Company: BWMN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-023232
Chunk: 138

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 138
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.5 million as compared to $9.9 million.

Sub-consultants and other direct expenses increased $3.7 million or 40.2% to $12.9 million for the three months ended March 31, 2025 as compared to $9.2 million for the three months ended March 31, 2024. For the three months ended March 31, 2025 and 2024, sub-consultant and other direct expenses represented 11.4% and 9.7% of gross contract revenue, respectively. This increase is not indicative of an anticipated long-term shift in the composition of our gross contract revenue, and we expect to experience periodic volatility in concentration of sub-consultant utilization. 

Operating Expense

Total operating expense increased $6.4 million or 12.6% to $57.0 million for the three months ended March 31, 2025 as compared to $50.6 million for the three months ended March 31, 2024. 

Selling, general and administrative expenses increased $5.8 million or 13.0% to $50.5 million for the three months ended March 31, 2025, as compared to $44.7 million for the three months ended March 31, 2024. Indirect labor increased $2.9 million or 14.7% to $22.6 million as compared to $19.7 million primarily due to an increase in staffing to accommodate growth. General overhead increased $2.9 million or 19.9% to $17.5 million as compared to $14.6 million due to increased costs associated with the overall growth of the Company.

34

Depreciation and amortization increased $0.5 million or 8.3% to $6.5 million for the three months ended March 31, 2025 as compared to $6.0 million for the three months ended March 31, 2024. This increase is primarily due to an increase in intangible assets and assets leased under financing arrangements. We continue to increase the use of our finance lease facility as we continue to grow. Intangible assets have increased due to multiple acquisitions. Gains on the sale of certain IT equipment and automobiles remained below $0.1 million for the three months ended March 31, 2025, as in the three months ended March 31, 2024. 

Other (Income) Expense

Other expense decreased by $