# Anterix Inc. (ATEX)

> Source: Nexqual · https://nexqual.com/ATEX · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Anterix Inc. (ATEX), nexqual.com/ATEX" · informational, not investment advice.

**Price:** USD 91.81 (+4.39% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 87.95 · day 86.71–91.98 · 52w 17.58–113 · market cap $1.80B · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $7.0M, net income $65.7M (933.0% margin), free cash flow $10.6M (SEC filings).
- Valuation: P/E 27.4x (avg 7.9x at the last 1 fiscal year-ends).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 112.33 (range 86–130).
- Total return with dividends: 1Y +349.2% vs S&P 500 +14.8%; 5Y +43.2% vs S&P 500 +79.1%.
- Next earnings: 2026-11-10, EPS estimate USD -0.28, revenue estimate $2.0M. All companies reporting that day: https://nexqual.com/earnings/2026-11-10
- Dividend: ATEX paid no cash dividend in the last five years.
- Short interest: 13.70% of float (as of 2026-10-15), 5.7 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.9M | $4.2M | $6.0M | $6.5M | $7.0M |
| Gross profit | $1.1M | $1.9M | — | — | — | — |
| Operating income | -$36.8M | -$16.5M | -$10.1M | -$11.7M | $93.9M | $71.2M |
| Net income | -$37.5M | -$16.3M | -$9.1M | -$11.4M | $90.6M | $65.7M |
| EPS (diluted) | -$2.07 | -$0.87 | -$0.49 | -$0.61 | $4.83 | — |
| Free cash flow | $16.9M | -$29.4M | $41.7M | -$29.4M | $5.5M | $10.6M |
| Gross margin | 99.5% | 100.0% | — | — | — | — |
| Operating margin | -3399.3% | -857.8% | -241.5% | -194.2% | 1444.9% | 1011.3% |
| Net margin | -3461.2% | -850.3% | -217.8% | -188.6% | 1394.2% | 933.0% |
| Revenue growth | +17.7% | +77.0% | +118.4% | +43.9% | +7.8% | — |
| Cash + short-term investments | $106M | $43.2M | $60.6M | $47.4M | $98.5M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 27.4x · P/S 255.7x · P/FCF 169.4x · P/B 6.3x · FCF yield 0.59% · Earnings yield 3.65%
P/E at fiscal year-ends: Mar 2026 7.9x.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 112.33 (low 86, high 130).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-13 | JP Morgan | Target lowered | Overweight | $133 → $130 |
| 2026-07-20 | JP Morgan | Target raised | Overweight | $50 → $133 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +349.2% | +43.2% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +353.4% | +7.4% |
| Volatility (annualized) | 63.3% | 48.1% |
| Max drawdown | -32.4% (Jul 2026→Oct 2026) | -71.9% (Oct 2021→Nov 2025) |

## Dividends
ATEX paid no cash dividend in the last five years.

## Short interest
1,659,977 shares sold short, 13.70% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,647,665 shares (+0.7%). Days to cover: 5.7 (short shares ÷ average daily volume).

## Peers (Telecom Services)
SKM (SK Telecom Co., Ltd.) USD 31.12 -2.20% · TIGO (Millicom International Cellular) USD 79.9 +0.30% · TU (Telus Corporation) USD 8.67 +1.40% · CHTR (Charter Communications, Inc.) USD 109 +3.43% · RCI (Rogers Communication, Inc.) USD 31.47 +0.54% · VIV (Telefonica Brasil S.A.) USD 11.44 +0.18%

