SBA Communications Corporation (SBAC) — Financial statements
Income statement, balance sheet, and cash flow for SBA Communications Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,815↑5.1% | 2,680↓1.2% | 2,712↑3.0% | 2,633↑14.1% | 2,309 | |
| Cost of Revenue | 1,644↑170.5% | 608↓4.2% | 634↓8.8% | 695↑21.3% | 573 | |
| Gross Profit | 1,171↓43.5% | 2,072↓0.3% | 2,077↑7.2% | 1,938↑11.7% | 1,736 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 278↑7.0% | 259↓2.9% | 267↑2.0% | 262↑19.0% | 220 | |
| Other Expenses | -476↓226.5% | 377↓57.5% | 886↑18.1% | 751↑2.4% | 733 | |
| Operating Expenses | -199↓131.3% | 636↓44.9% | 1,154↑13.9% | 1,013↑6.2% | 953 | |
| Total Costs & Expenses | 1,445↑16.2% | 1,244↓30.4% | 1,788↑4.7% | 1,708↑11.9% | 1,526 | |
| Operating Results | ||||||
| Operating Income | 1,370↓4.6% | 1,436↑55.4% | 924↓0.2% | 925↑18.3% | 782 | |
| Depreciation & Amortization | 476↑76.8% | 270↓62.4% | 716↑1.2% | 708↑1.1% | 700 | |
| EBITDA | 2,186↑21.8% | 1,795↑0.2% | 1,791↑6.9% | 1,676↑10.7% | 1,514 | |
| EBIT | 1,710↑12.1% | 1,525↑41.8% | 1,075↑11.0% | 968↑19.0% | 814 | |
| Interest & Other Income | ||||||
| Net Interest Income | -436↓1139.6% | 42↑129.2% | 18↑80.6% | 10↑193.9% | 3 | |
| Interest Income | 32↓24.5% | 42↑129.2% | 18↑80.6% | 10↑193.9% | 3 | |
| Interest Expense | 468 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -340↓280.6% | -89↑41.0% | -151↓253.7% | -43↓37.4% | -31 | |
| Other Income / Expenses | -128↑80.7% | -663↓76.8% | -375↑6.1% | -400↑24.6% | -530 | |
| Income Before Tax | 1,242↑60.7% | 773↑40.9% | 549↑4.3% | 526↑108.2% | 253 | |
| Income Tax Expense | 188↑682.0% | 24↓53.0% | 51↓22.6% | 66↑342.1% | 15 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,054↑40.8% | 749↑50.5% | 497↑8.2% | 460↑93.5% | 238 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,054↑40.6% | 750↑49.4% | 502↑8.8% | 461↑94.2% | 238 | |
| Bottom-Line Net Income | 1,054↑40.6% | 750↑49.4% | 502↑8.8% | 461↑94.2% | 238 | |
| EPS (Basic) | 9.83↑41.2% | 6.96↑50.0% | 4.64↑8.7% | 4.27↑96.8% | 2.17 | |
| EPS (Diluted) | 9.80↑41.2% | 6.94↑50.5% | 4.61↑9.2% | 4.22↑97.2% | 2.14 | |
| Weighted Average Shares | 107↓0.7% | 108↓0.8% | 109↓0.4% | 109↓1.5% | 111 | |
| Weighted Average Diluted Shares | 108↓0.5% | 108↓0.8% | 109↓0.4% | 109↓1.6% | 111 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.