Q1 2026 IDT Corp Earnings Call Transcript
Key Points
- IDT Corp (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 (IDT).
- IDT Corp (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 (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 business.
Good evening. Welcome to the IDT Corporation's first quarter fiscal year 2026 earnings conference call. (Operator Instructions) 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.
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 October 31, 2025. 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 in 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
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