We recently compiled a list of the 11 Technology Stocks with Insider Buying in 2026. Nayax Ltd. (NASDAQ:NYAX) is one of the stocks with insider buying on this list. TheFly reported on March 13 that Jefferies updated its price target for NYAX to ILS 210 from ILS 198, maintaining a Buy rating. The firm highlighted strong revenue growth exceeding 20% and continued market share gains, noting potential for increased efficiency and cash generation following the Q4 results. More recently, on March 16, 2026, Na ...

Partnership combines Nayax's payment technology with Lynkwell's charging management platform, enabling Energy Plus to manage, monetize, and scale its US network from a single integrated solutionHERZLIYA, Israel, March 16, 2026 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and maximizing loyalty, today announced a strategic partnership with E-Plug, an Energy Plus NY (Energy ...

Financial Data and Key Metrics Changes - In 2025, the company achieved a net income of $35.5 million, a significant turnaround from a loss the previous year, marking a milestone in profitability [5][33] - Total revenue reached $400 million, representing a 28% year-over-year growth, with approximately 24% being organic growth [34] - Recurring revenue grew by 29% to approximately $287 million, constituting 72% of total revenue [34][33] - Average revenue per unit (ARPU) increased to approximately $239, an 11% year-over-year rise [35] - Gross margin improved to 48.2% from 45.1%, while adjusted EBITDA margin reached 15.3% [37][38] Business Line Data and Key Metrics Changes - Hardware revenue was approximately $113 million, with over 200,000 devices added during the year, bringing the total installed base to approximately 1.46 million devices [36] - Processing revenue increased by 30% to approximately $174 million, driven by a higher number of transactions across the connected device base [34] - The average transaction value (ATV) rose to $2.25 from $2.05, reflecting growth in higher-value verticals such as EV charging and amusement [34] Market Data and Key Metrics Changes - The company operates in over 40 automated self-service verticals globally, with significant growth opportunities in EV charging, parking, and amusement sectors [12][30] - Cashless penetration in automated self-service environments remains low, particularly in regions like Latin America and Asia, indicating substantial growth potential [15][16] - The installed device base in Brazil doubled year-over-year, highlighting strong local infrastructure for continued regional expansion [16] Company Strategy and Development Direction - The company aims to achieve $1 billion in revenue, focusing on vertical payment solutions that integrate hardware, software, and payment infrastructure [7][12] - Recent acquisitions, including Lynkwell and UPPay, are intended to enhance geographic reach and technological capabilities, supporting long-term growth [19][24] - The company is prioritizing segments such as parking, mass transit, and laundry for future acquisitions to strengthen its payment offerings [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain strong operating drivers, expecting revenue growth to be supported by an expanding installed base and increased transaction activity [43][45] - The net revenue retention rate is expected to remain strong at around 120%, reflecting the value of the company's technology and customer relationships [17][84] - The company anticipates free cash flow conversion to improve significantly in 2026, driven by the normalization of working capital investments [41][46] Other Important Information - The company has a strong balance sheet with over $300 million in cash, allowing for strategic M&A opportunities [31] - The company is focused on increasing revenue per employee to $1 million over the next several years through resource optimization and AI [16] Q&A Session Summary Question: Details on hardware deployments and future recurring revenue growth - Management noted that strong hardware sales in Q4 were driven by organic growth, particularly in the EV segment, which supports future recurring revenue [51][52] Question: Expectations for gross margin in 2026 - Management expects to maintain high gross margins in 2026, driven by improved processing and hardware margins [55][56] Question: Acquisition targets for 2026 - The company plans to continue targeting two to three acquisitions per year, with a strong pipeline of potential targets [58][60] Question: Revenue mix between traditional and higher-value verticals - Management indicated that higher-growth verticals like EV charging and amusement are expanding faster than traditional vending, diversifying the revenue mix [64][65] Question: Opportunities in Asia Pacific markets - The company sees significant opportunities in Japan, with investments made to prepare for market entry [66][67] Question: ARPU expansion from existing products and services - Management highlighted that ARPU growth will come from processing growth and additional value-added services, including embedded financial services [71][72]

