IDT Corp Files Q1 2025 10-Q Report
Ticker: IDT · Form: 10-Q · Filed: Dec 10, 2024 · CIK: 1005731
| Field | Detail |
|---|---|
| Company | Idt CORP (IDT) |
| Form Type | 10-Q |
| Filed Date | Dec 10, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
IDT Corp dropped its Q1 2025 10-Q. Check financials.
AI Summary
IDT Corp filed its 10-Q for the period ending October 31, 2024. The filing covers the first quarter of their fiscal year, which began on August 1, 2024. Key financial data and business operations for this period are detailed within the report.
Why It Matters
This filing provides investors with an update on IDT Corp's financial performance and operational status for the first quarter of fiscal year 2025, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- IDT CORP (company) — Filer of the 10-Q report
- 2024-10-31 (date) — End of the reporting period
- 2024-08-01 (date) — Start of the reporting period
- 0731 (date) — Fiscal year end
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the first quarter of fiscal year 2025, ending on October 31, 2024.
When did the fiscal year for IDT Corp begin?
IDT Corp's fiscal year began on August 1, 2024.
What is the fiscal year end for IDT Corp?
IDT Corp's fiscal year ends on July 31.
What is the SEC file number for IDT Corp?
The SEC file number for IDT Corp is 001-16371.
What is the primary business of IDT Corp according to the filing?
According to the filing, IDT Corp is in the TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) industry, with SIC code 4813.
Filing Stats: 4,422 words · 18 min read · ~15 pages · Grade level 19 · Accepted 2024-12-10 16:11:56
Filing Documents
- form10-q.htm (10-Q) — 1491KB
- ex31-1.htm (EX-31.1) — 13KB
- ex31-2.htm (EX-31.2) — 13KB
- ex32-1.htm (EX-32.1) — 6KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001493152-24-049468.txt ( ) — 8111KB
- idt-20241031.xsd (EX-101.SCH) — 60KB
- idt-20241031_cal.xml (EX-101.CAL) — 85KB
- idt-20241031_def.xml (EX-101.DEF) — 247KB
- idt-20241031_lab.xml (EX-101.LAB) — 433KB
- idt-20241031_pre.xml (EX-101.PRE) — 376KB
- form10-q_htm.xml (XML) — 1516KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 3 Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Consolidated Balance Sheets 3 Consolidated Statements of Income 4 Consolidated Statements of Comprehensive Income 5 Consolidated Statements of Equity 6 Consolidated Statements of Cash Flows 7
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.
Quantitative and Qualitative Disclosures About Market Risks
Quantitative and Qualitative Disclosures About Market Risks 30 Item 4.
Controls and Procedures
Controls and Procedures 30
OTHER INFORMATION
PART II. OTHER INFORMATION 31 Item 1.
Legal Proceedings
Legal Proceedings 31 Item 1A.
Risk Factors
Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 31 Item 6. Exhibits 31
SIGNATURES
SIGNATURES 32 2 PART I. FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited) IDT CORPORATION CONSOLIDATED BALANCE SHEETS October 31, 2024 July 31, 2024 (Unaudited) (Note 1) (in thousands, except per share data) Assets Current assets: Cash and cash equivalents $ 148,019 $ 164,557 Restricted cash and cash equivalents 95,194 90,899 Debt securities 27,274 23,438 Equity investments 5,071 5,009 Trade accounts receivable, net of allowance for credit losses of $ 6,634 at October 31, 2024 and $ 6,352 at July 31, 2024 41,566 42,215 Settlement assets, net of reserve of $ 1,903 at October 31, 2024 and $ 1,866 at July 31, 2024 25,245 22,186 Disbursement prefunding 52,041 30,736 Prepaid expenses 12,686 17,558 Other current assets 24,627 25,927 Total current assets 431,723 422,525 Property, plant, and equipment, net 38,944 38,652 Goodwill 26,309 26,288 Other intangibles, net 5,947 6,285 Equity investments 7,092 6,518 Operating lease right-of-use assets 3,101 3,273 Deferred income tax assets, net 29,523 35,008 Other assets 11,995 11,546 Total assets $ 554,634 $ 550,095 Liabilities, redeemable noncontrolling interest, and equity Current liabilities: Trade accounts payable $ 23,647 $ 24,773 Accrued expenses 92,821 103,176 Deferred revenue 29,321 30,364 Customer funds deposits 94,951 91,893 Settlement liabilities 12,710 12,764 Other current liabilities 16,373 16,374 Total current liabilities 269,823 279,344 Operating lease liabilities 1,566 1,533 Other liabilities 1,058 2,662 Total liabilities 272,447 283,539 Commitments and contingencies - - Redeemable noncontrolling interest 11,039 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