Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 7

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
209 Repayment under notes payable(12,642)(10,951)Proceeds from finance leases– 4,567 Payments on finance leases(9,155)(6,462)Payment of contingent consideration from acquisitions(1,361)(1,357)Payments for purchase of treasury stock(4,250)(11,130)Repurchases of common stock(9,458)(13,950)Proceeds from issuance of common stock1,345 1,453 Net cash (used in) provided by financing activities(15,521)2,227 Net increase (decrease) in cash and cash equivalents9,523 (9,027)Cash and cash equivalents, beginning of period6,698 20,687 Cash and cash equivalents, end of period$16,221 $11,660 Supplemental disclosures of cash flow information:Cash paid for interest$5,219 $5,073 Cash paid for income taxes$1,179 7,792 Non-cash investing and financing activities:Property and equipment acquired under finance lease$(15,625)$(9,558)Note payable converted to common shares$(1,790)$(3,368)Issuance of notes payable for acquisitions$(4,121)$(15,291)Issuance of contingent considerations$– $(1,722)Settlement of contingent consideration$3,004 $1,202 

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 of customers who own, develop and maintain the built environment. Within that arena, we provide planning, design, engineering, geospatial, survey, construction management, environmental consulting and land procurement services to markets that encompass the buildings in which people live, work and learn in