Nayax (NYAX) Operating Expenses (2021 - 2025)
Nayax's (NYAX) quarterly Operating Expenses came in at -$38.8 million in Q4 2025, down 19.07% year-on-year from -$47.9 million in Q4 2024, and little changed quarter-over-quarter from -$38.8 million in Q3 2025.
Nayax (NYAX) Operating Expenses (2021 - 2025) Analysis & Trends
Nayax has disclosed Operating Expenses across 5 years of filings, most recently posting -$38.8 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at -$38.8 million, down 19.07% year-over-year; the trailing twelve-month figure through Dec 2025 was -$151.3 million (down 22.41% YoY), and the FY2025 annual result was -$151.3 million, down 22.41% from the prior year.
- Operating Expenses came in at -$38.8 million for Q4 2025 at Nayax, roughly flat 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.
- The 5-year median for Operating Expenses is -$24.4 million (2022), against an average of -$27.3 million.
- Across the five-year window, Operating Expenses increased 2.49% in 2023 and plunged 48.71% in 2024, its largest moves.
- Nayax's Operating Expenses stood at -$20.2 million in 2021, then decreased by 12.98% to -$22.9 million in 2022, then dropped by 13.8% to -$26.0 million in 2023, then slipped by 25.2% to -$32.6 million in 2024, then retreated by 19.07% to -$38.8 million in 2025.
- The last three Operating Expenses figures came in at -$38.8 million (Q4 2025), -$38.8 million (Q3 2025), and -$38.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | 517.59 Mn |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 1.57 Bn |
| 10 | Nayax | 585,000.00 | -320.12 Mn | 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 |