SBAC is the ticker symbol for SBA COMMUNICATIONS CORP, a publicly traded Real Estate sector company listed on Nasdaq. 13F Pro tracks SBAC with AI-powered analysis, a 32-signal quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is SBAC a good stock to buy?

SBAC is tracked on 13F Pro with SEC EDGAR data, but is not currently included in our 32-signal AI quality ranking. The full company profile with financials and AI insights is at https://13fpro.ai/company/SBAC.

Where does 13F Pro source SBAC data?

All SBA COMMUNICATIONS CORP fundamentals and ownership data come directly from SEC EDGAR. SBA COMMUNICATIONS CORP files with the SEC under CIK 1034054. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

SBA COMMUNICATIONS CORP(SBAC)— Stock Profile, AI Score & Financials

Real Estate · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated 2026-06-30.

SBA COMMUNICATIONS CORP (SBAC) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro tracks SBAC using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), SBA COMMUNICATIONS CORP reports quarterly revenue of $715.3M, net income of $198.8M, an operating margin of 49.2%. Top institutional holders of SBAC by reported 13-F value include DODGE & COX, BlackRock, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. SBAC trades on the Nasdaq exchange and files with the SEC under CIK 1034054. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SBAC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SBA COMMUNICATIONS CORP directly from SEC EDGAR.

AI Rank

#32

Revenue

$715.3M

Net Income

$198.8M

Free Cash Flow

$344.8M

Operating Margin

49.2%

SBAC key financials by period

SBA COMMUNICATIONS CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Operating margin
FY 2025	10-K	$2.8B	$1.1B	47.7%
FY 2024	10-K	$2.7B	$749.5M	53.6%
FY 2023	10-K	$2.7B	$501.8M	34.1%
FY 2022	10-K	$2.6B	$461.4M	35.1%
FY 2021	10-K	$2.3B	$237.6M	33.9%
FY 2020	10-K	$2.1B	$24.1M	30.4%

Institutions holding SBAC

Institutional investors reporting a position in SBA COMMUNICATIONS CORP on SEC Form 13F.
Institution	Shares	Value	Reported
DODGE & COX	12,323,254	$2.2B	2026-06-30
BlackRock	10,138,749	$1.8B	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT	9,817,059	$1.7B	2026-06-30
VANGUARD CAPITAL MANAGEMENT	6,936,972	$1.2B	2026-06-30
STATE STREET	5,119,264	$903.3M	2026-06-30
COHEN & STEERS	3,247,729	$573.1M	2026-06-30
GEODE CAPITAL MANAGEMENT	3,175,913	$558.4M	2026-06-30
JPMORGAN CHASE	2,707,005	$485.9M	2026-06-30
Invesco Ltd.	1,934,968	$341.4M	2026-06-30
DEUTSCHE BANK AG\	1,812,200	$319.8M	2026-06-30

SEC EDGAR: CIK 1034054 →

SBA COMMUNICATIONS CORP

SBAC

NasdaqLarge CapReal Estate

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What's Driving SBAC's Business? Latest 10-Q Breakdown

AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

Domestic site leasing$452.4M-3.7% YoY

Sprint, EchoStar, and other lease non-renewals, partially offset by contractual escalators, new leases, and towers acquired/built since April 2025

Site development$51.4M-23.5% YoY

Decreased carrier activity

Biggest Revenue Drivers

Total revenue: $715.3M+2% YoY

Domestic site leasing$452.4M-3.7% YoY

Sprint, EchoStar, and other lease non-renewals, partially offset by contractual escalators, new leases, and towers acquired/built since April 2025

Site development$51.4M-23.5% YoY

Decreased carrier activity

Largest Expense Items

Cost of site leasing$134.1M+13.1% YoY

Higher ground lease and operating costs from towers acquired and built, particularly in international markets

Selling, general, and administrative$77.5M+9.2% YoY

Higher non-cash compensation and personnel costs, partially offset by lower costs from market divestitures and lower bad debt expense

Margins: Operating margin improved to about 49.2% from 47.9% a year earlier, as international site leasing operating income grew 105.1% (constant currency), more than offsetting a 5.0% decline in domestic site leasing operating income from Sprint/EchoStar-driven churn.

Watch Items from the Filing

Company expects elevated churn through 2026: domestic churn of $132.0M-$136.0M of cash site leasing revenue (Sprint/EchoStar) and international churn of $36.0M-$40.0M (Oi wireline).
Brazil tax authorities have issued income tax deficiencies for 2017-2020; SBA estimates reasonably possible losses of up to $115.8M plus $194.3M of penalties/interest, though no liability is accrued.
Subsequent to quarter-end, SBA issued $3.5B of unsecured senior notes (2026 Senior Notes) to repay the $1.0B Revolving Credit Facility and $2.2B 2024 Term Loan, resetting its debt maturity profile.
Brazil represents about 30% of total towers and 14.5% of site leasing revenue for the quarter; a hypothetical 10% adverse move in the Brazilian Real would cut quarterly revenue and operating income by roughly 1.2% and 0.9%.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →