Overview
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- TickerBOC on NYSE2
- IndustryReal Estate Operators (No Developers) & Lessors2
- HeadquartersOmaha, United States2
- Incorporated inDE4
- Business address1601 Dodge Street, Suite 3300, Omaha, Ne 681024
- Filer categoryNon-accelerated filer4
- Legal formCorporation2
- LEI54930002FEWTYF4YFF192
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 57110722
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Boston Omaha Corporation, which we refer to as “the Company,” “our Company,” “we,” “us” or “our,” commenced its current business operations in June 2015 and currently operates four separate lines of business: outdoor billboard advertising, broadband services, surety insurance and related brokerage activities, and an asset management business. In addition, we hold minority investments in commercial real estate management and brokerage services, a bank focused on servicing the automotive loan market, a company serving the broadband industry, and a publicly-traded developer of private aviation infrastructure focused on building, leasing and managing business aviation hangars.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
65.8%Gross margin3
-3.4%Operating margin3
-10.9%Net margin3
5.6%Revenue growth, 20253
-2.4%Return on equity3
0.09×Debt to equity3
-$10.0MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Billboard Rentals brought in 53% of the revenue BOSTON OMAHA Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Billboard Rentals | $45.2M | $45.9M |
| Broadband Services | $39.1M | $41.2M |
Business segments
LMH brought in 40% of the revenue BOSTON OMAHA Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| LMH | $45.2M | $45.9M |
| BOB | $39.1M | $41.2M |
| GIG | $23.9M | $27.2M |
| BOAM | $172.1K | $93.9K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue34¢$39.1M
- Other costs66¢$75.2M
- Income tax0¢$79.3K
Out of $114.4M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$27.9M
Out of $17.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Premiums earned | $23.2M | $19.8M |
| Insurance commissions | $2.1M | $2.0M |
| Investment and other income | $2.1M | $2.3M |
| Total Revenues | $114.4M | $108.3M |
| Employee costs | $34.3M | $38.1M |
| Professional fees | $4.1M | $4.9M |
| General and administrative | $15.9M | $16.2M |
| Amortization | $7.8M | $7.7M |
| Depreciation | $17.0M | $14.5M |
| (Gain) loss on disposition of assets | -$35.8K | $720.7K |
| Accretion | $217.9K | $218.5K |
| Total Costs and Expenses | $118.3M | $116.7M |
| Segment (Loss) Income from Operations | -$3.9M | -$8.5M |
| Interest and dividend income | $1.2M | $1.4M |
| Equity in income of unconsolidated affiliates | $6.5M | -$17.3M |
| Other investment income (loss) | -$19.9M | $29.1M |
| Interest expense | -$2.3M | -$1.6M |
| Total | -$18.4M | $3.1M |
| Income tax benefit | $79.3K | $274.8K |
| Net (Loss) Income | -$18.3M | $3.4M |
| Noncontrolling interest in subsidiary (income) loss | $5.9M | -$4.7M |
| Net Income (Loss) Attributable to Common Stockholders | -$12.4M | -$1.3M |
| Basic Net Loss per Share (in dollars per share) | -$0.40 | -$0.04 |
| Diluted Net Loss per Share (in dollars per share) | -$0.40 | -$0.04 |
| Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares) | 31.4M shares | 31.5M shares |
| Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) | 31.4M shares | 31.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-04-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $28.6M | $28.3M | ||
| Cash held by BOAM funds and other | $4.2M | $2.9M | ||
| Accounts receivable, net | $16.0M | $12.4M | ||
| Short-term investments | $28.2M | $45.0M | ||
| Marketable equity securities | $868.0K | $2.4M | ||
| U. S. Treasury securities | $20.7M | $11.0M | ||
| Funds held as collateral assets | $13.9M | $10.0M | ||
| Prepaid expense and other current assets | $6.5M | $5.5M | ||
| Total Current Assets | $118.9M | $117.4M | ||
| Property and Equipment, net | $172.6M | $161.6M | ||
| Goodwill | $182.4M | $182.4M | ||
| Intangible assets, net | $51.4M | $58.3M | ||
| Investments | $51.4M | $74.1M | ||
| Investments in unconsolidated affiliates | $74.8M | $72.4M | $94.2M | |
| Deferred policy acquisition costs | $2.9M | $2.2M | ||
| Right of use assets | $58.4M | $59.7M | ||
| Other | $172.1K | $171.8K | ||
| Total Other Assets | $421.5M | $449.3M | ||
| Total Assets | $713.1M | $728.3M | ||
| Accounts payable and accrued expenses | $14.0M | $16.4M | ||
| Short-term payables for business acquisitions | $1.4M | $121.1K | ||
| Lease liabilities | $5.3M | $5.3M | ||
| Funds held as collateral | $13.9M | $10.0M | ||
| Unpaid losses and loss adjustment expenses | $6.5M | $5.9M | ||
| Unearned premiums | $13.6M | $13.0M | ||
| Current maturities of long-term debt | $2.4M | $1.2M | ||
| Deferred revenue | $3.2M | $3.0M | ||
| Total Current Liabilities | $60.2M | $54.9M | ||
| Asset retirement obligations | $4.2M | $4.0M | ||
| Lease liabilities | $54.4M | $55.0M | ||
| Long-term debt, less current maturities | $46.4M | $38.4M | ||
| Other long-term liabilities | $88.3K | $1.4M | ||
| Deferred tax liability | $11.7M | $11.9M | ||
| Total Liabilities | $177.0M | $165.6M | ||
| Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding | $0 | $0 | ||
| Additional paid-in capital | $540.7M | $539.1M | ||
| Treasury stock, at cost, 561,868 and 111,323 shares, respectively | -$7.4M | -$1.6M | ||
| Accumulated deficit | -$17.2M | -$4.7M | ||
| Total Boston Omaha Stockholders' Equity | $516.1M | $532.8M | ||
| Noncontrolling interests | $19.9M | $29.9M | ||
| Total Equity | $536.1M | $562.7M | $600.8M | |
| Total Liabilities and Stockholders' Equity | $713.1M | $728.3M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | |||
| Treasury stock, shares (in shares) | 561.9K shares | 111.3K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-04-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $28.6M | $28.3M | ||
| Cash held by BOAM funds and other | $4.2M | $2.9M | ||
| Accounts receivable, net | $16.0M | $12.4M | ||
| Short-term investments | $28.2M | $45.0M | ||
| Marketable equity securities | $868.0K | $2.4M | ||
| U. S. Treasury securities | $20.7M | $11.0M | ||
| Funds held as collateral assets | $13.9M | $10.0M | ||
| Prepaid expense and other current assets | $6.5M | $5.5M | ||
| Total Current Assets | $118.9M | $117.4M | ||
| Property and Equipment, net | $172.6M | $161.6M | ||
| Goodwill | $182.4M | $182.4M | ||
| Intangible assets, net | $51.4M | $58.3M | ||
| Investments | $51.4M | $74.1M | ||
| Investments in unconsolidated affiliates | $74.8M | $72.4M | $94.2M | |
| Deferred policy acquisition costs | $2.9M | $2.2M | ||
| Right of use assets | $58.4M | $59.7M | ||
| Other | $172.1K | $171.8K | ||
| Total Other Assets | $421.5M | $449.3M | ||
| Total Assets | $713.1M | $728.3M | ||
| Accounts payable and accrued expenses | $14.0M | $16.4M | ||
| Short-term payables for business acquisitions | $1.4M | $121.1K | ||
| Lease liabilities | $5.3M | $5.3M | ||
| Funds held as collateral | $13.9M | $10.0M | ||
| Unpaid losses and loss adjustment expenses | $6.5M | $5.9M | ||
| Unearned premiums | $13.6M | $13.0M | ||
| Current maturities of long-term debt | $2.4M | $1.2M | ||
| Deferred revenue | $3.2M | $3.0M | ||
| Total Current Liabilities | $60.2M | $54.9M | ||
| Asset retirement obligations | $4.2M | $4.0M | ||
| Lease liabilities | $54.4M | $55.0M | ||
| Long-term debt, less current maturities | $46.4M | $38.4M | ||
| Other long-term liabilities | $88.3K | $1.4M | ||
| Deferred tax liability | $11.7M | $11.9M | ||
| Total Liabilities | $177.0M | $165.6M | ||
| Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding | $0 | $0 | ||
| Additional paid-in capital | $540.7M | $539.1M | ||
| Treasury stock, at cost, 561,868 and 111,323 shares, respectively | -$7.4M | -$1.6M | ||
| Accumulated deficit | -$17.2M | -$4.7M | ||
| Total Boston Omaha Stockholders' Equity | $516.1M | $532.8M | ||
| Noncontrolling interests | $19.9M | $29.9M | ||
| Total Equity | $536.1M | $562.7M | $600.8M | |
| Total Liabilities and Stockholders' Equity | $713.1M | $728.3M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | |||
| Treasury stock, shares (in shares) | 561.9K shares | 111.3K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (Loss) Income | -$18.3M | $3.4M |
| Amortization of right of use assets | $5.7M | $5.5M |
| Depreciation, amortization, and accretion | $25.0M | $22.4M |
| Income taxes | -$136.7K | -$290.4K |
| (Gain) loss on disposition of assets | -$35.8K | $720.7K |
| Bad debt expense | $385.1K | $318.5K |
| Equity in (income) loss of unconsolidated affiliates | -$6.5M | $17.3M |
| Amortization of bond premium | -$1.3M | -$1.3M |
| Other investment loss (income) | $19.9M | -$29.1M |
| Compensation paid in stock | $1.1M | $917.8K |
| Other | $60.0K | $0 |
| Accounts receivable | $431.4K | -$610.9K |
