Boston Omaha Corporation Announces Second Quarter 2025 Financial Results
We show summary financial data below for the second quarter of 2025 and 2024. Our Quarterly Report on Form 10-Q can be found at . A supplemental presentation providing additional financial information for the second quarter of 2025 can be found on our investor relations website at . We believe that it鈥檚 important for shareholders to read the supplemental presentation as, in management鈥檚 opinion, it provides additional information on business metrics we use in gauging the performance of each of our three principal business units and investments.
| For the Three Months Ended | For the Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
听 |
2025 |
听 |
听 |
2024 |
听 |
听 |
2025 |
听 |
听 |
2024 |
听 |
||||
| Billboard Rentals, Net | $ |
11,440,033 |
听 |
$ |
11,437,468 |
听 |
$ |
22,204,508 |
听 |
$ |
22,134,128 |
听 |
|||
| Broadband Services | 听 |
10,233,463 |
听 |
听 |
9,787,983 |
听 |
听 |
20,553,593 |
听 |
听 |
19,471,412 |
听 |
|||
| Premiums Earned | 听 |
5,565,360 |
听 |
听 |
4,737,056 |
听 |
听 |
11,129,133 |
听 |
听 |
8,740,115 |
听 |
|||
| Insurance Commissions | 听 |
448,192 |
听 |
听 |
527,055 |
听 |
听 |
1,027,485 |
听 |
听 |
1,029,743 |
听 |
|||
| Investment and Other Income | 听 |
516,622 |
听 |
听 |
598,221 |
听 |
听 |
1,019,445 |
听 |
听 |
1,265,116 |
听 |
|||
| Total Revenues | 听 |
28,203,670 |
听 |
听 |
27,087,783 |
听 |
听 |
55,934,164 |
听 |
听 |
52,640,514 |
听 |
|||
| 听 | |||||||||||||||
| Depreciation and Amortization Expense | 听 |
6,164,312 |
听 |
听 |
5,512,274 |
听 |
听 |
12,156,295 |
听 |
听 |
10,903,072 |
听 |
|||
| 听 | |||||||||||||||
| Net Loss from Operations | 听 |
(820,490 |
) |
听 |
(4,396,615 |
) |
听 |
(1,617,893 |
) |
听 |
(6,454,896 |
) |
|||
| Net Other (Expense) Income | 听 |
(4,492,520 |
) |
听 |
2,357,407 |
听 |
听 |
(6,309,717 |
) |
听 |
231,444 |
听 |
|||
| 听 | |||||||||||||||
| Net Loss Attributable to Common Stockholders | $ |
(2,320,083 |
) |
$ |
(2,235,219 |
) |
$ |
(2,989,368 |
) |
$ |
(5,043,300 |
) |
|||
| Basic and Diluted Net Loss per Share | $ |
(0.07 |
) |
$ |
(0.07 |
) |
$ |
(0.10 |
) |
$ |
(0.16 |
) |
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| 听 | |||||||||||||||
| June 30, | December 31, | ||||||||||||||
听 |
2025 |
听 |
听 |
2024 |
听 |
||||||||||
| Total Unrestricted Cash & Investments (1) | $ |
48,934,766 |
听 |
$ |
41,659,941 |
听 |
|||||||||
| Total Assets | 听 |
730,629,347 |
听 |
听 |
728,345,729 |
听 |
|||||||||
| Total Liabilities | 听 |
175,352,678 |
听 |
听 |
165,626,276 |
听 |
|||||||||
| Total Boston Omaha Stockholders' Equity | 听 |
530,966,694 |
听 |
听 |
532,819,509 |
听 |
|||||||||
| Noncontrolling Interests (2) | 听 |
24,309,975 |
听 |
听 |
29,899,944 |
听 |
|||||||||
| Total Equity | $ |
555,276,669 |
听 |
$ |
562,719,453 |
听 |
|||||||||
(1) |
Investments consist of |
(2) |
Noncontrolling interests are primarily related to third party capital raised within our Build for Rent Fund as well as within our 24th Street commercial real estate funds. |
During the second quarter of fiscal 2025, 鈥淣et Other Expense鈥� included an unrealized loss of
Our investment in Sky Harbour Class A common stock and warrants was valued at
Cash inflow from operations for the six months ended June 30, 2025 was
Our book value per share was
As of June 30, 2025, we had 30,872,876 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.
As of August 12, 2025, we had 30,872,876 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.
About Boston Omaha Corporation
Boston Omaha Corporation is a public holding company with four majority owned businesses engaged in outdoor advertising, broadband telecommunications services, surety insurance, and asset management.
Forward-Looking Statements
Any statements in this press release about the Company鈥檚 future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, total revenue, as well as other statements containing the words 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃ontinue,鈥� 鈥渃ould,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渟hould,鈥� 鈥渢arget,鈥� 鈥渨ill,鈥� or 鈥渨ould鈥� and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the Company鈥檚 forward-looking statements, and you should not place undue reliance on the Company鈥檚 forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes as a result of a variety of risks and uncertainties, including risks related to the Company鈥檚 estimates regarding the potential market opportunity for the Company鈥檚 current and future products and services, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully integrate acquired businesses, the effect of a loss of, or financial distress of, any reinsurance company which reinsures the Company鈥檚 insurance operations, the risks associated with our investments in both publicly traded securities and privately held businesses, our history of losses and ability to maintain profitability in the future, the Company鈥檚 expectations regarding the Company鈥檚 sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the 鈥淩isk Factors鈥� sections of the Company鈥檚 public filings with the Securities and Exchange Commission (the 鈥淪EC鈥�) on Form 10-K for the year ended December 31, 2024, as well as other risks and uncertainties which may be described in any subsequent quarterly report on Form 10-Q filed by the Company, and the other reports the Company files with the SEC. Copies of our SEC filings are available on our website at . In addition, the forward-looking statements included in this press release represent the Company鈥檚 views as of the date hereof. The Company anticipates that general economic conditions and subsequent events and developments may cause the Company鈥檚 views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company鈥檚 views as of any date subsequent to the date hereof.
Our investor relations website, , serves as a comprehensive resource for investors. We strongly encourage its use for easy access to information about the Company. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information, and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
View source version on businesswire.com:
Boston Omaha Corporation
Josh Weisenburger, 402-210-2633
[email protected]
Source: Boston Omaha Corporation
