NYAX on Nasdaq
Nayax Ltd.
Prepackaged software services company, listed on Nasdaq (NYAX). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerNYAX on Nasdaq1
- IndustryServices-Prepackaged Software1
- HeadquartersL31
- Incorporated inIsrael3
- Business address3 Arik Einstein St., Building B, 1 St Fl, Herzliya, L3 46590713
- Filer categoryLarge accelerated filer3
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LLC, located at Executive Plaza 1, 11350 McCormick Road, Suite 1004, Hunt Valley, Maryland 21031.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
48.2%Gross margin2
9.4%Operating margin2
8.9%Net margin2
27.5%Revenue growth, 20252
15.4%Return on equity2
1.36×Debt to equity2
$35.0MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 41% of the revenue Nayax Ltd. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $83.5M | $123.0M | $164.6M |
| Europe | $72.9M | $76.0M | $91.8M |
| United Kingdoms | $26.4M | $38.7M | $47.0M |
| AUMember | $22.5M | $27.5M | $31.9M |
| Latam | $3.1M | $13.7M | $25.3M |
| Israel | $13.1M | $17.0M | $22.3M |
| Rest of World | $14.0M | $18.1M | $17.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue51¢$207.5M
- Research and development7¢$30.0M
- Selling, general and admin30¢$121.3M
- Interest3¢$13.7M
- Income tax0¢$950.0K
- Profit9¢$35.5M
Out of $400.4M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending13¢$5.3M
- Kept or used elsewhere87¢$35.0M
Out of $40.3M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $400.4M | $314.0M | $235.5M |
| Cost of revenues | -$207.5M | -$172.5M | -$147.2M |
| Gross Profit | $193.0M | $141.5M | $88.3M |
| Research and development expenses | -$30.0M | -$25.4M | -$21.9M |
| Selling, general and administrative expenses | -$121.3M | -$98.2M | -$70.3M |
| Depreciation and amortization in respect of technology and capitalized development costs | -$14.2M | -$11.6M | -$6.4M |
| Other income (expenses) | $10.3M | -$2.0M | -$444.0K |
| Share of losses of equity method investees | -$226.0K | -$1.3M | -$1.6M |
| Operating Income (Loss) | $37.6M | $3.1M | -$12.4M |
| Financial Income | $10.7M | $3.4M | $2.5M |
| Financial Expense | -$13.7M | -$10.9M | -$4.8M |
| Profit (loss) before taxes on income | $34.6M | -$4.4M | -$14.7M |
| Tax benefits (expenses) | $950.0K | -$1.2M | -$1.2M |
| Profit (loss) for the period | $35.5M | -$5.6M | -$15.9M |
| Basic earnings (loss) per share | $0.96 | -$0.16 | -$0.48 |
| Diluted earnings (loss) per share | $0.94 | -$0.16 | -$0.48 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $319.5M | $83.1M | $38.4M | $33.9M |
| Restricted cash transferable to customers for processing activity | $92.0M | $60.3M | ||
| Short-term bank deposits | $1.2M | $9.3M | ||
| Receivables in respect of processing activity | $47.9M | $45.1M | ||
| Trade receivable, net | $104.0M | $55.7M | ||
| Inventory | $28.6M | $19.8M | ||
| Other current assets | $27.1M | $14.4M | ||
| Total current assets | $620.2M | $287.7M | ||
| Long-term bank deposits | $211.0K | $2.2M | ||
| Other long-term assets | $8.6M | $4.3M | ||
| Investment in associates | $0 | $3.8M | ||
| Right-of-use assets, net | $8.9M | $6.3M | $5.3M | |
| Property and equipment, net | $20.4M | $11.1M | $5.5M | |
| Goodwill and intangible assets, net | $190.5M | $117.7M | $96.4M | |
| Deferred income tax assets | $3.9M | $0 | ||
| Total non-current assets | $232.5M | $145.2M | ||
| TOTAL ASSETS | $852.6M | $432.9M | ||
| Short-term bank credit and short term loan | $0 | $25.3M | ||
| Current maturities of long-term bank loans | $3.2M | $4.0M | ||
| Current maturities of other long-term liabilities | $5.5M | $1.4M | ||
| Current maturities of leases liabilities | $3.5M | $3.0M | $2.1M | |
| Payables in respect of processing activity | $180.8M | $131.0M | ||
| Trade payables | $29.4M | $21.1M | ||
| Other payables | $52.0M | $33.9M | ||
