OMCC
OMCC
Old Market Capital CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $3.16M ▲ | $2.3M ▼ | $-752K ▼ | -23.81% ▲ | $-0.11 | $146K ▲ |
| Q1-2026 | $3.03M ▼ | $3.84M ▼ | $-748K ▲ | -24.65% ▲ | $-0.11 ▲ | $-62K ▲ |
| Q4-2025 | $3.27M ▲ | $4.35M ▲ | $-1.03M ▼ | -31.63% ▼ | $-0.15 ▼ | $-190K ▼ |
| Q3-2025 | $3.22M ▼ | $3.63M ▼ | $-124K ▲ | -3.85% ▲ | $-0.02 ▲ | $192K ▲ |
| Q2-2025 | $3.35M | $4.22M | $-451K | -13.47% | $-0.07 | $-329K |
What's going well?
The company is cutting operating expenses aggressively, which improved EBITDA and narrowed operating losses a bit. Revenue is holding steady and even grew slightly this quarter.
What's concerning?
Gross margins collapsed, meaning it now costs much more to make and deliver products. The company is still losing money, and the bottom line hasn't improved despite cost cuts.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $19.78M ▼ | $81.07M ▲ | $15.18M ▲ | $53.78M ▲ |
| Q1-2026 | $22.03M ▼ | $78.92M ▲ | $12.55M ▲ | $52.47M ▼ |
| Q4-2025 | $24.52M ▼ | $77.67M ▼ | $10.65M ▼ | $53.14M ▼ |
| Q3-2025 | $27.13M ▼ | $79.49M ▼ | $25.55M ▲ | $53.94M ▲ |
| Q2-2025 | $29.48M | $80.28M | $24.07M | $52.67M |
What's financially strong about this company?
OMCC has far more cash than debt, a high current ratio, and most assets are tangible. Equity is strong and the company has a long record of profits.
What are the financial risks or weaknesses?
Cash is down and debt is rising, though still at safe levels. Inventory buildup and higher payables could signal some operational pressures.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $-802K ▼ | $-133K ▼ | $-4.75M ▼ | $1.79M ▲ | $-2.26M ▼ | $-4.9M ▼ |
| Q1-2026 | $-786K ▲ | $912K ▲ | $-3.71M ▼ | $847K ▲ | $-1.96M ▲ | $-2.82M ▲ |
| Q4-2025 | $-933K ▼ | $-755K ▼ | $-1.94M ▲ | $-13K ▼ | $-2.62M ▼ | $-2.94M ▼ |
| Q3-2025 | $-440K ▼ | $-592K ▼ | $-2.19M ▲ | $841K ▲ | $-1.94M ▲ | $-2.88M ▲ |
| Q2-2025 | $-174K | $-116K | $-5.44M | $-5.63M | $-11.18M | $-3.69M |
What's strong about this company's cash flow?
Non-cash losses make up most of the reported net loss, so actual cash burn from operations is smaller than it looks. The company still has nearly $20 million in cash on hand.
What are the cash flow concerns?
Cash burn is accelerating, especially after capital spending. OMCC is relying on new debt to fund its operations, and working capital changes are draining more cash each quarter.
Revenue by Products
| Product | Q1-2026 | Q2-2026 |
|---|---|---|
Fiber Internet Services | $0 ▲ | $0 ▲ |
Other Revenue | $0 ▲ | $0 ▲ |
Product and Service Other | $0 ▲ | $0 ▲ |
5-Year Trend Analysis
A comprehensive look at Old Market Capital Corporation's financial evolution and strategic trajectory over the past five years.
OMCC’s key strengths today include a much cleaner balance sheet, with low leverage and strong liquidity, and a focused strategic direction anchored in broadband infrastructure. Through Amplex, the company holds a meaningful position in underserved rural markets, offering differentiated fiber and wireless services backed by local relationships and a customer-friendly reputation. Access to long-term development funding and prior experience operating profitably suggest that, under the right conditions, the business could again sustain positive earnings and cash flow.
Major risks center on execution and financial sustainability during the transition. Revenues have fallen sharply from historical levels, profitability is negative, and cash flows from operations are weak, forcing reliance on external capital while heavy investments are made. The rapid shift from financial services to broadband introduces integration and learning-curve risk, while the company remains small relative to national telecom competitors that could expand into its markets. Erosion of retained earnings and equity also leaves less cushion if the new strategy takes longer than expected to pay off.
OMCC appears to be in the early-to-middle stages of a strategic turnaround. The broadband-focused model has clear tailwinds—growing demand for high-speed rural internet and supportive financing programs—but the financial statements show that the benefits have not yet fully materialized. In the near term, investors should expect continued investment, pressure on margins, and volatile cash flows as fiber and network projects ramp. Over the medium term, the outlook will depend on the company’s ability to translate its local advantages and infrastructure spending into durable revenue growth, improving profitability, and steadier cash generation, all while maintaining balance sheet discipline.
