Nayax (NYAX) Cost of Revenue (2021 - 2025)
Nayax's (NYAX) quarterly Cost of Revenue came in at $63.9 million in Q4 2025, up 33.26% year-on-year from $48.0 million in Q4 2024, and up 20.82% quarter-over-quarter from $52.9 million in Q3 2025.
Nayax (NYAX) Cost of Revenue (2021 - 2025) Analysis & Trends
Nayax has disclosed Cost of Revenue across 5 years of filings, most recently posting $63.9 million for Q4 2025.
- Cost of Revenue for Q4 2025 came in at $63.9 million, up 33.26% year-over-year; the trailing twelve-month figure through Dec 2025 was $207.5 million (up 20.29% YoY), and the FY2025 annual result was $207.5 million, up 20.29% from the prior year.
- Cost of Revenue came in at $63.9 million for Q4 2025 at Nayax, up from $52.9 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $63.9 million in Q4 2025 to a low of $18.6 million in Q3 2021.
- The 5-year median for Cost of Revenue is $36.7 million (2023), against an average of $37.9 million.
- Across the five-year window, Cost of Revenue jumped 69.21% in 2022 and gained 4.17% in 2024, its largest moves.
- Nayax's Cost of Revenue stood at $22.4 million in 2021, then jumped by 51.05% to $33.9 million in 2022, then gained by 18.05% to $40.0 million in 2023, then advanced by 19.9% to $48.0 million in 2024, then soared by 33.26% to $63.9 million in 2025.
- The last three Cost of Revenue figures came in at $63.9 million (Q4 2025), $52.9 million (Q3 2025), and $49.4 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 4.48 Mn |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 2.05 Bn |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 215.80 Mn |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 823.00 Mn |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 463.58 Mn |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 636.30 Mn |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | 184.16 Mn |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 396.38 Mn |
| 10 | Nayax | 585,000.00 | -320.12 Mn | 55.53 Mn | 63.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 63.93 Mn |
| Dec 31, 2025 | 63.93 Mn |
| Sep 30, 2025 | 52.91 Mn |
| Sep 30, 2025 | 52.91 Mn |
| Jun 30, 2025 | 49.42 Mn |
| Jun 30, 2025 | 49.42 Mn |
| Mar 31, 2025 | 41.21 Mn |
| Mar 31, 2025 | 41.21 Mn |
| Dec 31, 2024 | 47.97 Mn |
| Dec 31, 2024 | 47.97 Mn |
| Sep 30, 2024 | 45.03 Mn |
| Sep 30, 2024 | 45.03 Mn |
| Jun 30, 2024 | 43.50 Mn |
| Jun 30, 2024 | 43.50 Mn |
| Mar 31, 2024 | 35.98 Mn |
| Mar 31, 2024 | 35.98 Mn |
| Dec 31, 2023 | 40.01 Mn |
| Dec 31, 2023 | 40.01 Mn |
| Sep 30, 2023 | 37.35 Mn |
| Sep 30, 2023 | 37.35 Mn |