IDT (IDT) 10-Q 11 Dec 23 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Oct. 31, 2023	Dec. 07, 2023
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--07-31
Entity File Number	1-16371
Entity Registrant Name	IDT CORPORATION
Entity Central Index Key	0001005731
Entity Tax Identification Number	22-3415036
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	520 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	(973)
Local Phone Number	438-1000
Title of 12(b) Security	Class B common stock, par value $.01 per share
Trading Symbol	IDT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class A [Member]
Entity Common Stock, Shares Outstanding		1,574,326
Common Class B [Member]
Entity Common Stock, Shares Outstanding		23,586,304

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Current assets:
Cash and cash equivalents	$ 121,668	$ 103,637
Restricted cash and cash equivalents	86,785	95,186
Debt securities	33,242	42,414
Equity investments	4,761	6,198
Trade accounts receivable, net of allowance for credit losses of $5,909 at October 31, 2023 and allowance for doubtful accounts of $5,642 at July 31, 2023	35,328	32,092
Settlement assets, net of reserve of $1,469 at October 31, 2023 and $1,143 at July 31, 2023	18,122	32,396
Disbursement prefunding	35,733	30,113
Prepaid expenses	19,502	16,638
Other current assets	27,034	28,394
Total current assets	382,175	387,068
Property, plant, and equipment, net	38,802	38,655
Goodwill	26,311	26,457
Other intangibles, net	7,215	8,196
Equity investments	8,150	9,874
Operating lease right-of-use assets	4,910	5,540
Deferred income tax assets, net	20,539	24,101
Other assets	10,944	10,919
Total assets	499,046	510,810
Current liabilities:
Trade accounts payable	24,469	22,231
Accrued expenses	100,107	110,796
Deferred revenue	34,042	35,343
Customer deposits	79,541	86,481
Settlement liabilities	19,268	21,495
Other current liabilities	18,507	17,761
Total current liabilities	275,934	294,107
Operating lease liabilities	2,346	2,881
Other liabilities	3,220	3,354
Total liabilities	281,500	300,342
Commitments and contingencies
Redeemable noncontrolling interest	10,579	10,472
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital	302,351	301,408
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,279 and 4,152 shares of Class B common stock at October 31, 2023 and July 31, 2023, respectively	(118,312)	(115,461)
Accumulated other comprehensive loss	(16,627)	(17,192)
Retained earnings	32,321	24,662
Total IDT Corporation stockholders’ equity	200,045	193,729
Noncontrolling interests	6,922	6,267
Total equity	206,967	199,996
Total liabilities, redeemable noncontrolling interest, and equity	499,046	510,810
Common Class A [Member]
IDT Corporation stockholders’ equity:
Common stock, value	33	33
Common Class B [Member]
IDT Corporation stockholders’ equity:
Common stock, value	$ 279	$ 279

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Allowance for doubtful accounts receivable current	$ 5,909	$ 5,642
Settlement assets, net of reserve	$ 1,469	$ 1,143
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Common Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	35,000	35,000
Common stock, shares issued	3,272	3,272
Common stock, shares outstanding	1,574	1,574
Treasury stock shares	1,698	1,698
Common Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	27,865	27,851
Common stock, shares outstanding	23,586	23,699
Treasury stock shares	4,279	4,152

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Revenues		$ 301,205	$ 321,816
Direct cost of revenues		206,777	232,670
Gross profit		94,428	89,146
Operating expenses (gains):
Selling, general and administrative	[1]	77,222	69,620
Severance		525	100
Other operating gain, net (see Note 10)		(484)	(800)
Total operating expenses		77,263	68,920
Income from operations		17,165	20,226
Interest income, net		844	509
Other expense, net		(5,586)	(3,842)
Income before income taxes		12,423	16,893
Provision for income taxes		(3,947)	(4,338)
Net income		8,476	12,555
Net income attributable to noncontrolling interests		(817)	(1,553)
Net income attributable to IDT Corporation		$ 7,659	$ 11,002
Earnings per share attributable to IDT Corporation common stockholders:
Basic		$ 0.30	$ 0.43
Diluted		$ 0.30	$ 0.43
Weighted-average number of shares used in calculation of earnings per share:
Basic		25,178	25,603
Diluted		25,277	25,616
[1]Stock-based compensation included in selling, general and administrative expense

Consolidated Statements of In_2

Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands		3 Months Ended
		Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Share based compensation	[1]	$ 771	$ 572
[1]Stock-based compensation included in selling, general and administrative expense

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Net income	$ 8,476	$ 12,555
Change in unrealized loss on available-for-sale securities	(66)	(222)
Foreign currency translation adjustments	631	(145)
Other comprehensive income (loss)	565	(367)
Comprehensive income	9,041	12,188
Comprehensive income attributable to noncontrolling interests	(817)	(1,553)
Comprehensive income attributable to IDT Corporation	$ 8,224	$ 10,635

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
BALANCE at Jul. 31, 2022	$ 170,637	$ 33	$ 277	$ 296,005	$ (101,565)	$ (11,305)	$ (15,830)	$ 3,022
Repurchases of Class B common stock through repurchase program	(5,006)				(5,006)
Restricted Class B common stock purchased from employees	(335)				(335)
Stock-based compensation	572		1	571
Distributions to noncontrolling interests	(99)							(99)
Other comprehensive loss	(367)					(367)
Stock issued to certain executive officers for bonus payments	615			615
Net income	12,422						11,002	1,420
BALANCE at Oct. 31, 2022	178,439	33	278	297,191	(106,906)	(11,672)	(4,828)	4,343
BALANCE at Jul. 31, 2023	199,996	33	279	301,408	(115,461)	(17,192)	24,662	6,267
Exercise of stock options	172			172
Repurchases of Class B common stock through repurchase program	(2,836)				(2,836)
Restricted Class B common stock purchased from employees	(15)				(15)
Stock-based compensation	771			771
Distributions to noncontrolling interests	(55)							(55)
Other comprehensive loss	565					565
Stock issued to certain executive officers for bonus payments
Net income	8,369						7,659	710
BALANCE at Oct. 31, 2023	$ 206,967	$ 33	$ 279	$ 302,351	$ (118,312)	$ (16,627)	$ 32,321	$ 6,922

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Oct. 31, 2023	Oct. 31, 2022
Operating activities
Net income		$ 8,476	$ 12,555
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		5,047	4,790
Deferred income taxes		3,561	3,672
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets		759	430
Net unrealized loss from marketable securities		1,528	1,846
Stock-based compensation	[1]	771	572
Other		897	756
Changes in assets and liabilities:
Trade accounts receivable		(4,572)	2,442
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets		8,250	(4,380)
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities		(7,061)	(6,970)
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank)		(2,326)	2,865
Deferred revenue		(540)	(394)
Net cash provided by operating activities		14,790	18,184
Investing activities
Capital expenditures		(4,322)	(5,172)
Purchase of convertible preferred stock in equity method investment		(672)
Purchases of debt securities and equity investments		(7,750)	(2,058)
Proceeds from maturities and sales of debt securities and equity investments		17,067	11,472
Net cash provided by investing activities		4,323	4,242
Financing activities
Distributions to noncontrolling interests		(55)	(99)
Proceeds from other liabilities		100	300
Repayment of other liabilities		(15)	(1,916)
Proceeds from borrowings under revolving credit facility		30,315
Repayment of borrowings under revolving credit facility		(30,315)
Proceeds from exercise of stock options		172
Repurchases of Class B common stock		(2,851)	(5,341)
Net cash used in financing activities		(2,649)	(7,056)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents		(6,834)	(6,157)
Net increase in cash, cash equivalents, and restricted cash and cash equivalents		9,630	9,213
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period		198,823	189,562
Cash, cash equivalents, and restricted cash and cash equivalents at end of period		208,453	198,775
Supplemental Schedule of Non-Cash Financing Activities
Stock issued to certain executive officers for bonus payments			$ 615
[1]Stock-based compensation included in selling, general and administrative expense

Basis of Presentation

Basis of Presentation	3 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Note 1— Basis of Presentation The accompanying unaudited consolidated financial statements of IDT Corporation and its subsidiaries (the “Company” or “IDT”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended October 31, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2024. The balance sheet at July 31, 2023 has been derived from the Company’s audited financial statements at that date but does not include all of the information and notes required by U.S. GAAP for complete financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2023, as filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s fiscal year ends on July 31 of each calendar year. Each reference below to a fiscal year refers to the fiscal year ending in the calendar year indicated (e.g., fiscal 2024 refers to the fiscal year ending July 31, 2024). As of October 31, 2023, the Company owned 90.0% 80.0% 85.8% 77.7% Reclassifications As of August 1, 2023, the Company includes depreciation and amortization in “Direct cost of revenues” and “Selling, general and administrative” expense and is reporting gross profit in the consolidated statements of income. Prior to August 1, 2023, depreciation and amortization was a separate caption in the consolidated statements of income. Depreciation and amortization expense of $ 4.8 1.0 3.8 In the consolidated statements of cash flows, cash provided by “Trade accounts receivable” in the three months ended October 31, 2022 of $ 2.7 Recently Adopted Accounting Standard On August 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments,

Business Segment Information

Business Segment Information	3 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	Note 2— Business Segment Information The Company has four The NRS segment is an operator of a nationwide point-of-sale (“POS”) network providing independent retailers with store management software, electronic payment processing, and other ancillary merchant services. NRS’ POS platform provides marketers with digital out-of-home advertising and transaction data. The Fintech segment is comprised of BOSS Money, a provider of international money remittance and related value/payment transfer services, as well as other, significantly smaller, financial services businesses, including Leaf Global Fintech Corporation (“Leaf”), a provider of digital wallet services in emerging markets, a variable interest entity that operates money transfer businesses, and IDT Financial Services Limited (“IDT Financial Services”), the Company’s Gibraltar-based bank. The net2phone segment is comprised of net2phone’s cloud communications and contact center offerings. The Traditional Communications segment includes IDT Digital Payments, which enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts, BOSS Revolution Calling, an international long-distance calling service marketed primarily to immigrant communities in the United States and Canada, and IDT Global, a wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide. Traditional Communications also includes other small businesses and offerings including early-stage business initiatives and mature businesses in harvest mode. The Company’s reportable segments are distinguished by types of service, customers, and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. There are no significant asymmetrical allocations to segments. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. Corporate costs mainly include compensation, consulting fees, treasury, tax and accounting services, human resources, corporate purchasing, corporate governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate legal, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any direct cost of revenues. Operating results for the business segments of the Company were as follows: Schedule of Operating Results of Business Segments (in thousands) National Retail Solutions Fintech net2phone Traditional Communications Corporate Total Three Months Ended October 31, 2023 Revenues $ 23,995 $ 26,563 $ 19,927 $ 230,720 $ — $ 301,205 Income (loss) from operations 5,460 (1,383 ) (7 ) 15,406 (2,311 ) 17,165 Depreciation and amortization: Included in “Direct cost of revenues” 450 22 600 184 — 1,256 Included in “Selling, general and administrative expense” 285 671 840 1,964 31 3,791 Three Months Ended October 31, 2022 Revenues $ 19,313 $ 19,887 $ 16,950 $ 265,666 $ — $ 321,816 Income (loss) from operations 5,231 1,512 (1,056 ) 17,263 (2,724 ) 20,226 Depreciation and amortization: Included in “Direct cost of revenues” 320 23 498 193 — 1,034 Included in “Selling, general and administrative expense” 158 598 854 2,128 18 3,756 Total depreciation and amortization 158 598 854 2,128 18 3,756

