SBAC · XBRL financial data

Sba Communications financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SBAC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2,083	2,309	2,633	2,712	2,680	2,815
Revenue from contracts with customers	129	205	297	195	153	244
Cost of revenue	477	545	669	613	582	691
Cost of goods and services sold	103	159	223	140	119	199
Gross profit	1,607	1,763	1,965	2,099	2,098	2,124
Selling, general and administrative	194	220	262	268	259	278
Operating income (loss)	634	782	925	924	1,436	1,343
Interest income	3	3	10	18	42	32
Other income (expense)	(222)	(74)	10	63	(250)	366
Income tax expense (benefit)	(42)	15	66	51	24	188
Net income (loss)	24	238	461	502	750	1,054
Earnings per share, basic USD per share	0.22	2.17	4.27	4.64	6.96	9.83
Earnings per share, diluted USD per share	0.21	2.14	4.22	4.61	6.94	9.80
Weighted average shares, basic millions of shares	112	109	108	108	108	107
Weighted average shares, diluted millions of shares	113	111	109	109	108	108

Fiscal years (SBAC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	309	367	144	209	190	265
Short-term investments	1	1	1	1	255	7
Accounts receivable	74	102	184	183	146	171
Prepaid and other current assets	24	31	33	39	417	142
Total current assets	473	614	483	484	1,979	773
Property and equipment, net	2,677	2,575	2,714	2,712	2,792	3,402
Right-of-use asset	2,369	2,268	2,382	2,241	2,292	2,540
Total assets	9,158	9,802	10,585	10,178	11,417	11,575
Accounts payable	110	34	51	42	60	73
Accrued liabilities	63	68	101	93	82	94
Current portion of long-term debt	24	24	24	643	1,188	1,936
Total current liabilities	615	616	697	1,363	1,798	2,678
Long-term debt	11,072	12,279	12,844	11,681	12,404	10,964
Lease liability, non-current	2,092	1,979	2,037	1,863	1,902	2,115
Accumulated deficit	(6,604)	(7,204)	(7,482)	(7,451)	(7,326)	(7,250)
Total stockholders' equity	(4,824)	(5,283)	(5,276)	(5,171)	(5,110)	(4,854)
Total liabilities and equity	9,158	9,802	10,585	10,178	11,417	11,575
Common shares outstanding (cover page) millions of shares	109	108	108	108	108	106

Fiscal years (SBAC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	24	238	461	502	750	1,054
Stock-based compensation	69	84	100	88	74	76
Net cash from operating activities	1,126	1,190	1,286	1,544	1,335	1,291
Purchases of property and equipment	129	134	214	237	228	225
Net cash from investing activities	(446)	(1,423)	(1,394)	(468)	(809)	(602)
Share repurchases	859	583	432	100	200	498
Dividends paid	208	254	307	370	424	479
Net cash from financing activities	(469)	339	(135)	(1,017)	646	(1,664)
Net change in cash	202	93	(246)	62	1,150	(964)

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Sba Communications	327	715	407*	106.1M	Q2 FY26 10-QJun 30, 2026
Plymouth Industrial REIT	42	51	20*	44.6M	Q3 FY25 10-QSep 30, 2025
Vivmark Residential	36	not reported	302*	374.9M	Q2 FY26 10-QJun 30, 2026
Ventas	202	1,832	490*	528.8M	Q3 FY26 10-QSep 30, 2026
Avalonbay Communities	81	778	364*	142.8M	Q2 FY26 10-QJun 30, 2026
Iron Mountain	205	2,029	549*	297.7M	Q2 FY26 10-QJun 30, 2026
Extra Space Storage	115	35	467*	208.7M	Q3 FY26 10-QSep 30, 2026
EagleRock Land	62	42	not reported	not reported	Q2 FY26 10-QJun 30, 2026
Texas Pacific Land	370	273	192*	69.0M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.