SBAC Q1 2023 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q1 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$676M+9.0% YoY

Gross Profit

$505M74.8% margin

Operating Income

$224M33.2% margin

Net Income

$101M15.0% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$311M

Free Cash Flow

$262M

Stock-Based Comp.

$26M

Balance Sheet

Total Assets

$10.5B

Total Liabilities

$15.8B

Stockholders' Equity

-$5.3B

Cash & Equivalents

$153M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$676M	$620M	+9.0%
Gross Profit	$505M	$462M	+9.4%
Operating Income	$224M	$217M	+3.4%
Net Income	$101M	$189M	-46.3%

Revenue Segments

Domestic Site Leasing Revenue

$455M67%

International Site Leasing Revenue

$162M24%

Site Development Construction

$58M9%