IDT grows NRS, Fintech, net2phone; adds AI products; faces new federal tax liability

Filed June 9, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 9, 2025 · ~2 min read

Key Changes

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  IDT fully utilized federal NOL carryforwards as of July 31, 2025 and now faces ~21% federal cash tax on pretax income starting fiscal 2026, materially increasing cash tax payments going forward.

  MD&A: Tax Position verify on EDGAR →
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  net2phone launched AI Agent and Coach products priced on interaction-credit bundles, driving revenue growth acceleration from 6.8% to 10.1% and operating income growth of 85.7% despite seat growth slowing to 6.3%.

  MD&A: net2phone Performance verify on EDGAR →
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  NRS acquired Oncore Digital for $4.8M (80% stake) to integrate ad tech and publisher networks with NRS screen network and transaction data, expanding retail media capabilities.

  MD&A: NRS Acquisition verify on EDGAR →