sbac: the income statement

MyFinsight

For the quarter ending 2025-09-30, SBAC made $732,327K in revenue. $236,816K in net income. Net profit margin of 32.34%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total revenues	732,327	698,981	664,248	667,595
Cost of site leasing	127,281	118,571	115,478	117,948
Cost of site development	62,508	53,525	38,188	32,391
Selling, general, and administrative expenses	66,008	71,022	66,219	60,087
Acquisition and new business initiatives related adjustments and expenses	5,156	5,887	7,379	5,388
Asset impairment and decommission costs	20,322	45,231	37,026	12,670
Depreciation, accretion, and amortization	76,883	69,964	65,048	63,515
Total operating expenses	358,158	364,200	329,338	291,999
Operating income	374,169	334,781	334,910	375,596
Interest income	5,517	8,155	10,780	6,999
Interest expense	120,154	119,658	104,148	95,711
Non-cash interest expense	567	1,233	8,348	7,192
Amortization of deferred financing fees	5,477	5,415	5,434	5,185
Other income (expense), net	35,595	44,123	32,165	23,700
Total other expense, net	-85,086	-74,028	-74,985	-77,389
Income before income taxes	289,083	260,753	259,925	298,207
Provision for income taxes	48,652	35,059	42,019	42,316
Net income	240,431	225,694	217,906	255,891
Net (income) loss attributable to noncontrolling interests	3,615	-100	-2,826	-2,643
Net income attributable to sba communications corporation	236,816	225,794	220,732	258,534

Earnings per share, basic	2.21	2.1	2.05	2.41
Earnings per share, diluted	2.2	2.09	2.04	2.4
Weighted average number of diluted shares outstanding	107,559,000	107,797,000	108,140,000	107,922,000
Weighted average number of shares outstanding basic	107,257,000	107,531,000	107,744,000	107,486,000