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

Sba Communications' (SBAC) quarterly Operating Expenses came in at $360.6 million in Q1 2026, up 246.23% year-on-year from $104.1 million in Q1 2025, and up 161.77% quarter-over-quarter from -$583.8 million in Q4 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 $360.6 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 246.23% year-over-year to $360.6 million in Q1 2026; TTM through Mar 2026 was $499.2 million, a 65.81% decrease from a year earlier, with the FY2025 full-year figure at $467.9 million, down 62.38% from the prior year.
  • Operating Expenses advanced to $360.6 million in Q1 2026 per SBAC's latest filing, from -$583.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q4 2022 and bottomed at -$583.8 million in Q4 2025.
  • The 5-year median for Operating Expenses is $306.0 million (2024), against an average of $306.9 million.
  • Across the five-year window, Operating Expenses soared 1650.74% in 2022 and tumbled 161.18% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $1.5 billion in 2022, then tumbled by 68.01% to $465.3 million in 2023, then surged by 105.06% to $954.2 million in 2024, then sank by 161.18% to -$583.8 million in 2025, then soared by 161.77% to $360.6 million in 2026.
  • Per Business Quant, the three latest SBAC Operating Expenses figures stand at $360.6 million (Q1 2026), -$583.8 million (Q4 2025), and $358.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 102.00 Bn 98.94 Bn 1.26 Bn 1.87 Bn
2 American Tower 76.76 Bn 83.27 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 61.91 Bn 61.08 Bn - 1.37 Bn
4 Iron Mountain 37.06 Bn 37.09 Bn 1.05 Bn 1.54 Bn
5 Crown Castle 32.50 Bn 32.44 Bn 23.00 Mn 545.00 Mn
6 Sba Communications 18.50 Bn 18.59 Bn 532.10 Mn 360.59 Mn
7 Weyerhaeuser 17.05 Bn 16.75 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 15.99 Bn 15.96 Bn 344.69 Mn 381.94 Mn
9 Gaming & Leisure Properties 12.58 Bn 12.98 Bn - 86.64 Mn
10 Rayonier 6.43 Bn 5.79 Bn 46.45 Mn 322.44 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 360.59 Mn
Dec 31, 2025 -583.79 Mn
Sep 30, 2025 358.16 Mn
Jun 30, 2025 364.20 Mn
Mar 31, 2025 104.15 Mn
Dec 31, 2024 954.24 Mn
Sep 30, 2024 95.71 Mn
Jun 30, 2024 306.01 Mn
Mar 31, 2024 96.39 Mn
Dec 31, 2023 465.34 Mn
Sep 30, 2023 99.32 Mn
Jun 30, 2023 101.29 Mn
Mar 31, 2023 451.38 Mn
Dec 31, 2022 1.45 Bn
Sep 30, 2022 86.96 Mn
Jun 30, 2022 421.03 Mn
Mar 31, 2022 82.25 Mn
Dec 31, 2021 83.08 Mn
Sep 30, 2021 377.53 Mn
Jun 30, 2021 90.54 Mn