COMTECH TELECOMMUNICATIONS CORP /DE/
For the period ended Jul 31, 2025. Filed Nov 10, 2025.
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FY2025 · Filed Nov 10, 2025
CMTL$1.19+6.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of July 31, 2025 and 2024
Consolidated Balance Sheets
As of July 31, 2025 and 2024
| Assets | 2025 | 2024 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $40,019,000 | 32,433,000 |
| Accounts receivable, net | 144,837,000 | 195,595,000 |
| Inventories, net | 68,955,000 | 93,136,000 |
| Prepaid expenses and other current assets | 16,375,000 | 15,387,000 |
| Total current assets | 270,186,000 | 336,551,000 |
| Property, plant and equipment, net | 43,410,000 | 47,328,000 |
| Operating lease right-of-use assets, net | 30,812,000 | 31,590,000 |
| Goodwill | 204,625,000 | 284,180,000 |
| Intangibles with finite lives, net | 173,105,000 | 194,828,000 |
| Deferred financing costs, net | 1,907,000 | 3,251,000 |
| Other assets, net | 16,790,000 | 14,706,000 |
| Total assets | $740,835,000 | 912,434,000 |
| Liabilities, Convertible Preferred Stock and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $25,965,000 | 42,477,000 |
| Accrued expenses and other current liabilities | 58,423,000 | 62,245,000 |
| Current portion of credit facility, net | 4,050,000 | 4,050,000 |
| Operating lease liabilities, current | 7,250,000 | 7,869,000 |
| Contract liabilities | 62,546,000 | 65,834,000 |
| Interest payable | 15,000 | 1,072,000 |
| Total current liabilities | 158,249,000 | 183,547,000 |
| Non-current portion of credit facility, net | 114,414,000 | 173,527,000 |
| Non-current portion of subordinated credit facility, net | 95,588,000 | — |
| Operating lease liabilities, non-current | 29,376,000 | 30,258,000 |
| Income taxes payable, non-current | 1,818,000 | 2,231,000 |
| Deferred tax liability, net | 4,619,000 | 6,193,000 |
| Long-term contract liabilities | 21,005,000 | 21,035,000 |
| Warrant and derivative liabilities | 17,849,000 | 5,254,000 |
| Other liabilities | 3,950,000 | 4,060,000 |
| Total liabilities | 446,868,000 | 426,105,000 |
| Commitments and contingencies (See Note 14) | ||
| Convertible preferred stock, par value $0.10 per share; authorized and issued 178,181 shares at July 31, 2025 (redemption value of $204,153,000, which includes accrued dividends of $1,520,000) and authorized and issued 171,827 shares at July 31, 2024 (redemption value of $180,076,000, which includes accrued dividends of $1,341,000) | 189,545,000 | 180,076,000 |
| Stockholders’ equity: | ||
| Preferred stock, par value $0.10 per share; authorized and unissued 1,821,819 and 1,828,173 shares at July 31, 2025 and 2024, respectively | — | — |
| Common stock, par value $0.10 per share; authorized 100,000,000 shares; issued 44,443,626 shares and 43,766,109 shares at July 31, 2025 and 2024, respectively | 4,444,000 | 4,377,000 |
| Additional paid-in capital | 548,722,000 | 640,145,000 |
| Retained (deficit) earnings | (6,895,000) | 103,580,000 |
| 546,271,000 | 748,102,000 | |
| Less: | ||
| Treasury stock, at cost (15,033,317 shares at July 31, 2025 and 2024) | (441,849,000) | (441,849,000) |
| Total stockholders’ equity | 104,422,000 | 306,253,000 |
| Total liabilities, convertible preferred stock and stockholders’ equity | $740,835,000 | 912,434,000 |
F - 9
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