September same-store sales increased 0.1% year-over-year

The average price paid for the top 500 items in September increased 2.1% year-over-year

NEWARK, N.J., Oct. 09, 2026 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for September 2026.

The NRS POS network is comprised of independently-owned convenience stores, bodegas, liquor stores, grocers, tobacco and sundries sellers that predominantly serve urban consumers nationwide.

September Highlights

(Same-store sales, unit sales, transactions, and average price data refer to September 2026 and are compared to September 2025 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)

• SALES
  • Same-store sales increased 0.1% year-over-year. In the previous month (August 2026), same-store sales decreased 1.1% year-over-year.

• • Same-store sales decreased 1.3% compared to the previous month (August 2026). Same-store sales in August 2026 decreased 1.8% compared to the previous month (July 2026).
  • For the three months ended September 30, 2026, same-store sales increased 0.5% compared to the corresponding three months a year ago.

• UNITS SOLD
  • Units sold decreased 2.0% year-over-year. In the previous month (August 2026), units sold decreased 1.6% year over year.
  • Units sold decreased 1.2% compared to the previous month (August 2026). Units sold in August 2026 were unchanged compared to the previous month (July 2026).
• BASKETS (TRANSACTIONS) PER STORE
  • Baskets decreased 3.4% year-over-year. In the previous month (August 2026), baskets decreased 3.1% year-over-year.
  • Baskets decreased 1.4% compared to the previous month (August 2026). Baskets in August 2026 decreased 0.4% compared to the previous month (July 2026).
• AVERAGE PRICES
  • A dollar-weighted average of prices for the top 500 items purchased in September 2026 increased 2.1% year-over-year. In August 2026, prices increased 1.7% year over year.

Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)

“Same-store sales in September 2026 increased 0.1% compared to September 2025. In August, sales had decreased 1.1% year-over-year. Units sold and baskets sold both decreased year-over-year in September for the third consecutive month. Our measure of price inflation on the top 500 selling items edged up to 2.1% in September.

“Counterintuitively given the topline results, sales of premium offerings continued to grow strongly. Performance nutrition shakes, prepared cocktails, multigrain snacks and certain tobacco categories all increased sales by double digits year-over-year.

“Regionally, sales in the Washington DC metro area and Los Angeles led the sales decline. Continuing a trend, stores in the South and West regions generally under-performed, with the notable exception of the Raleigh-Durham metro area, which has been a positive outlier for some time. Same store sales in the Chicago and Detroit metro areas reported slight year-over-year increases.”

NRSInsights Reports

The NRSInsights monthly Retail Same-Store Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Same-store data comparisons of September 2026 with September 2025 are derived from approximately 244 million transactions processed through the approximately 26,300 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of September 2026 with August 2026 are derived from approximately 296 million transactions processed through approximately 33,900 stores.

Same-store data comparisons for the three months ended September 30, 2026 with the year-ago three months are derived from approximately 727 million transactions processed through stores that scanned transactions in both three-month periods.

NRS POS Platform

The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 206 of the 210 designated market areas (DMAs) in the United States, and in several Canadian markets. During September 2026, NRS’ POS terminals processed $2.2 billion in sales across 148 million transactions.

About National Retail Solutions (NRS):

National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions, effectively manage their businesses, and integrate with leading online order and delivery platforms. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminals’ digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

NRSInsights Contact:

Brandon Thurber
VP, Data Sales & Client Success at NRS
National Retail Solutions
Brandon.Thurber@nrsplus.com

IDT Corporation Contact:

Bill Ulrey
william.ulrey@idt.net

# # #

Record fourth quarter Gross Profit +18%; Income from Operations +52%; Adjusted EBITDA^* +22%

FY 2026 Income from Operations of $121M (+21%); Adjusted EBITDA of $155M (+17%)

NEWARK, N.J., Sept. 28, 2026 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, communications, and AI-powered customer experience solutions, today reported results for its fourth quarter and full fiscal year 2026, the three and twelve months ended July 31, 2026.