| Interest receivable | $27.2K | $101.9K |
| Prepaid expenses | -$1.0M | $162.2K |
| Deferred policy acquisition costs | -$782.9K | -$389.3K |
| Other assets | -$281 | -$52.7K |
| Other liabilities, exclusive of debt | -$74.7K | -$83.8K |
| Accounts payable, accrued expenses, unpaid losses and loss adjustments, and other | -$1.8M | $3.9M |
| Lease liabilities | -$5.4M | -$5.4M |
| Unearned premiums | $590.5K | $3.3M |
| Deferred revenue | $134.0K | $415.9K |
| Net Cash Provided by Operating Activities | $17.9M | $21.2M |
| Payments on short-term payables for business acquisitions | -$14.5K | -$496.9K |
| Investment in unconsolidated affiliates | $0 | -$21.0K |
| Capital expenditures | -$27.9M | -$32.2M |
| Proceeds from sales of investments | $287.8M | $355.1M |
| Purchase of investments | -$273.4M | -$294.3M |
| Net Cash (Used in) Provided by Investing Activities | -$13.5M | $28.1M |
| Proceeds from issuance of stock | $525.3K | $0 |
| Proceeds from borrowings | $11.5M | $13.5M |
| Stock repurchased | -$5.8M | -$18.4M |
| Contributions from noncontrolling interests | $378.3K | $206.1K |
| Distributions to noncontrolling interests | -$7.1M | -$37.5M |
| Repayments on borrowings | -$2.3M | -$1.3M |
| Collateral receipt (release), net | $3.9M | -$4.1M |
| Offering costs | -$3.3K | $0 |
| Net Cash Provided by (Used in) Financing Activities | $1.2M | -$47.6M |
| Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash | $5.5M | $1.8M |
| Interest Paid in Cash | $2.3M | $1.5M |
| Distribution receivable from real estate fund | $4.4M | $0 |
| Stock issued as consideration for redeemable noncontrolling interest | $0 | $13.4M |
| Investment transferred as compensation for stock repurchased | $0 | $1.5M |
No quarter-by-quarter statement was filed.
Corporate structure
BOSTON OMAHA Corp sits at the top of its group. 32 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BOSTON OMAHA Corp
- MAGNOLIA CAPITAL FUND, LP Filed SCHEDULE 13D/A on BOSTON OMAHA Corp, latest Sep 15, 2026 (4 filings since May 26, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on BOSTON OMAHA Corp, latest Jul 14, 2026 (2 filings since Jul 15, 2025)
- BlackRock Filed SCHEDULE 13G on BOSTON OMAHA Corp, latest Apr 27, 2026 (5 filings since Feb 3, 2023)
- Institute Of Technology Massachusetts Filed SCHEDULE 13G on BOSTON OMAHA Corp, latest Jan 20, 2026 (6 filings since Apr 8, 2022)
- T. Rowe Price Investment Management, Inc. Filed SC 13G/A on BOSTON OMAHA Corp, latest Feb 16, 2024 (3 filings since Feb 14, 2023)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on BOSTON OMAHA Corp, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- BOSTON OMAHA Corp Omaha, Nebraska, United States
- Dream Finders Homes, Inc. Stake · Jacksonville, Florida
- Sky Harbour Group Corp Stake · Lewes, Delaware, United States
- 24th Street Asset Management LLC Subsidiary · Nevada, United States
- 24th Street Fund I, LLC Subsidiary · Nevada, United States
- 24th Street Fund II, LLC Subsidiary · Nevada, United States
- BOAM BFR, LLC Subsidiary · Delaware, United States
- BOC Business Services, LLC Subsidiary · Delaware, United States
- BOC Yellowstone II, LLC Subsidiary · Delaware, United States
- BOC Yellowstone, LLC Subsidiary · Delaware, United States
- BOSS Bonds Insurance Agency, LLC, formerly known as South Coast Surety Insurance Services, LLC Subsidiary · Delaware, United States
- Boston Omaha Asset Management, LLC Subsidiary · Delaware, United States
- Boston Omaha Broadband, LLC Subsidiary · Delaware, United States
- Boston Omaha Investments, LLC Subsidiary · Delaware, United States
- Fiber Fast Homes, LLC Subsidiary · Delaware, United States
- FIF AireBeam, LLC Subsidiary · Delaware, United States
- FIF St George, LLC Subsidiary · Delaware, United States
- FIF Utah, LLC Subsidiary · Delaware, United States
- Fund One Boston Omaha Build for Rent LP Subsidiary · Delaware, United States
- General Indemnity Group, LLC Subsidiary · Delaware, United States
- Link Billboards Oklahoma, LLC Subsidiary · Delaware, United States
- Link Media Alabama, LLC Subsidiary · Alabama, United States
- Link Media Florida, LLC Subsidiary · Florida, United States
- Link Media Georgia, LLC Subsidiary · Georgia, United States
- Link Media Holdings, LLC Subsidiary · Delaware, United States
- Link Media Midwest, LLC Subsidiary · Delaware, United States
- and 6 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (2 companies). Each entity in the chart links to its source.
