Boston Omaha Corp (BOC) Income Statement
BOC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBOC revenue and net income
Where BOC's revenue goes
2025Each bar shows an amount and its share of revenue. BOC kept −10.9% of revenue as net income.
BOC profit margins
BOC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.6% | +12.1% | +20.1% | +65.9% |
| Gross profit | +34.5% | +22.2% | +29.6% | +70.0% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BOC quarterly EPS vs estimates
Boston Omaha beat the analyst EPS estimate in 1 of the last 6 quarters. Next report: November 12, 2026 (estimate $-0.02).
BOC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114.4M | $108.3M | $96.3M | $81.2M | $57.0M | $45.7M | $41.4M | $20.0M | $9.0M | $3.8M |
| Cost of revenue | $14.9M | $34.3M | $31.9M | $26.7M | $18.6M | $18.5M | $17.6M | $7.6M | $3.4M | $1.3M |
| Gross profit | $99.4M | $73.9M | $64.4M | $54.5M | $38.4M | $27.2M | $23.8M | $12.4M | $5.6M | $2.6M |
| Sales, general & admin | $20.0M | $59.3M | $53.3M | $44.5M | $51.7M | $24.2M | $22.0M | $16.3M | $8.5M | $3.8M |
| Total operating expenses | $103.4M | $82.4M | $73.2M | $59.8M | $62.1M | $32.2M | $36.2M | $24.4M | $12.4M | $5.7M |
| Operating income | −$3.9M | −$8.5M | −$8.9M | −$5.2M | −$23.8M | −$5.0M | −$12.4M | −$12.3M | −$6.8M | −$3.1M |
| Interest income | $1.2M | $1.4M | $2.6M | $17.8M | $676,618 | $1.7M | $3.2M | $2.0M | $293,470 | $35,060 |
| Interest expense | $2.3M | $1.6M | $1.1M | $1.2M | $956,050 | $841,828 | $302,749 | $1,804 | $8,255 | $7,798 |
| Income before taxes | −$18.4M | $3.1M | −$9.1M | $7.9M | $73.2M | −$2.4M | −$1.5M | −$9.2M | −$6.5M | −$3.2M |
| Income taxes | −$79,258 | −$274,821 | −$3.0M | −$2.5M | $17.7M | $6.1M | $787,773 | −$415,000 | $366,009 | $287,786 |
| Net income | −$12.4M | −$1.3M | −$7.0M | $10.2M | $52.7M | −$49,089 | −$1.5M | −$9.1M | −$6.5M | −$3.2M |
| EBITDA | $14.6M | $32.6M | $17.3M | $29.7M | $88.8M | $10.2M | $16.2M | −$1.0M | −$3.1M | −$1.5M |
| EPS (diluted) | −$0.39 | −$0.04 | −$0.23 | −$0.04 | $0.45 | −$0.05 | −$0.20 | −$0.46 | −$0.62 | −$0.25 |
| Gross margin | 86.9% | 68.3% | 66.9% | 67.1% | 67.4% | 59.5% | 57.4% | 62.1% | 61.9% | 67.1% |
| Operating margin | −3.4% | −7.8% | −9.2% | −6.4% | −41.7% | −10.9% | −30.0% | −61.2% | −75.1% | −81.6% |
| Net margin | −10.9% | −1.2% | −7.3% | 12.6% | 92.6% | −0.1% | −3.6% | −45.5% | −71.8% | −82.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.2M | $28.2M | $29.7M | $28.7M | $28.2M | $27.7M | $27.9M | $27.7M | $27.1M | $25.6M | $24.7M | $24.5M |
| Cost of revenue | $6.2M | $3.5M | $10.7M | $3.8M | $9.6M | $9.1M | $8.5M | $9.0M | $8.6M | $8.2M | $8.7M | $8.0M |
| Gross profit | $16.0M | $24.8M | $19.0M | $25.0M | $18.6M | $18.6M | $19.4M | $18.7M | $18.5M | $17.4M | $16.0M | $16.6M |
| Sales, general & admin | $10.3M | $5.0M | $13.8M | $5.3M | $13.4M | $13.3M | $13.1M | $13.7M | $17.5M | $13.8M | $12.8M | $13.5M |
| Total operating expenses | $16.6M | $26.9M | $20.3M | $26.0M | $19.5M | $19.4M | $20.7M | $19.4M | $22.9M | $19.4M | $18.3M | $18.5M |
