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

Nayax Ltd. is the larger business by last-quarter revenue ($78.1M vs $66.0M, roughly 1.2× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs -3.9%, a 43.3% gap on every dollar of revenue.

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.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

NYAX vs SLNO — Head-to-Head

Bigger by revenue
NYAX
NYAX
1.2× larger
NYAX
$78.1M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
43.3% more per $
SLNO
39.4%
-3.9%
NYAX

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
NYAX
NYAX
SLNO
SLNO
Revenue
$78.1M
$66.0M
Net Profit
$-3.0M
$26.0M
Gross Margin
44.3%
98.3%
Operating Margin
1.2%
33.5%
Net Margin
-3.9%
39.4%
Revenue YoY
39.0%
Net Profit YoY
24.2%
134.0%
EPS (diluted)
$-0.08
$0.47

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
SLNO
SLNO
Q3 25
$66.0M
Q2 25
$32.7M
Q2 24
$78.1M
Q2 23
$56.2M
Net Profit
NYAX
NYAX
SLNO
SLNO
Q3 25
$26.0M
Q2 25
$-4.7M
Q2 24
$-3.0M
Q2 23
$-4.0M
Gross Margin
NYAX
NYAX
SLNO
SLNO
Q3 25
98.3%
Q2 25
97.9%
Q2 24
44.3%
Q2 23
37.1%
Operating Margin
NYAX
NYAX
SLNO
SLNO
Q3 25
33.5%
Q2 25
-20.0%
Q2 24
1.2%
Q2 23
-6.6%
Net Margin
NYAX
NYAX
SLNO
SLNO
Q3 25
39.4%
Q2 25
-14.4%
Q2 24
-3.9%
Q2 23
-7.1%
EPS (diluted)
NYAX
NYAX
SLNO
SLNO
Q3 25
$0.47
Q2 25
$-0.09
Q2 24
$-0.08
Q2 23
$-0.12

Balance Sheet & Financial Strength

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

Metric
NYAX
NYAX
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$61.9M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$158.7M
$494.8M
Total Assets
$434.7M
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
SLNO
SLNO
Q3 25
$498.9M
Q2 25
$286.8M
Q2 24
$61.9M
Q2 23
$31.1M
Stockholders' Equity
NYAX
NYAX
SLNO
SLNO
Q3 25
$494.8M
Q2 25
$240.1M
Q2 24
$158.7M
Q2 23
$100.0M
Total Assets
NYAX
NYAX
SLNO
SLNO
Q3 25
$599.9M
Q2 25
$332.3M
Q2 24
$434.7M
Q2 23
$261.8M

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
SLNO
SLNO
Operating Cash FlowLast quarter
$9.2M
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NYAX
NYAX
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$-12.6M
Q2 24
$9.2M
Q2 23
$-1.7M
Free Cash Flow
NYAX
NYAX
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$-12.6M
Q2 24
Q2 23
FCF Margin
NYAX
NYAX
SLNO
SLNO
Q3 25
65.8%
Q2 25
-38.6%
Q2 24
Q2 23
Capex Intensity
NYAX
NYAX
SLNO
SLNO
Q3 25
0.0%
Q2 25
0.0%
Q2 24
Q2 23
Cash Conversion
NYAX
NYAX
SLNO
SLNO
Q3 25
1.67×
Q2 25
Q2 24
Q2 23

Financial Flow Comparison

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

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