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Boston Omaha (BOC) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Boston Omaha (BOC) Q2 2026 earnings results →
Q2 2026 Revenue up 2% year over year to $22.2M · 10¢ of every $1 of revenue lost · operating margin -2.7%
Boston Omaha made $22.2M in Q2 2026 (+2% Y/Y): Billboard Rentals $11.7M, Broadband Services $10.5M. Operating margin -2.7%, net loss $2.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $22.2M in Q2 2026, up 2% year over year and down 21% from the previous quarter. Billboard Rentals was the largest line at 53% of revenue. Billboard Rentals added $282K year over year (up 2%), 54% of the total change.
Gross margin was 72.1%, down 0.2 points from Q2 2025. Operating costs exceeded revenue by $603K, an operating margin of -2.7%. Operating expenses grew 3% against revenue growth of 2%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.6M loss. Minority interests bore $554K of it: to shareholders the quarter was a loss of $1.6M. Net interest and other expense of $2.0M was the main reason.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $22.2M | +2% | -2.7% | −$2.2M | — |
| Q1 2026 | 10-Q | May 14, 2026 | $28.2M | +2% | -7.7% | −$2.6M | $3.9M |
| Q4 2025 | 10-K | Mar 30, 2026 | $29.7M | +6% | -4.2% | −$7.0M | $5.8M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $28.7M | +4% | -3.7% | −$4.4M | $4.9M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $28.2M | +4% | -2.9% | −$4.6M | $4.6M |
| Q1 2025 | 10-Q | May 14, 2025 | $27.7M | +8% | -2.9% | −$2.4M | $2.6M |
| Q4 2024 | 10-K | Mar 28, 2025 | $27.9M | +13% | -4.6% | $9.9M | $9.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Boston Omaha
Boston Omaha Corporation is a public holding company with four majority owned businesses engaged in outdoor advertising, broadband telecommunications services, surety insurance, and asset management.
In its own words, from its 8-K, filed Aug 13, 2026.
Boston Omaha against its Real Estate Operators (No Developers) & Lessors peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +6%. Operating margin: -2.7% against the peers' median 9.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BOC Boston Omaha | Q2 2026 | $22.2M | +2% | -2.7% |
| INVH Invitation Homes | Q3 2026 | $731M | +6% | 9.2% |
| ARL American Realty Investors | Q2 2026 | $12.9M | +6% | -19.8% |
| HBUV Hubilu Venture | Q2 2026 | $505K | -12% | 17.3% |
Source: Boston Omaha 10-Q on SEC EDGAR · CIK 1494582 · Real Estate Operators (No Developers) & Lessors
13F: who owns BOC and who is buying
More on BOC
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results