The financials
SBA Communications by the numbers
SBA Communications (SBAC) reported revenue of $703M in Q1 2026 (quarter ended March 31, 2026), up 5.9% from the same quarter a year earlier. That came with a gross margin of 76% and net income of $185M (26% of revenue). For the full year FY2025, revenue was $2.82B (+5.1% year on year) and net income $1.05B.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $703M | $664M | +5.9% |
| Gross profit | $532M | $511M | +4.2% |
| Operating income | $343M | $335M | +2.4% |
| Net income | $185M | $221M | −16% |
| Diluted EPS | $1.74 | $2.04 | −15% |
REIT - Specialty
Ranks #5 of 13 by Smart Score