Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 127

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 historical balances of acquired and organic revenue bases are adjusted to reflect revenue accordingly.

Changes in gross contract revenue disaggregated between our core markets were as follows (in thousands other than percentages):

For the Three Months Ended September 30,Consolidated Gross Contract Revenue2025%GCR2024%GCRChange% ChangeBuilding Infrastructure1$56,845 45.1 %$52,555 46.1 %$4,290 8.2 %Transportation26,262 20.8 %21,851 19.2 %4,411 20.2 %Power & Utilities127,583 21.9 %23,660 20.8 %3,923 16.6 %Natural Resources & Imaging215,343 12.2 %15,866 13.9 %(523)(3.3)%Total:$126,033 100.0 %$113,932 100.0 %$12,101 10.6 %Acquired3$4,403 3.5 %$23,332 20.5 %$(18,929)(81.1)%

1Includes periodic reclassifications of revenue between categories from prior periods for consistency of presentation. For the three months ended September 30, 2024, $3.7 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 September 30, 2025, gross contract revenue from the building infrastructure market increased $4.3 million or 8.2% as compared to the three months ended September 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, 41.3% of gross contract revenue was derived from residential assignments including single family, multi-family and mixed-use housing stock, 42.6% from commercial assignments including retail, hospitality and quick-serve restaurants (QSR), office and industrial, data centers and healthcare, and 16.1% from municipal assignments, including parks and schools. Within residential, 52.6% of gross contract revenue