Nayax Reports Strong Q3 2026 Growth Driven by Recurring Revenue and IPS Acquisition
Nayax Ltd. (NYAX) reported robust third-quarter 2026 results, highlighted by a 23% year-over-year revenue increase to $128 million. The company's strategic shift toward a software-centric model is evident as recurring revenue now accounts for 73% of total revenue, up from 62% in early 2023. This growth was supported by a 26% rise in total dollar transaction value, reaching $2.2 billion. Despite the top-line strength and record gross margins of 49.6%, Nayax reported a net loss of $1.1 million compared to a profit in the prior year. This decline was attributed to increased financial expenses from interest on debt and higher stock-based compensation. The company is currently integrating its $350 million acquisition of IPS Group to accelerate expansion into the parking vertical, while also investing heavily in electric vehicle platforms.
Tickers: $NYAX
Topics: Adjusted EBITDA Gross Margin Recurring Revenue Revenue Growth