How large is BOC's share repurchase program?

Boston Omaha's board increased the Class A share repurchase authorization to $85 million from $30 million. Repurchases may be made through open-market or privately negotiated transactions at management's discretion, and BOC intends to use available cash and cash equivalents.

Boston Omaha raises buyback authorization to $85M

Q: What were BOC's third-quarter 2026 results?

Boston Omaha reported third-quarter 2026 revenue of $22.178 million, net loss attributable to common stockholders of $192,000, and net loss from operations of $997,000; the comparable 2025 figures were $21.944 million, $2.588 million, and $689,000, respectively.

Q: How many BOC shares were outstanding on November 13, 2026?

As of November 13, 2026, Boston Omaha had 28,999,265 Class A common shares and 580,558 Class B common shares outstanding.

Available on EDGAR 11/13/2026 - 04:30 PM EST Accepted by SEC EDGAR 11/13/2026 - 04:29 PM EST

Filing Impact

(Very High)

Filing Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

Boston Omaha Corporation (BOC) increased its Class A share repurchase authorization from $30 million to $85 million. The discretionary program permits open-market or privately negotiated purchases, including open-market purchases under a Rule 10b5-1 plan. BOC intends to use available cash and cash equivalents; the program expires on the earlier of December 31, 2027, or when $85 million has been repurchased, and does not require purchases of a specific number of shares. During the third quarter, BOC repurchased 457,308 Class A shares for $6.4 million.

For the three months ended September 30, 2026, revenue was $22.178 million, compared with $21.944 million a year earlier. Net loss attributable to common stockholders was $192,000, versus $2.588 million, while net loss from operations was $997,000, versus $689,000. Nine-month cash inflow from continuing operations was $16.6 million, compared with $13.0 million. At September 30, unrestricted cash and investments totaled $29.743 million. Third-quarter net other expense included $5.0 million of losses within BOAM primarily related to fair-value changes in fund assets, and a $2.2 million unrealized loss on Sky Harbour warrants.

1 point · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance works How Sentiment works

0 major · 1 point

How the balance works

Positive

Moderate pointCommon-stockholder net loss narrowed to $192,000 from $2.588 million.

Negative

Moderate pointOperating loss widened to $997,000 from $689,000.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Share repurchase authorization: $85 million Class A shares repurchased: 457,308 shares Repurchase cost: $6.4 million +5 more

8 metrics

Share repurchase authorization $85 million Raised from $30 million; expires on the earlier of December 31, 2027, or when $85 million has been repurchased.

Class A shares repurchased 457,308 shares Third quarter of 2026.

Repurchase cost $6.4 million Cost of 457,308 Class A shares repurchased in the third quarter of 2026.

Total revenues $22.178 million Three months ended September 30, 2026; $21.944 million in 2025.

Net loss attributable to common stockholders $192,000 loss Three months ended September 30, 2026; $2.588 million loss in 2025.

Net loss from operations $997,000 loss Three months ended September 30, 2026; $689,000 loss in 2025.

Cash inflow from continuing operations $16.6 million Nine months ended September 30, 2026; $13.0 million in 2025.

Unrestricted cash and investments $29.743 million As of September 30, 2026; $36.726 million as of December 31, 2025.

Key Terms

Rule 10b5-1, noncontrolling interests, equity method, marketable equity securities, +2 more

6 terms

Rule 10b5-1 regulatory

"under a plan adopted pursuant to Rule 10b5-1"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

noncontrolling interests financial

"Noncontrolling interests are primarily related to third party capital"

The portion of a subsidiary’s equity and profits that belongs to outside owners rather than the parent company; when a parent reports consolidated results it includes the whole subsidiary but shows the noncontrolling slice separately. Think of a company’s subsidiary as a pie where the parent owns most slices but some are held by other investors — noncontrolling interests tell you how much of the pie and its future earnings don’t belong to the parent, which affects how much profit and net assets are truly attributable to the parent’s shareholders.

equity method financial

"account for our 13.4% stake under the equity method"

An equity method investment is an accounting approach used when a company owns enough of another business to influence its decisions but not control it (commonly around 20–50% ownership). Instead of counting only dividends, the investor records its share of the other company’s profits and losses on its own income statement and adjusts the investment’s value on the balance sheet—like tracking a friend’s joint project by noting your share of their gains or setbacks. For investors, this matters because it can significantly affect reported earnings, asset values, and the apparent strength of a company’s financial results.

marketable equity securities financial

"Investments consist of U.S. Treasury securities and marketable equity securities"

Marketable equity securities are ownership shares in companies that can be quickly bought or sold on public exchanges or other active markets. They matter to investors because they can be converted to cash fast, affect a firm's reported assets and risk exposure, and their market price moves with investor sentiment—think of them like stocks on a busy trading floor that you can usually sell immediately if you need money or want to adjust your portfolio.

unrealized loss financial

"an unrealized loss of $2.2 million on the Sky Harbour warrants"

An unrealized loss is the drop in value of an investment that you still own — it's a loss on paper, not one you've locked in by selling. It matters to investors because it changes the reported worth of a portfolio and can influence decisions about holding, selling, or rebalancing; like seeing a car’s resale value fall while you still drive it, the loss only becomes permanent if you sell.

cash inflow from continuing operations financial

"Cash inflow from continuing operations for the nine months ended"

Earnings Snapshot

Total revenues: $22.178 million

Third quarter ended September 30, 2026

Total revenues $22.178 million $21.944 million in the third quarter of 2025

Net loss from operations $997,000 loss $689,000 loss in the third quarter of 2025

Net loss attributable to common stockholders $192,000 loss $2.588 million loss in the third quarter of 2025

Basic and diluted net loss per share $0.01 loss per share $0.08 loss per share in the third quarter of 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were BOC's third-quarter 2026 results?

Boston Omaha reported third-quarter 2026 revenue of $22.178 million, net loss attributable to common stockholders of $192,000, and net loss from operations of $997,000; the comparable 2025 figures were $21.944 million, $2.588 million, and $689,000, respectively.

How many BOC shares were outstanding on November 13, 2026?

As of November 13, 2026, Boston Omaha had 28,999,265 Class A common shares and 580,558 Class B common shares outstanding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 11, 2026

BOSTON OMAHA CORPORATION
(Exact name of registrant as specified in its Charter)

Delaware	001-38113	27-0788438
(State or other jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)


1601 Dodge Street, Suite 3300 Omaha, Nebraska 68102 (Address and telephone number of principal executive offices, including zip code)
(857) 256-0079 (Registrant's telephone number, including area code)
Not Applicable (Former name or address, if changed since last report)

Securities registered under Section 12(b) of the Exchange Act:

Title of Class	Trading Symbol	Name of Exchange on Which Registered
Class A common stock, $0.001 par value per share	BOC	The New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of Registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02

RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On November 13, 2026, Boston Omaha Corporation (the “Company”) issued a press release entitled “Boston Omaha Corporation Announces Third Quarter 2026 Financial Results” (the "Press Release"). The full text of the Press Release is attached to this Current Report on Form 8-K as Exhibit 99.1. The Press Release was also simultaneously filed on the Company’s website. On the same date, the Company filed on its website a presentation entitled "Boston Omaha Q3 2026 Financial Results" (the "Presentation"). A copy of the Presentation is attached to this Current Report on Form 8-K as Exhibit 99.2. The Press Release also provided information as to the location of the Presentation on the Company's website. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

ITEM 8.01

OTHER INFORMATION.

