$IDT

IDT CORP

CIK:0001005731|SEC Filings

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2024
REVENUES	$ 1,297,960	$ 1,231,495	$ 1,205,778
Direct cost of revenues	801,172	785,300	815,621
GROSS PROFIT	496,788	446,195	390,157
OPERATING EXPENSES:
Selling, general and administrative (i)	318,346	287,567	270,207
Technology and development (i)	55,743	50,964	50,554
Severance	1,191	898	1,698
Other operating expense, net	343	6,342	2,945
TOTAL OPERATING EXPENSES	375,623	345,771	325,404
Income from operations	121,165	100,424	64,753
Investment Income, Net	6,567	6,127	4,769
Other Nonoperating Income (Expense)	2,245	(713)	(7,612)
Income before income taxes	129,977	105,838	61,910
(Provision for) benefit from income taxes	(34,883)	(24,699)	6,354
NET INCOME	95,094	81,139	68,264
Net income attributable to noncontrolling interests	(8,461)	(5,045)	(3,810)
NET INCOME ATTRIBUTABLE TO IDT CORPORATION	$ 86,633	$ 76,094	$ 64,454
Earnings per share attributable to IDT Corporation common stockholders:
Basic (in dollars per share)	$ 3.47	$ 3.02	$ 2.55
Diluted (in dollars per share)	$ 3.46	$ 3.01	$ 2.54
Basic (in shares)	24,995	25,188	25,241
Diluted (in shares)	25,023	25,295	25,398
(i) Stock-based compensation included in total operating expenses	$ 10,544	$ 3,074	$ 7,397

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2024
OPERATING ACTIVITIES
Net income	$ 95,094	$ 81,139	$ 68,264
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21,400	21,008	20,351
Deferred income taxes	789	16,217	(10,907)
Provision for credit losses and reserve for settlement assets	5,509	7,090	4,390
Stock-based compensation expense	10,544	3,074	7,397
Other	79	2,199	4,579
Changes in assets and liabilities:
Trade accounts receivable	(19,185)	(5,989)	(13,695)
Prepaid expenses, other current assets, and other assets	690	4,835	5,510
Increase (Decrease) in Settlement Assets and Disbursement Prefunding	(75,087)	(13,861)	8,219
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities	22,680	(4,814)	(9,081)
Customer funds deposits	30,144	19,235	(1,820)
Deferred revenue	(1,588)	(3,072)	(5,016)
Net cash provided by operating activities	91,069	127,061	78,191
INVESTING ACTIVITIES
Capital expenditures	(23,107)	(20,770)	(18,922)
Purchase of convertible preferred stock in equity method investment	0	(926)	(2,017)
Payments for acquisition	(1,500)	0	0
Notes receivable from equity method investment	(310)	(1,900)	0
Purchase of equity investments	(1,695)	0	0
Purchases of debt securities and equity investments	(64,402)	(33,453)	(29,921)
Proceeds from maturities and sales of debt securities and equity securities	43,348	36,310	50,112
Net cash used in investing activities	(47,666)	(20,739)	(748)
FINANCING ACTIVITIES
Dividends paid	(6,504)	(5,550)	(2,536)
Distributions to noncontrolling interests	(2,743)	(100)	(112)
Proceeds from borrowings under revolving credit facility	21,421	24,551	32,864
Repayments on borrowings under revolving credit facility	(21,421)	(24,551)	(32,864)
Proceeds from borrowings	185	0	0
Repayments of borrowings	(185)	0	0
Proceeds from exercise of stock options	200	0	172
Net cash used in financing activities	(30,573)	(23,423)	(17,226)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents	4,674	3,477	(3,584)
Net increase in cash, cash equivalents, and restricted cash and cash equivalents	17,504	86,376	56,633
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of year	341,832	255,456	198,823
Cash, cash equivalents, and restricted cash and cash equivalents at end of year	359,336	341,832	255,456
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments made for interest	184	110	429
Cash payments made for income taxes	22,196	279	527
NON-CASH INVESTING AND FINANCING ACTIVITIES
Liabilities incurred for acquisition	3,393	0	0
Value of the Company's Class B Common stock/DSUs exchanged for NRS shares	3,548	442	6,696
Shares of the Company’s Class B common stock issued to certain executive officers for bonus payments	0	1,824	1,494
Shares of the Company’s Class B common stock issued for business acquisitions	0	0	100
Net2phone 2.0 and National Retail Solutions Common Stock [Member]
FINANCING ACTIVITIES
Repurchase of Common Stock	0	0	(4,131)
Common Class B [Member]
FINANCING ACTIVITIES
Repurchase of Common Stock	$ (21,526)	$ (17,773)	$ (10,619)

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2026	Jul. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 220,686	$ 226,505
Restricted cash and cash equivalents	138,650	115,327
Debt securities	38,612	21,649
Equity investments	12,642	5,637
Trade accounts receivable, net of allowance for credit losses of $6,938 and $9,097 at July 31, 2026 and 2025, respectively	60,750	44,932
Settlement assets, net of reserve of $1,535 and $1,367 at July 31, 2026 and 2025, respectively	55,013	28,014
Disbursement prefunding	84,751	37,097
Prepaid expenses	13,395	12,440
Other current assets	30,867	28,702
TOTAL CURRENT ASSETS	655,366	520,303
Property, plant, and equipment, net	41,864	38,869
Goodwill	26,539	26,488
Other intangibles, net	8,762	5,056
Noncurrent equity investments	6,068	6,658
Operating lease right-of-use assets	1,448	1,878
Deferred income tax assets, net	18,002	18,790
Other assets	6,208	8,161
TOTAL ASSETS	764,257	626,203
Liabilities, Current [Abstract]
Trade accounts payable	18,629	19,435
Accrued expenses	106,434	97,295
Deferred revenue	27,124	27,726
Customer funds deposits	147,654	114,708
Settlement liabilities	16,988	13,922
Other Liabilities, Current	35,050	19,910
TOTAL CURRENT LIABILITIES	351,879	292,996
Operating lease liabilities	817	1,103
Other liabilities	3,609	1,688
TOTAL LIABILITIES	356,305	295,787
Commitments and contingencies
Redeemable noncontrolling interest	11,842	11,459
EQUITY:
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued	0	0
Additional paid-in capital	319,225	308,111
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 5,305 and 4,872 shares of Class B common stock at July 31, 2026 and 2025, respectively	(165,379)	(143,853)
Accumulated other comprehensive loss	(14,097)	(16,569)
Retained earnings	237,253	157,124
Total IDT Corporation stockholders’ equity	377,320	305,131
Noncontrolling interests	18,790	13,826
TOTAL EQUITY	396,110	318,957
TOTAL LIABILITIES AND NONCONTROLLING INTERESTS	764,257	626,203
Common Class A [Member]
EQUITY:
Common stock	33	33
Common Class B [Member]
EQUITY:
Common stock	$ 285	$ 285