Delivers year-over-year increases in revenue, operating income and Adjusted EBITDA1
Initial closing of the U.S. tower portfolio sale remains on track for Q2 2026
BEVERLY, Mass., May 06, 2026 (GLOBE NEWSWIRE) -- ATN International, Inc. (“ATN”, the “Company”, “we”, “us”, and “our”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, today reported financial results for the first quarter ended March 31, 2026. ATN’s management will host a conference call and webcast tomorrow, May 7, 2026, beginning at 10:00 a.m. Eastern time to review these results.
“As I step into this role, my priority is translating ATN’s foundational capabilities into the next stage of value creation. In my early weeks, I have been actively engaging across our operations and working closely with our leadership teams to assess the business and identify opportunities for simplification and optimization, while maintaining a disciplined approach to capital allocation,” said Naji Khoury, ATN’s Chief Executive Officer.
Mr. Khoury concluded, “I’m confident that my deep telecommunications industry experience, with a strong focus on operational and strategic execution, positions us well to build on the progress and momentum reached in the second half of 2025 and into the first quarter of 2026.”
First Quarter 2026 Operating and Financial Highlights (as compared to the First Quarter 2025)
- High-speed broadband homes passed of 523,300 expanded by 24% supported by fixed wireless deployments in late 2025
- Total high-speed broadband subscribers grew 3% to 142,500
- Revenue increased 2% to $182 million, driven by modest growth in both the international and US segments
- Operating income increased $9.0 million to $11.7 million, driven primarily by higher revenue, cost containment efforts, and lower depreciation and amortization
- Net cash provided by operating activities decreased $6.1 million, or 17%, to $29.8 million, reflecting increased working capital requirements largely due to the timing of government payments
- Adjusted EBITDA1 increased $4.3 million, or 10%, to $48.6 million
- Net Debt Ratio3 improved to 2.30x from 2.52x
“Our first-quarter results reflect solid performance across our business,” said ATN’s Chief Financial Officer, Carlos Doglioli. “The team delivered year-over-year increases in total revenue, operating income and Adjusted EBITDA, reflecting steady execution across the entire organization. Revenue increased in both our international and US segments, driven by high-value subscriber growth as well as increased carrier services and ancillary products revenues, which offset expected declines in legacy revenue streams and the loss of US government high-cost support subsidy in one of our markets.”
Mr. Doglioli added, “We continue to benefit from our cost containment initiatives, which, combined with top-line growth, supported improved profitability and margin expansion during the quarter. We remain focused on our financial priorities, including margin improvement, cash flow expansion, and further strengthening the balance sheet.”
First Quarter 2026 Financial Results
Consolidated revenues were $182.2 million, up $2.9 million, or 1.6% versus $179.3 million in the year-ago quarter. The increase was primarily driven by carrier services revenues, which were up $3.0 million, or 8.9% year-over year, reflecting an increase in the number of completed sites in the US segment and market demand in both the international and US segments. Additionally, ancillary service revenues in our international segment were up $1.7 million, or 54.3% year-over-year.
Operating income was $11.7 million, an increase of $9.0 million from the year-ago quarter. The improvement reflects the above-mentioned revenue growth, combined with lower cost of services resulting from our cost containment efforts and lower depreciation and amortization expenses.
Net loss attributable to ATN stockholders was $(2.8) million, or $(0.29) per share, versus a net loss of $(8.9) million, or $(0.69) per share, in the year-ago quarter.
Adjusted EBITDA1 was $48.6 million, up $4.3 million, or 10%, from $44.3 million in the year-ago quarter and the Adjusted EBITDA Margin1 expanded from 24.7% to 26.7% in the first quarter. The increase was primarily driven by higher revenues and lower costs.
US Tower Portfolio Sale Update4
The Company continues to expect the initial closing of the pending US tower portfolio sale to occur in the second quarter of 2026 (the “Initial Closing”) generating gross proceeds of approximately $250 to $270 million. Subsequent closings, totaling approximately $27 to $47 million, are anticipated to occur over the twelve months following the Initial Closing, subject to the achievement of specified construction and operational milestones at designated sites within the tower portfolio.
