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IDT

IDTB
NYSE / Telecommunication Services
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2026-06-02
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2026-05-27
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Earnings documents stored for IDT.

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Investor releaseQuarter not tagged2026-05-27

IDT Corporation to Report Third Quarter Fiscal Year 2026 Results

GlobeNewswire

NEWARK, N.J., May 27, 2026 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, has scheduled its report of financial and operational results for the third quarter fiscal year 2026 (the three months ended April 30, 2026) on Wednesday, June 3, 2026. IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and-media) at approximately 4:30 PM Eastern. IDT will host an earnings conference call beginning at 5:30 PM Eastern with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-877-545-0523 (toll-free from the US) or 1-973-528-0016 (international) and provide the following access code: 181062. A replay of the conference call will be available approximately three hours after the call concludes through June 17th, 2026. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 54085. The replay will also be accessible via streaming audio at the IDT investor relations website. ABOUT IDT CORPORATION IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions’ (NRS) point-of-sale (POS) platform enables independent retailers to process transactions and operate more effectively while providing advertisers and marketers with reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides businesses with unified communications and AI-driven workflow solutions to enhance customer experience at scale; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging. Contact: Bill Ulrey IDT Investor Relations Phone: (973) 438-3838 E-mail: [email protected] ###

Investor releaseQuarter not tagged2026-03-13

IDT Stock Slips Post Q2 Earnings Despite Revenue and EPS Growth

Zacks

Shares of IDT Corporation IDT have lost 3.1% since the company reported its earnings for the quarter ended Jan. 31, 2026. This compares to the S&P 500 Index’s 1.7% loss over the same time frame. Over the past month, the stock gained 0.8% against the S&P 500’s 2.3% decline. For the second quarter of fiscal 2026, IDT reported revenues of $320.5 million, up 5.7% from $303.3 million in the year-ago quarter. GAAP earnings per share (EPS) rose 5% to $0.84 from $0.80 a year earlier, while non-GAAP EPS increased 19% to $1.00 from $0.84. Gross profit increased 8.2% year over year to $121.3 million from $112.1 million, with gross margin improving to 37.8% from 37%. Adjusted EBITDA rose 9% to $38 million from $34.9 million. Segment-wise, the National Retail Solutions (NRS) business generated revenues of $39.4 million, up 19% from $33 million in the prior-year period. The Fintech segment, which includes BOSS Money, recorded revenues of $41.2 million, an increase of 12% from $36.8 million a year ago. net2phone posted revenues of $23.9 million, rising 11% from $21.5 million. Traditional Communications remained the largest segment with revenues of $216.1 million, up 2% year over year from $212 million, though profitability declined within the segment. IDT’s NRS platform continued to expand its merchant network and recurring revenue base during the quarter. Active POS terminals increased 12% year over year to 38,900 from 34,800, while payment processing accounts rose 18% to 28,100 from 23,900. Total recurring revenue climbed 18% to $37.5 million from $31.6 million, supported by strong growth in merchant services revenue, which increased 32%, and SaaS fees, which rose 26%. Advertising and data revenue declined 10%, reflecting softer advertising pricing. NRS revenue growth translated into a 20% increase in gross profit to $36.3 million from $30.3 million and a 15% rise in adjusted EBITDA to $11.8 million from $10.3 million. In the Fintech segment, BOSS Money transactions increased 13% year over year to 6.4 million from $5.7 million. Digital channel transactions rose 17%, while retail channel transactions declined 4%. Total Fintech revenue grew 12% to $41.2 million from $36.8 million, with digital channel revenue increasing 14%. Gross profit in the segment rose 15% to $25 million from $21.7 million, and adjusted EBITDA jumped 44% to $5.6 million from $3.9 million, reflecting i...

