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Other financials

Income statement

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Revenue$703.4M+5.9%
Gross profit$664.0M+6.1%
Operating income$342.8M+2.4%
EPS (diluted)$1.74-14.7%

Balance sheet

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Cash & equivalents$332.5M-49.9%
Total debt$13.0B+4.3%
Total equity-$4.8B+4.4%
Total assets$11.7B+12.2%

Cash flow

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Operating cash flow$255.1M-15.3%
CapEx$48.4M+4.8%
Free cash flow$206.7M-18.9%

Valuation

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Market cap$18.72B-21.0%
Enterprise value$31.34B-13.0%
P/E18.4×-8.6×
P/S6.6×-2.1×

Profitability

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Gross margin93%-2.0pp
Operating margin47.3%-6.6pp
Net margin35.7%+5.3pp
FCF margin35.7%-6.2pp

Returns & leverage

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Return on equity-11.1%
Debt / equity-2.7×
Current ratio0.2×-0.5×

Where this comes from

Reported directly by SBA Communications in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: SBA Communications’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SBA Communications's net income?
SBA Communications (SBAC) reported net income of $184.83M in Q1 2026.
How has SBA Communications's net income changed year-over-year?
SBA Communications's net income decreased by 16.3% year-over-year, from $220.73M to $184.83M.
What is the long-term trend for SBA Communications's net income?
Over 4 years (2021 to 2025), SBA Communications's net income has grown at a 45.1% compound annual growth rate (CAGR), from $237.62M to $1.05B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.