Company: BWMN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-023232
Chunk: 1

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
4.$– $– Common stock, $0.01 par value; 30,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 21,502,214 shares issued and 17,337,090 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of March 31, 2025 and December 31, 2024, respectively215 213 Additional paid-in-capital335,514 329,073 Accumulated other comprehensive income1,114 1,146 Treasury stock, at cost; 4,165,124 and 3,899,109 shares, respectively(67,579)(60,901)Stock subscription notes receivable(19)(30)Accumulated deficit(25,130)(23,386)Total shareholders' equity$244,115 $246,115 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$528,749 $505,881 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

2

Table of Contents

BOWMAN CONSULTING GROUP LTD.

CONDENSED CONSOLIDATED INCOME STATEMENTS

(Amounts in thousands except per share data)

(Unaudited)

For the Three MonthsEnded March 31,20252024Gross Contract Revenue$112,931 $94,907 Contract costs: (exclusive of depreciation and amortization below)Direct payroll costs41,956 37,687 Sub-consultants and expenses12,878 9,218 Total contract costs54,834 46,905 Operating Expenses:Selling, general and administrative50,490 44,713 Depreciation and amortization6,521 5,995 (Gain) on sale of assets(49)(96)Total operating expenses56,962 50,612 Income (loss) from operations1,135 (2,610)Other expense2,110 2,401 Loss before tax benefit(975)(5,011)Income tax expense (benefit)769 (3,453)Net loss$(1,744)$(1,558)Earnings allocated to non-vested shares$– $– Net loss attributable to common shareholders$(1,744)$(1,558)Earnings (loss) per shareBasic$(0.11)$(0.