IDT Corporation (NYSE: IDT) is a global provider of fintech, cloud communications, and traditional communications solutions. For the third quarter of fiscal 2025, the company reported notable growth, indicating a stable condition in its operations. Total revenue reached $302 million, reflecting a year-over-year increase of 1%. This revenue growth was driven by strong performances from its fintech and cloud communications segments.

The company reported a gross profit of $112 million, up 15% from the previous year, contributing to a gross profit margin of 37.1%, which signifies an increase of 470 basis points. Income from operations surged by 133% to $27 million. Adjusted EBITDA also saw a substantial rise of 57%, reaching $32 million.

In terms of earnings, GAAP EPS improved to $0.86 from $0.22, while non-GAAP EPS increased to $0.90 from $0.38. The National Retail Solutions (NRS) segment demonstrated strong growth, with recurring revenue climbing by 23% to $29.4 million and adjusted EBITDA increasing by 29% to $7.2 million. Merchant services revenue within NRS expanded by 37%, and SaaS fees grew by 33%, highlighting solid performance despite a 12% decline in advertising and data revenue.

The BOSS Money remittance platform recorded a 27% rise in transactions to 6 million, with revenue increasing by 25% to $34.4 million. The fintech segment’s gross profit surged 31% to $22.6 million. Additionally, net2phone’s subscription revenue grew by 7% to $21.5 million, accompanied by a substantial 188% increase in income from operations to $1.4 million and a 50% rise in adjusted EBITDA to $3.2 million.

IDT’s focus on operational efficiency is evident, with a cash position bolstered to $224 million from $171 million at the beginning of the year. The company maintained a disciplined approach to cost management, reducing total selling, general, and administrative expenses compared to the prior year.

Looking ahead, IDT confirmed its full-year fiscal 2025 guidance for adjusted EBITDA, projecting to double its first-half total of $63 million to $126 million for the year.