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

Zhihu Inc. is the larger business by last-quarter revenue ($92.0M vs $78.1M, roughly 1.2× Nayax Ltd.). Zhihu Inc. runs the higher net margin — 32.7% vs -3.9%, a 36.6% 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.

Zhihu is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, China, the website launched on January 26, 2011. The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

NYAX vs ZH — Head-to-Head

Bigger by revenue
ZH
ZH
1.2× larger
ZH
$92.0M
$78.1M
NYAX
Higher net margin
ZH
ZH
36.6% more per $
ZH
32.7%
-3.9%
NYAX

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
NYAX
NYAX
ZH
ZH
Revenue
$78.1M
$92.0M
Net Profit
$-3.0M
$30.1M
Gross Margin
44.3%
53.6%
Operating Margin
1.2%
Net Margin
-3.9%
32.7%
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
ZH
ZH
Q1 26
$92.0M
Q3 25
$92.6M
Q2 25
$100.1M
Q1 25
$100.6M
Q3 24
$120.4M
Q2 24
$78.1M
$128.5M
Q1 24
$133.1M
Q3 23
$140.1M
Net Profit
NYAX
NYAX
ZH
ZH
Q1 26
$30.1M
Q3 25
Q2 25
Q1 25
Q3 24
$-1.3M
Q2 24
$-3.0M
$-11.1M
Q1 24
$-23.0M
Q3 23
$-38.2M
Gross Margin
NYAX
NYAX
ZH
ZH
Q1 26
53.6%
Q3 25
61.3%
Q2 25
62.5%
Q1 25
61.8%
Q3 24
63.9%
Q2 24
44.3%
59.6%
Q1 24
56.6%
Q3 23
53.7%
Operating Margin
NYAX
NYAX
ZH
ZH
Q1 26
Q3 25
-15.1%
Q2 25
-12.7%
Q1 25
Q3 24
-10.0%
Q2 24
1.2%
-19.7%
Q1 24
-23.4%
Q3 23
-34.3%
Net Margin
NYAX
NYAX
ZH
ZH
Q1 26
32.7%
Q3 25
Q2 25
Q1 25
Q3 24
-1.1%
Q2 24
-3.9%
-8.6%
Q1 24
-17.3%
Q3 23
-27.2%
EPS (diluted)
NYAX
NYAX
ZH
ZH
Q1 26
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$-0.08
Q1 24
Q3 23

Balance Sheet & Financial Strength

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

Metric
NYAX
NYAX
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$61.9M
$481.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$158.7M
$554.1M
Total Assets
$434.7M
$742.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
ZH
ZH
Q1 26
$481.8M
Q3 25
$383.5M
Q2 25
$446.5M
Q1 25
$446.5M
Q3 24
$458.0M
Q2 24
$61.9M
$434.7M
Q1 24
$303.9M
Q3 23
$429.4M
Stockholders' Equity
NYAX
NYAX
ZH
ZH
Q1 26
$554.1M
Q3 25
$578.9M
Q2 25
$587.4M
Q1 25
$573.2M
Q3 24
$619.2M
Q2 24
$158.7M
$605.5M
Q1 24
$624.3M
Q3 23
$682.8M
Total Assets
NYAX
NYAX
ZH
ZH
Q1 26
$742.3M
Q3 25
$772.8M
Q2 25
$802.2M
Q1 25
$783.1M
Q3 24
$856.2M
Q2 24
$434.7M
$840.5M
Q1 24
$905.1M
Q3 23
$966.0M

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
ZH
ZH
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
ZH
ZH
Q1 26
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$9.2M
Q1 24
Q3 23

Financial Flow Comparison

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

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