Quarterly ResultJun 10, 2026, 04:51 PM
Anterix Reports Strong FY2026 Results with $90.6M Net Income
AI Summary
Anterix Inc. announced its Fiscal 2026 fourth quarter and full year financial results, reporting a significant increase in net income for both periods. The company achieved a net income of $18.5 million for Q4 FY2026 and $90.6 million for the full year, a substantial improvement from the previous year. Key drivers included substantial gains from the sale and exchange of intangible assets, totaling $22.0 million in the quarter and $34.8 million for the year. Anterix also highlighted new spectrum sale agreements and the launch of new solutions, while maintaining a strong liquidity position with no debt.
Key Highlights
- Anterix reported a net income of $18.5 million for Q4 FY2026, a significant increase from $9.2 million in Q4 FY2025.
- Full year FY2026 net income was $90.6 million, a substantial turnaround from a net loss of $11.4 million in FY2025.
- The company recorded gains on sale of intangible assets totaling $22.0 million in Q4 FY2026 and $34.8 million for the full year.
- Anterix executed new spectrum sale agreements for $23.9 million in FY2026 and an additional $0.8 million post-year-end.
- Cash and cash equivalents stood at $98.5 million as of March 31, 2026, with no debt.
- The company repurchased $1.0 million of its common stock in FY2026, with $226.7 million remaining under the repurchase program.
- FCC adopted a report to expand the 900 MHz broadband segment from 6 MHz to 10 MHz.
- Launched TowerXTM and CatalyX® solutions.
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