Company: BWMN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001628280-25-012365
Chunk: 9

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 15
Chunk 9
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564 $346,256 Contract costs: (exclusive of depreciation and amortization below)Direct payroll costs156,866 127,961 Sub-consultants and expenses46,895 42,262 Total contract costs203,761 170,223 Operating Expenses:Selling, general and administrative197,452 158,377 Depreciation and amortization27,828 18,723 (Gain) on sale(477)(411)Total operating expenses224,803 176,689 (Loss) Income from operations(2,000)(656)Other expense6,946 5,791 (Loss) Income before tax expense(8,946)(6,447)Income tax (benefit) expense(11,980)177 Net income (loss)$3,034 $(6,624)Earnings allocated to non-vested shares230 – Net income (loss) attributable to common shareholders$2,804 $(6,624)Earnings (loss) per shareBasic$0.18 $(0.53)Diluted$0.17 $(0.53)Weighted average shares outstanding:Basic15,754,34412,490,914Diluted16,132,02312,490,914

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

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BOWMAN CONSULTING GROUP LTD.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Amounts in thousands)

For the YearEnded December 31,20242023Net income (loss)$3,034 $(6,624)Other comprehensive (loss) incomePension and post-retirement adjustments545 10 Other comprehensive income545 10 Income tax provision related to items of other comprehensive income11 2 Other comprehensive income, net of tax556 12 Comprehensive income (loss), net of tax$3,590 $(6,612)

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

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BOWMAN CONSULTING GROUP LTD.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

For The Years Ended December 31, 2024 and 2023

(Amounts in thousands except per share data)

Common StockAdditionalPaid-inCapital Treasury Stock AccumulatedOther Comprehensive IncomeStockSubscriptionNotesReceivable Accumulated Deficit TotalShareholders