Nayax reports Q3 2026 earnings and completes $350 million IPS Group acquisition
Nayax Ltd. posted third‑quarter 2026 results, with revenue of $128.0 million, a 22.7% year‑over‑year increase, and recurring revenue reaching $93.5 million (73% of total). The company closed a cash purchase of IPS Group for $350 million, adding smart‑parking capabilities and an estimated $90 million of 2026 revenue. Management highlighted record gross margins of 49.6% and said the deal is immediately accretive to profitability while leaving pro‑forma leverage at roughly 4 times adjusted EBITDA.
Why it matters
The acquisition expands Nayax’s addressable market into smart parking and is expected to boost margins, according to the company’s presentation. However, the higher leverage of about 4 × adjusted EBITDA may constrain additional M&A activity in the near term.
Key facts
- 1Revenue for Q3 2026 was $128.0 million, up 22.7% from the prior year. investing.com
- 2Recurring revenue grew 21.3% to $93.5 million, representing 73% of total revenue. investing.com
- 3Nayax completed the acquisition of IPS Group for $350 million in cash on October 1, 2026. investing.com
- 4IPS is projected to generate over $90 million of revenue for 2026. investing.com
- 5Record gross margin for Q3 2026 was 49.6%, with recurring gross margin of 54.8% and processing margin of 41.6%. finance.yahoo.com
- 6Pro‑forma leverage after the IPS acquisition stands at approximately 4 times adjusted EBITDA. finance.yahoo.com
Open questions
- Adjusted EBITDA is reported as $42.7 million in material 1 but $24.2 million in material 4.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.