4Q26 HIGHLIGHTS ^**

• Consolidated Results
  • Revenue: +7% to $339.0 million;
  • Gross profit / margin: +18% to $134.8 million / +360 bps to 39.8%;
  • Income from operations: +52% to $33.2 million;
  • Net income attributable to IDT: +29% to $21.7 million;
  • GAAP EPS: Increased to $0.87 from $0.67;
  • Non-GAAP EPS: Increased to $0.94 from $0.76;
  • Adjusted EBITDA: +22% to $41.2 million.
• Key Businesses / Segments
  • NRS
    • Revenue: +31% to $45.0 million;
    • Income from operations: +105% to $12.0 million;
    • Adjusted EBITDA: +47% to $14.0 million.
  • BOSS Money / Fintech segment
    • BOSS Money digital revenue: +22% to $33.7 million;
    • Fintech segment revenue: +12% to $47.1 million;
    • Fintech segment income from operations: +15% to $5.5 million;
    • Fintech segment Adjusted EBITDA: +17% to $6.5 million.
  • net2phone
    • Subscription revenue: +10% to $24.5 million;
    • Income from operations: +75% to $2.6 million;
    • Adjusted EBITDA: +26% to $4.4 million.
  • Traditional Communications
    • Revenue: +2% to $222.0 million;
    • Gross profit: +0.4% to $41.1 million;
    • Income from operations: +8% to $16.6 million;
    • Adjusted EBITDA: +12% to $19.9 million.

FY 2026 HIGHLIGHTS

• Consolidated Results
  • Revenue: +5% to $1,298.0 million;
  • Gross profit / margin: +11% to $496.8 million / +200 bps to 38.3%;
  • Income from operations: +21% to $121.2 million;
  • Net income attributable to IDT: +14% to $86.6 million;
  • GAAP EPS: Increased to $3.46 from $3.01;
  • Non-GAAP EPS: Increased to $3.82 from $3.19;
  • Adjusted EBITDA: +17% to $154.6 million.
• Key Businesses / Segments
  • NRS
    • Revenue: +24% to $159.4 million;
    • Income from operations: +42% to $39.3 million;
    • Adjusted EBITDA: +30% to $45.8 million.
  • BOSS Money / Fintech segment
    • BOSS Money digital revenue: +21% to $119.4 million;
    • Fintech segment revenue: +14% to $176.0 million;
    • Fintech segment income from operations: +40% to $21.5 million;
    • Fintech segment Adjusted EBITDA: +41% to $26.2 million.
  • net2phone
    • Subscription revenue: +11% to $94.9 million;
    • Income from operations: +84% to $9.1 million;
    • Adjusted EBITDA: +33% to $16.1 million.
  • Traditional Communications
    • Revenue: +1% to $865.9 million;
    • Gross profit: (4)% to $162.6 million;
    • Income from operations: (5)% to $63.4 million;
    • Adjusted EBITDA: +1% to $77.3 million.

^*This release discloses certain Non-GAAP financial measures (Adjusted EBITDA, Non-GAAP EPS, NRS’ ‘Rule of 40,’ and adjusted net cash provided by operating activities) as well as certain Key Performance Metrics (net2phone subscription revenue, net2phone constant currency subscription revenue growth rate, NRS Average Monthly Network Gross Profit per Location, and BOSS Money transactions and digital channel send volume). Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations of Non-GAAP measures to their closest GAAP measures at the end of this release.

**Throughout this release, unless otherwise noted, results for the fourth quarter of fiscal year 2026 (4Q26) are compared to the fourth quarter of fiscal year 2025 (4Q25) and results for FY 2026 are compared to FY 2025. All earnings per share (EPS) and other ‘per share’ results are per diluted share.

REMARKS BY SHMUEL JONAS, CEO

IDT’s fourth quarter capped off a strong fiscal year, highlighted by accelerated topline and Adjusted EBITDA growth.

Our three higher-margin growth segments, NRS, Fintech and net2phone, each increased their respective quarterly and full-year contributions, while our Traditional Communications segment generated more Adjusted EBITDA in fiscal 2026 than it did in fiscal 2025 or 2024.

At NRS, we continue to develop and deploy new, high-value functionalities for our retailers, such as our recent Uber Eats integration following the Grubhub and DoorDash partnerships we announced last year. These advances are supplementing other tailwinds driving gains in Merchant Services revenues. Also in the fourth quarter, Advertising and Data revenue returned to growth, bolstered by our recent acquisition. Taken together, these developments helped drive a 47% year-over-year increase in NRS’ fourth quarter Adjusted EBITDA. Looking ahead, we are working on several product initiatives to increase sales to our existing retailer base and to attract new retailers to the NRS network.