Revenue Recognition

Revenue Recognition	3 Months Ended
	Oct. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 3— Revenue Recognition The Company earns revenue from contracts with customers, primarily through the provision of retail telecommunications and payment offerings as well as wholesale international voice and SMS termination. BOSS Money, NRS, and net2phone are technology-driven, synergistic businesses that leverage the Company’s core assets. BOSS Money’s and NRS’ revenues are primarily recognized at a point in time, and net2phone’s revenue is mainly recognized over time. Traditional Communications are mostly minute-based, paid-voice communications services, and revenue is primarily recognized at a point in time. The Company’s most significant revenue streams are from IDT Digital Payments, BOSS Revolution Calling, and IDT Global. IDT Digital Payments and BOSS Revolution Calling are sold direct-to-consumer and through distributors and retailers. Disaggregated Revenues The following table shows the Company’s revenues disaggregated by business segment and service offered to customers: Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers 2023 2022 Three Months Ended 2023 2022 (in thousands) National Retail Solutions $ 23,995 $ 19,313 BOSS Money 24,239 17,554 Other 2,324 2,333 Total Fintech 26,563 19,887 net2phone 19,927 16,950 IDT Digital Payments 99,986 109,048 BOSS Revolution Calling 71,222 86,253 IDT Global 52,034 61,611 Other 7,478 8,754 Total Traditional Communications 230,720 265,666 Total $ 301,205 $ 321,816 Revenues $ 301,205 $ 321,816 The following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location: Schedule of Revenues Disaggregated by Geographic Region (in thousands) National Retail Solutions Fintech net2phone Traditional Communications Total Three Months Ended October 31, 2023 United States $ 23,995 $ 25,834 $ 10,688 $ 162,998 $ 223,515 Outside the United States: United Kingdom — — — 58,843 58,843 Other — 729 9,239 8,879 18,847 Total outside the United States — 729 9,239 67,722 77,690 Total $ 23,995 $ 26,563 $ 19,927 $ 230,720 $ 301,205 Revenues $ 23,995 $ 26,563 $ 19,927 $ 230,720 $ 301,205 (in thousands) National Retail Solutions Fintech net2phone Traditional Communications Total Three Months Ended October 31, 2022 United States $ 19,313 $ 19,255 $ 8,802 $ 184,838 $ 232,208 Outside the United States: United Kingdom — — — 68,940 68,940 Other — 632 8,148 11,888 20,668 Total outside the United States — 632 8,148 80,828 89,608 Total $ 19,313 $ 19,887 $ 16,950 $ 265,666 $ 321,816 Revenues $ 19,313 $ 19,887 $ 16,950 $ 265,666 $ 321,816 Remaining Performance Obligations The following table includes revenue by business segment expected to be recognized in the future from performance obligations that were unsatisfied or partially unsatisfied as of October 31, 2023. The table excludes contracts that had an original expected duration of one year or less. Schedule of Estimated Revenue by Business Segment (in thousands) National Retail Solutions net2phone Total Twelve-month period ending October 31: 2024 $ 5,740 $ 38,430 $ 44,170 2025 4,767 19,092 23,859 Thereafter 4,682 6,718 11,400 Total $ 15,189 $ 64,240 $ 79,429 Accounts Receivable and Contract Balances The timing of revenue recognition may differ from the time of billing to the Company’s customers. Trade accounts receivable in the Company’s consolidated balance sheets represent unconditional rights to consideration. The Company would record a contract asset when revenue is recognized in advance of its right to bill and receive consideration. The Company has not currently identified any contract assets. Contract liabilities arise when the Company receives consideration or bills its customers prior to providing the goods or services promised in the contract. The Company’s contract liability balance is primarily payments received for prepaid BOSS Revolution Calling. Contract liabilities are recognized as revenue when services are provided to the customer. The contract liability balances are presented in the Company’s consolidated balance sheets as “Deferred revenue”. The following table presents information about the Company’s contract liability balance: Schedule of Information About Contract Liabilities 2023 2022 Three Months Ended 2023 2022 (in thousands) Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period $ 16,089 $ 17,906 Deferred Customer Contract Acquisition and Fulfillment Costs The Company recognizes as an asset its incremental costs of obtaining a contract with a customer that it expects to recover. The Company’s incremental costs of obtaining a contract with a customer are sales commissions paid to employees and third parties on sales to end users. If the amortization period were one year or less for the asset that would be recognized from deferring these costs, the Company applies the practical expedient whereby the Company charges these costs to expense when incurred. For net2phone sales, the Company defers these costs and amortizes them over the expected customer relationship period when it is expected to exceed one year. The Company’s costs to fulfill its contracts do not meet the criteria to be recognized as an asset, therefore these costs are charged to expense as incurred. The Company’s deferred customer contract acquisition costs were as follows: Schedule of Deferred Customer Contract Acquisition Costs October 31, July 31, (in thousands) Deferred customer contract acquisition costs included in “Other current assets” $ 4,180 $ 4,460 Deferred customer contract acquisition costs included in “Other assets” 3,744 3,734 Total $ 7,924 $ 8,194 The Company’s amortization of deferred customer contract acquisition costs during the periods were as follows: Schedule of Amortization of Deferred Customer Contract Acquisition Costs Three Months Ended 2023 2022 (in thousands) Amortization of deferred customer contract acquisition costs $ 1,215 $ 1,176

Leases

Leases	3 Months Ended
	Oct. 31, 2023
Leases
Leases	Note 4— Leases The Company’s leases primarily consist of operating leases for office space. These leases have remaining terms from less than one year five years net2phone is the lessee under equipment leases that are classified as finance leases. The assets and liabilities related to these finance leases are not material to the Company’s consolidated balance sheets. Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company's Operating Leases Three Months Ended 2023 2022 (in thousands) Operating lease cost $ 758 $ 767 Short-term lease cost 326 269 Total lease cost $ 1,084 $ 1,036 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 791 $ 764 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 791 $ 764 Schedule of Supplemental Disclosures Related Weighted Average Operating Leases October 31, July 31, Weighted-average remaining lease term-operating leases 2.1 2.3 Weighted-average discount rate-operating leases 3.9 % 3.7 % In the three months ended October 31, 2023 and 2022, the Company obtained right-of-use assets of $ 0.1 0.4 The Company’s aggregate operating lease liability was as follows: Schedule of Aggregate Operating Lease Liability October 31, July 31, (in thousands) Operating lease liabilities included in “ Other current liabilities $ 2,732 $ 2,861 Operating lease liabilities included in noncurrent liabilities 2,346 2,881 Total $ 5,078 $ 5,742 Future minimum maturities of operating lease liabilities were as follows: Schedule of Future Minimum Maturities of Operating Lease Liabilities (in thousands) Twelve-month period ending October 31: 2024 $ 2,883 2025 1,713 2026 478 2027 220 2028 12 Thereafter — Total lease payments 5,306 Less imputed interest (228 ) Total operating lease liabilities $ 5,078

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents	3 Months Ended
	Oct. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents	Note 5— Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows: Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents October 31, July 31, (in thousands) Cash and cash equivalents $ 121,668 $ 103,637 Restricted cash and cash equivalents 86,785 95,186 Total cash, cash equivalents, and restricted cash and cash equivalents $ 208,453 $ 198,823 At October 31, 2023 and July 31, 2023, restricted cash and cash equivalents included $ 80.1 87.3 Company Restricted Cash and Cash Equivalents The Company treats unrestricted cash and cash equivalents held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC, which provide the Company’s international money transfer services in the United States, as substantially restricted and unavailable for other purposes. At October 31, 2023 and July 31, 2023, “Cash and cash equivalents” in the Company’s consolidated balance sheets included an aggregate of $ 35.1 20.6

Debt Securities

Debt Securities	3 Months Ended
	Oct. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Debt Securities	Note 6— Debt Securities The following is a summary of available-for-sale debt securities: Schedule of Available-for-sale Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) October 31, 2023: Certificates of deposit* $ 1,920 $ — $ (3 ) $ 1,917 U.S. Treasury bills and notes 25,085 — (141 ) 24,944 Government sponsored enterprise notes 3,047 — (3 ) 3,044 Corporate bonds 3,901 — (564 ) 3,337 Total $ 33,953 $ — $ (711 ) $ 33,242 July 31, 2023: Certificates of deposit* $ 4,080 $ — $ (4 ) $ 4,076 U.S. Treasury bills and notes 31,186 — (148 ) 31,038 Government sponsored enterprise notes 3,881 — (8 ) 3,873 Corporate bonds 3,912 — (485 ) 3,427 Total $ 43,059 $ — $ (645 ) $ 42,414 * Each of the Company’s certificates of deposit has a CUSIP, was purchased in the secondary market through a broker and may be sold in the secondary market. The gross unrealized losses in the table above are recorded in “Accumulated other comprehensive loss” in the consolidated balance sheets. As of October 31, 2023, the Company determined that the unrealized losses were due to changes in interest rates or market liquidity and were not due to credit losses. In addition, the Company does not intend to sell any of the securities with unrealized losses, and it is not more likely than not that the Company will be required to sell any of the securities with unrealized losses. Proceeds from maturities and sales of debt securities and redemptions of equity investments were $ 17.1 11.5 The contractual maturities of the Company’s available-for-sale debt securities at October 31, 2023 were as follows: Schedule of Contractual Maturities of Available-for-sale Debt Securities Fair Value (in thousands) Within one year $ 26,185 After one year through five years 5,904 After five years through ten years 1,110 After ten years 43 Total $ 33,242 The following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not recognized: Schedule of Available-for-sale Securities, Unrealized Loss Position Unrealized Losses Fair Value (in thousands) October 31, 2023: Certificates of deposit $ 3 $ 1,917 U.S. Treasury bills and notes 141 24,944 Government sponsored enterprise notes 3 3,044 Corporate bonds 564 3,337 Total $ 711 $ 33,242 July 31, 2023: Certificates of deposit $ 4 $ 3,356 U.S. Treasury bills and notes 148 31,038 Government sponsored enterprise notes 8 3,873 Corporate bonds 485 3,368 Total $ 645 $ 41,635 The following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months or longer: Schedule of Continuous Unrealized Loss Position for 12 Months or Longer Unrealized Losses Fair Value (in thousands) October 31, 2023: U.S. Treasury bills and notes $ 66 $ 639 Corporate bonds 556 3,216 Total $ 622 $ 3,855 July 31, 2023: U.S. Treasury bills and notes $ 86 $ 816 Corporate bonds 484 3,299 Total $ 570 $ 4,115 At October 31, 2023 and July 31, 2023, the Company did not intend to sell any of the debt securities included in the table above, and it is not more likely than not that the Company will be required to sell any of these securities before recovery of the unrealized losses, which may be at maturity.

