Monitor the closing of the $297M US tower portfolio sale in Q2 2026, which will impact EBITDA and debt levels. The stable Adjusted EBITDA and narrowing losses suggest improving operational efficiency, but lack of revenue growth limits bullish momentum. Reassess guidance post-transaction close.
Price Chart
Executive Summary
ATN International reported Q4 and full-year 2025 results with modest revenue growth (2% YoY to $184.2M) and an 8% increase in Adjusted EBITDA to $50.0M. Full-year Adjusted EBITDA rose 3% to $190.0M, while net loss narrowed to $(14.9)M. The company maintained its 2026 Adjusted EBITDA guidance of $190M–$200M, excluding a potential $6M–$8M reduction from the pending $297M US tower portfolio sale expected in Q2 2026.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $184.2M (+2% YoY); full-year revenue: $728.0M (flat YoY)
- Q4 Adjusted EBITDA: $50.0M (+8% YoY); full-year Adjusted EBITDA: $190.0M (+3% YoY)
- Full-year net loss: $(14.9)M vs. $(26.4)M in 2024; Q4 net loss: $(3.3)M vs. net income of $3.6M in prior year
- US tower portfolio sale of 214 sites to EIP Holdings for up to $297M expected to close in Q2 2026
- 2026 Adjusted EBITDA guidance: $190M–$200M, potentially reduced by $6M–$8M post-sale
- Capital expenditures for 2026 expected between $105M–$115M (net of reimbursable)
Financial Impact
Modest improvement in core profitability with 3% annual Adjusted EBITDA growth and stronger operating income ($28.4M vs. $-0.8M loss in 2024), though headline net loss remains. Pending $297M tower sale may reduce 2026 EBITDA by $6M–$8M.
Risk Factors
- Potential $6M–$8M reduction in 2026 Adjusted EBITDA from tower sale
- Flat full-year revenue growth and ongoing net losses despite EBITDA improvements
- Execution risk in deploying proceeds from asset sales into growth opportunities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249753 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $25.91 | awaiting T+20 | — | $26.01 (+0.41%) |
Sep 23, 2026 4w ago | Press Release | $29.14 $26.23 | ▼ −9.99% | ▼ −9.57% | $26.01 (−10.72%) |
Sep 18, 2026 5w ago | Insider Cluster | $29.36 $25.25 | ▼ −14.01% | ▼ −13.10% | $26.01 (−11.40%) |
Sep 18, 2026 5w ago | SC 13D/A | $28.43 $25.75 | ▼ −9.44% | ▼ −9.64% | $26.01 (−8.50%) |
Sep 4, 2026 7w ago | Insider Cluster | $30.93 $28.10 | ▼ −9.15% | ▼ −9.75% | $26.01 (−15.89%) |
Sep 2, 2026 7w ago | Insider Cluster | $30.91 $28.04 | ▼ −9.29% | ▼ −9.13% | $26.01 (−15.84%) |
Aug 26, 2026 8w ago | Insider Cluster | $29.69 $29.14 | ▼ −1.85% | ▼ −1.34% | $26.01 (−12.38%) |
Aug 19, 2026 9w ago | Insider Cluster | $31.14 $28.73 | ▼ −7.74% | ▼ −7.62% | $26.01 (−16.46%) |
Aug 17, 2026 10w ago | Insider Cluster | $31.10 $29.45 | ▼ −5.28% | ▼ −3.54% | $26.01 (−16.34%) |
Aug 12, 2026 10w ago | Insider Cluster | $31.87 $30.32 | ▼ −4.86% | ▼ −3.12% | $26.01 (−18.37%) |
US Market Status
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