SBA COMMUNICATIONS CORP (SBAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0.26% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

110M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

SBAC currently has 107M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.26% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Nov 06, 2025	10-Q filing \| 107.3M shares outstanding	110M
May 01, 2025	10-Q filing \| 107.7M shares outstanding	110M
Feb 26, 2025	10-K filing \| 107.6M shares outstanding	110M
Nov 01, 2024	10-Q filing \| 107.5M shares outstanding	110M
Aug 02, 2024	10-Q filing \| 107.5M shares outstanding	110M
May 06, 2024	10-Q filing \| 108.1M shares outstanding	110M
Feb 28, 2024	10-K filing \| 108.2M shares outstanding	110M
Nov 07, 2023	10-Q filing \| 108.4M shares outstanding	110M
Aug 03, 2023	10-Q filing \| 108.4M shares outstanding	110M
May 09, 2023	10-Q filing \| 108.1M shares outstanding	110M
Mar 01, 2023	10-K filing \| 108.0M shares outstanding	110M
Nov 03, 2022	10-Q filing \| 107.9M shares outstanding	110M
Aug 04, 2022	10-Q filing \| 107.9M shares outstanding	110M
Apr 29, 2022	10-Q filing \| 108.1M shares outstanding	110M
Mar 01, 2022	10-K filing \| 109.3M shares outstanding	110M
Nov 05, 2021	10-Q filing \| 109.6M shares outstanding	110M
Aug 05, 2021	10-Q filing \| 109.4M shares outstanding	110M
May 06, 2021	10-Q filing \| 109.5M shares outstanding	110M
Feb 25, 2021	10-K filing \| 111.5M shares outstanding	110M
Nov 05, 2020	10-Q filing \| 111.8M shares outstanding	110M
Aug 06, 2020	10-Q filing \| 111.7M shares outstanding	110M
May 06, 2020	10-Q filing \| 111.9M shares outstanding	110M
Feb 24, 2020	10-K filing \| 112.8M shares outstanding	110M

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