Financial Data and Key Metrics Changes - In 2025, the company achieved a net income of $35.5 million, a significant turnaround from a loss the previous year, marking a historic milestone for profitability [5][33] - Total revenue reached $400 million, reflecting a 28% year-over-year growth, with approximately 24% being organic growth [34] - Recurring revenue grew by 29% to approximately $287 million, representing 72% of total revenue [34][33] - Average revenue per unit (ARPU) increased to approximately $239, an 11% year-over-year rise [35] - Gross margin improved to 48.2% from 45.1%, while adjusted EBITDA margin reached 15.3% [37][38] Business Line Data and Key Metrics Changes - The installed base expanded to approximately 1.46 million managed and connected devices, serving around 115,000 customers globally [33] - Processing revenue increased by 30% to approximately $174 million, driven by a higher number of transactions across the connected device base [34] - Average transaction value (ATV) rose to $2.25 from $2.05, indicating growth in higher value verticals such as EV charging and amusement [34] Market Data and Key Metrics Changes - The company operates in over 120 countries and serves more than 40 automated self-service verticals globally [13] - Cashless penetration in automated self-service environments remains low, presenting significant growth opportunities [8][16] - The company is focusing on expanding in Latin America, particularly Brazil and Mexico, where cashless demand is increasing [15][16] Company Strategy and Development Direction - The company aims to achieve $1 billion in revenue, driven by a recurring revenue model and strategic acquisitions [7][8] - Recent acquisitions, including Lynkwell and UPPay, are intended to enhance geographic reach and technological capabilities [19][24] - The strategy emphasizes vertical payment solutions, integrating hardware, software, and payment infrastructure to strengthen customer relationships and retention [12][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain growth, citing a strong balance sheet with over $300 million in cash [31][39] - The outlook for 2026 includes revenue guidance of $510 million to $520 million, with expected organic growth of 22% to 25% [45] - The company anticipates further improvement in profitability, with adjusted EBITDA margins projected around 17% [45] Other Important Information - The company is focused on increasing revenue per employee to $1 million over the next several years through resource optimization and AI [16] - Free cash flow for 2025 was approximately $12 million, with expectations for significant improvement in 2026 [41][46] Q&A Session Summary Question: Details on hardware deployments and future recurring revenue growth - Management noted strong hardware sales in Q4, driven by organic growth, particularly in the EV segment, which supports future recurring revenue [51][52] Question: Expectations for gross margin in 2026 - Management expects to maintain high gross margins, with continued growth in processing and hardware margins [55][56] Question: Acquisition targets for 2026 - The company plans to pursue 2 to 3 acquisitions per year, leveraging its strong cash position for strategic opportunities [58][60] Question: Revenue mix between traditional and higher value verticals - Higher growth verticals like EV charging and amusement are expected to contribute more to revenue, diversifying the mix away from traditional vending [64][65] Question: Opportunities in Asia Pacific markets - Significant opportunities are seen in Japan, with investments made to prepare for market entry [66][68] Question: ARPU expansion from existing products and services - Future ARPU growth is expected from processing growth and additional value-added services, including embedded financial services [70][72]

