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Boston Omaha (BOC) investor relations material
Boston Omaha AGM 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Financial performance highlights
Revenue grew from $28.3M in 2020 to $45.9M in 2025, with a 5-year CAGR of 19.1%.
Adjusted EBITDA increased from $1.0M in 2020 to $13.3M in 2025, a 67.8% CAGR.
Unrestricted cash, US Treasuries, stocks, bonds, and investments totaled $133.9M as of YTD Q2 2026.
Total debt decreased from $149.3M in 2020 to $47.6M in YTD Q2 2026.
Total Class A & B shares outstanding rose from 27.2M in 2020 to 30.2M in YTD Q2 2026.
Segment performance and operational metrics
Link Media Outdoor Adjusted EBITDA reached $9.0M for the six months ended June 30, 2026.
Boston Omaha Broadband Adjusted EBITDA was $5.6M for the same period.
Fiber passings/subscribers grew from ~1,800/~400 in 2020 to ~43,200/~17,000 in YTD Q2 2026.
Fixed wireless subscribers increased from ~7,200 in 2020 to ~27,900 in YTD Q2 2026.
GIG segment fiber passings/subscribers reached ~9,300/~5,300 in YTD Q2 2026.
Strategic investments and risk factors
Holds significant equity in Sky Harbour Group and other public/private businesses.
Actively manages acquisitions, dispositions, and integration of acquired businesses.
Faces risks from economic, regulatory, and competitive environments, as well as cybersecurity and disaster recovery.
Sale of General Indemnity Group to CopperPoint Insurance Company is pending regulatory approval.
Uses Adjusted EBITDA as a key non-GAAP metric for internal and external performance assessment.
- Q2 2026 revenue grew 2.4%, net loss narrowed, and a major insurance sale is pending.BOC
Q2 2026 - Annual meeting to vote on directors, auditor, and executive pay set for August 21, 2026.BOC
Proxy filing - Annual meeting to vote on directors, auditor, and executive pay, with strong board oversight.BOC
Proxy filing - Q1 2026 revenue grew 1.9% to $28.2M, but net loss widened to $2.1M amid higher insurance claims.BOC
Q1 2026 - Revenue and broadband growth continued, but market cap fell to $459M by March 2025.BOC
AGM 2025 presentation - Revenue and EBITDA grew, but net loss widened due to investment losses and higher expenses.BOC
Q4 2025 - Annual meeting to vote on directors, auditor, and executive pay, with online voting available.BOC
Proxy Filing - Annual Meeting to vote on directors, auditor, executive pay, and officer exculpation amendment.BOC
Proxy Filing - Annual meeting to elect directors, ratify new auditor, and approve executive pay, with major governance updates.BOC
Proxy Filing
Next Boston Omaha earnings date
Next Boston Omaha earnings date
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