What it owns
What BOSTON OMAHA Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $66.3M3 Dec 31, 2025 | $49.8M3 Dec 31, 2024 | +33.1% |
| Property and equipment, net | $172.6M3 Dec 31, 2025 | $161.6M3 Dec 31, 2024 | +6.8% |
| Operating-lease assets (leased space) | $58.4M3 Dec 31, 2025 | $59.7M3 Dec 31, 2024 | −2.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $28.6M3 Dec 31, 2025 | $28.3M3 Dec 31, 2024 | +1.2% |
| Marketable securities, current | $28.2M3 Dec 31, 2025 | $45.0M3 Dec 31, 2024 | −37.3% |
| Equity securities at fair value | $868.0K3 Dec 31, 2025 | $2.4M3 Dec 31, 2024 | −63.7% |
| Long-term investments | $51.4M3 Dec 31, 2025 | $74.1M3 Dec 31, 2024 | −30.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $182.4M3 Dec 31, 2025 | $182.4M3 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $51.4M3 Dec 31, 2025 | $58.3M3 Dec 31, 2024 | −12.0% |
| Indefinite-lived intangibles (excluding goodwill) | $7.8M3 Dec 31, 2025 | $7.7M3 Dec 31, 2024 | +1.1% |
| Accumulated amortization | $57.5M3 Dec 31, 2025 | $50.2M3 Dec 31, 2024 | +14.5% |
| Finite-lived intangibles, net | $43.6M3 Dec 31, 2025 | $50.6M12 Dec 31, 2024 | −13.9% |
Properties, in its own words
Our corporate headquarters is located in Omaha, Nebraska. As of December 31, 2025, we maintained offices in various locations in the United States with leases expiring between 2026 and 2042. In connection with the acquisition of various billboard sites, we own a small percentage of these sites and in most instances lease the sites from third parties. Land leases related to the structures are typically paid in advance for periods ranging from one to twelve months. The lease contracts include those with fixed payments and those with escalating payments. Some of the lease contracts contain a base rent payment plus an additional amount up to a particular percentage of revenue. In the opinion of our management, our properties are adequate and suitable for our business as presently conducted and are adequately maintained. We also own several parcels in Arizona used by our broadband business for storage of equipment.
Item 2 of the 10-K filed Mar 30, 2026.6
Leadership
Who has led BOSTON OMAHA Corp, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
20202025
- Chief executive officerWilliam Scott Lafoy Apr 14, 2020 to Apr 14, 202017
- Chief executive officerAdam K. Peterson Mar 5, 2018 to Jan 14, 202518
- Chief executive officerAlexander Buffett Rozek Nov 9, 2016 to May 13, 202419
- PresidentAlexander Buffett Rozek Jun 6, 2023 to May 13, 202420
- PresidentMichael Jeffrey Scholl Jun 19, 2017 to Mar 6, 201921
- PresidentJames A. McLaughlin Jun 22, 2017 to May 21, 201822
- Chief financial officerJoshua Paul Weisenburger Jun 19, 2017 to now23
Board members and other officers (18)
- OfficerRobert Frederick Thomas Sep 27, 2024 to Sep 27, 202424
- Pres Link Media Holdings,LLCWilliam Scott Lafoy Feb 17, 2023 to Feb 14, 202525
- OfficerSteven Charles McGhie Apr 20, 2023 to Apr 4, 202426
- Chief Accounting OfficerJoseph Max Meisinger Jul 18, 2022 to Feb 14, 202527
- OfficerAlexander Buffett Rozek Mar 6, 2018 to Aug 15, 201828
- OfficerAdam K. Peterson Nov 9, 2016 to Nov 9, 201629
- OfficerJeffrey Charles Piermont Nov 9, 2016 to Jun 19, 201730
- OfficerJoshua Paul Weisenburger Nov 9, 2016 to Nov 9, 201631
- OfficerMichael Jeffrey Scholl Nov 9, 2016 to Nov 9, 201632
- OfficerSean Anthony Cash Nov 9, 2016 to Nov 9, 201633
- Board memberDavid S. Graff Jan 22, 2025 to now34
- Board memberThomas Burt Sep 25, 2024 to now35
- Board memberJeffrey C. Royal Jan 14, 2019 to now36
- Board memberFrank H. Kenan Ii. Jun 22, 2017 to now37
- Board memberVishnu Srinivasan Jun 22, 2017 to now38
- Board memberAdam K. Peterson Nov 9, 2016 to Jan 14, 202529
- Board memberAlexander Buffett Rozek Nov 9, 2016 to May 13, 202419
- Board memberBradford B. Briner Nov 9, 2016 to Sep 24, 202439
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 24th Street Asset Management LLC Nevada5
- 24th Street Fund I, LLC Nevada5
- 24th Street Fund II, LLC Nevada5
- BOAM BFR, LLC Delaware5
- BOC Business Services, LLC Delaware5
- BOC Yellowstone II, LLC Delaware5
- BOC Yellowstone, LLC Delaware5
- BOSS Bonds Insurance Agency, LLC, formerly known as South Coast Surety Insurance Services, LLC Delaware5
- Boston Omaha Asset Management, LLC Delaware5
- Boston Omaha Broadband, LLC Delaware5
- Boston Omaha Investments, LLC Delaware5
- FIF AireBeam, LLC Delaware5
- FIF St George, LLC Delaware5
- FIF Utah, LLC Delaware5
- Fiber Fast Homes, LLC Delaware5
- Fund One Boston Omaha Build for Rent LP Delaware5
- General Indemnity Group, LLC Delaware5
- Link Billboards Oklahoma, LLC Delaware5
- Link Media Alabama, LLC Alabama5
- Link Media Florida, LLC Florida5
- Link Media Georgia, LLC Georgia5
- Link Media Holdings, LLC Delaware5
- Link Media Midwest, LLC Delaware5
- Link Media Omaha, LLC Delaware5
All 29 listed subsidiaries
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- REO PLUS, INC.Oct 20, 2010 to Feb 19, 20154
Timeline
- Sep 11, 20268-K Regulation FD disclosure; Other events40
- Aug 24, 20268-K Shareholder vote41
- Aug 21, 20268-K Regulation FD disclosure42
- Aug 13, 20268-K Results of operations43
- Jun 30, 20268-K Other events44
- Jun 15, 20268-K New debt or obligation45
- May 18, 20268-K Entered a material agreement; Regulation FD disclosure46
- May 14, 20268-K Results of operations47
- Mar 31, 20268-K Regulation FD disclosure48
- Mar 31, 20268-K Regulation FD disclosure49
- Mar 12, 20268-K Executive or director change50
- Nov 17, 20258-K Regulation FD disclosure; Other events51
- Apr 14, 2020New chief executive William Scott Lafoy becomes CEO17
- Mar 5, 2018New chief executive Adam K. Peterson becomes CEO18
- Nov 9, 2016New chief executive Alexander Buffett Rozek becomes CEO19
- Mar 16, 2015Founded BOSTON OMAHA Corp is founded2
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/202652
When it reported results
- Aug 13, 2026Reported quarterly or annual results43
- May 14, 2026Reported quarterly or annual results47
- Nov 13, 2025Reported quarterly or annual results53
- Aug 13, 2025Reported quarterly or annual results54
- May 14, 2025Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
224 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 67 major events, 82 insider forms, 22 large holders, 30 other. The latest 20:
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 15, 2026SCHEDULE 13D/A EDGAR
- Sep 14, 2026144 EDGAR
- Sep 11, 20268-K EDGAR
- Aug 24, 20268-K EDGAR
- Aug 21, 20268-K EDGAR
- Aug 13, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Jul 14, 2026SCHEDULE 13G/A EDGAR
- Jul 1, 2026DEFA14A EDGAR
- Jul 1, 2026DEF 14A EDGAR
- Jun 30, 20268-K EDGAR
- Jun 15, 20268-K EDGAR
- Jun 1, 20264 EDGAR
- May 27, 20264 EDGAR
The 224 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
37 open-market trades by officers, directors and large owners since October 2021: 33 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Keating Brendan JosephDirector | Sale | 100,994 | $13.56 | $1.4M | Form 4 |
| Jun 1, 2026 | Kenan Frank H. IIDirector | Buy | 6,033 | $12.89 | $77.8K | Form 4 |
| May 29, 2026 | Kenan Frank H. IIDirector | Buy | 10,000 | $12.93 | $129.3K | Form 4 |
| May 28, 2026 | Kenan Frank H. IIDirector | Buy | 34,719 | $13.37 | $464.2K | Form 4 |
| May 27, 2026 | Royal Jeffrey CDirector | Buy | 20,000 | $12.77 | $255.4K | Form 4 |
| May 26, 2026 | Royal Jeffrey CDirector | Buy | 11,046 | $12.82 | $141.6K | Form 4 |
| May 22, 2026 | Royal Jeffrey CDirector | Buy | 10,000 | $12.40 | $124.0K | Form 4 |
| Dec 11, 2025 | Burt ThomasDirector | Buy | 14,738 | $13.62 | $200.7K | Form 4 |
| Dec 3, 2025 | Kenan Frank H. IIDirector | Buy | 24,743 | $12.93 | $320.0K | Form 4 |
| Dec 2, 2025 | Kenan Frank H. IIDirector | Buy | 10,948 | $12.66 | $138.6K | Form 4 |
| Dec 1, 2025 | Royal Jeffrey CDirector | Buy | 10,000 | $12.72 | $127.2K | Form 4 |
| Dec 1, 2025 | Kenan Frank H. IIDirector | Buy | 44,196 | $12.67 | $560.0K | Form 4 |
| Jun 14, 2024 | Meisinger Joseph MaxChief Accounting Officer | Buy | 1,445 | $13.87 | $20.0K | Form 4 |
| Jun 14, 2024 | Peterson Adam KChief Executive Officer | Buy | 8,972 | $13.84 | $124.2K | Form 4 |
| Jun 13, 2024 | Peterson Adam KChief Executive Officer | Buy | 4,552 | $13.90 | $63.3K | Form 4 |
| Jun 11, 2024 | Kenan Frank H. IIDirector | Buy | 30,000 | $14.03 | $420.9K | Form 4 |
