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Boston Omaha Posts Higher Revenue but Wider 2025 Loss

Story Highlights
  • Boston Omaha’s 2025 revenue grew to $114.4 million, but net loss widened to $12.4 million amid sizable unrealized and fair value investment losses.
  • The company closed 2025 with strong liquidity and $536.1 million in total equity, repurchasing shares and highlighting the significance of its sizable Sky Harbour investment on its balance sheet.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Boston Omaha Posts Higher Revenue but Wider 2025 Loss

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An update from Boston Omaha ( (BOC) ) is now available.

Boston Omaha Corporation reported its full-year 2025 financial results on March 30, 2026, showing total revenues of $114.4 million, up from $108.3 million in 2024, driven by modest growth in billboard rentals, broadband services and insurance-related revenues. Despite higher revenues, the company posted a net loss attributable to common stockholders of $12.4 million, or $0.40 per share, a wider loss than the $1.3 million, or $0.04 per share, recorded in 2024, reflecting $14.5 million in net other expense tied largely to unrealized losses on Sky Harbour warrants and fair value changes in its real estate-related funds.

The company’s investment in Sky Harbour Class A common stock and warrants was carried at $79.3 million at year-end 2025, though management noted it would be valued at $109.7 million if the equity stake were marked to market, underscoring the balance sheet sensitivity to this holding. Boston Omaha ended 2025 with $50.2 million in unrestricted cash and investments, cash inflow from operations of $17.9 million, book value per share of $16.63, and total equity of $536.1 million, while also repurchasing 444,753 Class A shares for $5.8 million and slightly reducing stockholders’ equity compared with 2024 as it continued to allocate capital to buybacks and its diversified investment portfolio.

The most recent analyst rating on (BOC) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Boston Omaha stock, see the BOC Stock Forecast page.

Spark’s Take on BOC Stock

According to Spark, TipRanks’ AI Analyst, BOC is a Neutral.

The score is primarily supported by a strong balance sheet and robust revenue growth with high gross margins, but is held back by ongoing losses, negative free cash flow, and a clearly weak technical trend. Valuation is also constrained by negative earnings and no stated dividend yield.

To see Spark’s full report on BOC stock, click here.

More about Boston Omaha

Boston Omaha Corporation is a public holding company with four majority owned businesses operating in outdoor advertising, broadband telecommunications services, surety insurance and asset management. The company generates revenues from billboard rentals, broadband services, insurance premiums and commissions, and investment and other income, giving it exposure to both communications infrastructure and financial services markets.

Average Trading Volume: 132,587

Technical Sentiment Signal: Sell

Current Market Cap: $375.2M

For a thorough assessment of BOC stock, go to TipRanks’ Stock Analysis page.

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