SBA Communications financials
$162.81−0.38%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $715.3M | $703.4M | $719.6M | $732.3M | $699.0M | $664.2M | $693.7M | $667.6M | $660.5M | $657.9M | $675.0M | $682.5M |
| Gross profit | $539.3M | $532.1M | $544.2M | $542.5M | $526.9M | $510.6M | $541.6M | $517.3M | $519.2M | $519.9M | $530.7M | $532.8M |
| Gross margin | 75.4% | 75.6% | 75.6% | 74.1% | 75.4% | 76.9% | 78.1% | 77.5% | 78.6% | 79.0% | 78.6% | 78.1% |
| Operating income | $351.9M | $342.8M | $298.9M | $374.2M | $334.8M | $334.9M | $382.3M | $375.6M | $354.5M | $323.4M | $209.7M | $248.6M |
| Net income | $198.8M | $184.8M | $370.3M | $236.8M | $225.8M | $220.7M | $173.6M | $258.5M | $162.8M | $154.5M | $109.5M | $87.4M |
| Net margin | 27.8% | 26.3% | 51.5% | 32.3% | 32.3% | 33.2% | 25.0% | 38.7% | 24.7% | 23.5% | 16.2% | 12.8% |
| Diluted EPS | $1.87 | $1.74 | $3.47 | $2.20 | $2.09 | $2.04 | $1.61 | $2.40 | $1.51 | $1.42 | $1.01 | $0.80 |
| EBITDA | $461.7M | $461.6M | $469.8M | $476.5M | $455.9M | $444.4M | $474.0M | $457.2M | $456.8M | $451.2M | $291.8M | $468.0M |
| Operating cash flow | $407.2M | $255.1M | $304.0M | $318.0M | $368.1M | $301.2M | $310.2M | $304.7M | $425.6M | $294.5M | $432.6M | $313.7M |
| Free cash flow | $344.8M | $206.7M | $241.3M | $258.0M | $312.2M | $255.0M | $254.6M | $239.9M | $375.6M | $236.6M | $369.9M | $252.3M |
| Diluted shares | 106.3M | 106.1M | 106.6M | 107.6M | 107.8M | 108.1M | 108.1M | 107.9M | 107.7M | 108.6M | 108.6M | 108.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $327.1M | $269.1M | $264.6M | $430.3M | $275.3M | $636.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $12.80B | $13.00B | $12.97B | $12.74B | $12.59B | $12.46B |
| Total assets | $11.74B | $11.72B | $11.58B | $11.26B | $10.77B | $10.44B |
| Total liabilities | $16.29B | $16.39B | $16.35B | $16.12B | $15.64B | $15.35B |
| Shareholders' equity | -$4.63B | -$4.75B | -$4.85B | -$4.93B | -$4.94B | -$4.97B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology