Anterix (NASDAQ: ATEX) turns FY2026 profit and boosts cash position
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Anterix Inc. reported a strong turnaround for fiscal 2026, posting net income of $90.6 million for the year ended March 31, 2026, compared with a prior-year loss. Full-year spectrum revenue was $6.5 million, while results were heavily supported by gains on spectrum-related intangible assets.
The company recorded a $105.4 million gain on exchange of intangible assets and a $34.8 million gain on sale of intangible assets for the year. At March 31, 2026, Anterix held $98.5 million in cash and cash equivalents, no debt, and total assets of $465.2 million.
Deferred revenue reached $161.2 million combined current and noncurrent, reflecting contracted future performance obligations. Anterix expects contracted customer cash proceeds of $25.3 million in fiscal 2027 and $23.4 million thereafter, and it has $226.7 million remaining under its share repurchase program.
Positive
- Strong profitability and cash build: Fiscal 2026 net income reached $90.6 million, supported by large gains on spectrum-related intangible assets, while cash and cash equivalents increased to $98.5 million with no debt outstanding.
Negative
- None.
Insights
Anterix swings to profit driven by spectrum gains and builds cash.
Anterix moved from a net loss to net income of $90.6 million in fiscal 2026, largely due to a $105.4 million gain on exchange of intangible assets and a $34.8 million gain on sales of spectrum-related intangibles.
Core spectrum revenue was modest at $6.5 million for the year, while operating expenses totaled $52.7 million. This suggests earnings are presently dominated by transactional gains rather than recurring service revenue, so future results may depend on the timing and size of additional spectrum deals.
Liquidity improved meaningfully, with cash and cash equivalents at $98.5 million and no debt as of March 31, 2026. Contracted customer proceeds of $25.3 million expected in fiscal 2027 and $23.4 million thereafter provide some visibility, while $226.7 million remains authorized under the share repurchase program.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Fiscal 2026 net income: $90.6M
Fiscal 2026 spectrum revenue: $6.5M
Gain on exchange of intangibles: $105.4M
+5 more
8 metrics
Fiscal 2026 net income
$90.6M
Year ended March 31, 2026
Fiscal 2026 spectrum revenue
$6.5M
Year ended March 31, 2026
Gain on exchange of intangibles
$105.4M
Year ended March 31, 2026
Gain on sale of intangibles
$34.8M
Year ended March 31, 2026
Cash and cash equivalents
$98.5M
As of March 31, 2026
Total assets
$465.2M
As of March 31, 2026
Deferred revenue
$161.2M
Current and noncurrent as of March 31, 2026
Expected contracted proceeds
$25.3M FY27, $23.4M later
Estimated customer cash proceeds
Key Terms
spectrum revenue, gain on exchange of intangible assets, deferred revenue, share repurchase program, +2 more
6 terms
spectrum revenue financial
"Spectrum revenue was $1,958 for the quarter and $6,501 for the year."
gain on exchange of intangible assets financial
"Exchanged narrowband for broadband licenses in 219 counties and recorded a $105.4 million gain."
deferred revenue financial
"Deferred revenue was $14,513 current and $146,665 noncurrent as of March 31, 2026."
Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.
forward-looking statements regulatory
"Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
contingent liability financial
"Contingent liability was $2,220 current and $6,000 noncurrent as of March 31, 2026."
A contingent liability is a potential financial obligation that may or may not happen, depending on the outcome of a future event. It’s like a promise to pay if certain circumstances occur, such as if a court rules against a company or a loan guarantee is called upon. For investors, understanding these liabilities helps gauge possible risks that could affect a company's financial health.