Investor releaseQuarter not tagged2026-03-11

IDT Corporation Reports Second Quarter Fiscal Year 2026 Results

GlobeNewswire

Record quarterly gross profit, gross profit margin, Adjusted EBITDA* and Non-GAAP EPS* Income from operations at NRS, Fintech and net2phone segments increased by 12%, 32% and 96%, respectively 1H FY2026 stock repurchases totaled 308K shares for $15 million. IDT increases annual dividend 17% to $0.28 NEWARK, NJ, March 10, 2026 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, today reported results for the second quarter of its fiscal year 2026, the three months ended January 31, 2026. 2Q26 CONSOLIDATED HIGHLIGHTS Throughout this release, unless otherwise noted, results for the second quarter of fiscal year 2026 (2Q26) are compared to the second quarter of fiscal year 2025 (2Q25). *This release discloses certain Non-GAAP financial measures as well as certain Key Performance Metrics. Please see the explanations of those measures and metrics, the reasons for their inclusion, and reconciliations of non-GAAP measures to their closest GAAP measures, at the end of this release. REMARKS BY SHMUEL JONAS, CEO “NRS’, BOSS Money’s and net2phone’s top and bottom-line expansion drove IDT’s strong overall results again this quarter. “NRS recurring revenue grew year-over-year powered by large increases in Merchant Services and SaaS fee revenues. This quarter, we continued to make progress on initiatives to drive additional Merchant Services and SaaS growth and expand our delivery partnerships. We are also developing offerings for differentiated retailer verticals. Advertising & Data results came in lower than we expected after decreases in CPM rates pressured revenues. “At BOSS Money, our digital channel continued to outperform relative to the industry, as transactions increased 17% year-over-year. The new federal remittance tax, which applies mainly to transactions originated with cash, went into effect on January 1st. As expected, the tax implementation has accelerated customer migration from the lower-margin retail channel to the higher-margin digital channel, and you will begin to see those positive impacts next quarter. “net2phone’s bottom line continues to benefit from its strengthening gross margins and operating leverage, and this quarter we also got a boost from favorable foreign exchange rates. Looking ahead, our AI offerings are generating very positive customer reviews and increased spend. Based on these...

Investor releaseQuarter not tagged2026-03-11

IDT Corp (IDT) Q2 2026 Earnings Call Highlights: Strong Growth in Digital Channels and ...

GuruFocus.com

This article first appeared on GuruFocus. Adjusted EBITDA: Increased guidance to $147 million to $149 million, up from $141 million to $145 million. Adjusted EBITDA Growth: 12% increase compared to fiscal 2025 actuals. Adjusted EBITDA Contribution: Growth segments contributed 53% of consolidated adjusted EBITDA less CapEx, up from 45% year-over-year. Net2phone Adjusted EBITDA: Increased 37% year-over-year to $3.9 million in Q2. BOSS Money Digital Channel Transactions: Increased 17% year-over-year. BOSS Money Adjusted EBITDA: Increased 44% compared to a year ago. Traditional Communications Adjusted EBITDA: Declined by 3.5% in the first six months compared to the same period a year earlier. Share Repurchases: $15 million in the first six months of fiscal '26, compared to $18 million in fiscal 2025 and $11 million in fiscal '24. Dividend Increase: Annual dividend increased by 17% to $0.28 per year. Warning! GuruFocus has detected 2 Warning Sign with IDT. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Is IDT fairly valued? Test your thesis with our free DCF calculator. Release Date: March 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. IDT Corp (NYSE:IDT) reported strong overall results driven by top and bottom line expansion in NRS, BOSS Money, and net2phone. NRS recurring revenue grew year-over-year, with significant increases in merchant services and SaaS fee revenues. BOSS Money's digital channel transactions increased by 17% year-over-year, benefiting from a shift to higher-margin digital channels. net2phone experienced a 37% year-over-year increase in adjusted EBITDA, aided by favorable foreign exchange rates and disciplined spending. IDT Corp (NYSE:IDT) raised its consolidated adjusted EBITDA guidance for fiscal 2026, reflecting positive developments across its segments. Advertising and data results were lower than expected due to decreases in CPM rates, impacting revenues. Traditional Communications segment saw a decrease in adjusted EBITDA compared to the previous year. SG&A expenses increased, partly due to new product development and hiring in advance of product launches. The remittance industry faced challenges due to new federal tax policies, impacting retail-originated transactio...

Investor releaseQuarter not tagged2026-03-11

IDT: Fiscal Q2 Earnings Snapshot

Associated Press Finance

NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — IDT Corp. (IDT) on Tuesday reported profit of $20.9 million in its fiscal second quarter. The Newark, New Jersey-based company said it had net income of 84 cents per share. Earnings, adjusted for one-time gains and costs, were $1 per share. The telecommunications company posted revenue of $320.5 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDT at https://www.zacks.com/ap/IDT

TranscriptFY2026 Q22026-03-10

FY2026 Q2 earnings call transcript

Earnings source - 51 paragraphs
Operator

Good evening. Welcome to the IDT Corporation second quarter fiscal year 2026 earnings conference call. All participants are now in a listen-only mode. A question-and-answer session will follow management's remarks. Anyone requiring operator assistance during the conference call should press star zero on your telephone keypad. Please note, this conference call is being recorded. I will now turn the call over to Bill Ulrey of IDT Investor Relations. Bill, you may begin.

Bill Ulrey

Thank you, John. In today's presentation, IDT's Chief Executive Officer, Shmuel Jonas and Chief Financial Officer, Marcelo Fischer, will discuss IDT's financial and operational results for the three months ended 31 January 2026. After their remarks, they will be happy to take your questions. Any forward-looking statements made during this conference call, either in their remarks or during the Q&A that follows, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include but are not limited to, specific risks and uncertainties discussed in the reports that IDT files periodically with the SEC.