Our BOSS Money remittance business shares its brand identity, distribution networks and addressable markets with our other BOSS-branded offerings. In recent years, we invested heavily to build and improve our BOSS apps. That strategy is paying off as BOSS Money continues to grow rapidly – thanks in part to the quality of our apps and our customer-centric service.

At BOSS Money, remittances surpassed a 30 million annual transaction run-rate for the first time in May, thanks to strong Mother’s Day results in our digital channel. This channel contributed 88% of our total transaction volume in the fourth quarter with transactions and revenue both increasing by 20+%.

We recently launched money transfers via our WhatsApp channel, and we closed the fiscal year by deploying a digital wallet here in the U.S. The wallet enables our customers to load funds, store promotions, and pay for services. In addition, the BOSS Money app is extending its geographic reach, launching internationally with differentiated features by country including peer-to-peer remittances, a stablecoin-backed wallet with a reloadable debit card and other money management tools. We are also launching a BOSS Money branded rechargeable card with credit building features. All of these developments mark early steps toward a broader suite of BOSS Money-branded financial services and tools that we intend to offer globally.

net2phone delivered another solid quarter as we enhanced our cloud communications portfolio with both native and standalone AI solutions for businesses across the globe. Our agentic AI solutions, AI Agent and Coach, combined with our new integration layer, enable customers to connect their everyday business applications and workflow tools with net2phone’s suite of services. net2phone’s AI tools and applications are driving nearly every conversation with our clients. That process is delivering new logos and accelerating accretive sales. net2phone is on track to surpass the $100 million ARR milestone in the current quarter and we expect continued topline expansion throughout fiscal 2027.

Overall, IDT is well positioned as we begin the new fiscal year with accelerating topline growth, increasing cash generation, and a debt-free balance sheet that affords us strategic flexibility.

4Q26 AND FY 2026 RESULTS BY SEGMENT

National Retail Solutions (NRS)

NRS Take-Aways:

• Beginning in 4Q26, IDT is reporting retailer locations and average monthly retailer network gross profit per location (“average monthly GP per location”) as its measures of the scope of the NRS retailer network and the contribution of the average retailer on the NRS network, respectively. Retailer locations include stores that actively utilize NRS terminals, NRS payment processing, or both. Average monthly GP per location is gross profit generated within the NRS retailer network divided by average retailer locations. Average monthly GP per location increased 22% to $383 in 4Q26 from $315 in 4Q25, primarily reflecting growth in NRS Pay.
• The strong NRS revenue increase in 4Q26 was led mainly by Merchant Services and Advertising and Data, and helped drive NRS’ 4Q26 ‘Rule of 40’ score to 60.
• NRS recently launched a partnership with Uber Eats following successful integrations with DoorDash and Grubhub. Collectively, these and other, smaller, online ordering and delivery partnerships enable NRS retailers to better meet and serve their customers wherever they are while leveraging the scale of the NRS network to further differentiate NRS’ offerings.

BOSS Money and Fintech Segment

BOSS Money and Fintech Take-Aways:

• Digital transaction volume as a percentage of total transactions increased to 88.1% in 4Q26, reflecting BOSS Money’s focused investments in digital customer acquisition programs and the industry-wide acceleration of the ongoing migration of consumers to digital channels from retail in the wake of a federal tax on remittances imposed on retail transactions beginning on January 1, 2026.
• Digital channel send volume – the amount of principal transferred by BOSS Money customers using the BOSS Money and BOSS Revolution apps – increased by 38% year-over-year in 4Q26 and by 35% in FY 2026, reflecting increases in both transaction volumes and in average dollars sent per transaction.
• The Fintech segment’s year-over-year increases in gross profit margin, 650 bps in 4Q26 and 360 bps in FY 2026, primarily reflected the continuing rotation in the transaction mix to higher margin digital transactions from lower margin retail transactions, supplemented by the impact of increased average send amounts and continuous efforts to negotiate more favorable payout terms.
• The BOSS Money app attained the highest average customer satisfaction score of any of the leading digital money transfer providers serving the U.S. and U.K. markets as evaluated by FXC Intelligence for 2026. It was the second consecutive year that the BOSS Money app has won the honor.

