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Side-by-side financial comparison of Nayax Ltd. (NYAX) and Telesat Corp (TSAT). Click either name above to swap in a different company.

Nayax Ltd. is the larger business by last-quarter revenue ($78.1M vs $73.8M, roughly 1.1× Telesat Corp). Nayax Ltd. runs the higher net margin — -3.9% vs -119.8%, a 116.0% 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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

NYAX vs TSAT — Head-to-Head

Bigger by revenue
NYAX
NYAX
1.1× larger
NYAX
$78.1M
$73.8M
TSAT
Higher net margin
NYAX
NYAX
116.0% more per $
NYAX
-3.9%
-119.8%
TSAT

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
NYAX
NYAX
TSAT
TSAT
Revenue
$78.1M
$73.8M
Net Profit
$-3.0M
$-88.4M
Gross Margin
44.3%
95.3%
Operating Margin
1.2%
5.9%
Net Margin
-3.9%
-119.8%
Revenue YoY
39.0%
Net Profit YoY
24.2%
EPS (diluted)
$-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
NYAX
NYAX
TSAT
TSAT
Q3 25
$73.8M
Q2 25
$77.5M
Q1 25
$152.2M
Q2 24
$78.1M
$363.2M
Q3 23
$552.5M
Q2 23
$56.2M
$372.4M
Q1 23
$185.8M
Q3 22
$570.7M
Net Profit
NYAX
NYAX
TSAT
TSAT
Q3 25
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q2 24
$-3.0M
$547.4M
Q3 23
$-172.5M
Q2 23
$-4.0M
$56.3M
Q1 23
$60.6M
Q3 22
$42.1M
Gross Margin
NYAX
NYAX
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q2 24
44.3%
Q3 23
Q2 23
37.1%
Q1 23
Q3 22
Operating Margin
NYAX
NYAX
TSAT
TSAT
Q3 25
5.9%
Q2 25
16.8%
Q1 25
Q2 24
1.2%
Q3 23
Q2 23
-6.6%
Q1 23
Q3 22
Net Margin
NYAX
NYAX
TSAT
TSAT
Q3 25
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q2 24
-3.9%
150.7%
Q3 23
-31.2%
Q2 23
-7.1%
15.1%
Q1 23
32.6%
Q3 22
7.4%
EPS (diluted)
NYAX
NYAX
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q2 24
$-0.08
Q3 23
Q2 23
$-0.12
Q1 23
Q3 22

Balance Sheet & Financial Strength

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

Metric
NYAX
NYAX
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$61.9M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$158.7M
$1.6B
Total Assets
$434.7M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
TSAT
TSAT
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q2 24
$61.9M
$1.7B
Q3 23
$1.7B
Q2 23
$31.1M
$1.7B
Q1 23
$1.7B
Q3 22
$1.4B
Stockholders' Equity
NYAX
NYAX
TSAT
TSAT
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q2 24
$158.7M
$2.4B
Q3 23
$1.8B
Q2 23
$100.0M
$1.8B
Q1 23
$1.8B
Q3 22
$1.7B
Total Assets
NYAX
NYAX
TSAT
TSAT
Q3 25
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q2 24
$434.7M
$6.3B
Q3 23
$6.5B
Q2 23
$261.8M
$6.5B
Q1 23
$6.5B
Q3 22
$6.4B

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
TSAT
TSAT
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NYAX
NYAX
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q2 24
$9.2M
Q3 23
Q2 23
$-1.7M
Q1 23
Q3 22

Financial Flow Comparison

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

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