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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Site leasing $ 631,788 $ 626,457 $ 1,247,997 $ 1,254,733
Site development 67,193 34,020 115,232 63,606
Total revenues 698,981 660,477 1,363,229 1,318,339
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):        
Cost of site leasing 118,571 114,131 234,049 228,944
Cost of site development 53,525 27,137 91,714 50,315
Selling, general, and administrative expenses [1] 71,022 62,376 137,241 131,074
Acquisition and new business initiatives related adjustments and expenses 5,887 6,574 13,266 13,991
Asset impairment and decommission costs 45,231 31,610 82,257 75,258
Depreciation, accretion, and amortization 69,964 64,179 135,012 140,929
Total operating expenses 364,200 306,007 693,539 640,511
Operating income 334,781 354,470 669,690 677,828
Other income (expense):        
Interest income 8,155 7,046 18,935 14,360
Interest expense (119,658) (97,530) (223,805) (193,921)
Non-cash interest expense (1,233) (7,080) (9,581) (15,523)
Amortization of deferred financing fees (5,415) (4,932) (10,849) (10,221)
Loss from extinguishment of debt, net       (4,428)
Other income (expense), net 44,123 (104,859) 76,286 (149,511)
Total other expense, net (74,028) (207,355) (149,014) (359,244)
Income before income taxes 260,753 147,115 520,676 318,584
(Provision) benefit for income taxes (35,059) 12,337 (77,078) (4,590)
Net income 225,694 159,452 443,598 313,994
Net loss attributable to noncontrolling interests 100 3,378 2,927 3,378
Net income attributable to SBA Communications Corporation $ 225,794 $ 162,830 $ 446,525 $ 317,372
Net income per common share attributable to SBA Communications Corporation:        
Basic $ 2.10 $ 1.52 $ 4.15 $ 2.94
Diluted $ 2.09 $ 1.51 $ 4.14 $ 2.93
Weighted-average number of common shares        
Basic 107,531 107,462 107,637 107,782
Diluted 107,797 107,679 107,968 108,148
[1] Includes non-cash compensation of $20,839 and $17,872 for the three months ended June 30, 2025 and 2024, respectively, and $35,914 and $38,645 for the six months ended June 30, 2025 and 2024, respectively.