Filing Flows › Boston Omaha (BOC) › Q1 2026
Boston Omaha (BOC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Boston Omaha (BOC) reported revenue of $28.2M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -5% from the quarter before. Operating margin was -7.7%, net loss $2.6M (9.0% of revenue).
Boston Omaha, Q1 2026: revenue $28.2M (+2% year over year), operating margin -7.7%, net loss $2.6M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.2M | -5% | +2% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | $3.9M | -33% | +51% |
What changed
Revenue was $28.2M in Q1 2026, up 2% year over year and down 5% from the previous quarter.
Gross margin was 61.8%, down 5.4 points from Q1 2025. Operating costs exceeded revenue by $2.2M, an operating margin of -7.7%. Operating expenses grew 1% against revenue growth of 2%. The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $7.0M loss. Minority interests bore $407K of it: to shareholders the quarter was a loss of $2.1M.
Operating cash flow was $3.9M (up 51% year over year). Non-cash charges added back $4.4M of depreciation. Working capital and other items added $2.0M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Boston Omaha's revenue in the first quarter 2026?
Boston Omaha (BOC) reported revenue of $28.2M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -5% from the quarter before.
Was Boston Omaha profitable in the first quarter 2026?
Operating loss was $2.2M (-7.7% of revenue) and net loss $2.6M.
Source: Boston Omaha 10-Q on SEC EDGAR.