Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 117

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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21,373)Non-current:Operating lease liabilitiesOperating lease obligation, less current portion$(38,614)$(37,058)Finance lease liabilitiesFinance lease obligation, less current portion$(21,222)$(17,940)Total non-current lease liabilities$(59,836)$(54,998)The following tables present selected financial information:Three Months EndedNine Months Ended(Amounts in thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024Operating lease costAmortization of right-of-use assets$3,673 $3,376 $10,791 $9,691 Finance lease cost:Amortization of right-of-use assets3,693 2,737 9,818 7,024 Interest on lease liabilities540 470 1,431 1,245 Sublease income(34)(27)(91)(80)Total lease cost$7,872 $6,557 21,949 17,881 Nine Months Ended(Amounts in thousands)September 30, 2025September 30, 2024Cash paid for amounts included in the measurements of lease liabilitiesOperating cash flows from operating leases$10,747 $9,642 Operating cash flows from finance leases1,431 1,244 Financing cash flows from finance leases9,155 6,462 Right-of-use assets obtained in exchange for new operating leases10,144 7,870 Right-of-use assets obtained in exchange for new finance leases15,660 14,159 

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As ofAs ofSeptember 30, 2025December 31, 2024Weighted average remaining lease term (in years):Operating leases4.564.71Finance leases2.642.48Weighted average discount rates:Operating leases6.8 %6.7 %Finance leases6.6 %6.7 %Future minimum commitments under leases for the remainder of 2025 and succeeding years are as follows (in thousands): (Amounts in thousands)Operating LeaseFinance Lease2025$3,678 $3,847 202614,099 12,007 202712,413 7,791 202811,246 5,069 20298,427 1,883 Thereafter8,601 9 Total lease payments$58,464 $30,606 Less