IDT CORP
For the period ended Jan 31, 2026. Filed Mar 12, 2026.
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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, 2026 · Filed Mar 12, 2026
IDT$83.22+0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Six Months Ended January 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (in thousands) | ||
| Operating activities | ||
| Net income | $46,920 | $40,695 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 10,698 | 10,490 |
| Deferred income taxes | 85 | 12,674 |
| Provision for credit losses and reserve for settlement assets | 2,372 | 2,472 |
| Stock-based compensation | 6,361 | 1,774 |
| Other | 1,971 | 1,077 |
| Changes in assets and liabilities: | ||
| Trade accounts receivable | 761 | (4,271) |
| Prepaid expenses, other current assets, and other assets | 961 | 311 |
| Settlement assets and disbursement prefunding | (50,261) | (47,262) |
| Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities | 68 | (11,844) |
| Customer funds deposits | 9,587 | 15,701 |
| Deferred revenue | (1,343) | (1,500) |
| Net cash provided by operating activities | 28,180 | 20,317 |
| Investing activities | ||
| Capital expenditures | (11,969) | (10,100) |
| Purchase of equity investments | (500) | — |
| Purchase of convertible preferred stock in equity method investment | — | (673) |
| Purchases of debt and equity securities | (26,319) | (15,997) |
| Proceeds from maturities and sales of debt and equity securities | 17,354 | 16,751 |
| Net cash used in investing activities | (21,434) | (10,019) |
| Financing activities | ||
| Dividends paid | (3,018) | (2,524) |
| Distributions to noncontrolling interests | (50) | (50) |
| Proceeds from borrowings under revolving credit facility | 15,987 | 24,534 |
| Repayment of borrowings under revolving credit facility | (15,987) | (24,534) |
| Proceeds from borrowings | 125 | — |
| Repayment of borrowings | (100) | — |
| Proceeds from exercise of stock options | 200 | — |
| Repurchases of Class B common stock | (15,039) | (11,395) |
| Net cash used in financing activities | (17,882) | (13,969) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents | 6,232 | (4,079) |
| Net decrease in cash, cash equivalents, and restricted cash and cash equivalents | (4,904) | (7,750) |
| Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | 341,832 | 255,456 |
| Cash, cash equivalents, and restricted cash and cash equivalents at end of period | $336,928 | $247,706 |
| Supplemental Cash Flow Information | ||
| Cash paid during the period for: | ||
| Income taxes | $7,000 | $— |
| Non-Cash Financing Activities | ||
| Shares of the Company’s Class B common stock issued to an executive officer for bonus payment | $— | $1,824 |
| Value of the Company’s DSUs exchanged for National Retail Solutions shares | $3,547 | $— |
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