| Jun 7, 2024 | Weisenburger Joshua PaulChief Financial Officer | Buy | 1,270 | $13.85 | $17.6K | Form 4 |
| Jun 7, 2024 | MAGNOLIA GROUP, LLC10% owner | Buy | 7,500 | $13.97 | $104.8K | Form 4 |
| Jun 6, 2024 | Royal Jeffrey CDirector | Buy | 10,000 | $13.95 | $139.5K | Form 4 |
| Jun 6, 2024 | Briner Bradford BDirector | Buy | 10,000 | $13.80 | $138.0K | Form 4 |
All 37 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- MAGNOLIA CAPITAL FUND, LPSCHEDULE 13D/A, 4 filings May 26, 2022 to Sep 15, 202656
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Jul 15, 2025 to Jul 14, 202657
- BlackRockSCHEDULE 13G, 5 filings Feb 3, 2023 to Apr 27, 202658
- Institute Of Technology MassachusettsSCHEDULE 13G, 6 filings Apr 8, 2022 to Jan 20, 202659
- T. Rowe Price Investment Management, Inc.SC 13G/A, 3 filings Feb 14, 2023 to Feb 16, 202460
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202361
Stakes it holds
BOSTON OMAHA Corp has told the SEC it owns more than 5% of 2 companies, latest first (Schedules 13D and 13G).
- Sky Harbour Group CorpSCHEDULE 13D/A Feb 4, 2022 to Aug 13, 202662
- Dream Finders Homes, Inc.SC 13G/A Oct 7, 2021 to Jun 1, 202263
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Adam K. PetersonChief Executive Officer and President (Principal Executive Officer) | 44 | $639.0K | $671.2K64 |
| 2025 | Joshua P. WeisenburgerChief Financial Officer, Secretary and Treasurer (Named Executive Officer) | 43 | $335.0K | $568.7K64 |
| 2024 | Adam K. PetersonChief Executive Officer and President (Principal Executive Officer) | 44 | $639.0K | $670.2K64 |
| 2024 | Joshua P. WeisenburgerChief Financial Officer, Secretary and Treasurer (Named Executive Officer) | 43 | $320.0K | $542.4K64 |
| 2023 | Joshua P. WeisenburgerChief Financial Officer, Secretary and Treasurer (Named Executive Officer) | 43 | $290.0K | $910.5K64 |
| 2023 | Adam K. PetersonChief Executive Officer and President (Principal Executive Officer) | 44 | $639.0K | $668.8K64 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How BOSTON OMAHA Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBOSTON OMAHA Corp1
- CIK0001494582
- Employer ID (EIN)27-07884386
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsDecember 311
- Industry code (SIC)6510 Real Estate Operators (No Developers) & Lessors1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1601 Dodge Street, Suite 3300, Omaha, NE 681021
- Phone857-256-00791
- Shares outstanding30,085,520 Common Class A shares; 580,558 Common Class B shares as of Mar 27, 20266
- Public float$339.1M as of Jun 30, 20256
- AuditorKPMG LLP, Omaha, Nebraska PCAOB ID 185; no auditor attestation of internal control over financial reporting6
- On EDGAR sinceOct 20, 20101
- Filings597 in all: 8-K (167), 4 (140), 10-Q (42), 3 (23), SC 13D/A (19), CORRESP (17), 10-K (14), S-1/A (14)1
All 49 form types
UPLOAD (14), 8-K/A (12), DEF 14A (12), SC 13G (11), SC 13G/A (11), 144 (10), 424B5 (8), DEFA14A (7), EFFECT (7), 4/A (6), SCHEDULE 13D/A (6), 10-K/A (5), PRE 14A (4), S-3 (4), 424B3 (3), SC 13D (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 424B7 (2), 8-A12B (2), ARS (2), ARS/A (2), D (2), D/A (2), DEL AM (2), NT 10-Q (2), S-1 (2), 10-Q/A (1), 25 (1), 424B4 (1), 5 (1), 8-A12G (1), 8-A12G/A (1), CERT (1), CERTNAS (1), FWP (1), NT 10-K (1), POS AM (1), S-1MEF (1), S-3/A (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Jul 1, 2026
Latest 8-K (8-K) Sep 11, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common stock, $0.001 par value per share | BOC | New York Stock Exchange |
From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks BOSTON OMAHA Corp names in Item 1A of its 10-K filed Mar 30, 2026: 51 risks under these headings, as written.6
- Risks Related to the Company and Our Business
- We have incurred losses from operations since inception and we anticipate that we will continue to incur losses for the foreseeable future.
- Our failure to successfully identify and complete future acquisitions of assets or businesses could reduce future potential earnings, reduce available cash and slow our anticipated growth.
- We may have difficulty integrating the operations of companies or businesses that we may acquire and may incur substantial costs in connection therewith.
