BOSTON OMAHA Corp

Listed Company

BOCCIK 0001494582NYSENon-AcceleratedReal Estate Operators (No Developers) & LessorsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$114.38M

Net Income

$-18.31M

Total Assets

—

Equity

—

Shares Out

30.25M

Op. Cash Flow

$17.86M

BOC$14.14+2.87% · past yearDBEQ Basic

Daily closing prices

Business

Boston Omaha Corporation operates four reportable business segments: outdoor billboard advertising (approximately 3,900 billboards with 7,500 advertising faces across the Southeast and Midwest), broadband services (approximately 49,500 customers across fiber and fixed wireless networks in Arizona, Nevada, and Utah), surety insurance and brokerage (licensed in all 50 states and District of Columbia), and asset management (winding down third-party fund operations). The company also holds minority investments in commercial real estate management, an automotive-loan-focused bank, and a publicly traded aviation infrastructure developer.

Summary from 10-K filed 2026-03-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Premiums earned	23	20	14	11	8
Insurance commissions	2	2	2	2	2
Investment and other income	2	2	2	662,270	339,061
Total Revenues	114	108	96	81	57
Employee costs	34	38	33	26	34
Professional fees	4	5	5	5	8
General and administrative	16	16	16	13	10
Amortization	8	8	7	6	5
Depreciation	17	14	12	9	6
(Gain) loss on disposition of assets	−35,839	720,691	84,414	−61,377	178,911
Accretion	217,876	218,472	216,501	—	—
Total Costs and Expenses	118	117	105	86	81
Segment (Loss) Income from Operations	−4	−8	−9	−5	−24
Interest and dividend income	1	1	3	434,941	999,682
Equity in income of unconsolidated affiliates	7	−17	−8	3	878,921
Other investment income (loss)	−20	29	6	−16	93
Interest expense	−2	−2	−1	—	—
Total	−18	3	−9	8	73
Income tax benefit	79,258	274,821	3	3	−18
Net (Loss) Income	−18	3	−6	10	55
Noncontrolling interest in subsidiary (income) loss	6	−5	−836,284	−145,716	−3
Net Income (Loss) Attributable to Common Stockholders	−12	−1	−7	10	53
Basic Net Loss per Share (in dollars per share)	−0.4	−0.04	−0.23	0.34	1.82
Diluted Net Loss per Share (in dollars per share)	−0.4	−0.04	−0.23	0.34	1.82
Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares)	31	31	31	30	29
Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares)	31	31	31	30	29

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	29	28	22	25	73
Cash held by BOAM funds and other	4	3	3	8	0
Accounts receivable, net	16	12	12	6	4
Short-term investments	28	45	25	6	5
Marketable equity securities	868,043	2	2	9	71
U. S. Treasury securities	21	11	47	34	88
Funds held as collateral assets	14	10	14	21	9
Prepaid expense and other current assets	6	5	—	—	—
Total Current Assets	119	117	131	114	391
Property and Equipment, net	173	162	144	116	76
Goodwill	182	182	182	179	151
Intangible assets, net	51	58	66	68	45
Investments	51	74	87	26	19
Investments in unconsolidated affiliates	75	72	94	118	62
Deferred policy acquisition costs	3	2	2	1	812,898
Right of use assets	58	60	61	65	61
Other	172,090	171,809	119,368	116,402	156,351
Total Other Assets	422	449	493	458	340
Total Assets	713	728	768	688	807
Accounts payable and accrued expenses	14	16	18	11	25
Short-term payables for business acquisitions	1	121,104	618,003	4	2
Lease liabilities	5	5	5	5	5
Funds held as collateral	14	10	14	21	9
Unpaid losses and loss adjustment expenses	7	6	—	—	—
Unearned premiums	14	13	10	7	5
Current maturities of long-term debt	2	1	814,667	2	1
Deferred revenue	3	3	3	3	2
Total Current Liabilities	60	55	51	53	54
Asset retirement obligations	4	4	4	4	3
Lease liabilities	54	55	56	59	56
Long-term debt, less current maturities	46	38	27	27	29
Other long-term liabilities	88,264	1	2	335,828	1
Deferred tax liability	12	12	12	15	18
Total Liabilities	177	166	152	158	166
Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding	0	0	0	0	0
Additional paid-in capital	541	539	523	484	484
Treasury stock, at cost, 561,868 and 111,323 shares, respectively	−7	−2	0	—	—
Accumulated deficit	−17	−5	16	23	12
Total Boston Omaha Stockholders' Equity	516	533	538	507	496
Noncontrolling interests	20	30	63	7	0
Total Equity	536	563	601	514	496
Total Liabilities and Stockholders' Equity	713	728	768	688	807

