IDT CORP

For the period ended Jan 31, 2025. Filed Mar 12, 2025.

About 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.

Jan 31, 2025 · Filed Mar 12, 2025

IDT$82.17+0.4%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	January 31, 2025	July 31, 2024
	(Unaudited)	(Note 1)
(in thousands, except per share data)
Assets
Current assets:
Cash and cash equivalents	$142,152	$164,557
Restricted cash and cash equivalents	105,554	90,899
Debt securities	23,852	23,438
Equity investments	5,091	5,009
Trade accounts receivable, net of allowance for credit losses of $7,295 at January 31, 2025 and $6,352 at July 31, 2024	45,127	42,215
Settlement assets, net of reserve of $1,804 at January 31, 2025 and $1,866 at July 31, 2024	41,779	22,186
Disbursement prefunding	57,676	30,736
Prepaid expenses	15,989	17,558
Other current assets	24,914	25,927
Total current assets	462,134	422,525
Property, plant, and equipment, net	38,380	38,652
Goodwill	26,149	26,288
Other intangibles, net	5,583	6,285
Equity investments	6,748	6,518
Operating lease right-of-use assets	2,498	3,273
Deferred income tax assets, net	22,333	35,008
Other assets	11,903	11,546
Total assets	$575,728	$550,095
Liabilities, redeemable noncontrolling interest, and equity
Current liabilities:
Trade accounts payable	$22,482	$24,773
Accrued expenses	89,472	103,176
Deferred revenue	28,384	30,364
Customer funds deposits	104,720	91,893
Settlement liabilities	16,975	12,764
Other current liabilities	16,157	16,374
Total current liabilities	278,190	279,344
Operating lease liabilities	1,349	1,533
Other liabilities	1,093	2,662
Total liabilities	280,632	283,539
Commitments and contingencies	-	-
Redeemable noncontrolling interest	11,228	10,901
Equity:
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued	—	—
Class A common stock, $.01 par value; authorized shares—35,000; 3,272 shares issued and 1,574 shares outstanding at January 31, 2025 and July 31, 2024	33	33
Class B common stock, $.01 par value; authorized shares—200,000; 28,233 and 28,177 shares issued and 23,491 and 23,684 shares outstanding at January 31, 2025 and July 31, 2024, respectively	282	282
Additional paid-in capital	306,781	303,510
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,742 and 4,493 shares of Class B common stock at January 31, 2025 and July 31, 2024, respectively	(137,475)	(126,080)
Accumulated other comprehensive loss	(19,599)	(18,142)
Retained earnings	121,573	86,580
Total IDT Corporation stockholders’ equity	271,595	246,183
Noncontrolling interests	12,273	9,472
Total equity	283,868	255,655
Total liabilities, redeemable noncontrolling interest, and equity	$575,728	$550,095

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.