Nayax (NYAX) Research & Development (2021 - 2026)
Nayax (NYAX) posted Research & Development of -$6.3 million for Q4 2025, up 29.1% sequentially from -$8.8 million in Q3 2025, and down 8.92% YoY from -$6.9 million in Q4 2024.
Nayax (NYAX) Research & Development (2021 - 2026) Analysis & Trends
Nayax has reported Research & Development for 5 years, with the latest figure at -$6.3 million in Q4 2025.
- Quarterly Research & Development fell 8.92% year-over-year to -$6.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$30.0 million (down 18.07% YoY) and the FY2025 annual result came in at -$30.0 million, down 18.07% from the prior year.
- Research & Development grew to -$6.3 million in Q4 2025 per NYAX's latest filing, from -$8.8 million in the prior quarter.
- Over five years, Research & Development peaked at -$5.0 million in Q2 2023 and troughed at -$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.
- The widest YoY moves for Research & Development: up 11.77% in 2024, down 29.28% in 2024.
- Over 5 years, Research & Development stood at -$5.8 million in 2021, then rose by 5.42% to -$5.4 million in 2022, then dropped by 19.61% to -$6.5 million in 2023, then climbed by 11.77% to -$5.7 million in 2024, then dropped by 8.92% to -$6.3 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$6.3 million, -$8.8 million, and -$7.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.01 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 339.50 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Nayax | 1.90 Bn | 1.60 Bn | 57.45 Mn | 10.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.61 Mn |
| 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 |