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Side-by-side financial comparison of Akebia Therapeutics, Inc. (AKBA) and Nayax Ltd. (NYAX). Click either name above to swap in a different company.

Nayax Ltd. is the larger business by last-quarter revenue ($78.1M vs $57.6M, roughly 1.4× Akebia Therapeutics, Inc.). On growth, Nayax Ltd. posted the faster year-over-year revenue change (39.0% vs 23.9%).

Akebia Therapeutics is a biopharmaceutical company dedicated to developing and commercializing novel therapies for patients with kidney diseases, particularly anemia linked to chronic kidney disease. It operates across global markets, focusing on addressing unmet medical needs in the nephrology care segment.

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

AKBA vs NYAX — Head-to-Head

Bigger by revenue
NYAX
NYAX
1.4× larger
NYAX
$78.1M
$57.6M
AKBA
Growing faster (revenue YoY)
NYAX
NYAX
+15.1% gap
NYAX
39.0%
23.9%
AKBA

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
AKBA
AKBA
NYAX
NYAX
Revenue
$57.6M
$78.1M
Net Profit
$-3.0M
Gross Margin
78.2%
44.3%
Operating Margin
-14.8%
1.2%
Net Margin
-3.9%
Revenue YoY
23.9%
39.0%
Net Profit YoY
24.2%
EPS (diluted)
$-0.05
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AKBA
AKBA
NYAX
NYAX
Q4 25
$57.6M
Q3 25
$58.8M
Q2 25
$62.5M
Q1 25
$57.3M
Q4 24
$46.5M
Q3 24
$37.4M
Q2 24
$43.6M
$78.1M
Q1 24
$32.6M
Net Profit
AKBA
AKBA
NYAX
NYAX
Q4 25
Q3 25
$540.0K
Q2 25
$247.0K
Q1 25
$6.1M
Q4 24
Q3 24
$-20.0M
Q2 24
$-8.6M
$-3.0M
Q1 24
$-18.0M
Gross Margin
AKBA
AKBA
NYAX
NYAX
Q4 25
78.2%
Q3 25
84.0%
Q2 25
84.1%
Q1 25
86.7%
Q4 24
56.2%
Q3 24
62.2%
Q2 24
60.9%
44.3%
Q1 24
64.4%
Operating Margin
AKBA
AKBA
NYAX
NYAX
Q4 25
-14.8%
Q3 25
7.6%
Q2 25
22.6%
Q1 25
23.6%
Q4 24
-30.8%
Q3 24
-33.4%
Q2 24
-20.0%
1.2%
Q1 24
-45.8%
Net Margin
AKBA
AKBA
NYAX
NYAX
Q4 25
Q3 25
0.9%
Q2 25
0.4%
Q1 25
10.7%
Q4 24
Q3 24
-53.5%
Q2 24
-19.7%
-3.9%
Q1 24
-55.2%
EPS (diluted)
AKBA
AKBA
NYAX
NYAX
Q4 25
$-0.05
Q3 25
$0.00
Q2 25
$0.00
Q1 25
$0.03
Q4 24
$-0.10
Q3 24
$-0.10
Q2 24
$-0.04
$-0.08
Q1 24
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AKBA
AKBA
NYAX
NYAX
Cash + ST InvestmentsLiquidity on hand
$184.8M
$61.9M
Total DebtLower is stronger
$48.3M
Stockholders' EquityBook value
$32.6M
$158.7M
Total Assets
$376.6M
$434.7M
Debt / EquityLower = less leverage
1.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AKBA
AKBA
NYAX
NYAX
Q4 25
$184.8M
Q3 25
$166.4M
Q2 25
$137.3M
Q1 25
$113.4M
Q4 24
$51.9M
Q3 24
$34.0M
Q2 24
$39.5M
$61.9M
Q1 24
$42.0M
Total Debt
AKBA
AKBA
NYAX
NYAX
Q4 25
$48.3M
Q3 25
$47.6M
Q2 25
$47.1M
Q1 25
$46.5M
Q4 24
$38.7M
Q3 24
$38.4M
Q2 24
$38.0M
Q1 24
$30.1M
Stockholders' Equity
AKBA
AKBA
NYAX
NYAX
Q4 25
$32.6M
Q3 25
$41.6M
Q2 25
$29.2M
Q1 25
$24.6M
Q4 24
$-49.2M
Q3 24
$-50.4M
Q2 24
$-33.8M
$158.7M
Q1 24
$-27.3M
Total Assets
AKBA
AKBA
NYAX
NYAX
Q4 25
$376.6M
Q3 25
$364.2M
Q2 25
$345.6M
Q1 25
$310.2M
Q4 24
$220.7M
Q3 24
$207.1M
Q2 24
$220.2M
$434.7M
Q1 24
$225.5M
Debt / Equity
AKBA
AKBA
NYAX
NYAX
Q4 25
1.48×
Q3 25
1.15×
Q2 25
1.61×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AKBA
AKBA
NYAX
NYAX
Operating Cash FlowLast quarter
$31.1M
$9.2M
Free Cash FlowOCF − Capex
$31.1M
FCF MarginFCF / Revenue
53.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$67.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AKBA
AKBA
NYAX
NYAX
Q4 25
$31.1M
Q3 25
$28.1M
Q2 25
$22.3M
Q1 25
$-13.6M
Q4 24
$-4.5M
Q3 24
$-6.7M
Q2 24
$-10.1M
$9.2M
Q1 24
$-19.4M
Free Cash Flow
AKBA
AKBA
NYAX
NYAX
Q4 25
$31.1M
Q3 25
$28.0M
Q2 25
$22.2M
Q1 25
$-13.6M
Q4 24
$-4.5M
Q3 24
$-6.7M
Q2 24
$-10.1M
Q1 24
FCF Margin
AKBA
AKBA
NYAX
NYAX
Q4 25
53.9%
Q3 25
47.7%
Q2 25
35.6%
Q1 25
-23.7%
Q4 24
-9.6%
Q3 24
-17.9%
Q2 24
-23.1%
Q1 24
Capex Intensity
AKBA
AKBA
NYAX
NYAX
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
AKBA
AKBA
NYAX
NYAX
Q4 25
Q3 25
52.05×
Q2 25
90.47×
Q1 25
-2.22×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AKBA
AKBA

Auryxia$48.1M84%
Vafseo$6.2M11%
License Collaboration And Other Revenue$3.3M6%

NYAX
NYAX

Segment breakdown not available.

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