net2phone

net2phone Take-Aways:

• The increases in subscription revenue^*, +10% in 4Q26 and +11% in FY 2026, were +7% and +8%, respectively, on a constant currency^* basis, reflecting weakness in the U.S. dollar versus local currencies in certain of net2phone’s key markets.
• The strong increases in net2phone profitability in both 4Q26 and FY 2026 reflect the leverage of net2phone’s business model and the incremental contributions of its AI-powered offerings.
• net2phone introduced an integration layer in 4Q26, enabling net2phone’s solutions to work seamlessly with the customer’s native, mission-critical business software without the need for developers, custom coding, or webhooks. Because they securely read from, and write to, connected CRM and communications platforms, net2phone’s solutions can be synced through the integration layer with customer records and accounts, while actions are reflected in real time in the relevant systems of record and are reviewable through an audit trail.

Traditional Communications

Traditional Communications Take-Aways:

• In FY 2026, the Traditional Communications segment increased Adjusted EBITDA levels for the second consecutive year, underscoring the durability of the segment’s cash generation.
• IDT Digital Payments has launched an eSIM digital catalog through its Zendit B2B prepaid platform and in the BOSS Revolution app, further expanding its large and diversified catalog of prepaid offerings. The eSIM catalog targets the large and rapidly growing travel data roaming market, offering over 5,000 plans in 190+ countries.

OTHER FINANCIAL RESULTS

Consolidated results for all periods presented include corporate overhead. Corporate Adjusted EBITDA declined to ($3.5) million in 4Q26 from ($2.5) million in 4Q25. In FY 2026, corporate Adjusted EBITDA declined to ($10.8) million from ($10.7) million in FY 2025.

As of July 31, 2026, IDT held $271.9 million in unrestricted cash, cash equivalents, debt securities, and current equity investments, an increase of $20.5 million from the level at April 30, 2026. Also at July 31, 2026, current assets totaled $655.4 million and current liabilities totaled $351.9 million. The Company had no outstanding debt at the quarter end.

Net cash provided by operating activities in 4Q26 increased to $44.4 million from $31.0 million in 4Q25. Exclusive of changes in customer funds deposits at IDT’s Fintech segment, adjusted net cash provided by operating activities* in 4Q26 decreased to $26.4 million from $37.1 million in 4Q25.

In FY 2026, net cash provided by operating activities decreased to $91.1 million from $127.1 million in FY 2025. Exclusive of changes in customer funds deposits in IDT’s Fintech segment, adjusted net cash provided by operating activities in FY 2026 decreased to $60.9 million from $107.8 million in FY 2025. The decrease primarily stemmed from the timing of working capital movements associated with the daily changes in settlement assets and disbursement prefunding at BOSS Money.

Capital expenditures increased to $6.0 million in 4Q26 from $5.3 million in 4Q25. For FY 2026, capital expenditures increased to $23.1 million from $20.8 million in FY 2025.

IDT repurchased 30,752 shares of its Class B common stock through open market transactions during 4Q26 for approximately $2.0 million. Open market repurchases during FY 2026 totaled 421,938 shares for approximately $21.0 million.

FY 2027 FINANCIAL OUTLOOK

For FY 2027, IDT expects to again grow consolidated gross profit by double digits, consistent with its average annual growth rate over the past several years, to a range of $545 million to $555 million.

Building on record Adjusted EBITDA of $154.6 million in FY 2026, IDT’s fiscal 2027 guidance reflects continued, strong profitability growth, with Adjusted EBITDA expected to range from $176 million to $180 million, with each operating segment contributing to that growth.

DIVIDEND

IDT’s Board of Directors has declared a quarterly cash dividend of $0.07 per share payable on October 14, 2026, to stockholders of record as of October 5, 2026.

IDT EARNINGS ANNOUNCEMENT INFORMATION

This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been furnished on a current report (Form 8-K) with the SEC.

IDT will host an earnings conference call beginning at 5:30 PM Eastern today with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the U.S.) or 1-973-528-0011 (international) and provide the following access code: 266780.

