 million
- Recurring revenue grew 29.2% to $287.2 million, now 72% of total revenue
- 2026 revenue guidance: $510M–$520M (27–30% growth over 2025)
- 2026 Adjusted EBITDA guidance: $85M–$90M (39–47% growth)
- Completed acquisition of AI-powered EV charging platform Lynkwell
Financial Impact
Revenue growth of 27.5% and EBITDA growth of 72% in 2025, with 2026 revenue guidance implying ~27-30% growth and EBITDA growth of ~39-47%
Risk Factors
- Forward-looking guidance is based on non-IFRS metrics and subject to macroeconomic and execution risks
- Take rate declined slightly to 2.65% in Q4, indicating pricing or mix pressure
- Reliance on M&A (e.g., Lynkwell) to meet long-term $1B revenue target
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3251733 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $48.30 $46.61 | ▼ −3.49% | ▼ −3.25% | $50.80 (+5.19%) |
Oct 2, 2026 24d ago | Insider Cluster | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.80 (+3.67%) |
Oct 1, 2026 24d ago | 6-K | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.80 (+3.67%) |
Oct 1, 2026 24d ago | Press Release | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.80 (+3.67%) |
Sep 30, 2026 26d ago | Insider Cluster | $47.71 $48.25 | ▲ +1.13% | ▲ +0.95% | $50.80 (+6.48%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.80 (+13.98%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.80 (+13.98%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.80 (+13.52%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.80 (+13.52%) |
Sep 22, 2026 4w ago | Insider Cluster | $43.33 $42.63 | ▼ −1.62% | ▼ −0.90% | $50.80 (+17.24%) |
US Market Status
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