Nayax Posts $400.4M 2025 Revenue, Guides 2026 Sales to $510–$520M
Nayax delivered full-year 2025 revenue of $400.4 million, up 27.5% from 2024, with recurring SaaS and processing fees rising 29.2% to $287.2 million. Net income swung to $35.5 million positive and adjusted EBITDA climbed to $61.1 million, while 2026 guidance forecasts $510–$520 million revenue.
1. Full-Year 2025 Revenue and Growth
Nayax delivered $400.4 million in revenue for 2025, a 27.5% increase over 2024, with organic revenue up 24%. Recurring revenues from payment processing fees and SaaS grew 29.2% to $287.2 million, representing 72% of total revenue, while POS device sales reached $113.2 million.
2. Profitability and Margin Expansion
The company swung to a $35.5 million net income versus a prior-year loss and achieved adjusted EBITDA of $61.1 million, up from $35.5 million, yielding a 15.3% margin. Operating profit reached $37.6 million and basic EPS was $0.96, reflecting disciplined cost management and operating leverage.
3. Segment Performance and Cost Efficiencies
Payment processing fees rose 30.1% to $174.1 million with margin improving to 38.3% thanks to smart-routing enhancements and renegotiated contracts. SaaS revenue increased 27.9% to $113.1 million with a stable 76.3% margin, while hardware margin expanded to 35.3% through supply chain and sourcing optimizations.
4. 2026 Financial Outlook
Nayax projects 2026 revenue of $510 million to $520 million and adjusted EBITDA of $85 million to $90 million, driven by continued recurring revenue growth, cashless payment adoption in self-service environments, and scalable platform effects.