Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 170

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 170
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 million or 12.3% to $98.9 million for the nine months ended September 30, 2025 as compared to $88.1 million for the nine months ended September 30, 2024. The increase in direct labor is primarily due to an increase in staffing to accommodate growth. For the nine months ended September 30, 2025 and 2024, direct labor costs represented 27.4% and 28.1% of gross contract revenue, respectively and represented 30.9% and 31.4% 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) increased by $0.2 million or 0.7% to $30.6 million as compared to $30.4 million.

Sub-consultants and other direct expenses increased $8.6 million or 26.6% to $40.9 million for the nine months ended September 30, 2025 as compared to $32.3 million for the nine months ended September 30, 2024. For the nine months ended September 30, 2025 and 2024, sub-consultant and other direct expenses represented 11.3% and 10.3% of gross contract revenue, respectively.

Operating Expense

Total operating expense increased $9.1 million or 5.5% to $175.1 million for the nine months ended September 30, 2025 as compared to $166.0 million for the nine months ended September 30, 2024. 

Selling, general and administrative expenses increased $9.6 million or 6.6% to $155.4 million for the nine months ended September 30, 2025, as compared to $145.8 million for the nine months ended September 30, 2024. Indirect labor 

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increased $5.7 million or 8.7% to $71.1 million as compared to $65.4 million primarily due to an increase in staffing to accommodate growth. General overhead increased $5.9 million or 12.0% to $55.2 million as compared to $49.3 million due to increased costs associated with the overall growth of the Company.

Depreciation and amortization decreased $0.6 million or (2.9)% to $20.0 million for the nine months ended September