- Increased operating expenses associated with the expansion of our business may negatively impact our operating income.
- We could suffer losses due to asset impairment charges for goodwill and other intangible assets.
- We may raise additional equity capital through additional public or private placements, and issue equity securities under our 2022 Long-Term Incentive Plan, any of which could substantially dilute your investment.
- We may incur potential future impairment charges for holdings in Sky Harbour Group Corporation Class A common stock and other investments and potential volatility in earnings due to our investments in Sky Harbour Group Corporation and other public securities.
- Our significant equity ownership in Sky Harbour Group Corporation's Class A common stock and warrants may make it difficult for us to resell a significant portion of our Sky Harbour Group Corporation securities in a short period of time.
- Our investments in Sky Harbour Group Corporation's Class A common stock and Sky Warrants and other publicly traded and privately-held securities involve a substantial degree of risk.
- We run the risk of inadvertently being deemed an investment company required to register under the Investment Company Act of 1940.
- The existing and future indebtedness incurred by our billboard and broadband businesses may adversely affect our ability to obtain additional funds and may increase our vulnerability to economic or business downturns. Failure to comply with the terms of the indebtedness could result in a default by our billboard or broadband business that could have material adverse consequences for us.
The other 40 risks
- Restrictive covenants in Link's indebtedness and BOB's indebtedness may limit management’s discretion with respect to certain business matters.
- If we are unable to manage our interest rate risk effectively, our cash flows and operating results may suffer.
- We may raise additional capital pursuant to debt financing, and such debt financing arrangements may contain covenants, which, if not complied with, could have a material adverse effect on our financial condition.
- We may be unable to access capital.
- We face intense competition, including competition from companies with significantly greater resources than us, and if we are unable to compete effectively with these companies, our market share may decline and our business could be harmed.
- Outdoor Billboard Advertising.
- Adverse economic conditions could negatively affect our results of operations and financial condition.
- Climate change, severe weather, natural disasters, public health emergencies and other external events could significantly impact our business.
- We may be unable to employ a sufficient number of key employees and other experienced or qualified workers.
- We are heavily reliant upon our executive management team.
- Our executive officers and directors may experience a conflict of interest between their duties to us and to affiliated parties.
- Disruptions to our information technology systems and any cybersecurity breaches could disrupt our business operations and have a material adverse effect on our business, prospects, results of operations, financial condition and/or cash flows.
- Changes in laws and regulations governing data privacy and data protection could have a material adverse impact on our business.
- Governmental regulations could adversely affect our business, financial condition, results of operations and prospects.
- Our surety insurance business is subject to extensive insurance regulation, which may adversely affect our ability to achieve our business objectives. In addition, if we fail to comply with these regulations, we may be subject to penalties, including fines and suspensions, which may adversely affect our financial condition and results of operations. Failure to maintain our A.M. Best current rating or our U.S. Treasury Department listing would significantly impact our ability to operate effectively in the surety market.
- We may be unable to obtain reinsurance coverage at reasonable prices or on terms that adequately protect us.