Financial Data and Key Metrics Changes - In 2025, the company achieved a net income of $35.5 million, a significant turnaround from a loss the previous year, marking a historic inflection point for profitability [5][23] - Total revenue reached $400 million, representing a 28% year-over-year growth, with approximately 24% being organic growth [24] - Recurring revenue increased by 29% to approximately $287 million, constituting 72% of total revenue [24][25] - Gross margin improved to 48.2% from 45.1%, driven by enhanced efficiency in payment processing and optimized hardware costs [28] - Adjusted EBITDA increased to $61.1 million, representing 15.3% of revenue, indicating strong operational leverage [28] Business Line Data and Key Metrics Changes - The installed base grew to approximately 1.46 million managed and connected devices, serving around 115,000 customers globally [23] - Average revenue per unit (ARPU) increased to approximately $239, up 11% year-over-year, reflecting deeper customer engagement [25] - Processing revenue rose by 30% to approximately $174 million, primarily due to a higher number of transactions across the connected device base [24] Market Data and Key Metrics Changes - The company operates in over 120 countries and serves more than 40 automated self-service verticals, with significant growth opportunities in Latin America and Asia [12][13] - Cashless penetration in automated self-service environments remains low, indicating substantial market potential [6][13] - The average transaction value (ATV) increased to $2.25 from $2.05, reflecting growth in higher value verticals such as EV charging and amusement [24] Company Strategy and Development Direction - The company aims to achieve $1 billion in revenue, focusing on scaling its recurring revenue model and enhancing profitability [6][10] - Strategic acquisitions, including Lynkwell and UPPay, are intended to expand geographic reach and technological capabilities [15][18] - The company is prioritizing vertical payment solutions, integrating hardware, software, and payment infrastructure to strengthen its market position [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capture significant market opportunities, particularly in the EV charging and automated self-service sectors [7][12] - The company anticipates continued growth driven by increased transaction activity per device and expansion into higher value verticals [32] - The guidance for 2026 projects revenue between $510 million and $520 million, with organic growth of 22%-25% [32] Other Important Information - The company has a strong balance sheet with over $300 million in cash, allowing for strategic M&A opportunities [21] - Free cash flow for 2025 was approximately $12 million, with expectations for significant improvement in 2026 [30][33] Q&A Session Summary Question: Can you provide more detail on the strong hardware deployments in Q4? - Management noted that strong hardware sales in Q4 were expected and driven by organic growth, particularly in the EV segment and other verticals [37][38] Question: What are the expectations for gross margin in 2026? - Management expects to maintain high gross margins, with continued improvements driven by processing and hardware efficiencies [41][42] Question: Are there plans for additional acquisitions in 2026? - Management confirmed the intention to pursue 2-3 acquisitions per year, leveraging the strong cash position for strategic opportunities [43][44] Question: How does the revenue mix look between traditional and higher value verticals? - Management indicated that higher growth verticals like EV charging are expanding faster than traditional vending, diversifying the revenue mix [48][49] Question: What opportunities exist in the Asia Pacific markets? - Management highlighted significant opportunities in Japan, with investments made to prepare for market entry [51][52] Question: What is the expected net revenue retention for 2026? - Management expects the net revenue retention rate to remain around 120%, with a majority of growth coming from existing customers [69][70]

Fourth Quarter and Full Year 2025 Results Yair Nechmad CEO & Co-Founder Sagit Manor CFO Aaron Greenberg CSO 3 3 March 9, 2026 1 Important Disclosure Forward-looking statements, risk factors, and non-GAAP financial measures referenced in this presentation 2 • This presentation is intended to provide general information only and is not, and should not be considered, as an offer to purchase or sell the Company's securities, or a proposal to receive such offers. In addition, this presentation is not an offer to ...