| Total current liabilities | $274.4M | $219.5M | ||
| Long-term bank loans | $10.5M | $18.6M | ||
| Other long-term liabilities | $9.3M | $21.2M | ||
| Debentures | $314.1M | $0 | ||
| Lease liabilities | $6.4M | $4.1M | $4.1M | |
| Deferred income taxes | $6.9M | $4.3M | ||
| Total non-current liabilities | $347.2M | $48.2M | ||
| TOTAL LIABILITIES | $621.6M | $267.6M | ||
| Share capital | $9.0K | $9.0K | ||
| Additional paid in capital | $242.8M | $220.7M | ||
| Capital reserves | $7.9M | $7.8M | ||
| Accumulated deficit | -$19.6M | -$63.3M | ||
| TOTAL EQUITY | $231.0M | $165.2M | $97.6M | $104.6M |
| TOTAL LIABILITIES AND EQUITY | $852.6M | $432.9M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $319.5M | $83.1M | $38.4M | $33.9M |
| Restricted cash transferable to customers for processing activity | $92.0M | $60.3M | ||
| Short-term bank deposits | $1.2M | $9.3M | ||
| Receivables in respect of processing activity | $47.9M | $45.1M | ||
| Trade receivable, net | $104.0M | $55.7M | ||
| Inventory | $28.6M | $19.8M | ||
| Other current assets | $27.1M | $14.4M | ||
| Total current assets | $620.2M | $287.7M | ||
| Long-term bank deposits | $211.0K | $2.2M | ||
| Other long-term assets | $8.6M | $4.3M | ||
| Investment in associates | $0 | $3.8M | ||
| Right-of-use assets, net | $8.9M | $6.3M | $5.3M | |
| Property and equipment, net | $20.4M | $11.1M | $5.5M | |
| Goodwill and intangible assets, net | $190.5M | $117.7M | $96.4M | |
| Deferred income tax assets | $3.9M | $0 | ||
| Total non-current assets | $232.5M | $145.2M | ||
| TOTAL ASSETS | $852.6M | $432.9M | ||
| Short-term bank credit and short term loan | $0 | $25.3M | ||
| Current maturities of long-term bank loans | $3.2M | $4.0M | ||
| Current maturities of other long-term liabilities | $5.5M | $1.4M | ||
| Current maturities of leases liabilities | $3.5M | $3.0M | $2.1M | |
| Payables in respect of processing activity | $180.8M | $131.0M | ||
| Trade payables | $29.4M | $21.1M | ||
| Other payables | $52.0M | $33.9M | ||
| Total current liabilities | $274.4M | $219.5M | ||
| Long-term bank loans | $10.5M | $18.6M | ||
| Other long-term liabilities | $9.3M | $21.2M | ||
| Debentures | $314.1M | $0 | ||
| Lease liabilities | $6.4M | $4.1M | $4.1M | |
| Deferred income taxes | $6.9M | $4.3M | ||
| Total non-current liabilities | $347.2M | $48.2M | ||
| TOTAL LIABILITIES | $621.6M | $267.6M | ||
| Share capital | $9.0K | $9.0K | ||
| Additional paid in capital | $242.8M | $220.7M | ||
| Capital reserves | $7.9M | $7.8M | ||
| Accumulated deficit | -$19.6M | -$63.3M | ||
| TOTAL EQUITY | $231.0M | $165.2M | $97.6M | $104.6M |
| TOTAL LIABILITIES AND EQUITY | $852.6M | $432.9M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net profit (loss) for the period | $35.5M | -$5.6M | -$15.9M |
| Adjustments required to reflect the cash flow from operating activities (see Appendix A) | $4.8M | $48.5M | $24.7M |
| Net cash provided by operating activities | $40.3M | $42.9M | $8.8M |
| Capitalized development costs | -$22.8M | -$21.9M | -$15.9M |
| Acquisition of property and equipment | -$5.3M | -$3.1M | -$611.0K |
| Loans granted to related companies and others | -$9.4M | -$559.0K | -$1.4M |
| Decrease (Increase) in bank deposits | $11.1M | -$8.0M | -$2.2M |
| Interest received | $6.0M | $3.1M | $1.7M |
| Investments in financial assets and other asset | -$6.4M | -$283.0K | -$195.0K |
| Proceeds from sub-lessee | $22.0K | $243.0K | $155.0K |
| Payments for acquisitions of subsidiaries, net of cash acquired | -$39.9M | -$14.9M | -$18.3M |
| Payment of deferred consideration and contingent liability due consideration of subsidiary acquisition | -$12.1M | -$555.0K | $0 |
| Net cash used in investing activities | -$78.7M | -$45.9M | -$36.8M |
| Issuance of ordinary shares | $0 | $62.7M | $0 |
