SBA Communications Corporation (SBAC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 11.72B | 11.58B | 11.26B | 10.77B | 10.44B | 11.42B | 10.2B | 9.79B | 10B | 10.18B | 10.33B | 10.6B | 10.54B | 10.59B | 9.95B | 10.01B | 10.14B | 9.8B | 9.67B | 9.96B |
| Asset Growth % | 12.24% | 1.38% | 10.38% | 10.02% | 4.48% | 12.17% | -1.28% | -7.72% | -5.18% | -3.84% | 3.87% | 5.92% | 3.94% | 7.99% | 2.91% | 0.52% | 3.88% | 7.03% | 7.01% | 6.07% |
| Real Estate & Other Assets | 4.66B | 254.61M | 585.82M | 578.29M | 548.03M | 582.34M | 686.71M | 705.1M | 719.93M | 720.46M | 745.41M | 747.62M | 722.25M | 665.5M | 669.47M | 608.58M | 572.5M | 475.84M | 413.98M | 401.17M |
| PP&E (Net) | 3.42B | 3.87B | 7.08B | 7.02B | 6.49B | 6.39B | 6.49B | 6.23B | 6.34B | 6.43B | 6.51B | 6.6B | 6.61B | 6.6B | 5.97B | 6.04B | 6.05B | 5.81B | 5.84B | 5.93B |
| Investment Securities | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 767.49M | 1.1B | 812.52M | 523.81M | 933.32M | 1.98B | 450.27M | 460.01M | 447.6M | 484.27M | 459.98M | 518.62M | 471.55M | 482.73M | 529.81M | 494.9M | 539.42M | 614.45M | 403.79M | 482.23M |
| Cash & Equivalents | 269.06M | 432.37M | 430.31M | 275.27M | 636.45M | 189.84M | 186.34M | 220.51M | 240.31M | 208.55M | 190.54M | 179.17M | 152.77M | 143.71M | 201.21M | 183.07M | 263.57M | 367.28M | 187.81M | 273.8M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 58.77M | 0 | 143.91M | 41.4M | 48.57M | 1.23B | 81.99M | 76.19M | 43.17M | 54.73M | 58.07M | 95.89M | 60.87M | 55.41M | 97.26M | 89.87M | 92.63M | 81.17M | 84.34M | 75.14M |
| Intangible Assets | 2.88B | 2.88B | 2.73B | 2.58B | 2.4B | 2.39B | 2.49B | 2.31B | 2.4B | 2.46B | 2.52B | 2.63B | 2.69B | 2.78B | 2.7B | 2.8B | 2.91B | 2.8B | 2.91B | 3.05B |
| Total Liabilities | 16.47B | 16.35B | 16.12B | 15.64B | 15.35B | 16.47B | 15.33B | 15.06B | 15.18B | 15.31B | 15.47B | 15.66B | 15.77B | 15.83B | 15.27B | 15.41B | 15.53B | 15.07B | 14.61B | 14.78B |
| Total Debt | 15.42B | 15.32B | 15.02B | 14.81B | 14.64B | 15.76B | 14.52B | 14.3B | 14.43B | 14.46B | 14.77B | 14.89B | 15.13B | 15.17B | 14.63B | 14.78B | 14.94B | 14.52B | 14.1B | 14.24B |
| Net Debt | 15.15B | 14.89B | 14.59B | 14.53B | 14B | 15.57B | 14.34B | 14.08B | 14.19B | 14.25B | 14.58B | 14.71B | 14.97B | 15.03B | 14.43B | 14.6B | 14.67B | 14.16B | 13.91B | 13.97B |
| Long-Term Debt | 10.28B | 10.96B | 11.93B | 11.74B | 11.65B | 12.4B | 12.3B | 10.47B | 10.55B | 11.68B | 12.49B | 12.57B | 12.8B | 12.84B | 11.7B | 11.82B | 11.97B | 12.28B | 11.82B | 11.91B |
| Short-Term Borrowings | 2.68B | 2.24B | 772.56M | 772.18M | 771.8M | 1.19B | 23M | 1.81B | 1.81B | 643.14M | 24M | 24M | 24M | 24M | 663.18M | 662.72M | 662.26M | 24M | 24M | 24M |
| Capital Lease Obligations | 2.46B | 2.12B | 2.31B | 2.29B | 2.21B | 2.16B | 2.2B | 2.02B | 2.08B | 2.14B | 2.25B | 2.29B | 2.3B | 2.3B | 2.27B | 2.3B | 2.31B | 2.22B | 2.25B | 2.31B |
