Boston Omaha Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	110.61	105.97	94.1	80.57	56.63	45.32
Other Revenue	2	2.3	2.16	0.66	0.34	0.43
Revenue	112.6	108.27	96.25	81.23	56.97	45.74
Revenue Growth (YoY)	7.22%	12.49%	18.49%	42.59%	24.55%	10.52%
Cost of Revenue	63.92	64.25	56.48	45.28	46.38	25.43
Gross Profit	48.68	44.03	39.77	35.95	10.59	20.31
Selling, General & Admin	27.63	29.38	28.76	25.92	23.92	17.28
Amortization of Goodwill & Intangibles	7.76	7.68	7.41	6.47	4.55	3.99
Other Operating Expenses	0.22	0.22	0.22	0.21	0.13	0.14
Operating Expenses	51.88	51.78	48.54	41.25	34.18	25.11
Operating Income	-3.2	-7.75	-8.77	-5.29	-23.59	-4.8
Interest Expense	-2.25	-1.6	-1.15	-1.21	-0.96	-0.84
Interest & Investment Income	14.48	30.45	8.74	0.43	94.16	2.74
Earnings From Equity Investments	2.55	-17.28	-7.89	2.7	0.88	5.58
Other Non Operating Income (Expenses)	-	-	-	1.84	2.85	-0.22
EBT Excluding Unusual Items	11.58	3.82	-9.06	-1.53	73.35	2.46
Gain (Loss) on Sale of Investments	-12.81	-	-	-15.64	-	-4.69
Gain (Loss) on Sale of Assets	-0.74	-0.72	-0.08	25.04	-0.18	-0.2
Pretax Income	-1.97	3.1	-9.15	7.87	73.17	-2.43
Income Tax Expense	-0.52	-0.27	-2.98	-2.5	17.69	-
Earnings From Continuing Operations	-1.45	3.37	-6.17	10.38	55.48	-2.43
Minority Interest in Earnings	1.21	-4.66	-0.84	-0.15	-2.73	2.38
Net Income	-0.23	-1.29	-7	10.23	52.75	-0.05
Net Income to Common	-0.23	-1.29	-7	10.23	52.75	-0.05
Net Income Growth	-	-	-	-80.60%	-	-
Shares Outstanding (Basic)	31	31	31	30	29	26
Shares Outstanding (Diluted)	31	31	31	30	29	26
Shares Change (YoY)	-0.18%	1.30%	4.46%	2.48%	13.13%	12.72%
EPS (Basic)	-0.01	-0.04	-0.23	0.34	1.82	-0.00
EPS (Diluted)	-0.01	-0.04	-0.23	0.34	1.82	-0.00
EPS Growth	-	-	-	-81.32%	-	-
Free Cash Flow	-6.91	-10.96	-35.81	-45.22	-13.24	-3.4
Free Cash Flow Per Share	-0.22	-0.35	-1.15	-1.52	-0.46	-0.13
Gross Margin	43.23%	40.66%	41.32%	44.26%	18.59%	44.41%
Operating Margin	-2.85%	-7.16%	-9.11%	-6.51%	-41.40%	-10.48%
Profit Margin	-0.21%	-1.19%	-7.28%	12.60%	92.59%	-0.11%
Free Cash Flow Margin	-6.14%	-10.12%	-37.20%	-55.67%	-23.23%	-7.43%
EBITDA	21.05	14.65	11.01	10.04	-13.32	3.04
EBITDA Margin	18.69%	13.53%	11.44%	12.36%	-23.39%	6.64%
D&A For EBITDA	24.25	22.4	19.78	15.33	10.26	7.83
EBIT	-3.2	-7.75	-8.77	-5.29	-23.59	-4.8
EBIT Margin	-2.85%	-7.16%	-9.11%	-6.51%	-41.40%	-10.48%
Effective Tax Rate	-	-	-	-	24.18%	-
Revenue as Reported	112.6	108.27	96.25	81.23	56.97	45.74

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q