SBA Communications Corporation (SBAC) Financial Statements (2026 and earlier)

Company Profile

Business Address 8051 CONGRESS AVENUE
BOCA RATON, FL 33487
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments271444210145367309
Cash and cash equivalent265190209144367309
Short-term investments725511  
Restricted cash and investments1681,20738426632
Receivables23626518518410274
Prepaid expense2913911118
Contract with customer, asset, after allowance for credit loss281916804935
Other current assets352319181611
Other undisclosed current assets777335
Total current assets:7731,979484483614473
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization      4
Operating lease, right-of-use asset2,5402,2922,2412,3822,2682,369
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization3,4022,7922,7122,7142,5752,677
Intangible asset, including goodwill, after accumulated amortization2,8822,3892,4562,7762,8033,156
Intangible asset, excluding goodwill, after accumulated amortization2,8822,3892,4562,7762,8033,156
Other noncurrent assets652657812722576478
Other undisclosed noncurrent assets1,3251,3081,4741,508964 
Total noncurrent assets:10,8029,4399,69410,1029,1878,685
TOTAL ASSETS:11,57511,41710,17810,5859,8029,158
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities167142135153151227
Interest and dividends payable✕✕✕✕✕4954
Accounts payable7360425134110
Accrued liabilities9482931016863
Deferred revenue117127236155184113
Debt1,9381,189645262625
Other liabilities941819491814
Other undisclosed current liabilities362322329314237235
Total current liabilities:2,6781,7981,363697616615
Noncurrent Liabilities
Long-term debt and lease obligation10,96912,40611,68412,84714,26013,166
Long-term debt, excluding current maturities10,96412,40411,68112,84412,27911,072
Finance lease, liability 423322
Liabilities, other than long-term debt2,7032,2692,2672,286191186
Other liabilities588368404248191186
Operating lease, liability 2,1151,9021,8632,0371,9792,092
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:13,67214,67513,95115,13314,45213,352
Total liabilities:16,35016,47315,31415,83015,06813,967
Temporary equity, including noncontrolling interest785435321715
Equity
Equity, attributable to parent(4,854)(5,110)(5,171)(5,276)(5,283)(4,824)
Common stock111111
Additional paid in capital3,0592,9752,8942,7952,6812,586
Accumulated other comprehensive loss(664)(760)(615)(591)(762)(808)
Accumulated deficit(7,250)(7,326)(7,451)(7,482)(7,204)(6,604)
Total equity:(4,854)(5,110)(5,171)(5,276)(5,283)(4,824)
TOTAL LIABILITIES AND EQUITY:11,57511,41710,17810,5859,8029,158

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues2,8152,6802,7122,6332,3092,083
Operating lease, lease income2,5712,5272,5172,3372,1041,954
Cost of revenue(691)(582)(613)(669)(545)(477)
Cost of product and service sold(199)(119)(140)(223)(159)(103)
Gross profit:2,1242,0982,0991,9651,7631,607
Operating expenses(280)(274)(280)(270)(226)(202)
Other undisclosed operating loss(502)(388)(895)(769)(754)(771)
Operating income:1,3431,436924925782634
Nonoperating expense(101)(663)(375)(400)(530)(651)
Investment income, nonoperating(436)(358)(382)(344)(349)(365)
Other nonoperating income (expense)366(250)6310(74)(222)
Interest and debt expense (0)(6)(0)(0)(37)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     18
Income (loss) from continuing operations before equity method investments, income taxes:1,242767548525216(18)
Other undisclosed income from continuing operations before income taxes060037 
Income (loss) from continuing operations before income taxes:1,242773549526253(18)
Income tax expense (benefit)(188)(24)(51)(66)(15)42
Income from continuing operations:1,05474949746023824
Income before gain (loss) on sale of properties:✕✕✕✕✕23824
Net income:1,05474949746023824
Net income (loss) attributable to noncontrolling interest(1)142 0
Net income available to common stockholders, diluted:1,05475050246123824

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:1,05474949746023824
Other undisclosed comprehensive income (loss)96(144)(26)17245(239)
Comprehensive income (loss):1,151604472631283(215)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)052 0
Comprehensive income (loss), net of tax, attributable to parent:1,150604477633283(215)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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