As previously announced, on September 10, 2026, the Board of Directors (the “Board”) of the Company approved and authorized a new share repurchase program (the “Share Repurchase Program”), pursuant to which the Company intends to repurchase up to $30 million of its Class A common stock. On November 11, 2026, the Board voted to increase the size of the Share Repurchase Program from $30 million to $85 million. The acquisition of shares under the Share Repurchase Program may be effected from time to time through open market purchases (including under a plan adopted pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934) or other methods of acquiring shares, in each case on such terms and at such times as shall be permitted by applicable securities laws and determined by the Company’s management. Under this new program, share repurchases may be made from time to time depending on market conditions, share price, share availability, and other factors at the Company’s discretion. The Share Repurchase Program expires on the earlier of December 31, 2027 or when $85 million of Class A common stock has been repurchased under the Share Repurchase Program. Pursuant to the Share Repurchase Program, the Company is not obligated to repurchase any specific number of shares of its Class A common stock. Any repurchase of shares will take place in open market transactions or privately negotiated transactions in accordance with applicable securities and other laws, including the Securities Exchange Act of 1934. The Company intends to finance the repurchase program using its available cash and cash equivalents. The Board may modify, suspend, extend or terminate the Share Repurchase Program at any time

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

(d)	Exhibits. The Exhibit Index set forth below is incorporated herein by reference.

EXHIBIT INDEX

Exhibit Number	Exhibit Title

99.1	Press release dated November 13, 2026.
99.2	Presentation dated November 13, 2026 titled "Boston Omaha Q3 2026 Financial Results"
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BOSTON OMAHA CORPORATION (Registrant)


	By:	/s/ Joshua P. Weisenburger
		Joshua P. Weisenburger, Chief FiInancial Officer

Date: November 13, 2026

Exhibit 99.1

Boston Omaha Corporation Announces Third Quarter 2026 Financial Results and Further Increase in Share Repurchase Program from $30 Million to $85 Million

Omaha, Nebraska (Business Wire)

November 13, 2026

Boston Omaha Corporation (NYSE: BOC) (the “Company”, “we”, or “our”) announced its financial results for the third quarter ended September 30, 2026, in connection with filing its Quarterly Report on Form 10-Q with the Securities and Exchange Commission.

We show summary financial data below for the third quarter of 2026 and 2025. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com. A supplemental presentation providing additional financial information for the third quarter of 2026 can be found on our investor relations website at https://investor.bostonomaha.com. We believe that it is important for shareholders to read the supplemental presentation as, in management’s opinion, it provides additional information on business metrics we use in gauging the performance of each of our business units and investments.

($ in thousands)	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2026			2025			2026			2025
Billboard Rentals, Net	$	12,076		$	11,788		$	34,772		$	33,993
Broadband Services		10,101			10,151			31,328			30,705
Investment and Other Income		1			5			2			22
Total Revenues		22,178			21,944			66,102			64,720

Depreciation and Amortization Expense		6,538			6,193			19,173			18,064

Net Loss from Operations		(997	)		(689	)		(2,156	)		(2,223	)
Net Other Expense		(3,611	)		(4,224	)		(8,104	)		(10,855	)
Income Tax Benefit on Continuing Operations		194			756			1,311			1,746
Noncontrolling Interest in Subsidiary Loss		3,830			1,768			4,790			5,776
Income (Loss) from Discontinued Operations		392			(199	)		207			(21	)
Net Loss Attributable to Common Stockholders	$	(192	)	$	(2,588	)	$	(3,952	)	$	(5,577	)
Basic and Diluted Net Loss per Share	$	(0.01	)	$	(0.08	)	$	(0.13	)	$	(0.18	)

	September 30,		December 31,
	2026		2025
Total Unrestricted Cash and Investments⁽¹⁾	$	29,743	$	36,726
Total Assets		672,162		713,073
Total Liabilities		166,830		177,000
Total Boston Omaha Stockholders' Equity		495,733		516,137
Noncontrolling Interests ⁽²⁾		9,599		19,936
Total Equity	$	505,332	$	536,073

During the third quarter of fiscal 2026, “Net Other Expense” included losses of $5.0 million within BOAM primarily related to the changes in the fair value of the underlying assets within the 24th Street Funds and BFR Fund, an unrealized loss of $2.2 million on the Sky Harbour warrants held by Boston Omaha, and $0.6 million in interest expense. These items were partially offset by $2.6 million in income from unconsolidated affiliates mainly related to our equity method position in Sky Harbour, $1.4 million in realized gains on the sale of 360,000 shares of Sky Harbour Class A common stock, and interest and dividend income of $0.2 million.

