BOC BOSTON OMAHA Corp

Overview and Growth

Fiscal 2025 results for BOSTON OMAHA Corp combined $114.38M of revenue with net loss of $12.43M and an operating cash inflow of $17.86M. The $114.38M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 5.6% above fiscal 2024 revenue of $108.27M, marking a year-over-year increase. Diluted earnings per share were -$0.40, translating the period’s attributable earnings into the amount reported for each diluted share. Asset turnover was 0.16x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $75.31M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 65.8% of revenue, showing how much of the top line remained after direct costs. Operations produced a $3.93M operating loss before non-operating and tax effects. An operating margin of -3.4% reflected costs exceeding revenue-level gross profit by 3.4% of sales. The company ended the period with a net loss of $12.43M, extending the operating result through all remaining items. The net loss equaled 10.9% of revenue, showing the bottom-line deficit relative to the company’s sales base. Before income taxes, the company recorded a loss of $18.38M, bridging the operating result to the final net loss. Pretax margin was -16.1%, reflecting a pre-tax loss equal to 16.1% of revenue. The reported tax benefit was $79.26K, favorably bridging the pretax and after-tax results. The net loss equaled 2.3% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 1.7%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

The company held $713.07M of assets against $177.00M of liabilities and $536.07M of equity, revealing how the asset base was financed. At period end, current assets of $118.94M compared with current liabilities of $60.17M, defining the company’s short-term resource position. At 1.98x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $28.62M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 47.6% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $48.77M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.09x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 6.8%, showing how much of the asset base was matched by borrowing. Liabilities represented 24.8% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 4.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 2.1% from $728.35M in fiscal 2024, leaving current total assets lower year over year. Against $562.72M of equity in fiscal 2024, the current book-equity balance moved 4.7% and ended lower.

Cash Flow and Earnings Quality

Cash flow from operations was $17.86M, a reported cash inflow that can be compared directly with net income and capital spending. Capital spending was $27.90M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 156.2% of operating cash flow, leaving the remainder available as free cash flow. The company recorded a $10.04M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 8.8% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 1.4% of the period-end asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.