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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $715.27M | $703.44M | $719.58M | $732.33M | $698.98M | $664.25M | $693.70M | $667.60M |
| Cost of revenue | $176.00M | $171.34M | $175.42M | $189.79M | $172.10M | $153.67M | $152.13M | $150.34M |
| Gross profit | $539.27M | $532.10M | $544.16M | $542.54M | $526.89M | $510.58M | $541.57M | $517.26M |
| Gross margin | 75.4% | 75.6% | 75.6% | 74.1% | 75.4% | 76.9% | 78.1% | 77.5% |
| Selling, general and administrative | $77.55M | $70.55M | $74.36M | $66.01M | $71.02M | $66.22M | $67.60M | $60.09M |
| Operating expenses | $187.41M | $189.25M | $245.24M | $168.37M | $192.10M | $175.67M | $159.23M | $141.66M |
| Operating income | $351.86M | $342.85M | $298.93M | $374.17M | $334.78M | $334.91M | $382.34M | $375.60M |
| Operating margin | 49.2% | 48.7% | 41.5% | 51.1% | 47.9% | 50.4% | 55.1% | 56.3% |
| EBITDA | $461.72M | $461.55M | $469.80M | $476.53M | $455.86M | $444.36M | $473.98M | $457.17M |
| Interest income | $5.63M | $5.21M | $7.22M | $5.52M | $8.16M | $10.78M | $20.60M | $7.00M |
| Interest expense | −$130.24M | −$128.53M | −$154.67M | −$120.15M | −$120.89M | −$104.15M | −$159.07M | −$95.71M |
| Income before taxes | $232.47M | $236.01M | $432.28M | $289.08M | $260.75M | $259.93M | $155.87M | $298.21M |
| Income taxes | $36.00M | $51.11M | $61.85M | $48.65M | $35.06M | $42.02M | −$22.92M | $42.32M |
| Net income | $196.47M | $184.90M | $370.43M | $240.43M | $225.69M | $217.91M | $178.79M | $255.89M |
| Net margin | 27.5% | 26.3% | 51.5% | 32.8% | 32.3% | 32.8% | 25.8% | 38.3% |
| EPS, basic | $1.87 | $1.75 | $3.48 | $2.21 | $2.10 | $2.05 | $1.61 | $2.41 |
| EPS, diluted | $1.87 | $1.74 | $3.47 | $2.20 | $2.09 | $2.04 | $1.61 | $2.40 |
| Diluted shares | 106.26M | 106.11M | 106.64M | 107.56M | 107.80M | 108.14M | 108.10M | 107.92M |
Figures describe SBA Communications shares, not any token. As of Aug 6, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.