Filing Flows › Boston Omaha (BOC) › Q4 2025
Boston Omaha (BOC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 30, 2026
Boston Omaha (BOC) reported revenue of $29.7M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +3% from the quarter before. Operating margin was -4.2%, net loss $7.0M (23.4% of revenue).
Boston Omaha, Q4 2025: revenue $29.7M (+6% year over year), operating margin -4.2%, net loss $7.0M, operating cash flow $5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.7M | +3% | +6% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$7.0M | — | -170% |
| Operating cash flow | $5.8M | +18% | -36% |
What changed
Revenue was $29.7M in Q4 2025, up 6% year over year and up 3% from the previous quarter.
Gross margin was 64.0%, down 5.5 points from Q4 2024. Operating costs exceeded revenue by $1.3M, an operating margin of -4.2%. Operating expenses fell 2% while revenue rose 6%. The quarter ended with a net loss of $7.0M, wider than the previous quarter's $4.4M loss. Minority interests bore $102K of it: to shareholders the quarter was a loss of $6.9M. Net interest and other expense of $4.0M was the main reason.
Operating cash flow was $5.8M (down 36% year over year). Non-cash charges added back $4.5M of depreciation. Working capital and other items added $8.2M. Capital expenditures of $8.3M exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Boston Omaha's revenue in the fourth quarter 2025?
Boston Omaha (BOC) reported revenue of $29.7M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +3% from the quarter before.
Was Boston Omaha profitable in the fourth quarter 2025?
Operating loss was $1.3M (-4.2% of revenue) and net loss $7.0M.
Source: Boston Omaha 10-K on SEC EDGAR.