SBA COMMUNICATIONS CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that SBA COMMUNICATIONS CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $719.58M | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | $732.33M | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | $698.98M | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | $664.25M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $693.70M | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | $667.60M | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | $660.48M | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | $657.86M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $675.02M | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | $682.54M | Feb 26, 2025 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $244.50M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $152.87M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $194.65M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $296.88M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $204.75M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $128.67M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $153.79M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $125.26M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $104.50M | Feb 24, 2020 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.12B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.10B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $2.10B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $1.96B | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $1.76B | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $1.61B | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $1.52B | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $1.40B | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $1.28B | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $1.21B | Feb 28, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $370.29M | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | $236.82M | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | $225.79M | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | $220.73M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $173.63M | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | $258.53M | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | $162.83M | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | $154.54M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $109.53M | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | $87.42M | Feb 26, 2025 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $298.93M | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | $374.17M | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | $334.78M | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | $334.91M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $382.34M | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | $375.60M | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | $354.47M | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | $323.36M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $209.69M | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | $248.60M | Feb 26, 2025 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $277.61M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $258.76M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $267.94M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $261.85M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $220.03M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $194.27M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $192.72M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $142.53M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $130.70M | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $143.35M | Feb 28, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.29B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.33B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $1.54B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $1.29B | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $1.19B | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $1.13B | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $970.05M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $850.62M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $818.47M | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $742.53M | Feb 28, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $224.82M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $228.15M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $236.70M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $214.44M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $133.69M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $128.57M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $154.24M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $149.81M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $147.04M | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $139.98M | Feb 28, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $11.58B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $11.42B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $10.18B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $10.59B | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $9.80B | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | $9.16B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $9.76B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $7.21B | Feb 24, 2020 |
| FY2018 | Dec 31, 2017 | $7.32B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $7.36B | Mar 1, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($4.85B) | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | ($5.11B) | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | ($5.17B) | Feb 27, 2026 |
| FY2025 | Dec 31, 2022 | ($5.28B) | Feb 27, 2026 |
| FY2024 | Dec 31, 2021 | ($5.28B) | Feb 26, 2025 |
| FY2023 | Dec 31, 2020 | ($4.82B) | Feb 28, 2024 |
| FY2022 | Dec 31, 2019 | ($3.67B) | Mar 1, 2023 |
| FY2021 | Dec 31, 2018 | ($3.38B) | Mar 1, 2022 |
| FY2020 | Dec 31, 2017 | ($2.60B) | Feb 25, 2021 |
| FY2019 | Dec 31, 2016 | ($2.00B) | Feb 24, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($7.25B) | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | ($7.33B) | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | ($7.45B) | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | ($7.48B) | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | ($7.20B) | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | ($6.60B) | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | ($5.56B) | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | ($5.14B) | Feb 24, 2020 |
| FY2018 | Dec 31, 2017 | ($4.39B) | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | ($3.64B) | Mar 1, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $264.57M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $189.84M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $208.55M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $143.71M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $367.28M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $308.56M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $108.31M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $143.44M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $68.78M | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $146.11M | Feb 28, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.90B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $13.59B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $12.32B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $12.87B | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $12.30B | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | $11.10B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $10.33B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $9.94B | Feb 24, 2020 |
| FY2018 | Dec 31, 2017 | $9.31B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $8.78B | Mar 1, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | 2 | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | 2 | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | 2 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | 2 | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | 1 | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Feb 26, 2025 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 27, 2026 |
| FY2025 | Sep 30, 2025 | 2 | Feb 27, 2026 |
| FY2025 | Jun 30, 2025 | 2 | Feb 27, 2026 |
| FY2025 | Mar 31, 2025 | 2 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Sep 30, 2024 | 2 | Feb 27, 2026 |
| FY2025 | Jun 30, 2024 | 1 | Feb 27, 2026 |
| FY2025 | Mar 31, 2024 | 1 | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | 0 | Feb 26, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 105.67M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 107.56M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 108.05M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | 108.00M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | 108.96M | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | 109.82M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | 111.78M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | 112.43M | Feb 24, 2020 |
| FY2018 | Dec 31, 2017 | 116.45M | Feb 28, 2019 |
| FY2012 | Dec 31, 2012 | 109.68M | Feb 27, 2013 |