IDT CORP

Listed Company

IDTCIK 0001005731NYSELarge AcceleratedTelephone Communications (No Radiotelephone)DelawareFY ends Jul 31

Period

FY 2025

Revenue

$1.23B

Net Income

$76.09M

Total Assets

$626.20M

Equity

$305.13M

Shares Out

—

Op. Cash Flow

$127.06M

Business

IDT CORP is a provider of fintech and communications solutions serving underserved consumer and B2B markets and leveraging shared technology and brand assets. It offers POS terminal hardware and integrated software, payment processing and retail media (NRS); cross-border remittances and digital payment services (BOSS Money, IDT Digital Payments); AI-powered unified communications and contact center services (net2phone); and international long-distance, wholesale voice and SMS services (BOSS Revolution, IDT Global). Its reportable segments are National Retail Solutions, Fintech, net2phone, and Traditional Communications. IDT distributes its offerings primarily through digital channels and apps, a nationwide network of retail agents and POS terminals, wholesale portals, and channel partners across the Americas, Europe and worldwide.

Summary from filing dated 2025-09-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
REVENUES	1,231	1,206	1,239	1,364	1,447
DIRECT COST OF REVENUES	785	816	882	1,039	—
GROSS PROFIT	446	390	357	325	—
Selling, general and administrative (i)	288	270	243	217	218
Technology and development (i)	51	51	48	47	—
Severance	898,000	2	935,000	116,000	452,000
Other operating expense, net (see Note 13)	6	3	4	826,000	731,000
TOTAL OPERATING EXPENSES	346	325	296	265	1,391
Income from operations	100	65	61	60	57
Interest income, net	6	5	3	146,000	318,000
Other expense, net	−713,000	−8	−3	−25	8
Income before income taxes	106	62	61	35	65
(Provision for) benefit from income taxes	−25	6	−16	−6	32
NET INCOME	81	68	44	29	97
Net income attributable to noncontrolling interests	−5	−4	−4	−2	−416,000
NET INCOME ATTRIBUTABLE TO IDT CORPORATION	76	64	40	27	96
Basic (per share)	3.02	2.55	1.59	1.05	3.78
Diluted (per share)	3.01	2.54	1.58	1.03	3.7
Basic (shares)	25	25	26	26	25
Diluted (shares)	25	25	26	26	26

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	227	165	104	98	107
Restricted cash and cash equivalents	115	91	95	91	120
Debt securities	22	23	42	22	14
Equity investments	6	5	6	17	42
Trade accounts receivable, net of allowance for credit losses of $9,097 and $6,352 at July 31, 2025 and 2024, respectively	43	42	32	40	47
Settlement assets, net of reserve of $1,367 and $1,866 at July 31, 2025 and 2024, respectively	28	22	32	32	—
Disbursement prefunding	37	31	30	21	28
Prepaid expenses	15	18	17	18	14
Other current assets	29	26	28	24	17
TOTAL CURRENT ASSETS	520	423	387	363	388
Property, plant, and equipment, net	39	39	39	37	31
Goodwill	26	26	26	26	15
Other intangibles, net	5	6	8	10	8
Equity investments	7	7	10	7	12
Operating lease right-of-use assets	2	3	6	7	8
Deferred income tax assets, net	19	35	24	37	42
Other assets	8	12	11	10	10
TOTAL ASSETS	626	550	511	497	513
Trade accounts payable	19	25	22	29	25
Accrued expenses	97	103	111	117	129
Deferred revenue	28	30	35	37	42
Customer funds deposits	115	92	86	86	116
Settlement liabilities	14	13	21	18	—
Other current liabilities	20	16	18	19	28
TOTAL CURRENT LIABILITIES	293	279	294	305	339
Operating lease liabilities	1	2	3	5	5
Other liabilities	2	3	3	7	1
TOTAL LIABILITIES	296	284	300	316	346
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interest	11	11	10	10	—
Preferred stock, $.01 par value; authorized shares10,000; no shares issued	—	—	—	—	—
Additional paid-in capital	308	304	301	296	278
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,872 and 4,493 shares of Class B common stock at July 31, 2025 and 2024, respectively	−144	−126	−115	−102	−60
Accumulated other comprehensive loss	−17	−18	−17	−11	−10
Retained earnings	157	87	25	−16	−43
Total IDT Corporation stockholders equity	305	246	194	168	165
Noncontrolling interests	14	9	6	3	2
TOTAL EQUITY	319	256	200	171	167
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND EQUITY	626	550	511	497	513

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation and amortization	21	20	20	18	—
Deferred income taxes	16	−11	13	5	−33
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets	7	4	2	2	2
Stock-based compensation	3	7	5	—	—
Other	2	5	7	3	−4
Trade accounts receivable	−6	−13	5	−8	977,000
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets	−9	13	−18	−21	−7
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities	−5	−9	−21	−1	−264,000
Customer funds deposits	19	−2	−2	−16	−7
Deferred revenue	−3	−5	−2	−3	2
Net cash provided by operating activities	127	78	52	29	67
Capital expenditures	−21	−19	−22	−22	−17
Notes receivable from equity method investment	−2	—	—	—	—
Purchase of convertible preferred stock in equity method investment	−926,000	−2	−840,000	−1	−4
Purchases of debt securities and equity investments	−33	−30	−60	−24	−43
Proceeds from maturities and sales of debt securities and redemption of equity investments	36	50	49	21	26
Net cash used in investing activities	−21	−748,000	−33	−34	−44
Dividends paid	−6	−3	—	—	—
Distributions to noncontrolling interests	−100,000	−112,000	−348,000	−514,000	—
Proceeds from borrowings under revolving credit facility	25	33	27	3	—
Repayments of borrowings under revolving credit facility	−25	−33	−27	−3	—
Purchase of restricted shares of net2phone and National Retail Solutions common stock	—	−4	—	—	—
Proceeds from exercise of stock options	—	172,000	172,000	137,000	687,000
Repurchases of Class B common stock	−18	−11	−14	−26	−4
Net cash used in financing activities	−23	−17	−14	−16	−5
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents	3	−4	4	−17	8
Net increase in cash, cash equivalents, and restricted cash and cash equivalents	86	57	9	−37	26
Cash payments made for interest	110,000	429,000	536,000	461,000	486,000
Cash payments made for income taxes	279,000	527,000	777,000	109,000	193,000
Value of the Companys Class B common stock exchanged for National Retail Solutions shares	442,000	7	—	—	—
Conversion of equity method investments secured promissory notes into convertible preferred stock	—	—	4	—	—
Shares of the Companys Class B common stock issued to certain executive officers for bonus payments	2	1	615,000	—	—
Shares of the Companys Class B common stock issued for business acquisitions	—	100,000	100,000	1	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro