Mid-cap

Paymentus runs the digital infrastructure behind bill payments for utilities, governments, insurers, and other large billers. Rapid revenue expansion, rising cash generation, and a very low-debt balance sheet make its long-term operating progress worth a closer look.

Nayax provides payment, software, and management tools for vending and other self-service machines. Revenue growth has stayed strong, profitability has turned positive, and free cash flow is improving, making its platform model increasingly important to watch.

NetScout provides network visibility and DDoS protection for large enterprises and telecom operators. The latest picture combines stronger profitability, robust cash generation, and very low debt, making its operational recovery worth a closer look.

NextNav develops terrestrial positioning and timing technology aimed at places where GPS is less effective, especially indoors and in dense cities. The appeal comes from its spectrum assets, public safety relevance, and the possibility of becoming useful infrastructure if adoption broadens.