Slide 1: IDT Corporation Reports Third Quarter Fiscal Year 2026 Results
IDT Corporation Reports Third Quarter Fiscal Year 2026 Results Record consolidated quarterly gross profit and gross profit margin Income from operations at NRS, Fintech, and net2phone segments increased by 33%, 29% and 76%, respectively FY 2026 guidance raised to $150-$152 million in Adjusted EBITDA
Slide 2: net2phone growth and AI initiatives; NRS results
“net2phone continued its growth trajectory, helped by strong CCaaS results and ongoing U.S. and Mexico expansion. We are gaining traction with our AI offerings and expect they will become accretive growth drivers in fiscal year 2027. All net2phone offerings will also benefit from the recent release
Slide 3: BOSS Money and Fintech Segment
BOSS Money and Fintech Segment ($ in millions except for average revenue per transaction. Numbers may 3Q26-3Q25 not foot due to rounding.) 3Q26 2Q26 3Q25 (%, ∆) BOSS Money transactions* 6.9 6.4 6.0 +15% Digital channel 6.0 5.5 5.0 +20% Retail channel 0.9 1.0 1.0 (14)% Fintech segment revenue BOSS Mo
Slide 4: net2phone 3Q26 Seats
net2phone 3Q26-3Q25 ($ in millions. Numbers may not foot due to rounding.) 3Q26 2Q26 3Q25 (%, ∆) Seats 441 435 415 +6% Revenue Subscription revenue* $ 24.0 $ 23.4 $ 21.5 +12% Other $ 0.4 $ 0.4 $ 0.5 (14)% Total revenue $ 24.4 $ 23.9 $ 22.0 +11% Gross profit $ 19.6 $ 19.3 $ 17.5 +12% Gross profit mar
Slide 5: Other Financial Results
OTHER FINANCIAL RESULTS Consolidated results for all periods presented include corporate overhead. Corporate G&A expense increased 22% to $3.2 million in 3Q26 from $2.7 million in 3Q25, primarily as a result of increased stock-based compensation. As of April 30, 2026, IDT held $251.4 million in cash
Slide 6: Customer experience at scale
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
Slide 7: Condensed Consolidated Balance Sheets
IDT CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS April 30, 2026 July 31, 2025 (in thousands, except per share data) (Unaudited) Assets Current assets: Cash and cash equivalents $ 214,957 $ 226,505 Restricted cash and cash equivalents 128,385 115,327 Debt securities 26,557 21,649 Equity investme
Slide 8: Condensed Consolidated Statements of Income
IDT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months Ended April 30, Nine Months Ended April 30, (in thousands, except per share amounts) 2026 2025 2026 2025 Revenues $ 315,713 $ 301,985 $ 958,981 $ 914,901 Direct cost of revenues 193,210 190,023 597,022 583,201 Gross
Slide 9: Condensed Consolidated Statements of Cash Flows
IDT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended April 30, (in thousands) 2026 2025 Operating activities: Net income $ 70,667 $ 63,657 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortization 16,054 15,702 D
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures for the Third Quarter Fiscal 2026 and 2025 In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed (a) Adjusted EBITDA for 3Q26
Slide 11: Other operating income, net
Other operating income (expense), net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Other operating expense, net primarily includes legal fees net of insurance claims related to Straight Path Communications Inc.’s stockh
Slide 12: Reconciliation of Net Income to Adjusted EBITDA
IDT Corporation Reconciliation of Net Income to Adjusted EBITDA for the three months ended 3Q26, 2Q26, and 3Q25 (unaudited) in millions. Figures may not foot or cross-foot due to rounding Total IDT Traditional Corporation Comm. net2phone NRS Fintech Corporate 3Q26 Net income attributable to IDT Corp
Slide 13: Reconciliation of Net Income to Adjusted EBITDA
Total IDT Traditional Corporation Comm. net2phone NRS Fintech Corporate 3Q25 Net income attributable to IDT Corporation $ 21.7 Adjustments: Net income attributable to noncontrolling interests (1.3) Net income $ 23.0 Provision for income taxes (7.8) Income before income taxes $ 30.8 Interest income,
Slide 14: Reconciliation of Earnings Per Share to Non-GAAP EPS
IDT Corporation Reconciliation of Earnings Per Share (EPS) to Non-GAAP EPS for 3Q26 and 3Q25 (unaudited) in millions, except for per share data. Figures may not foot due to rounding 3Q26 3Q25 Net income attributable to IDT Corporation $ 21.6 $ 21.7 Adjustments (add) subtract: Stock-based compensatio
Slide 15: NRS' 'Rule of 40' Score
IDT Corporation NRS’ ‘Rule of 40’ Score For 3Q26 (unaudited) in millions. Figures may not foot due to rounding Trailing twelve months (TTM) 4Q25 1Q26 2Q26 3Q26 3Q26 Reconciliation of NRS’ Income from Operations to Adjusted EBITDA Income from operations $ 5.8 $ 8.9 $ 10.2 $ 8.2 $ 33.2 Depreciation an
Slide 16: Explanation of Key Performance Metrics
IDT Corporation Adjusted net cash provided by operating activities for 3Q26 and 3Q25 (unaudited) in millions. Figures may not foot due to rounding (in millions) Three months ended April 30, 2026 3Q26 3Q25 Net cash provided by operating activities (GAAP) $ 18.5 $ 75.7 Changes in customer deposits $ 2