2026 Full-Year Outlook:
The Company reaffirms its previously announced financial outlook for full-year 2026 as follows:
- Adjusted EBITDA2 expected to be in the range of $190 to $200 million, excluding the impact of the pending US tower portfolio sale4
- The initial closing of the US tower portfolio sale4 is expected to occur in the second quarter of 2026, which we expect will reduce our 2026 Adjusted EBITDA2 outlook by $6 million to $8 million
- Capital expenditures are expected to be in the range of $105 to $115 million (net of reimbursable expenditures)
ATN intends to reassess and update its 2026 full-year outlook as appropriate after the initial closing of the US tower portfolio sale4.
Segment Operating Results (in Thousands)
The Company recorded financial results in three categories: (i) International Telecom; (ii) US Telecom; and (iii) Corporate and Other.
For Three Months Ended March 31, 2026 and 2025 2026 2025 2026 2025 2026 2025 2026 2025 InternationalInternational
US
USCorporate and Corporate and Total
Total
Telecom
Telecom
Telecom
TelecomOther*Other*ATN
ATN
Total Revenue:$ 96,058 $ 94,496 $ 86,160 $ 84,798 $ - $ - $ 182,218 $ 179,294 Mobility 26,359 26,041 - 39 - - 26,359 26,080 Fixed 60,587 61,365 52,081 51,659 - - 112,668 113,024 Carrier Services 4,197 3,904 31,888 29,227 - - 36,085 33,131 Construction - - - 1,046 - - - 1,046 All other 4,915 3,186 2,191 2,827 - - 7,106 6,013 Operating Income (Loss)$19,223 $14,750 $1,739 $(2,415)$(9,272)$(9,668)$11,690 $2,667 EBITDA (1)$33,038 $30,378 $18,852 $16,844 $(8,548)$(8,803)$43,342 $38,419 Adjusted EBITDA (1)$34,288 $32,390 $19,492 $17,515 $(5,163)$(5,566)$48,617 $44,339 Capital Expenditures**$8,261 $10,804 $12,756 $10,026 $- $2 $21,017 $20,832 * Corporate and Other refer to corporate overhead expenses and consolidating adjustments.
** Excludes reimbursable government capital program amounts.
Operating Metrics
2025
2025
2025
2025
Q1 2026 Q1Q4Q3Q2Q1 vs. Q1 2025 High-Speed* Broadband Homes Passed 523,300 522,900 512,300 432,300 423,700 24%High-Speed* Broadband Customers142,500 142,900 139,300 139,400 138,900 3% Fiber Route Miles12,218 12,210 12,062 11,957 11,944 2% International Mobile Subscribers Pre-Paid324,000 331,200 325,900 326,000 326,000 -1%Post-Paid62,400 61,700 61,200 60,200 59,600 5%Total386,400 392,900 387,100 386,200 385,600 0.2% Mobile Blended Churn3.86%2.97%3.19%3.09%3.32% *High-Speed Broadband is defined as download speeds 100 Mbps or greater and High-Speed Broadband Customers as subscribers connected to our high-speed networks regardless of the speed of plan selected. Note: Data presented may differ from prior periods to reflect more accurate data and/or changes in calculation methodology and process.
Balance Sheet and Cash Flow Highlights
As of March 31, 2026, cash, cash equivalents, and restricted cash totaled $123.5 million versus $117.2 million as of December 31, 2025. Total debt was $570.2 million on March 31, 2026, compared to $565.2 million on December 31, 2025. The Company’s Net Debt Ratio3 was 2.30x on March 31, 2026.
Net cash provided by operating activities was $29.8 million for the quarter ending March 31, 2026, compared to net cash provided by operating activities of $35.9 million in the same period last year. The year-over-year decrease is primarily due to higher working capital requirements largely due to the timing of government payments.
Capital expenditures were $21.0 million, net of $13.5 million of reimbursable capital expenditures, for the quarter ended March 31, 2026, as compared to $20.8 million, net of $22.4 million of reimbursable capital expenditures, in the same period last year.
Quarterly Dividends and Share Repurchases
On April 10, 2026, the Company paid a quarterly dividend of $0.275 per share, on all shares of common stock outstanding to stockholders of record as of March 31, 2026.
The Company did not repurchase any shares during the first quarter ended March 31, 2026.
