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 thousands)
Annual | Quarterly

	12/31/2025 Q4	9/30/2025 Q3	6/30/2025 Q2	3/31/2025 Q1	12/31/2024 Q4	9/30/2024 Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments	271,216	431,067	276,826	702,177	444,375	202,584
Cash and cash equivalent	264,568	430,306	275,275	636,447	189,841	186,339
Short-term investments	6,648	761	1,551	65,730	254,534	16,245
Restricted cash and investments	167,804	30,467	20,757	23,168	1,206,653	61,019
Receivables	235,646	169,337	142,764	131,387	265,335	118,014
Prepaid expense	28,514	10,244	10,300	16,345	13,200	14,928
Contract with customer, asset, after allowance for credit loss	28,152	49,564	46,811	26,840	19,198	24,742
Asset, held-for-sale, not part of disposal group		95,783
Other current assets	34,698	17,661	20,641	25,398	22,757	20,970
Other undisclosed current assets	7,401	8,401	5,709	8,001	7,202	8,010
Total current assets:	773,431	812,524	523,808	933,316	1,978,720	450,267
Noncurrent Assets
Operating lease, right-of-use asset	2,540,229	2,435,273	2,419,435	2,340,100	2,292,459	2,322,890
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization	3,401,799	3,295,621	3,258,183	2,818,907	2,792,084	2,783,921
Intangible asset, including goodwill, after accumulated amortization	2,882,117	2,725,045	2,579,806	2,403,046	2,388,707	2,492,360
Intangible asset, excluding goodwill, after accumulated amortization	2,882,117	2,725,045	2,579,806	2,403,046	2,388,707	2,492,360
Other noncurrent assets	651,993	642,062	641,647	618,341	657,097	772,944
Other undisclosed noncurrent assets	1,325,443	1,349,714	1,343,508	1,329,207	1,308,269	1,379,281
Total noncurrent assets:	10,801,581	10,447,715	10,242,579	9,509,601	9,438,616	9,751,396
TOTAL ASSETS:	11,575,012	11,260,239	10,766,387	10,442,917	11,417,336	10,201,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities	166,536	317,261	146,905	139,789	141,526	143,750
Accounts payable	73,034	219,725	60,820	65,043	59,549	54,438
Accrued liabilities	93,502	97,536	86,085	74,746	81,977	89,312
Deferred revenue	117,309	132,336	125,371	110,369	127,308	183,978
Debt	1,938,291	772,562	772,181	771,802	1,189,165	23,000
Other liabilities	94,014	59,427	20,681	18,813	17,933	14,105
Other undisclosed current liabilities	362,151	329,382	364,567	302,243	322,004	303,010
Total current liabilities:	2,678,301	1,610,968	1,429,705	1,343,016	1,797,936	667,843
Noncurrent Liabilities
Long-term debt and lease obligation	10,968,947	11,932,919	11,739,364	11,654,372	12,405,710	12,296,479
Long-term debt, excluding current maturities	10,964,466	11,932,919	11,739,364	11,654,372	12,403,825	12,296,479
Finance lease, liability	4,481				1,885
Liabilities, other than long-term debt	2,703,021	554,222	466,341	406,214	2,269,496	432,158
Other liabilities	588,244	554,222	466,341	406,214	367,942	432,158
Operating lease, liability	2,114,777				1,901,554
Other undisclosed noncurrent liabilities		2,019,508	2,004,715	1,947,414		1,930,943
Total noncurrent liabilities:	13,671,968	14,506,649	14,210,420	14,008,000	14,675,206	14,659,580
Total liabilities:	16,350,269	16,117,617	15,640,125	15,351,016	16,473,142	15,327,423
Temporary equity, including noncontrolling interest	78,262	76,605	65,157	62,604	54,132	49,092
Equity
Equity, attributable to parent	(4,853,519)	(4,933,983)	(4,938,895)	(4,970,703)	(5,109,938)	(5,174,852)
Common stock	1,057	1,068	1,075	1,080	1,076	1,075
Additional paid in capital	3,059,427	3,038,027	3,022,684	2,991,050	2,975,455	2,941,520
Accumulated other comprehensive loss	(664,098)	(688,098)	(711,548)	(736,617)	(760,280)	(723,648)
Accumulated deficit	(7,249,905)	(7,284,980)	(7,251,106)	(7,226,216)	(7,326,189)	(7,393,799)
Total equity:	(4,853,519)	(4,933,983)	(4,938,895)	(4,970,703)	(5,109,938)	(5,174,852)
TOTAL LIABILITIES AND EQUITY:	11,575,012	11,260,239	10,766,387	10,442,917	11,417,336	10,201,663

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

	12/31/2025 Q4	9/30/2025 Q3	6/30/2025 Q2	3/31/2025 Q1	12/31/2024 Q4	9/30/2024 Q3
Revenues	719,583	732,327	698,981	664,248	693,700	667,595
Operating lease, lease income	666,217	656,427	631,788	616,209	646,335	625,697
Cost of revenue	(175,420)	(189,789)	(172,096)	(153,666)	(152,129)	(150,339)
Cost of product and service sold	(44,750)	(62,508)	(53,525)	(38,188)	(36,025)	(32,391)
Gross profit:	544,163	542,538	526,885	510,582	541,571	517,256
Operating expenses	(70,172)	(66,194)	(74,380)	(68,780)	(70,805)	(60,785)
Other undisclosed operating loss	(175,066)	(102,175)	(117,724)	(106,892)	(88,427)	(80,875)
Operating income:	298,925	374,169	334,781	334,910	382,339	375,596
Nonoperating income (expense)	133,352	(85,086)	(74,028)	(74,985)	(226,465)	(77,389)
Investment income, nonoperating	(116,727)	(114,637)	(111,503)	(93,368)	(89,543)	(88,712)
Other nonoperating income (expense)	254,328	35,595	44,123	32,165	(124,604)	23,700
Interest and debt expense					(1,512)
Other undisclosed loss from continuing operations before equity method investments, income taxes	(275)
Income from continuing operations before equity method investments, income taxes:	432,002	289,083	260,753	259,925	154,362	298,207
Other undisclosed income from continuing operations before income taxes	275				1,512
Income from continuing operations before income taxes:	432,277	289,083	260,753	259,925	155,874	298,207
Income tax expense (benefit)	(61,852)	(48,652)	(35,059)	(42,019)	22,917	(42,316)
Net income:	370,425	240,431	225,694	217,906	178,791	255,891
Net income (loss) attributable to noncontrolling interest	(135)	(3,615)	100	2,826	(5,161)	2,643
Net income available to common stockholders, diluted:	370,290	236,816	225,794	220,732	173,630	258,534

Comprehensive Income ($ in thousands)
Annual | Quarterly

	12/31/2025 Q4	9/30/2025 Q3	6/30/2025 Q2	3/31/2025 Q1	12/31/2024 Q4	9/30/2024 Q3
Net income:	370,425	240,431	225,694	217,906	178,791	255,891
Other undisclosed comprehensive income (loss)	23,959	24,421	24,983	22,731	(35,352)	(22,207)
Comprehensive income:	394,384	264,852	250,677	240,637	143,439	233,684
Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(94)	(4,586)	186	3,758	(6,441)	2,980
Comprehensive income, net of tax, attributable to parent:	394,290	260,266	250,863	244,395	136,998	236,664

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

Company Profile

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

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

Comprehensive Income ($ in thousands)
Annual | Quarterly

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

Company Profile

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

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

Comprehensive Income ($ in thousands)Annual | Quarterly

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

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

Comprehensive Income ($ in thousands)
Annual | Quarterly