Bill Ulrey

IDT assumes no obligation either to update any forward-looking statements that they have made or may make or to update the factors that may cause actual results to differ materially from those that they forecast. In their presentation or in the Q&A session, IDT's management may make reference to non-GAAP adjusted measures, including adjusted EBITDA, adjusted EBITDA margin, non-GAAP earnings per share, NRS's Rule of 40 score and adjusted net cash provided by operating activities. Schedules provided in the IDT earnings release reconcile these non-GAAP measures to their nearest corresponding GAAP measures. Please note that the IDT earnings release is available on the investor relations page of the IDT Corporation website. The earnings release has also been filed on a Form 8-K with the SEC. Now I'll turn the call over to Shmuel for his comments on the quarter's results.

Shmuel Jonas

Thank you, Bill and thank you to everyone who joined the call. NRS and BOSS Money and Net2Phone's top and bottom lines expansion drove IDT's strong overall results again this quarter. NRS recurring revenue grew year-over-year, powered by large increases in merchant services and SaaS fee revenues. This quarter, we continue to make progress on initiatives to drive additional merchant services and SaaS growth and expand our delivery partnerships. We are also developing offerings for differentiated retailer verticals. Advertising and data results came in lower than we expected after decreases in CPM rates pressured revenues. At BOSS Money, our digital channel continued to outperform relative to the industry as transactions increased 17% year-over-year. The new federal remittance tax, which applies mainly to transactions originated with cash, went into effect on 1 January.

Shmuel Jonas

As expected, the tax implementation has accelerated customer migration from the lower margin retail channel to the higher margin digital channel and you will begin to see those positive impacts next quarter. Net2Phone's bottom line continues to benefit from its strengthening gross margins and operating leverage. This quarter, we also got a boost from favorable foreign exchange rates. Looking ahead, our AI offerings are generating very positive customer reviews and increased spend. Based on these early results, we are writing a new offering, Agentic AI, seamlessly integrated with Unified Communications with a go-to-market strategy targeting both direct and channel sales to small and medium businesses. Traditional Communications remained a strong cash generator.

Shmuel Jonas

The segment contributed $19 million in adjusted EBITDA during the second quarter, a decrease from the year ago quarter but approximately the same as in the prior two quarters. Because of our recent strong financial and operational performance growth and outlook and balance sheet, we again repurchased stock in the second quarter and our board has increased our annual dividend by 17% to $0.28 per year. Now, Marcelo, who is more of a gifted orator than I, will discuss our financial results. I also just can't go without saying that our hearts and prayers are with all of our soldiers abroad and we hope that you come home safely.

Marcelo Fischer

Thank you, Shmuel. My remarks on our financial results for the second quarter of fiscal year 2026 will focus on the year-over-year comparisons to set aside seasonal impacts on our business. IDT achieved record levels in several key consolidated financial metrics in the second quarter. Gross profit, gross profit margin, adjusted EBITDA, adjusted EBITDA margin and non-GAAP EPS. These results were very much in line with our recent year-over-year growth trajectory. The underlying positive dynamic at IDT remains the same as it has been for several years. Namely, our consolidated results increasingly reflect the growing contributions of our three higher margin growth segments, NRS, Fintech and Net2Phone, while the contributions of our larger low margin Traditional Communications segment become relatively less impactful.

Marcelo Fischer

To date, we have been pleased by the speed with which each of our three growth segments have increased their cash flow contribution. In aggregate, these three segments contributed during Q2, 53% of IDT's consolidated adjusted EBITDA less CapEx, which we view as our proxy for free cash flow, compared to 45% in the year-ago quarter. Given this ongoing rotation, plus our strong results through the first half of the year and our positive outlook, we have begun to increase our allocation to shareholder returns. Shmuel already mentioned the increased levels of our share buyback and our dividend. I just want to add that the increase in our dividend marks the second consecutive year of dividend increases and we hope and expect to be in a position to continue increasing the dividend in the years ahead.

Marcelo Fischer

Also of note is that the $15 million of stock repurchases in the first six months of fiscal 2026 put us on track to exceed the rate of share buybacks compared to the preceding years. We allocated $18 million to share repurchases in all of fiscal 2025 and $11 million in fiscal 2024. Now, I want to discuss our outlook for the remainder of the year. IDT raised its consolidated adjusted EBITDA guidance for fiscal 2026 from the $141-$145 million range we shared at the start of the year to now being $147-$149 million. At the midpoint, this revised guidance is a $5 million adjusted EBITDA increase and a 12% increase compared to fiscal 2025 actuals. The guidance increase reflects certain developments in each of our segments.

