SEC filings · customer concentration · SBAC

Sba Communications's major customers

T-Mobile accounted for 31% of Sba Communications's revenue in FY 2025, about the same as 31% a year earlier.

3major customers now
67%of revenue from them
0listed suppliers depending on it
2019–2026years covered
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Major customers of Sba Communications

Customers that Sba Communications named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
T-Mobile31%from 31%FY 2019: 35%FY 2020: 35%FY 2021: 36%FY 2022: 36%FY 2023: 33%FY 2024: 31%FY 2025: 31%7 yearsFY 2025 · filed 27 Feb 2026
AT&TT20%from 21%FY 2019: 24%FY 2020: 24%FY 2021: 22%FY 2022: 20%FY 2023: 20%FY 2024: 21%FY 2025: 20%7 yearsFY 2025 · filed 27 Feb 2026
VerizonVZ15%from 15%FY 2019: 14%FY 2020: 14%FY 2021: 15%FY 2022: 14%FY 2023: 15%FY 2024: 15%FY 2025: 15%7 yearsFY 2025 · filed 27 Feb 2026

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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