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SBA Communications Corp
Nasdaq: SBAC · Real Estate Investment Trusts · Boca Raton, FL
- Revenue
- $2.82B
- +5.1% vs. prior year
- Net income
- $1.05B
- 37.4% net margin
- Total assets
- $11.58B
- Diluted EPS
- $9.80
Company details
As reported to the SEC
- SEC CIK
- 1034054
- Stock
- Nasdaq: SBAC
- Legal Entity Identifier (LEI)
- 5299001HX8ZN8Y8QIT49
- Industry (SIC)
- Real Estate Investment Trusts (6798)
- Headquarters
- 8051 Congress Avenue, Boca Raton, FL 33487
- Incorporated in
- Florida
- Fiscal year end (SEC record)
- December 31
- Filer status
- Large accelerated filer
- Phone
- (561) 226-9345
- Employer ID (EIN)
- 65-0716501
- Last annual report
- 02/27/2026
- Last quarterly report
- 08/06/2026
Annual financials
U.S. dollars, as tagged in each annual report's XBRL data. Later restatements replace earlier numbers. Select a date to open the filing.
| Fiscal year ended | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 |
|---|---|---|---|---|---|
| Revenue | $2.82B | $2.68B | $2.71B | $2.63B | $2.31B |
| Gross profit | $2.12B | $2.1B | $2.1B | $1.96B | $1.76B |
| Operating income | $1.34B | $1.44B | $923.7M | $925.4M | $782.5M |
| Net income | $1.05B | $749.5M | $501.8M | $461.4M | $237.6M |
| Diluted earnings per share | $9.80 | $6.94 | $4.61 | $4.22 | $2.14 |
| Total assets | $11.58B | $11.42B | $10.18B | $10.59B | $9.8B |
| Shareholders' equity | -$4.85B | -$5.11B | -$5.17B | -$5.28B | -$5.28B |
| Cash and cash equivalents | $264.6M | $189.8M | $208.5M | $143.7M | $367.3M |
| Long-term debt | $10.96B | $12.4B | $11.68B | $12.84B | $12.28B |
| Cash from operations | $1.29B | $1.33B | $1.54B | $1.29B | $1.19B |
| Capital expenditures | $224.8M | $228.1M | $236.7M | $214.4M | $133.7M |
$2.08B
$2.31B
$2.63B
$2.71B
$2.68B
$2.82B
Subsidiaries
21 companies that SBA Communications Corp owns or controls, as listed in its SEC annual report (Exhibit 21), GLEIF ownership records or USAspending
| Subsidiary | Listed in |
|---|---|
| Brazil Shareholder I, LLC | SEC 10-K |
| SBA 2012 TC Assets, LLC | SEC 10-K |
| SBA Guarantor, LLC | SEC 10-K |
| SBA Infrastructure, LLC | SEC 10-K |
| SBA Monarch Towers I, LLC | SEC 10-K |
| SBA Monarch Towers III, LLC | SEC 10-K |
| SBA Network Management, Inc. | SEC 10-K |
| SBA New Builds, LLC | SEC 10-K |
| SBA Properties, LLC | SEC 10-K |
| SBA Puerto Rico, LLC | SEC 10-K |
| SBA SENIOR FINANCE II LLC | GLEIF, SEC 10-K |
| SBA Senior Finance, LLC | SEC 10-K |
| SBA Site Management, LLC | SEC 10-K |
| SBA Telecommunications, LLC | SEC 10-K |
| SBA Towers II, LLC | SEC 10-K |
| SBA Towers III, LLC | SEC 10-K |
| SBA Towers IV, LLC | SEC 10-K |
| SBA Towers IX, LLC | SEC 10-K |
| SBA Towers V, LLC | SEC 10-K |
| SBA Towers VII, LLC | SEC 10-K |
| SBA Towers, LLC | SEC 10-K |
Recent filings
133 recent filings on record; insider ownership forms (3, 4, 5 and 144) are not listed here
Swipe the table sideways to see more columns.
