Concentration of Risk

SBA COMMUNICATIONS CORP

Medium

SBAC · Nasdaq · Real Estate Investment Trusts · CIK 0001034054

Latest filing: 10-K · 2026-02-27

Customer concentration

Significant Customers note · revenue dependency

High
Top exposure
31.1%
T-MobileNamed
Other major customers
AT&T Wireless20.3%
Verizon Wireless15.1%
Each is a separate customer disclosed individually — the figures are not sub-parts of the headline and may be measured against different revenue bases, so they are not additive.
Flat

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FY250%8%16%24%32%

Geographic concentration

Segment reporting · geographic revenue

Low
Top exposure
13.6%
Brazil (Brazilian Reais-denominated revenue as % of total site leasing revenue)Named
Flat

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FY250%4%8%12%16%

Supplier concentration

Risk Factors · supply chain dependency

Low
Dependency
Diversified
Diversified
Flat

Qualitative dependency level by filing year.

Product concentration

ASC 275 · disclosed dependence on a specific product or service

Low
Top exposure
<10%
No disclosure detected
Flat

Credit concentration

ASC 825 · concentration of credit risk note

High
Receivables
61%
Five Customers
Flat

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FY24FY250%20%40%60%80%