A replay of the conference call will be available approximately three hours after the call concludes through October 12, 2026. To access the call replay, dial 1-877-481-4010 (toll-free from the U.S.) or 1-919-882-2331 (international) and provide this replay passcode: 54497. The replay will also be accessible via streaming audio at the IDT investor relations website.

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech, communications and AI-powered customer experience solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable, and IDT Global and IDT Express enable communications service providers to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target“ and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net
973-438-3838

Reconciliation of Non-GAAP Financial Measures for the Fourth Quarter and Full Fiscal Years 2026 and 2025

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed (a) Adjusted EBITDA for 4Q26, 3Q26, 4Q25, and the full fiscal years 2026 and 2025, (b) Non-GAAP earnings per diluted share (Non-GAAP EPS) for 4Q26, 4Q25, and the full fiscal years 2026 and 2025, (c) NRS’ ‘Rule of 40’ score for 4Q26, and (d) Non-GAAP adjusted net cash provided by operating activities for 4Q26, 4Q25, and the full fiscal years 2026 and 2025. These are Non-GAAP financial measures intended to provide useful information that supplements IDT’s or the relevant segment’s results in accordance with GAAP. The following explains these terms and their respective reconciliations to the most directly comparable GAAP measures.

Generally, a Non-GAAP measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

IDT’s measure of Adjusted EBITDA on a consolidated basis starts with net income attributable to IDT in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expenses, and deducts other operating gain and income tax benefits. IDT’s measure of Adjusted EBITDA on a reporting segment basis starts with income from operations (segments) in accordance with GAAP and adds depreciation and amortization, severance expense, stock-based compensation, and other operating expenses, and deducts other operating income.

IDT’s measure of Non-GAAP EPS is calculated by dividing Non-GAAP net income by the diluted weighted-average shares. IDT’s measure of Non-GAAP net income starts with net income attributable to IDT in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expenses, and deducts other operating gains and income tax benefits. The income tax effect of these adjustments is then deducted or added, as applicable. These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2026 and fiscal 2025 periods.

Management believes that IDT’s Adjusted EBITDA and Non-GAAP EPS are measures which provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT’s or the relevant segment’s core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA and Non-GAAP EPS to evaluate operating performance in relation to IDT’s competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allow for greater transparency of the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance. Therefore, the inclusion of comparative numbers provides consistency in financial reporting.

Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income, on a segment and/or consolidated level to facilitate internal and external comparisons to the segments’ and IDT’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT’s Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.

Severance expense is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT’s and its segments’ businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT’s core and continuing operations.

Other operating expense, net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Other operating expense, net, primarily includes legal fees net of insurance claims related to Straight Path Communications Inc.’s stockholders’ class action and gains from the write-off of contingent consideration liabilities. From time to time, IDT may have gains or incur costs related to non-routine legal, tax, and other matters; however, these various items generally do not occur each quarter. IDT believes the gains and losses from these non-routine matters are not components of IDT’s or the relevant segment’s core operating results.

Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT’s calculation of Adjusted EBITDA and Non-GAAP EPS because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT’s core business and operating segments with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees’ compensation that impacts their performance.

In 4Q25, IDT decreased its deferred income tax valuation allowance due to profitability in the United Kingdom and recorded an income tax benefit of $3.3 million in the quarter and FY 2025. This income tax benefit was excluded from IDT’s Non-GAAP EPS because it was not related to the results of IDT’s core operations.

Adjusted EBITDA and Non-GAAP EPS should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT’s measurements of Adjusted EBITDA and Non-GAAP EPS may not be comparable to similarly titled measures reported by other companies.

The ‘Rule of 40’ score is a metric used to evaluate the performance of SaaS providers. It postulates that a SaaS provider’s revenue growth rate plus its EBITDA margin should equal or exceed 40 percent. The ‘Rule of 40’ is typically used to assess a company’s balance between growth and profitability. A total of over 40 is thought to indicate a healthy combination of expansion and financial stability, making it a useful tool for management and investors to gauge the potential for long-term success and make informed decisions about resource allocation and business strategy.

