SBA COMMUNICATIONS CORP (SBAC) Financial Statements — Income, Balance Sheet, Cash Flow

Overview Financials Chart Business Summary Filings Ownership Valuation

Financial Statements — SBAC

Balance Sheet

(in billions USD)

Metric	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	0.27	0.43	0.28	0.64	0.19	0.22	0.24	0.19	0.18	0.15	0.20	0.18	0.26	0.19	0.27	0.18
Total Current Assets	0.77	0.81	0.52	0.93	0.45	0.46	0.45	0.46	0.52	0.47	0.53	0.49	0.54	0.40	0.48	0.39
Real Estate Assets	3.42	3.30	3.26	2.82	2.78	2.72	2.71	2.70	2.71	2.71	2.66	2.68	2.67	2.58	2.63	2.61
Total Assets	11.72	11.26	10.77	10.44	10.20	9.79	10.00	10.33	10.60	10.54	9.95	10.01	10.14	9.67	9.96	9.76
Total Current Liabilities	3.35	1.61	1.43	1.34	0.67	2.46	2.41	0.66	0.74	0.64	1.34	1.32	1.28	0.59	0.63	0.56
Long-term Debt	12.96	12.71	12.51	12.43	12.32	12.28	12.36	12.52	12.60	12.82	12.36	12.48	12.63	11.85	11.93	12.04
Total Liabilities*	16.47	16.19	15.71	15.41	15.38	15.10	15.22	15.50	15.70	15.81	15.31	15.45	15.57	14.63	14.80	14.81
Retained Earnings	(7.20)	(7.28)	(7.25)	(7.23)	(7.39)	(7.55)	(7.51)	(7.42)	(7.36)	(7.47)	(7.51)	(7.53)	(7.52)	(6.89)	(6.76)	(6.85)
Total Stockholder Equity	(4.75)	(4.93)	(4.94)	(4.97)	(5.17)	(5.32)	(5.22)	(5.17)	(5.09)	(5.27)	(5.36)	(5.44)	(5.43)	(4.96)	(4.84)	(5.05)

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Total Revenue	47.29	53.37	75.90	67.19	48.04	47.37	41.90	34.02	29.59	38.94	45.10	52.36	58.25	76.49	88.28	71.77	60.34	55.87	53.81	51.43
Cost of Revenue	39.42	44.75	62.51	53.53	38.19	36.02	32.39	27.14	23.18	25.02	31.49	39.24	44.19	57.16	65.54	54.50	45.77	42.92	41.36	40.41
Total Operating Expenses	189.25	245.24	168.37	192.10	175.67	159.23	502.91	164.74	196.51	321.04	284.17	283.02	287.07	279.27	255.04	255.02	250.06	257.96	237.51	240.01
Operating Income	342.85	298.93	374.17	334.78	334.91	382.34	375.60	354.47	323.36	209.69	248.60	241.23	224.14	234.66	242.99	230.98	216.78	197.38	211.78	199.76
Net Income	184.83	370.29	236.82	225.79	220.73	173.63	258.53	162.83	154.54	109.53	87.42	203.65	101.22	103.28	100.01	69.52	188.62	48.90	47.80	152.67
Diluted EPS	1.74	3.47	2.20	2.09	2.04	1.61	2.40	1.51	1.42	1.01	0.80	1.87	0.93	0.95	0.91	0.64	1.72	0.45	0.43	1.37

Cash Flow Statement

(in billions USD)

Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Operating Cash Flow	0.26	0.30	0.32	0.37	0.30	0.31	0.30	0.43	0.29	0.43	0.31	0.49	0.31	0.29	0.33	0.37	0.29	0.30	0.25	0.35
Capital Expenditures	0.05	0.06	0.06	0.06	0.05	0.06	0.06	0.05	0.06	0.06	0.06	0.06	0.05	0.07	0.06	0.05	0.04	0.04	0.04	0.03
Free Cash Flow*	0.21	0.24	0.26	0.31	0.26	0.25	0.24	0.38	0.24	0.37	0.25	0.42	0.26	0.22	0.28	0.32	0.25	0.26	0.22	0.32
Investing Cash Flow	(0.30)	(0.18)	(0.08)	(0.58)	0.24	(0.33)	(0.27)	(0.12)	(0.09)	(0.11)	(0.10)	(0.11)	(0.15)	(0.80)	(0.11)	(0.23)	(0.26)	(0.15)	(0.09)	(0.11)
Financing Cash Flow	(0.07)	(0.14)	(0.08)	(0.16)	(1.28)	1.18	(0.07)	(0.28)	(0.19)	(0.31)	(0.23)	(0.31)	(0.16)	0.43	(0.19)	(0.22)	(0.15)	0.03	(0.24)	(0.16)

* Derived from reported values