Anterix Inc. (ATEX) AI Stock Summary

Snapshot

Anterix is a spectrum licensing company trading at a rich valuation relative to its current revenue. FY 2026 revenue was $6.5 million, up 7.8 percent year over year, while the business posted a $90.6 million net profit. That profit was not from operations. It came from a one-time $140 million gain on spectrum asset sales. The core business actually lost $41.6 million on operations because selling and administrative costs are very high compared to revenue. Despite the operating loss, the company generated $5.5 million in free cash flow and holds a comfortable $98.5 million in cash against $4.4 million in debt.

What's Happening Right Now

• Tue 16th Jun '26 · Business update: Anterix executives stated utility demand for licensed spectrum accelerated late in fiscal 2026, with talks shifting to deployment.
• Wed 10th Jun '26 · Earnings: Anterix reported FY 2026 net income of $90.6 million driven by $140 million in gains from spectrum asset sales, ending the year with $98.5 million in cash.
• Wed 27th May '26 · Management: Anterix appointed Kim Green-Kerr as Chief Revenue Officer to lead commercial growth for private wireless networks.
• Mon 18th May '26 · Partnership: Anterix and Lynk Global received FCC approval to test satellite direct-to-device communications on Anterix's 900 MHz spectrum.

Ownership

Institutions hold 92.9%, insiders hold 2.6%.

Bottom Line

Anterix is a bet on the future value of its 900 MHz spectrum rather than a story about current earnings. The company is burning cash on operations to secure utility contracts, but it has a strong balance sheet with nearly $100 million in cash to support that effort. The stock trades at a very high multiple of sales, which means investors are paying a premium for potential future growth that has not fully materialized yet. Recent moves like a new Chief Revenue Officer and a partnership with Lynk Global show management is actively trying to unlock that value.