Blackberry vs Nayax
Blackberry is the larger business, with $549m of revenue in fiscal 2026 against $400m for Nayax (1.4 times as much). Nayax grew faster (27.5% against 2.7%). Blackberry kept more of each dollar of sales as profit: a net margin of 9.7% against 8.9%. Blackberry carries less debt relative to equity (26.3% against 135.9%).
| Latest fiscal year | BlackberryBB, 2026 | NayaxNYAX, 2025 |
|---|---|---|
| Revenue | $549m | $400m |
| Revenue growth | 2.7% | 27.5% |
| Net income | $53.2m | $35.5m |
| Operating margin | 8.8% | 9.4% |
| Net margin | 9.7% | 8.9% |
| Return on equity | 7.3% | 17.9% |
| Free cash flow | $46.5m | $35.0m |
| Cash | $275m | $320m |
| Total debt | $197m | $314m |
| Debt to equity | 26.3% | 135.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $60.7m | — |
| Employees | — | — |
| Market value | $4.82bn | $1.84bn |
| Price vs our value range | — | Above our value range |
| Moat score | 43 (Weak) | — |
| Insider trades, 12 months | 0 buys, 45 sales | 19 buys, 57 sales |