| Proceeds from issue of debentures and warrants, net | $306.8M | $0 | $0 |
| Interest paid | -$7.2M | -$4.5M | -$2.7M |
| Changes in short-term bank credit and short term loan | -$26.0M | -$23.3M | $39.1M |
| Receipt of long-term bank loans | $0 | $22.8M | $0 |
| Repayment of long-term bank loans | -$8.7M | -$3.2M | -$998.0K |
| Repayment of long-term loans from others | $0 | -$3.8M | -$3.6M |
| Repayment of other long-term liabilities | -$1.0M | -$1.1M | -$304.0K |
| Employee options exercised | $4.9M | $4.0M | $2.2M |
| Principal lease payments | -$3.0M | -$2.7M | -$2.2M |
| Net cash provided by financing activities | $265.8M | $50.8M | $31.6M |
| Increase in cash and cash equivalents | $227.4M | $47.8M | $3.5M |
| Gains (losses) from exchange differences on cash and cash equivalents | $11.2M | -$2.7M | $906.0K |
| Gains (losses) from translation of cash and cash equivalents of foreign operation | -$2.2M | -$408.0K | $82.0K |
| Depreciation and amortization | $25.5M | $21.4M | $12.5M |
| Post-employment benefit obligations, net | -$68.0K | -$17.0K | $25.0K |
| Deferred taxes | -$5.4M | -$1.4M | -$294.0K |
| Finance expenses, net | $1.8M | $6.6M | $750.0K |
| Expenses in respect of long-term employee benefits | $0 | $634.0K | $237.0K |
| Income from gaining control in subsidiary | -$12.2M | $0 | $0 |
| Share of loss of equity method investee | $226.0K | $1.3M | $1.6M |
| Long-term deferred income | $218.0K | $2.4M | -$85.0K |
| Expenses in respect of share-based compensation | $7.3M | $7.2M | $6.0M |
| Total adjustments | $17.4M | $38.0M | $20.7M |
| Increase in restricted cash transferable to customers for processing activity | -$31.6M | -$10.4M | -$15.7M |
| Increase in receivables from processing activity | -$2.8M | -$1.8M | -$17.9M |
| Increase in trade receivables | -$31.7M | -$10.7M | -$12.5M |
| Increase in other current assets | -$6.7M | -$892.0K | -$1.1M |
| Decrease (Increase) in inventory | -$5.0M | $2.1M | $3.2M |
| Increase in payables in respect of processing activity | $49.8M | $26.4M | $41.2M |
| Increase in trade payables | $4.0M | $3.4M | $1.2M |
| Increase in other payables | $11.4M | $2.5M | $5.5M |
| Total changes in operating asset and liability items | -$12.6M | $10.5M | $4.0M |
| Purchase of property and equipment on credit | $197.0K | $152.0K | $97.0K |
| Recognition of right-of-use assets through lease liabilities | $4.9M | $1.7M | $338.0K |
| Recognition of Sub lease asset | $0 | $0 | $455.0K |
| Share based payments costs attributed to development activities, capitalized as intangible assets | $855.0K | $718.0K | $825.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Nayax Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerCarly Lisanne Furman Mar 16, 2026 to now8
- Chief executive officerYair Nechmad Mar 16, 2026 to now9
- ChairYair Nechmad Mar 16, 2026 to now9
- PresidentKeren Sharir Mar 16, 2026 to now10
- Chief financial officerSagit Manor Mar 16, 2026 to now11
- Chief operating officerYaron Aharon Mar 16, 2026 to now12
Board members and other officers (14)
- CSOAaron Samuel Greenberg Mar 16, 2026 to now13
- CTO and Co FounderDavid Ben-Avi Mar 16, 2026 to now14
- CHROEden Zafrani Mar 16, 2026 to now15
- CPOErez Amnipour Mar 16, 2026 to now16
- CMOMichal Sever Mar 16, 2026 to now17
- CROOren Tepper Mar 16, 2026 to now18
- CBOTami Erel Mar 16, 2026 to now19
- Board memberDavid Ben-Avi Mar 16, 2026 to now14
- Board memberEran Havshush Mar 16, 2026 to now20
- Board memberMenachem Reuven Ben Mar 16, 2026 to now21
- Board memberNir Dor Mar 16, 2026 to now22
- Board memberRina Shafir Mar 16, 2026 to now23
- Board memberVered Raz-Avayo Mar 16, 2026 to now24
- General counselGal Omer Mar 16, 2026 to now25
Timeline
Filings
244 filings to the SEC since October 2021: 5 annual reports, 85 insider forms, 12 large holders, 142 other. The latest 20:
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20266-K EDGAR
