Nayax Ltd Q1 2026 Earnings Recap

Nayax shares rose 3.3% following Q1 2026 results that showed solid revenue growth and margin expansion, driven by strength in hardware sales and transaction volumes across high-value verticals.

Key Takeaways

• Revenue increased 32% to $107 million, with organic growth of 26%.
• Adjusted EBITDA margin expanded to 13%, underscoring ongoing margin improvement.
• Installed base surpassed 1.5 million devices, supporting a recurring revenue model that grew 27% and accounted for 74% of total revenue.
• Total transaction value rose 33% to approximately $1.8 billion, fueled by growing penetration in EV charging, amusement, and car wash segments.
• Hardware sales jumped 46%, boosted by demand for new PIN-on-glass VPOS Media devices in Europe and strategic moves in Brazil.