| Form | Filed | Period |
|---|---|---|
| 8-KNew debt or obligation | 09/25/2026 | 09/25/2026 |
| 10-QQuarterly report | 08/06/2026 | 06/30/2026 |
| 8-KResults of operations | 08/03/2026 | 08/03/2026 |
| 8-KMaterial agreement, End of a material agreement, New debt or obligation | 07/24/2026 | 07/23/2026 |
| 8-KOther events | 07/23/2026 | 07/23/2026 |
| 424B2Prospectus | 07/16/2026 | None |
| 8-KMaterial agreement | 07/15/2026 | 07/14/2026 |
| FWPFree writing prospectus | 07/15/2026 | None |
| 305B2SEC filing | 07/13/2026 | None |
| 424B5Prospectus supplement | 07/13/2026 | None |
| 8-KShareholder vote results | 05/22/2026 | 05/22/2026 |
| 10-QQuarterly report | 05/05/2026 | 03/31/2026 |
| SCHEDULE 13GOwnership report (5% holder, passive) | 04/30/2026 | None |
| SCHEDULE 13GOwnership report (5% holder, passive) | 04/29/2026 | None |
| 8-KResults of operations | 04/29/2026 | 04/29/2026 |
| ARSAnnual report to shareholders | 04/09/2026 | 12/31/2025 |
| DEFA14AAdditional proxy materials | 04/09/2026 | None |
| DEF 14AProxy statement | 04/09/2026 | 05/22/2026 |
| 8-KDirector or officer change | 03/27/2026 | 03/24/2026 |
| SCHEDULE 13G/AOwnership report (5% holder, passive, amended) | 03/27/2026 | None |
45 insider ownership reports (Forms 3, 4, 5 and 144) were filed about SBA Communications Corp in the last 12 months. They list trades by officers, directors and large holders; see them on SEC EDGAR.
Other real estate investment trusts
Swipe the table sideways to see more columns.
| Company | Headquarters | Revenue | Net income |
|---|---|---|---|
| Welltower Inc.WELL | Toledo, OH | $10.84B | $961.8M |
| American Tower CorpAMT | Boston, MA | $10.64B | $2.63B |
| Equinix IncEQIX | Redwood City, CA | $9.22B | $1.35B |
| Prologis, Inc.PLD | San Francisco, CA | $8.79B | $3.33B |
| Blackstone Real Estate Income Trust, Inc.BSTT | New York, NY | $7.96B | -$3.28B |
| Weyerhaeuser CoWY | Seattle, WA | $6.91B | $324M |
| Iron Mountain IncIRM | Portsmouth, NH | $6.9B | $152.3M |
| Simon Property Group Inc.SPG | Indianapolis, IN | $6.36B | $5.36B |
Profile refreshed Oct 26, 2026; financials refreshed Oct 22, 2026.
Frequently asked questions
- What is SBA Communications Corp's CIK number?
- SBA Communications Corp's SEC Central Index Key (CIK) is 1034054.
- What is SBA Communications Corp's stock ticker?
- SBA Communications Corp trades as Nasdaq: SBAC.
- What was SBA Communications Corp's revenue?
- SBA Communications Corp reported revenue of $2.82B for the fiscal year ended Dec 31, 2025, +5.1% from the year before.
- When does SBA Communications Corp's fiscal year end?
- SBA Communications Corp's fiscal year end on file with the SEC is December 31; its most recent fiscal year ended Dec 31, 2025.
- Where is SBA Communications Corp headquartered?
- SBA Communications Corp's principal executive office on file with the SEC is in Boca Raton, FL.
- What companies does SBA Communications Corp own?
- SBA Communications Corp lists 21 subsidiaries in its SEC filings and other public records, including Brazil Shareholder I, LLC, SBA 2012 TC Assets, LLC, SBA Guarantor, LLC.
Source: U.S. Securities and Exchange Commission, EDGAR submissions and XBRL company facts · Last updated 10/26/2026