Equity Investments

Equity Investments	3 Months Ended
	Oct. 31, 2023
Cash and Cash Equivalents [Abstract]
Equity Investments	Note 7— Equity Investments Equity investments consist of the following: Schedule of Equity Investments October 31, July 31, (in thousands) Zedge, Inc. Class B common stock, 42,282 $ 81 $ 89 Rafael Holdings, Inc. Class B common stock, 278,810 496 558 Other marketable equity securities 281 1,497 Fixed income mutual funds 3,903 4,054 Current equity investments $ 4,761 $ 6,198 Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) $ 1,249 $ 1,263 Convertible preferred stock—equity method investment 2,444 2,784 Hedge funds 3,002 3,002 Other 1,455 2,825 Noncurrent equity investments $ 8,150 $ 9,874 Howard S. Jonas, the Chairman of the Company (an executive officer position) and the Chairman of the Company’s Board of Directors, is also the Vice-Chairman of the Board of Directors of Zedge, Inc. and the The changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company elected the measurement alternative was as follows: Schedule of Carrying Value of Equity Investments Three Months Ended 2023 2022 (in thousands) Balance, beginning of period $ 1,632 $ 1,501 Adjustment for observable transactions involving a similar investment from the same issuer (14 ) (27 ) Upward adjustment 129 — Impairments — — Balance, end of the period $ 1,747 $ 1,474 The Company decreased the carrying value of the shares of Visa Series C Preferred it held based on the fair value of Visa Class A common stock, including a discount for lack of current marketability, which is classified as “Adjustment for observable transactions involving a similar investment from the same issuer” in the table above. In addition, in connection with the acquisition of Regal Bancorp by SR Bancorp in September 2023, the Company adjusted the carrying value of its shares of Regal Bancorp common stock. Unrealized losses for all equity investments measured at fair value included the following: Schedule of Unrealized (losses) Gains for All Equity Investments Three Months Ended 2023 2022 (in thousands) Net losses recognized during the period on equity investments $ (917 ) $ (1,941 ) Plus: net losses recognized during the period on equity investments sold during the period — 4 Unrealized losses recognized during the period on equity investments still held at the reporting date $ (917 ) $ (1,937 ) The unrealized gains and losses for all equity investments measured at fair value in the table above included the following: Three Months Ended 2023 2022 (in thousands) Unrealized losses recognized during the period on equity investments: Rafael Class B common stock $ (62 ) $ (72 ) Zedge Class B common stock $ (8 ) $ (27 ) Unrealized losses recognized during the period on equity investments still held at the reporting date $ (917 ) $ (1,937 ) Equity Method Investment The Company has an investment in shares of convertible preferred stock of a communications company (the equity method investee, or “EMI”). As of both October 31, 2023 and July 31, 2023, the Company’s ownership was 33.3 % of the EMI’s outstanding shares on an as converted basis. The Company accounts for this investment using the equity method since the Company can exercise significant influence over the operating and financial policies of the EMI but does not have a controlling interest. The Company determined that on the dates of the acquisitions of the EMI’s shares, there were differences between its investment in the EMI and its proportional interest in the equity of the EMI of an aggregate of $ 8.2 These basis differences are being amortized over the 6-year estimated life of the customer list. The following table summarizes the change in the balance of the Company’s equity method investment: Summary of Changes in Equity Method Investments Three Months Ended October 31, 2023 2022 (in thousands) Balance, beginning of period $ 2,784 $ 1,001 Purchase of convertible preferred stock 672 — Equity in the net loss of investee (670 ) (470 ) Amortization of equity method basis difference (342 ) (182 ) Balance, end of period $ 2,444 $ 349 Summarized financial information of the EMI was as follows: Summary of Statements of Operations Three Months Ended October 31, 2023 2022 (in thousands) Revenues $ 2,551 $ 1,873 Costs and expenses: Direct cost of revenues 2,193 1,694 Selling, general and administrative 2,093 1,636 Total costs and expenses 4,286 3,330 Loss from operations (1,735 ) (1,457 ) Other expense, net (104 ) (344 ) Net loss $ (1,839 ) $ (1,801 )

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8— Fair Value Measurements The following table presents the balance of assets and liabilities measured at fair value on a recurring basis: Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis Level 1 (1) Level 2 (2) Level 3 (3) Total (in thousands) October 31, 2023 Debt securities $ 24,944 $ 8,298 $ — $ 33,242 Equity investments included in current assets 4,761 — — 4,761 Equity investments included in noncurrent assets — 1,230 1,249 2,479 Total $ 29,705 $ 9,528 $ 1,249 $ 40,482 Acquisition consideration included in: Other current liabilities $ — $ — $ (1,834 ) $ (1,834 ) Other noncurrent liabilities — — (2,754 ) (2,754 ) Total $ — $ — $ (4,588 ) $ (4,588 ) July 31, 2023 Debt securities $ 31,038 $ 11,376 $ — $ 42,414 Equity investments included in current assets 6,198 — — 6,198 Equity investments included in noncurrent assets — 2,500 1,263 3,763 Total $ 37,236 $ 13,876 $ 1,263 $ 52,375 Acquisition consideration included in: Other current liabilities $ — $ — $ (2,032 ) $ (2,032 ) Other noncurrent liabilities — — (2,773 ) (2,773 ) Total $ — $ — $ (4,805 ) $ (4,805 ) (1) – quoted prices in active markets for identical assets or liabilities (2) – observable inputs other than quoted prices in active markets for identical assets and liabilities (3) – no observable pricing inputs in the market At both October 31, 2023 and July 31, 2023, the Company had $ 3.0 million in investments in hedge funds, which were included in noncurrent “Equity investments” in the accompanying consolidated balance sheets. The Company’s investments in hedge funds were accounted for using the equity method, therefore they were not measured at fair value. The following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) Three Months Ended October 31, 2023 2022 (in thousands) Balance, beginning of period $ 1,263 $ 1,132 Total losses included in “ Other expense, net (14 ) (27 ) Balance, end of period $ 1,249 $ 1,105 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period $ — $ — The following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) Three Months Ended October 31, 2023 2022 (in thousands) Balance, beginning of period $ 4,805 $ 8,546 Payments (214 ) (375 ) Total gain included in: “ Other operating gain, net — (1,565 ) “ Foreign currency translation adjustment (3 ) (3 ) Balance, end of period $ 4,588 $ 6,603 Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period $ — $ — In the three months ended October 31, 2023, the Company paid an aggregate of $ 0.2 0.4 million in contingent consideration related to prior acquisitions. In addition, in September 2022, the Company determined that the requirements for a portion of the contingent consideration payments related to the acquisition of Leaf would not be met. The Company recorded a gain of $ 1.6 million on the write-off of this contingent consideration payment obligation, which was included in “Other operating gain, net” in the accompanying consolidated statements of income. Fair Value of Other Financial Instruments The estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting these data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange. Cash and cash equivalents, restricted cash and cash equivalents, settlement assets, other current assets, customer deposits, settlement liabilities, and other current liabilities. Other assets and other liabilities.

Variable Interest Entity

Variable Interest Entity	3 Months Ended
	Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entity	Note 9— Variable Interest Entity The Company is the primary beneficiary of a variable interest entity (“VIE”) that operates money transfer businesses. The Company determined that, effective May 31, 2021, it had the power to direct the activities of the VIE that most significantly impact its economic performance, and the Company has the obligation to absorb losses of and the right to receive benefits from the VIE that could potentially be significant to it. As a result, the Company consolidates the VIE. The Company does not currently own any interest in the VIE and thus the net income incurred by the VIE was attributed to noncontrolling interests in the accompanying consolidated statements of income. The VIE’s net income and aggregate funding provided by the Company were as follows: Schedule of Net Income and Aggregate Funding to the Company by VIE Three Months Ended 2023 2022 (in thousands) Net income of the VIE $ 81 $ 140 Aggregate funding provided by the Company, net $ 114 $ 97 The VIE’s summarized consolidated balance sheet amounts are as follows: VIE’s Summarized Consolidated Balance Sheet October 31, July 31, (in thousands) Assets: Cash and equivalents $ 1,881 $ 1,596 Restricted cash 6,578 7,848 Trade accounts receivable, net 23 62 Disbursement prefunding 1,037 585 Prepaid expenses 294 197 Other current assets 383 317 Property, plant, and equipment, net 219 272 Other intangibles, net 699 737 Total assets $ 11,114 $ 11,614 Liabilities and noncontrolling interests: Trade accounts payable $ — $ — Accrued expenses 86 70 Settlement liabilities 6,882 7,573 Due to the Company 140 26 Accumulated other comprehensive income 1 21 Noncontrolling interests 4,005 3,924 Total liabilities and noncontrolling interests $ 11,114 $ 11,614 The VIE’s assets may only be used to settle the VIE’s obligations and may not be used for other consolidated entities. The VIE’s liabilities are non-recourse to the general credit of the Company’s other consolidated entities.

