IDT Corporation reported a strong first quarter of fiscal year 2026, with consolidated revenue growth and record levels of gross profit and Adjusted EBITDA, driven by significant bottom-line improvements in its growth segments.
Consolidated revenue increased 4% to $322.8 million.
positiveConsolidated gross profit increased 10% to $118.2 million, with gross margin expanding 180 bps to 36.6%.
positiveConsolidated income from operations increased 31% to $30.9 million.
positiveConsolidated net income attributable to IDT increased 30% to $22.3 million.
positiveConsolidated Adjusted EBITDA increased 26% to $37.9 million, reaching a record quarterly level.
positiveNRS recurring revenue grew 22% to $35.3 million, with income from operations up 35% and Adjusted EBITDA up 33%.
positiveFintech segment revenue grew 15% to $42.7 million, with income from operations up 97% and Adjusted EBITDA up 87%.
positivenet2phone subscription revenue grew 10% to $23.0 million, with income from operations up 94% and Adjusted EBITDA up 44%.
positiveTraditional Communications segment revenue declined 0.5% to $219.5 million.
attentionTraditional Communications segment gross profit margin decreased 40 bps to 18.4%.
attentionNet cash used in operating activities was $10.1 million, compared to net cash provided by operating activities of $0.2 million in the prior year.
negativeAdjusted net cash used in operating activities was $22.7 million, compared to $2.6 million used in the prior year.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Traditional Communications | $219500.0B | $220500.0B | — | 68.0% |
Fintech Segment | $42700.0B | $37100.0B | — | 13.2% |
National Retail Solutions (NRS) | $37100.0B | $30400.0B | — | 11.5% |
net2phone | $23500.0B | $21600.0B | — | 7.3% |
| Total Revenue | $322800.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
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Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.