Nayax (NYAX) Operating Expenses (2021 - 2026)
Nayax (NYAX) posted Operating Expenses of -$38.8 million for Q4 2025, little changed sequentially from -$38.8 million in Q3 2025, and down 19.07% YoY from -$47.9 million in Q4 2024.
Nayax (NYAX) Operating Expenses (2021 - 2026) Analysis & Trends
Nayax has reported Operating Expenses for 5 years, with the latest figure at -$38.8 million in Q4 2025.
- Quarterly Operating Expenses fell 19.07% year-over-year to -$38.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$151.3 million (down 22.41% YoY) and the FY2025 annual result came in at -$151.3 million, down 22.41% from the prior year.
- Operating Expenses was little changed at -$38.8 million in Q4 2025 per NYAX's latest filing, from -$38.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$17.5 million in Q3 2021 and troughed at -$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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses gained 2.49% in 2023, then plunged 48.71% in 2024.
- Over 5 years, Operating Expenses stood at -$20.2 million in 2021, then dropped by 12.98% to -$22.9 million in 2022, then fell by 13.8% to -$26.0 million in 2023, then declined by 25.2% to -$32.6 million in 2024, then slipped by 19.07% to -$38.8 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$38.8 million, -$38.8 million, and -$38.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Nayax | 1.90 Bn | 1.60 Bn | 57.45 Mn | 59.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.55 Mn |
| 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 |