## More
Full page: https://nexqual.com/ATEX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.28 | $-0.23 | −$0.05 | $2.0M | 3 |
| Next quarter (ends 2026-12-31) | $-0.21 | $-0.23 | +$0.01 | $2.0M | 3 |
| Current fiscal year (ends 2027-03-31) | $-1.11 | $-1.33 | +$0.21 | $20.8M | 2 |
| Next fiscal year (ends 2028-03-31) | $-0.59 | $0.00 | −$0.59 | $17.8M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-10): ±17.3%; last 8 reports averaged ±10.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 85.0% | ±17.3% |
| 2026-12-18 | 50 | 74.9% | ±22.5% |
| 2027-01-15 | 78 | 71.5% | ±26.7% |
| 2027-02-19 | 113 | 73.1% | ±32.6% |
| 2027-05-21 | 204 | 70.5% | ±41.7% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 11, 2026 | Quarter ended Jun 30, 2026 | $0.01 | −$0.17 | Beat +$0.18 | -4.3% |
| Jun 10, 2026 | Quarter ended Mar 31, 2026 | $0.98 | $1.37 | Miss −28.5% | +26.2% |
| Feb 11, 2026 | Quarter ended Dec 31, 2025 | −$0.35 | −$0.55 | Beat +36.4% | +1.6% |
| Nov 12, 2025 | Quarter ended Sep 30, 2025 | $2.86 | −$0.60 | Beat +$3.46 | +15.9% |
| Aug 12, 2025 | — | — | — | — | +2.1% |
| Jun 24, 2025 | — | — | — | — | -5.5% |
| Feb 11, 2025 | — | — | — | — | +25.9% |
| Nov 13, 2024 | — | — | — | — | -5.5% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-27 | Schedule 13G/A | BlackRock, Inc.: 4.7% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1304492/000201238326003753/0002012383-26-003753-index.htm |
| 2026-09-18 | 8-K | Other material event — “On September 16, 2026, the Board of Directors of Anterix Inc. (the "Company") authorized a share repurchase program (the "Share Repurchase Program") to be effective starting September 22, 2026 following the expiration of the Company's previous share repurchase program on September 21, 2026. Pursuant to the Share Repurchase Program, the Company may repurchase up to $250,000,000 of the Company's common stock, $0.0001 par value per share ("Common Stock"), on or before September 22, 2029. The Company may repurchase…” | https://www.sec.gov/Archives/edgar/data/1304492/000130449226000053/0001304492-26-000053-index.htm |
| 2026-08-11 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1304492/000130449226000046/0001304492-26-000046-index.htm |
| 2026-08-11 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1304492/000130449226000045/0001304492-26-000045-index.htm |
| 2026-08-06 | 8-K | Director or executive officer change, or pay arrangement; Shareholder vote results — “On August 4, 2026, the stockholders of Anterix Inc. (the " Company ") approved Amendment No. 2 (the " Plan Amendment ") to the Anterix Inc. 2023 Stock Plan (the " 2023 Plan ") at the Company's 2026 Annual Meeting of Stockholders (the " Annual Meeting "). The Plan Amendment, which had been previously adopted by the Company's Board of Directors on June 22, 2026, increases the number of shares of common stock (the " Common Stock ") available for issuance under the 2023 Plan by 1.0 million shares. The foregoing…” | https://www.sec.gov/Archives/edgar/data/1304492/000130449226000041/0001304492-26-000041-index.htm |
| 2026-07-27 | Schedule 13G | BlackRock, Inc.: 5.1% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1304492/000201238326002181/0002012383-26-002181-index.htm |
| 2026-07-17 | DEFA14A | Additional proxy material | https://www.sec.gov/Archives/edgar/data/1304492/000130449226000038/0001304492-26-000038-index.htm |
| 2026-07-08 | Schedule 13D/A | Owl Creek Asset Management, L.P., Jeffrey A. Altman: 28.5% of shares, 5%+ holder that may seek to influence the company (amended) | https://www.sec.gov/Archives/edgar/data/1304492/000090266426003041/0000902664-26-003041-index.htm |
| 2026-07-08 | Schedule 13G | T. Rowe Price Investment Management, Inc.: 12.0% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1304492/000189761226000524/0001897612-26-000524-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.