BOSTON OMAHA Corp
BOCNYSEReal Estate · Real Estate Operators (No Developers) & Lessors · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $114.4M | $108.3M | $96.3M | $81.2M | $57.0M | $45.7M |
| Operating income | −$3.9M | −$8.5M | −$8.9M | −$5.2M | −$23.8M | −$5.0M |
| Net income | −$12.4M | −$1.3M | −$7.0M | $10.2M | $52.7M | −$49,089 |
| Total assets | $713.1M | $728.3M | $768.2M | $687.8M | $807.1M | $640.7M |
| Total liabilities | $177.0M | $165.6M | $151.8M | $158.1M | $166.5M | $114.1M |
| Equity | $516.1M | $532.8M | $538.2M | $506.6M | $496.3M | $381.6M |
| EPS (diluted) | $-0.40 | $-0.04 | $-0.23 | $0.34 | $1.82 | $0.00 |
| Shares out. | 31.4M | 31.5M | 31.1M | 29.8M | 29.0M | 25.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −3.4%
- Net margin
- −10.9%
- Return on equity
- −2.4%
- Return on assets
- −1.7%
- Return on capital (ROCE)
- −0.6%
- Liabilities / assets
- 24.8%
- Debt / equity
- 0.34×
- Book value / share
- $16.43
- Revenue growth (YoY)
- 5.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 3.49safe
- Accruals / assets
- −4.2%clean
- Beneish M-Score
- -2.45normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 18, 2021
- NT 10-Qmissed a reporting deadline ↗Nov 13, 2015
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2013
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Blackrock, Inc.Passive (13G)Apr 27, 2026
- Massachusetts Institute Of TechnologyPassive (13G)Jan 20, 2026
- Dimensional Fund Advisors LpPassive (13G)Jul 15, 2025
- Magnolia Capital Fund, LpActivist (13D)Jan 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Kenan Frank H. IiDirector | May 28, 2026 | Buy | 34,719 | $13.37 |
| Royal Jeffrey CDirector | May 27, 2026 | Buy | 10,000 | $12.72 |
| Boston Omaha Corp10% owner | Apr 6, 2026 | Sell | 331,500 | $9.05 |
| Weisenburger Joshua PaulOfficer — Chief Financial Officer | Feb 12, 2026 | Grant | 4,061 | $12.31 |
| Burt ThomasDirector | Dec 11, 2025 | Grant | 14,738 | $13.62 |
| Kenan Frank H. IiDirector | Dec 1, 2025 | Grant | 44,196 | $12.67 |
| Royal Jeffrey CDirector | Dec 1, 2025 | Grant | 10,000 | $12.72 |
| Burt ThomasDirector | Nov 24, 2025 | Grant | 4,894 | $12.26 |
| Graff David SDirector | Nov 24, 2025 | Grant | 4,894 | $12.26 |
| Keating Brendan JosephDirector | Nov 24, 2025 | Grant | 4,894 | $12.26 |
| Kenan Frank H. IiDirector | Nov 24, 2025 | Grant | 4,894 | $12.26 |
| Royal Jeffrey CDirector | Nov 24, 2025 | Grant | 4,894 | $12.26 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.6M | 5.8 | +0.4% |
| Apr 30, 2026 | 1.6M | 11.7 | -1.4% |
| Apr 15, 2026 | 1.6M | 9.0 | +1.4% |
| Mar 31, 2026 | 1.6M | 12.8 | +0.4% |
| Mar 13, 2026 | 1.6M | 12.3 | +4.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Regulation FD disclosureMay 18, 2026
- Results of operationsMay 14, 2026
- Regulation FD disclosureMar 31, 2026
- Regulation FD disclosureMar 31, 2026
- Director / officer changeMar 12, 2026
- Regulation FD disclosure · Other material eventNov 17, 2025
- Results of operationsNov 13, 2025
- Shareholder voteAug 26, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4Jun 1, 2026
- 4FORM 4May 27, 2026
- 8-KFORM 8-KMay 18, 2026
- 8-KFORM 8-KMay 14, 2026
- 10-QFORM 10-QMay 14, 2026
- 10-K/AFORM 10-K/AApr 30, 2026
- SCHEDULE 13GApr 27, 2026
- SCHEDULE 13D/AApr 8, 2026
- 4FORM 4Apr 8, 2026
- 8-KFORM 8-KMar 31, 2026
- 8-KFORM 8-KMar 31, 2026
- 10-KFORM 10-KMar 30, 2026
- 8-KFORM 8-KMar 12, 2026
- 4FORM 4Feb 17, 2026
- SCHEDULE 13GJan 20, 2026
Event-driven situations (3)
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