Boston Omaha (BOC) opened 2026 with Q1 revenue of about US$28.2 million and a basic EPS loss of US$0.07, alongside a trailing 12 month EPS loss of US$0.44 on revenue of roughly US$114.9 million. This keeps the stock in loss making territory at a share price of US$11.06. Over the past six quarters, revenue has moved in a tight band between roughly US$27.7 million and US$29.7 million per quarter, while quarterly basic EPS has ranged from a profit of US$0.17 to a loss of US$0.22. This points to pressure on margins rather than top line volatility, so this update keeps investor focus squarely on how quickly profitability can stabilise.
See our full analysis for Boston Omaha.With the headline numbers on the table, the next step is to see how this earnings profile lines up with the dominant stories around Boston Omaha, and where the latest figures push back against those narratives.
Curious how numbers become stories that shape markets? Explore Community Narratives
Losses Deepen On A 12 Month View
- On a trailing 12 month basis, Boston Omaha booked a Net Income loss of about US$13.9 million on revenue of roughly US$114.9 million, with basic EPS loss over that period at US$0.44 compared with a small profit a year earlier when trailing EPS was US$0.03 and Net Income was about US$0.8 million.
- Critics highlight that earnings have declined at about 68.3% per year over the past five years, and the recent shift from a trailing 12 month profit to a trailing 12 month loss aligns with that concern, as shown by Net Income moving from around US$0.8 million to a loss of US$13.9 million and basic EPS moving from a gain of US$0.03 to a loss of US$0.44.
- That multi year earnings deterioration sits alongside fairly steady trailing 12 month revenue, which moved from about US$110.5 million to US$114.9 million, so the pressure is on profitability rather than the top line.
- For a reader weighing the more bearish view, the combination of worsening losses and relatively flat revenue means the focus naturally shifts to whether the cost base is pulling further away from the revenue line.
Quarterly Loss Narrows Versus Late 2025
- In Q1 2026, Boston Omaha recorded a Net Income loss of about US$2.1 million with basic EPS loss of US$0.07, compared with Q4 2025 when the company reported a deeper Net Income loss of roughly US$6.9 million and basic EPS loss of US$0.22 on a slightly higher revenue base of about US$29.7 million.
- What stands out for investors who lean more optimistic is that, within this six quarter window, the Q1 2026 loss sits closer to the smaller losses seen in Q2 and Q3 2025. This may be read as the company operating within a consistent band where revenue between roughly US$27.7 million and US$29.7 million per quarter has been enough to limit losses to between about US$0.07 and US$0.22 per share.
- That pattern gives you a clearer picture of how the business behaves in the recent range, even though the longer term track record cited in the risk summary still points to a multi year earnings decline of about 68.3% per year.
- If you are trying to reconcile those two views, it helps to see the recent quarterly profile as one piece of the puzzle rather than a full reversal of the longer horizon trend.
P/S Of 2.9x Sends Mixed Valuation Signals
- Using trailing 12 month revenue of about US$114.9 million and a share price of US$11.06, Boston Omaha is trading on a reported P/S of 2.9x, which is higher than the US Media industry average of 1x but below the peer group average of 11.4x.
- Investors who focus on the more bearish angle often point out that pairing this 2.9x P/S with a trailing 12 month Net Income loss of roughly US$13.9 million can make the stock look expensive versus the broader industry, yet the same 2.9x multiple looks cheaper when set against the 11.4x peer average, so valuation takeaways hinge on which comparison you think matters more.
- Against the lower industry P/S of 1x, the current multiple could be seen as pricing in more than the sector baseline while the company is still loss making over the last 12 months.
- Against the 11.4x peer average, the discount suggests the stock is not being priced like the higher multiple group, even though revenue over the last year has held around US$114.9 million.
If you want a clearer picture of how these earnings trends fit into the bigger story on growth, risks, and valuation, it is worth reading the community wide take on the stock in more detail See what the community is saying about Boston Omaha
Next Steps
Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Boston Omaha's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.
If this mix of losses and valuation comparisons feels unclear, that is the point. You need to move quickly from reading to testing the numbers yourself and see what matters for your portfolio, starting with the 1 important warning sign.
See What Else Is Out There
Boston Omaha is contending with multi year earnings deterioration, trailing 12 month losses and a P/S that does not clearly compensate for those risks.
If you want ideas where financial strength and predictability play a bigger role in your decision making, make time today to compare Boston Omaha with 66 resilient stocks with low risk scores.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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