IDT Cashes In on Strong Q4 Performance, Paving the Way for a Thriving Fiscal 2027
IDT Corporation has wrapped up a remarkable fiscal year with its fourth quarter results, showcasing accelerated top line and Adjusted EBITDA growth. The company's CEO, Shmuel Jonas, and CFO, Marcelo Fischer, presented the financial and operational highlights during their conference call on September 28th, 2026.
At the helm of IDT's success are its three high-margin growth segments: NRS, Fintech, and net2phone. These divisions have been driving significant contributions to the company's quarterly and full-year Adjusted EBITDA. Notably, NRS has seen a 47% year-over-year increase in its fourth-quarter Adjusted EBITDA, thanks to innovative partnerships with Uber Eats, Grubhub, and DoorDash, among other tailwinds.
Shmuel Jonas highlighted the recent acquisition that bolstered advertising and data revenue, returning them to growth. This strategic move has contributed to NRS's overall success, underscoring the company's focus on expanding its offerings and enhancing value for its retailers.
In addition to these developments, IDT's BOSS Money Remittance business continues to gain momentum. The platform has surpassed a 30 million annual transaction run rate for the first time, driven by strong Mother's Day results in the digital channel. This represents an impressive milestone for the company, with transactions and revenue increasing by over 20% in the fourth quarter.
Furthermore, BOSS Money has expanded its reach through the launch of money transfers via WhatsApp and a digital wallet in the U.S., offering customers a seamless experience. The platform's geographic expansion is also underway, featuring country-specific features such as peer-to-peer remittances, stablecoin-backed wallets, and other money management tools.
net2phone has delivered another solid quarter, enhancing its cloud communications portfolio with AI solutions for businesses globally. The company's agentic AI tools are driving new logos and accelerating accretive sales, positioning net2phone to surpass the $100 million ARR milestone in the current quarter.
IDT is well-positioned as it embarks on fiscal 2027, boasting accelerating top-line growth, increasing cash generation, and a debt-free balance sheet that provides strategic flexibility. This strong foundation sets the stage for continued success and innovation within the company's high-margin segments."
