Boston Omaha Corporation (NYSE: BOC) announced its financial results for the third quarter ended September 30, 2026, and disclosed a significant increase in its share repurchase authorization.
For the three months ended September 30, 2026, the company reported total revenues of $22.2 million, a slight increase from $21.9 million in the prior year period. However, the company recorded a net loss attributable to common stockholders of $192,000, or a loss of $0.01 per share. This compares to a net loss of $2.588 million, or $0.08 per share, in the third quarter of 2025.
For the nine months ended September 30, 2026, total revenues were $66.1 million, up from $64.7 million in the same period in 2025. The net loss for the nine-month period was $3.952 million, or $0.13 per share, compared to a net loss of $5.577 million, or $0.18 per share, in the prior year.
The company’s balance sheet shows total assets of $672.2 million as of September 30, 2026, down from $713.1 million at December 31, 2025. Total liabilities were $166.8 million, and total stockholders' equity was $495.7 million. The company’s book value per share was $16.64 as of September 30, 2026.
In a separate announcement, the company’s Board of Directors voted to increase the size of its share repurchase program. The program was initially authorized in September 2026 to repurchase up to $30 million of Class A common stock. On November 11, 2026, the Board authorized an increase to $85 million.
Under the expanded program, the company may repurchase shares through open market purchases or other methods permitted by applicable securities laws. The program expires on the earlier of December 31, 2027, or when $85 million of shares have been repurchased. The company intends to finance the repurchases using available cash and cash equivalents.
During the third quarter of fiscal 2026, the company repurchased 457,308 shares of Class A common stock at a total cost of $6.4 million.
