FINHUB Insights

SBAC · Q4 FY25 · Oct 1 – Dec 31, 2025

SBA Communications Q4 FY25: where the revenue came from and where it went

SBA Communications Q4 FY25: revenue $0.7B (+4% year over year). Net profit $0.37B. Largest cohort Domestic site leasing $0.47B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Feb 27, 2026 10-K
Sankey diagram of SBA Communications's income statement for Q4 FY25: revenue of $0.72 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.72B +4% year over year
Gross profit$0.54B 76% margin
Operating profit$0.30B 42% margin
Net profit$0.37B 51% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 0.72 100% +4%
Domestic site leasing 0.47 65% −2%
International site leasing 0.20 28% +16%
Development construction 0.05 7% +13%
Cost of revenue−0.1824%
Gross profit0.5476% margin−2pp
SG&A−0.0710%+1pp
Other−0.1724%+0pp
Operating profit0.3042% margin−14pp
Tax−0.06
Net profit0.3751%+26pp
Filing on EDGAR More quarters of SBAC

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.