Quarterly ResultJun 10, 2026, 04:46 PM
Anterix Reports FY2026 Net Income of $90.6M, Turnaround from Prior Year Loss
AI Summary
Anterix Inc. announced its fiscal 2026 fourth quarter and full fiscal year financial results, reporting a substantial net income of $90.6 million for the full year, a significant improvement from a net loss in the prior year. The company also highlighted key operational achievements including new spectrum sale agreements totaling $23.9 million in contracted proceeds during FY2026 and an additional $0.8 million agreement in April 2026. Anterix launched new services, TowerX™ and CatalyX®, and benefited from substantial gains on the exchange and sale of intangible assets. The company ended the fiscal year with no debt and a strong cash position of $98.5 million.
Key Highlights
- Anterix reported full-year FY2026 net income of $90.6 million, a significant turnaround from a loss of $11.4 million in FY2025.
- Full-year FY2026 revenue was $6.5 million, up from $6.0 million in FY2025.
- The company recorded a $105.4 million gain on exchange of intangible assets and a $34.8 million gain on sale of intangible assets in FY2026.
- Anterix invested $27.2 million in spectrum clearing costs for the full fiscal year 2026.
- As of March 31, 2026, Anterix had $98.5 million in cash and cash equivalents and no debt.
- The company repurchased $1.0 million of its common stock during fiscal year 2026.
- New spectrum sale agreements were executed with CPS Energy, Texas-New Mexico Power, and NorthWestern Energy for $23.9 million in FY2026.
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