GlobeNewswire·Nov 11, 2026, 7:30 AM ET

Nayax Reports Third Quarter 2026 Results

NYAX

Nayax reported Q3 2026 revenue of $128 million, representing a 23% year-over-year growth from $104.3 million.
The company recorded a net loss of $1.1 million for the quarter, contrasted with a net income of $3.5 million in the prior year period.
Adjusted Net Income reached $14.1 million, while Adjusted EBITDA improved to $24.2 million, reflecting a 19% margin.
Free Cash Flow generated was $10 million, achieving a 41% conversion rate from Adjusted EBITDA.
Total recurring revenue grew 21% to $93.5 million, accounting for 73% of total revenue.
POS devices revenue increased by 27% to $34.5 million, driven by strong demand for the EV platform.
Gross margin expanded to 49.6%, with the recurring margin rising to 54.8% due to improved processing margins.
Stock-based compensation expenses rose to $6.2 million, impacting operating income which fell to $3.7 million.
The company completed the acquisition of IPS Group on October 1, 2026, for $350 million to expand into smart parking.
Customer base grew 19% to 130,800, with Average Revenue Per Unit (ARPU) increasing to $255.
Total transaction value grew 25.5% to $2.2 billion, while the number of processed transactions rose 14% to 839 million.
Full-year 2026 revenue guidance is raised to $530-$540 million to include IPS Group contributions.
Full-year Adjusted EBITDA outlook is raised to $90-$95 million, incorporating the expected $5 million contribution from IPS.
Strategic partnerships were announced with Allied Electronics for US fuel retailers and Getnet for Latin American unattended businesses.
Nayax launched its Electric Mobility Business in Brazil with the VPOS Media 4 Mini terminal.
Mid-term 2028 targets include $1 billion in revenue, 50% gross margin, and 30% Adjusted EBITDA margin.
As of September 30, 2026, cash and equivalents totaled $453 million, while total debt stood at $491 million.

Company: Nayax Ltd
Keywords: Nasdaq:NYAX, Nayax Ltd