NRS’ ‘Rule of 40′ score is computed by adding (a) the growth rate of NRS’ revenue for the current period compared to the corresponding year ago period to (b) the Adjusted EBITDA margin for the twelve-month period through the end of the current period. Adjusted EBITDA is a Non-GAAP measure as discussed above. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by GAAP revenue for the relevant period.

In 3Q26 and prior quarters, NRS used recurring revenue to calculate the revenue growth rate. Recurring revenue excluded revenue from the sale of NRS terminals. The revised definition using total revenue captures the impact of terminal sales and pricing decisions, providing a measure more closely aligned with NRS’ underlying financial performance.

IDT’s Non-GAAP adjusted measure of net cash provided by operating activities is calculated by excluding the impact of changes in customer deposits from net cash provided by operating activities. This measure provides a more meaningful measure of the cash generated by our core business operations, making it a more useful tool for management and investors to evaluate the cash generation of our business operations, and to compare IDT’s cash generation with companies that do not have, or have different levels of, customer deposits. Customer deposits are, by regulation, not available to fund IDT’s operating activities.

Following are reconciliations of Adjusted EBITDA and Non-GAAP EPS to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, (i) income (loss) from operations for IDT’s reportable segments and (ii) net income for IDT on a consolidated basis, and (b) for Non-GAAP EPS, diluted earnings per share. Also following is NRS’ ‘Rule of 40’ score computation including the reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, income from operations, and IDT’s Non-GAAP adjusted measure of net cash provided by operating activities reconciled to GAAP net cash provided by operating activities.

IDT Corporation
Reconciliation of Net Income to Adjusted EBITDA for 4Q26, 3Q26, and 4Q25
(unaudited) in millions. Figures may not foot or cross-foot due to rounding

IDT Corporation
Reconciliation of Net Income to Adjusted EBITDA for FY 2026 and FY 2025
(unaudited) in millions. Figures may not foot or cross-foot due to rounding

IDT Corporation
Reconciliation of Earnings Per Share (EPS) to Non-GAAP EPS for 4Q26, 4Q25, FY 2026 and FY 2025
(unaudited) in millions, except per share data. Figures may not foot due to rounding

IDT Corporation
NRS‘ ‘Rule of 40‘ Score For 4Q26
(unaudited) in millions. Figures may not foot due to rounding to millions

IDT Corporation
Adjusted net cash provided by operating activities for 4Q26, 4Q25, FY 2026 and FY 2025
(unaudited) in millions. Figures may not foot due to rounding to millions

Explanation of Key Performance Metrics

net2phone’s subscription revenue is calculated by subtracting net2phone’s equipment revenue and revenue generated by a legacy SIP trunking offering in Brazil from its revenue in accordance with GAAP. net2phone’s cloud communications and contact center offerings are priced on a per-seat basis, with customers paying based on the number of users in their organization. The number of seats served and subscription revenue trends and comparisons between periods are used in the analysis of net2phone’s revenues and direct cost of revenues and are strong indications of the top-line growth and performance of the business.

Constant currency as it relates to revenue provides a framework for assessing net2phone’s performance that excludes the effect of foreign currency rate fluctuations. To determine net2phone’s subscription revenue growth on a constant currency basis, current period revenues from entities reporting in currencies other than U.S. Dollars (USD) were converted to USD at the average monthly exchange rates in effect during the prior fiscal year’s comparative period instead of the average monthly exchange rates in effect during the current period.

NRS’ average monthly network gross profit per location (average monthly GP per location) is calculated by dividing NRS’ gross profit generated within its retailer network by the average number of locations with either an active POS terminal, or an active payment processing account, or both, during the period. The average number of retailer locations is calculated by adding locations at the beginning and end of the period and dividing by two. The result is divided by three when the period is a fiscal quarter, and by twelve when the period is a fiscal year. Average monthly GP per location is useful for comparisons of NRS’ gross profit and gross profit per customer to prior periods and to competitors and others in the market, as well as for forecasting future revenue from the retailer customer base.

BOSS Money Transactions are a nonfinancial metric that measures customer usage during a reporting period. Average BOSS Money Revenue per Transaction measures the revenue productivity of BOSS Money’s remittance business. It is calculated by dividing BOSS Money revenue during the period by the number of transactions. Average BOSS Money Revenue per Transaction is a key metric for evaluating the productivity and operational performance of the business.