Marcelo Fischer

At Net2Phone, our initial guidance made at the beginning of the year was predicated on the assumption that increased investment in AI product development would pressure adjusted EBITDA growth. It has not worked out that way. The Net2Phone team have been extraordinarily disciplined and made excellent progress thus far this fiscal year, developing and refining its AI offerings with only modest increases in spend. That approach drove a 37% year-over-year increase in adjusted EBITDA to $3.9 million in the second quarter, a stronger increase than we anticipated. For the remainder of this fiscal year, we expect Net2Phone's adjusted EBITDA growth rate to moderate somewhat as the increased investment in growth initiatives during second half of the year, is expected.

Marcelo Fischer

At BOSS Money, federal immigration policies and the new federal tax on remittances that took effect on 1 January have had a massive impact on the remittance industry, no question. The impact has been felt primarily on transactions originated at retailer agents rather than those initiated through a digital channel. As such, IDT have benefited from an accelerated rotation from higher revenue but lower margin retail channel transactions to relatively much lower revenue but higher margin digital channel transactions. This rotation has also been accelerated by our decision to maximize net new cash generation at BOSS Money retail. As a result, our higher margin digital channel transactions increased at 17% year-over-year. That helped to drive a 15% increase in Fintech segment gross profit in the second quarter.

Marcelo Fischer

We are also achieving significant cost advantages as the money transfer business continues to scale, specifically by negotiating better terms with our payout agents, as well as by continuing to integrate AI into our back-office operations. The combination of stronger GP and more efficient operations drove a 44% increase in adjusted EBITDA compared to a year ago, well ahead of the pace we had envisioned in our original guidance. At Traditional Communications, we once again were very pleased by our ability to extract more cash from our telecom businesses. To date this year, our BOSS Revolution calling business has been a true standout. Revenue is down by double digits, as we did expect it and continue to foresee going forward but gross profit has been rock steady over the past year.

Marcelo Fischer

The BOSS Revolution team has done an amazing job developing and bringing to market international prepaid calling plans that have significantly improved the unit economics of this business. Helping traditional business adjusted EBITDA to decline by just 3.5% in the first six months of the year compared to the same period a year earlier, which represents a lower rate of decline than we had expected in our original guidance. Finally, at NRS, merchant services and SaaS fee revenue outperformed our expectations. As Shmuel mentioned, the broader market softening in CPM rates in certain segments of our advertising markets offset those gains. That adjusted EBITDA remains on track with our original guidance to achieve our forecast range of 20%-25% growth for fiscal 2026.

Marcelo Fischer

To sum up, overall, we are very pleased with our financial results so far this year and are continuing to build on our momentum. Now Shmuel and I will do our best to answer your questions. Operator, back to you for Q&A.

Operator

The question and answer session will now begin. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment please while we assemble the roster. Our first question is from Iñigo Alonso with Stoic Capital. Please proceed.

Iñigo Alonso

Hello, Shmuel, Marcelo and Bill. I would like to ask four questions. I'll start with NRS. The first one, a couple of questions on NRS. Are we going to see the monthly report again? We haven't seen the release for this year. In the past, you have mentioned how the opportunities for growth are ample and I was wondering if you could provide some color on the execution level at the group in this quarter for those opportunities and maybe some color on why SG&A went up and advertising picked up a little bit from last quarter.

Shmuel Jonas

On the first question, why the NRS release didn't go out, I don't know. I'd have to check.

Marcelo Fischer

It comes out probably tomorrow or the day after.

Shmuel Jonas

As far as your second question on the pickup in SG&A, you know, again, I would say it's probably a couple different things. There's no one answer, unfortunately. One is maybe I should be watching them a little closer. Number two is that, you know, we are sort of beginning to sell a new product inside of NRS and we've done some hiring sort of in advance of it coming out. That has probably led to some increase in SG&A. The third piece is, you know, I would say that probably a larger percentage of our sales came through resellers recently and they, you know, have a slightly higher, you know, percentage goes back to them. I think that those are probably the three main effects. Did I miss one of your questions?

Iñigo Alonso

Yeah. The other one was on ad dynamics and if you can give some color on those opportunities that you have been working on.

Shmuel Jonas

I mean, again, you know, we continue to, you know, work every day to try to, you know, increase our advertising sales. You know, as you know, we've had, you know, a couple different challenges, you know, including, you know, a partner that we worked with for quite some time that's no longer in business. I think that, you know, overall they're doing, you know, their best to get through this period. I think that, you know, going forward, we're gonna do a much better job of really connecting the data that we have with the ads that we're trying to sell and we think that that's going to be, you know, a much bigger contributor to volume going forward.

Shmuel Jonas

Unfortunately, like, it wasn't, you know, yet a big enough contributor but, you know, we expect that to be, you know, what helps NRS ads turn the corner.

Iñigo Alonso

Okay. On BOSS Money, obviously this was an important release because it was the first month of January including the results and that is after the tax change. We have seen a revenue decrease quarter-over-quarter, which is logical because you have seasonal promotions that you run in the winter and you're probably trying to get customers, so part of it might be due to customer acquisition costs. I would appreciate color on, obviously, you know, the surveys that we have done in the markets so we see that immigrant communities are aware of this tax transition and they are adapting quickly to minimize their cost in remittances. Can you provide a picture of how many new users are you getting compared to what it has been in the past and maybe explain that revenue decrease quarter-over-quarter?