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of right of use assets	6	5	5	5	4
Depreciation, amortization, and accretion	25	22	20	15	10
Income taxes	−136,669	−290,427	—	—	—
Bad debt expense	385,091	318,520	252,957	163,584	52,334
Amortization of bond premium	−1	−1	0	—	—
Other investment loss (income)	20	−29	−6	16	—
Compensation paid in stock	1	917,795	640,370	0	—
Other	60,000	0	—	—	—
Accounts receivable	431,438	−610,863	−7	−1	−63,085
Interest receivable	27,165	101,869	10,584	−163,831	254,533
Prepaid expenses	−1	162,245	−880,197	−3	−367,474
Deferred policy acquisition costs	−782,855	−389,266	−517,135	−442,422	−122,343
Other assets	−281	−52,659	−2,966	39,951	34,837
Other liabilities, exclusive of debt	−74,724	−83,785	0	—	—
Accounts payable, accrued expenses, unpaid losses and loss adjustments, and other	−2	4	8	−12	17
Lease liabilities	−5	−5	−5	−5	−4
Unearned premiums	590,543	3	3	2	957,175
Deferred revenue	134,003	415,870	96,917	323,795	292,396
Net Cash Provided by Operating Activities	18	21	16	−5	8
Payments on short-term payables for business acquisitions	−14,513	−496,899	−4	−1	−425,875
Investment in unconsolidated affiliates	0	−21,000	−3	−45	−55
Capital expenditures	−28	−32	−52	−40	−21
Proceeds from sales of investments	288	355	304	211	1,700
Purchase of investments	−273	−294	−299	−116	—
Net Cash (Used in) Provided by Investing Activities	−14	28	−64	88	−46
Proceeds from issuance of stock	525,256	0	38	205,389	63
Proceeds from borrowings	12	14	0	—	—
Stock repurchased	−6	−18	0	—	—
Contributions from noncontrolling interests	378,290	206,082	6	8	0
Distributions to noncontrolling interests	−7	−38	−769,968	0	—
Repayments on borrowings	−2	−1	−1	−2	−1
Collateral receipt (release), net	4	−4	−7	12	−820,203
Offering costs	−3,286	0	−1	−242,866	−4
Net Cash Provided by (Used in) Financing Activities	1	−48	33	−110	65
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash	6	2	−15	−27	27
Interest Paid in Cash	2	2	1	1	923,376
Distribution receivable from real estate fund	4	0	—	—	—
Stock issued as consideration for redeemable noncontrolling interest	0	13	0	—	—
Investment transferred as compensation for stock repurchased	0	1	0	—	—

Filings

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Frequently asked questions

What is BOSTON OMAHA Corp's CIK number?

BOSTON OMAHA Corp's SEC CIK number is 0001494582 (1494582). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find BOSTON OMAHA Corp's SEC filings?

All of BOSTON OMAHA Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did BOSTON OMAHA Corp last report earnings?

BOSTON OMAHA Corp (BOC) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-017073). This is BOSTON OMAHA Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is BOSTON OMAHA Corp's most recent earnings 8-K?

BOSTON OMAHA Corp's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001437749-26-017073. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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