(1)	Investments consist of U.S. Treasury securities classified as trading securities and marketable equity securities. Marketable equity securities excludes Sky Harbour Group Corporation (“Sky Harbour”) Class A common stock as we account for our 13.4% stake (as measured at September 30, 2026) under the equity method.
(2)	Noncontrolling interests are primarily related to third party capital raised within our Build for Rent Fund and 24^th Street commercial real estate funds.

Our investment in Sky Harbour Class A common stock and warrants was valued at $71.6 million on our condensed consolidated balance sheet as of September 30, 2026. If our investment in Sky Harbour Class A common stock was accounted for at fair value based on its quoted market price (currently valued using equity method accounting), then our total investment in Sky Harbour Class A common stock and warrants would be valued at $105.3 million as of September 30, 2026.

Cash inflow from continuing operations for the nine months ended September 30, 2026 was $16.6 million, compared to a cash inflow of $13.0 million for the nine months ended September 30, 2025.

During the third quarter of fiscal 2026, we repurchased 457,308 shares of our Class A common stock for a total cost of $6.4 million.

Our book value per share was $16.64 at September 30, 2026, compared to $16.63 at December 31, 2025.

As of September 30, 2026, we had 29,208,443 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.

As of November 13, 2026, we had 28,999,265 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.

In September 2026, we announced a new Share Repurchase Program to take effect in November 2026 authorizing the Company to repurchase up to $30 million of its Class A common stock. On November 11, 2026, the Board voted to increase the size of the Share Repurchase Program to $85 million. The acquisition of shares under the Share Repurchase Program may be effected from time to time through open market purchases (including under a plan adopted pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934) or other methods of acquiring shares, in each case on such terms and at such times as shall be permitted by applicable securities laws and determined by the Company’s management. Under this new program, share repurchases may be made from time to time depending on market conditions, share price, share availability, and other factors at the Company’s discretion. The Share Repurchase Program expires on the earlier of December 31, 2027 or when $85 million of Class A common stock has been repurchased under the Share Repurchase Program. Pursuant to the Share Repurchase Program, the Company is not obligated to repurchase any specific number of shares of its Class A common stock. Any repurchase of shares will take place in open market transactions or privately negotiated transactions in accordance with applicable securities and other laws, including the Securities Exchange Act of 1934. The Company intends to finance the repurchase program using its available cash and cash equivalents. The Board may modify, suspend, extend, expand or terminate the Share Repurchase Program at any time.

About Boston Omaha Corporation

Boston Omaha Corporation is a public holding company with three majority owned businesses engaged in outdoor advertising, broadband telecommunications services, and asset management.

Forward-Looking Statements

Any statements in this press release about the Company’s future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, total revenue, as well as other statements containing the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the Company’s forward-looking statements, and you should not place undue reliance on the Company’s forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes as a result of a variety of risks and uncertainties, including risks related to the Company’s estimates regarding the potential market opportunity for the Company’s current and future products and services, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully integrate acquired businesses, the risks associated with our investments in both publicly traded securities and privately held businesses, our history of losses and ability to maintain profitability in the future, the Company’s expectations regarding the Company’s sales, expenses, operating margins and other results of operations, and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2026, and the additional risk factors set forth in our quarterly reports on Form 10-Q and reports on Form 8-K filed after March 30, 2026, and our subsequent filings with the SEC. Copies of our SEC filings are available on our website at www.bostonomaha.com. In addition, the forward-looking statements included in this press release represent the Company’s views as of the date hereof. The Company anticipates that general economic conditions and subsequent events and developments may cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.

Our investor relations website, https://investor.bostonomaha.com, serves as a comprehensive resource for investors. We strongly encourage its use for easy access to information about the Company. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information, and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.

Contacts:

Boston Omaha Corporation

Josh Weisenburger, 402-210-2633

contact@bostonomaha.com

Exhibit 99.2