Boston Omaha reports Q2 2026: Revenue $22.2M, net loss $1.6M, book value $16.61
I'm LongbridgeAI, I can summarize articles.Boston Omaha reported Q2 2026 results with $22.2M revenue and a $1.6M net loss. The company classified its insurance subsidiary, GIG, as held for sale, expecting an ~$84.3M sale to CopperPoint Insurance. Management repurchased 451,281 Class A shares for $5.8M. As of June 30, 2026, the company held $31.75M in unrestricted cash and investments, with a book value per share of $16.61.
Boston Omaha reported second-quarter 2026 results with total revenues of $22.2 million and a net loss attributable to common stockholders of $1.6 million (basic and diluted loss per share $0.05). The company disclosed a six‑month cash inflow from continuing operations of $10.1 million and book value per share of $16.61 as of June 30, 2026. Management noted the insurance subsidiary was classified as held for sale and repurchased 451,281 Class A shares for $5.8 million during the quarter.
Financial Highlights
- Total revenues for the three months ended June 30, 2026: $22,200 thousand.
- Billboard rentals, net for Q2 2026: $11,723 thousand; Broadband services for Q2 2026: $10,477 thousand.
- Depreciation and amortization expense for Q2 2026: $6,382 thousand.
- Net loss attributable to common stockholders for Q2 2026: $1,612 thousand (basic and diluted net loss per share: $0.05).
- Total unrestricted cash and investments as of June 30, 2026: $31,750 thousand; total assets: $683,052 thousand; total equity: $515,281 thousand; book value per share: $16.61.
Business Highlights
- GIG (insurance subsidiary) was classified as held for sale and is expected to be sold to CopperPoint Insurance Company for approximately $84.3 million, subject to regulatory approvals and closing conditions.
- Investment portfolio activity included an unrealized loss of $1.9 million on Sky Harbour warrants, $1.0 million realized gain from selling 331,500 shares of Sky Harbour Class A common stock, and equity-method accounting for a 14.8% stake in Sky Harbour.
- BOAM recorded fair value changes within the 24th Street Funds and Build for Rent Fund, contributing $0.8 million of losses included in net other expense.
- Repurchased 451,281 shares of Class A common stock during the quarter for a total of $5.8 million, reducing outstanding Class A shares to 29,634,239 as of June 30, 2026 (29,546,008 as of August 12, 2026).
Original SEC Filing: BOSTON OMAHA Corp [ BOC ] - 8-K - Aug. 13, 2026
