ATEX Anterix Inc.
Price Chart
Executive Summary
Anterix reported fiscal Q4 2026 GAAP net income of $18.5M ($0.99 basic EPS), swinging from $9.2M ($0.50) a year ago, driven by $22.0M in gains on license sales and $11.1M in gains on license exchanges. Full-year revenue grew 7.8% to $6.5M, and the company ended the year with $98.5M cash and no debt. The FCC's February 2026 order expanding the 900 MHz broadband allocation from 6 MHz to 10 MHz is a major regulatory catalyst, and the company disclosed a $48.7M contracted-proceeds pipeline for FY2027 and beyond.
Actionable Insight
The FCC's 900 MHz expansion is a structural catalyst that increases the addressable spectrum market for Anterix. With $98.5M cash, no debt, and a visible $48.7M contracted-proceeds pipeline, the company is well-capitalized to fund spectrum clearing and commercial expansion. Monitor the FY2027 contracted-proceeds conversion rate and any additional spectrum sale agreements for revenue acceleration.
Key Facts
- FCC adopted 2026 Report and Order expanding 900 MHz broadband from 6 MHz to 10 MHz on Feb 18, 2026
- Full-year FY2026 net income of $90.6M vs loss of $11.4M in FY2025
- Cash and cash equivalents of $98.5M at March 31, 2026, up from $47.4M a year ago, with no debt
- Received $127M of contracted proceeds from customers during FY2026; $50M outstanding at year-end
- Disclosed $48.7M in estimated future contracted proceeds ($25.3M in FY2027, $23.4M thereafter)
- Launched TowerX and CatalyX service offerings, expanding beyond pure spectrum sales
- Full-year FY2026 spectrum revenue of $6.5M, up 7.8% from $6.0M in FY2025
- Full-year FY2026 operating cash flow of $5.5M vs -$29.3M in FY2025
Financial Impact
Full-year net income swung from -$11.4M to +$90.6M; cash balance doubled to $98.5M; $48.7M contracted proceeds pipeline disclosed
Risk Factors
- Timing of contracted proceeds is subject to broadband license delivery milestones and potential penalties
- Spectrum clearing costs ($27.2M in FY2026) could increase if FCC timelines accelerate
- Revenue concentration in utility sector; commercial adoption of new TowerX/CatalyX services unproven
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001304492-26-000024 |
| Document: atex-20260610.htm | 0001304492-26-000024 |
| Document: 0001304492-26-000024-index-headers.html | 0001304492-26-000024 |
| Document: 0001304492-26-000024-index.html | 0001304492-26-000024 |
| Document: 0001304492-26-000024.txt | 0001304492-26-000024 |
| 8-K Data (Synthetic) | 0001304492-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 10, 2026
2d ago
|
8-K
| $65.00 awaiting T+5 | awaiting T+5 | — | $82.50 (+26.92%) |
|
Jun 10, 2026
2d ago
|
Press Release
| $65.00 awaiting T+5 | awaiting T+5 | — | $82.50 (+26.92%) |
|
Jun 1, 2026
12d ago
|
Press Release
| $65.36 $66.64 | ▼ −1.96% | ▼ −4.71% | $82.50 (−26.22%) |
|
May 18, 2026
26d ago
|
Press Release
| $54.98 $63.73 | ▲ +15.91% | ▲ +14.30% | $82.50 (+50.05%) |
|
Apr 21, 2026
7w ago
|
8-K
| $44.14 $47.71 | ▲ +8.09% | ▲ +7.00% | $82.50 (+86.91%) |
|
Apr 21, 2026
7w ago
|
Press Release
| $44.14 $47.71 | ▲ +8.09% | ▲ +7.00% | $82.50 (+86.91%) |
|
Apr 6, 2026
9w ago
|
8-K
| $40.37 $35.95 | ▼ −10.95% | ▼ −15.08% | $82.50 (+104.36%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access