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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Site leasing $ 616,209 $ 628,276
Site development 48,039 29,586
Total revenues 664,248 657,862
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing 115,478 114,813
Cost of site development 38,188 23,178
Selling, general, and administrative expenses [1] 66,219 68,698
Acquisition and new business initiatives related adjustments and expenses 7,379 7,417
Asset impairment and decommission costs 37,026 43,648
Depreciation, accretion, and amortization 65,048 76,750
Total operating expenses 329,338 334,504
Operating income 334,910 323,358
Other income (expense):    
Interest income 10,780 7,314
Interest expense (104,148) (96,390)
Non-cash interest expense (8,348) (8,443)
Amortization of deferred financing fees (5,434) (5,289)
Loss from extinguishment of debt, net   (4,428)
Other income (expense), net 32,165 (44,652)
Total other expense, net (74,985) (151,888)
Income before income taxes 259,925 171,470
Provision for income taxes (42,019) (16,927)
Net income 217,906 154,543
Net loss attributable to noncontrolling interests 2,826  
Net income attributable to SBA Communications Corporation $ 220,732 $ 154,543
Net income per common share attributable to SBA Communications Corporation:    
Basic $ 2.05 $ 1.43
Diluted $ 2.04 $ 1.42
Weighted-average number of common shares    
Basic 107,744 108,102
Diluted 108,140 108,616
[1] Includes non-cash compensation of $15,075 and $20,773 for the three months ended March 31, 2025 and 2024.