Nayax, the Herzliya-based payments and fintech company, reported third-quarter 2026 results today. Revenue reached $128 million, up about 23% from $104.3 million a year earlier. According to reports, the stock rose about 6% after the release.
What do the numbers show?
Adjusted EBITDA, a measure of operating profitability, rose 33% to $24.2 million, and the margin rose to 19% from 17% a year earlier. On the bottom line, the company swung to a net loss of $1.1 million from a year-earlier profit, because of higher financing costs and stock-based compensation. According to a Zacks survey, analysts expected revenue of about $134 million, so revenue fell short of expectations, while earnings per share beat them.
The acquisition that changes the company
Nayax completed its acquisition of IPS Group, which builds parking payment solutions, in a deal of about $350 million. Following the acquisition, the company raised its 2026 revenue guidance to a range of $530 million to $540 million. Nayax is best known for payment systems for unattended machines, from drink vending to charging stations, and parking extends it into a new urban field, with customers such as municipalities.
What to watch?
Nayax's math is growth through acquisitions. That grows revenue fast, but also debt and financing costs, which already pushed the bottom line into a loss this quarter. The question for the coming quarters is whether IPS plugs into Nayax's platform and produces recurring revenue, or stays a separate business from which it is hard to extract the value paid for it.
