GlobeNewswire·Aug 10, 2026, 7:30 AM ET

Nayax Reports Second Quarter 2026 Results

NYAX

Nayax reported Q2 2026 revenue of $123 million, representing a 28% year-over-year increase.
Year-to-date organic revenue growth reached 24%, while quarterly organic growth was 21.4%.
The company recorded an adjusted net income of $6 million, contrasting with a reported net loss of $10.1 million driven by $12.4 million in stock-based compensation expenses.
Adjusted EBITDA rose to $14.1 million, or 12% of revenue, compared to $12.6 million in the prior-year period.
Total recurring revenue grew 24% to $87.7 million, accounting for 72% of total revenue.
POS devices revenue surged 40.2% to $34.9 million, though hardware margins declined to 28.1% due to product mix shifts toward Lynkwell.
The installed base of devices surpassed 1.55 million, with the customer base expanding to 125,400.
Free Cash Flow for the quarter was negative $13.1 million due to investments in long-term growth initiatives.
As of June 30, 2026, the company held $304 million in cash and cash equivalents against $349 million in debt.
Nayax reaffirmed its 2026 full-year revenue guidance of $510 million to $520 million and adjusted EBITDA guidance of $85 million to $90 million.
The company revised its 2026 free cash flow conversion guidance to 5-10% from a previous projection of 40% to reflect accelerated investments.
Recent strategic moves include applying for a U.S. bank charter, launching the "Yellow Account" embedded banking product, and expanding operations in Panama, North Macedonia, Japan, Brazil, Hong Kong, and Latin America.
The company initiated the "Diamond Plan," a $48 million senior leadership stock-based incentive plan, alongside a long-term plan for co-founders.
Total transaction value grew 29.1% to $2.1 billion, while the number of processed transactions increased 12.3% to 815 million.
An amendment regarding the Brazilian acquisition reduced contingent liabilities to a fixed cash payment of approximately $6.8 million.