NASDAQ$ATEX

Anterix Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Anterix Inc. reported its third quarter fiscal year 2025 results, showing a net income of $7.71 million and an EPS of $0.41.

Anterix Inc. reported a net income of $7.71 million for the third quarter of fiscal year 2025, with an EPS of $0.41. The company's cash and cash equivalents stood at $28.8 million. Operating expenses were $15.287 million, and the company initiated a strategic review process.

  • Net income for Q3 FY2025 was $7.71 million, a significant increase from $0.328 million in the same period last year.
  • Cash and cash equivalents were $28.8 million as of December 31, 2024.
  • The company initiated a strategic review process in February 2025 after receiving inbound interest.
  • Anterix plans a projected operating expenses run rate reduction of approximately 20% for fiscal 2026.

Headline financials

Total Revenue

$1.57M

Previous: $1.27M+23.2%
EPS (adj)

$0.41

Previous: $0.02+1950.0%
Shares Repurchased

132.0K

Previous: 230.0K-42.6%
Average Price Paid Per Share

$33.59

Previous: $34.77-3.4%
Total Cost to Repurchase

$4.42M

Previous: $7.97M-44.6%
Capital Expenditures

-$41K

Previous: -$267K+84.6%
Net Income

$7.71M

Previous: $328K+2250.6%
Operating Income

$7.03M

Previous: $969K+625.7%
Gross Profit

$1.42M

Previous: $1.27M+12.0%
R&D Expense

$1.12M

Previous: $1.24M-9.5%

Revenue & EPS history

Anterix · Revenue · Quarterly

$1.57M

Q3 2025+23.2%vs Q3 2024
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Revenue by segment

Anterix · $1.96M total across 1 segment · Q4 2026

  • Spectrum Revenue
    $1.96M

Forward guidance

Anterix anticipates a reduction in operating expenses for fiscal 2026 and continues to pursue contract opportunities, while also undergoing a strategic review process.

Tailwinds

  • Projected operating expenses run rate reduction of approximately 20% planned for fiscal 2026.
  • Approximately $3 billion pipeline of prospective contract opportunities across 60+ potential customers.
  • Authorized share repurchase program for up to $250.0 million of common stock on or before September 21, 2026.
  • Industry engagement initiative announced in February 2025 to accelerate private wireless broadband opportunity.
  • Strategic review process initiated in February 2025 after receiving inbound interest in the Company.

Headwinds

  • The timing of payments under customer agreements could differ from expectations.
  • Anterix's ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms is subject to assumptions.
  • Anterix's ability to qualify for and timely secure broadband licenses could be impacted by unforeseen factors.
  • The timing and outcome of Anterix's strategic review process are uncertain.
  • Competition in the market for spectrum and spectrum solutions offered by Anterix could affect future results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+2.3%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+1.5%

Avg return

30 days after

52%

24 / 46 earnings

Positive

+26.0%

Q4 2026

Best reaction

-8.0%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+26.0%+20.2%
Q3 2026+3.1%+10.7%+28.5%
Q2 2026+13.3%+18.2%+25.3%
Q1 2026-4.6%-0.8%-5.9%
Q4 2025-1.4%-2.8%-6.5%
Q3 2025-0.7%+15.2%+5.0%
Q2 2025-5.5%-2.1%-0.8%
Q1 2025-0.2%+2.8%-1.8%
Q4 2024+16.1%+25.7%+28.9%
Q3 2024+23.1%+26.1%+12.8%
Q2 2024+4.6%+7.6%+18.3%
Q1 2024+2.7%+7.7%+16.3%
Q4 2023+9.0%+3.4%-8.1%
Q3 2023-5.3%-5.8%-19.1%
Q2 2023+10.5%+10.5%-1.3%
Q1 2023+1.7%+6.9%-11.0%
Q4 2022-4.4%-10.1%-12.3%
Q3 2022+9.9%+16.0%+15.8%
Q2 2022-3.5%-3.2%-7.7%
Q1 2022-5.6%-7.4%-0.6%
Q4 2021-0.1%+19.3%+16.7%
Q3 2021-0.1%+3.4%+20.1%
Q2 2021+0.3%-10.9%-9.6%
Q1 2021+3.2%+1.0%-5.0%
Q4 2020-0.6%-1.8%-16.1%
Q3 2020+2.7%+0.6%-29.1%
Q2 2020+6.4%+2.8%+0.3%
Q1 2020-2.2%-9.6%-15.2%
Q4 2019+4.3%+20.5%+13.1%
Q3 2019+2.9%+2.7%-8.8%
Q2 2019+1.5%-6.0%-10.3%
Q1 2019+2.6%+2.5%-3.0%
Q4 2018-4.3%-3.9%-2.1%
Q3 2018+1.7%-6.5%+10.5%
Q2 2018-0.7%-2.3%+5.5%
Q1 2018+5.9%+0.5%+3.6%
Q4 2017+0.2%+2.0%-6.1%
Q3 2017+3.7%-0.2%+6.2%
Q2 2017-4.8%+0.9%+0.4%
Q1 2017-3.6%-6.8%+0.6%
Q4 2016-8.0%+1.1%+14.1%
Q3 2016-1.5%
Q2 2016-3.9%
Q1 2016+14.3%
Q4 2015-4.9%
Q3 2015+0.0%
Q2 2015
Q1 2015
Q4 2014
Q3 2013
Q2 2013
Q1 2013

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