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Nayax Reports First Quarter 2026 Results

NYAX
  • Nayax reported first quarter 2026 revenue of $106.9 million, a 32% increase year-over-year, with organic revenue growth of 26%.
  • Net income for the quarter was $1.3 million, while Adjusted EBITDA rose 43% to $13.9 million, representing 13% of revenue.
  • The company reaffirmed its full year 2026 revenue guidance of $510 million to $520 million and Adjusted EBITDA guidance of $85 million to $90 million.
  • Recurring revenue, comprising SaaS and payment processing fees, grew 27% to $79.3 million, accounting for 74% of total revenue.
  • POS devices revenue increased 46% to $27.6 million, though hardware margins declined to 33.1% due to marketing promotions for new devices.
  • Total transaction value grew 33% to $1.8 billion, processed transactions increased 16% to 759 million, and the take rate remained at 2.66%.
  • The installed base of managed devices surpassed 1.5 million, and the customer base grew 20% to 120,000, with average revenue per unit (ARPU) rising to $247.
  • The company announced a partnership with E-Plug to power EV charging expansion, integrating Nayax payment technology with Lynkwell's charging management platform.
  • Free Cash Flow for the quarter was negative $6.0 million, primarily driven by increased infrastructure investment and cash settlement timing.
  • As of March 31, 2026, the company held $306.2 million in cash equivalents and short-term deposits, with total debt balances at $325.3 million.
  • Financial expenses increased by $2.9 million compared to the prior year due to interest expenses on bond offerings completed in 2025.
  • Adjusted OPEX was $38.9 million, or 36% of revenue, including a full quarter of Lynkwell expenses.