About Old Market Capital Corporation
https://www.oldmarketcapital.comOld Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio. The company was formerly known as Nicholas Financial, Inc. and changed its name to Old Market Capital Corporation in September 2024. Old Market Capital Corporation was founded in 1985 and is headquartered in Clearwater, Florida.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $3.16M ▲ | $2.3M ▼ | $-752K ▼ | -23.81% ▲ | $-0.11 | $146K ▲ |
| Q1-2026 | $3.03M ▼ | $3.84M ▼ | $-748K ▲ | -24.65% ▲ | $-0.11 ▲ | $-62K ▲ |
| Q4-2025 | $3.27M ▲ | $4.35M ▲ | $-1.03M ▼ | -31.63% ▼ | $-0.15 ▼ | $-190K ▼ |
| Q3-2025 | $3.22M ▼ | $3.63M ▼ | $-124K ▲ | -3.85% ▲ | $-0.02 ▲ | $192K ▲ |
| Q2-2025 | $3.35M | $4.22M | $-451K | -13.47% | $-0.07 | $-329K |
What's going well?
The company is cutting operating expenses aggressively, which improved EBITDA and narrowed operating losses a bit. Revenue is holding steady and even grew slightly this quarter.
What's concerning?
Gross margins collapsed, meaning it now costs much more to make and deliver products. The company is still losing money, and the bottom line hasn't improved despite cost cuts.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $19.78M ▼ | $81.07M ▲ | $15.18M ▲ | $53.78M ▲ |
| Q1-2026 | $22.03M ▼ | $78.92M ▲ | $12.55M ▲ | $52.47M ▼ |
| Q4-2025 | $24.52M ▼ | $77.67M ▼ | $10.65M ▼ | $53.14M ▼ |
| Q3-2025 | $27.13M ▼ | $79.49M ▼ | $25.55M ▲ | $53.94M ▲ |
| Q2-2025 | $29.48M | $80.28M | $24.07M | $52.67M |
What's financially strong about this company?
OMCC has far more cash than debt, a high current ratio, and most assets are tangible. Equity is strong and the company has a long record of profits.
What are the financial risks or weaknesses?
Cash is down and debt is rising, though still at safe levels. Inventory buildup and higher payables could signal some operational pressures.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $-802K ▼ | $-133K ▼ | $-4.75M ▼ | $1.79M ▲ | $-2.26M ▼ | $-4.9M ▼ |
| Q1-2026 | $-786K ▲ | $912K ▲ | $-3.71M ▼ | $847K ▲ | $-1.96M ▲ | $-2.82M ▲ |
| Q4-2025 | $-933K ▼ | $-755K ▼ | $-1.94M ▲ | $-13K ▼ | $-2.62M ▼ | $-2.94M ▼ |
| Q3-2025 | $-440K ▼ | $-592K ▼ | $-2.19M ▲ | $841K ▲ | $-1.94M ▲ | $-2.88M ▲ |
| Q2-2025 | $-174K | $-116K | $-5.44M | $-5.63M | $-11.18M | $-3.69M |
What's strong about this company's cash flow?
Non-cash losses make up most of the reported net loss, so actual cash burn from operations is smaller than it looks. The company still has nearly $20 million in cash on hand.
What are the cash flow concerns?
Cash burn is accelerating, especially after capital spending. OMCC is relying on new debt to fund its operations, and working capital changes are draining more cash each quarter.
Revenue by Products
| Product | Q1-2026 | Q2-2026 |
|---|---|---|
Fiber Internet Services | $0 ▲ | $0 ▲ |
Other Revenue | $0 ▲ | $0 ▲ |
Product and Service Other | $0 ▲ | $0 ▲ |
5-Year Trend Analysis
A comprehensive look at Old Market Capital Corporation's financial evolution and strategic trajectory over the past five years.
OMCC’s key strengths today include a much cleaner balance sheet, with low leverage and strong liquidity, and a focused strategic direction anchored in broadband infrastructure. Through Amplex, the company holds a meaningful position in underserved rural markets, offering differentiated fiber and wireless services backed by local relationships and a customer-friendly reputation. Access to long-term development funding and prior experience operating profitably suggest that, under the right conditions, the business could again sustain positive earnings and cash flow.
Major risks center on execution and financial sustainability during the transition. Revenues have fallen sharply from historical levels, profitability is negative, and cash flows from operations are weak, forcing reliance on external capital while heavy investments are made. The rapid shift from financial services to broadband introduces integration and learning-curve risk, while the company remains small relative to national telecom competitors that could expand into its markets. Erosion of retained earnings and equity also leaves less cushion if the new strategy takes longer than expected to pay off.
OMCC appears to be in the early-to-middle stages of a strategic turnaround. The broadband-focused model has clear tailwinds—growing demand for high-speed rural internet and supportive financing programs—but the financial statements show that the benefits have not yet fully materialized. In the near term, investors should expect continued investment, pressure on margins, and volatile cash flows as fiber and network projects ramp. Over the medium term, the outlook will depend on the company’s ability to translate its local advantages and infrastructure spending into durable revenue growth, improving profitability, and steadier cash generation, all while maintaining balance sheet discipline.

CEO
Jeffrey C. Royal
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2009-11-18 | Forward | 11:10 |
| 2005-06-20 | Forward | 3:2 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : B-
Price Target
Institutional Ownership
MAGNOLIA GROUP, LLC
Shares:2.52M
Value:$12.43M
TCW GROUP INC
Shares:600.7K
Value:$2.97M
DIMENSIONAL FUND ADVISORS LP
Shares:338.49K
Value:$1.67M
Summary
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