Nayax revenue skyrockets 23% to $128 million as IPS acquisition expands outlook

Nayax (NASDAQ:NYAX) reported third-quarter 2026 revenue of US$128 million, up 23% year-over-year, as recurring revenue reached US$93.5 million, representing 73% of total sales.

Revenue growth compared with the previous year, while gross margin increased to 49.6% from 49.3% and free cash flow rose to US$10 million from US$3.9 million.

The company reported continued growth in recurring revenue and adjusted earnings, alongside the expansion of its payments and commerce technology business.

Adjusted EBITDA, a non-IFRS earnings measure, increased 32.9% to US$24.2 million, while Nayax recorded a net loss of US$1.1 million compared with net income of US$3.5 million a year earlier.

Nayax completed its US$350 million cash acquisition of IPS Group on October 1, 2026, and updated its full-year outlook to US$530 million–US$540 million in revenue and approximately US$90 million–US$95 million in Adjusted EBITDA, including IPS.

Nayax provides payment processing, commerce management and loyalty solutions for unattended retail markets, including vending machines, self-service kiosks, parking systems and other automated payment environments.

At September 30, Nayax reported US$453 million in cash, cash equivalents and short-term deposits, alongside US$491 million in debt, with both figures including US$150 million borrowed to finance the IPS acquisition; the company also reaffirmed its original full-year guidance excluding IPS.