Filing Flows › Boston Omaha (BOC) › Q4 2024
Boston Omaha (BOC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Boston Omaha (BOC) reported revenue of $27.9M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +0.8% from the quarter before. Operating margin was -4.6%, net earnings $9.9M (35.5% of revenue).
Boston Omaha, Q4 2024: revenue $27.9M (+13% year over year), operating margin -4.6%, net earnings $9.9M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.9M | +0.8% | +13% |
| Operating profit | −$1.3M | — | — |
| Net earnings | $9.9M | — | — |
| Operating cash flow | $9.1M | +76% | +139% |
| Free cash flow | $619K | — | — |
What changed
Revenue was $27.9M in Q4 2024, up 13% year over year and up 1% from the previous quarter.
Gross margin was 69.5%, up 2.4 points from a year earlier. Operating costs exceeded revenue by $1.3M, an operating margin of -4.6%. Operating expenses grew 10% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $5.3M. The effective tax rate was 10.9%. Non-operating items added $12.4M, 111% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.1M (up 139% year over year), 92% of net income including minority interests. Non-cash charges added back $3.8M of depreciation. Working capital and other items used $4.6M. Capital expenditures of $8.5M left free cash flow of $619K.
Questions
What was Boston Omaha's revenue in the fourth quarter 2024?
Boston Omaha (BOC) reported revenue of $27.9M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +0.8% from the quarter before.
Was Boston Omaha profitable in the fourth quarter 2024?
Operating loss was $1.3M (-4.6% of revenue) and net earnings $9.9M.
Source: Boston Omaha 10-K on SEC EDGAR.