SBA Communications Total Cost of Revenue decreased by 11.9% to $39.42M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.2%, from $38.19M to $39.42M. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 5.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests rising production costs or margin compression, while a decrease suggests improved operational efficiency.
Total cost of revenue includes the direct costs attributable to the production of goods or the delivery of services sold...
Varies by industry; for medical device manufacturers, this includes significant manufacturing and supply chain costs.
total_cost_of_revenue| 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 | $40.41M | $41.36M | $42.92M | $45.77M | $54.50M | $65.54M | $57.16M | $44.19M | $39.24M | $31.49M | $25.02M | $23.18M | $27.14M | $32.39M | $36.03M | $38.19M | $53.53M | $62.51M | $44.75M | $39.42M |
| QoQ Change | — | +2.3% | +3.8% | +6.6% | +19.1% | +20.3% | -12.8% | -22.7% | -11.2% | -19.7% | -20.6% | -7.4% | +17.1% | +19.4% | +11.2% | +6.0% | +40.2% | +16.8% | -28.4% | -11.9% |
| YoY Change | — | — | — | — | +34.9% | +58.5% | +33.2% | -3.5% | -28.0% | -51.9% | -56.2% | -47.5% | -30.8% | +2.9% | +44.0% | +64.8% | +97.2% | +93.0% | +24.2% | +3.2% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Domestic Site Leasing Revenue | $65.49M | $68.91M | $68.80M | $68.27M | $69.42M | $70.25M | $71.26M | $70.62M |
| International Site Leasing Revenue | $48.64M | $49.04M | $47.30M | $47.21M | $49.15M | $57.03M | $59.41M | $61.29M |
| Site Development Construction | $27.14M | $32.39M | $36.03M | $38.19M | $53.53M | $62.51M | $44.75M | $39.42M |
| Total | $27.14M | $32.39M | $36.03M | $38.19M | $53.53M | $62.51M | $44.75M | $39.42M |