BOC earnings analysis
What we found in BOC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The extracted 10-Q does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so current-quarter revenue, margins, EPS, cash flow, and segment trends cannot be assessed. The filing does quantify $25.2 million of fixed-rate Link debt, $13.2 million of BOB interest-sensitive debt, and approximately $220 thousand of annual interest sensitivity per 100-basis-point rate change. The principal new risks are ReConnect Program compliance and the proposed GIG sale, while share repurchases totaled 451,281 shares during the quarter.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Debt Exposure Is Quantified
- As of June 30, 2026, Link had $25.2 million of fixed-rate long-term debt, while BOB had $13.2 million of long-term debt subject to interest-rate risk.
- Interest Sensitivity Appears Manageable
- The company reported that a hypothetical 100-basis-point change in variable interest rates would affect interest expense by approximately $220 thousand over the next 12 months.
- ReConnect Funding Expands Capital Access
- FIF Utah was awarded grants of up to $11,484,076 and the right to borrow up to an additional $11,484,076 under the ReConnect Program.
- Share Repurchases Continued
- The company repurchased 451,281 shares during the three months ended June 30, 2026, at an average price of $12.74 per share, leaving approximately $13.708 million available under the repurchase program.
- Controls Remained Effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported no changes in internal control that materially affected or were reasonably likely to materially affect financial reporting.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- ReConnect Compliance and Funding Risk
- FIF Utah must meet milestone reporting, construction-completion, eligibility, financial, and performance requirements within a five-year mandated timeframe. Failure could require repayment of loans and return of grant money tied to the ReConnect Program, including grants of up to $11,484,076 and additional borrowing capacity of up to $11,484,076.
- GIG Sale May Not Close
- If the proposed sale of General Indemnity Group to CopperPoint Insurance Company is not completed, the company could incur substantial transaction expenses without realizing the expected benefits. Closing remains contingent on approval by the Nebraska Department of Insurance and other conditions.
- Inflation and Variable-Rate Exposure
- The company stated that inflation, tariffs, global conflicts, and related market disruptions may increase supply-chain, logistics, material, and labor costs. Separately, variable-rate exposure includes $9.1 million of Link revolving borrowings and $13.2 million of BOB long-term debt.
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the extracted 10-Q. The filing discusses ReConnect Program funding, debt exposure, inflation, and the proposed GIG sale, but does not state a formal outlook.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 14, 2026
- Boston Omaha Corporation reported a modest revenue increase of 1.9% year-over-year to $28.25 million in Q1 fiscal 2026, with notable growth in broadband services. However, the company experienced a net loss of $2.15…
- 10-K · April 30, 2026
- Boston Omaha Corporation reported Q4 2025 revenue of $29 million, a slight increase from $28 million in Q3 2025. However, the company incurred a significant EPS loss of $(0.22), missing estimates by $0.19. While revenue…
- 10-K · March 30, 2026
- Boston Omaha (BOC) positions itself as a multi-line owner/operator focused on outdoor billboards, broadband, surety insurance and asset management, pursuing growth via acquisitions and organic broadband buildouts. The…
- 10-Q · November 13, 2025
- Revenue for Q3 2025 was $28,734,355, up $1,033,419 (+3.7%) versus Q3 2024, but the company reported a larger net loss and EPS deterioration (basic/diluted EPS $(0.08) vs $(0.05) in Q3 2024). Operating loss narrowed to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing BOC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever