Full Year FY2026 Financial and Operational Highlights
Executed new spectrum sale agreements with CPS Energy, Texas-New Mexico Power and NorthWestern Energy during FY2026 for total contracted proceeds of $23.9 million
Subsequent to year end, in April 2026, the Company entered into a new spectrum sale agreement with Benton PUD for a total contract price of $0.8 million
On February 18, 2026, the FCC adopted the 2026 Report and Order to expand the 900 MHz broadband segment from 6 MHz to 10 MHz
Received $127 million of contracted proceeds from customers with $50 million of contracted proceeds outstanding
Launched TowerX™, a tower site access service, and CatalyX®, a turnkey connectivity management solution
Delivered broadband licenses to customers covering 155 counties and recorded a $34.8 million gain on sale of intangible assets
Exchanged narrowband for broadband licenses in 219 counties and recorded a $105.4 million gain
Invested $27.2 million in spectrum clearing costs
Fourth Quarter FY2026 Financial Highlights
Delivered broadband licenses to customers covering 92 counties and recorded a $22.0 million gain on sale of intangible assets
Exchanged narrowband for broadband licenses in 46 counties and recorded a $11.1 million gain
Invested $7.4 million in spectrum clearing costs
Liquidity and Balance Sheet
At March 31, 2026, the Company had no debt and cash and cash equivalents of $98.5 million. In addition, the Company had a restricted cash balance of $6.1 million in escrow deposits.
The Company has an authorized share repurchase program for up to $250.0 million of the Company's common stock on or before September 21, 2026. In fiscal 2026 fourth quarter, Anterix had no share repurchase activity. In fiscal 2026 full year, Anterix had share repurchase activity of $1.0 million. As of March 31, 2026, $226.7 million is remaining under the share repurchase program.
Conference Call Information
Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Thursday, June 11, 2026. Participants interested in joining the call's live question and answer session are required to pre-register by clicking on the following link https://investors.anterix.com/events/event-details/q4-fy2026-anterix-earnings-conference-call to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix's website at https://investors.anterix.com/events-presentations. Following the event, a replay of the call will also be available on the Anterix website.
About Anterix Inc.
Anterix is transforming how critical infrastructure stays connected. As the market leader in mission-critical private wireless broadband spectrum for the utility sector, Anterix delivers more secure, private 900 MHz licensed spectrum and advanced intelligent infrastructure solutions that enhance efficiency, strengthen resilience, and accelerate digital transformation. Backed by a growing ecosystem of industry-leading partners, Anterix provides the connectivity foundation that powers a more resourceful and resilient future. Learn more at www.anterix.com.
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix's business, financial results, outlook, regulatory actions or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix's actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix's ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix's ability to timely secure broadband licenses; (iv) Anterix's ability to successfully commercialize its spectrum assets and services to its targeted utility or other customers in accordance with its plans and expectations; (v) Anterix's ability to execute on its customer engagement initiatives; and (vi) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix's filings with the Securities and Exchange Commission ("SEC"), which you may obtain for free at the SEC's website at http://www.sec.gov, discuss some of the important risk factors that may affect the Company's financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.
Shareholder Contact
Natasha Vecchiarelli Vice President, Investor Relations & Corporate Communications Anterix 973-531-4397 [email protected]
Anterix Inc.Earnings Release TablesConsolidated Balance Sheets(in thousands, except share and per share data)
March 31, 2026
March 31, 2025
ASSETS
Current assets
Cash and cash equivalents
$
98,533
$
47,374
Non-trade receivable
—
2,926
Spectrum receivable
10,638
7,107
Escrow deposits
6,130
547
Prepaid expenses and other current assets
4,684
2,801
Total current assets
119,985
60,755
Escrow deposits
—
7,103
Property and equipment, net
827
1,302
Right of use assets, net
4,069
4,829
Intangible assets
310,712
228,983
Deferred broadband costs
29,069
28,944
Other assets
548
1,188
Total assets
$
465,210
$
333,104
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and other accrued expenses
$
15,028
$
9,075
Accrued severance and other related charges
2,810
2,265
Due to related parties
—
30
Operating lease liabilities
1,424
1,643
Contingent liability
2,220
8,093
Deferred revenue
14,513
6,095
Total current liabilities
35,995
27,201
Operating lease liabilities
2,995
3,747
Contingent liability
6,000
15,336
Deferred revenue
146,665
118,577
Deferred gain on sale of intangible assets
4,911
4,911
Deferred income tax
6,323
6,606
Other liabilities
—
125
Total liabilities
202,889
176,503
Commitments and contingencies (See Note 15)
Stockholders' equity
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2026 and March 31, 2025
—
—
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,914,271 shares issued and outstanding at March 31, 2026 and 18,612,804 shares issued and outstanding at March 31, 2025
2
2
Additional paid-in capital
564,617
548,542
Accumulated deficit
(302,298
)
(391,943
)
Total stockholders' equity
262,321
156,601
Total liabilities and stockholders' equity
$
465,210
$
333,104
Anterix Inc.Earnings Release TablesConsolidated Statements of Operations(in thousands, except share and per share data)
Three Months Ended March 31,
Year Ended March 31,
2026
2025
2026
2025
Spectrum revenue
$
1,958
$
1,389
$
6,501
$
6,031
Operating expenses
General and administrative
8,560
9,220
36,063
42,671
Sales and support
2,519
1,594