Other Operating Gain, Net

Other Operating Gain, Net	3 Months Ended
	Oct. 31, 2023
Other Income and Expenses [Abstract]
Other Operating Gain, Net	Note 10— Other Operating Gain, Net The following table summarizes the other operating gain, net by business segment: Schedule of Other Operating Gain, Net Three Months Ended October 31, 2023 2022 (in thousands) Corporate—Straight Path Communications Inc. class action legal fees $ (212 ) $ (2,512 ) Corporate—Straight Path Communications Inc. class action insurance claims 684 1,725 Corporate—other 12 — Fintech—write-off of contingent consideration liability — 1,565 Fintech—government grants — 33 Traditional Communications—cable telephony customer indemnification claim — (11 ) Total $ 484 $ 800 Straight Path Communications Inc. Class Action As discussed in Note 16, the Company (as well as other defendants) was named in a class action on behalf of the stockholders of the Company’s former subsidiary, Straight Path Communications Inc. (“Straight Path”). The Company incurred legal fees and recorded offsetting gains from insurance claims related to this action in the three months ended October 31, 2023 and 2022. On October 3, 2023, the Court of Chancery of the State of Delaware dismissed all claims against the Company, and found that, contrary to the plaintiffs’ allegations, the class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal. Write-off of Contingent Consideration Liability In September 2022, the Company determined that the requirements for a portion of the contingent consideration payments related to the Leaf acquisition would not be met. The Company recognized a gain on the write-off of this contingent consideration payment obligation. Government Grants In the three months ended October 31, 2022, Leaf received payments from government grants for the development and commercialization of blockchain-backed financial technologies. Indemnification Claim Beginning in June 2019, as part of a commercial resolution, the Company indemnified a cable telephony customer related to patent infringement claims brought against the customer. On May 8, 2023, the Company and the customer agreed to release the Company from the indemnification agreement in exchange for $ 3.9

Revolving Credit Facility

Revolving Credit Facility	3 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 11— Revolving Credit Facility The Company’s subsidiary, IDT Telecom, Inc. (“IDT Telecom”), entered into a credit agreement, dated as of May 17, 2021, with TD Bank, N.A. for a revolving credit facility for up to a maximum principal amount of $ 25.0 no 30.3 nil The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding bears interest per annum at the secured overnight financing rate published by the Federal Reserve Bank of New York plus 10 basis points, plus depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter, 125 to 175 basis points. Interest is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2026 25.0

Equity

Equity	3 Months Ended
	Oct. 31, 2023
Equity:
Equity	Note 12— Equity 2024 Equity Incentive Plan On October 26, 2023, the Company’s Board of Directors adopted the Company’s 2024 Equity Incentive Plan (the “2024 Plan”), which is intended to provide incentives to officers, employees, directors, and consultants of the Company, including stock options, stock appreciation rights, deferred stock units (“DSUs”), and restricted stock. The number of shares of the Company’s Class B common stock available for the grant of awards under the 2024 Plan will be 250,000 2015 Stock Option and Incentive Plan On October 11, 2023, the Company’s Board of Directors amended the Company’s 2015 Plan to increase the number of shares of the Company’s Class B common stock available for the grant of awards thereunder by an additional 250,000 In the three months ended October 31, 2023, the Company received cash from the exercise of stock options of $ 0.2 12,500 Stock Repurchases The Company has an existing stock repurchase program authorized by its Board of Directors for the repurchase of shares of the Company’s Class B common stock. The Board of Directors authorized the repurchase of up to 8.0 125,470 2.8 203,436 5.0 4.6 In the three months ended October 31, 2023 and 2022, the Company paid $ 15,000 0.3 654 13,403

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	3 Months Ended
	Oct. 31, 2023
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 13— Redeemable Noncontrolling Interest On September 29, 2021, NRS sold shares of its Class B common stock representing 2.5 10 The shares of NRS’ Class B common stock sold to Alta Fox have been classified as mezzanine equity in the accompanying consolidated balance sheets because they may be redeemed at the option of Alta Fox, although the shares are not mandatorily redeemable. The carrying amount of the shares includes the noncontrolling interest in the net income of NRS. The net income attributable to the mezzanine equity’s noncontrolling interest during the periods were as follows: Schedule of Net Income Attributable to Mezzanine Equity’s Noncontrolling Interest Three Months Ended October 31, 2023 2022 (in thousands) Net income of NRS attributable to the mezzanine equity’s noncontrolling interest $ 107 $ 133

Earnings Per Share

Earnings Per Share	3 Months Ended
	Oct. 31, 2023
Earnings per share attributable to IDT Corporation common stockholders:
Earnings Per Share	Note 14— Earnings Per Share Basic earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive. The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share Three Months Ended October 31, 2023 2022 (in thousands) Basic weighted-average number of shares 25,178 25,603 Effect of dilutive securities: Stock options 3 12 Non-vested restricted Class B common stock 96 1 Diluted weighted-average number of shares 25,277 25,616 There were no shares excluded from the calculation of diluted earnings per share in the three months ended October 31, 2023 and 2022.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Oct. 31, 2023
Equity:
Accumulated Other Comprehensive Loss	Note 15— Accumulated Other Comprehensive Loss The accumulated balances for each classification of other comprehensive income were as follows: Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss Unrealized Loss on Available-for-Sale Securities Foreign Currency Translation Accumulated Other Comprehensive Loss (in thousands) Balance, July 31, 2023 $ (645 ) $ (16,547 ) $ (17,192 ) Other comprehensive (loss) income attributable to IDT Corporation (66 ) 631 565 Balance, October 31, 2023 $ (711 ) $ (15,916 ) $ (16,627 )

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16— Commitments and Contingencies COVID-19 In May 2023, the World Health Organization declared an end to COVID-19 as a public health emergency. As of the date of this Quarterly Report, the Company continues to monitor the situation. The Company cannot predict with certainty the potential impact of COVID-19 if it re-invigorates on the Company’s results of operations, financial condition, or cash flows. Legal Proceedings On July 5, 2017, plaintiff JDS1, LLC, on behalf of itself and all other similarly situated stockholders of Straight Path, and derivatively on behalf of Straight Path as nominal defendant, filed a putative class action and derivative complaint in the Court of Chancery of the State of Delaware against the Company, The Patrick Henry Trust (a trust formed by Howard S. Jonas that held record and beneficial ownership of certain shares of Straight Path he formerly held), Howard S. Jonas, and each of Straight Path’s directors. The complaint alleged that the Company aided and abetted Straight Path Chairman of the Board and Chief Executive Officer Davidi Jonas, and Howard S. Jonas in his capacity as controlling stockholder of Straight Path, in breaching their fiduciary duties to Straight Path in connection with the settlement of claims between Straight Path and the Company related to potential indemnification claims concerning Straight Path’s obligations under the Consent Decree it entered into with the Federal Communications Commission (“FCC”), as well as the sale of Straight Path’s subsidiary Straight Path IP Group, Inc. to the Company in connection with that settlement. That action was consolidated with a similar action that was initiated by The Arbitrage Fund. The Plaintiffs sought, among other things, (i) a declaration that the action may be maintained as a class action or in the alternative, that demand on the Straight Path Board is excused; (ii) that the term sheet is invalid; (iii) awarding damages for the unfair price stockholders received in the merger between Straight Path and Verizon Communications Inc. for their shares of Straight Path’s Class B common stock; and (iv) ordering Howard S. Jonas, Davidi Jonas, and the Company to disgorge any profits for the benefit of the class Plaintiffs. On August 28, 2017, the Plaintiffs filed an amended complaint. The trial was held in August and December 2022, and closing arguments were presented on May 3, 2023. On October 3, 2023, the Court of Chancery of the State of Delaware dismissed all claims against the Company, and found that, contrary to the plaintiffs’ allegations, the class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal. In addition to the foregoing, the Company is subject to other legal proceedings that have arisen in the ordinary course of business and have not been finally adjudicated. Although there can be no assurance in this regard, the Company believes that none of the other legal proceedings to which the Company is a party will have a material adverse effect on the Company’s results of operations, cash flows or financial condition. Sales Tax Contingency On June 21, 2018, the United States Supreme Court rendered a decision in South Dakota v. Wayfair, Inc., holding that a state may require a remote seller with no physical presence in the state to collect and remit sales tax on goods and services provided to purchasers in the state, overturning certain existing court precedent. It is possible that one or more jurisdictions may assert that the Company has liability for periods for which it has not collected sales, use or other similar taxes, and if such an assertion or assertions were successful it could materially and adversely affect the Company’s business, financial position, and operating results. One or more jurisdictions may change their laws or policies to apply their sales, use or other similar taxes to the Company’s operations, and if such changes were made it could materially and adversely affect the Company’s business, financial position, and operating results. Regulatory Fees Audit The Company’s 2017 FCC Form 499-A, which reports its calendar year 2016 revenue, was audited by the Universal Service Administrative Company (“USAC”). The USAC’s final decision imposed a $ 2.9 23.9 26.8 Purchase Commitments At October 31, 2023, the Company had purchase commitments of $ 18.6 Performance Bonds The Company has performance bonds issued through third parties for the benefit of various states in order to comply with the states’ financial requirements for money remittance licenses and telecommunications resellers. At October 31, 2023, the Company had aggregate performance bonds of $ 29.0

Other Expense, Net

Other Expense, Net	3 Months Ended
	Oct. 31, 2023
Other Income and Expenses [Abstract]
Other Expense, Net	Note 17— Other Expense, Net Other expense, net consists of the following: Schedule of Other (Expense) Income, Net Three Months Ended October 31, 2023 2022 (in thousands) Foreign currency transaction losses $ (3,499 ) $ (1,030 ) Equity in net loss of investee (1,012 ) (652 ) Losses on investments (917 ) (1,941 ) Other (158 ) (219 ) Total $ (5,586 ) $ (3,842 )

Income Taxes

Income Taxes	3 Months Ended
	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 18— Income Taxes The Company’s income tax expense in the three months ended October 31, 2023 was based on an effective tax rate of 31.8 27.0

Recently Issued Accounting Stan

Recently Issued Accounting Standards Not Yet Adopted	3 Months Ended
	Oct. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards Not Yet Adopted	Note 19— Recently Issued Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures, In June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement (Topic 820) Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Reclassifications	Reclassifications As of August 1, 2023, the Company includes depreciation and amortization in “Direct cost of revenues” and “Selling, general and administrative” expense and is reporting gross profit in the consolidated statements of income. Prior to August 1, 2023, depreciation and amortization was a separate caption in the consolidated statements of income. Depreciation and amortization expense of $ 4.8 1.0 3.8 In the consolidated statements of cash flows, cash provided by “Trade accounts receivable” in the three months ended October 31, 2022 of $ 2.7
Recently Adopted Accounting Standard	Recently Adopted Accounting Standard On August 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments,

