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Earnings Per Share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | 15.EARNINGS PER SHARE Basic earnings per share was computed by dividing net income attributable to SBA Communications Corporation by the weighted-average number of shares of Class A common stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income attributable to SBA Communications Corporation by the weighted-average number of shares of Class A common stock outstanding adjusted for any dilutive Class A common stock equivalents, including unvested RSUs, PSUs, and shares issuable upon exercise of stock options as determined under the “Treasury Stock” method. The following table sets forth basic and diluted net income per common share attributable to common shareholders for the three and nine months ended September 30, 2025 and 2024:
|  | For the three months |  | For the nine months
|  | ended September 30, |  | ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to SBA |  |  |  |  |  |  |  |  |  |  |  |
Communications Corporation |  | $ | 236,816 |  | $ | 258,534 |  | $ | 683,342 |  | $ | 575,906
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 107,257 |  |  | 107,486 |  |  | 107,509 |  |  | 107,683
Dilutive impact of stock options, RSUs, and PSUs |  |  | 302 |  |  | 436 |  |  | 322 |  |  | 389
Diluted weighted-average shares outstanding |  |  | 107,559 |  |  | 107,922 |  |  | 107,831 |  |  | 108,072
Net income per common share attributable to SBA |  |  |  |  |  |  |  |  |  |  |  |
Communications Corporation: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.21 |  | $ | 2.41 |  | $ | 6.36 |  | $ | 5.35
Diluted |  | $ | 2.20 |  | $ | 2.40 |  | $ | 6.34 |  | $ | 5.33
For the three and nine months ended September 30, 2025 and 2024, the diluted weighted-average number of common shares outstanding excluded an immaterial number of shares issuable related to the Company’s stock options, RSUs, and PSUs because the impact would be anti-dilutive.

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