---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-027828"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2022-10-06T23:59:59+00:00"
generated_at: "2026-06-23T04:51:38.172264+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IDT Corp reports Q4 revenue down 16% but operating income up 13%, fintech/cloud growth drives record Adjusted EBITDA

## Summary
- Consolidated Q4 revenue $329M (-16% YoY); operating income up 13% to $19.2M. FY revenue $1,364M (-6%); op income up 6% to $60.1M.
- NRS recurring revenue up 157% to $17.7M; BOSS Money revenue up 56% to $17.0M; net2phone subscription revenue up 37% to $15.1M.
- Net income attributable to IDT fell to $17.2M (Q4) and $27.0M (FY) from $38.7M and $96.5M due to prior-year tax valuation allowance reversals and investment losses.
- NRS active POS terminals increased ~1,400 to 19,400; net2phone seats rose ~12,000 to 291,000.
- Company reported highest quarterly and full-year Adjusted EBITDA in history.

## SEC filing metadata
- accession: 0001493152-22-027828
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2022-10-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315222027828/0001493152-22-027828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315222027828/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-027828
- JSON: https://secwatch.observer/filing/0001493152-22-027828.json
- Plain text: https://secwatch.observer/filing/0001493152-22-027828.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.