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10-K

Annual Report

SBA COMMUNICATIONS CORP SBAC

0001034054-26-000002

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Filed
Feb 27, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 17, 2026 105.79M sh
Shares Diluted FY 2025 · Dec 31, 2025 107.53M sh
Shares Diluted FY 2025 · Dec 31, 2024 108.08M sh
Shares Diluted FY 2025 · Dec 31, 2023 108.91M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $497.81M
Stock Repurchased FY 2025 · Dec 31, 2024 $200.02M
Stock Repurchased FY 2025 · Dec 31, 2023 $100.01M
Dividends Paid FY 2025 · Dec 31, 2025 $479.01M
Dividends Paid FY 2025 · Dec 31, 2024 $424.19M
Dividends Paid FY 2025 · Dec 31, 2023 $369.96M
Capex FY 2025 · Dec 31, 2025 $224.82M
Capex FY 2025 · Dec 31, 2024 $228.15M
Capex FY 2025 · Dec 31, 2023 $236.7M
Operating Cash Flow FY 2025 · Dec 31, 2025 $1.29B
Operating Cash Flow FY 2025 · Dec 31, 2024 $1.33B
Operating Cash Flow FY 2025 · Dec 31, 2023 $1.54B
Long Term Debt FY 2025 · Dec 31, 2025 $10.96B
Long Term Debt FY 2025 · Dec 31, 2024 $12.4B
Short Term Debt FY 2025 · Dec 31, 2025 $1.94B
Short Term Debt FY 2025 · Dec 31, 2024 $1.19B
Short Term Investments FY 2025 · Dec 31, 2025 $6.65M
Short Term Investments FY 2025 · Dec 31, 2024 $254.53M
Cash And Equivalents FY 2025 · Dec 31, 2025 $264.57M
Cash And Equivalents FY 2025 · Dec 31, 2024 $189.84M
Cash And Equivalents FY 2025 · Dec 31, 2023 $208.55M
Stockholders Equity FY 2025 · Dec 31, 2025 −$4.85B
Stockholders Equity FY 2025 · Dec 31, 2024 −$5.11B
Stockholders Equity FY 2025 · Dec 31, 2023 −$5.17B
Stockholders Equity FY 2025 · Dec 31, 2022 −$5.28B
Current Liabilities FY 2025 · Dec 31, 2025 $2.68B
Current Liabilities FY 2025 · Dec 31, 2024 $1.8B
Current Assets FY 2025 · Dec 31, 2025 $773.43M
Current Assets FY 2025 · Dec 31, 2024 $1.98B
Total Assets FY 2025 · Dec 31, 2025 $11.58B
Total Assets FY 2025 · Dec 31, 2024 $11.42B
Eps Diluted FY 2025 · Dec 31, 2025 $3.47
Eps Diluted FY 2025 · Dec 31, 2025 $9.80
Eps Diluted FY 2025 · Sep 30, 2025 $2.20
Eps Diluted FY 2025 · Jun 30, 2025 $2.09
Eps Diluted FY 2025 · Mar 31, 2025 $2.04
Eps Diluted FY 2025 · Dec 31, 2024 $1.61
Eps Diluted FY 2025 · Dec 31, 2024 $6.94
Eps Diluted FY 2025 · Sep 30, 2024 $2.40
Eps Diluted FY 2025 · Jun 30, 2024 $1.51
Eps Diluted FY 2025 · Mar 31, 2024 $1.42
Eps Diluted FY 2025 · Dec 31, 2023 $4.61
Eps Basic FY 2025 · Dec 31, 2025 $3.48
Eps Basic FY 2025 · Dec 31, 2025 $9.83
Eps Basic FY 2025 · Sep 30, 2025 $2.21
Eps Basic FY 2025 · Jun 30, 2025 $2.10
Eps Basic FY 2025 · Mar 31, 2025 $2.05
Eps Basic FY 2025 · Dec 31, 2024 $1.61
Eps Basic FY 2025 · Dec 31, 2024 $6.96
Eps Basic FY 2025 · Sep 30, 2024 $2.41
Eps Basic FY 2025 · Jun 30, 2024 $1.52
Eps Basic FY 2025 · Mar 31, 2024 $1.43
Eps Basic FY 2025 · Dec 31, 2023 $4.64
Sga Expense FY 2025 · Dec 31, 2025 $277.61M
Sga Expense FY 2025 · Dec 31, 2024 $258.76M
Sga Expense FY 2025 · Dec 31, 2023 $267.94M
Net Income FY 2025 · Dec 31, 2025 $370.29M
Net Income FY 2025 · Dec 31, 2025 $1.05B
Net Income FY 2025 · Sep 30, 2025 $236.82M
Net Income FY 2025 · Jun 30, 2025 $225.79M
Net Income FY 2025 · Mar 31, 2025 $220.73M
Net Income FY 2025 · Dec 31, 2024 $173.63M
Net Income FY 2025 · Dec 31, 2024 $749.54M
Net Income FY 2025 · Sep 30, 2024 $258.53M
Net Income FY 2025 · Jun 30, 2024 $162.83M
Net Income FY 2025 · Mar 31, 2024 $154.54M
Net Income FY 2025 · Dec 31, 2023 $501.81M
Operating Income FY 2025 · Dec 31, 2025 $298.93M
Operating Income FY 2025 · Dec 31, 2025 $1.34B
Operating Income FY 2025 · Sep 30, 2025 $374.17M
Operating Income FY 2025 · Jun 30, 2025 $334.78M
Operating Income FY 2025 · Mar 31, 2025 $334.91M
Operating Income FY 2025 · Dec 31, 2024 $382.34M
Operating Income FY 2025 · Dec 31, 2024 $1.44B
Operating Income FY 2025 · Sep 30, 2024 $375.6M
Operating Income FY 2025 · Jun 30, 2024 $354.47M
Operating Income FY 2025 · Mar 31, 2024 $323.36M
Operating Income FY 2025 · Dec 31, 2023 $923.66M
Gross Profit FY 2025 · Dec 31, 2025 $2.12B
Gross Profit FY 2025 · Dec 31, 2024 $2.1B
Gross Profit FY 2025 · Dec 31, 2023 $2.1B
Cost Of Revenue FY 2025 · Dec 31, 2025 $690.97M
Cost Of Revenue FY 2025 · Dec 31, 2024 $581.73M
Cost Of Revenue FY 2025 · Dec 31, 2023 $612.62M
Revenue FY 2025 · Dec 31, 2025 $244.5M
Revenue FY 2025 · Dec 31, 2024 $152.87M
Revenue FY 2025 · Dec 31, 2023 $194.65M