FY2025 · ended Dec 31, 2025 · Revenue $244.50M, +59.9% YoY · Filed Feb 27, 2026
Sba Communications Corporation (SBAC) files with the SEC under industry code 6798, Real Estate Investment Trusts. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $244.5 million and net income of $1.1 billion. Free cash flow was $1.1 billion. As of Jun 30, 2026 it held $378.8 million in cash and investments and $12.7 billion in total debt.
Revenue (TTM)
$227.94M
+11.5% vs year-ago TTM
Net income (TTM)
$990.72M
+12.7% vs year-ago TTM
Operating cash flow (TTM)
$1.28B
+0.0% vs year-ago TTM
Free cash flow (TTM)
$1.05B
-1.0% vs year-ago TTM
EPS (TTM)
$9.29
+14.2% vs year-ago TTM
Dividend per share
None
Shares outstanding
105.79M
-1.7% vs prior year
Net cash
$-12.35B
as of Jun 30, 2026
Operating margin
600.1%
FY 2026
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- SBAC (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- FL
- Headquarters
- Boca Raton, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1034054
Other Real Estate Investment Trusts companies
- Welltower Inc. WELL
- Prologis, Inc. PLD
- Equinix Inc EQIX
- American Tower Corp /MA/ AMT
- Simon Property Group Inc. SPG
- Digital Realty Trust, Inc. DLR
- Public Storage PSA
- Realty Income Corp O
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $244.5M | $152.9M | $194.6M | $296.9M | $204.7M |
| Operating income | $1.3B | $1.4B | $923.7M | $925.4M | $782.5M |
| Net income | $1.1B | $749.5M | $501.8M | $461.4M | $237.6M |
| Diluted EPS | $9.80 | $6.94 | $4.61 | $4.22 | $2.14 |
| Operating cash flow | $1.3B | $1.3B | $1.5B | $1.3B | $1.2B |
| Free cash flow | $1.1B | $1.1B | $1.3B | $1.1B | $1.1B |
| Total assets | $11.6B | $11.4B | $10.2B | $10.6B | $9.8B |
| Stockholders' equity | -$4.9B | -$5.1B | -$5.2B | -$5.3B | -$5.3B |
| Cash and investments | $292.3M | $465.2M | $234.1M | $185.7M | $415.2M |
| Total debt | $15.3B | $15.8B | $14.5B | $15.2B | $14.5B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Nov 2, 2026 | Nov 2, 2026 |
| 8-K |
Current report
New debt
|
Sep 25, 2026 | Sep 25, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 3, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, New debt
|
Jul 24, 2026 | Jul 23, 2026 |
| 8-K |
Current report
Other events
|
Jul 23, 2026 | Jul 23, 2026 |
All 1000 Sba Communications Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.