IDT Corporation’s stock price was $57.36 on July 28th with a trailing P/E of 15.13. The company is transitioning from a low-margin telecom to high-growth technology platforms like NRS, BOSS Money, and net2phone. Gross margins rose to 37% in Q3 FY25, EBITDA grew 57% YoY, and operating income doubled.

NRS, serving 35,000 retailers, has 70%+ CAGR in recurring revenue. BOSS Money hit a $6.5 billion annualized transfer run rate with ~30% annual growth. net2phone has a 26% subscription CAGR and turned profitable. Risks include legacy decline, competition, regulatory exposure, and customer concentration. Valuation is complex, but multiple catalysts offer exposure to high-growth businesses at a strategic inflection point.

A previous bullish thesis on IDT Corporation highlighted the company’s transition to high-growth units NRS and BOSS Money. Shares have increased by 22% as fintech growth and operating leverage exceeded expectations. The transformation continues to accelerate, with Polymath Investor and James Emanuel also optimistic about the company’s potential and spin-off opportunities.

Read more at Yahoo Finance: IDT Corporation (IDT): A Bull Case Theory