Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 139

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 million primarily due to an increase in staffing to accommodate growth. General overhead increased $3.7 million or 11.6% to $35.6 million as compared to $31.9 million due to increased costs associated with the overall growth of the Company.

Depreciation and amortization decreased $0.1 million or (0.8)% to $13.1 million for the six months ended June 30, 2025 as compared to $13.2 million for the six months ended June 30, 2024. The net loss (gain) on the sale of certain IT equipment and automobiles increased $0.5 million to $0.2 million of expense for the six months ended June 30, 2025, as compared to ($0.3) million of gain for the six months ended June 30, 2024. 

Other (Income) Expense

Other expense decreased by $0.7 million to $3.7 million of expense for the six months ended June 30, 2025 as compared to $4.4 million for the six months ended June 30, 2024. The decrease was primarily driven by $1.5 million in acquisition-related gains, partially offset by a $0.5 million increase in interest expense and a $0.3 million decrease in miscellaneous income.

Income Tax Expense (Benefit)

Income tax expense (benefit) for the six months ended June 30, 2025, increased $6.8 million to $2.2 million expense, as compared to ($4.6) million benefit for the six months ended June 30, 2024, see note 2, Income Taxes. Our effective tax rate for the six months ended June 30, 2025, was 33.7% as compared to 56.0% for the six months ended June 30, 2024. 

Income (Loss) Before Tax and Net Income (Loss)

Income (loss) before tax increased by $14.7 million for the six months ended June 30, 2025, to $6.4 million of income compared to ($8.3) million of loss for the six months ended June 30, 2024. Net income increased by $7.9 million to $4.3 million of net income for the six months ended June 30, 2025, as compared to ($3.6) million of net loss for the six months ended June