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Business Segment Information
 9 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
Business Segment Information

Note 2—Business Segment Information

 

The Company has four reportable business segments, NRS, Fintech, net2phone, and Traditional Communications.

 

The NRS segment is an operator of a nationwide point-of-sale (“POS”) network providing independent retailers with store management software, electronic payment processing, and other ancillary merchant services. NRS’ POS platform provides marketers with digital out-of-home advertising and transaction data.

 

The Fintech segment is comprised of: (i) BOSS Money, a provider of international money remittance and related value/payment transfer services; and (ii) other, significantly smaller, financial services businesses, including a variable interest entity (“VIE”) that processes disbursement payments (the “Disbursement Payments VIE”), and IDT Financial Services Limited (“IDT Financial Services”), a Gibraltar-based bank.

 

The net2phone segment is comprised of net2phone’s integrated cloud communications and contact center services.

 

The Traditional Communications segment includes: (i) IDT Digital Payments, which enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts; (ii) BOSS Revolution, an international long-distance calling service marketed primarily to immigrant communities in the United States and Canada; and (iii) IDT Global, a wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide. Traditional Communications also includes other small businesses and offerings including early-stage business initiatives and mature businesses in harvest mode.

 

The Company’s reportable segments are distinguished by types of service, customers, and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. There are no significant asymmetrical allocations to segments. The Company evaluates the performance of its business segments based primarily on income (loss) from operations.

 

 

Corporate costs mainly include compensation, consulting fees, treasury, tax and accounting services, human resources, corporate purchasing, corporate governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate legal, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any direct cost of revenues.

 

Operating results for the business segments of the Company were as follows:

 

(in thousands)  National Retail Solutions   Fintech   net2phone   Traditional Communications   Corporate   Total 
Three Months Ended April 30, 2025                              
Revenues  $31,145   $38,619   $21,990   $210,231   $—   $301,985 
Income (loss) from operations   6,167    4,311    1,372    17,348    (2,612)   26,586 
Depreciation and amortization   (1,038)   (703)   (1,605)   (1,852)   (14)   (5,212)
                               
Three Months Ended April 30, 2024                              
Revenues  $25,712   $31,526   $20,677   $221,728   $—   $299,643 
Income (loss) from operations   4,768    (553)   476    12,467    (5,726)   11,432 
Depreciation and amortization   (819)   (723)   (1,574)   (1,978)   (17)   (5,111)
                               
Nine Months Ended April 30, 2025                              
Revenues  $94,483   $112,527   $65,099   $642,792   $—   $914,901 
Income (loss) from operations   21,907    10,644    3,476    51,088    (8,572)   78,543 
Depreciation and amortization   (2,993)   (2,195)   (4,738)   (5,729)   (47)   (15,702)
                               
Nine Months Ended April 30, 2024                              
Revenues  $74,930   $86,076   $60,957   $674,983   $—   $896,946 
Income (loss) from operations   15,578    (2,673)   836    42,491    (11,617)   44,615 
Depreciation and amortization   (2,330)   (2,141)   (4,565)   (6,155)   (65)   (15,256)