AI Earnings Predictions for IDT Corporation Class B (IDT)

idt20260423_8k.htm

false 0001005731

0001005731

2026-06-03 2026-06-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 3, 2026

IDT CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-16371

22-3415036

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

520 Broad Street Newark, New Jersey

07102

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (973) 438-1000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of each exchange on which registered

Class B common stock, par value $0.01 per share

IDT

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On June 3, 2026, IDT Corporation (the “Registrant”) issued a press release announcing its results of operations for its fiscal quarter ended April 30, 2026. A copy of the earnings release concerning the foregoing results is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The Registrant is furnishing the information contained in this Report, including Exhibit 99.1, pursuant to Item 2.02 of Form 8-K promulgated by the Securities and Exchange Commission (the “SEC”). This information shall not be deemed to be “filed” with the SEC or incorporated by reference into any other filing with the SEC unless otherwise expressly stated in such filing. In addition, this Report and the press release contain statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth in the press release.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit No.

Document

99.1

Earnings Release, dated June 3, 2026, reporting operational and financial results for IDT Corporation’s fiscal quarter ended April 30, 2026.

104

Cover Pager Interactive Data File, formatted in Inline XBRL document

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

IDT CORPORATION

By:

/s/ Shmuel Jonas

Name:

Shmuel Jonas

Title:

Chief Executive Officer

Dated: June 3, 2026

EXHIBIT INDEX

Exhibit

Number

Document

99.1

Earnings Release, dated June 3, 2026, reporting operational and financial results for IDT Corporation’s fiscal quarter ended April 30, 2026.

104

Cover Pager Interactive Data File, formatted in Inline XBRL document

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

IDT Corporation Reports Second Quarter Fiscal Year 2026 Results

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: 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).

(in millions except for shares and per share figures)

2Q26

2Q25

Revenue +6% to $320.5 from $303.3

Gross Profit +8% to $121.3 from $112.1

Gross Profit Margin 88 bps to 37.8% from 37.0%

Income from Operations (4)% to $27.2 from $28.3

GAAP EPS

+$0.04 to $0.84 from $0.80

Non-GAAP EPS*

+$0.16 to $1.00 from $0.84

Adjusted EBITDA* +9% to $38.0 from $34.9

Repurchases of IDT Common Stock (2Q26) 149,000 shares for $7.4

*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.

1

“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 early results, we are readying a new offering — agentic AI seamlessly integrated with unified communications, with a go-to market strategy targeting both direct and channel sales to small-medium businesses.

“Traditional Communications remained a strong cash generator. 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 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.”

2Q26

RESULTS BY SEGMENT

National Retail Solutions (NRS)

(In millions except for active POS terminals, payment processing accounts, recurring revenue per terminal, and gross profit margin. Numbers may not foot due to rounding.)

2Q26

1Q26

2Q25

2Q26-2Q25

(%, ∆)

Terminals and payment processing accounts

Active POS terminals 38,900 37,900 34,800 +12%

Payment processing accounts 28,100 27,300 23,900 +18%

Recurring revenue

Merchant Services & Other $24.0 $23.8 $18.1 +32%

Advertising & Data $9.0 $7.2 $10.0 (10)%

SaaS Fees $4.4 $4.2 $3.5 +26%

Total recurring revenue $37.5 $35.3 $31.6 +18%

POS Terminal Sales $1.9 $1.8 $1.3 +40%

Total revenue $39.4 $37.1 $33.0 +19%

Monthly average recurring revenue per terminal* $325 $313 $310 +5%

Gross profit $36.3 $33.5 $30.3 +20%

Gross profit margin 92.2% 90.2% 91.8% +40bps

Technology & development $2.5 $2.7 $2.2 +18%

SG&A

$23.5 $21.9 $19.0 +24%

Income from operations $10.2 $8.9 $9.1 +12%

Adjusted EBITDA $11.8 $10.3 $10.3 +15%

CapEx $1.7 $1.6 $0.9 +83%

2

NRS Take-Aways

● NRS added approximately 900 net active terminals and 800 net payment processing accounts during 2Q26.

● The growth of NRS SaaS Fees again outpaced terminal expansion as retailers subscribed to higher-value subscription tiers, including a new premium service tier, and new third-party integrations with popular direct delivery partners DoorDash and Grubhub.

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

IDT Corporation Reports First Quarter Fiscal Year 2026 Results

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 — December 4, 2025: 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.

1

REMARKS

BY SHMUEL JONAS, CEO

IDT delivered consolidated revenue growth and record levels of gross profit and Adjusted EBITDA in the first quarter. NRS led the top-line expansion, while all three of our growth segments reported strong bottom-line results. Our Traditional Communications segment again provided steady cash generation.

NRS recurring revenue increased 22% year-over-year, helping to drive a 35% increase in income from operations and a 33% increase in Adjusted EBITDA. This quarter we continued to launch and build-out innovative premium services – delivery integrations, couponing, and product data scan programs to name a few. Our premium offerings are becoming important growth drivers, and factored into the large increase in average recurring revenue per terminal* this quarter. There is tremendous opportunity for additional, long-term growth through innovation both in NRS’s current and in adjacent markets.

At BOSS Money, our digital channel continues to outperform retail, and that trend may accelerate as implementation of the new federal excise tax on cash remittances begins on January 1st. The Fintech segment’s income from operations and Adjusted EBITDA nearly doubled year-over-year, aided by BOSS Money’s increasing operating leverage and the enhanced profitability of other, smaller Fintech initiatives. Our push to integrate tailored AI and machine learning into BOSS Money customer service and fraud detection activities have helped to significantly improve unit economics. Looking ahead, we will soon introduce the first generation of the BOSS Wallet, enabling our U.S. customers to share cash and receive rewards.

During the quarter, net2phone began offering its AI agent to both our existing and new customers, and added our Coach AI solution at the quarter’s end. Increasingly, our customers are ordering multiple net2phone offerings to enhance their operations and streamline workflows. As a result, we have pivoted from stand-alone product offerings to holistic solutions comprised of multiple offerings tailored to customers’ communications and workflows. This approach plays to net2phone’s product and distribution strengths, and we are very excited about the potential as we continue to add AI solutions.

On a final note, the Delaware Supreme Court in a ruling issued yesterday affirmed the decision of the Court of Chancery dismissing all claims against IDT in the Straight Path class action suit, and we are very pleased that