SBA Communications SG&A decreased by 5.1% to $70.55M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.5%, from $66.22M to $70.55M. Over 4 years (FY 2021 to FY 2025), SG&A shows an upward trend with a 6.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.
Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...
Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.
selling_general_and_administrative| 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 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $53.95M | $51.00M | $63.48M | $62.12M | $63.27M | $65.84M | $70.61M | $72.21M | $63.38M | $64.82M | $67.52M | $68.70M | $62.38M | $60.09M | $67.60M | $66.22M | $71.02M | $66.01M | $74.36M | $70.55M |
| QoQ Change | — | -5.5% | +24.5% | -2.1% | +1.9% | +4.1% | +7.2% | +2.3% | -12.2% | +2.3% | +4.2% | +1.7% | -9.2% | -3.7% | +12.5% | -2.0% | +7.3% | -7.1% | +12.7% | -5.1% |
| YoY Change | — | — | — | — | +17.3% | +29.1% | +11.2% | +16.2% | +0.2% | -1.6% | -4.4% | -4.9% | -1.6% | -7.3% | +0.1% | -3.6% | +13.9% | +9.9% | +10.0% | +6.5% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Domestic Site Leasing Revenue | $33.61M | $32.11M | $32.56M | $31.01M | $31.52M | $30.89M | $36.04M | $31.36M |
| International Site Leasing Revenue | $15.78M | $15.26M | $17.84M | $17.42M | $20.80M | $16.71M | $17.93M | $18.31M |
| All Other Segments | $10.05M | $9.87M | $13.43M | $14.57M | $15.64M | $15.02M | $17.14M | $17.30M |
| Site Development Construction | $2.94M | $2.85M | $3.76M | $3.22M | $3.07M | $3.39M | $3.26M | $3.58M |
| Total | $62.38M | $60.09M | $67.60M | $66.22M | $71.02M | $66.01M | $74.36M | $70.55M |