万威 2024年度报告

FORM10-K ☒Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 for the fiscal year endedJuly 31,2025. or ☐Transition report pursuant to section 13 or 15(d) of the securities exchange act of 1934.Commission File Number:1-16371 IDT Corporation(Exact name of registrant as specified in its charter) 22-3415036 (973)438-1000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredNew York Stock Exchange Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and postedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐Emerging growth company☐ Accelerated filer☐Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant, based on the adjusted closing price onJanuary 31, 2025 (the last business day of the registrant’s most recently completed second fiscal quarter) of the Class B common stock of$47.18 per share, as reported on the New York Stock Exchange, was approximately $884.8million. As of September 24, 2025, the registrant had outstanding23,656,689shares of Class B common stock and1,574,326shares of Class A commonstock. Excluded from these numbers are 4,872,006 shares of Class B common stock and 1,698,000 shares of Class A common stock held intreasury by IDT Corporation. DOCUMENTS INCORPORATED BY REFERENCE The definitive proxy statement relating to the registrant’s Annual Meeting of Stockholders, to be held December 11, 2025, is incorporated byreference into Part III of this Form 10-K to the extent described therein. Index IDT Corporation Annual Report on Form 10-K Item 1.Business.1Item 1A.Risk Factors.18Item 1B.Unresolved Staff Comments.41Item 1C.Cybersecurity.41Item 2.Properties.42Item 3.Legal Proceedings.42Item 4.Mine Safety Disclosures.42 Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.43Item 6.[Reserved]45Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.45Item 7A.Quantitative and Qualitative Disclosures about Market Risks.57Item 8.Financial Statements and Supplementary Data.57Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.57Item 9A.Controls and Procedures.58Item 9B.Other Information.60Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections60 Part III60 Item 10.Directors, Ex