IDT (IDT) 17th Annual Midwest IDEAS Conference summary

Financial highlights and business overview

• Fiscal year ends July 31; results discussed through Q3 FY2026, with Q4 and full-year results expected in late September.

• Market cap is $1.7 billion, with $251 million in cash and no debt as of April 30, 2026.

• Revenue for the trailing 12 months was $1.3 billion, with $147 million in adjusted EBITDA and a 13% margin.

• $26 million returned to shareholders via buybacks and dividends in the past year.

• Three high-margin businesses contribute about a third of revenue and two-thirds of gross profit, with growth segments' revenue up 17% YoY and adjusted EBITDA up 27%.

High-margin growth businesses

• National Retail Solutions (NRS) operates over 40,000 POS terminals at 34,000–35,000 locations, with 20% market penetration and $141 million annual recurring revenue.

• NRS recurring revenue is driven by merchant services (over two-thirds), advertising/data sales (16%), and software fees (12%), with a 39% CAGR (2022–2025) and 28% EBITDA margin.

• BOSS Money, a digital-first remittance service, saw digital channel revenue rise 27% YoY, with 87% of remittance volume digital and a 37% revenue CAGR (2022–2025).

• BOSS Money drove a 30% increase in Fintech adjusted EBITDA to $6.6 million in Q3, with $25 million TTM.

• net2phone focuses on mid- and small-market businesses, with 441,000 seats, $93.5 million TTM subscription revenue, a 17% subscription revenue CAGR (2022–2025), and a 17% EBITDA margin.

Business segment performance

• Traditional communications segment remains a stable cash generator, with $75 million adjusted EBITDA TTM and a 9.3%–9.5% margin.

• Strategic assets and cross-marketing among BOSS offerings reduce acquisition costs and increase customer lifetime value, with the BOSS ecosystem cross-marketing to 2.8 million unique customers monthly.

• Gross profit from BOSS offerings grew at a 17% CAGR over four years.

• Federal remittance tax accelerated customer migration from retail to digital channels, boosting digital revenue.

• NRS leverages a purpose-built POS platform for independent retailers, offering merchant services, advertising, and SaaS fees.