SBA Communications revenue and financials

SBAC · NASDAQ · USD

$169.70+4.87%+$7.88

Close · October 6, 2026

In the fiscal year ended December 2025, SBA Communications reported revenue of $2.82B (+5.06% year over year). Net income was $1.05B, a net margin of 37.4%.

Annual revenue · 2025: $2.82B

$1.63B2016
$1.73B2017
$1.87B2018
$2.01B2019
$2.08B2020
$2.31B2021
$2.63B2022
$2.71B2023
$2.68B2024
$2.82B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +5.06%; 2025 vs 2024
Net income growth: +40.57%; 2025 vs 2024
Net margin: 37.4%; 2024: 28.0%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	11,575	11,417	10,178	10,585	9,802	9,158	9,760	7,214	7,320	7,361
Current assets	773	1,979	484	483	614	473	334	374	260	325
Cash and equivalents	265	190	209	144	367	309	108	143	68.8	146
Short-term investments	6.6	255	1.0	1.3	—	—	—	—	—	—
Receivables	264	285	202	264	—	—	—	—	—	—
Net property, plant and equipment	7,267	6,393	6,426	6,603	5,808	—	—	—	—	—
Other intangible assets	2,882	2,389	2,456	2,776	2,803	—	—	—	—	—
Long-term investments	21.1	20.8	24.5	40.7	—	—	—	—	—	—
Current liabilities	2,678	1,798	1,363	697	616	615	1,048	1,206	279	873
Accounts payable	73.0	59.5	42.2	51.4	—	—	—	—	—	—
Long-term debt	12,900	13,592	12,324	12,868	12,303	11,096	10,334	9,939	9,311	8,776
Total debt	15,319	15,756	14,463	15,171	—	—	—	—	—	—
Total liabilities	16,350	16,473	15,314	15,830	—	—	—	—	—	—
Total equity (incl. minority)	-4,775	-5,056	-5,136	-5,245	-5,266	—	—	—	—	—
Retained earnings	-7,250	-7,326	-7,451	-7,482	-7,204	—	—	—	—	—
Minority interest	78.3	54.1	35.0	31.7	17.3	—	—	—	—	—