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
Schedule of Operating Results of Business Segments	Operating results for the business segments of the Company were as follows: Schedule of Operating Results of Business Segments (in thousands) National Retail Solutions Fintech net2phone Traditional Communications Corporate Total Three Months Ended October 31, 2023 Revenues $ 23,995 $ 26,563 $ 19,927 $ 230,720 $ — $ 301,205 Income (loss) from operations 5,460 (1,383 ) (7 ) 15,406 (2,311 ) 17,165 Depreciation and amortization: Included in “Direct cost of revenues” 450 22 600 184 — 1,256 Included in “Selling, general and administrative expense” 285 671 840 1,964 31 3,791 Three Months Ended October 31, 2022 Revenues $ 19,313 $ 19,887 $ 16,950 $ 265,666 $ — $ 321,816 Income (loss) from operations 5,231 1,512 (1,056 ) 17,263 (2,724 ) 20,226 Depreciation and amortization: Included in “Direct cost of revenues” 320 23 498 193 — 1,034 Included in “Selling, general and administrative expense” 158 598 854 2,128 18 3,756 Total depreciation and amortization 158 598 854 2,128 18 3,756

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Oct. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers	The following table shows the Company’s revenues disaggregated by business segment and service offered to customers: Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers 2023 2022 Three Months Ended 2023 2022 (in thousands) National Retail Solutions $ 23,995 $ 19,313 BOSS Money 24,239 17,554 Other 2,324 2,333 Total Fintech 26,563 19,887 net2phone 19,927 16,950 IDT Digital Payments 99,986 109,048 BOSS Revolution Calling 71,222 86,253 IDT Global 52,034 61,611 Other 7,478 8,754 Total Traditional Communications 230,720 265,666 Total $ 301,205 $ 321,816 Revenues $ 301,205 $ 321,816
Schedule of Revenues Disaggregated by Geographic Region	The following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location: Schedule of Revenues Disaggregated by Geographic Region (in thousands) National Retail Solutions Fintech net2phone Traditional Communications Total Three Months Ended October 31, 2023 United States $ 23,995 $ 25,834 $ 10,688 $ 162,998 $ 223,515 Outside the United States: United Kingdom — — — 58,843 58,843 Other — 729 9,239 8,879 18,847 Total outside the United States — 729 9,239 67,722 77,690 Total $ 23,995 $ 26,563 $ 19,927 $ 230,720 $ 301,205 Revenues $ 23,995 $ 26,563 $ 19,927 $ 230,720 $ 301,205 (in thousands) National Retail Solutions Fintech net2phone Traditional Communications Total Three Months Ended October 31, 2022 United States $ 19,313 $ 19,255 $ 8,802 $ 184,838 $ 232,208 Outside the United States: United Kingdom — — — 68,940 68,940 Other — 632 8,148 11,888 20,668 Total outside the United States — 632 8,148 80,828 89,608 Total $ 19,313 $ 19,887 $ 16,950 $ 265,666 $ 321,816 Revenues $ 19,313 $ 19,887 $ 16,950 $ 265,666 $ 321,816
Schedule of Estimated Revenue by Business Segment	Schedule of Estimated Revenue by Business Segment (in thousands) National Retail Solutions net2phone Total Twelve-month period ending October 31: 2024 $ 5,740 $ 38,430 $ 44,170 2025 4,767 19,092 23,859 Thereafter 4,682 6,718 11,400 Total $ 15,189 $ 64,240 $ 79,429
Schedule of Information About Contract Liabilities	The following table presents information about the Company’s contract liability balance: Schedule of Information About Contract Liabilities 2023 2022 Three Months Ended 2023 2022 (in thousands) Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period $ 16,089 $ 17,906
Schedule of Deferred Customer Contract Acquisition Costs	The Company’s deferred customer contract acquisition costs were as follows: Schedule of Deferred Customer Contract Acquisition Costs October 31, July 31, (in thousands) Deferred customer contract acquisition costs included in “Other current assets” $ 4,180 $ 4,460 Deferred customer contract acquisition costs included in “Other assets” 3,744 3,734 Total $ 7,924 $ 8,194
Schedule of Amortization of Deferred Customer Contract Acquisition Costs	The Company’s amortization of deferred customer contract acquisition costs during the periods were as follows: Schedule of Amortization of Deferred Customer Contract Acquisition Costs Three Months Ended 2023 2022 (in thousands) Amortization of deferred customer contract acquisition costs $ 1,215 $ 1,176

Leases (Tables)

Leases (Tables)	3 Months Ended
	Oct. 31, 2023
Leases
Schedule of Supplemental Disclosures Related to the Company's Operating Leases	Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company's Operating Leases Three Months Ended 2023 2022 (in thousands) Operating lease cost $ 758 $ 767 Short-term lease cost 326 269 Total lease cost $ 1,084 $ 1,036 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 791 $ 764 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 791 $ 764
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases	Schedule of Supplemental Disclosures Related Weighted Average Operating Leases October 31, July 31, Weighted-average remaining lease term-operating leases 2.1 2.3 Weighted-average discount rate-operating leases 3.9 % 3.7 %
Schedule of Aggregate Operating Lease Liability	The Company’s aggregate operating lease liability was as follows: Schedule of Aggregate Operating Lease Liability October 31, July 31, (in thousands) Operating lease liabilities included in “ Other current liabilities $ 2,732 $ 2,861 Operating lease liabilities included in noncurrent liabilities 2,346 2,881 Total $ 5,078 $ 5,742
Schedule of Future Minimum Maturities of Operating Lease Liabilities	Future minimum maturities of operating lease liabilities were as follows: Schedule of Future Minimum Maturities of Operating Lease Liabilities (in thousands) Twelve-month period ending October 31: 2024 $ 2,883 2025 1,713 2026 478 2027 220 2028 12 Thereafter — Total lease payments 5,306 Less imputed interest (228 ) Total operating lease liabilities $ 5,078

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Tables)	3 Months Ended
	Oct. 31, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows: Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents October 31, July 31, (in thousands) Cash and cash equivalents $ 121,668 $ 103,637 Restricted cash and cash equivalents 86,785 95,186 Total cash, cash equivalents, and restricted cash and cash equivalents $ 208,453 $ 198,823

Debt Securities (Tables)

Debt Securities (Tables)	3 Months Ended
	Oct. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The following is a summary of available-for-sale debt securities: Schedule of Available-for-sale Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) October 31, 2023: Certificates of deposit* $ 1,920 $ — $ (3 ) $ 1,917 U.S. Treasury bills and notes 25,085 — (141 ) 24,944 Government sponsored enterprise notes 3,047 — (3 ) 3,044 Corporate bonds 3,901 — (564 ) 3,337 Total $ 33,953 $ — $ (711 ) $ 33,242 July 31, 2023: Certificates of deposit* $ 4,080 $ — $ (4 ) $ 4,076 U.S. Treasury bills and notes 31,186 — (148 ) 31,038 Government sponsored enterprise notes 3,881 — (8 ) 3,873 Corporate bonds 3,912 — (485 ) 3,427 Total $ 43,059 $ — $ (645 ) $ 42,414 * Each of the Company’s certificates of deposit has a CUSIP, was purchased in the secondary market through a broker and may be sold in the secondary market.
Schedule of Contractual Maturities of Available-for-sale Debt Securities	The contractual maturities of the Company’s available-for-sale debt securities at October 31, 2023 were as follows: Schedule of Contractual Maturities of Available-for-sale Debt Securities Fair Value (in thousands) Within one year $ 26,185 After one year through five years 5,904 After five years through ten years 1,110 After ten years 43 Total $ 33,242
Schedule of Available-for-sale Securities, Unrealized Loss Position	The following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not recognized: Schedule of Available-for-sale Securities, Unrealized Loss Position Unrealized Losses Fair Value (in thousands) October 31, 2023: Certificates of deposit $ 3 $ 1,917 U.S. Treasury bills and notes 141 24,944 Government sponsored enterprise notes 3 3,044 Corporate bonds 564 3,337 Total $ 711 $ 33,242 July 31, 2023: Certificates of deposit $ 4 $ 3,356 U.S. Treasury bills and notes 148 31,038 Government sponsored enterprise notes 8 3,873 Corporate bonds 485 3,368 Total $ 645 $ 41,635
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer	The following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months or longer: Schedule of Continuous Unrealized Loss Position for 12 Months or Longer Unrealized Losses Fair Value (in thousands) October 31, 2023: U.S. Treasury bills and notes $ 66 $ 639 Corporate bonds 556 3,216 Total $ 622 $ 3,855 July 31, 2023: U.S. Treasury bills and notes $ 86 $ 816 Corporate bonds 484 3,299 Total $ 570 $ 4,115

Equity Investments (Tables)