| Total Current Liabilities | 3.35B | 2.24B | 1.61B | 1.43B | 1.34B | 1.8B | 667.84M | 2.46B | 2.41B | 1.36B | 663.15M | 738.39M | 638.78M | 696.76M | 1.34B | 1.32B | 1.28B | 616.33M | 592.02M | 626.01M |
| Accounts Payable | 63.55M | 73.03M | 219.72M | 60.82M | 65.04M | 59.55M | 54.44M | 50.74M | 45.76M | 42.2M | 46.61M | 47.03M | 53.55M | 51.43M | 51.31M | 41.45M | 40.58M | 34.07M | 34.79M | 34.6M |
| Deferred Revenue | 103.65M | 117.31M | 132.34M | 125.37M | 110.37M | 127.31M | 183.98M | 191.32M | 161.13M | 235.67M | 185.79M | 242M | 145.4M | 179.74M | 216.93M | 199.83M | 195.55M | 190.03M | 184.34M | 177M |
| Other Liabilities | 613.49M | 589.54M | 554.22M | 466.34M | 406.21M | 367.94M | 432.16M | 373.7M | 411.39M | 404.16M | 332.22M | 330.84M | 302.72M | 248.07M | 221.02M | 227.58M | 232.8M | 191.47M | 183.55M | 185.59M |
| Total Equity | -4.75B | -4.78B | -4.86B | -4.87B | -4.91B | -5.06B | -5.13B | -5.28B | -5.19B | -5.14B | -5.13B | -5.05B | -5.23B | -5.24B | -5.32B | -5.4B | -5.39B | -5.27B | -4.94B | -4.82B |
| Equity Growth % | 3.19% | 5.55% | 5.24% | 7.62% | 5.36% | 1.56% | 0.11% | -4.38% | 0.85% | 2.07% | 3.62% | 6.37% | 2.93% | 0.41% | -7.71% | -11.9% | -7.11% | -9.5% | -10.55% | -12.44% |
| Shareholders Equity | -4.75B | -4.85B | -4.93B | -4.94B | -4.97B | -5.11B | -5.17B | -5.32B | -5.22B | -5.17B | -5.17B | -5.09B | -5.27B | -5.28B | -5.36B | -5.44B | -5.43B | -5.28B | -4.96B | -4.84B |
| Minority Interest | 0 | 78.26M | 76.61M | 65.16M | 62.6M | 54.13M | 49.09M | 40.82M | 36.58M | 35.05M | 35.05M | 37.57M | 38.18M | 31.73M | 40.62M | 39.88M | 36.04M | 17.25M | 15.18M | 15.18M |
| Common Stock | 1.06M | 1.06M | 1.07M | 1.07M | 1.08M | 1.08M | 1.07M | 1.07M | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M | 1.09M | 1.09M | 1.09M |
| Additional Paid-in Capital | 3.08B | 3.06B | 3.04B | 3.02B | 2.99B | 2.98B | 2.94B | 2.93B | 2.92B | 2.89B | 2.85B | 2.82B | 2.8B | 2.8B | 2.76B | 2.72B | 2.69B | 2.68B | 2.71B | 2.66B |
| Retained Earnings | -7.2B | -7.25B | -7.28B | -7.25B | -7.23B | -7.33B | -7.39B | -7.55B | -7.51B | -7.45B | -7.42B | -7.36B | -7.47B | -7.48B | -7.51B | -7.53B | -7.52B | -7.2B | -6.89B | -6.76B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.59% | 3.24% | 2.15% | 2.13% | 2.02% | 1.61% | 2.59% | 1.65% | 1.53% | 1.07% | 0.83% | 1.93% | 0.96% | 1.01% | 1% | 0.69% | 1.89% | 0.5% | 0.49% | 1.55% |
| Return on Equity (ROE) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | 131.53% | 132.35% | 133.36% | 137.52% | 140.2% | 138% | 142.34% | 146.1% | 144.39% | 142.1% | 142.89% | 140.4% | 143.48% | 143.33% | 147.08% | 147.67% | 147.27% | 148.16% | 145.82% | 142.97% |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 35.71x | 31.69x | 32.34x | 35.90x | 35.02x | 34.79x | 32.65x | 33.63x | 35.47x | 37.41x | 33.96x | 34.77x | 36.83x | 35.98x | 34.62x | 35.84x | 37.52x | 38.54x | 36.35x | 37.22x |
| Book Value per Share | -44.78 | -44.77 | -45.05 | -45.21 | -45.39 | -46.77 | -47.50 | -49.00 | -47.75 | -47.30 | -47.12 | -46.42 | -47.87 | -47.98 | -48.69 | -49.37 | -49.20 | -47.56 | -44.31 | -43.35 |