2026 First Quarter Earnings Conference Call
The Company will host a conference call at 10:00 a.m. Eastern Time on Thursday, May 7, 2026, to discuss financial and operating results for the first quarter ended March 31, 2026. A live webcast of the conference call will be available via this webcast link: https://edge.media-server.com/mmc/p/5wkpr8dz
Investors can listen to a live audio webcast of the conference call by either visiting the “Webcast Link” above or the "Events & Presentations" section of the Company's Investor Relations website at https://ir.atni.com/events-and-presentations. A conference call replay will be available at the same locations beginning at approximately 1:00 p.m. Eastern Time on the same day. The Company also will provide an investor presentation as a supplement to the call on the “Events & Presentations” section of its Investor Relations website
1 EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures. Please see “Use of Non-GAAP Financial Measures” below for full definitions of EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin, and see Table 5 for reconciliations of Operating Income to EBITDA and Operating Income to Adjusted EBITDA, non-GAAP measures.
2 For the Company’s Adjusted EBITDA guidance, the Company is not able to provide without unreasonable effort the most directly comparable GAAP financial measures, or reconciliations to such GAAP financial measures, on a forward-looking basis. Please see “Use of Non-GAAP Financial Measures” below for a description of items excluded from the Company’s expected Adjusted EBITDA.
3 Net Debt and Net Debt Ratio are Non-GAAP financial measures. Please see “Use of Non-GAAP Financial Measures” below for full definitions of Net Debt and Net Debt Ratio and see Table 5 for reconciliations of Operating Income to Adjusted EBITDA and Table 6 for the reconciliations of Total Debt to Net Debt.
4 As previously disclosed, on February 11, 2026, certain subsidiaries of the Company entered into that certain Purchase and Sale Agreement with EIP Holdings, IV, LLC, an affiliate of Everest Infrastructure Partners, Inc., to sell approximately 214 tower portfolio sites in the southwest US for up to $297 million in cash consideration (the “US tower portfolio sale”).
About ATN
ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a leading provider of digital infrastructure and communications services for all. The Company operates in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets with a growing demand for infrastructure investments. The Company’s operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential, business, and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities. For more information, please visit www.atni.com.
Use of Non-GAAP Financial Measures and Definition of Terms
In addition to financial measures prepared in accordance with generally accepted accounting principles (“GAAP”), this press release also contains non-GAAP financial measures. Specifically, the Company has included EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt, and Net Debt Ratio in this release and the tables included herein.
EBITDA is defined as Operating income (loss) before depreciation and amortization expense.
Adjusted EBITDA is defined as Operating income (loss) before depreciation and amortization expense, transaction-related charges, restructuring and reorganization expenses, the loss on dispositions, transfers and contingent consideration, and non-cash stock-based compensation.
Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by total revenue
Net Debt is defined as total debt less cash and cash equivalents and restricted cash.
Net Debt Ratio is defined as Net Debt divided by the trailing four quarters ended total Adjusted EBITDA at the measurement date.
The Company believes that the inclusion of these non-GAAP financial measures helps investors gain a meaningful understanding of the Company's core operating results and enhances the usefulness of comparing such performance with prior periods. Management uses these non-GAAP measures, in addition to GAAP financial measures, as the basis for measuring the Company’s core operating performance and comparing such performance to that of prior periods. The non-GAAP financial measures included in this press release are not meant to be considered superior to or a substitute for results of operations prepared in accordance with GAAP and should be used supplementally to the Company’s GAAP financial results. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in the text of, and the accompanying tables to, this press release. While non-GAAP financial measures are an important tool for financial and operational decision-making and for evaluating the Company’s own operating results over different periods of time, the Company urges investors to review the reconciliations of these financial measures to the comparable GAAP financial measures included below, and not to rely on any single financial measure to evaluate its business. Additionally, these non-GAAP financial measures may not be calculated in the same manner as similar measures presented by other companies. In addition, the forward-looking Adjusted EBITDA for the full-year 2026 excludes potential charges or gains that may be recorded during the fiscal year, including among other things such as restructuring and reorganization expenses, transaction-related expenses and gains or losses on dispositions, transfers and contingent consideration. The Company has not attempted to provide reconciliations of such forward-looking non-GAAP earnings guidance to the comparable GAAP measure, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K, because of the impact and timing of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without reasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items could have a substantial impact on GAAP measures of the Company’s financial performance.
