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SBA Communications income statement

In fiscal 2025, SBA Communications reported revenue of $2.82bn, up 5.1% on the year before, operating income of $1.34bn (a 47.7% margin) and net income of $1.05bn, or $9.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue5566276989541,3051,5271,6381,6331,7281,8662,0152,0832,3092,6332,7122,6802,8152,871
Cost of revenue0000408428444421446469493477545669613582691713
Gross profit5556266986758971,0991,1941,2121,2811,3971,5221,6071,7631,9652,0992,0982,1242,158
Selling, general and administrative5358637285103115143131143193194220262268259278288
Operating income55741111472303373123874595445836347829259241,4361,3431,368
Interest expense131150161196——————————————
Income before tax−141−193−125−177−57−16−1678711752187−182535265497731,2421,190
Income tax0127−1991113440−4215665124188198
Net income−141−195−126−181−56−24−1767610447147242384615027501,054991
Diluted EPS−$1.20−$1.68−$1.14−$1.51−$0.44−$0.19−$1.37$0.61$0.86$0.41$1.28$0.21$2.14$4.22$4.61$6.94$9.80$9.29
Diluted shares (average)——112m120m128m129m128m125m121m117m115m113m111m109m109m108m108m107m
EBITDA3133534205567639649721,0251,1021,2161,2811,3561,4831,6331,6401,7051,6351,688

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from SBA Communications's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SBA Communications.