Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 130

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 of depreciation and amortization, increased $4.8 million or 8.8% to $59.1 million for the three months ended September 30, 2025, as compared to $54.3 million for the three months ended September 30, 2024. For the three months ended September 30, 2025 and 2024, total contract costs represented 46.9% and 47.7% of total contract revenue, respectively. For the three months ended September 30, 2025 and 2024 total contract costs represented 52.7% and 53.6% of revenue attributable to our workforce, respectively (see Net Service Billing).

Direct payroll costs increased $3.5 million or 8.4% to $45.2 million for the three months ended September 30, 2025, as compared to $41.7 million for the three months ended September 30, 2024. Direct payroll accounted for 76.5% of total contract costs for the three months ended September 30, 2025, a decrease of 0.3% as compared to 76.8% for the three months ended September 30, 2024.

Direct labor, the component of direct payroll costs associated with the cost of labor relating to work performed on contracts increased $3.5 million or 11.2% to $34.7 million for the three months ended September 30, 2025 as compared to $31.2 million for the three months ended September 30, 2024. The increase in direct labor is primarily due to an increase in staffing to accommodate growth. For the three months ended September 30, 2025 and 2024, direct labor costs represented 27.5% and 27.4% of gross contract revenue, respectively, and represented 31.0% and 30.8% of the revenue attributable to our workforce, respectively.

Other direct payroll costs, the component of direct payroll costs associated with fringe and incentive compensation (cash and non-cash) decreased by ($0.1) million or (0.9)% to $10.5 million as compared to $10.6 million.

37

Sub-consultants and other direct expenses increased $1.3 million or 10.3% to $13.9 million for the three months ended September 30, 2025 as compared to $12.6 million for the three months ended September 30