BOSS Money’s Digital Send Volume is the aggregate amount of principal remitted by BOSS Money’s digital customers – those using the BOSS Money and BOSS Revolution apps to originate remittances. BOSS Money’s Digital Send Volume is a key metric for evaluating the operational performance of the digital channel of the remittance business, and for comparing the performance of BOSS Money’s digital channel to competitors in the remittance business as well as to performance to other temporal periods.

NEWARK, N.J., Sept. 14, 2026 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, has scheduled its report of financial and operational results for the fourth quarter and full fiscal year 2026 (the three and twelve months ended July 31, 2026) on Monday, September 28, 2026.

IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and–media) at approximately 4:30 PM Eastern.

IDT will host an earnings conference call beginning at 5:30 PM Eastern with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1- 888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following access code: 266780.

A replay of the conference call will be available approximately three hours after the call concludes through October 12, 2026. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 54497. The replay will also be accessible via streaming audio at the IDT investor relations website.

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech, communications and AI-powered customer experience solutions through a portfolio of synergistic businesses: National Retail Solutions‘ (NRS) point-of-sale (POS) platform enables independent retailers to process transactions and operate more effectively while providing advertisers and marketers with reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides businesses with AI-driven workflow and communications solutions to enhance customer experience; BOSS Revolution makes sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications companies to provision and manage international voice and SMS messaging.

Contact:
Bill Ulrey
IDT Investor Relations
Phone: (973) 438-3838
E-mail: invest@idt.net

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August same-store sales decreased 1.1% year-over-year

The average price paid for the top 500 items in August increased 1.7% year-over-year

NEWARK, N.J., Sept. 09, 2026 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for August 2026.

As of August 31, 2026, the NRS retail network comprised approximately 40,200 active terminals nationwide, scanning purchases at approximately 34,800 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.

August Highlights

(Same-store sales, unit sales, transactions, and average price data refer to August 2026 and are compared to August 2025 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)

• SALES
  • Same-store sales decreased 1.1% year-over-year. In the previous month (July 2026), same-store sales increased 3.3% year-over-year.

Same-store sales decreased 1.8% compared to the previous month (July 2026). Same-store sales in July 2026 increased 0.2% compared to the previous month (June 2026). For the three months ended August 31, 2026, same-store sales increased 1.5% compared to the corresponding three months a year ago.

• UNITS SOLD
  • Units sold decreased 1.6% year-over-year. In the previous month (July 2026), units sold decreased 0.7% year over year.
  • Units sold were unchanged compared to the previous month (July 2026). Units sold in July 2026 decreased 0.5% compared to the previous month (June 2026).
• BASKETS (TRANSACTIONS) PER STORE
  • Baskets decreased 3.1% year-over-year. In the previous month (July 2026), baskets decreased 1.1% year-over-year.
  • Baskets decreased 0.4% compared to the previous month (July 2026). Baskets in July 2026 decreased 1.0% compared to the previous month (June 2026).
• AVERAGE PRICES
  • A dollar-weighted average of prices for the top 500 items purchased in July 2026 increased 1.7% year-over-year. In July, prices also increased 1.7% year over year.

Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)

“Same-store sales in August 2026 decreased 1.1% compared to August 2025. In July, sales had increased 3.3% year-over-year. Units sold and baskets sold both decreased in August for the second consecutive month. Despite the overall drop, sales of performance beverages, prepared cocktails, wine-based cocktails and hydration beverages saw robust increases. Inflation, as measured by the relative prices of our top selling items, was 1.7% – unchanged from July’s level.

“Regionally, sales in the Washington DC metropolitan area led the sales decline. Stores in the South and West regions generally under-performed, with the notable exception of the Raleigh-Durham metro area, while the Midwest and Great Lakes regions trended above average.”

NRSInsights Reports

The NRSInsights monthly Retail Same-Store Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.

Same-store data comparisons of August 2026 with August 2025 are derived from approximately 254 million transactions processed through the approximately 26,200 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of August 2026 with July 2026 are derived from approximately 303 million transactions processed through approximately 33,800 stores.

Same-store data comparisons for the three months ended August 31, 2026 with the year-ago three months are derived from approximately 728 million transactions processed through stores that scanned transactions in both three-month periods.

