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SBA Communications SBAC Cost Of Revenue

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Segments

By segment

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Domestic Site Leasing Revenue$70.62M+3.4%
International Site Leasing Revenue$61.29M+29.8%
Site Development Construction$39.42M+3.2%

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%
Net income$184.8M-16.3%
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$19.86B-20.7%
Enterprise value$32.49B-12.8%
P/E19.5×-9.0×
P/S-2.2×

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:CostOfRevenue.

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 cost of revenue?
SBA Communications (SBAC) reported cost of revenue of $171.34M in Q1 2026.
How has SBA Communications's cost of revenue changed year-over-year?
SBA Communications's cost of revenue increased by 11.5% year-over-year, from $153.67M to $171.34M.
What is the long-term trend for SBA Communications's cost of revenue?
Over 4 years (2021 to 2025), SBA Communications's cost of revenue has grown at a 6.1% compound annual growth rate (CAGR), from $545.36M to $690.97M.
What does cost of revenue mean?
The direct costs attributable to the production of the goods or services sold by the company. This includes expenses directly tied to generating revenue, such as site maintenance, power, and ground lease costs for tower operators.