Equity Investments (Tables)	3 Months Ended
	Oct. 31, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Equity Investments	Equity investments consist of the following: Schedule of Equity Investments October 31, July 31, (in thousands) Zedge, Inc. Class B common stock, 42,282 $ 81 $ 89 Rafael Holdings, Inc. Class B common stock, 278,810 496 558 Other marketable equity securities 281 1,497 Fixed income mutual funds 3,903 4,054 Current equity investments $ 4,761 $ 6,198 Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) $ 1,249 $ 1,263 Convertible preferred stock—equity method investment 2,444 2,784 Hedge funds 3,002 3,002 Other 1,455 2,825 Noncurrent equity investments $ 8,150 $ 9,874
Schedule of Carrying Value of Equity Investments	The changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company elected the measurement alternative was as follows: Schedule of Carrying Value of Equity Investments Three Months Ended 2023 2022 (in thousands) Balance, beginning of period $ 1,632 $ 1,501 Adjustment for observable transactions involving a similar investment from the same issuer (14 ) (27 ) Upward adjustment 129 — Impairments — — Balance, end of the period $ 1,747 $ 1,474
Schedule of Unrealized (losses) Gains for All Equity Investments	Unrealized losses for all equity investments measured at fair value included the following: Schedule of Unrealized (losses) Gains for All Equity Investments Three Months Ended 2023 2022 (in thousands) Net losses recognized during the period on equity investments $ (917 ) $ (1,941 ) Plus: net losses recognized during the period on equity investments sold during the period — 4 Unrealized losses recognized during the period on equity investments still held at the reporting date $ (917 ) $ (1,937 ) The unrealized gains and losses for all equity investments measured at fair value in the table above included the following: Three Months Ended 2023 2022 (in thousands) Unrealized losses recognized during the period on equity investments: Rafael Class B common stock $ (62 ) $ (72 ) Zedge Class B common stock $ (8 ) $ (27 ) Unrealized losses recognized during the period on equity investments still held at the reporting date $ (917 ) $ (1,937 )
Summary of Changes in Equity Method Investments	The following table summarizes the change in the balance of the Company’s equity method investment: Summary of Changes in Equity Method Investments Three Months Ended October 31, 2023 2022 (in thousands) Balance, beginning of period $ 2,784 $ 1,001 Purchase of convertible preferred stock 672 — Equity in the net loss of investee (670 ) (470 ) Amortization of equity method basis difference (342 ) (182 ) Balance, end of period $ 2,444 $ 349
Summary of Statements of Operations	Summarized financial information of the EMI was as follows: Summary of Statements of Operations Three Months Ended October 31, 2023 2022 (in thousands) Revenues $ 2,551 $ 1,873 Costs and expenses: Direct cost of revenues 2,193 1,694 Selling, general and administrative 2,093 1,636 Total costs and expenses 4,286 3,330 Loss from operations (1,735 ) (1,457 ) Other expense, net (104 ) (344 ) Net loss $ (1,839 ) $ (1,801 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis	The following table presents the balance of assets and liabilities measured at fair value on a recurring basis: Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis Level 1 (1) Level 2 (2) Level 3 (3) Total (in thousands) October 31, 2023 Debt securities $ 24,944 $ 8,298 $ — $ 33,242 Equity investments included in current assets 4,761 — — 4,761 Equity investments included in noncurrent assets — 1,230 1,249 2,479 Total $ 29,705 $ 9,528 $ 1,249 $ 40,482 Acquisition consideration included in: Other current liabilities $ — $ — $ (1,834 ) $ (1,834 ) Other noncurrent liabilities — — (2,754 ) (2,754 ) Total $ — $ — $ (4,588 ) $ (4,588 ) July 31, 2023 Debt securities $ 31,038 $ 11,376 $ — $ 42,414 Equity investments included in current assets 6,198 — — 6,198 Equity investments included in noncurrent assets — 2,500 1,263 3,763 Total $ 37,236 $ 13,876 $ 1,263 $ 52,375 Acquisition consideration included in: Other current liabilities $ — $ — $ (2,032 ) $ (2,032 ) Other noncurrent liabilities — — (2,773 ) (2,773 ) Total $ — $ — $ (4,805 ) $ (4,805 ) (1) – quoted prices in active markets for identical assets or liabilities (2) – observable inputs other than quoted prices in active markets for identical assets and liabilities (3) – no observable pricing inputs in the market
Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) Three Months Ended October 31, 2023 2022 (in thousands) Balance, beginning of period $ 1,263 $ 1,132 Total losses included in “ Other expense, net (14 ) (27 ) Balance, end of period $ 1,249 $ 1,105 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period $ — $ —
Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) Three Months Ended October 31, 2023 2022 (in thousands) Balance, beginning of period $ 4,805 $ 8,546 Payments (214 ) (375 ) Total gain included in: “ Other operating gain, net — (1,565 ) “ Foreign currency translation adjustment (3 ) (3 ) Balance, end of period $ 4,588 $ 6,603 Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period $ — $ —

Variable Interest Entity (Table

Variable Interest Entity (Tables)	3 Months Ended
	Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Net Income and Aggregate Funding to the Company by VIE	The VIE’s net income and aggregate funding provided by the Company were as follows: Schedule of Net Income and Aggregate Funding to the Company by VIE Three Months Ended 2023 2022 (in thousands) Net income of the VIE $ 81 $ 140 Aggregate funding provided by the Company, net $ 114 $ 97
VIE’s Summarized Consolidated Balance Sheet	The VIE’s summarized consolidated balance sheet amounts are as follows: VIE’s Summarized Consolidated Balance Sheet October 31, July 31, (in thousands) Assets: Cash and equivalents $ 1,881 $ 1,596 Restricted cash 6,578 7,848 Trade accounts receivable, net 23 62 Disbursement prefunding 1,037 585 Prepaid expenses 294 197 Other current assets 383 317 Property, plant, and equipment, net 219 272 Other intangibles, net 699 737 Total assets $ 11,114 $ 11,614 Liabilities and noncontrolling interests: Trade accounts payable $ — $ — Accrued expenses 86 70 Settlement liabilities 6,882 7,573 Due to the Company 140 26 Accumulated other comprehensive income 1 21 Noncontrolling interests 4,005 3,924 Total liabilities and noncontrolling interests $ 11,114 $ 11,614

Other Operating Gain, Net (Tabl

Other Operating Gain, Net (Tables)	3 Months Ended
	Oct. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other Operating Gain, Net	The following table summarizes the other operating gain, net by business segment: Schedule of Other Operating Gain, Net Three Months Ended October 31, 2023 2022 (in thousands) Corporate—Straight Path Communications Inc. class action legal fees $ (212 ) $ (2,512 ) Corporate—Straight Path Communications Inc. class action insurance claims 684 1,725 Corporate—other 12 — Fintech—write-off of contingent consideration liability — 1,565 Fintech—government grants — 33 Traditional Communications—cable telephony customer indemnification claim — (11 ) Total $ 484 $ 800

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Oct. 31, 2023
Noncontrolling Interest [Abstract]
Schedule of Net Income Attributable to Mezzanine Equity’s Noncontrolling Interest	Schedule of Net Income Attributable to Mezzanine Equity’s Noncontrolling Interest Three Months Ended October 31, 2023 2022 (in thousands) Net income of NRS attributable to the mezzanine equity’s noncontrolling interest $ 107 $ 133

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Oct. 31, 2023
Earnings per share attributable to IDT Corporation common stockholders:
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share	The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share Three Months Ended October 31, 2023 2022 (in thousands) Basic weighted-average number of shares 25,178 25,603 Effect of dilutive securities: Stock options 3 12 Non-vested restricted Class B common stock 96 1 Diluted weighted-average number of shares 25,277 25,616

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Oct. 31, 2023
Equity:
Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss	The accumulated balances for each classification of other comprehensive income were as follows: Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss Unrealized Loss on Available-for-Sale Securities Foreign Currency Translation Accumulated Other Comprehensive Loss (in thousands) Balance, July 31, 2023 $ (645 ) $ (16,547 ) $ (17,192 ) Other comprehensive (loss) income attributable to IDT Corporation (66 ) 631 565 Balance, October 31, 2023 $ (711 ) $ (15,916 ) $ (16,627 )

Other Expense, Net (Tables)

Other Expense, Net (Tables)	3 Months Ended
	Oct. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other (Expense) Income, Net	Other expense, net consists of the following: Schedule of Other (Expense) Income, Net Three Months Ended October 31, 2023 2022 (in thousands) Foreign currency transaction losses $ (3,499 ) $ (1,030 ) Equity in net loss of investee (1,012 ) (652 ) Losses on investments (917 ) (1,941 ) Other (158 ) (219 ) Total $ (5,586 ) $ (3,842 )

Basis of Presentation (Details

Basis of Presentation (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Depreciation and amortization	$ 5,047	$ 4,790
Trade accounts receivable	4,572	(2,442)
Direct Cost of Revenues [Member]
Depreciation and amortization	1,256	1,034
Selling, General and Administrative Expenses [Member]
Depreciation and amortization	$ 3,791	3,756
Previously Reported [Member]
Trade accounts receivable		2,700
Previously Reported [Member] | Direct Cost of Revenues [Member]
Depreciation and amortization		1,000
Previously Reported [Member] | Selling, General and Administrative Expenses [Member]
Depreciation and amortization		$ 3,800
net2phone 2.0, Inc. [Member]
Ownership percentage	90%
Fully diluted basis assuming vesting, percentage	85.80%
National Retail Solutions [Member]
Ownership percentage	80%
Fully diluted basis assuming vesting, percentage	77.70%

Schedule of Operating Results o

Schedule of Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Segment Reporting Information [Line Items]
Revenues	$ 301,205	$ 321,816
Income (loss) from operations	17,165	20,226
Depreciation and amortization:
Total depreciation and amortization	5,047	4,790
Direct Cost of Revenues [Member]
Depreciation and amortization:
Total depreciation and amortization	1,256	1,034
Selling, General and Administrative Expenses [Member]
Depreciation and amortization:
Total depreciation and amortization	3,791	3,756
National Retail Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	23,995	19,313
Income (loss) from operations	5,460	5,231
National Retail Solutions [Member] | Direct Cost of Revenues [Member]
Depreciation and amortization:
Total depreciation and amortization	450	320
National Retail Solutions [Member] | Selling, General and Administrative Expenses [Member]
Depreciation and amortization:
Total depreciation and amortization	285	158
Fintech [Member]
Segment Reporting Information [Line Items]
Revenues	26,563	19,887
Income (loss) from operations	(1,383)	1,512
Fintech [Member] | Direct Cost of Revenues [Member]
Depreciation and amortization:
Total depreciation and amortization	22	23
Fintech [Member] | Selling, General and Administrative Expenses [Member]
Depreciation and amortization:
Total depreciation and amortization	671	598
net2 phone [Member]
Segment Reporting Information [Line Items]
Revenues	19,927	16,950
Income (loss) from operations	(7)	(1,056)
net2 phone [Member] | Direct Cost of Revenues [Member]
Depreciation and amortization:
Total depreciation and amortization	600	498
net2 phone [Member] | Selling, General and Administrative Expenses [Member]
Depreciation and amortization:
Total depreciation and amortization	840	854
Traditional Communications [Member]
Segment Reporting Information [Line Items]
Revenues	230,720	265,666
Income (loss) from operations	15,406	17,263
Traditional Communications [Member] | Direct Cost of Revenues [Member]
Depreciation and amortization:
Total depreciation and amortization	184	193
Traditional Communications [Member] | Selling, General and Administrative Expenses [Member]
Depreciation and amortization:
Total depreciation and amortization	1,964	2,128
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Income (loss) from operations	(2,311)	(2,724)
Corporate Segment [Member] | Direct Cost of Revenues [Member]
Depreciation and amortization:
Total depreciation and amortization
Corporate Segment [Member] | Selling, General and Administrative Expenses [Member]
Depreciation and amortization:
Total depreciation and amortization	$ 31	$ 18

Business Segment Information (D

Business Segment Information (Details Narrative)	3 Months Ended
	Oct. 31, 2023 Segments
Segment Reporting [Abstract]
Number of reportable segments	4