NRS POS Platform

The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 206 of the 210 designated market areas (DMAs) in the United States, and in several Canadian markets. During August 2026, NRS’ POS terminals processed $2.3 billion in sales across 155 million transactions.

About National Retail Solutions (NRS):

National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions, effectively manage their businesses, and integrate with leading online order and delivery platforms. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure both execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

NRSInsights Contact:

Brandon Thurber
VP, Data Sales & Client Success at NRS
National Retail Solutions
Brandon.Thurber@nrsplus.com

IDT Corporation Contact:

Bill Ulrey
william.ulrey@idt.net

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NEWARK, N.J., Sept. 03, 2026 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a provider of digital products through its IDT Digital Payments business, today announced the launch of eSIM data plans within the popular BOSS Revolution app.

The new eSIM plans join the BOSS Revolution app’s suite of convenient and affordable services, including international long-distance calling, money transfer, and mobile top-up, that enable friends and family stay connected across borders.

The eSIM plans give international travelers instant access to mobile data services, with large savings in more than 190 countries worldwide — including the U.S.

Customers on the BOSS Revolution app can browse, purchase, and quickly activate an eSIM directly – no physical SIM card, carrier store visit, or long-term contract required. Travelers switching from traditional carrier roaming to eSIM-based connectivity can realize savings of 70% to 90% on international data costs, including roaming charges.

“BOSS Revolution app customers now can choose the eSIM plan that best fits their travel plans and, upon arrival, quickly and easily connect to local mobile networks,” said Emilio del Rio, President of IDT Digital Payments. “Our affordable, convenient eSIM plans are also available for travelers visiting the U.S.”

“Whether you’re traveling for business, visiting family abroad, or exploring a new destination, travel eSIMs keep you connected so you can navigate, message, email, share and use your favorite apps. And you never have to worry about searching for Wi-Fi, finding a local SIM card or coming home to a surprisingly large roaming bill,” del Rio added.

IDT Digital Payment’s eSIM initiative comes as global eSIM connectivity usage accelerates. Worldwide, travel eSIM usage is projected to reach approximately 134 million users in 2026, a 32% increase from 2025’s level.

Stay Connected Your Way

BOSS Revolution app customers can choose from two types of eSIM plans to fit their travel preferences:

• Standard eSIM Plans – Pay only for the data you need, with options ranging from 1 GB for 7 days up to 100 GB for 30 days. Some plan prices start at less than $1/GB in certain destinations;
• Unlimited eSIM Plans – Unlimited data for shorter trips of 1 to 30 days. Some plan prices start at less than $2.50 per day in certain destinations.

Every eSIM plan on the BOSS Revolution app – standard or unlimited – includes:

• Reloadable eSIMs, so customers can add more data on the go without buying a new plan;
• Hotspot support, to share a connection with a laptop, tablet, or fellow traveler;
• Reliable connectivity on advanced networks – including 5G where available – for fast browsing, streaming and video calls;
• 12 months of validity from the date of purchase, so an eSIM bought today is ready for the next trip.

Introductory Offer: 20% Savings

To celebrate the launch, BOSS Revolution customers can enjoy a 20% discount on their first eSIM purchase in the BOSS Revolution app for iOS and Android.

About IDT Digital Payments

IDT Digital Payments curates and distributes a global catalog of more than 30,000 digital products across more than 190 countries, including mobile top-ups, mobile data bundles, gift cards, utility prepayments, and eSIMs, reaching consumers through IDT’s BOSS brands, and businesses worldwide through its Zendit.io B2B platform.

About IDT Corporation

IDT Corporation (NYSE: IDT) is a global provider of fintech, communications and AI-powered customer experience solutions through a portfolio of synergistic businesses: National Retail Solutions‘ (NRS) point-of-sale (POS) platform enables independent retailers to process transactions and operate more effectively while providing advertisers and marketers with reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides businesses with AI-driven workflow and communications solutions to enhance customer experience; BOSS Revolution makes sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications companies to provision and manage international voice and SMS messaging.

Contact

Bill Ulrey
IDT Corporate Communications
william.ulrey@idt.net
(973) 438-3838