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IDT Corporation

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates in four segments: National Retail Solutions, Fintech, Net2phone, and Traditional Communications. The company offers point-of-sale platforms, international money remittance, unified communications, digital payments, and wholesale telecom solutions. IDT Corporation was incorporated in 1978 and is headquartered in Newark, New Jersey.

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NRSInsights Reports August Same-Store Sales Down 1.1%

NRSInsights reported that August 2026 same-store sales at independent retailers on its network decreased 1.1% year-over-year, following a 3.3% increase in July. Units sold fell 1.6% and baskets per store dropped 3.1% compared to a year earlier, while the average price of top-selling items rose 1.7%, unchanged from July. The data, based on approximately 254 million transactions from about 26,200 stores, showed regional weakness led by the Washington DC metro area, with the Midwest and Great Lakes outperforming. NRSInsights is a unit of IDT Corporation, whose POS terminals processed $2.3 billion in sales across 155 million transactions during August.
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IDT Delays net2phone Spin-Off, Highlights Growth Engines

IDT Corporation highlighted the expanding contribution of its higher-margin growth businesses during a company presentation, while executives said the company will wait for larger business scale and more favorable capital-market conditions before reconsidering a potential net2phone spin-off. The growth businesses—National Retail Solutions, BOSS Money, and net2phone—now account for about one-third of revenue and two-thirds of gross profit, and together grew revenue 17% year over year in the latest quarter. NRS reached $141 million in trailing-12-month recurring revenue, BOSS Money benefited from accelerating digital remittances, and net2phone posted a record 17% adjusted EBITDA margin after subscription revenue rose 12% year over year. IDT ended the quarter with $251 million in cash and no debt, while consolidated adjusted EBITDA rose 13% to $37.5 million. The net2phone spin-off remains delayed as IDT seeks greater scale and more favorable market conditions.
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