SBAC SBA Communications

company

SEC Filings & Insider Trading Activity 2026

Business Overview

• • Independent wireless tower owner/operator; site leasing generates 97.9% of total segment operating profit in FY2025
• • Acquired 7,000+ sites from Millicom in Central America, plus 7-year exclusivity to build up to 2,500 BTS sites with 15-year initial lease terms
• • Exited Philippines, Colombia, and substantially all Canada operations; strategic consolidation toward higher-conviction markets in Central/South America and Africa
• • 1,844 total employees as of Dec 31, 2025, with 663 based outside U.S.; owns 46,328 towers across 12 international markets, averaging 1.8 tenants per site
• • Owns three regional data centers (two U.S., one Brazil) plus tower-based data centers, actively exploring edge computing at tower bases as emerging ancillary revenue stream

Risk Factors

• • Customer concentration: T-Mobile 31.1%, AT&T 20.3%, Verizon 15.1% of total revenue; site development segment 77.9% T-Mobile dependent
• • EchoStar default Dec 2025 causing ~$56M cash site leasing revenue churn in 2026; T-Mobile/Sprint overlap adding ~$75M churn over several years
• • Variable rate debt ~$2.7B (21.1% of $12.96B total indebtedness); shareholders' deficit $(4.85B); interest rate swap covers $2.0B at blended 5.165% through Apr 2028
• • Brazil tax assessment exposure up to $109.7M plus $172.8M penalties/interest; FX remeasurement swung from $(156.8M) loss to $81.6M gain year-over-year
• • International churn guidance $36-40M for 2026 as wireless consolidation pressures persist; 25% of revenue from international ops, 13.6% in Brazilian Reais

Management Discussion & Analysis

• • Total revenue $2.82B, up 5.5% YoY ($147M increase); domestic site leasing +0.2%, international +7.7%, site development +59.9%
• • Adjusted EBITDA $1.91B vs $1.89B prior year; total operating income $1.34B vs $1.44B, down 7.8% YoY driven by $184M asset impairment/decommission costs vs $108M prior year
• • Best segment: site development operating profit +33.4% to $45.5M; worst: domestic site leasing operating profit down 0.4% to $1.59B, pressured by Sprint/EchoStar churn
• • Operating cash flow $1.29B vs $1.33B; buybacks $497.8M (2.5M shares at avg $200.73); dividends $479M ($1.11/share quarterly); 2026 capex guided $497M–$527M total
• • 2026 domestic churn expected $132M–$136M, international $36M–$40M; elevated interest expense risk with $467.9M paid in 2025 vs $399.8M prior year

What are the latest SBAC SEC filings in 2026?

SBA Communications (SBAC) has filed a 10-K annual report on February 27, 2026, a 10-Q quarterly report on May 5, 2026, an 8-K current report on August 3, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did SBAC file its most recent 10-K annual report?

SBA Communications (SBAC) filed its most recent 10-K annual report on February 27, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view SBAC 10-Q quarterly reports?

SBA Communications (SBAC)'s most recent 10-Q quarterly report was filed on May 5, 2026. SignalX displays every SBAC 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has SBAC filed recently?

SBA Communications (SBAC)'s most recent 8-K was filed on August 3, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find SBAC insider trading activity (Form 4)?

SignalX aggregates every SBAC Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does SBAC file with the SEC?

SBA Communications (SBAC) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new SBAC filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for SBA Communications (SBAC).

What is SBAC's SEC CIK number?

SBA Communications (SBAC)'s SEC CIK (Central Index Key) number is 1034054. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1034054 to look up all SBAC filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find SBAC return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from SBA Communications (SBAC) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.