FINHUB Insights

SBA Communications Q3 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
Jul 1 – Sep 30, 2025
Reported
Nov 6, 2025 10-Q accession 0001034054-25-000010

Revenue$0.73B +10% year over year
Gross profit$0.54B 74% margin
Operating profit$0.37B 51% margin
Net profit$0.24B 32% margin
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The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 0.73 100% +10%
Domestic site leasing 0.47 64% +1%
International site leasing 0.19 26% +16%
Development construction 0.08 10% +81%
Cost of revenue−0.1926%
Gross profit0.5474% margin−3pp
SG&A−0.079%+0pp
Other−0.1014%
Operating profit0.3751% margin−5pp
Interest & other costs−0.09
Tax−0.05
Net profit0.24 32% margin−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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