| Operating income | −$603,000 | −$2.2M | −$1.3M | −$1.1M | −$820,490 | −$797,403 | −$1.3M | −$740,022 | −$4.4M | −$2.1M | −$2.3M | −$1.9M |
| Interest income | $258,000 | $271,000 | $311,060 | $347,025 | $242,089 | $302,918 | $201,242 | $331,627 | $313,775 | $539,240 | $688,205 | $1.1M |
| Interest expense | $607,000 | $609,000 | $565,126 | $650,119 | $573,078 | $541,720 | $481,101 | $466,744 | $368,370 | $282,033 | $284,433 | $287,084 |
| Income before taxes | −$3.1M | −$3.2M | −$5.3M | −$5.2M | −$5.3M | −$2.6M | $11.1M | −$1.8M | −$2.0M | −$4.2M | −$2.6M | −$3.2M |
| Income taxes | −$448,000 | −$669,000 | $1.7M | −$2.6M | −$743,706 | −$186,935 | $1.2M | −$533,144 | −$22,046 | −$937,193 | −$1.7M | −$717,596 |
| Net income | −$1.6M | −$2.1M | −$6.9M | −$2.6M | −$2.3M | −$669,285 | $5.3M | −$1.6M | −$2.2M | −$2.8M | −$3.6M | −$1.6M |
| EBITDA | $9.2M | $4.0M | $3.2M | $3.6M | $2.8M | $5.3M | $18.8M | $5.6M | $5.2M | $2.9M | $3.2M | $3.4M |
| EPS (diluted) | −$0.05 | −$0.07 | −$0.22 | −$0.08 | −$0.07 | −$0.02 | $0.17 | −$0.05 | −$0.07 | −$0.09 | −$0.12 | −$0.05 |
| Gross margin | 72.1% | 87.6% | 64.0% | 86.8% | 66.1% | 67.3% | 69.5% | 67.5% | 68.2% | 67.9% | 64.8% | 67.4% |
| Operating margin | −2.7% | −7.8% | −4.4% | −3.7% | −2.9% | −2.9% | −4.6% | −2.7% | −16.2% | −8.1% | −9.3% | −7.9% |
| Net margin | −7.3% | −7.6% | −23.1% | −9.0% | −8.2% | −2.4% | 19.1% | −5.8% | −8.3% | −11.0% | −14.5% | −6.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BOC's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BOC financial results
In fiscal year 2025 (ended December 31, 2025), Boston Omaha reported revenue of $114.4 million, up 5.6% from the year before. It had a net loss of $12.4 million, a net profit margin of −10.9%. Diluted earnings per share came to −$0.39. Over five years revenue grew at an average rate of 20.1% a year.
See the BOC stock overview for the latest quote and news, or the BOC chart for price history and technical indicators.
BOC income statement FAQ
What is Boston Omaha's annual revenue?
Boston Omaha reported total revenue of $114.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.6% from $108.3 million the previous year.
Is Boston Omaha profitable?
No. Boston Omaha reported a net loss of $12.4 million in fiscal 2025, a net profit margin of −10.9%; its operating margin was −3.4%.
What is Boston Omaha's gross margin?
Boston Omaha's gross margin was 86.9% in fiscal 2025: for every $100 of revenue, Boston Omaha kept $87 after the direct cost of its products and services.
How fast is Boston Omaha growing?
Revenue grew 20.1% a year on average over the last five fiscal years, from $45.7 million to $114.4 million.
What are Boston Omaha's earnings per share?
Boston Omaha earned $-0.39 per diluted share in fiscal 2025, compared with $-0.04 a year earlier.
When will Boston Omaha report its next earnings?
Boston Omaha is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Boston Omaha's fiscal year end?
Boston Omaha's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.