NYQ · Financial Statements

Boston Omaha Corporation (BOC) Financial Statements

$12.58 NYQ: BOC Market Cap $378.99M

Boston Omaha Corporation most recently reported annual revenue of $114.0M, a net loss of $12.0M. Revenue grew at an average annual rate of 19.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Boston Omaha Corporation: Revenue rose from $4.0M in 2016 to $114.0M in 2025, a change of +2750.0% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -81.6% to -3.4%, a shift of +78.2 percentage points; the most recent year shows a net loss of $12.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$4.0M$9.0M$20.0M$41.0M$46.0M$57.0M$81.0M$96.0M$108.0M$114.0M
Operating Expenses$7.0M$16.0M$32.0M$54.0M$51.0M$81.0M$86.0M$105.0M$117.0M$118.0M
Operating Profit$-3.0M$-7.0M$-12.0M$-12.0M$-5.0M$-24.0M$-5.0M$-9.0M$-8.0M$-4.0M
Operating Margin-81.6%-75.1%-61.2%-30.0%-10.9%-41.7%-6.4%-9.2%-7.8%-3.4%
Other Income$0$0$3.0M$11.0M$3.0M$97.0M$13.0M$0$12.0M$-14.0M
Interest$0$0$0$0$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M
Depreciation$2.0M$3.0M$8.0M$17.0M$12.0M$15.0M$21.0M$25.0M$28.0M$31.0M
Profit Before Tax$-3.0M$-6.0M$-9.0M$-1.0M$-2.0M$73.0M$8.0M$-9.0M$3.0M$-18.0M
Tax$0$0$0$0$0$24.2M$-31.8M$32.6M$-8.9M$430,000
Net Profit$-3.0M$-6.0M$-9.0M$-1.0M$0$53.0M$10.0M$-7.0M$-1.0M$-12.0M
EPS$-0.53$-0.60$-0.46$-0.07$0.00$1.82$0.34$-0.23$-0.04$-0.40
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$25.0M$25.0M$26.0M$27.0M$28.0M$28.0M$28.0M$28.0M$29.0M$30.0M$28.0M$22.0M
Operating Expenses$26.0M$27.0M$28.0M$31.0M$28.0M$29.0M$29.0M$29.0M$30.0M$31.0M$30.0M$23.0M
Operating Profit$-2.0M$-2.0M$-2.0M$-4.0M$-1.0M$-1.0M$-1.0M$-1.0M$-1.0M$-1.0M$-2.0M$-1.0M
Operating Margin-7.9%-9.3%-8.1%-16.2%-2.7%-4.6%-2.9%-2.9%-3.7%-4.5%-7.8%-2.7%
Interest$0$0$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Profit Before Tax$-3.0M$-3.0M$-4.0M$-2.0M$-2.0M$11.0M$-3.0M$-5.0M$-5.0M$-5.0M$-3.0M$-3.0M
Tax$22.6M$64.7M$22.4M$1.1M$29.5M$10.9M$7.2M$14.0M$49.9M$-31.4M$20.7M$14.4M
Net Profit$-2.0M$-4.0M$-3.0M$-2.0M$-2.0M$5.0M$-1.0M$-2.0M$-3.0M$-7.0M$-2.0M$-2.0M
EPS$-0.05$-0.11$-0.09$-0.07$-0.05$0.17$-0.02$-0.07$-0.08$-0.22$-0.07$-0.05

Over the 10 years reported for Boston Omaha Corporation, cash stood at $29.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.98 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$66.0M$153.0M$332.0M$437.0M$641.0M$807.0M$684.0M$768.0M$728.0M$713.0M
Current Assets$32.0M$94.0M$119.0M$162.0M$329.0M$391.0M$114.0M$131.0M$117.0M$119.0M
Cash$30.0M$7.0M$17.0M$16.0M$45.0M$73.0M$25.0M$22.0M$28.0M$29.0M
Inventory$0$-83.0M$0$0$0$-88.0M$-42.0M$0$0$0
Receivables$1.0M$1.0M$4.0M$5.0M$24.0M$5.0M$6.0M$12.0M$13.0M$16.0M
Fixed Assets$6.0M$9.0M$42.0M$90.0M$102.0M$138.0M$180.0M$206.0M$221.0M$231.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$3.0M$100.0M$126.0M$181.0M$288.0M$244.0M$193.0M$255.0M$205.0M$176.0M
Other Assets$17.0M$25.0M$99.0M$106.0M$124.0M$151.0M$179.0M$182.0M$182.0M$182.0M
Total Liabilities$3.0M$5.0M$16.0M$90.0M$114.0M$166.0M$157.0M$152.0M$166.0M$177.0M
Current Liabilities$3.0M$5.0M$12.0M$22.0M$34.0M$54.0M$53.0M$51.0M$55.0M$60.0M
Borrowings$0$0$0$70.0M$75.0M$91.0M$93.0M$89.0M$100.0M$108.0M
Other Liabilities$3.0M$5.0M$16.0M$20.0M$39.0M$76.0M$64.0M$63.0M$66.0M$69.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$62.0M$147.0M$315.0M$345.0M$382.0M$496.0M$504.0M$538.0M$533.0M$516.0M

For Boston Omaha Corporation, operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was negative at $10.0M; free cash flow was positive in 1 of 10 years; financing activities used $9.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-1.0M$-3.0M$0$10.0M$5.0M$8.0M$-5.0M$16.0M$21.0M$18.0M
Investing Cash Flow$-25.0M$-113.0M$-168.0M$-63.0M$-178.0M$-67.0M$-67.0M$-116.0M$-4.0M$-41.0M
Financing Cash Flow$0$-1.0M$-2.0M$0$2.0M$-5.0M$7.0M$-3.0M$-60.0M$-9.0M
Net Cash Flow$16.0M$-23.0M$11.0M$-2.0M$39.0M$27.0M$-39.0M$-15.0M$2.0M$6.0M
Free Cash Flow$-2.0M$-6.0M$-3.0M$7.0M$-3.0M$-13.0M$-45.0M$-36.0M$-11.0M$-10.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.02
EV / EBITDA35.85
FCF Yield-1.73%
Quick Ratio2.05
Interest Coverage-2.13
Return 1Y1.37%
Return 3Y-27.28%
Return 5Y-52.76%

Boston Omaha Corporation (BOC) financials — frequently asked questions

What is Boston Omaha Corporation's annual revenue?

Boston Omaha Corporation (BOC) reported annual revenue of $114.0M in its most recent fiscal year.

What is Boston Omaha Corporation's net profit?

Boston Omaha Corporation (BOC) reported a net loss of $12.0M in its most recent fiscal year.

What is BOC EV/EBITDA?

Boston Omaha Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 35.85.

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