SBAC SBA Communications

Q3 2025 10-Q

Filed: Nov 6, 2025Period ending Sep 30, 2025

Financials

Real Estate Investment TrustsSEC EDGAR

SBA Communications (SBAC) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $732.3M for Q3 2025, up 9.2% YoY from $667.6M; domestic site leasing up $5.4M (1.1%), international up $25.3M (13.9%), site development up $34.0M (81.2%)
• Operating margin 52.2% for Q3 2025 ($382.2M op profit / $732.3M revenue) slightly down 0.1% YoY; domestic site leasing op income down 4.6% to $309.5M, international up 24.9% to $72.7M

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Risk Factors

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Quarterly Financial Summary
XBRL

Revenue

$76M

Net Income

$237M

Net Margin

312.0%

Source: XBRL data from SBA Communications Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other SBA Communications Quarterly Reports

Q2 2025 10-Q

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