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements relating to, among other matters, the Company’s future financial performance, business goals and objectives, and results of operations, its future revenues, operating income, cash flows, network and operating costs, Adjusted EBITDA, and capital investments; the closing of the pending US tower portfolio transaction and the timing thereof; the Company’s liquidity; receipt of certain government grants; and management’s plans and strategy for the future. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events or results. Actual future events and results could differ materially from the events and results indicated in these statements as a result of many factors, including, among others: (1) the general performance of the Company’s operations, including operating margins, revenues, capital expenditures, the impact of cost savings initiatives, and the retention of and future growth of the Company’s subscriber base and average revenue per user; (2) our ability to receive the requisite regulatory consents and approvals and satisfy other conditions to complete the pending US tower portfolio sale and realize the benefits thereof; (3) government regulation of the Company’s businesses, which may impact the Company’s telecommunications licenses, the Company’s revenue and the Company’s operating costs; (4) the timeliness, availability and administration of government program funding, permitting and approvals during any US government shutdown; (5) the impact (if any) of geopolitical instability and U.S. military presence in the Caribbean; (6) management transitions, and the loss of, or an inability to recruit skilled personnel in the Company’s various jurisdictions, including key members of management; (7) the Company’s reliance on a limited number of key suppliers and vendors for timely and cost-effective supply of equipment and services relating to the Company’s network infrastructure; (8) the Company’s ability to satisfy the needs and demands of the Company’s major carrier customers; (9) the Company’s ability to realize expansion plans for its fiber markets; (10) the adequacy and expansion capabilities of the Company’s network capacity and customer service system to support the Company’s customer growth; (11) the Company’s ability to efficiently and cost-effectively upgrade the Company’s networks and information technology platforms to address rapid and significant technological changes in the telecommunications industry; (12) the Company’s continued access to capital and credit markets on terms it deems favorable; (13) the Company’s ability to successfully replace revenue declines in its US Telecom businesses as a result of the pending US tower portfolio sale through carrier, enterprise broadband, and consumer-based broadband services; (14) ongoing risk of an economic downturn, political, geopolitical and other risks and opportunities impacting the Company’s operations, including those resulting from changes and uncertainties related to trade policies and tariff regulations, financial market volatility and disruption, uncertain economic conditions in the U.S. and abroad, inflationary concerns, and other macroeconomic headwinds including increased costs and supply chain disruptions; (15) with respect to the use of proceeds resulting from the US tower portfolio sale, the timing, manner and extent to which such proceeds are deployed may be affected by future market conditions, potential changes in tax laws and the Company's ability to develop corporate investment and strategic opportunities; (16) the occurrence of weather events and natural catastrophes and the Company’s ability to secure the appropriate level of insurance coverage for these assets; and (17) increased competition. These and other additional factors that may cause actual future events and results to differ materially from the events and results indicated in the forward-looking statements above are set forth more fully under Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 16, 2026 and the other reports the Company files from time to time with the SEC. The Company undertakes no obligation and has no intention to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors that may affect such forward-looking statements, except as required by applicable law.
Company Contact:Michele Satrowsky
SVP, Head of IR & Treasury
ATN International Inc.