Earnings Snapshot
Spectrum revenue: $6.5M full year; $2.0M Q4
Year ended March 31, 2026 and Q4 2026
Spectrum revenue
$6.5M full year; $2.0M Q4
Net income
$90.6M full year; $18.5M Q4
Cash and cash equivalents
$98.5M at March 31, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 10, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission File Number) | (IRS Employer | ||||||||||||
| of incorporation) | Identification No.) | |||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(973 ) 771-0300
Registrant’s telephone number, including area code
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On June 10, 2026 , Anterix Inc. (the “Company”) issued an Earnings Release announcing its Fiscal 2026 fourth quarter and year-end financial results for the quarter and year ended March 31, 2026. A copy of the Earnings Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Current Report and in Exhibits 99.1 of Item 9.01 below is being “furnished” pursuant to Item 2.02 of Form 8-K, and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. Accordingly, the information in Item 2.02 will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, unless specifically identified therein as being incorporated therein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
99.1 | Anterix Inc. Earnings Release, dated | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Anterix Inc. | |||||
Date: | /s/ Elena Marquez | ||||
| Elena Marquez | |||||
| Chief Financial Officer | |||||
Anterix Inc. Reports
Full Fiscal Year 2026 Results
Woodland Park, NJ – June 10, 2026 – Anterix (NASDAQ: ATEX) today announced fiscal 2026 fourth quarter and full fiscal year financial results for the year ended March 31, 2026.
Full Year FY2026 Financial and Operational Highlights
–Executed new spectrum sale agreements with CPS Energy, Texas-New Mexico Power and NorthWestern Energy during FY2026 for total contracted proceeds of $23.9 million
–Subsequent to year end, in April 2026, the Company entered into a new spectrum sale agreement with Benton PUD for a total contract price of $0.8 million
–On February 18, 2026, the FCC adopted the 2026 Report and Order to expand the 900 MHz broadband segment from 6 MHz to 10 MHz
–Received $127 million of contracted proceeds from customers with $50 million of contracted proceeds outstanding
–Launched TowerXTM, a tower site access service, and CatalyX®, a turnkey connectivity management solution
–Delivered broadband licenses to customers covering 155 counties and recorded a $34.8 million gain on sale of intangible assets
–Exchanged narrowband for broadband licenses in 219 counties and recorded a $105.4 million gain
–Invested $27.2 million in spectrum clearing costs
Fourth Quarter FY2026 Financial Highlights
–Delivered broadband licenses to customers covering 92 counties and recorded a $22.0 million gain on sale of intangible assets
–Exchanged narrowband for broadband licenses in 46 counties and recorded a $11.1 million gain
–Invested $7.4 million in spectrum clearing costs
Liquidity and Balance Sheet
At March 31, 2026, the Company had no debt and cash and cash equivalents of $98.5 million. In addition, the Company had a restricted cash balance of $6.1 million in escrow deposits.
The Company has an authorized share repurchase program for up to $250.0 million of the Company’s common stock on or before September 21, 2026. In fiscal 2026 fourth quarter, Anterix had no share repurchase activity. In fiscal 2026 full year, Anterix had share repurchase activity of $1.0 million. As of March 31, 2026, $226.7 million is remaining under the share repurchase program.
Conference Call Information
Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Thursday, June 11, 2026. Participants interested in joining the call’s live question and answer session are required to pre-register by clicking on the following link https://investors.anterix.com/events/event-details/q4-fy2026-anterix-earnings-conference-call to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix’s website at https://investors.anterix.com/events-presentations. Following the event, a replay of the call will also be available on the Anterix website.
About Anterix Inc.
Anterix is transforming how critical infrastructure stays connected. As the market leader in mission-critical private wireless broadband spectrum for the utility sector, Anterix delivers more secure, private 900 MHz licensed spectrum and advanced intelligent infrastructure solutions that enhance efficiency, strengthen resilience, and accelerate digital transformation. Backed by a growing ecosystem of industry-leading partners, Anterix provides the connectivity foundation that powers a more resourceful and resilient future. Learn more at www.anterix.com.
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix’s business, financial results, outlook, regulatory actions or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix’s actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix’s ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix’s ability to timely secure broadband licenses; (iv) Anterix’s ability to successfully commercialize its spectrum assets and services to its targeted utility or other customers in accordance with its plans and expectations; (v) Anterix’s ability to execute on its customer engagement initiatives; and (vi) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix’s filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect the Company’s financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.
Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
Anterix Inc.
