Nayax (NYAX) Research & Development (2021 - 2025)
Nayax's (NYAX) quarterly Research & Development came in at -$6.3 million in Q4 2025, down 8.92% year-on-year from -$6.9 million in Q4 2024, and up 29.1% quarter-over-quarter from -$8.8 million in Q3 2025.
Nayax (NYAX) Research & Development (2021 - 2025) Analysis & Trends
Nayax has disclosed Research & Development across 5 years of filings, most recently posting -$6.3 million for Q4 2025.
- Research & Development for Q4 2025 came in at -$6.3 million, down 8.92% year-over-year; the trailing twelve-month figure through Dec 2025 was -$30.0 million (down 18.07% YoY), and the FY2025 annual result was -$30.0 million, down 18.07% from the prior year.
- Research & Development came in at -$6.3 million for Q4 2025 at Nayax, up 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.
- The 5-year median for Research & Development is -$5.9 million (2021), against an average of -$6.1 million.
- Peak annual rise in Research & Development reached 11.77% in 2024, while the deepest fall reached 29.28% in 2024.
- Nayax's Research & Development stood at -$5.8 million in 2021, then grew by 5.42% to -$5.4 million in 2022, then decreased by 19.61% to -$6.5 million in 2023, then gained by 11.77% to -$5.7 million in 2024, then decreased by 8.92% to -$6.3 million in 2025.
- The last three Research & Development figures came in at -$6.3 million (Q4 2025), -$8.8 million (Q3 2025), and -$7.7 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 2.30 Mn |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 2.61 Bn |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 160.98 Mn |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 511.00 Mn |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 356.41 Mn |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 214.00 Mn |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | 150.97 Mn |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 714.99 Mn |
| 10 | Nayax | 585,000.00 | -320.12 Mn | 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 |