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SBA COMMUNICATIONS CORP (SBAC)

For the quarter ending 2025-06-30, SBAC made $698,981K in revenue. $225,794K in net income. Net profit margin of 32.30%.

Overview

Revenue
$698,981K
Net Income
$225,794K
Net Profit Margin
32.30%
EPS
$2.09
Unit: Thousand (K) dollars
Revenue Breakdown
    • Site leasing
    • Site development

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenues698,981 664,248 667,595 660,477
Selling, general, and administrative expenses71,022 66,219 60,087 62,376
Depreciation, accretion, and amortization69,964 65,048 63,515 64,179
Cost of site development53,525 38,188 32,391 27,137
Cost of site leasing118,571 115,478 117,948 114,131
Acquisition and new business initiatives related adjustments and expenses5,887 7,379 5,388 6,574
Asset impairment and decommission costs45,231 37,026 12,670 31,610
Total operating expenses364,200 329,338 291,999 306,007
Operating income334,781 334,910 375,596 354,470
Non-cash interest expense1,233 8,348 7,192 7,080
Other income (expense), net44,123 32,165 23,700 -104,859
Interest expense119,658 104,148 95,711 97,530
Interest income8,155 10,780 6,999 7,046
Amortization of deferred financing fees5,415 5,434 5,185 4,932
Total other expense, net-74,028 -74,985 -77,389 -207,355
Income before income taxes260,753 259,925 298,207 147,115
(provision) benefit for income taxes35,059 42,019 42,316 -12,337
Net income225,694 217,906 255,891 159,452
Net loss attributable to noncontrolling interests-100 -2,826 -2,643 -3,378
Net income attributable to sba communications corporation225,794 220,732 258,534 162,830
Earnings per share, basic2.1 2.05 2.41 1.52
Earnings per share, diluted2.09 2.04 2.4 1.51
Weighted average number of diluted shares outstanding107,797,000 108,140,000 107,922,000 107,679,000
Weighted average number of shares outstanding basic107,531,000 107,744,000 107,486,000 107,462,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Site leasing$631,788K (0.85%↑ Y/Y)Site development$67,193K (97.51%↑ Y/Y)Total revenues$698,981K (5.83%↑ Y/Y)Operating income$334,781K (-5.55%↓ Y/Y)Total operatingexpenses$364,200K (19.02%↑ Y/Y)Income before incometaxes$260,753K (77.24%↑ Y/Y)Total other expense,net-$74,028K (64.30%↑ Y/Y)Interest income$8,155K (15.74%↑ Y/Y)Other income(expense), net$44,123K (142.08%↑ Y/Y)Asset impairment anddecommission costs$45,231K (43.09%↑ Y/Y)Acquisition and new businessinitiatives related...$5,887K (-10.45%↓ Y/Y)Cost of site leasing$118,571K (3.89%↑ Y/Y)Cost of sitedevelopment$53,525K (97.24%↑ Y/Y)Depreciation, accretion, andamortization$69,964K (9.01%↑ Y/Y)Selling, general, andadministrative expenses$71,022K (13.86%↑ Y/Y)Net lossattributable to...-$100K (97.04%↑ Y/Y)Net income$225,694K (41.54%↑ Y/Y)(provision) benefit forincome taxes$35,059K (384.18%↑ Y/Y)Amortization of deferredfinancing fees$5,415K (9.79%↑ Y/Y)Interest expense$119,658K (22.69%↑ Y/Y)Non-cash interestexpense$1,233K (-82.58%↓ Y/Y)Net incomeattributable to sba...$225,794K (38.67%↑ Y/Y)