Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 49

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 than percentages):

For the Three Months Ended June 30,Consolidated Gross Contract Revenue2025%GCR2024%GCRChange% ChangeBuilding Infrastructure1$56,561 46.3 %$52,442 50.2 %$4,119 7.9 %Transportation24,611 20.2 %19,233 18.4 %5,378 28.0 %Power & Utilities126,843 22.0 %22,917 21.9 %3,926 17.1 %Natural Resources & Imaging214,075 11.5 %9,909 9.5 %4,166 42.0 %Total:$122,090 100.0 %$104,501 100.0 %$17,589 16.8 %Acquired3$6,459 5.3 %$17,429 16.7 %$(10,970)(62.9)%

1Includes periodic reclassifications of revenue between categories from prior periods for consistency of presentation. For the three months ended June 30, 2024, $3.5 million of data center revenue was reclassified from Building Infrastructure to Power & Utilities.

2Formerly Emerging Markets which represents environmental, mining, water resources, imaging and mapping and other.

3Acquired revenue in prior periods is as previously reported; four quarters post-closing, acquired revenue is reclassified as organic for the purpose of calculating organic growth rates.

For the three months ended June 30, 2025, gross contract revenue from the building infrastructure market increased $4.1 million or 7.9% as compared to the three months ended June 30, 2024. Building Infrastructure includes commercial, municipal and residential infrastructure. The increase in building infrastructure revenue was the result of acquisitions. Within the building infrastructure market, 37.1% of gross contract revenue was derived from residential assignments including single family, multi-family and mixed-use housing stock, 45.4% from commercial assignments including retail, hospitality and quick-serve restaurants (QSR), office and industrial, data centers and healthcare, and 17.5% from municipal assignments, including parks and schools. Within residential, 46.8% of gross contract revenue was derived from for-sale homebuilding assignments, 46.9% from residential multi-family and 6.3% from mixed use projects. While