Schedule of Revenues Disaggrega

Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 301,205	$ 321,816
National Retail Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	23,995	19,313
Fintech [Member]
Disaggregation of Revenue [Line Items]
Revenues	26,563	19,887
Fintech [Member] | BOSS Revolution Money Transfer [Member]
Disaggregation of Revenue [Line Items]
Revenues	24,239	17,554
Fintech [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,324	2,333
net2 phone [Member]
Disaggregation of Revenue [Line Items]
Revenues	19,927	16,950
Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	230,720	265,666
Traditional Communications [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	7,478	8,754
Traditional Communications [Member] | IDT Digital Payments [Member]
Disaggregation of Revenue [Line Items]
Revenues	99,986	109,048
Traditional Communications [Member] | BOSS Revolution Calling [Member]
Disaggregation of Revenue [Line Items]
Revenues	71,222	86,253
Traditional Communications [Member] | IDT Global [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 52,034	$ 61,611

Schedule of Revenues Disaggre_2

Schedule of Revenues Disaggregated by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 301,205	$ 321,816
National Retail Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	23,995	19,313
Fintech [Member]
Disaggregation of Revenue [Line Items]
Revenues	26,563	19,887
net2 phone [Member]
Disaggregation of Revenue [Line Items]
Revenues	19,927	16,950
Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	230,720	265,666
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	223,515	232,208
UNITED STATES | National Retail Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	23,995	19,313
UNITED STATES | Fintech [Member]
Disaggregation of Revenue [Line Items]
Revenues	25,834	19,255
UNITED STATES | net2 phone [Member]
Disaggregation of Revenue [Line Items]
Revenues	10,688	8,802
UNITED STATES | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	162,998	184,838
UNITED KINGDOM
Disaggregation of Revenue [Line Items]
Revenues	58,843	68,940
UNITED KINGDOM | National Retail Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues
UNITED KINGDOM | Fintech [Member]
Disaggregation of Revenue [Line Items]
Revenues
UNITED KINGDOM | net2 phone [Member]
Disaggregation of Revenue [Line Items]
Revenues
UNITED KINGDOM | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	58,843	68,940
Others [Member]
Disaggregation of Revenue [Line Items]
Revenues	18,847	20,668
Others [Member] | National Retail Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues
Others [Member] | Fintech [Member]
Disaggregation of Revenue [Line Items]
Revenues	729	632
Others [Member] | net2 phone [Member]
Disaggregation of Revenue [Line Items]
Revenues	9,239	8,148
Others [Member] | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	8,879	11,888
Non-US [Member]
Disaggregation of Revenue [Line Items]
Revenues	77,690	89,608
Non-US [Member] | National Retail Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues
Non-US [Member] | Fintech [Member]
Disaggregation of Revenue [Line Items]
Revenues	729	632
Non-US [Member] | net2 phone [Member]
Disaggregation of Revenue [Line Items]
Revenues	9,239	8,148
Non-US [Member] | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 67,722	$ 80,828

Schedule of Estimated Revenue b

Schedule of Estimated Revenue by Business Segment (Details) $ in Thousands	Oct. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 79,429
Remaining Performance Obligations, Years	0 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 44,170
Remaining Performance Obligations, Years	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 23,859
Remaining Performance Obligations, Years	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 11,400
Remaining Performance Obligations, Years	0 years
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 15,189
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	5,740
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	4,767
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	4,682
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	64,240
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	38,430
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	19,092
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 6,718

Schedule of Information About C

Schedule of Information About Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period	$ 16,089	$ 17,906

Schedule of Deferred Customer C

Schedule of Deferred Customer Contract Acquisition Costs (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred customer contract acquisition costs included in “Other current assets”	$ 4,180	$ 4,460
Deferred customer contract acquisition costs included in “Other assets”	3,744	3,734
Total	$ 7,924	$ 8,194

Schedule of Amortization of Def

Schedule of Amortization of Deferred Customer Contract Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Revenue from Contract with Customer [Abstract]
Amortization of deferred customer contract acquisition costs	$ 1,215	$ 1,176

Schedule of Supplemental Disclo

Schedule of Supplemental Disclosures Related to the Company's Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Leases
Operating lease cost	$ 758	$ 767
Short-term lease cost	326	269
Total lease cost	1,084	1,036
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 791	$ 764

Schedule of Supplemental Disc_2

Schedule of Supplemental Disclosures Related Weighted Average Operating Leases (Details)	Oct. 31, 2023	Jul. 31, 2023
Leases
Operating lease, weighted average remaining lease term	2 years 1 month 6 days	2 years 3 months 18 days
Operating lease, weighted average discount rate, percent	3.90%	3.70%

Schedule of Aggregate Operating

Schedule of Aggregate Operating Lease Liability (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Leases
Operating lease liabilities included in “Other current liabilities”	$ 2,732	$ 2,861
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating lease liabilities included in noncurrent liabilities	$ 2,346	$ 2,881
Total	$ 5,078	$ 5,742

Schedule of Future Minimum Matu

Schedule of Future Minimum Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Leases
2024	$ 2,883
2025	1,713
2026	478
2027	220
2028	12
Thereafter
Total lease payments	5,306
Less imputed interest	(228)
Total operating lease liabilities	$ 5,078	$ 5,742

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Right of use assets obtained in exchange for new operating lease liabilities	$ 0.1	$ 0.4
Minimum [Member]
Lessee, operating lease, term of contract	1 year
Maximum [Member]
Lessee, operating lease, term of contract	5 years

Schedule of Cash, Cash Equivale

Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 121,668	$ 103,637
Restricted cash and cash equivalents	86,785	95,186
Total cash, cash equivalents, and restricted cash and cash equivalents	$ 208,453	$ 198,823	$ 198,775	$ 189,562

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Details Narrative) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Restricted cash and cash equivalents, current	$ 86,785	$ 95,186
Cash and cash equivalents, at carrying value	121,668	103,637
IDT Financial Services Limited [Member]
Restricted cash and cash equivalents, current	80,100	87,300
IDT Payment Services [Member]
Cash and cash equivalents, at carrying value	$ 35,100	$ 20,600

Schedule of Available-for-sale

Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands		Oct. 31, 2023	Jul. 31, 2023
Debt Securities, Available-for-Sale, Amortized Cost		$ 33,953	$ 43,059
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax		(711)	(645)
Debt Securities, Available-for-Sale		33,242	42,414
Certificates of Deposit [Member]
Debt Securities, Available-for-Sale, Amortized Cost	[1]	1,920	4,080
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	[1]
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(3)	(4)
Debt Securities, Available-for-Sale	[1]	1,917	4,076
US Treasury Bill Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost		25,085	31,186
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax		(141)	(148)
Debt Securities, Available-for-Sale		24,944	31,038
US Government-sponsored Enterprises Debt Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost		3,047	3,881
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax		(3)	(8)
Debt Securities, Available-for-Sale		3,044	3,873
Corporate Bond Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost		3,901	3,912
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax		(564)	(485)
Debt Securities, Available-for-Sale		$ 3,337	$ 3,427
[1]Each of the Company’s certificates of deposit has a CUSIP, was purchased in the secondary market through a broker and may be sold in the secondary market.

Schedule of Contractual Maturit

Schedule of Contractual Maturities of Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Within one year	$ 26,185
After one year through five years	5,904
After five years through ten years	1,110
After ten years	43
Total	$ 33,242	$ 42,414

Schedule of Available-for-sal_2

Schedule of Available-for-sale Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	$ 711	$ 645
Debt Securities, Available-for-Sale, Unrealized Loss Position	33,242	41,635
Certificates of Deposit [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	3	4
Debt Securities, Available-for-Sale, Unrealized Loss Position	1,917	3,356
US Treasury Bill Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	141	148
Debt Securities, Available-for-Sale, Unrealized Loss Position	24,944	31,038
US Government-sponsored Enterprises Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	3	8
Debt Securities, Available-for-Sale, Unrealized Loss Position	3,044	3,873
Corporate Bond Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	564	485
Debt Securities, Available-for-Sale, Unrealized Loss Position	$ 3,337	$ 3,368

Schedule of Continuous Unrealiz

Schedule of Continuous Unrealized Loss Position for 12 Months or Longer (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 622	$ 570
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	3,855	4,115
US Treasury Bill Securities [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	66	86
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	639	816
Corporate Bond Securities [Member]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	556	484
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	$ 3,216	$ 3,299

Debt Securities (Details Narrat

Debt Securities (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale and maturity of debt securities, available-for-sale	$ 17.1	$ 11.5

Schedule of Equity Investments

Schedule of Equity Investments (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Current equity investments	$ 4,761	$ 6,198
Noncurrent equity investments	8,150	9,874
Other Marketable Equity Securities [Member]
Current equity investments	281	1,497
Mutual Fund [Member]
Current equity investments	3,903	4,054
Convertible Preferred Stock [Member]
Noncurrent equity investments	2,444	2,784
Hedge Funds [Member]
Noncurrent equity investments	3,002	3,002
Other Investments [Member]
Noncurrent equity investments	1,455	2,825
Common Class B [Member] | Zedge Inc [Member]
Current equity investments	81	89
Common Class B [Member] | Rafael Holdings Inc [Member]
Current equity investments	496	558
Series C Convertible Preferred Stock [Member] | Visa Inc [Member]
Noncurrent equity investments	$ 1,249	$ 1,263

Schedule of Equity Investment_2

Schedule of Equity Investments (Details) (Parenthetical) - Common Class B [Member] - shares	3 Months Ended	12 Months Ended
	Oct. 31, 2023	Jul. 31, 2023
Zedge Inc [Member]
Number of related party shares received	42,282	42,282
Rafael Holdings Inc [Member]
Number of related party shares received	278,810	278,810

Schedule of Carrying Value of E

Schedule of Carrying Value of Equity Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash and Cash Equivalents [Abstract]
Balance, beginning of period	$ 1,632	$ 1,501
Adjustment for observable transactions involving a similar investment from the same issuer	(14)	(27)
Upward adjustment	129
Impairments
Balance, end of the period	$ 1,747	$ 1,474

Schedule of Unrealized (losses)

Schedule of Unrealized (losses) Gains for All Equity Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Net losses recognized during the period on equity investments	$ (917)	$ (1,941)
Plus: net losses recognized during the period on equity investments sold during the period		4
Unrealized losses recognized during the period on equity investments still held at the reporting date	(917)	(1,937)
Rafael Class B Common Stock [Member]
Unrealized losses recognized during the period on equity investments still held at the reporting date	(62)	(72)
Zedge Class B Common Stock [Member]
Unrealized losses recognized during the period on equity investments still held at the reporting date	$ (8)	$ (27)

Summary of Changes in Equity Me

Summary of Changes in Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Purchase of convertible preferred stock	$ 672
Equity in the net loss of investee	(1,012)	(652)
Equity Method Investee [Member]
Defined Benefit Plan Disclosure [Line Items]
Balance, beginning of period	2,784	1,001
Purchase of convertible preferred stock	672
Equity in the net loss of investee	(670)	(470)
Amortization of equity method basis difference	(342)	(182)
Balance, end of period	$ 2,444	$ 349