[email protected]Investor Relations Contact:
Joe Noyons or Kelley Buchhorn
Three Part Advisors, LLC
[email protected];
[email protected]
ATN International, Inc. Unaudited Condensed Consolidated Balance Sheets (in Thousands) March 31,
December 31,
2026 2025 Assets: Cash and cash equivalents$108,831 $102,491 Restricted cash 14,659 14,663 Customer receivable 9,365 8,783 Assets held-for-sale 8,600 11,200 Other current assets 193,670 190,739 Total current assets 335,125 327,876 Property, plant and equipment, net 954,823 991,767 Operating lease right-of-use assets 92,206 98,158 Customer receivable - long term 32,333 35,128 Assets held-for-sale, net of current portion 39,313 - Goodwill and other intangible assets, net 117,356 117,770 Other assets 103,497 102,555 Total assets$1,674,653 $1,673,254 Liabilities, redeemable non-controlling interests and stockholders’ equity: Current portion of long-term debt$21,623 $15,846 Current portion of customer receivable credit facility 8,892 8,784 Taxes payable 11,306 7,596 Current portion of lease liabilities 14,095 13,891 Liabilities held-for-sale 1,250 - Other current liabilities 219,729 216,982 Total current liabilities 276,895 263,099 Long-term debt, net of current portion$548,537 $549,321 Customer receivable credit facility, net of current portion 28,513 30,834 Lease liabilities 70,935 75,277 Liabilities held-for-sale, net of current portion 6,101 - Other long-term liabilities 109,682 113,923 Total liabilities 1,040,663 1,032,454 Redeemable non-controlling interests 88,415 86,821 Stockholders' equity: Total ATN International, Inc.’s stockholders’ equity 433,579 444,292 Non-controlling interests 111,996 109,687 Total stockholders' equity 545,575 553,979 Total liabilities, redeemable non-controlling interests and stockholders’ equity$1,674,653 $1,673,254
ATN International, Inc.Unaudited Condensed Consolidated Statements of Operations(in Thousands, Except per Share Data) Three Months Ended,March 31, 2026 2025 Revenues: Communications services$178,458 $174,031 Construction - 1,046 Other 3,761 4,217 Total revenue 182,219 179,294 Operating expenses (excluding depreciation and amortization unless otherwise indicated): Cost of services and other 77,426 78,224 Cost of construction revenue - 1,501 Selling, general and administrative 56,176 55,228 Stock-based compensation 1,935 1,905 Transaction-related charges 833 1,436 Restructuring and reorganization expenses 1,725 1,830 Depreciation 31,156 34,527 Amortization of intangibles from acquisitions 496 1,226 Loss on dispositions, transfers and contingent consideration 782 750 Total operating expenses 170,529 176,627 Operating income 11,690 2,667 Other expense: Interest expense, net (10,346) (11,678)Other expense (3,232) (2,568)Other expense (13,578) (14,246) Loss before income taxes (1,888) (11,579)Income tax expense (benefit) 1,586 (192) Net loss (3,474) (11,387) Net loss attributable to non-controlling interests, net 677 2,459 Net loss attributable to ATN International, Inc. stockholders$(2,797) $(8,928) Net loss per weighted average share attributable to ATN International, Inc. stockholders: Basic$(0.29) $(0.69) Diluted$(0.29) $(0.69) Weighted average common shares outstanding: Basic 15,283 15,131 Diluted 15,283 15,131
ATN International, Inc.
Selected Segment Financial Information
(In Thousands)
For the three months ended March 31, 2026 is as follows:
International Telecom US Telecom Corporate and Other *Total
Statement of Operations Data: Revenue Mobility Business$5,176 $- $- $5,176 Consumer 21,183 - - 21,183 Total$26,359 $- $- $26,359 Fixed Business$18,747 $29,927 $- $48,674 Consumer 41,840 22,154 - 63,994 Total$60,587 $52,081 $- $112,668 Carrier Services$4,197 $31,888 $- $36,085 Other 3,194 151 - 3,345 Total Communications Services$94,337 $84,120 $- $178,457 Construction$- $- $- $- Managed services$1,721 $2,040 $- $3,761 Total Other $1,721 $2,040 $- $3,761 Total Revenue$96,058 $86,160 $- $182,218 Depreciation$13,574 $16,858 $724 $31,156 Amortization of intangibles from acquisitions$241 $255 $- $496 Total operating expenses$76,835 $84,421 $9,272 $170,528 Operating income (loss)$19,223 $1,739 $(9,272)$11,690 Net (income) loss attributable to non-controlling interests$(2,606)$3,283 $- $677 Non GAAP measures: EBITDA (2)$33,038 $18,852 $(8,548)$43,342 Adjusted EBITDA (1)$34,288 $19,492 $(5,163)$48,617 Balance Sheet Data (at March 31, 2026): Cash, cash equivalents and restricted cash$90,904 $32,110 $476 $123,490 Total current assets 179,405 136,978 18,742 335,125 Fixed assets, net 444,678 503,235 6,910 954,823 Total assets 707,281 878,236 89,136 1,674,653 Total current liabilities 109,039 120,212 47,644 276,895 Total debt, including current portion 61,943 335,622 172,596 570,161 * Corporate and Other refer to corporate overhead expenses and consolidating adjustments
