| Segment Reporting [Text Block] |
Note 20 — Business Segment and Geographic Information
The Company has two reportable business segments: GRE and GREW. GRE owns and operates REPs, including IDT Energy, Residents Energy, TSE, Southern Federal and Mirabito. Its REP businesses resell electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas. GREW develops, constructs and operates utility-scale solar energy projects, distributes solar panels, offers energy procurement and advisory services, markets alternative products and services complementary to its energy offerings and also produces high-grade pallets from recycled materials. Corporate costs include unallocated compensation, consulting fees, legal fees, business development expenses and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any cost of revenues.
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 chief executive officer.
The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments.
Operating results for the business segments of the Company were as follows:
| | | GRE | | | GREW | | | Corporate | | | Total | |
| | | (in thousands) | |
| Year ended December 31, 2025 | | | | | | | | | | | | | | | | |
| Revenues | | $ | 478,452 | | | $ | 23,519 | | | $ | — | | | $ | 501,971 | |
| Cost of revenues | | | 359,912 | | | | 17,374 | | | | — | | | | 377,286 | |
| Gross profit | | | 118,540 | | | | 6,145 | | | | — | | | | 124,685 | |
| Marketing and customer acquisition expenses | | | 34,222 | | | | 1,611 | | | | — | | | | 35,833 | |
| Employee-related expenses | | | 17,797 | | | | 5,700 | | | | 3,804 | | | | 27,301 | |
| Provision for credit losses | | | 1,857 | | | | 154 | | | | — | | | | 2,011 | |
| Stock-based compensation | | | 1,043 | | | | 88 | | | | 1,404 | | | | 2,535 | |
| Depreciation and amortization | | | 299 | | | | 706 | | | | — | | | | 1,005 | |
| Impairment of assets | | | — | | | | 1,642 | | | | — | | | | 1,642 | |
| Other selling, general and administrative expenses | | | 19,100 | | | | 3,319 | | | | 4,222 | | | | 26,641 | |
| Income (loss) from operations | | $ | 44,222 | | | $ | (7,075 | ) | | $ | (9,430 | ) | | $ | 27,717 | |
| Provision for (benefit from) income taxes | | $ | 14,562 | | | $ | (6,857 | ) | | $ | 557 | | | $ | 8,262 | |
| Year ended December 31, 2024 | | | | | | | | | | | | | | | | |
| Revenues | | $ | 403,340 | | | $ | 21,862 | | | $ | — | | | $ | 425,202 | |
| Cost of revenues | | | 271,191 | | | | 15,528 | | | | — | | | | 286,719 | |
| Gross profit | | | 132,149 | | | | 6,334 | | | | — | | | | 138,483 | |
| Marketing and customer acquisition expenses | | | 36,437 | | | | 592 | | | | — | | | | 37,029 | |
| Employee-related expenses | | | 17,778 | | | | 4,579 | | | | 4,075 | | | | 26,432 | |
| Provision for credit losses | | | 2,359 | | | | — | | | | — | | | | 2,359 | |
| Stock-based compensation | | | 1,054 | | | | 58 | | | | 1,234 | | | | 2,346 | |
| Depreciation and amortization | | | 300 | | | | 584 | | | | — | | | | 884 | |
| Impairment of assets | | | — | | | | 185 | | | | — | | | | 185 | |
| Other selling, general and administrative expenses | | | 17,676 | | | | 3,311 | | | | 3,359 | | | | 24,346 | |
| Income (loss) from operations (as restated) | | $ | 56,545 | | | $ | (2,975 | ) | | $ | (8,668 | ) | | $ | 44,902 | |
| Provision for (benefit from) income taxes (as restated) | | $ | 18,226 | | | $ | (1,919 | ) | | $ | (949 | ) | | $ | 15,358 | |
| Year ended December 31, 2023 | | | | | | | | | | | | | | | | |
| Revenues | | $ | 409,879 | | | $ | 18,829 | | | $ | — | | | $ | 428,708 | |
| Cost of revenues | | | 266,519 | | | | 15,983 | | | | — | | | | 282,502 | |
| Gross profit | | | 143,360 | | | | 2,846 | | | | — | | | | 146,206 | |
| Marketing and customer acquisition expenses | | | 35,143 | | | | 656 | | | | — | | | | 35,799 | |
| Employee-related expenses | | | 17,325 | | | | 4,547 | | | | 4,729 | | | | 26,601 | |
| Provision for credit losses | | | 2,129 | | | | 233 | | | | — | | | | 2,362 | |
| Stock-based compensation | | | 1,024 | | | | 28 | | | | 1,731 | | | | 2,783 | |
| Depreciation and amortization | | | 350 | | | | 113 | | | | — | | | | 463 | |
| Other selling, general and administrative expenses | | | 15,478 | | | | 3,058 | | | | 4,565 | | | | 23,101 | |
| Income (loss) from operations (as restated) | | $ | 71,911 | | | $ | (5,789 | ) | | $ | (11,025 | ) | | $ | 55,097 | |
| Provision for (benefit from) income taxes (as restated) | | $ | 21,119 | | | $ | (1,024 | ) | | $ | (3,473 | ) | | $ | 16,622 | |
Total assets for the business segments of the Company were as follows:
| | | December 31, | |
| | | 2025 | | | 2024 | |
| | | (in thousands) | |
| | | | | | | | (As Restated) | |
| GRE | | $ | 191,728 | | | $ | 204,470 | |
| GREW | | | 44,254 | | | | 38,302 | |
| Corporate | | | 151,979 | | | | 119,011 | |
| Total assets of continuing operations | | | 387,961 | | | | 361,783 | |
| Assets of discontinued operations | | | 1,419 | | | | 8,060 | |
| Total assets | | $ | 389,380 | | | $ | 369,843 | |
Geographic Information
Revenues from customers located outside of the United States, which are located primarily in Israel were as follows:
| | | | | | | Other Foreign | | | | | |
| | | United States | | | Countries | | | Total | |
| | | (in thousands) | |
| Year ended December 31, 2025 | | $ | 501,824 | | | $ | 147 | | | $ | 501,971 | |
| Year ended December 31, 2024 | | | 424,481 | | | | 721 | | | | 425,202 | |
| Year ended December 31, 2023 | | | 425,596 | | | | 3,112 | | | | 428,708 | |
Net long-lived assets and total assets of continuing operations, net held outside of the United States, which are located primarily in Israel, were as follows:
| | | | | | | Other Foreign | | | | | |
| | | United States | | | Countries | | | Total | |
| | | (in thousands) | |
| December 31, 2025 | | | | | | | | | | | | |
| Long-lived assets of continuing operations, net | | $ | 42,503 | | | $ | 3,765 | | | $ | 46,268 | |
| Total assets of continuing operations | | | 383,774 | | | | 4,187 | | | | 387,961 | |
| December 31, 2024 | | | | | | | | | | | | |
| Long-lived assets of continuing operations, net | | $ | 44,304 | | | $ | 3,500 | | | $ | 47,804 | |
| Total assets of continuing operations (as restated) | | | 357,665 | | | | 4,118 | | | | 361,783 | |
Long-lived assets consist of property and equipment, net, right-of-use assets, intangibles and other long-term assets.
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