SBAC · 10-Q · 2026Q3 · Full report

Customer Revenue Concentration

SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 31 · Surprise 6

Brazil accounted for 14.1% of total site leasing revenue for the nine months ended September 30, 2026, and 14.2% for the third quarter. No other individual international market represented more than 5% of site leasing revenue in either period. No U.S. state or territory accounted for more than 10% of total revenue for the nine months ended September 30, 2026. As of September 30, 2026, Brazil and Guatemala accounted for approximately 30% and 10% of tower locations, respectively.

Key facts

• Brazil represented 14.2% of SBA's total site leasing revenue in Q3 2026; no other individual international market exceeded 5%. source
• Brazil represented 14.1% of SBA's total site leasing revenue for the nine months ended September 30, 2026; no other individual international market exceeded 5%. source