vs

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

Via Renewables, Inc. is the larger business by last-quarter revenue ($127.8M vs $78.1M, roughly 1.6× Nayax Ltd.). Via Renewables, Inc. runs the higher net margin — 5.4% vs -3.9%, a 9.2% gap on every dollar of revenue. On growth, Nayax Ltd. posted the faster year-over-year revenue change (39.0% vs 22.5%).

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.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

NYAX vs VIASP — Head-to-Head

Bigger by revenue
VIASP
VIASP
1.6× larger
VIASP
$127.8M
$78.1M
NYAX
Growing faster (revenue YoY)
NYAX
NYAX
+16.5% gap
NYAX
39.0%
22.5%
VIASP
Higher net margin
VIASP
VIASP
9.2% more per $
VIASP
5.4%
-3.9%
NYAX

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NYAX
NYAX
VIASP
VIASP
Revenue
$78.1M
$127.8M
Net Profit
$-3.0M
$6.9M
Gross Margin
44.3%
34.4%
Operating Margin
1.2%
15.2%
Net Margin
-3.9%
5.4%
Revenue YoY
39.0%
22.5%
Net Profit YoY
24.2%
-30.9%
EPS (diluted)
$-0.08
$1.19

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
VIASP
VIASP
Q4 25
$127.8M
Q3 25
$103.3M
Q2 25
$90.0M
Q1 25
$142.3M
Q4 24
$104.3M
Q3 24
$93.8M
Q2 24
$78.1M
$86.7M
Q1 24
$114.1M
Net Profit
NYAX
NYAX
VIASP
VIASP
Q4 25
$6.9M
Q3 25
$757.0K
Q2 25
$2.7M
Q1 25
$8.8M
Q4 24
$9.9M
Q3 24
$2.1M
Q2 24
$-3.0M
$7.6M
Q1 24
$8.6M
Gross Margin
NYAX
NYAX
VIASP
VIASP
Q4 25
34.4%
Q3 25
23.1%
Q2 25
30.0%
Q1 25
32.9%
Q4 24
51.9%
Q3 24
26.8%
Q2 24
44.3%
50.4%
Q1 24
39.5%
Operating Margin
NYAX
NYAX
VIASP
VIASP
Q4 25
15.2%
Q3 25
3.1%
Q2 25
6.7%
Q1 25
17.5%
Q4 24
31.5%
Q3 24
5.3%
Q2 24
1.2%
23.8%
Q1 24
22.6%
Net Margin
NYAX
NYAX
VIASP
VIASP
Q4 25
5.4%
Q3 25
0.7%
Q2 25
3.0%
Q1 25
6.2%
Q4 24
9.5%
Q3 24
2.3%
Q2 24
-3.9%
8.8%
Q1 24
7.5%
EPS (diluted)
NYAX
NYAX
VIASP
VIASP
Q4 25
$1.19
Q3 25
$-0.41
Q2 25
$0.09
Q1 25
$1.83
Q4 24
$2.33
Q3 24
$-0.17
Q2 24
$-0.08
$1.51
Q1 24
$1.81

Balance Sheet & Financial Strength

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

Metric
NYAX
NYAX
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$61.9M
$41.8M
Total DebtLower is stronger
$120.0M
Stockholders' EquityBook value
$158.7M
$67.7M
Total Assets
$434.7M
$331.3M
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
VIASP
VIASP
Q4 25
$41.8M
Q3 25
$53.6M
Q2 25
$62.1M
Q1 25
$64.7M
Q4 24
$53.1M
Q3 24
$66.6M
Q2 24
$61.9M
$53.6M
Q1 24
$50.4M
Total Debt
NYAX
NYAX
VIASP
VIASP
Q4 25
$120.0M
Q3 25
$105.0M
Q2 25
$100.0M
Q1 25
$101.0M
Q4 24
$106.0M
Q3 24
$89.0M
Q2 24
$93.0M
Q1 24
$91.0M
Stockholders' Equity
NYAX
NYAX
VIASP
VIASP
Q4 25
$67.7M
Q3 25
$63.7M
Q2 25
$68.2M
Q1 25
$72.7M
Q4 24
$66.7M
Q3 24
$58.2M
Q2 24
$158.7M
$58.3M
Q1 24
$53.2M
Total Assets
NYAX
NYAX
VIASP
VIASP
Q4 25
$331.3M
Q3 25
$304.8M
Q2 25
$316.3M
Q1 25
$347.4M
Q4 24
$344.9M
Q3 24
$298.4M
Q2 24
$434.7M
$299.7M
Q1 24
$302.7M
Debt / Equity
NYAX
NYAX
VIASP
VIASP
Q4 25
1.77×
Q3 25
1.65×
Q2 25
1.47×
Q1 25
1.39×
Q4 24
1.59×
Q3 24
1.53×
Q2 24
1.60×
Q1 24
1.71×

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
VIASP
VIASP
Operating Cash FlowLast quarter
$9.2M
$-4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NYAX
NYAX
VIASP
VIASP
Q4 25
$-4.2M
Q3 25
$2.4M
Q2 25
$19.0M
Q1 25
$24.9M
Q4 24
$2.0M
Q3 24
$20.1M
Q2 24
$9.2M
$11.2M
Q1 24
$17.1M
Free Cash Flow
NYAX
NYAX
VIASP
VIASP
Q4 25
$-4.8M
Q3 25
$1.9M
Q2 25
$18.4M
Q1 25
$23.5M
Q4 24
$1.6M
Q3 24
$19.7M
Q2 24
$10.9M
Q1 24
$16.6M
FCF Margin
NYAX
NYAX
VIASP
VIASP
Q4 25
-3.7%
Q3 25
1.9%
Q2 25
20.5%
Q1 25
16.5%
Q4 24
1.5%
Q3 24
21.0%
Q2 24
12.6%
Q1 24
14.6%
Capex Intensity
NYAX
NYAX
VIASP
VIASP
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
0.4%
Q3 24
0.4%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
NYAX
NYAX
VIASP
VIASP
Q4 25
-0.61×
Q3 25
3.12×
Q2 25
6.94×
Q1 25
2.84×
Q4 24
0.20×
Q3 24
9.41×
Q2 24
1.47×
Q1 24
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NYAX
NYAX

Segment breakdown not available.

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

Related Comparisons