Nayax (NYAX) Operating Expenses (2021 - 2025)

Nayax (NYAX) reported Operating Expenses of -$38.8 million for Q4 2025, down 19.07% on a YoY basis from -$47.9 million in Q4 2024, and little changed sequentially from -$38.8 million in Q3 2025.

Nayax (NYAX) Operating Expenses (2021 - 2025) Analysis & Trends

Nayax (NYAX) has 5 years of Operating Expenses data on file, last reported at -$38.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 19.07% year-over-year to -$38.8 million; the trailing twelve-month figure through Dec 2025 stood at -$151.3 million (down 22.41% YoY), and the FY2025 full-year result was -$151.3 million, down 22.41% from the prior year.
  • Operating Expenses was little changed at -$38.8 million in Q4 2025, from -$38.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$17.5 million in Q3 2021 to a low of -$38.9 million in Q2 2025.
  • A 5-year average of -$27.3 million and a median of -$24.4 million in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses increased 2.49% in 2023 and slumped 48.71% in 2024, its largest moves.
  • Tracing NYAX's Operating Expenses over 5 years: stood at -$20.2 million in 2021, then retreated by 12.98% to -$22.9 million in 2022, then slipped by 13.8% to -$26.0 million in 2023, then decreased by 25.2% to -$32.6 million in 2024, then fell by 19.07% to -$38.8 million in 2025.
  • Business Quant data shows NYAX's Operating Expenses at -$38.8 million in Q4 2025, -$38.8 million in Q3 2025, and -$38.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -363.49 Mn
3 Oracle 329.59 Bn 297.69 Bn - 13.05 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 979.89 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 517.59 Mn
10 Nayax 2.46 Bn 2.14 Bn 55.53 Mn -38.80 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -38.80 Mn
Sep 30, 2025 -38.83 Mn
Jun 30, 2025 -38.95 Mn
Mar 31, 2025 -34.69 Mn
Dec 31, 2024 -32.58 Mn
Sep 30, 2024 -32.94 Mn
Jun 30, 2024 -30.24 Mn
Mar 31, 2024 -27.81 Mn
Dec 31, 2023 -26.02 Mn
Sep 30, 2023 -22.15 Mn
Jun 30, 2023 -22.51 Mn
Mar 31, 2023 -21.57 Mn
Dec 31, 2022 -22.87 Mn
Sep 30, 2022 -22.72 Mn
Jun 30, 2022 -20.22 Mn
Mar 31, 2022 -20.42 Mn
Dec 31, 2021 -20.24 Mn
Sep 30, 2021 -17.54 Mn