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Boston Omaha Corporation

Boston Omaha Corporation

NYSE•BOC
CEO: Mr. Adam Kenneth Peterson
Sector: Communication Services
Industry: Advertising Agencies
Listing Date: 2017-06-13
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc. and changed its name to Boston Omaha Corporation in March 2015. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.
Contact Information
1601 Dodge Street, Suite 3300, Omaha, NE, 68102, United States
857-256-0079
www.bostonomaha.com
Market Cap
$418.02M
P/E (TTM)
-1843.7
12.6
Dividend Yield
--
52W High
$15.75
52W Low
$11.30
52W Range
50%
Rank48Top 50.7%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$28.73M+3.73%
4-Quarter Trend

EPS

-$0.08+57.79%
4-Quarter Trend

FCF

-$489.41K-60.24%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Revenue Growth Total revenues reached $84.67B USD for nine months, marking a 5.4% increase over prior $80.34B USD period.
Insurance Premium Surge Earned premiums grew 18.4% to $16.77B USD for nine months, driven by strong underwriting and production increases.
Net Loss Improvement Attributable net loss narrowed to $5.58B USD for nine months, improving from $6.64B USD loss in prior year.
Financing Cash Flow Reversal Financing activities provided $5.26M USD cash, reversing prior period's $48.88M USD cash usage during nine months.

Risk Factors

Quarterly Net Loss Widened Quarterly net loss attributable to stockholders increased to $2.59B USD from $1.60B USD loss in Q3 2024.
Asset Management Winding Down BOAM segment revenues dropped sharply to $21.98K USD as winding down operations conclude for the nine months.
Investing Cash Flow Shift Investing activities shifted to net cash used of $2.28M USD, compared to $29.89M USD provided last year.
High Goodwill Balance Goodwill remains substantial at $182.38B USD on the balance sheet as of September 30, 2025, requiring monitoring.

Outlook

Future Financing Strategy May seek additional capital via debt or equity for future acquisitions and expansion efforts if cash is insufficient.
Billboard Growth Focus Continue acquiring billboard assets when prices are attractive relative to other opportunities generally available to us.
Broadband Expansion Plans Expect continued expansion in Arizona, Florida, Nevada, Utah, and other locales for fiber-to-the-home services.
New Share Repurchase Review Board currently considering establishing a new share repurchase program after the prior program expired September 30, 2025.

Peer Comparison

Revenue (TTM)

Advantage Solutions Inc.ADV
$3.50B
-6.7%
Gray Media, Inc.GTN
$3.35B
-3.3%
The Marcus CorporationMCS
$753.27M
+6.3%

Gross Margin (Latest Quarter)

Gray Media, Inc.GTN
96.4%
+66.5pp
The Marcus CorporationMCS
91.9%
+48.4pp
Anterix Inc.ATEX
91.3%
-8.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MCS$505.49M65.91.7%35.0%
GTN$492.56M2.67.0%54.7%
PERI$447.67M-87.7-0.7%2.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 26, 2026
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EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $28.73M+3.7%
    |
    EPS: $-0.08+57.8%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 13, 2025|
    Revenue: $28.20M+4.1%
    |
    EPS: $-0.07+5.1%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 14, 2025|
    Revenue: $27.73M+8.5%
    |
    EPS: $-0.02-76.2%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 30, 2025|
    Revenue: $108.27M+12.5%
    |
    EPS: $-0.04+82.2%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 28, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $27.70M+12.8%
    |
    EPS: $-0.05-3.2%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 13, 2024|
    Revenue: $27.09M+11.9%
    |
    EPS: $-0.07-242.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 14, 2024|
    Revenue: $25.55M+12.0%
    |
    EPS: $-0.09-18.5%
    Miss