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| Date | Value |
|---|---|
| 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 |