Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 117

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 117
---
 vehicles in certain contracts with payment terms on the lease agreements that range between 30 and 50 months.The following tables present our balance sheet information related to leases:As ofAs of(Amounts in thousands)Balance Sheet ClassificationJune 30, 2025December 31, 2024Assets:Operating lease assetsOperating lease, right-of-use assets$42,122 $42,085 Finance lease assetsProperty and equipment, net$29,952 $25,981 Total lease assets$72,074 $68,066 Liabilities:Current:Operating lease liabilitiesOperating lease obligation, current portion$(11,142)$(10,979)Finance lease liabilitiesFinance lease obligation, current portion$(13,113)$(10,394)Total current lease liabilities$(24,255)$(21,373)Non-current:Operating lease liabilitiesOperating lease obligation, less current portion$(36,936)$(37,058)Finance lease liabilitiesFinance lease obligation, less current portion$(19,721)$(17,940)Total non-current lease liabilities$(56,657)$(54,998)The following tables present selected financial information:Three Months EndedSix Months Ended(Amounts in thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Operating lease costAmortization of right-of-use assets$3,613 $3,230 $7,154 $6,316 Finance lease cost:Amortization of right-of-use assets3,128 2,323 6,124 4,287 Interest on lease liabilities443 411 891 775 Sublease income(31)(27)(58)(53)Total lease cost$7,153 $5,937 14,111 11,325 

28

Six Months Ended(Amounts in thousands)June 30, 2025June 30, 2024Cash paid for amounts included in the measurements of lease liabilitiesOperating cash flows from operating leases$7,221 $6,207 Operating cash flows from finance leases891 775 Financing cash flows from finance leases5,600 4,053 Right-of-use assets obtained in exchange for new operating leases5,835 4,316 Right-of-use assets obtained in exchange for new finance leases10,166 10,775 As ofAs ofJune 30, 2025December 31, 202