COMTECH TELECOMMUNICATIONS CORP /DE/
For the period ended Oct 31, 2025. Filed Dec 11, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2025 · Filed Dec 11, 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
Item 1. Condensed Consolidated Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| Assets | October 31, 2025 | July 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $43,635,000 | 40,019,000 |
| Accounts receivable, net | 140,275,000 | 144,837,000 |
| Inventories, net | 67,845,000 | 68,955,000 |
| Prepaid expenses and other current assets | 14,829,000 | 16,375,000 |
| Total current assets | 266,584,000 | 270,186,000 |
| Property, plant and equipment, net | 44,357,000 | 43,410,000 |
| Operating lease right-of-use assets, net | 31,972,000 | 30,812,000 |
| Goodwill | 204,625,000 | 204,625,000 |
| Intangibles with finite lives, net | 168,061,000 | 173,105,000 |
| Deferred financing costs, net | 1,749,000 | 1,907,000 |
| Other assets, net | 16,772,000 | 16,790,000 |
| Total assets | $734,120,000 | 740,835,000 |
| Liabilities, Convertible Preferred Stock and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $25,955,000 | 25,965,000 |
| Accrued expenses and other current liabilities | 61,083,000 | 58,423,000 |
| Current portion of credit facility | 4,050,000 | 4,050,000 |
| Operating lease liabilities, current | 6,487,000 | 7,250,000 |
| Contract liabilities | 59,355,000 | 62,546,000 |
| Interest payable | — | 15,000 |
| Total current liabilities | 156,930,000 | 158,249,000 |
| Non-current portion of credit facility, net | 116,643,000 | 114,414,000 |
| Non-current portion of subordinated credit facility, net | 100,135,000 | 95,588,000 |
| Operating lease liabilities, non-current | 30,978,000 | 29,376,000 |
| Income taxes payable, non-current | 1,867,000 | 1,818,000 |
| Deferred tax liability, net | 4,287,000 | 4,619,000 |
| Long-term contract liabilities | 20,287,000 | 21,005,000 |
| Warrant and derivative liabilities | 19,921,000 | 17,849,000 |
| Other liabilities | 4,030,000 | 3,950,000 |
| Total liabilities | 455,078,000 | 446,868,000 |
| Commitments and contingencies (See Note 19) | ||
| Convertible preferred stock, par value $0.10 per share; authorized and issued 178,181 shares at October 31, 2025 (redemption value of $208,746,000 which includes accrued dividends of $1,554,000) and authorized and issued 178,181 shares at July 31, 2025 (redemption value of $204,153,000, which includes accrued dividends of $1,520,000) | 193,448,000 | 189,545,000 |
| Stockholders' equity: | ||
| Preferred stock, par value $0.10 per share; authorized and unissued 1,821,819 shares at both October 31, 2025 and July 31, 2025, respectively | — | — |
| Common stock, par value $0.10 per share; authorized 100,000,000 shares; issued 44,643,734 and 44,443,626 shares at October 31, 2025 and July 31, 2025, respectively | 4,464,000 | 4,444,000 |
| Additional paid-in capital | 545,753,000 | 548,722,000 |
| Retained deficit | (22,774,000) | (6,895,000) |
| 527,443,000 | 546,271,000 | |
| Less: | ||
| Treasury stock, at cost (15,033,317 shares at October 31, 2025 and July 31, 2025) | (441,849,000) | (441,849,000) |
| Total stockholders’ equity | 85,594,000 | 104,422,000 |
| Total liabilities, convertible preferred stock and stockholders’ equity | $734,120,000 | 740,835,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.