Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 131

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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, 2024. For the three months ended September 30, 2025 and 2024, sub-consultant and other direct expenses represented 11.0% and 11.1% of gross contract revenue, respectively.

Operating Expense

Total operating expense increased $2.4 million or 4.1% to $61.6 million for the three months ended September 30, 2025 as compared to $59.2 million for the three months ended September 30, 2024. 

Selling, general and administrative expenses increased $3.3 million or 6.4% to $55.2 million for the three months ended September 30, 2025, as compared to $51.9 million for the three months ended September 30, 2024. Indirect labor increased $2.0 million or 8.5% to $25.6 million as compared to $23.6 million due to increase in headcount along with merit increases. General overhead increased $2.1 million or 12.0% to $19.6 million as compared to $17.5 million due to increased costs associated with the overall growth of the Company.

Depreciation and amortization decreased $0.5 million or (6.8)% to $6.9 million for the three months ended September 30, 2025 as compared to $7.4 million for the three months ended September 30, 2024. This decrease is primarily due to a decrease in amortization of intangibles. The net gain on the sale of certain IT equipment and automobiles increased $0.3 million to $0.4 million of gain for the three months ended September 30, 2025, as compared to $0.1 million in the three months ended September 30, 2024. 

Other (Income) Expense

Other expense increased by $0.4 million to $2.0 million of expense for the three months ended September 30, 2025 as compared to $1.6 million for the three months ended September 30, 2024.

Income Tax Benefit

Income tax benefit for the three months ended September 30, 2025, increased by $1.4 million to $3.3 million, compared to $1.9 million benefit for the three months ended September 30, 2024, see Note 2, Income Taxes. Our effective tax rate for the three months ended September 30