Iñigo Alonso

Is it due to increased competition from retail players going digital or is it purely due to customer acquisition costs?

Shmuel Jonas

You know, I'll let Marcelo answer it a little bit more thoroughly but I mean, one thing I'll say is that you know, we had a weaker November and December than we had planned for. Frankly, we don't know why. Just you know, it was just weaker than we expected. January picked up quite dramatically and you know, it's picked up since then as well. I'll let Marcelo answer.

Marcelo Fischer

Yeah, I mean, yeah, Shmuel is right. I mean, since the remittance tax kicked in in January, we saw digital transactions increased significantly and that impacted Q2 by only one month. Now as we go into Q3, we continue to see a very nice uptick in digital transactions during February and now as we go into March. I mean, just now we ourselves are still trying to better determine, you know, how significant the remittance tax is going to be impacting the dynamics. You know, there is no question that we are seeing some of our retail customers migrating into our app. So some of the apples on our apple tree are moving to digital.

Marcelo Fischer

I think more than that is that I think we are picking up apples, the little apples from other players as well and adding those apples into our digital offering. I think that's driving digital transactions. For example, this past week was our third-best week ever in transactions for BOSS Money behind just the week of Christmas and the week of Mother's Day, right, which typically are the strongest weeks, right? In general, March, you should have a nice uplift seasonally. We've seen that in previous years. It's a bit early to tell. You know, we also are trying to, you know, get our hands around how strong this shift to digital is going to continue to be. It's a bit too early to tell but so far it has been good sailing since the tax kicked in.

Iñigo Alonso

Really good. Big-picture question, not related to this quarter performance. In 2021, you acquire a minority stake in MarketSpark. That company recently turned profitable. I was wondering, what's the plan with MarketSpark? Do you have any call options to acquire the full business? Is it planning to go public in the future? How do you see that investment today?

Shmuel Jonas

I don't think that I can really comment on that. I mean, I'm a board member and I wouldn't feel comfortable commenting on their business without their, you know, authorization to do so.

Marcelo Fischer

Right. We have a minority stake in that company.

Iñigo Alonso

Okay. Last one. Last quarter, you mentioned how on the M&A front you were planning your next big move. Do you have any updates on the future in terms of M&A and if those conversations at all are still progressing adequately?

Shmuel Jonas

Not right now.

Iñigo Alonso

Okay. Thank you.

Shmuel Jonas

Thank you.

Operator

Again, if you have a question, please press star then one. Okay, we have a question coming from William Vaughan with Corient. Please proceed.

William Vaughan

Hey, guys. Congrats on the quarter. My first question relates to NRS. Just wonder if you guys could give us some commentary just on the general single store operator convenience bodega market. Like, what trends are you guys seeing? I know in the past it's been mentioned that there is a little bit of an effect in terms of store traffic from the immigration policies. Has that changed? Are you seeing any trends or any type of commentary you can give on the economics around those businesses and what the NRS side is seeing, that'll be helpful.

Marcelo Fischer

Yeah, I mean, I think ultimately what drives the economics of the single retailer that we service is probably a lot less about immigration issue. Now, that could be a factor, maybe certain markets in certain locations. But by and large, I think it's more, they're much, much more a reflection of the larger economy, you know, on the side of the customer pocket, affordability. So I think that, you know, inflation and all and other measures of customer demand are much more of a factor impacting how the retailers are doing than the immigration side. So far over the past, you know, few retailer reports that we put out on a monthly basis, you know, we have seen that the retailers continue to grow the businesses that are now quite nice percentages.

Marcelo Fischer

I think that overall when you look at our 35,000+ retailers, you know, I think that category remains quite strong.

William Vaughan

Okay. Good color. Another question on BOSS Money. Nice growth in the quarter. It sounds like you mentioned that the digital transaction business might be accelerating, maybe in the second quarter. Just wondering if you could give some color on that. Also, like, what do the competitive dynamics look like in the business? There are some other digital-first players that have shown really good growth in their previous quarter in their filings as well. Just if you could comment on the competitive positioning, thoughts on investments in that business in terms of increased possible marketing to compete with those players. How do you guys think about that?

Shmuel Jonas

I mean, you know, again, as we, I guess, answered in the last question, you know, it's definitely accelerating. I mean, in terms of competition, you know, we have some very strong, you know, competitors, you know, both from the traditional players as well as the, you know, only digital players. You know, I'm sure, you know, that they're also benefiting from, you know, the change from, you know, a retail, you know, driven business to a digital-driven business. That being said, you know, I think that, you know, we really do have, you know, an excellent, you know, app and an excellent experience for our customers. You know, we received probably, you know, by at least some measurements, the highest ratings of any app, you know, in the U.S..

