Anterix Swings to $18.5M Q4 Profit on $2M Revenue; FY Net Hits $90.6M
ATEX•Anterix posted Q4 net income of $18.5M (98-cent EPS) on $2M revenue, reversing a 41-cent adjusted loss. FY2026 net income reached $90.6M on $6.5M revenue, supported by $127M contracted proceeds, $98.5M cash and zero debt, while recording $140M in gains on spectrum asset transactions.
1. Q4 Financial Results
In the quarter ended March 31, 2026, Anterix posted net income of $18.5M, or $0.98 per share, on $2M revenue, reversing a 41-cent adjusted loss from last year. The turnaround was driven by gains from intangible asset sales and license exchanges.
2. FY2026 Performance and Asset Transactions
For fiscal 2026, Anterix reported net income of $90.6M on $6.5M revenue, fueled by $127M in contracted spectrum sale proceeds—$23.9M from utility agreements and $0.8M from a post-year-end sale. The company recognized $34.8M gain on intangible sales and $105.4M gain on license exchanges across 265 counties.
3. Balance Sheet and Liquidity
As of March 31, Anterix held $98.5M in cash and equivalents, no debt, and $6.1M in restricted cash, underpinning growth initiatives. Under its $250M share repurchase program, $226.7M remains available after $1M repurchased in fiscal 2026.
