Nayax (NYAX) financial statements
Nayax reported revenue of $400M in fiscal 2025, up 38.4% a year over 5 years.
Net income was $36M and the operating margin 9.4%, against -2.8% in 2020.
Free cash flow was $35M.
The diluted share count rose 637% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nayax's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $79M | $119M | $174M | $235M | $314M | $400M |
| Cost of revenue | $42M | $71M | $113M | $147M | $172M | $207M |
| Gross profit | $37M | $48M | $60M | $88M | $142M | $193M |
| Research and development | $9M | $19M | $22M | $22M | $25M | $30M |
| Selling, general and admin | $27M | $45M | $64M | $70M | $98M | $121M |
| Operating income | -$2M | -$22M | -$34M | -$12M | $3M | $38M |
| Interest expense | $4M | $2M | $3M | $5M | $11M | $14M |
| Pre-tax income | -$6M | -$24M | -$37M | -$15M | -$4M | $35M |
| Income tax | -$15,000 | $632,000 | $451,000 | $1M | $1M | -$950,000 |
| Net income | -$6M | -$25M | -$38M | -$16M | -$6M | $36M |
| EPS (diluted) | -$0.25 | -$0.82 | -$1.14 | -$0.48 | -$0.16 | $0.94 |
| Diluted shares | 5M | 4M | 4M | 33M | 36M | 38M |
| Gross margin | 47.2% | 40.4% | 34.6% | 37.5% | 45.1% | 48.2% |
| Operating margin | -2.8% | -18.9% | -19.6% | -5.3% | 1.0% | 9.4% |
| Net margin | -7.7% | -20.8% | -21.6% | -6.7% | -1.8% | 8.9% |
Balance sheet
Fiscal years, from Nayax's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $87M | $34M | $38M | $83M | $320M |
| Receivables | — | $19M | $27M | $41M | $56M | $104M |
| Inventory | — | $8M | $24M | $21M | $20M | $29M |
| Total current assets | — | $156M | $150M | $203M | $288M | $620M |
| Property, plant and equipment | $5M | $6M | $7M | $5M | $11M | $20M |
| Total assets | — | $216M | $230M | $324M | $433M | $853M |
| Total current liabilities | — | $70M | $110M | $204M | $219M | $274M |
| Long-term debt | — | — | — | — | $0 | $314M |
| Total liabilities | — | $84M | $126M | $226M | $268M | $622M |
| Shareholders' equity | $13M | $132M | $105M | $98M | $165M | $231M |
| Net debt | -$8M | -$84M | -$30M | -$33M | -$82M | $64,000 |
Cash flow
Fiscal years, from Nayax's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $6M | -$13M | -$28M | $9M | $43M | $40M |
| Capital spending | $2M | $3M | $2M | $611,000 | $3M | $5M |
| Free cash flow | $4M | -$15M | -$29M | $8M | $40M | $35M |
| Stock-based compensation | $3M | $9M | $9M | $6M | $7M | $7M |
| Net borrowing | $4M | -$4M | -$3M | -$4M | $19M | $0 |
| Free cash flow margin | 5.5% | -13.0% | -16.8% | 3.5% | 12.7% | 8.7% |
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Open NYAX in InvestinglyQuestions
What was Nayax's revenue in 2025?
$400M in fiscal 2025, from its 10-K filing.
How much free cash flow does Nayax generate?
$35M in fiscal 2025 (operating cash flow minus capital spending).
From Nayax's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.