SBA Communications Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- May 5, 2026
Revenue$0.70B
+6% year over year
Gross profit$0.53B
76% margin
Operating profit$0.34B
49% margin
Net profit$0.19B
26% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.70 | 100% | +6% |
| Domestic site leasing | 0.45 | 64% | −2% |
| International site leasing | 0.21 | 29% | +33% |
| Development construction | 0.05 | 7% | −2% |
| Cost of revenue | −0.17 | 24% | |
| Gross profit | 0.53 | 76% margin | −1pp |
| SG&A | −0.07 | 10% | +0pp |
| Other | −0.12 | 17% | +0pp |
| Operating profit | 0.34 | 49% margin | −2pp |
| Interest & other costs | −0.11 | ||
| Tax | −0.05 | ||
| Net profit | 0.19 | 26% margin | −7pp |
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