NYSE$BOC

Boston Omaha Corporation · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Boston Omaha Corporation reported its financial results for the first quarter ended March 31, 2026.

Boston Omaha Corporation's Q1 2026 results showed total revenues of $28.2 million, up 1.9% from the prior year. The company reported a net loss attributable to common stockholders of $2.1 million, or $0.07 per share, with improved performance in billboard and broadband segments offset by higher losses in insurance. The company continued share repurchases and capital investments in broadband infrastructure.

  • Total revenues increased 1.9% year-over-year to $28.2 million driven by growth in billboard rentals and broadband services.
  • Net loss from operations widened to $2.2 million primarily due to elevated loss and loss adjustment expenses in the insurance segment.
  • Billboard and broadband segments delivered positive segment income while the company invested $6.5 million in capital expenditures.
  • Continued execution of the 2025 Share Repurchase Program with $4.8 million in Class A common stock repurchases during the quarter.

Headline financials

Total Revenue

$28.2M

Previous: $27.7M+1.9%
EPS (adj)

-$0.07

Previous: -$0.02-250.0%
Total Liabilities

$173M

Previous: $171M+1.1%
Boston Omaha Stockholders' Equity

$509M

Previous: $533M-4.5%
Noncontrolling Interests

$13.9M

Previous: $26.5M-47.3%
Total Equity

$523M

Previous: $560M-6.5%
Depreciation and Amortization

$6.38M

No prior period
Capital Expenditures

-$6.48M

Previous: -$6.86M+5.5%
Free Cash Flow

-$2.62M

Previous: -$7.53M+65.2%
Net Income

-$2.15M

Previous: -$669K-221.1%
Operating Income

-$2.19M

Previous: -$797K-174.4%
Gross Profit

$17.5M

Previous: $18.6M-6.3%
Cash & Equivalents

$28.8M

Previous: $22.3M+29.3%
Total Assets

$696M

Previous: $731M-4.7%

Revenue & EPS history

Boston Omaha · Revenue · Quarterly

$28.2M

Q1 2026+1.9%vs Q1 2025
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

Boston Omaha · $28.2M total across 5 segments · Q1 2026

  • Billboard Rentals
    $11M—
  • Broadband Services
    $10.8M—
  • Premiums Earned
    $5.46M—
  • Insurance Commissions
    $631K—
  • Investment and Other Income
    $438K—

Forward guidance

The company continues to focus on organic growth and capital investments in its billboard and broadband segments while managing underwriting risks in insurance.

Tailwinds

  • Steady revenue growth in core billboard and broadband operations
  • Ongoing share repurchase activity returning capital to shareholders

Headwinds

  • Elevated loss expenses in the surety insurance business

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-1.5%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

36%

13 / 36 earnings

Positive

+10.3%

Q3 2020

Best reaction

-11.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026———
Q1 2026+2.6%+8.8%+21.2%
Q4 2025-2.8%-1.2%+1.6%
Q3 2025-6.7%-0.2%+9.9%
Q2 2025-9.6%-7.6%-1.5%
Q1 2025-6.2%-7.0%-8.5%
Q4 2024-0.5%+3.0%+7.3%
Q3 2024-6.6%-10.5%-5.6%
Q2 2024+1.1%+3.4%+9.9%
Q1 2024-2.2%-1.5%-0.8%
Q4 2023-4.3%-5.1%-1.5%
Q3 2023+5.2%+6.5%+11.8%
Q2 2023-1.6%-4.7%-5.4%
Q1 2023-1.7%-2.0%-0.8%
Q4 2022+5.5%+2.3%-4.3%
Q3 2022+6.0%+6.0%+2.9%
Q2 2022+4.8%+2.8%-2.6%
Q1 2022-0.1%-0.3%-0.2%
Q4 2021-0.5%-11.3%-25.0%
Q3 2021-3.9%-8.3%-19.5%
Q2 2021-5.2%-4.7%+1.8%
Q1 2021+1.0%+8.8%+13.5%
Q4 2020-7.5%-15.6%-21.3%
Q3 2020+10.3%+17.1%+35.4%
Q2 2020+1.9%-2.5%-3.2%
Q1 2020+1.7%-4.2%-14.5%
Q4 2019-11.3%-1.0%+19.8%
Q3 2019-4.5%-6.7%-11.5%
Q2 2019-1.3%+0.2%+2.2%
Q1 2019-6.4%-6.5%-9.4%
Q4 2018-0.1%-8.8%-7.9%
Q3 2018-10.8%-10.4%-15.0%
Q2 2018-6.0%-7.2%+34.7%
Q1 2018+0.9%-1.6%-10.2%
Q4 2017+1.1%+18.0%-4.1%
Q3 2017-2.2%-1.5%+31.1%
Q2 2017+7.8%+2.7%+9.9%
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———

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