SBA Communications Corp

NAS:SBACReal EstateCBOE:SPESGNASDAQ:NQUSMG

——At close · Market cap — · Next earnings Mon 2 Nov

SBAC · Income statement · TradingHolo

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM	YoY
Revenue	2.1	2.3	2.6	2.7	2.7	2.8	2.9	+2.0%
Cost of revenue	0.5	0.6	0.7	0.6	0.6	1.6	0.7	−56.7%
Gross profit	1.6	1.7	1.9	2.1	2.1	1.2	2.2	+84.3%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Selling, general & administrative	0.2	0.2	0.3	0.3	0.3	0.3	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Operating expenses	1.0	1.0	1.0	1.2	0.6	(0.2)	1.3	+769.6%
Operating income	0.6	0.8	0.9	0.9	1.4	1.4	1.4	−0.2%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.5	—	—
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−25.6%
Other income / expense	(0.7)	(0.5)	(0.4)	(0.4)	(0.7)	(0.1)	—	—
Pre-tax income	(0.0)	0.3	0.5	0.5	0.8	1.2	1.2	−4.2%
Income tax	(0.0)	0.0	0.1	0.1	0.0	0.2	0.2	+5.3%
Net income	0.0	0.2	0.5	0.5	0.7	1.1	1.0	−6.0%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—	—
EPS, basic (per share)	0.22	2.17	4.27	4.64	6.96	9.83	9.31	−5.3%
EPS, diluted (per share)	0.21	2.14	4.22	4.61	6.94	9.80	9.28	−5.3%
EBITDA	1.4	1.5	1.7	1.8	1.8	2.2	1.7	−21.5%
Depreciation & amortization	0.7	0.7	0.7	0.7	0.3	0.5	0.3	−32.8%
Weighted average shares (shares)	114,780,952	111,039,252	109,343,364	108,852,928	108,002,305	107,207,000	—	—
Weighted average diluted shares (shares)	113,465,000	111,177,000	109,386,000	108,907,000	108,080,000	107,533,000	—	—
Gross margin	76.3%	75.2%	73.6%	76.6%	77.3%	41.6%	75.2%	+33.6 pts
Operating margin	30.4%	33.9%	35.1%	34.1%	53.6%	48.7%	47.6%	−1.0 pts
Net margin	1.2%	10.3%	17.5%	18.5%	28.0%	37.4%	34.5%	−2.9 pts

USD billionsUpdated Thu 6 Aug ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.

TTM ends 2026-06-30 and uses four consecutive reported quarters.