Filing Flows › Boston Omaha (BOC) › Q3 2025
Boston Omaha (BOC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Boston Omaha (BOC) reported revenue of $28.7M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was -3.7%, net loss $4.4M (15.2% of revenue).
Boston Omaha, Q3 2025: revenue $28.7M (+4% year over year), operating margin -3.7%, net loss $4.4M, operating cash flow $4.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.7M | +2% | +4% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | $4.9M | +8% | -5% |
What changed
Revenue was $28.7M in Q3 2025, up 4% year over year and up 2% from the previous quarter.
Gross margin was 66.2%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -3.7%. Operating expenses grew 3% against revenue growth of 4%. The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $4.6M loss. Minority interests bore $1.8M of it: to shareholders the quarter was a loss of $2.6M. Net interest and other expense of $4.1M was the main reason.
Operating cash flow was $4.9M (down 5% year over year). Non-cash charges added back $4.3M of depreciation. Working capital and other items added $5.0M. Capital expenditures of $5.4M exceeded it, leaving free cash flow of −$490K.
Questions
What was Boston Omaha's revenue in the third quarter 2025?
Boston Omaha (BOC) reported revenue of $28.7M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +2% from the quarter before.
Was Boston Omaha profitable in the third quarter 2025?
Operating loss was $1.1M (-3.7% of revenue) and net loss $4.4M.
Source: Boston Omaha 10-Q on SEC EDGAR.