Nayax (NYAX) Research & Development (2021 - 2025)
Nayax (NYAX) reported Research & Development of -$6.3 million for Q4 2025, down 8.92% on a YoY basis from -$6.9 million in Q4 2024, and up 29.1% sequentially from -$8.8 million in Q3 2025.
Nayax (NYAX) Research & Development (2021 - 2025) Analysis & Trends
Nayax (NYAX) has 5 years of Research & Development data on file, last reported at -$6.3 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 8.92% year-over-year to -$6.3 million; the trailing twelve-month figure through Dec 2025 stood at -$30.0 million (down 18.07% YoY), and the FY2025 full-year result was -$30.0 million, down 18.07% from the prior year.
- Research & Development grew to -$6.3 million in Q4 2025, from -$8.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$5.0 million in Q2 2023 to a low of -$8.8 million in Q3 2025.
- A 5-year average of -$6.1 million and a median of -$5.9 million in 2021 frame the typical range for Research & Development.
- Peak annual rise in Research & Development reached 11.77% in 2024, while the deepest fall reached 29.28% in 2024.
- Tracing NYAX's Research & Development over 5 years: stood at -$5.8 million in 2021, then climbed by 5.42% to -$5.4 million in 2022, then retreated by 19.61% to -$6.5 million in 2023, then rose by 11.77% to -$5.7 million in 2024, then retreated by 8.92% to -$6.3 million in 2025.
- Business Quant data shows NYAX's Research & Development at -$6.3 million in Q4 2025, -$8.8 million in Q3 2025, and -$7.7 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | - |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Nayax | 2.46 Bn | 2.14 Bn | 55.53 Mn | -6.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.25 Mn |
| Sep 30, 2025 | -8.82 Mn |
| Jun 30, 2025 | -7.73 Mn |
| Mar 31, 2025 | -7.15 Mn |
| Dec 31, 2024 | -5.74 Mn |
| Sep 30, 2024 | -6.87 Mn |
| Jun 30, 2024 | -6.42 Mn |
| Mar 31, 2024 | -6.35 Mn |
| Dec 31, 2023 | -6.51 Mn |
| Sep 30, 2023 | -5.31 Mn |
| Jun 30, 2023 | -4.97 Mn |
| Mar 31, 2023 | -5.14 Mn |
| Dec 31, 2022 | -5.44 Mn |
| Sep 30, 2022 | -6.00 Mn |
| Jun 30, 2022 | -5.10 Mn |
| Mar 31, 2022 | -5.59 Mn |
| Dec 31, 2021 | -5.75 Mn |
| Sep 30, 2021 | -5.27 Mn |