Quarterly ResultJun 9, 2026, 02:46 PM
IDT Corp Q3 Revenue $315.7M (+4.9% YoY); Acquires Oncore Digital
AI Summary
IDT Corporation reported its third-quarter results, with revenue increasing by 4.9% to $315.7 million compared to the same period last year. Net income attributable to the company was $21.6 million, resulting in diluted earnings per share of $0.87, largely in line with the previous year. The company also announced the completion of an acquisition of Oncore Digital, Inc. for approximately $4.8 million, which is expected to integrate with its NRS segment. All four business segments, NRS, Fintech, net2phone, and Traditional Communications, saw revenue increases for the quarter.
Key Highlights
- IDT Corporation reported Q3 revenue of $315.7 million, up 4.9% year-over-year.
- Net income attributable to IDT Corporation was $21.6 million for the quarter, a slight decrease from $21.7 million in the prior year.
- Diluted EPS was $0.87, matching the prior year's $0.86.
- Total assets increased to $698.0 million as of April 30, 2026, from $626.2 million as of July 31, 2025.
- The company completed an acquisition of Oncore Digital, Inc. for approximately $4.8 million.
- NRS segment revenue increased to $38.0 million from $31.1 million year-over-year.
- Fintech segment revenue grew to $45.0 million from $38.6 million year-over-year.
- net2phone segment revenue increased to $24.4 million from $22.0 million year-over-year.
Price Impact
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