Summary of Statements of Operat

Summary of Statements of Operations (Details) - USD ($) $ in Thousands		3 Months Ended
		Oct. 31, 2023	Oct. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Revenues		$ 301,205	$ 321,816
Selling, general and administrative	[1]	77,222	69,620
Total costs and expenses		77,263	68,920
Loss from operations		17,165	20,226
Other expense, net		(5,586)	(3,842)
Net loss		8,476	12,555
Equity Method Investee [Member]
Defined Benefit Plan Disclosure [Line Items]
Revenues		2,551	1,873
Direct cost of revenues		2,193	1,694
Selling, general and administrative		2,093	1,636
Total costs and expenses		4,286	3,330
Loss from operations		(1,735)	(1,457)
Other expense, net		(104)	(344)
Net loss		$ (1,839)	$ (1,801)
[1]Stock-based compensation included in selling, general and administrative expense

Equity Investments (Details Nar

Equity Investments (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2023	Jul. 31, 2023
Equity method investment, aggregate cost	$ 8.2
Equity method investment, description	These basis differences are being amortized over the 6-year estimated life of the customer list.
Equity Method Investee [Member]
Equity Method Investment, Ownership Percentage	33.30%	33.30%

Schedule of Balance of Assets M

Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Oct. 31, 2023	Jul. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities		$ 33,242	$ 42,414
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities		33,242	42,414
Equity investments included in current assets		4,761	6,198
Equity investments included in noncurrent assets		2,479	3,763
Total		40,482	52,375
Acquisition consideration included in other current liabilities		(1,834)	(2,032)
Acquisition consideration included in other noncurrent liabilities		(2,754)	(2,773)
Acquisition consideration included in other liabilities		(4,588)	(4,805)
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	[1]	24,944	31,038
Equity investments included in current assets	[1]	4,761	6,198
Equity investments included in noncurrent assets	[1]
Total	[1]	29,705	37,236
Acquisition consideration included in other current liabilities	[1]
Acquisition consideration included in other noncurrent liabilities	[1]
Acquisition consideration included in other liabilities	[1]
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	[2]	8,298	11,376
Equity investments included in current assets	[2]
Equity investments included in noncurrent assets	[2]	1,230	2,500
Total	[2]	9,528	13,876
Acquisition consideration included in other current liabilities	[2]
Acquisition consideration included in other noncurrent liabilities	[2]
Acquisition consideration included in other liabilities	[2]
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	[3]
Equity investments included in current assets	[3]
Equity investments included in noncurrent assets	[3]	1,249	1,263
Total	[3]	1,249	1,263
Acquisition consideration included in other current liabilities	[3]	(1,834)	(2,032)
Acquisition consideration included in other noncurrent liabilities	[3]	(2,754)	(2,773)
Acquisition consideration included in other liabilities	[3]	$ (4,588)	$ (4,805)
[1]– quoted prices in active markets for identical assets or liabilities[2]– observable inputs other than quoted prices in active markets for identical assets and liabilities[3]– no observable pricing inputs in the market

Schedule of Assets Measured at

Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Fair Value Disclosures [Abstract]
Balance, beginning of period	$ 1,263	$ 1,132
Total losses included in “Other expense, net”	$ (14)	(27)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other expense, net
Balance, end of period	$ 1,249	1,105
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period

Schedule of Liabilities Measure

Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Fair Value Disclosures [Abstract]
Balance, beginning of period	$ 4,805	$ 8,546
Payments	(214)	(375)
“Other operating gain, net”		$ (1,565)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net	Other Operating Income (Expense), Net
“Foreign currency translation adjustment”	$ (3)	$ (3)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Foreign currency translation adjustments	Foreign currency translation adjustments
Balance, end of period	$ 4,588	$ 6,603
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Investment in hedge funds	$ 3		$ 3
Payment for contingent consideration	$ 0.2	$ 0.4
Other Operating Income (Expense) [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ 1.6

Schedule of Net Income and Aggr

Schedule of Net Income and Aggregate Funding to the Company by VIE (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income of the VIE	$ 81	$ 140
Aggregate funding provided by the Company, net	$ 114	$ 97

VIE_s Summarized Consolidated B

VIE’s Summarized Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Jul. 31, 2023
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash and equivalents	$ 121,668	$ 103,637
Trade accounts receivable, net	35,328	32,092
Disbursement prefunding	35,733	30,113
Prepaid expenses	19,502	16,638
Other current assets	27,034	28,394
Property, plant, and equipment, net	38,802	38,655
Other intangibles, net	7,215	8,196
Total assets	499,046	510,810
Trade accounts payable	24,469	22,231
Accrued expenses	100,107	110,796
Settlement liabilities	19,268	21,495
Due to the Company	3,220	3,354
Accumulated other comprehensive income	(16,627)	(17,192)
Noncontrolling interests	6,922	6,267
Total liabilities and noncontrolling interests	499,046	510,810
Variable Interest Entity, Primary Beneficiary [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash and equivalents	1,881	1,596
Restricted cash	6,578	7,848
Trade accounts receivable, net	23	62
Disbursement prefunding	1,037	585
Prepaid expenses	294	197
Other current assets	383	317
Property, plant, and equipment, net	219	272
Other intangibles, net	699	737
Total assets	11,114	11,614
Trade accounts payable
Accrued expenses	86	70
Settlement liabilities	6,882	7,573
Accumulated other comprehensive income	1	21
Noncontrolling interests	4,005	3,924
Total liabilities and noncontrolling interests	11,114	11,614
Variable Interest Entity, Primary Beneficiary [Member] | Related Party [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Due to the Company	$ 140	$ 26

Schedule of Other Operating Gai

Schedule of Other Operating Gain, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Restructuring Cost and Reserve [Line Items]
Corporate—Straight Path Communications Inc. class action legal fees	$ (212)	$ (2,512)
Corporate—Straight Path Communications Inc. class action insurance claims	684	1,725
Corporate—other	12
Fintech—government grants		33
Traditional Communications—cable telephony customer indemnification claim		(11)
Total	484	800
Fintech [Member]
Restructuring Cost and Reserve [Line Items]
Fintech—write-off of contingent consideration liability		$ 1,565

Other Operating Gain, Net (Deta

Other Operating Gain, Net (Details Narrative) - USD ($) $ in Thousands		3 Months Ended
	May 08, 2023	Oct. 31, 2023	Oct. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Traditional communications cable telephony customer indemnification claim			$ (11)
Indemnification Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Traditional communications cable telephony customer indemnification claim	$ 3,900

Revolving Credit Facility (Deta

Revolving Credit Facility (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023	May 17, 2021
Line of Credit Facility [Line Items]
Borrowing lines of credit	$ 30,315
Repayments of lines of credit	30,315
IDT Telecom [Member]
Line of Credit Facility [Line Items]
Borrowing lines of credit	30,300
Repayments of lines of credit	30,300
Revolving Credit Facility [Member] | TD Bank [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 25,000
Revolving credit amount outstanding	$ 0		$ 0
Credit facility, description	The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding bears interest per annum at the secured overnight financing rate published by the Federal Reserve Bank of New York plus 10 basis points, plus depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter, 125 to 175 basis points. Interest is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2026. IDT Telecom pays a quarterly unused commitment fee on the average daily balance of the unused portion of the $25.0 million commitment of 30 to 85 basis points, depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter.
Debt instrument maturity date	May 16, 2026
Revolving credit, unused portion amount				$ 25,000

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)		3 Months Ended
	Oct. 11, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 26, 2023
Class of Stock [Line Items]
Proceeds from exercise of stock options		$ 172,000
Stock repurchase program, remaining number of shares authorized to be repurchased		4,600,000
Common Class B [Member] | 2024 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Number of shares, grant				250,000
Common Class B [Member] | 2015 Stock Option and Incentive Plan [Member]
Class of Stock [Line Items]
Additional number of shares authorized	250,000
Proceeds from exercise of stock options		$ 200,000
Exercise of stock options, shares		12,500
Class B Common Stock [Member]
Class of Stock [Line Items]
Aggregate repurchased shares		8,000,000
Class B common stock shares repurchased		125,470	203,436
Aggregate purchase price of shares repurchased		$ 2,800,000	$ 5,000,000
Class B Common Stock [Member] | Employees [Member]
Class of Stock [Line Items]
Class B common stock shares repurchased		654	13,403
Aggregate purchase price of shares repurchased		$ 15,000	$ 300,000

Schedule of Net Income Attribut

Schedule of Net Income Attributable to Mezzanine Equity’s Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Common Class B [Member] | National Retail Solutions [Member]
Noncontrolling Interest [Line Items]
Net income of NRS attributable to the mezzanine equity’s noncontrolling interest	$ 107	$ 133

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest (Details Narrative) - Common Class B [Member] - National Retail Solutions [Member] $ in Millions	Sep. 29, 2021 USD ($)
Noncontrolling Interest [Line Items]
Capital stock outstanding percentage	2.50%
Sale of stock, consideration received on transaction	$ 10

Schedule of Weighted-average Nu

Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Earnings per share attributable to IDT Corporation common stockholders:
Basic weighted-average number of shares	25,178	25,603
Stock options	3	12
Non-vested restricted Class B common stock	96	1
Diluted weighted-average number of shares	25,277	25,616

Schedule of Accumulated Balance

Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (17,192)
Other Comprehensive Income (Loss), Net of Tax	565	$ (367)
Ending balance	(16,627)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(645)
Other Comprehensive Income (Loss), Net of Tax	(66)
Ending balance	(711)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(16,547)
Other Comprehensive Income (Loss), Net of Tax	631
Ending balance	$ (15,916)

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($) $ in Millions	Oct. 31, 2023	Jul. 31, 2023
Product Liability Contingency [Line Items]
Accrued liabilities	$ 23.9	$ 26.8
Purchase obligation	18.6
Performance bonds outstanding	$ 29
Federal Telecommunications Relay Services Fund [Member]
Product Liability Contingency [Line Items]
Final decision imposed		$ 2.9

Schedule of Other (Expense) Inc

Schedule of Other (Expense) Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Other Income and Expenses [Abstract]
Foreign currency transaction losses	$ (3,499)	$ (1,030)
Equity in net loss of investee	(1,012)	(652)
Losses on investments	(917)	(1,941)
Other	(158)	(219)
Total	$ (5,586)	$ (3,842)

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended	12 Months Ended
	Oct. 31, 2023	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent	31.80%	27%