Financial Performance - The company reported a net loss of $15.9 million for the year ended December 31, 2023, and a loss of $5.6 million for the year ended December 31, 2024[45]. - The company has experienced significant revenue growth but has a limited operating history at its current scale, making future revenue predictions uncertain[44]. - The company incurred significant losses in each year since its inception, raising concerns about its ability to maintain profitability despite reporting a net annual profit for the first time in 2025[45]. - Total revenue increased from $314 million in the fiscal year ended December 31, 2024, to $400 million in 2025, reflecting a CAGR of 28%[228]. - Gross profit rose from $141.5 million in 2024 to $193 million in 2025, representing a CAGR of 36%[228]. - The company improved its financial performance, shifting to a profit of $35.5 million in 2025 from losses of $5.6 million in 2024 and $15.9 million in 2023[228]. Customer Growth - The number of customers increased from approximately 14,000 in 2019 to approximately 115,000 as of December 31, 2025, indicating significant growth[47]. - As of December 31, 2025, the company served approximately 115,000 customers, up from 95,000 in 2024 and 72,000 in 2023, reflecting a growth in customer base[226]. Market and Competition - The competitive landscape in the payment processing market is characterized by significant competition, requiring the company to continuously innovate and update its services[40]. - The company must effectively manage its growth to maintain high levels of service and customer satisfaction, as rapid expansion puts strain on operations[47]. - The company anticipates continued growth in cashless payment solutions, driven by increased adoption of card-based, mobile, and digital payment options[230]. Supply Chain and Operational Risks - The company is exposed to risks of supply shortages and price fluctuations for key components, which could adversely impact its financial condition and results of operations[42]. - The company relies on a limited number of suppliers for key components, increasing its vulnerability to delivery delays and price increases[42]. - The company faces risks related to reliance on a limited number of manufacturers for POS device assembly, which could disrupt operations and customer relationships if any relationship is disrupted[57]. - The company is subject to various risks in its supply chain, including industrial accidents and global shortages, which could adversely affect financial results[58]. Regulatory and Compliance Challenges - The company may face regulatory challenges related to acquisitions, including a consent decree with the Israeli Competition Authority involving a payment of approximately $701,000[63][70]. - The company is subject to various federal and state laws regarding data processing, which require transparency in handling personal data and could lead to significant liabilities if not adhered to[109]. - The company is subject to anti-money laundering laws, requiring ongoing monitoring of customer transactions and potential penalties for non-compliance[161]. - The company is licensed as an Electronic Money Institution in the EU, requiring it to maintain initial capital of at least €350,000 and comply with ongoing regulatory obligations[158]. Cybersecurity and Data Protection - The company operates under strict information security standards and utilizes advanced security technologies to protect sensitive data, including three on-premise data centers and dedicated cloud IT premises for the Asia-Pacific region[101]. - The company faces significant risks from cyber-attacks, with potential breaches leading to unauthorized access to sensitive customer data and intellectual property, which could disrupt operations and harm the company's reputation[102]. - Any security breach could lead to regulatory inquiries, litigation, and significant operational costs associated with investigating and remediating such incidents[104]. Mergers and Acquisitions - The company announced the acquisition of Retail Pro International for an implied enterprise value of $36.5 million in October 2023, and completed the acquisition of Roseman Engineering and VMT in April 2024, marking significant expansion into the Latin American market[62]. - The company is actively engaged in M&A activities, but past and future acquisitions may not achieve strategic objectives and could disrupt ongoing operations[61]. - The acquisition of Lynkwell, focused on renewable energy technologies, was announced in December 2025 for an effective purchase price of $25.9 million, with an additional earnout based on profitability metrics[62]. Financial Risks - A significant portion of the company's expenses is denominated in NIS, USD, and Euro, exposing it to currency volatility risks, which may adversely affect its financial results[74]. - The company is exposed to credit risk from trade receivables, which could lead to additional provisions or write-offs if customers delay payments or default[98]. - The company has approximately $327.7 million in outstanding borrowings from banks and bonds as of December 31, 2025, which may increase due to rising interest rates and inflation[208]. Human Resources and Corporate Culture - The company faces challenges in attracting and retaining qualified personnel, which is critical for sustaining its corporate culture and growth[48]. - The company relies on its direct sales force and marketing team for revenue growth, and competition for skilled personnel in these areas is significant[71]. Strategic Initiatives - The company has invested heavily in branding and marketing initiatives, which are critical for maintaining customer relationships and attracting new clients[72]. - The company’s platform integrates payments, operations management, and customer engagement tools, enhancing operational efficiency for merchants[225]. - The company’s mission is to empower merchants with tools to manage growth and enhance customer engagement, aiming to boost their bottom line[225]. Economic and Geopolitical Factors - The ongoing security situation in Israel, including military operations and potential escalations, poses risks to the company's operations and financial results[200]. - Public opinion towards Israeli companies has deteriorated due to the ongoing war, which may affect customer relationships and order volumes[205]. - The instability in the region could disrupt the company's business operations and affect financial results in material ways[204].

