{
  "id": 4215094,
  "title": "IDT Highlights Growth Engines, Delays net2phone Spin-Off Until Markets Improve",
  "url": "https://urgent.news/2026/08/29/idt-highlights-growth-engines-delays-net2phone-spin-off-until-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T15:01:55.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/idt-highlights-growth-engines-delays-150155023.html"
  },
  "original_language": "en",
  "account": "IDT highlighted the growing importance of its higher-margin businesses during a recent presentation, while executives indicated the company will wait for favorable market conditions before considering a potential spin-off of net2phone. The company's fiscal year concludes on July 31, and the presentation covered the third quarter of fiscal year 2026, which ended on April 30.\n\nIDT currently has $251 million in cash and no debt, according to the company's Vice President of Investor Relations and External Affairs, Bill Ulrey. The business generated $1.3 billion in revenue and $147 million in adjusted EBITDA over the past 12 months, with $26 million in share repurchases and quarterly dividends paid during that period.\n\nThe company operates six primary businesses, with management emphasizing three higher-margin growth operations: National Retail Solutions (NRS), BOSS Money, and net2phone. Together, these businesses account for approximately one-third of revenue and two-thirds of gross profit.\n\nNRS provides point-of-sale technology to independent retailers, including convenience stores and liquor shops. The business operates about 40,000 POS terminals across 34,000 retail locations, generating $36 million in recurring revenue in the latest quarter, excluding hardware sales.\n\nBOSS Money, IDT's international remittance offering, primarily benefits first- and second-generation immigrants sending money to family and friends abroad. Digital-channel revenue increased by 27% year-over-year in the third quarter, while BOSS Money was the main driver of a 30% increase in adjusted EBITDA.\n\nnet2phone offers unified communications, contact-center services, and AI-powered customer interaction tools to small- and mid-market businesses. Subscription revenue grew at a 17% compound annual rate over the past four years and reached $93.5 million in the trailing 12 months. Quarterly subscription revenue increased by 12% to $24 million, with the business generating more than $15 million in adjusted EBITDA and a record 17% adjusted EBITDA margin.",
  "summary": null,
  "key_points": [
    "IDT focuses on higher-margin businesses: NRS, BOSS Money, net2phone",
    "net2phone subscription revenue grew 17% CAGR over four years",
    "Company has $251M cash, no debt, $1.3B revenue in Q4 2025"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}