Table 4 (continued)
ATN International, Inc. Selected Segment Financial Information (In Thousands) For the three months ended March 31, 2025 is as follows:
International Telecom US Telecom Corporate and Other *Total
Statement of Operations Data: Revenue Mobility Business$4,849 $39 $- $4,888 Consumer 21,192 - - 21,192 Total$26,041 $39 $- $26,080 Fixed Business$18,493 $29,244 $- $47,737 Consumer 42,872 22,415 - 65,287 Total$61,365 $51,659 $- $113,024 Carrier Services$3,904 $29,227 $- $33,131 Other 1,740 56 - 1,796 Total Communications Services$93,050 $80,981 $- $174,031 Construction$- $1,046 $- $1,046 Managed services$1,446 $2,771 $- $4,217 Total Other $1,446 $2,771 $- $4,217 Total Revenue$94,496 $84,798 $- $179,294 Depreciation$15,377 $18,284 $865 $34,526 Amortization of intangibles from acquisitions$251 $975 $- $1,226 Total operating expenses$79,746 $87,213 $9,668 $176,627 Operating income (loss)$14,750 $(2,415)$(9,668)$2,667 Net (income) loss attributable to non-controlling interests$(1,474)$3,933 $- $2,459 Non GAAP measures: EBITDA (2)$30,378 $16,844 $(8,803)$38,419 Adjusted EBITDA (1)$32,390 $17,515 $(5,566)$44,339 Balance Sheet Data (at December 31, 2025): Cash, cash equivalents and restricted cash$79,165 $35,915 $2,074 $117,154 Total current assets 165,341 141,592 20,943 327,876 Fixed assets, net 451,303 533,443 7,021 991,767 Total assets 701,579 881,968 89,707 1,673,254 Total current liabilities 97,305 120,535 45,259 263,099 Total debt, including current portion 59,952 329,036 176,180 565,168 (1) See Table 5 for reconciliation of Operating Income to Adjusted EBITDA
(2) See Table 5 for reconciliation of Operating Income to EBITDA
* Corporate and Other refer to corporate overhead expenses and consolidating adjustments
ATN International, Inc.Reconciliation of Non-GAAP Measures(In Thousands) For the three months ended March 31, 2026 is as follows: International Telecom US Telecom Corporate and Other *Total Operating income (loss)$19,223 $1,739 $(9,272)$11,690 Depreciation expense 13,574 16,858 724 31,156 Amortization of intangibles from acquisitions 241 255 - 496 EBITDA$ 33,038 $ 18,852 $ (8,548)$ 43,342 Stock-based compensation 127 28 1,780 1,935 Transaction-related charges - 17 816 833 Restructuring and reorganization expenses 745 191 789 1,725 Loss on dispositions, transfers and contingent consideration 378 404 - 782 ADJUSTED EBITDA$ 34,288 $ 19,492 $ (5,163)$ 48,617 Total revenue$96,058 $86,160 $- $182,218 ADJUSTED EBITDA MARGIN
35.7
%
22.6% NA 26.7% For the three months March 31, 2025 is as follows: International Telecom US Telecom Corporate and Other *Total Operating income (loss)$14,750 $(2,415)$(9,668)$2,667 Depreciation expense 15,377 18,284 865 34,526 Amortization of intangibles from acquisitions 251 975 - 1,226 EBITDA$ 30,378 $ 16,844 $ (8,803)$ 38,419 Stock-based compensation 215 78 1,611 1,904 Transaction-related charges - - 1,436 1,436 Restructuring and reorganization expenses 1,506 134 190 1,830 Loss on dispositions, transfers and contingent consideration 291 459 - 750 ADJUSTED EBITDA$ 32,390 $ 17,515 $ (5,566)$ 44,339 Total revenue$94,496 $84,798 $- $179,294 ADJUSTED EBITDA MARGIN 34.3% 20.7% NA 24.7%
ATN International, Inc.Non GAAP Measure - Net Debt Ratio(in Thousands) March 31,
December 31, 2026 2025 Current portion of long-term debt *$21,623 $15,846 Long-term debt, net of current portion * 548,537 549,321 Total debt$570,160 $565,167 Less: Cash, cash equivalents and restricted cash 123,490 117,154 Net Debt$446,670 $448,013 Adjusted EBITDA - for the four quarters ended$194,324 $190,044 Net Debt Ratio 2.30 2.36 * Excludes Customer receivable credit facility