Shmuel Jonas

You know, we think that, you know, there's a reason why our customers, you know, come to us and stay with us. you know, our pricing is, you know, extremely competitive. You know, the experience as I said, is extremely good. you know, if I were looking for a money transfer service myself, I would use BOSS Money. that being said, you know, we do have strong competitors and it's a competitive market. you know, we are, you know, spending, I would say probably also more acquiring customers than we have in the past, just because, you know, we have been, you know, doing a good job bringing on customers, so might as well spend money to get more of them. keeping them.

Marcelo Fischer

Yeah. I'll just add now what I just mentioned in my own remarks. Something to bear in mind is that, as you know, revenues at retail are significantly higher than revenues that are derived digitally. I think this is true for us. It's probably true for other players in the industry as well. The reason being is that now when we sell something at retail, we charge a much higher fee because usually half of that fee then goes back to the retailer, you know, either the cost of goods sold or something like that. In general, revenue per transaction is much higher at retail than in digital. But as for us, our digital net margins are significantly higher than retail.

Marcelo Fischer

To some extent, now you're seeing that dichotomy that on one hand our revenues continue to grow because of digital but maybe not as fast as they used to. Some of it is because the retail revenues are coming down, which is about now almost two times as high as our digital revenues. At the same time, you see our EBITDA growing at a much faster clip because the margins at digital are so much higher.

William Vaughan

Awesome. Great color. Last question. I was definitely pleased to see the buyback this quarter. Just in terms of capital allocation, the buyback is of $50 million or so, definitely a great first step. But if I'm thinking about the businesses, you got some really cash generative businesses here. The three high growth businesses, plus even the legacy business. The current capital allocation plan, it's great but it doesn't actually put a huge dent in the cash position. How are you guys think about going forward? Is it do buybacks kind of keep the cash where it is right now and maybe wait for a bigger opportunity for M&A transaction?

William Vaughan

Do you expect buybacks to eventually sort of start eating away at the large cash position that you have?

Shmuel Jonas

I would probably say the first rather than the second. I don't expect, you know, cash to, you know, materially decline from where it is. I think we, you know, prefer having more cash, you know, available for, you know, for lots of different purposes, you know, including potential acquisitions. You know, that being said, you know, as you're pointing out, the businesses are very cash generative and, you know, we intend to, you know, continue to purchase back shares, you know, depending on the price, more or less opportunistically. We increased the dividend this quarter, as you know. We try to be as responsible as we can.

William Vaughan

Awesome, guys. Thanks for answering my questions. Keep up the good work.

Shmuel Jonas

Thank you very much.

Marcelo Fischer

Thank you.

Operator

Again, if you have a question, please press star then one. As there are no more questions, this concludes our question and answer session and conference call. Thank you for attending today's presentation. You may now disconnect.

Shmuel Jonas

Thank you.

Investor releaseQuarter not tagged2026-02-26

IDT (IDT) Valuation Check After Expanded Buybacks And Resilient Telecom And Fintech Results

Simply Wall St.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. IDT (IDT) has expanded its share repurchase program after reporting resilient telecom and fintech results, a decision that puts capital returns and operating discipline at the center of the current equity story. For you as a shareholder or potential investor, this combination of buybacks, margin focus, and selective investment shifts attention from headline revenue toward how effectively each dollar is being used to support long term value. See our latest analysis for IDT. IDT’s share price has recently moved higher, with a 1 month share price return of 5.71% and a 7 day return of 4.36%, while the 3 year total shareholder return of 68.88% and 5 year total shareholder return of 181.43% reflect a longer period where patient holders have seen meaningful value creation. If IDT’s steady execution has your attention, it could be a good moment to broaden your watchlist with our screener of 21 top founder-led companies that might not yet be on your radar. With IDT trading at $50.75 against an $80.00 analyst target and an estimated intrinsic discount of 83.56%, plus a value score of 3, is the market offering a mispriced opportunity or already looking through to future growth? At $50.75, IDT is trading well below the most followed fair value estimate of $80.00, which hinges on steady profitability and a higher future earnings multiple. With ongoing subscription revenue growth and strategic investments in AI and digital channels, net2phone's future performance is expected to boost revenue and improve adjusted EBITDA margins. Read the complete narrative. Want to understand why a stable top line with only modest margin gains still supports a higher future earnings base and richer P/E multiple? The most followed narrative leans on detailed forecasts for revenue mix, profitability, and what kind of valuation the market could be willing to pay for those earnings a few years out. If you are curious which assumptions do the heavy lifting in that $80.00 fair value, the full story lays them out clearly. Result: Fair Value of $80 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on BOSS Money’s working capital needs and acquisition-led expansion, where tighter cash flows or in...

