v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Site leasing $ 665,354 $ 656,427 $ 1,985,388 $ 1,904,424
Site development 48,570 75,900 147,247 191,132
Total revenues 713,924 732,327 2,132,635 2,095,556
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):        
Cost of site leasing 133,651 127,281 399,638 361,330
Cost of site development 37,870 62,508 119,220 154,222
Selling, general, and administrative expenses [1] 68,011 66,008 216,106 203,249
Acquisition and new business initiatives related adjustments and expenses 8,763 5,156 22,779 18,422
Asset impairment and decommission costs 13,460 20,322 65,326 102,578
Depreciation, accretion, and amortization 84,432 76,883 247,118 211,894
Total operating expenses 346,187 358,158 1,070,187 1,051,695
Operating income 367,737 374,169 1,062,448 1,043,861
Other income (expense):        
Interest income 7,895 5,517 18,733 24,452
Interest expense (126,840) (120,154) (383,122) (343,959)
Non-cash interest income (expense) 16,445 (567) 13,187 (10,148)
Amortization of deferred financing fees (5,580) (5,477) (16,108) (16,326)
Loss from extinguishment of debt, net (20,082)   (20,082)  
Other income, net 15,011 35,595 48,013 111,881
Total other expense, net (113,151) (85,086) (339,379) (234,100)
Income before income taxes 254,586 289,083 723,069 809,761
Provision for income taxes (22,228) (48,652) (109,336) (125,730)
Net income 232,358 240,431 613,733 684,031
Net (income) loss attributable to noncontrolling interests (1,052) (3,615) 1,183 (689)
Net income attributable to SBA Communications Corporation $ 231,306 $ 236,816 $ 614,916 $ 683,342
Net income per common share attributable to SBA Communications Corporation:        
Basic $ 2.19 $ 2.21 $ 5.81 $ 6.36
Diluted $ 2.19 $ 2.20 $ 5.80 $ 6.34
Weighted-average number of common shares        
Basic 105,428 107,257 105,771 107,509
Diluted 105,662 107,559 106,011 107,831
[1] Includes non-cash compensation of $17,279 and $18,655 for the three months ended September 30, 2026 and 2025, respectively, and $61,616 and $54,569 for the nine months ended September 30, 2026 and 2025, respectively.