Sba Communications (SBAC) Operating Expenses (2010 - 2026)

Sba Communications (SBAC) recorded quarterly Operating Expenses of $128.5 million in Q1 2026, down 88.61% quarter-over-quarter from $1.1 billion in Q4 2025, and up 23.41% on a YoY basis from $104.1 million in Q1 2025.

Sba Communications (SBAC) Operating Expenses (2010 - 2026) Analysis & Trends

Sba Communications' Operating Expenses history runs 17 years deep, the most recent figure standing at $128.5 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 23.41% year-over-year to $128.5 million; the TTM figure through Mar 2026 stood at $1.7 billion (up 182.67% YoY), while the FY2025 annual figure was $1.5 billion, up 268.29% from the prior year.
  • Operating Expenses was $128.5 million for Q1 2026 at Sba Communications, down from $1.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.1 billion in Q4 2025 to a low of -$922.2 million in Q4 2023.
  • Historically, Operating Expenses has averaged $203.3 million across 5 years, with a median of $120.2 million in 2025.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses tumbled 304.29% in 2023, then surged 924.45% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $451.4 million in 2022, then sank by 304.29% to -$922.2 million in 2023, then soared by 111.94% to $110.1 million in 2024, then soared by 924.45% to $1.1 billion in 2025, then tumbled by 88.61% to $128.5 million in 2026.
  • The last three Operating Expenses figures came in at $128.5 million (Q1 2026), $1.1 billion (Q4 2025), and $120.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 1.87 Bn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 63.76 Bn 62.92 Bn - 1.37 Bn
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 545.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 1.54 Bn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 128.53 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 399.87 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 86.64 Mn
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 373.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 128.53 Mn
Dec 31, 2025 1.13 Bn
Sep 30, 2025 120.15 Mn
Jun 30, 2025 364.20 Mn
Mar 31, 2025 104.15 Mn
Dec 31, 2024 110.15 Mn
Sep 30, 2024 95.71 Mn
Jun 30, 2024 306.01 Mn
Mar 31, 2024 334.50 Mn
Dec 31, 2023 -922.22 Mn
Sep 30, 2023 433.94 Mn
Jun 30, 2023 101.29 Mn
Mar 31, 2023 101.23 Mn
Dec 31, 2022 451.43 Mn
Sep 30, 2022 432.60 Mn
Jun 30, 2022 84.32 Mn
Mar 31, 2022 82.25 Mn
Dec 31, 2021 397.76 Mn
Sep 30, 2021 377.53 Mn
Jun 30, 2021 375.76 Mn