Earnings Release Tables
Consolidated Balance Sheets
(in thousands, except share and per share data)
| March 31, 2026 | March 31, 2025 | ||||||||||
| ASSETS | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | $ | 98,533 | $ | 47,374 | |||||||
| Non-trade receivable | — | 2,926 | |||||||||
| Spectrum receivable | 10,638 | 7,107 | |||||||||
| Escrow deposits | 6,130 | 547 | |||||||||
| Prepaid expenses and other current assets | 4,684 | 2,801 | |||||||||
| Total current assets | 119,985 | 60,755 | |||||||||
| Escrow deposits | — | 7,103 | |||||||||
| Property and equipment, net | 827 | 1,302 | |||||||||
| Right of use assets, net | 4,069 | 4,829 | |||||||||
| Intangible assets | 310,712 | 228,983 | |||||||||
| Deferred broadband costs | 29,069 | 28,944 | |||||||||
| Other assets | 548 | 1,188 | |||||||||
| Total assets | $ | 465,210 | $ | 333,104 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current liabilities | |||||||||||
| Accounts payable and other accrued expenses | $ | 15,028 | $ | 9,075 | |||||||
| Accrued severance and other related charges | 2,810 | 2,265 | |||||||||
| Due to related parties | — | 30 | |||||||||
| Operating lease liabilities | 1,424 | 1,643 | |||||||||
| Contingent liability | 2,220 | 8,093 | |||||||||
| Deferred revenue | 14,513 | 6,095 | |||||||||
| Total current liabilities | 35,995 | 27,201 | |||||||||
| Operating lease liabilities | 2,995 | 3,747 | |||||||||
| Contingent liability | 6,000 | 15,336 | |||||||||
| Deferred revenue | 146,665 | 118,577 | |||||||||
| Deferred gain on sale of intangible assets | 4,911 | 4,911 | |||||||||
| Deferred income tax | 6,323 | 6,606 | |||||||||
| Other liabilities | — | 125 | |||||||||
| Total liabilities | 202,889 | 176,503 | |||||||||
| Commitments and contingencies (See Note 15) | |||||||||||
| Stockholders’ equity | |||||||||||
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2026 and March 31, 2025 | — | — | |||||||||
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,914,271 shares issued and outstanding at March 31, 2026 and 18,612,804 shares issued and outstanding at March 31, 2025 | 2 | 2 | |||||||||
| Additional paid-in capital | 564,617 | 548,542 | |||||||||
| Accumulated deficit | (302,298) | (391,943) | |||||||||
| Total stockholders’ equity | 262,321 | 156,601 | |||||||||
| Total liabilities and stockholders’ equity | $ | 465,210 | $ | 333,104 | |||||||
Anterix Inc.
Earnings Release Tables
Consolidated Statements of Operations
(in thousands, except share and per share data)
| Three Months Ended March 31, | Year Ended March 31, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Spectrum revenue | $ | 1,958 | $ | 1,389 | $ | 6,501 | $ | 6,031 | |||||||||||||||
| Operating expenses | |||||||||||||||||||||||
| General and administrative | 8,560 | 9,220 | 36,063 | 42,671 | |||||||||||||||||||
| Sales and support | 2,519 | 1,594 | 6,900 | 6,110 | |||||||||||||||||||
| Product development | 1,267 | 1,089 | 4,703 | 5,735 | |||||||||||||||||||
| Severance and other related charges | 2,776 | 258 | 4,596 | 3,771 | |||||||||||||||||||
| Depreciation and amortization | 103 | 76 | 464 | 548 | |||||||||||||||||||
| Operating expenses | 15,225 | 12,237 | 52,726 | 58,835 | |||||||||||||||||||
| Gain on exchange of intangible assets, net | (11,095) | (1,953) | (105,419) | (22,799) | |||||||||||||||||||
| Gain on sale of intangible assets, net | (22,021) | (18,294) | (34,780) | (18,294) | |||||||||||||||||||
| Loss from disposal of long-lived assets, net | 14 | 3 | 44 | 3 | |||||||||||||||||||
| Income (loss) from operations | 19,835 | 9,396 | 93,930 | (11,714) | |||||||||||||||||||
| Interest income | 472 | 446 | 1,633 | 2,159 | |||||||||||||||||||
| Other income | 75 | 40 | 143 | 75 | |||||||||||||||||||
| Income (loss) before income taxes | 20,382 | 9,882 | 95,706 | (9,480) | |||||||||||||||||||
| Income tax expense | 1,862 | 674 | 5,071 | 1,892 | |||||||||||||||||||
| Net income (loss) | $ | 18,520 | $ | 9,208 | $ | 90,635 | $ | (11,372) | |||||||||||||||
| Net income (loss) per common share basic | $ | 0.99 | $ | 0.50 | $ | 4.85 | $ | (0.61) | |||||||||||||||
| Net income (loss) per common share diluted | $ | 0.98 | $ | 0.49 | $ | 4.83 | $ | (0.61) | |||||||||||||||
| Weighted-average common shares used to compute basic net income (loss) per share | 18,761,900 | 18,577,700 | 18,688,175 | 18,562,446 | |||||||||||||||||||
| Weighted-average common shares used to compute diluted net income (loss) per share | 18,862,936 | 18,709,205 | 18,755,739 | 18,562,446 | |||||||||||||||||||
Anterix Inc.
