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Side-by-side financial comparison of Nayax Ltd. (NYAX) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

Nayax Ltd. is the larger business by last-quarter revenue ($78.1M vs $69.8M, roughly 1.1× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs -3.9%, a 387.9% gap on every dollar of revenue. On growth, Nayax Ltd. posted the faster year-over-year revenue change (39.0% vs 21.2%).

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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

NYAX vs RIGL — Head-to-Head

Bigger by revenue
NYAX
NYAX
1.1× larger
NYAX
$78.1M
$69.8M
RIGL
Growing faster (revenue YoY)
NYAX
NYAX
+17.9% gap
NYAX
39.0%
21.2%
RIGL
Higher net margin
RIGL
RIGL
387.9% more per $
RIGL
384.0%
-3.9%
NYAX

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NYAX
NYAX
RIGL
RIGL
Revenue
$78.1M
$69.8M
Net Profit
$-3.0M
$268.1M
Gross Margin
44.3%
91.5%
Operating Margin
1.2%
33.2%
Net Margin
-3.9%
384.0%
Revenue YoY
39.0%
21.2%
Net Profit YoY
24.2%
1769.2%
EPS (diluted)
$-0.08
$14.11

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
NYAX
NYAX
RIGL
RIGL
Q4 25
$69.8M
Q3 25
$69.5M
Q2 25
$101.7M
Q1 25
$53.3M
Q4 24
$57.6M
Q3 24
$55.3M
Q2 24
$78.1M
$36.8M
Q1 24
$29.5M
Net Profit
NYAX
NYAX
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$27.9M
Q2 25
$59.6M
Q1 25
$11.4M
Q4 24
$14.3M
Q3 24
$12.4M
Q2 24
$-3.0M
$-1.0M
Q1 24
$-8.2M
Gross Margin
NYAX
NYAX
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
44.3%
92.4%
Q1 24
93.1%
Operating Margin
NYAX
NYAX
RIGL
RIGL
Q4 25
33.2%
Q3 25
40.9%
Q2 25
60.1%
Q1 25
23.9%
Q4 24
28.9%
Q3 24
25.4%
Q2 24
1.2%
1.2%
Q1 24
-23.6%
Net Margin
NYAX
NYAX
RIGL
RIGL
Q4 25
384.0%
Q3 25
40.2%
Q2 25
58.6%
Q1 25
21.5%
Q4 24
24.9%
Q3 24
22.5%
Q2 24
-3.9%
-2.8%
Q1 24
-27.9%
EPS (diluted)
NYAX
NYAX
RIGL
RIGL
Q4 25
$14.11
Q3 25
$1.46
Q2 25
$3.28
Q1 25
$0.63
Q4 24
$0.82
Q3 24
$0.70
Q2 24
$-0.08
$-0.06
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
NYAX
NYAX
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$61.9M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$158.7M
$391.5M
Total Assets
$434.7M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
RIGL
RIGL
Q4 25
$155.0M
Q3 25
$137.1M
Q2 25
$108.4M
Q1 25
$77.1M
Q4 24
$77.3M
Q3 24
$61.1M
Q2 24
$61.9M
$49.1M
Q1 24
$49.5M
Total Debt
NYAX
NYAX
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
NYAX
NYAX
RIGL
RIGL
Q4 25
$391.5M
Q3 25
$117.6M
Q2 25
$81.9M
Q1 25
$18.6M
Q4 24
$3.3M
Q3 24
$-14.6M
Q2 24
$158.7M
$-29.9M
Q1 24
$-31.7M
Total Assets
NYAX
NYAX
RIGL
RIGL
Q4 25
$513.6M
Q3 25
$242.5M
Q2 25
$206.7M
Q1 25
$176.0M
Q4 24
$164.0M
Q3 24
$139.4M
Q2 24
$434.7M
$128.4M
Q1 24
$126.5M
Debt / Equity
NYAX
NYAX
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
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
NYAX
NYAX
RIGL
RIGL
Operating Cash FlowLast quarter
$9.2M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NYAX
NYAX
RIGL
RIGL
Q4 25
$22.0M
Q3 25
$24.0M
Q2 25
$30.5M
Q1 25
$-893.0K
Q4 24
$14.5M
Q3 24
$21.7M
Q2 24
$9.2M
$302.0K
Q1 24
$-5.0M
Cash Conversion
NYAX
NYAX
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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