v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Site leasing $ 656,149 $ 616,209
Site development 47,289 48,039
Total revenues 703,438 664,248
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 131,912 115,478
Cost of site development 39,424 38,188
Selling, general, and administrative expenses [1] 70,548 66,219
Acquisition and new business initiatives related adjustments and expenses 8,090 7,379
Asset impairment and decommission costs 29,300 37,026
Depreciation, accretion, and amortization 81,316 65,048
Total operating expenses 360,590 329,338
Operating income 342,848 334,910
Other income (expense):    
Interest income 5,207 10,780
Interest expense (128,529) (104,148)
Non-cash interest expense (772) (8,348)
Amortization of deferred financing fees (5,259) (5,434)
Other income, net 22,519 32,165
Total other expense, net (106,834) (74,985)
Income before income taxes 236,014 259,925
Provision for income taxes (51,112) (42,019)
Net income 184,902 217,906
Net (gain) loss attributable to noncontrolling interests (72) 2,826
Net income attributable to SBA Communications Corporation $ 184,830 $ 220,732
Net income per common share attributable to SBA Communications Corporation:    
Basic $ 1.75 $ 2.05
Diluted $ 1.74 $ 2.04
Weighted-average number of common shares    
Basic 105,815 107,744
Diluted 106,111 108,140
[1] Includes non-cash compensation of $18,286 and $15,075 for the three months ended March 31, 2026 and 2025, respectively.