Investor releaseQuarter not tagged2026-02-25

IDT Corporation to Report Second Quarter Fiscal Year 2026 Results

GlobeNewswire

NEWARK, N.J., Feb. 25, 2026 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, has scheduled its report of financial and operational results for the second quarter fiscal year 2026 (the three months ended January 31, 2026) on Tuesday, March 10, 2026. IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and-media) at approximately 4:30 PM Eastern. IDT will host an earnings conference call beginning at 5:30 PM Eastern with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following access code: 838615. A replay of the conference call will be available approximately three hours after the call concludes through March 24, 2026. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 53592. The replay will also be accessible via streaming audio at the IDT investor relations website. ABOUT IDT CORPORATION IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions’ (NRS) point-of-sale (POS) platform enables independent retailers to operate more effectively while providing advertisers and marketers with reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides businesses with unified communications, customer experience, and AI-driven workflow solutions; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging. Contact: Bill Ulrey IDT Investor Relations Phone: (973) 438-3838 E-mail: [email protected] ###

Investor releaseQuarter not tagged2025-12-17

IDT's (NYSE:IDT) Solid Earnings Are Supported By Other Strong Factors

Simply Wall St.

Even though IDT Corporation (NYSE:IDT ) posted strong earnings, investors appeared to be underwhelmed. Our analysis says that investors should be optimistic, as the strong profit is built on solid foundations. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a company's profit is not backed by free cashflow. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to October 2025, IDT had an accrual ratio of -0.12. That implies it has good cash conversion, and implies that its free cash flow solidly exceeded its profit last year. To wit, it produced free cash flow of US$95m during the period, dwarfing its reported profit of US$81.2m. IDT's free cash flow improved over the last year, which is generally good to see. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, IDT has perfectly satisfactory free cash flow relative to profit. Because of this, we think IDT's earnings potential is at least as good as it seems, and maybe even better! Better yet, its EPS are growing strongly, which is nice to see. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you'd like to know more about IDT as a business, it's important to be aware of any risks it's facing. In terms of investment risks, we've identified 1 warning sign with IDT, and understanding it should be part of your investment process. Today w...

Investor releaseQuarter not tagged2025-12-11

IDT Stock Dips Post Q1 Earnings Despite Strength Across Key Businesses

Zacks

Shares of IDT Corporation IDT have lost 2.1% since the company reported its earnings for the quarter ended Oct. 31, 2025. This compares to the S&P 500 Index’s 0.2% loss over the same time frame. Over the past month, the stock lost 6.3% against the S&P 500’s 0.4% rise. IDT posted solid first-quarter fiscal 2026 results, with revenue rising 4.3% year over year to $322.8 million from $309.6 million. Income from operations climbed 30.8% to $30.9 million from $23.6 million. Net income attributable to IDT increased 29.6% to $22.4 million from $17.2 million, while GAAP earnings per share (EPS) improved 30.9% to $0.89 from $0.68 a year ago. On a non-GAAP basis, diluted EPS advanced 32.4% to $0.94 from $0.71. Profitability strengthened as gross profit climbed 9.8% to $118.2 million from $107.6 million, and gross margin expanded 180 basis points to 36.6% from 34.8%. Adjusted EBITDA increased 26% to $37.9 million from $30 million. National Retail Solutions (NRS): NRS posted another strong quarter, reflecting robust merchant adoption and higher usage trends. Total revenue increased 22% year over year to $37.1 million from $30.4 million, with recurring revenue reaching $35.3 million from $28.9 million, up 22%. Merchant Services revenue surged 38%, SaaS Fees grew 30%, while Advertising & Data fell 15%, partly due to lower industrywide CPMs. Gross profit rose 21% to $33.5 million from $27.6 million, and income from operations jumped 35% to $8.9 million from $6.6 million. Adjusted EBITDA increased 33% to $10.3 million from $7.7 million. NRS also saw active POS terminals expand by 4,800 year over year to 37,900 from 33,100, while the monthly average recurring revenue per terminal rose 6% to $313 from $295. Fintech (including BOSS Money): Fintech delivered some of the quarter’s strongest gains. Total segment revenue grew 15% to $42.7 million from $37.1 million, led by a 20% rise in digital channel revenue. Digital send volume increased 34% year over year, reflecting higher transactions and greater average dollars remitted. Income from operations rose 97% to $6.4 million from $3.2 million, and adjusted EBITDA surged 87% to $7.5 million from $4 million. Average revenue per transaction declined 4%, but overall profitability improved due to reduced chargebacks, lower payout commissions and improved operational efficiency. net2phone: Subscription revenue increased 10% to $23.0 mil...

