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Anterix

ATEX

Anterix Inc. is the largest holder of licensed 900 MHz spectrum in the United States, providing critical infrastructure connectivity solutions.

Market cap
$1.96B+388%
Revenue$6.5M+7.8%
Net income$90.6M+402%
Free cash flow-$17.1M-149%
EPS (diluted)$4.84+399%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (In 2 days)
Revenue estimate$2.0M
EPS estimate-$0.43

Financials

Q4 2026

Income statement

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Revenue$2.0M+41.0%
Operating income$19.8M
Net income$18.5M
EPS (diluted)$0.98

Balance sheet

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Cash & equivalents$98.5M+108%
Total debt$4.4M-18.0%
Total equity$262.3M+67.5%
Total assets$465.2M+39.7%

Cash flow

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Operating cash flow$15.5M+194%
CapEx$22.0K-52.2%
Free cash flow$15.5M+193%

Valuation & ratios

Valuation

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Market cap$1.96B+388%
Enterprise value$1.86B+400%
P/E21.6×
P/S300.9×+232×

Profitability

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Operating margin1,444.9%
Net margin1,394.2%

Returns & leverage

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Return on equity43.3%
Debt / equity0.0×
Current ratio3.3×+1.1×

Segments

By segment

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Reportable Segment$2.0M+41.0%

Competitors

Profile

Anterix Inc. is the largest holder of licensed 900 MHz spectrum in the United States, providing critical infrastructure connectivity solutions. The company enables utility and critical infrastructure enterprises to deploy private broadband networks to enhance grid resilience and digital transformation. Its business model has evolved from spectrum leasing to a comprehensive operating model that includes spectrum sales, clearing, and managed connectivity services.

Competitive position

Anterix holds a dominant position as the largest nationwide holder of 900 MHz spectrum, acting as a specialized provider for the utility sector's private broadband needs.

GeographiesUnited States, Puerto Rico
Customer segmentsUtilities, Energy Sector, Critical Infrastructure
Business modelAsset Monetization, Subscription Services, Managed Services, Licensing
SuppliersFCC (Regulatory Licensing), Spectrum Incumbents (Retuning/Clearing), Tower Infrastructure Providers
CustomersInvestor-Owned Utilities, Municipal Utilities, Industrial Infrastructure Operators
Listed2015
Employees86.0
CEOScott A. Lang
FilingsSEC EDGAR

FAQ

What is Anterix's market cap?
Anterix (ATEX) has a market capitalization of $2.0B and trades on NASDAQ.
What is Anterix's revenue and profitability?
Anterix generated $6.5M in trailing twelve-month revenue with net income of $90.6M, representing a net margin of 1394.2%. Gross margin stands at -105.3%, with free cash flow of -$17.1M. These figures are based on the Q1 2026 filing.
Who are Anterix's competitors?
Anterix's key competitors include AT&T Inc., Verizon Communications Inc., T-Mobile US, Inc., and others. These companies compete in similar markets and product categories.
Who does Anterix partner with?
Anterix's notable partners include CPS Energy, Texas-New Mexico Power, NorthWestern Energy, and others.
Where is Anterix headquartered?
Anterix is headquartered in United States of America and employs approximately 86 people. It has been publicly traded since 2015.