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| Date | Value |
|---|---|
| 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 |