Investor releaseQuarter not tagged2025-12-10

IDT Corp (IDT) Q1 2026 Earnings Call Highlights: Record Profits and Strategic Growth Amid Challenges

GuruFocus.com

This article first appeared on GuruFocus. Consolidated Revenue: Increased 4% to $323 million. Gross Profit: Increased 10% to a record $118 million. Gross Margin: 37%. Income from Operations: Increased 31% year-over-year to $31 million. Adjusted EBITDA: Reached a record $37.9 million, a 33% increase. Adjusted EBITDA Margin: 11.7%. EPS: Increased by 31% to $0.89 per share. Non-GAAP Diluted EPS: Increased 32% to $0.94. NRS Recurring Revenue: Increased 22% to $35 million. Fintech Income from Operations: Increased 97% to $6 million. Fintech Adjusted EBITDA: Increased 87% to $7.5 million. Net2phone Revenue Growth: Increased 10% on a net reported basis. Traditional Communications Income from Operations: Increased 1% to $16 million. Cash and Equivalents: $220 million as of October 31, 2025. Stock Repurchase: $7.6 million in stock repurchased during the first quarter. Warning! GuruFocus has detected 2 Warning Sign with IDT. Is IDT fairly valued? Test your thesis with our free DCF calculator. Release Date: December 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. IDT Corp (NYSE:IDT) reported consolidated revenue growth and record levels of gross profit and adjusted EBITDA for the first quarter. NRS recurring revenue increased by 22% year-over-year, contributing to a 35% increase in income from operations. The Fintech segment's income from operations and adjusted EBITDA nearly doubled year-over-year, driven by BOSS Money's increasing operating leverage. Net2phone began offering AI solutions, enhancing customer operations and streamlining workflows, which contributed to a 44% increase in adjusted EBITDA. The Delaware Supreme Court ruling favorably resolved the Straight Path class action suit, removing a significant legal overhang for IDT Corp (NYSE:IDT). IDT Corp (NYSE:IDT) experienced a 15% decline in advertising and data revenue within the NRS segment. The company's cash balance decreased by $34 million compared to the previous quarter, partly due to timing of transactions. Revenue growth in the BOSS Money remittance business has slowed, despite taking market share from peers. IDT Corp (NYSE:IDT) is not currently pursuing any major acquisitions, which may limit immediate growth opportunities. The Traditional Communications segment, while profitable, continues to face challenges from declining minutes in the...

Investor releaseQuarter not tagged2025-12-05

IDT Corporation Reports First Quarter Fiscal Year 2026 Results

GlobeNewswire

Income from operations at NRS, Fintech and net2phone segments increase by 35%, 97% and 94%, respectively Record quarterly levels of consolidated gross profit, Adjusted EBITDA* and Adjusted EBITDA margin* NEWARK, NJ, Dec. 04, 2025 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, today reported results for the first quarter of its fiscal year 2026, the three months ended October 31, 2025. 1Q26 HIGHLIGHTS Throughout this release, unless otherwise noted, results for the first quarter of fiscal year 2026 (1Q26) are compared to the first quarter of fiscal year 2025 (1Q25). Segments NRS Recurring revenue: +22% to $35.3 million; Income from operations: +35% to $8.9 million; Adjusted EBITDA*: +33% to $10.3 million; ‘Rule of 40’* score: 50; Fintech BOSS Money digital revenue: +20% to $27.9 million; Fintech total revenue: +15% to $42.7 million; Income from operations: +97% to $6.4 million; Adjusted EBITDA: +87% to $7.5 million; net2phone Subscription revenue: +10% to $23.0 million; Income from operations: +94% to $1.9 million; Adjusted EBITDA: +44% to $3.6 million; Traditional Communications Revenue: (0.5)% to $219.5 million; Income from operations: +1% to $15.8 million; Adjusted EBITDA: +2% to $18.9 million; IDT Consolidated Revenue: +4% to $322.8 million; Gross profit / margin: +10% to $118.2 million / +180 bps to 36.6%; Income from operations: +31% to $30.9 million; Net income attributable to IDT: +30% to $22.3 million; GAAP EPS: Increased to $0.89 from $0.68; Non-GAAP EPS*: Increased to $0.94 from $0.71; Adjusted EBITDA: +26% to $37.9 million; CapEx: +10% to $5.8 million; Repurchases of IDT Common Stock: 158 thousand shares for $7.6 million *This release discloses certain Non-GAAP financial measures [Adjusted EBITDA, Adjusted EBITDA margin, Non-GAAP EPS, NRS ‘Rule of 40,’ and adjusted net cash provided by operating activities] as well as certain Key Performance Metrics [net2phone subscription revenue, NRS monthly average recurring revenue per terminal, and BOSS Money digital and retail transactions, average BOSS Money revenue per transaction, and BOSS Money digital channel send volume.] Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations of non-GAAP measures to their closest GAAP measures at the end of this release. REMARKS BY SHMUEL JONAS, CEO IDT...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook