SBA Communications

Real Estate Telecom Tower REITs Boca Raton, Florida Last filing Feb 27, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$264.6M	$189.8M	$208.5M	$143.7M	$367.3M
BS Assets Short Term Invest	$6.6M	$254.5M	$1.0M	$1.3M	—
BS Assets Accts Receivable	$171.3M	$145.7M	$182.7M	$184.4M	$102.0M
BS Assets Prepaid Expenses	$141.7M	$417.3M	$38.6M	$33.1M	$30.8M
BS Assets Other Current Assets	$34.7M	$22.8M	$19.1M	$17.8M	$16.4M
BS Assets Total Current	$773.4M	$2.0B	$484.3M	$482.7M	$614.4M
BS Assets PPE	$3.4B	$2.8B	$2.7B	$2.7B	$2.6B
BS Assets Op Lease ROU	$2.5B	$2.3B	$2.2B	$2.4B	$2.3B
BS Assets Intangible Assets	$2.9B	$2.4B	$2.5B	$2.8B	$2.8B
BS Assets LT Investments	$21.1M	$20.8M	$24.5M	$40.7M	$47.9M
BS Assets Deferred Tax Assets	$366.8M	$406.7M	$401.4M	$391.1M	$357.3M
BS Assets Other Noncurrent	$652.0M	$657.1M	$812.5M	$722.4M	$575.6M
BS Assets Total	$11.6B	$11.4B	$10.2B	$10.6B	$9.8B
BS Liab Accts Payable	$73.0M	$59.5M	$42.2M	$51.4M	$34.1M
BS Liab Accrued Liab	$93.5M	$82.0M	$92.6M	$101.5M	$68.1M
BS Liab Deferred Rev Current	$117.3M	$127.3M	$235.7M	$154.6M	$184.4M
BS Liab Current Debt	$1.9B	$1.2B	$643.1M	$24.0M	$24.0M
BS Liab Other Current	$94.0M	$17.9M	$18.7M	$48.8M	$18.2M
BS Liab Total Current	$2.7B	$1.8B	$1.4B	$696.8M	$616.3M
BS Liab Long Term Debt	$11.0B	$12.4B	$11.7B	$12.8B	$12.3B
BS Liab Deferred Rev LT	$117.3M	$127.3M	$235.7M	$154.6M	$184.4M
BS Liab Deferred Tax Liab	$0	$171.8M	$171.2M	$153.7M	$135.6M
BS Liab Other Noncurrent	$588.2M	$367.9M	$404.2M	$248.1M	$191.5M
BS Liab Total	$2.7B	$1.8B	$1.4B	$696.8M	$616.3M
BS Equity Preferred Stock	$30.0M	$30.0M	$30.0M	$30.0M	$30.0M
BS Equity Common Stock	$1.1M	$1.1M	$1.1M	$1.1M	$1.1M
BS Equity APIC	$3.1B	$3.0B	$2.9B	$2.8B	$2.7B
BS Equity Retained Earnings	$-7.2B	$-7.3B	$-7.5B	$-7.5B	$-7.2B
BS Equity Treasury Stock	$497.8M	$200.0M	$100.0M	$431.6M	$582.5M
BS Equity AOCI	$-664.1M	$-760.3M	$-615.2M	$-590.5M	$-762.3M
BS Equity Total	$-4.9B	$-5.1B	$-5.2B	$-5.3B	$-5.3B
BS Equity Total Liab and Equity	$11.6B	$11.4B	$10.2B	$10.6B	$9.8B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $2.8B

Operating income $1.3B

Net income $1.1B

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$2.8B	$2.7B	$2.7B	$2.6B	$2.3B
IS Expense COGS	$199.0M	$118.7M	$139.9M	$223.0M	$159.1M
IS Expense SGA	$277.6M	$258.8M	$267.9M	$261.9M	$220.0M
IS Expense DA	$115.1M	$107.1M	$397.0M	$406.0M	$411.9M
IS Expense SBC	$75.7M	$74.4M	$87.9M	$99.9M	$84.4M
IS Expense Total Opex	$1.5B	$1.2B	$1.8B	$1.7B	$1.5B
IS Gross Profit	$2.1B	$2.1B	$2.1B	$2.0B	$1.8B
IS Operating Income	$1.3B	$1.4B	$923.7M	$925.4M	$782.5M
IS Interest Income	$31.7M	$42.0M	$18.3M	$10.1M	$3.4M
IS Interest Expense	$275.0K	$177.0K	$211.0K	$171.0K	$118.0K
IS Other Nonop Inc Exp	$366.2M	$-250.4M	$63.1M	$10.5M	$-74.3M
IS Pre Tax Income	$1.2B	$772.7M	$548.5M	$525.8M	$252.6M
IS Tax Expense	$187.6M	$24.0M	$51.1M	$66.0M	$14.9M
IS net Income	$1.1B	$749.5M	$501.8M	$461.4M	$237.6M
IS Comprehensive Income	$1.1B	$604.5M	$477.1M	$633.2M	$282.9M
IS EPS Basic	$10	$7	$5	$4	$2
IS EPS Diluted	$10	$7	$5	$4	$2
IS Shares Basic	$107.2M	$107.6M	$108.2M	$108.0M	$109.3M
IS Shares Diluted	$107.5M	$108.1M	$108.9M	$109.4M	$111.2M

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$1.1B	$749.5M	$501.8M	$461.4M	$237.6M
CF Ops DA	$292.3M	$269.5M	$716.3M	$707.6M	$700.2M
CF Ops SBC	$75.7M	$74.4M	$87.9M	$99.9M	$84.4M
CF Ops Deferred Tax	$104.5M	$-13.1M	$4.6M	$32.9M	$-8.5M
CF Ops Working Capital	$73.4M	$19.5M	$35.5M	$29.7M	$28.2M
CF Ops Other	$-32.8M	$-123.3M	$119.5M	$-33.1M	$30.8M
CF Ops net Cash	$1.3B	$1.3B	$1.5B	$1.3B	$1.2B
CF Inv Capex	$224.8M	$228.1M	$236.7M	$214.4M	$133.7M
CF Inv Acquisitions	$1.1B	$299.8M	$130.0M	$1.2B	$1.3B
CF Inv Purchase Investments	$1.2B	$1.8B	$1.3B	$881.8M	$1.7B
CF Inv Other	$1.8M	$6.7M	$4.1M	$-524.0K	$31.2M
CF Inv net Cash	$-601.8M	$-809.3M	$-468.2M	$-1.4B	$-1.4B
CF Fin Debt Repayment	$23.0M	$2.3B	$24.0M	$24.0M	$1.9B
CF Fin Share Repurchases	$497.8M	$200.0M	$100.0M	$431.7M	$582.6M
CF Fin Dividends	$479.0M	$424.2M	$370.0M	$306.8M	$253.6M
CF Fin Stock Issuance	$48.0M	$29.4M	$38.6M	$31.6M	$80.3M
CF Fin Other	$-3.8M	$12.6M	$37.0K	$28.7M	$-12.8M
CF Fin net Cash	$-1.7B	$645.7M	$-1.0B	$-135.5M	$339.3M
CF FX Effect	$10.4M	$-21.6M	$2.7M	$-2.9M	$-13.1M
CF net Change	$-963.6M	$1.1B	$61.7M	$-246.3M	$92.8M
CF Cash Begin	$437.0M	$1.4B	$250.9M	$189.3M	$435.6M
CF Cash End	$437.0M	$1.4B	$250.9M	$189.3M	$435.6M

Stock Data

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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