- Sep 30, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264/A PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 24, 20264 PRIMARY DOCUMENT EDGAR
- Sep 24, 20264 PRIMARY DOCUMENT EDGAR
- Sep 22, 20264 PRIMARY DOCUMENT EDGAR
- Sep 17, 20264 PRIMARY DOCUMENT EDGAR
- Sep 16, 2026SCHEDULE 13G/A EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 8, 20264 PRIMARY DOCUMENT EDGAR
- Sep 8, 20264 PRIMARY DOCUMENT EDGAR
- Sep 8, 20264 PRIMARY DOCUMENT EDGAR
- Sep 8, 20264 PRIMARY DOCUMENT EDGAR
The 244 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
64 open-market trades by officers, directors and large owners since October 2021: 10 buys and 54 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 29, 2026 | Nechmad YairCEO, Co Founder & Chairman | Buy | 22,789 | $44.79 | $1.0M | Form 4 |
| Sep 28, 2026 | Nechmad YairCEO, Co Founder & Chairman | Buy | 24,146 | $45.01 | $1.1M | Form 4 |
| Sep 28, 2026 | Manor SagitCFO | Sale | 293 | $44.80 | $13.1K | Form 4 |
| Sep 28, 2026 | Tepper OrenCRO | Sale | 131 | $44.63 | $5.8K | Form 4 |
| Sep 28, 2026 | Sever MichalCMO | Sale | 35 | $44.63 | $1.6K | Form 4 |
| Sep 28, 2026 | Zafrani EdenCHRO | Sale | 200 | $44.63 | $8.9K | Form 4 |
| Sep 28, 2026 | Furman Carly LisanneCEO NAYX North America | Sale | 219 | $45.01 | $9.9K | Form 4 |
| Sep 28, 2026 | Greenberg Aaron SamuelCSO | Sale | 54 | $44.63 | $2.4K | Form 4 |
| Sep 24, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 600 | $43.71 | $26.2K | Form 4 |
| Sep 24, 2026 | Nechmad YairCEO, Co Founder & Chairman | Buy | 104,511 | $44.09 | $4.6M | Form 4 |
| Sep 24, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 100 | $42.09 | $4.2K | Form 4 |
| Sep 23, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 700 | $43.07 | $30.1K | Form 4 |
| Sep 23, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 700 | $43.07 | $30.1K | Form 4 |
| Sep 22, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 1,554 | $43.18 | $67.1K | Form 4 |
| Sep 22, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 1,554 | $43.18 | $67.1K | Form 4 |
| Sep 17, 2026 | Ben-Avi DavidCTO and Co Founder | Buy | 1,014 | $42.91 | $43.5K | Form 4 |
| Sep 16, 2026 | Omer GalCLO | Sale | 1,500 | $45.17 | $67.8K | Form 4 |
| Sep 8, 2026 | Tepper OrenCRO | Sale | 65 | $51.81 | $3.4K | Form 4 |
| Sep 4, 2026 | Greenberg Aaron SamuelCSO | Sale | 77 | $52.31 | $4.0K | Form 4 |
| Sep 4, 2026 | Furman Carly LisanneCEO NAYX North America | Sale | 96 | $52.31 | $5.0K | Form 4 |
All 64 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- MEITAV INVESTMENT HOUSE LTDSCHEDULE 13G/A, 2 filings Aug 10, 2026 to Sep 16, 202626
- Phoenix Financial Ltd.SCHEDULE 13G/A, 2 filings May 27, 2026 to Aug 11, 202627
- Harel Insurance Investments & Financial Services Ltd.SCHEDULE 13G/A, 2 filings Jan 20, 2026 to Jul 29, 202628
- Amir Alimelech NechmadSCHEDULE 13G/A, 6 filings Feb 13, 2023 to Feb 10, 202529
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNayax Ltd. filings on SEC EDGAR
- 2SEC EDGARNayax Ltd. 10-K for fiscal 2025
- 3SEC EDGARNayax Ltd. filings on SEC EDGAR
- 4
- 5SEC EDGARNayax Ltd. 10-K for fiscal 2020
- 6SEC EDGARNayax Ltd. 10-K for fiscal 2021
- 7SEC EDGARNayax Ltd. 10-K for fiscal 2022
- 8
- 9
- 10SEC EDGARKeren Sharir, President
- 11SEC EDGARSagit Manor, Chief financial officer
- 12
- 13SEC EDGARAaron Samuel Greenberg, CSO
- 14SEC EDGARDavid Ben-Avi, CTO and Co Founder
- 15SEC EDGAREden Zafrani, CHRO
- 16SEC EDGARErez Amnipour, CPO
- 17SEC EDGARMichal Sever, CMO
- 18SEC EDGAROren Tepper, CRO
- 19SEC EDGARTami Erel, CBO
- 20SEC EDGAREran Havshush, Board member
- 21SEC EDGARMenachem Reuven Ben, Board member
- 22SEC EDGARNir Dor, Board member
- 23SEC EDGARRina Shafir, Board member
- 24SEC EDGARVered Raz-Avayo, Board member
- 25SEC EDGARGal Omer, General counsel
- 26
- 27
- 28
- 29