ATN International, Inc. ATNI
We provide digital infrastructure and communications services in the United States ("US"), primarily in the western US, and Alaska, and internationally, including Bermuda and the Caribbean region. Since our founding in 1987, we have concentrated on smaller, often rural or remote markets with strong and growing demand for connectivity. We have invested in these markets to build durable network assets and establish a defensible market position. In select markets, we also serve carrier customers by leveraging our network assets to provide communications services.
Through our operating subsidiaries, we primarily offer: (i) fixed and mobile telecommunications connectivity to residential, business, and government customers; and (ii) carrier communications services to large enterprise and government customers, including terrestrial and submarine fiber optic transport.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $667.1M | $674.0M | $709.9M | $678.0M | $565.5M | $455.4M | $438.7M | $451.2M | $481.2M | $457.0M |
| SG&A | $219.5M | $228.9M | $242.7M | $224.4M | $181.7M | $139.0M | $139.3M | $104.3M | $102.3M | $90.4M |
| Total operating expenses | $699.5M | $729.9M | $749.0M | $717.8M | $617.7M | $446.3M | $425.3M | $390.2M | $425.9M | $405.7M |
| Operating income | $28.4M | -$795.0K | $13.2M | $7.9M | -$15.0M | $9.2M | $13.4M | $61.0M | $55.3M | $51.3M |
| Interest expense | $47.8M | $49.5M | $42.7M | $20.4M | $9.6M | $5.3M | $5.0M | $8.0M | $8.8M | $5.4M |
| Pre-tax income | -$27.8M | -$51.0M | -$27.5M | -$8.1M | -$22.7M | $93.0K | $6.1M | $53.7M | $47.6M | $45.4M |
| Income tax | $4.2M | $19.1M | $8.8M | $473.0K | $1.9M | $801.0K | $4.1M | $18.9M | $1.3M | $21.2M |
| Net income | -$23.5M | -$31.9M | -$18.8M | -$7.6M | -$20.8M | -$708.0K | $2.0M | $34.9M | $48.9M | $24.2M |
| EPS, basic | -1.38 | -2.10 | -1.25 | -0.67 | -1.52 | -0.89 | -0.68 | 1.24 | 1.95 | 0.75 |
| EPS, diluted | -1.38 | -2.10 | -1.25 | -0.67 | -1.52 | -0.89 | -0.68 | 1.24 | 1.94 | 0.75 |
| Shares, diluted (wtd. avg.) | 15.2M | 15.2M | 15.6M | 15.8M | 15.9M | 15.9M | 16.0M | 16.0M | 16.2M | 16.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $102.5M | $73.4M | $62.2M | $59.7M | $80.7M | $105.0M | $162.4M | $192.9M | $219.9M | $288.4M |
| Short-term investments | $395.0K | $300.0K | $300.0K | $300.0K | $300.0K | — | $416.0K | $393.0K | $7.1M | $9.2M |
| Receivables | $80.7M | $83.7M | $88.0M | $86.8M | $73.7M | $44.2M | $35.9M | $38.3M | $43.5M | $45.4M |
| Total current assets | $327.9M | $309.2M | $281.3M | $229.7M | $232.6M | $240.1M | $228.7M | $275.8M | $342.9M | $367.4M |
| Property, plant and equipment | — | — | — | — | — | $536.5M | $605.6M | $626.9M | $643.1M | $647.7M |
| Goodwill | $4.8M | $4.8M | $40.1M | $40.1M | $40.1M | $60.7M | $60.7M | $64.0M | $64.0M | $62.9M |
| Other intangibles | $7.4M | $12.0M | $19.6M | $32.0M | $44.3M | $7.0M | — | — | — | — |
| Total assets | $1.67B | $1.73B | $1.78B | $1.71B | $1.61B | $1.08B | $1.13B | $1.11B | $1.21B | $1.20B |
| Accounts payable | $173.3M | $178.2M | $182.1M | $155.2M | $151.5M | $96.2M | $74.1M | $80.9M | $116.1M | $92.7M |
| Short-term debt | $15.8M | $8.2M | $24.3M | $6.2M | $4.7M | $3.8M | $3.8M | $4.7M | $10.9M | $12.4M |
| Total current liabilities | $263.1M | $267.3M | $293.2M | $233.2M | $220.9M | $147.9M | $119.7M | $140.7M | $161.7M | $150.1M |
| Long-term debt | $549.3M | $549.1M | $492.6M | $415.7M | $327.1M | $69.1M | $82.7M | $86.3M | $144.9M | $144.4M |
| Total liabilities | $1.03B | $1.06B | $1.06B | $938.6M | $833.4M | $329.4M | $324.6M | $284.0M | $375.4M | $389.0M |
| Retained earnings | $312.4M | $368.2M | $417.3M | $449.8M | $475.9M | $516.9M | $541.9M | $563.6M | $552.9M | $538.1M |
| Total equity | $444.3M | $489.5M | $637.8M | $676.8M | $702.3M | $754.3M | $806.1M | $823.3M | $830.2M | $809.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $133.9M | $127.9M | $111.6M | $102.9M | $80.5M | $86.3M | $87.9M | $115.9M | $145.7M | $111.7M |
| Depreciation and amortisation | $133.0M | $138.3M | $141.6M | $135.1M | $102.7M | $86.5M | $87.0M | $85.7M | $86.9M | $76.0M |
| Stock-based compensation | $8.5M | $8.2M | $8.5M | $7.4M | $6.6M | $5.9M | $6.4M | $6.4M | $7.0M | $6.4M |
| Capital expenditure | $90.0M | $110.4M | $163.3M | $160.1M | $96.4M | $75.3M | $72.7M | $185.9M | $142.4M | $124.3M |
| Investing cash flow | -$86.8M | -$103.8M | -$165.1M | -$167.2M | -$426.6M | -$70.2M | -$88.3M | -$87.3M | -$172.3M | -$296.6M |
| Financing cash flow | -$19.2M | $2.9M | $55.9M | $43.4M | $321.7M | -$73.4M | -$29.9M | -$55.2M | -$42.1M | $75.3M |
| Dividends paid | $15.7M | $14.7M | $13.2M | $10.7M | $10.8M | $10.9M | $10.9M | $10.9M | $19.2M | $21.0M |
| Buybacks | $770.0K | $10.0M | $15.0M | $942.0K | $10.5M | $6.6M | $162.0K | $1.6M | $10.6M | $4.1M |
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 0001104659-26-050554.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $457.0M | $481.2M | $451.2M | $438.7M | $455.4M | $565.5M | $678.0M | $709.9M | $674.0M | $667.1M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $24.2M | $48.9M | $34.9M | $2.0M | -$708.0K | -$20.8M | -$7.6M | -$18.8M | -$31.9M | -$23.5M |
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
- 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
- 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
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- 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
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
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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