- Our insurance employees could take excessive risks, which could negatively affect our financial condition and business.
- If actual insurance claims exceed our claims and claim adjustment expense reserves, or if changes in the estimated level of claims and claim adjustment expense reserves are necessary, our financial results could be materially and adversely affected.
- Our efforts to develop new insurance products or expand in targeted markets may not be successful and may create enhanced risks.
- Adverse economic factors, including recession, inflation, periods of high unemployment or lower economic activity could result in the sale of fewer surety policies than expected or an increase in frequency or severity of claims and premium defaults or both, which, in turn, could affect the growth and profitability of our surety insurance business.
- We lack operational control over certain companies in which we invest and may lack operational control over companies in which we may invest in the future.
- We are subject to extensive financial reporting and related requirements for which our accounting and other management systems and resources may not be adequately prepared.
- We may fail to maintain effective internal controls over external financial reporting or such controls may fail or be circumvented.
- Risks Related to Ownership of our Common Stock
- Investors should not rely on the accuracy of forward-looking statements made by us.
- The price of our Class A common stock has been, and is likely to continue to be, volatile and may fluctuate substantially, which could result in substantial losses for purchasers of our Class A common stock.
- We are providing information in this Annual Report on Form 10-K under the reduced disclosure requirements for smaller reporting companies and the reduced disclosure provided in this Form 10-K may make our Class A common stock less attractive to investors.
- An active trading market for our Class A common stock may not be maintained.
- We will continue to incur increased costs as a result of operating as a public company in the United States.
- If a substantial number of shares of our Class A common stock become available for sale and are sold in a short period of time, the market price of our Class A common stock could decline.
- If equity research analysts do not publish research or reports about our business or if they issue unfavorable commentary or downgrade our Class A common stock, the market price of our Class A common stock could decline.
- Entities managed by Magnolia currently effectively control 31.7% of the votes needed on all voting matters brought before our stockholders, making it difficult for stockholder proposals not approved by Magnolia to receive stockholder approval.
- Certain actions cannot be taken without the approval of MCF due to its ownership of Class B common stock.
- Provisions in our charter documents and Delaware law could make an acquisition of us more difficult and may prevent attempts by our stockholders to replace or remove our current management, even if beneficial to our stockholders.
- Because we do not intend to pay dividends for the foreseeable future, you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
- If we are, or were, a U.S. real property holding corporation, non-U.S. holders of our Class A common stock could be subject to U.S. federal income tax on the gain from its sale, exchange or other disposition.
- You may be diluted by the future issuance of additional Class A common stock in connection with acquisitions, sales of our securities or otherwise.
- Our authorized preferred stock exposes holders of our common stock to certain risks.
- Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the United States are the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees
- Our directors have limited liability under Delaware law.
- Our ability to use our net operating loss carry forwards may be subject to limitation and may result in increased future tax liability.
Legal proceedings
Due to the nature of our business, we are, from time to time and in the ordinary course of business, involved in routine litigation or subject to disputes or claims related to our business activities, including, without limitation, workers’ compensation claims and employment-related disputes. In the opinion of our management, none of the pending litigation, disputes or claims against us, if decided adversely, will have a material adverse effect individually or in the aggregate on our financial condition, cash flows or results of operations.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARAlexander Buffett Rozek, President
- 21SEC EDGARMichael Jeffrey Scholl, President
- 22SEC EDGARJames A. McLaughlin, President
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- 24SEC EDGARRobert Frederick Thomas, Officer
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- 26SEC EDGARSteven Charles McGhie, Officer
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- 28SEC EDGARAlexander Buffett Rozek, Officer
- 29SEC EDGARAdam K. Peterson, Officer
- 30SEC EDGARJeffrey Charles Piermont, Officer
- 31SEC EDGARJoshua Paul Weisenburger, Officer
- 32SEC EDGARMichael Jeffrey Scholl, Officer
- 33SEC EDGARSean Anthony Cash, Officer
- 34SEC EDGARDavid S. Graff, Board member
- 35SEC EDGARThomas Burt, Board member
- 36SEC EDGARJeffrey C. Royal, Board member
- 37SEC EDGARFrank H. Kenan Ii., Board member
- 38SEC EDGARVishnu Srinivasan, Board member
- 39SEC EDGARBradford B. Briner, Board member
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- 41SEC EDGARShareholder vote
- 42SEC EDGARRegulation FD disclosure
- 43SEC EDGARResults of operations
- 44SEC EDGAROther events
- 45SEC EDGARNew debt or obligation
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- 47SEC EDGARResults of operations
- 48SEC EDGARRegulation FD disclosure
- 49SEC EDGARRegulation FD disclosure
- 50SEC EDGARExecutive or director change
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- 52NasdaqNasdaq calendar
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