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

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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ows from Financing Activities:Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs– 47,151 Borrowings (repayments) under revolving credit facility22,515 (17,441)Repayments under fixed line of credit– (345)Proceeds from notes payable– 6,209 Repayment under notes payable(8,919)(7,464)Proceeds from finance leases– 4,567 Payments on finance leases(5,600)(4,053)Payment of contingent consideration from acquisitions(1,171)– Payments for purchase of treasury stock(3,894)(10,037)Repurchases of common stock(9,458)(2,084)Proceeds from issuance of common stock913 947 Net cash (used in) provided by financing activities(5,614)17,450 Net increase in cash and cash equivalents8,842 2,456 Cash and cash equivalents, beginning of period6,698 20,687 Cash and cash equivalents, end of period$15,540 $23,143 Supplemental disclosures of cash flow information:Cash paid for interest$3,812 $3,457 Cash paid for income taxes$681 1,552 Non-cash investing and financing activities:Property and equipment acquired under finance lease$(10,144)$(6,755)Note payable converted to common shares$(434)$(2,696)Issuance of notes payable for acquisitions$(2,056)$(13,636)Issuance of contingent considerations$– $(1,504)Settlement of contingent consideration$2,338 $567 

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

7

BOWMAN CONSULTING GROUP LTD.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Nature of Business and Basis of Presentation

Nature of Business Bowman Consulting Group Ltd. (along with its consolidated subsidiaries, “Bowman” or “we” or the “Company”) was incorporated in the Commonwealth of Virginia on June 5, 1995 and reincorporated in the State of Delaware on November 13, 2020. The Company’s headquarters is located in Reston, VA and the Company has over 100 offices throughout the United States and two offices in Mexico. Bowman is a professional services firm delivering innovative solutions to the marketplace