Core Insights - Nayax Ltd. reported a full year revenue of $400.4 million, with a recurring revenue growth of 29% and an organic revenue growth of 24% [1][6] - The company achieved a net income of $35.5 million and an Adjusted EBITDA of $61.1 million for the year [1][9] - For 2026, Nayax expects revenue guidance between $510 million and $520 million, with Adjusted EBITDA guidance of $85 million to $90 million [1][17][20] Financial Performance - Total revenue increased by 27.5% from $314.0 million in 2024 to $400.4 million in 2025 [4][6] - Recurring revenue, which includes SaaS and payment processing fees, grew by 29.2% to $287.2 million, representing 72% of total revenue [9] - Payment processing fees rose by 30.1% to $174.1 million, while SaaS revenue increased by 27.9% to $113.1 million [4][9] - Gross margin improved to 48.2% from 45.1%, with recurring margin rising to 53.3% from 51.3% [9] Operational Metrics - Total transaction value grew by 32.3% to $6.449 billion, with the number of processed transactions increasing by 20.8% to 2.873 billion [10][14] - The average revenue per unit (ARPU) increased by 11% to $239, driven by the conversion of existing machines to cashless transactions [12] - The customer base expanded by 20.5%, adding over 19,400 new customers, bringing the total to approximately 115,000 [12][19] Fourth Quarter Highlights - In Q4 2025, total revenue reached $119.5 million, a 34.3% increase from $89.0 million in Q4 2024 [11][13] - Recurring revenue for the quarter grew by 22.7% to $77.3 million, representing 65% of total revenue [11][13] - Net income for Q4 was $13.2 million, compared to $1.6 million in the same quarter of the previous year [13] Strategic Developments - Nayax completed the acquisition of Lynkwell, an AI-enabled EV charging platform, enhancing its payment technology offerings [19] - The company raised approximately $307 million through bond and warrant offerings in 2025 [9][19] - Nayax partnered with Unipass to launch a unified payment solution for UK SaaS platforms, integrating its technology into various payment channels [19]

Core Insights - Nayax has announced a global partnership with Tritium to provide a unified payment solution for DC fast charging stations across over 50 countries [1][4] - The integration allows Tritium customers to retrofit Nayax devices for cashless payments quickly, enhancing the user experience for electric vehicle (EV) charging [2][4] Company Overview - Nayax is a global commerce enablement platform that offers cashless payment solutions, management tools, and loyalty programs, aiming to help merchants scale their businesses [5] - Tritium, founded in 2001, specializes in DC fast charging technology and has deployed over 21,000 chargers globally, positioning itself for growth in the EV charging sector [6] Partnership Details - The partnership enables Tritium to implement Nayax's payment solutions across its extensive network, facilitating a seamless payment experience for users [4] - Nayax's solution supports the entire charging process, including session management and customized eReceipts for charge point operators [3]

Core Viewpoint - Nayax Ltd. is set to release its fourth quarter and full year 2025 earnings on March 9, 2026, before U.S. markets open [1] Earnings Release Details - The earnings release will be followed by a conference call in English at 8:30 a.m. Eastern Time on the same day [3] - Nayax CEO Yair Nechmad, CFO Sagit Manor, and Chief Strategy Officer Aaron Greenberg will participate in the conference call [2] Conference Call Information - Participants are encouraged to pre-register for the conference call to gain immediate access [4] - A replay of the conference call will be available until March 23, 2026 [6] Investor Meeting - An in-person investor meeting will be held in Hebrew at Nayax's offices in Herzliya, Israel, at 10:00 a.m. Eastern Time on March 9, 2026 [7] - Pre-registration is required for the in-person meeting [8] Company Overview - Nayax is a global commerce enablement, payments, and loyalty platform aimed at helping merchants scale their business [9] - As of September 30, 2025, Nayax operates 12 global offices and employs approximately 1,200 people [9]