IDT provides low-cost international communication and payment services, including affordable international calling and cross-border money transfers. Its BOSS Revolution service enables PIN-free international calling and, since 2013, money transfers for consumers. The company earns fees from these services and also offers gift-card incentives under the Awards2Go brand. IDT focuses on reliability through capacity stress testing and aims to help individuals and businesses access inexpensive, easy-to-use global telecom and financial services.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Newark, NJ
Founded
1990
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Total Funding
$90M
Above
Industry Average
Funded Over
1 Rounds
Simply Wall St has picked three under-followed US stocks it says are undervalued, as fresh warnings about disruption near the Strait of Hormuz put energy costs back in focus. It argues that investors fixated on big resource exporters are overlooking smaller companies with healthy balance sheets. Universal Insurance Holdings (market cap $1.33 billion) sells home insurance and earns about $1.63 billion in revenue. Premium growth outside Florida rose 25.4% year over year, which helps spread its risk. IDT (market cap $2.10 billion) runs National Retail Solutions point-of-sale terminals alongside fintech and communications services. Traditional Communications brought in about $866 million. Heritage Insurance Holdings (market cap $1.07 billion) insures coastal homes and earns about $855 million. Management says most territories have reopened to new business after years of shrinking policy counts.
IDT's stock surged 17% this week following strong fourth-quarter results for fiscal 2026. The fintech and telecom company posted record gross profit and operating income, with revenue rising 7% year-over-year to $339 million and attributable net income jumping 29% to nearly $22 million. The company beat revenue estimates of $320 million but missed the adjusted earnings forecast of $0.97 per share, coming in at $0.94. Freedom Broker analyst Mikhail Paramonov raised his price target from $75 to $85 whilst maintaining a buy rating. IDT guided for double-digit growth in annual gross profit, projecting $545 million to $555 million this fiscal year, and expects record adjusted EBITDA of $176 million to $180 million.
IDT Corporation has launched eSIM data plans within its BOSS Revolution app, offering mobile connectivity in over 190 countries. The digital payment provider announced that customers can purchase and activate eSIMs directly through the app without physical SIM cards or carrier visits. The company claims travellers can save 70% to 90% on international data costs compared to traditional carrier roaming. First-time eSIM purchasers receive a 20% discount. Plans include standard options ranging from 1GB for seven days to 100GB for 30 days, with some starting below $1 per GB. Unlimited plans for trips of one to 30 days are also available, starting at less than $2.50 daily in select destinations. The launch comes as global travel eSIM usage is projected to reach approximately 134 million users in 2026, representing a 32% increase from 2025.
IDT Corporation's higher-margin growth businesses — National Retail Solutions, BOSS Money and net2phone — now generate about one-third of revenue and two-thirds of gross profit, growing revenue 17% year over year in the latest quarter. National Retail Solutions reached $141 million in trailing-12-month recurring revenue, whilst BOSS Money benefited from accelerating digital remittances and net2phone posted record 17% adjusted EBITDA margins after subscription revenue rose 12% year over year. The company is delaying its planned net2phone spin-off, citing a desire for greater business scale and more favourable capital-market conditions. IDT ended the quarter with $251 million in cash and no debt. Consolidated adjusted EBITDA rose 13% to $37.5 million.
IDT Corporation's subsidiary, IDT Telecom, has extended its revolving credit facility with TD Bank to July 2029, nearly three years beyond the previous August 2026 maturity date. The amendment, executed on 13 August 2026, increases seasonal borrowing capacity to $50 million during May and December, up from $25 million in other months. The agreement adds three new corporate guarantors: National Retail Solutions, IDT Payment Services, and IDT Payment Services of New York. The extension provides IDT with enhanced financial flexibility to manage working capital requirements during peak seasonal periods. The facility remains secured by assets of IDT Telecom, IDT Corporation, and other key subsidiaries.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Newark, NJ
Founded
1990
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs