Anterix Inc. ATEX

Communication services SIC 4813 - Telephone Communications (No Radiotelephone) NAICS Information › Telecommunications › Wired and Wireless Telecommunications (except Satellite) › Wired and Wireless Telecommunications Carriers (except Satellite) › Wired Telecommunications Carriers derived Nasdaq

Anterix Inc. ("Anterix," "we," "our," or the "Company") is the nation's largest holder of licensed 900 MHz spectrum (896-901/935-940 MHz) with coverage spanning the contiguous United States, Hawaii, Alaska, and Puerto Rico. Our mission is to transform critical infrastructure connectivity, commercialize our spectrum assets and deliver advanced intelligent infrastructure solutions, including private broadband networks, tower access, and turnkey connectivity management, to utility and critical infrastructure enterprises seeking to enhance operational efficiency, strengthen grid resilience, and accelerate digital transformation.

During fiscal 2026, we evolved our business strategy. Building on our foundational 900 MHz spectrum position, we transitioned from a model focused predominantly on long-term spectrum leasing to a broader operating model. In the ordinary course of business, we now secure and expand our spectrum position, clear and retune spectrum, monetize spectrum through both sales and long-term leases, and develop a growing portfolio of products and services offerings around our spectrum that are designed to generate recurring revenue. Together, these activities form the foundation of how we generate revenue today and how we expect to generate revenue over time. Our new brand and visual identity, introduced during the fourth quarter, reflects this evolution.

Last close 74.90 2026-10-23
Market cap $1.47B 2026-06-30 share count
52-week range 17.58 - 113.00

Valuation FY2025 figures against the last close

P/S225.9x
P/E15.5x
P/FCF268.0x
EV/EBITDA15.6x
Dividend yield—
Diluted EPS4.83

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.5M$6.0M$4.2M$1.9M$1.1M$921.0K$1.6M$6.5M$6.4M$4.8M
Cost of revenue ———$0$5.0K$1.6M$2.8M$4.7M$7.9M$7.0M
Gross profit ———$1.9M$1.1M-$685.0K-$1.3M-$752.0K-$1.5M-$2.3M
R&D $4.7M$5.7M$5.7M$4.4M$3.6M$4.3M$3.0M$2.3M$2.4M$2.3M
SG&A $36.1M$42.7M$44.4M$45.2M$39.5M$39.3M$25.5M$19.6M$20.9M$22.6M
Total operating expenses $52.7M$58.8M$56.7M$56.8M$49.0M$51.8M$38.9M$49.2M$30.2M$30.5M
Operating income $93.9M-$11.7M-$10.1M-$16.5M-$36.8M-$54.8M-$37.5M-$42.7M-$31.7M-$32.8M
Interest expense ————————$3.0K$5.0K
Pre-tax income $95.7M-$9.5M-$7.5M-$15.1M-$36.5M-$54.3M-$35.2M-$41.3M-$31.1M-$32.7M
Income tax $5.1M$1.9M$1.6M$1.3M$983.0K$124.0K$2.4M$688.0K$6.5M$6.5M
Net income $90.6M-$11.4M-$9.1K-$16.3M-$37.5M-$54.4M-$37.6M-$42.0M-$24.6M-$39.2M
EPS, basic 4.85-0.61-0.49-0.87-2.07-3.13-2.29———
EPS, diluted 4.83-0.61-0.49-0.87-2.07-3.13-2.29-2.88-1.70-2.72
Shares, diluted (wtd. avg.) 18.8M18.6M18.8M18.8M18.1M17.4M16.4M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $98.5M$47.4M$68.1M$43.2M$105.6M$117.5M$137.5M$76.7M$98.3M$124.1M
Receivables ————$0$4.0K$61.0K$444.0K$935.0K$636.0K
Inventory ————————$173.0K$128.0K
Total current assets $120.0M$60.8M$73.0M$59.5M$115.8M$121.0M$142.2M$78.3M$100.3M$125.7M
Property, plant and equipment $827.0K$1.3M$2.1M$3.6M$2.9M$3.6M$7.0M$9.8M$12.8M$14.5M
Other intangibles ———————$184.0K$197.0K$210.0K
Total assets $465.2M$333.1M$324.9M$278.6M$278.0M$253.1M$267.4M$196.8M$220.3M$245.5M
Accounts payable $695.0K$1.1M$696.0K$755.0K$1.0M$500.0K$645.0K$743.0K$479.0K$670.0K
Total current liabilities $36.0M$27.2M$18.0M$31.9M$9.6M$8.6M$8.8M$8.8M$5.2M$4.7M
Total liabilities $202.9M$176.5M$163.9M$98.8M$91.7M$40.5M$22.3M$16.0M$11.8M$17.6M
Retained earnings -$302.3M-$391.9M-$372.2M-$338.4M-$313.8M-$260.3M-$205.9M-$168.5M-$127.2M-$102.7M
Total equity $262.3M$156.6M$161.0M$179.8M$186.3M$212.5M$245.1M$180.8M$209.3M$227.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.5M-$29.3M$42.0M-$27.2M$17.9M-$10.0M-$27.8M-$23.1M-$22.0M-$26.5M
Depreciation and amortisation $464.0K$548.0K$844.0K$1.4M$1.4M$3.5M$3.6M$2.8M$2.8M$2.2M
Capital expenditure $31.0K$87.0K$307.0K$2.1M$1.1M$230.0K$464.0K$724.0K$950.0K$1.6M
Investing cash flow $40.5M$22.8M$8.1M-$27.1M-$27.4M-$14.2M-$7.6M-$1.7M-$2.9M-$2.4M
Financing cash flow $3.6M-$6.6M-$25.1M-$8.1M-$2.4M$4.2M$96.1M$3.2M-$898.0K-$485.0K
Buybacks $990.0K$8.4M$24.7M$8.2M$15.0M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001304492-26-000027.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M -50M 0 50M 100M Revenue, FY2016: 4.8M Gross profit, FY2016: -2.3M Net income, FY2016: -39.2M Revenue, FY2017: 6.4M Gross profit, FY2017: -1.5M Net income, FY2017: -24.6M Revenue, FY2018: 6.5M Gross profit, FY2018: -752K Net income, FY2018: -42M Revenue, FY2019: 1.6M Gross profit, FY2019: -1.3M Net income, FY2019: -37.6M Revenue, FY2020: 921K Gross profit, FY2020: -685K Net income, FY2020: -54.4M Revenue, FY2021: 1.1M Gross profit, FY2021: 1.1M Net income, FY2021: -37.5M Revenue, FY2022: 1.9M Gross profit, FY2022: 1.9M Net income, FY2022: -16.3M Revenue, FY2023: 4.2M Net income, FY2023: -9.1K Revenue, FY2024: 6M Net income, FY2024: -11.4M Revenue, FY2025: 6.5M Net income, FY2025: 90.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.8M $6.4M $6.5M $1.6M $921.0K $1.1M $1.9M $4.2M $6.0M $6.5M
Gross profit -$2.3M -$1.5M -$752.0K -$1.3M -$685.0K $1.1M $1.9M — — —
Net income -$39.2M -$24.6M -$42.0M -$37.6M -$54.4M -$37.5M -$16.3M -$9.1K -$11.4M $90.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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