Earnings Release Tables
Consolidated Statements of Cash Flows
( in thousands)
| Three Months Ended March 31, | Year Ended March 31, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||
| Net income (loss) | $ | 18,520 | $ | 9,208 | $ | 90,635 | $ | (11,372) | |||||||||||||||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | |||||||||||||||||||||||
| Depreciation and amortization | 103 | 76 | 464 | 548 | |||||||||||||||||||
| Stock compensation expense | 2,697 | 2,912 | 11,491 | 13,531 | |||||||||||||||||||
| Deferred income taxes | 182 | (130) | (283) | 325 | |||||||||||||||||||
| Rights of use assets | 207 | 431 | 760 | 1,657 | |||||||||||||||||||
| Gain on exchange of intangible assets, net | (11,095) | (1,953) | (105,419) | (22,799) | |||||||||||||||||||
| Gain on sale of intangible assets, net | (22,021) | (18,294) | (34,780) | (18,294) | |||||||||||||||||||
| Loss from disposal of long-lived assets, net | 14 | 3 | 44 | 3 | |||||||||||||||||||
| Changes in operating assets and liabilities | |||||||||||||||||||||||
| Non-trade receivable | — | (2,926) | 2,926 | (2,926) | |||||||||||||||||||
| Prepaid expenses and other assets | (552) | (139) | (738) | 1,126 | |||||||||||||||||||
| Accounts payable and other accrued expenses | (117) | 167 | (1,707) | 550 | |||||||||||||||||||
| Accrued severance and other related charges | 117 | (25) | 545 | 2,265 | |||||||||||||||||||
| Due to related parties | — | 30 | (30) | 30 | |||||||||||||||||||
| Operating lease liabilities | (225) | (507) | (971) | (1,960) | |||||||||||||||||||
| Contingent liability | (869) | (4,001) | 6,195 | 5,999 | |||||||||||||||||||
| Deferred revenue | 28,582 | (1,389) | 36,506 | 2,460 | |||||||||||||||||||
| Other liabilities | (24) | (18) | (127) | (406) | |||||||||||||||||||
| Net cash provided by (used in) operating activities | 15,519 | (16,555) | 5,511 | (29,263) | |||||||||||||||||||
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||
| Purchases of intangible assets and other related costs | (7,372) | (5,474) | (27,172) | (18,095) | |||||||||||||||||||
| Proceeds from sale of spectrum | 53,498 | 40,935 | 67,737 | 40,935 | |||||||||||||||||||
| Purchases of equipment | (22) | (46) | (31) | (87) | |||||||||||||||||||
| Net cash provided by investing activities | 46,104 | 35,415 | 40,534 | 22,753 | |||||||||||||||||||
| CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||
| Proceeds from stock option exercises | 5,197 | 1,691 | 5,354 | 3,651 | |||||||||||||||||||
| Repurchase of common stock | — | (1,955) | (990) | (8,398) | |||||||||||||||||||
| Payments of withholding tax on net issuance of restricted stock | (44) | — | (770) | (1,843) | |||||||||||||||||||
| Net cash provided by (used) in financing activities | 5,153 | (264) | 3,594 | (6,590) | |||||||||||||||||||
| Net change in cash and cash equivalents and restricted cash | 66,776 | 18,596 | 49,639 | (13,100) | |||||||||||||||||||
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||||||||||||||||
| Cash and cash equivalents and restricted cash at beginning of the period | 37,887 | 36,428 | 55,024 | 68,124 | |||||||||||||||||||
| Cash and cash equivalents and restricted cash at end of the period | $ | 104,663 | $ | 55,024 | $ | 104,663 | $ | 55,024 | |||||||||||||||
| The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows: | ||||||||||||||||||||
