SBA Communications Q2 FY25: where the revenue came from and where it went
The whole income statement of SBA Communications for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 7, 2025
Revenue$0.70B
+6% year over year
Gross profit$0.53B
75% margin
Operating profit$0.34B
48% margin
Net profit$0.23B
32% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.70 | 100% | +6% |
| Domestic site leasing | 0.47 | 67% | +1% |
| International site leasing | 0.16 | 23% | −1% |
| Development construction | 0.07 | 10% | +98% |
| Cost of revenue | −0.17 | 25% | |
| Gross profit | 0.53 | 75% margin | −3pp |
| SG&A | −0.07 | 10% | +1pp |
| Other | −0.12 | 17% | +0pp |
| Operating profit | 0.34 | 48% margin | −6pp |
| Interest & other costs | −0.07 | ||
| Tax | −0.04 | ||
| Net profit | 0.23 | 32% margin | +8pp |
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