Company Analysis

SBA Communications Corporation (SBAC)

Nasdaq: SBAC · Real Estate Investment Trusts · Boca Raton, FL · filing with the SEC since 1998
Grade6.2
◀ Past 6.8● Present 5.9▶ Future 6.1
The companyfiscal 2025, as filed
Revenue$2.82B+5.1%
Net income$1.05B+40.6%
Earnings per share$9.80+41.2%
Operating cash flow$1.29B-3.3%
Cash$265M+39.4%
Debt$10.96B-11.6%
Shareholders’ equity-$4.85B+5.0%
Shares, diluted107.5M-0.5%
Return on equityn/a
The recordfrom its filings
Filings in 202667
Newest filingNov 12 · SCHEDULE 13G/A
Annual reportFeb 27, 2026
Quarterly reportNov 5, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$100,000
Insider buys, 12 months$0.00
Patents grantedn/a
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $2.85BNet income $985MCash from operations $1.30Bthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

SBA Communications reported third-quarter 2026 results on 2 November 2026, with site leasing revenue of $665.4 million, up 1.4 percent from the year before 1.

Net income attributable to the company was $231.3 million, or $2.19 per share 1. AFFO, its adjusted funds from operations measure, was $3.19 per share against $3.30 a year earlier 1.

The two halves of the business moved apart 1. Domestic site leasing revenue fell 3.4 percent to $454.4 million, while international site leasing revenue rose 13.3 percent to $211.0 million 1.

Churn is a lease that is not renewed, is cancelled or is discounted before its term ends, the annual report says 2. Chief financial officer Marc Montagner said on the call that Sprint-related churn was $16 million in the quarter and EchoStar-related churn was $14 million 3.

SBA repurchased 1.7 million shares for $300.0 million 1. It also set up a $2.5 billion commercial paper program, a form of short-term borrowing, and agreed to sell all its towers in Peru after selling those in Chile and Ecuador 1.

Bloomberg reported on 22 October 2026 that SpaceX aims to secure at least 80,000 US cell sites, and it named Crown Castle as one company in talks 4. Chief executive Brendan Cavanagh said he has no specific insight into SpaceX's plans 3.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 9, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Nov 6, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 5, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Oct 20, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Sep 25, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Aug 19, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Aug 6, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
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SI Assistanton SBAC · research, not advice