Operating
Payment-in-kind interest
SBA Communications Payment-in-kind interest increased by 36.2% to $772K in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 90.8%, from $8.35M to $772K. Over 3 years (FY 2021 to FY 2024), Payment-in-kind interest shows a downward trend with a -16.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
Higher levels of PIK interest may signal liquidity constraints or a strategy to preserve cash for capital expenditures.
Detailed definition
Refers to interest expense that is settled by issuing additional debt or equity instruments rather than through cash pay...
Peer comparison
Often seen in companies with high leverage or those undergoing capital-intensive growth phases.
Metric ID:
operating_paid_in_kind_interestHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.81M | $11.82M | $11.65M | $11.53M | $11.53M | $11.53M | $11.53M | $14.24M | $7.52M | $7.9M | $6.21M | $8.44M | $7.08M | $7.19M | $4.95M | $8.35M | $1.23M | $567K | $772K |
| QoQ Change | — | +0.1% | -1.4% | -1.1% | +0.0% | -0.0% | -0.0% | +23.5% | -47.2% | +5.1% | -21.3% | +35.9% | -16.1% | +1.6% | -31.2% | +68.8% | -85.2% | -54.0% | +36.2% |
| YoY Change | — | — | — | — | -2.4% | -2.5% | -1.0% | +23.5% | -34.8% | -31.5% | -46.1% | -40.7% | -5.8% | -8.9% | -20.4% | -1.1% | -82.6% | -92.1% | -90.8% |
Range$567K – $14.24M
CAGR-45.5%
Avg YoY Growth-29.1%
Median YoY Growth-20.4%
Payment-in-kind interest at Other Companies
Frequently Asked Questions
- What is SBA Communications's payment-in-kind interest?
- SBA Communications (SBAC) reported payment-in-kind interest of $772K in Q1 2026.
- How has SBA Communications's payment-in-kind interest changed year-over-year?
- SBA Communications's payment-in-kind interest decreased by 90.8% year-over-year, from $8.35M to $772K.
- What is the long-term trend for SBA Communications's payment-in-kind interest?
- Over 3 years (2021 to 2024), SBA Communications's payment-in-kind interest has grown at a -16.2% compound annual growth rate (CAGR), from $47.09M to $27.66M.
- What does payment-in-kind interest mean?
- Interest expense paid by issuing more debt or equity instead of cash.