| March 31, 2026 | March 31, 2025 | March 31, 2024 | ||||||||||||||||||
| Cash and cash equivalents | $ | 98,533 | $ | 47,374 | $ | 60,578 | ||||||||||||||
| Escrow deposits | 6,130 | 7,650 | 7,546 | |||||||||||||||||
| Total cash and cash equivalents and restricted cash | $ | 104,663 | $ | 55,024 | $ | 68,124 | ||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||
| Cash and cash equivalents | $ | 29,534 | $ | 28,797 | ||||||||||||||||
| Escrow deposits | 8,353 | 7,631 | ||||||||||||||||||
| Total cash and cash equivalents and restricted cash | $ | 37,887 | $ | 36,428 | ||||||||||||||||
Anterix Inc.
Earnings Release Tables
Other Financial Information
( in thousands except per share data)
Share Repurchase Program
The following table presents the share repurchase activity for the three months and years ended March 31, 2026 and 2025 (in thousands, except per share data):
| Three Months Ended March 31, | Year Ended March 31, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Number of shares repurchased and retired | — | 50 | 43 | 245 | |||||||||||||||||||
| Average price paid per share* | $ | — | $ | 38.63 | $ | 22.94 | $ | 33.71 | |||||||||||||||
| Total cost to repurchase | $ | — | $ | 1,955 | $ | 990 | $ | 8,398 | |||||||||||||||
*Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases.
As of March 31, 2026, $226.7 million is remaining under the share repurchase program.
Expected Future Cash Proceeds
The following table illustrates the estimated contracted customer proceeds for Fiscal 2027 and thereafter (in thousands):
| Customers | Fiscal 2027(1) | Thereafter(1)(2) | |||||||||
| Ameren | $ | 16,300 | $ | — | |||||||
| SDG&E | — | 3,100 | |||||||||
| Xcel Energy | — | 4,000 | |||||||||
| LCRA | — | 7,200 | |||||||||
| CPS | 6,500 | — | |||||||||
| TNMP | 1,600 | 1,600 | |||||||||
| NWE | 700 | 7,000 | |||||||||
| Benton PUD | 200 | 500 | |||||||||
| Total | $ | 25,300 | $ | 23,400 | |||||||
1. Total cash proceeds are subject to change based on final delivery date of the broadband licenses for the associated milestone, which may include penalties associated with delayed deliveries.
2. Thereafter expected cash proceeds range from FY28 through FY34.
FAQ
How did Anterix (ATEX) perform financially in fiscal 2026?
Anterix reported net income of $90.6 million for fiscal 2026, reversing a prior-year loss. Spectrum revenue was $6.5 million, and results were boosted by substantial gains on exchanging and selling spectrum-related intangible assets during the year.
What is Anterix’s cash and debt position as of March 31, 2026?
As of March 31, 2026, Anterix held $98.5 million in cash and cash equivalents and reported no debt. It also had $6.1 million in escrow deposits, supporting total assets of $465.2 million on its consolidated balance sheet.
How much future contracted cash does Anterix expect from customers?
Anterix expects contracted customer cash proceeds of $25.3 million in fiscal 2027 and $23.4 million thereafter. These estimates are tied to broadband license delivery milestones and may adjust for timing changes or penalties on delayed deliveries.
What was Anterix’s spectrum revenue trend in the latest quarter and year?
Spectrum revenue for the quarter ended March 31, 2026 was $2.0 million, up from $1.4 million a year earlier. For the full fiscal year 2026, spectrum revenue totaled $6.5 million, slightly above the prior year’s $6.0 million.