Nayax Ltd.
NYAX · Services-Prepackaged Software · EDGAR filings ↗
Reference price $68.06 — last insider sale, 2026-06-04 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B72Fast-growing global commerce/payments platform that reached its first full-year profit at scale with above-average growth and returns.
Strengths
- Strong revenue growth (+27.5%, 82nd pct) and first net profit ($35.5M) with ROE 15.4% (70th pct)
- Healthy liquidity (current 2.26, quick 2.16) and positive FCF (~$35M)
- Large, sticky installed base (~1.46M connected devices, ~115k customers across 120+ countries)
Risks
- Net_income_growth screens deeply negative (1st pct), suggesting profit was flattered by a non-operating/tax item
- Below-median gross margin (48%, 15th pct) and OCF margin (24th pct); modest interest coverage (2.7x)
- Founder control, Israel geopolitical exposure and acquisition-integration risk
Notable findings
- Strong balance sheetStrong balance sheet — $320M cash & investments
- Insider sellingInsider selling — 31 open-market sale(s) by 9 insider(s) (cluster of 9 insiders, ~$6M, last 6mo) Form 4 ↗
Key metrics
Gross margin
48.2%
Operating margin
9.4%
Net margin
8.9%
Return on equity
15.4%
Return on assets
4.2%
Revenue growth (QoQ)
27.5%
Interest coverage
2.7×
Current ratio
2.3×
Free cash flow
$35M
Tangible book value
$231M
Cash & investments
$320M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Furman Carly Lisanne | Sell | 382 | $68.08 |
| 2026-06-04 | Greenberg Aaron Samuel | Sell | 306 | $68.06 |
| 2026-06-04 | Tepper Oren | Sell | 260 | $68.06 |
| 2026-06-04 | Manor Sagit | Sell | 489 | $68.06 |
| 2026-06-01 | Furman Carly Lisanne | Sell | 1.8K | $73.31 |
| 2026-06-01 | Tepper Oren | Sell | 1.1K | $73.31 |
| 2026-06-01 | Greenberg Aaron Samuel | Sell | 440 | $73.31 |
| 2026-05-29 | Ben-Avi David | Sell | 17K | $76.48 |
| 2026-05-29 | Ben-Avi David | Sell | 17K | $76.48 |
| 2026-05-28 | Ben-Avi David | Sell | 14K | $74.93 |
| 2026-05-28 | Ben-Avi David | Sell | 12K | $74.94 |
| 2026-05-27 | Sharir Keren | Option exercise | 4.5K | $6.70 |
| 2026-05-27 | Sharir Keren | Sell | 2.5K | $72.18 |
| 2026-05-27 | Sharir Keren | Sell | 2.0K | $71.32 |
| 2026-05-19 | Amnipour Erez | Sell | 231 | $67.00 |
| 2026-05-18 | Manor Sagit | Sell | 251 | $64.58 |
| 2026-05-15 | Sever Michal | Option exercise | 1.6K | $21.35 |
| 2026-05-15 | Sever Michal | Sell | 1.6K | $64.41 |
| 2026-05-15 | Sever Michal | Option exercise | 3.4K | $21.35 |
| 2026-05-15 | Sever Michal | Sell | 3.4K | $64.28 |
| 2026-05-13 | Havshush Eran | Sell | 19 | $67.57 |
| 2026-05-10 | Sharir Keren | Grant | 12K | — |
| 2026-05-10 | Greenberg Aaron Samuel | Grant | 878 | — |
| 2026-05-10 | Amnipour Erez | Grant | 12K | — |
| 2026-05-10 | Furman Carly Lisanne | Grant | 12K | — |
| 2026-05-10 | Erel Tami | Grant | 12K | — |
| 2026-05-10 | Sever Michal | Grant | 12K | — |
| 2026-05-10 | Zafrani Eden | Grant | 12K | — |
| 2026-05-10 | Omer Gal | Grant | 12K | — |
| 2026-05-10 | Tepper Oren | Grant | 12K | — |
| 2026-05-10 | Aharon Yaron | Grant | 12K | — |
| 2026-05-04 | Greenberg Aaron Samuel | Sell | 276 | $70.43 |
| 2026-04-22 | Manor Sagit | Sell | 1.8K | $63.94 |
| 2026-04-22 | Greenberg Aaron Samuel | Sell | 1.0K | $63.94 |
| 2026-03-31 | Manor Sagit | Sell | 1.3K | $54.78 |
| 2026-03-31 | Furman Carly Lisanne | Sell | 313 | $54.78 |
| 2026-03-30 | Tepper Oren | Sell | 74 | $53.93 |
| 2026-03-27 | Greenberg Aaron Samuel | Sell | 54 | $54.54 |
| 2026-03-27 | Sever Michal | Sell | 35 | $54.54 |
| 2026-03-27 | Manor Sagit | Sell | 215 | $54.54 |
| 2026-03-27 | Furman Carly Lisanne | Sell | 109 | $54.54 |
| 2026-03-26 | Furman Carly Lisanne | Sell | 110 | $55.14 |
| 2026-03-26 | Manor Sagit | Sell | 79 | $55.14 |
| 2026-03-26 | Tepper Oren | Sell | 57 | $55.14 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-09 | 2025-12-31 | 0001178913-26-000779 ↗ |
| 20-F | 2025-03-04 | 2024-12-31 | 0001178913-25-000680 ↗ |
| 20-F | 2024-02-28 | 2023-12-31 | 0001178913-24-000746 ↗ |
| 20-F | 2023-03-01 | 2022-12-31 | 0001178913-23-000809 ↗ |