IDT Corporation
IDTHIGH VELOCITYFILING INTENSITYIDT Corporation reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market Connectivity.
Lens
Disclosed M&A capital (2023–2025)
$16M
vs $12M in 2020–2022
Disclosed transactions
2
1/3 active fiscal years in window
Buyer archetype
Consistent Strategic Buyer
Meaningful spend appears across repeat years.
Composite score
62
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $172M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- 322 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 41 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 41 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 41 activism filings
- Latest activism 1.7y ago
Distress Watch
Issuers showing financial-distress filing patterns
- 41 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
- 1 non-reliance 8-K
- 3 auditor changes
- 3 NT late filings
- Latest event 3.5y ago; discounted
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 322 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $1B
- 10-Q 90d ago
- 3 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $16M · Peak count: 2
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | 2 | $16M | $8M | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | 2 | $8M | $4M | N/A |
| 2021 | 1 | $4M | $4M | N/A |
| 2020 | 1 | $500K | $500K | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Bolt On20%
- Geographic Expansion20%
- Technology Acquisition20%
- Platform20%
- Vertical Integration20%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- bolt_on
- geographic_expansion
- technology_acquisition
- horizontal_consolidation
- platform
- vertical_integration
- talent_acquisition
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“The wholesale carrier business has numerous entities competing for the same customers, primarily on the basis of price, products and quality of service. We believe that the industry consolidation will affect our wholesale carrier business by, among other things, reducing the number of customers to whom we can sell.”
“In fiscal 2017 and fiscal 2016, we used cash of $1.4 million and $0.1 million, respectively, for investments in Lipomedix Pharmaceuticals Ltd., a development-stage, privately held Israeli company focused on the development of an innovative, safe and effective cancer therapy based on liposome delivery.”
“Due to our recently completed acquisition of Net2Phone, and its ongoing network integration into IDT Telecom, we expect to be better able to serve the needs of wholesale carrier customers who seek IP products and services.”
“We expect to continue along this path in fiscal 2007, while exploring new opportunities, both through internal development and through acquisition.”
“net2phone segment and Integra are highly synergistic and CCaaS is expected to be a source of growth and expansion”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Connectivity
- Market spend (2023–2025)
- $58.6B
- Market spend (2020–2022)
- $121.1B
- Recent vs prior
- −52%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
IDT trades at a -0.3-turn discount to the Connectivity peer median of 7.9×.
- EV / Revenue
- 0.8×
- Net debt / EBITDA
- -1.5×
- Peer median EV / EBITDA
- 7.9×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 23.8× | 6.8× | 0.9× | $59.1B | $26.6B | |
| 20.2× | 6.1× | -0.1× | $11.9B | $4.9B | |
| 7.9× | 2.8× | 0.4× | $139.1B | $60M | |
IDT CorporationIDT | 7.6× | 0.8× | -1.5× | $1.3B | $16M |
| 6.1× | 2.6× | -0.1× | $126.5B | $3.7B | |
| 6.1× | 2.5× | N/A | $59.8B | $5.1B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Connectivity. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)402025-09-29
- 10-Q (quarterly)1062026-03-12
- 8-K (event)3222026-03-10
- Proxy / DEF 14A352025-10-30
- Activism (13D / DFAN / PREC)412024-09-30
Signals on file
- critical
Non-reliance disclosure
2005-09-271 Item 4.02 filing on file; financial-statement non-reliance.
- elevated
Auditor change
2020-01-303 Item 4.01 filings on file; certifying accountant change.
- watch
Late-filing notice
2022-12-133 NT 10-K/10-Q filings on file.
- elevated
Activism on file
2024-09-3041 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Restatement risk
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.