Boston Omaha Corp. Class A (BOC)

Boston Omaha Corporation announced its Third Quarter 2025 Financial Results around November 13, 2025. Around November 17, 2025, Boston Omaha Corporation announced the adoption of a $30 million Class A Common Stock repurchase program and repurchased 444,753 shares for $5.8 million during fiscal 2025. The company announced its financial results for the fiscal year ended December 31, 2025, on March 30, 2026, including a net loss attributable to common stockholders of $(12.4) million, or $(0.40) per share, for fiscal 2025. On April 12, 2026, Wall Street Zen downgraded Boston Omaha from a "sell" rating to a "strong sell" rating. Over the past year, the stock has declined approximately 12%.

Explicit information regarding demand seasonality for Boston Omaha Corp.'s specific products and services was not found in the provided search results. Demand for outdoor advertising can sometimes be influenced by economic cycles and major events. Demand for broadband services is generally stable, but there might be slight increases during academic periods or when more people are working/studying from home. Demand for surety bonds can correlate with construction activity and business formations, which may have seasonal variations depending on weather and economic conditions.

Boston Omaha Corp. operates in the Industrials sector, focusing on Conglomerates, and also has a presence in Communication Services. The company's major products and services include outdoor billboard advertising through Link Media Holdings, broadband telecommunications services via Boston Omaha Broadband, surety insurance provided by General Indemnity Group, and asset management through Boston Omaha Asset Management. Link Media Holdings leases advertising space on 3,900 billboards as of December 31, 2025. Boston Omaha Broadband delivers high-speed internet to approximately 49,500 customers, with 19,900 on fiber connections as of December 2025. General Indemnity Group underwrites surety bonds and offers surety products through independent agents. Boston Omaha Asset Management conducts asset management operations and holds minority investments.

Boston Omaha's operations are primarily concentrated within the United States. Link Media Holdings billboards are located across numerous states, including Alabama, Arkansas, Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska, Nevada, Oklahoma, South Dakota, Tennessee, Virginia, West Virginia, and Wisconsin. Boston Omaha Broadband provides high-speed broadband services to customers in Arizona, Florida, Nevada, and Utah, with fiber infrastructure assets also serving communities in states such as Massachusetts, Colorado, Wisconsin, Michigan, and Iowa.

Boston Omaha Corp.'s brand reputation in the past year has been largely impacted by its financial performance and analyst sentiment. The company has received a consensus rating of "Sell" or "Strong Sell" from analysts. The recent downgrade to a "strong sell" rating on April 12, 2026, further reflects growing skepticism among analysts regarding the company's financial performance and future outlook.

Boston Omaha Corp. has a mix of institutional and individual ownership. As of April 8, 2026, 121 institutional owners held a total of 20,660,818 shares, accounting for approximately 71.02% of the company. Adam K. Peterson is the largest individual shareholder, owning 13,449,760 shares, representing 43.86% of the company. Other significant insider owners include Magnolia Capital Fund LP and Boulderado Group LLC.