Anterix reports FY2026 net income $90.6M, cash $98.5M and $127M contracted proceeds

Anterix reported fiscal year 2026 results for the year ended March 31, 2026, recording net income of $90.6 million and cash and cash equivalents of $98.5 million as of period end. The company recognized $34.8 million in gains on sale of intangible assets and $105.4 million in gains on exchanges of narrowband for broadband licenses during the year. Management noted $127 million of contracted customer proceeds received and $50 million outstanding, and described product and service launches including TowerX and CatalyX.Financial HighlightsNet income for FY2026: $90,635 thousand (reported for year ended March 31, 2026).Net income (loss) for Q4 FY2026: $18,520 thousand for the three months ended March 31, 2026.Cash and cash equivalents at March 31, 2026: $98,533 thousand; restricted cash (escrow deposits): $6,130 thousand.Gains on intangible assets: $34,780 thousand recorded on sale of broadband licenses for the full year; $105,419 thousand recorded on exchanges of narrowband for broadband licenses (full year, net).Contracted customer proceeds received during FY2026: $127 million, with $50 million of contracted proceeds outstanding as of year end.Business HighlightsExecuted new spectrum sale agreements with CPS Energy, Texas‑New Mexico Power and NorthWestern Energy during FY2026 for total contracted proceeds of $23.9 million; subsequently signed Benton PUD for $0.8 million (April 2026).FCC action on February 18, 2026 adopted a Report and Order expanding the 900 MHz broadband segment from 6 MHz to 10 MHz, supporting the company’s broadband strategy.Delivered broadband licenses covering 155 counties during FY2026 (92 counties delivered in Q4 FY2026) and completed exchanges of narrowband for broadband licenses in 219 counties (46 counties in Q4).Launched TowerX, a tower site access service, and CatalyX, a turnkey connectivity management solution, to support commercialization of spectrum and managed connectivity offerings.Invested in spectrum clearing and related activities: $27,172 thousand for the full year and $7,372 thousand in the fourth quarter.Original SEC Filing: Anterix Inc. [ ATEX ] - 8-K - Jun. 10, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.