Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 60

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 For the six months ended June 30, 2025 and 2024, direct labor costs represented 27.3% and 28.5% of gross contract revenue, respectively and represented 30.9% and 31.7% of the revenue attributable to our workforce, respectively.

Other direct payroll costs, the component of direct payroll costs associated with fringe and incentive compensation (cash and non-cash) increased by $0.3 million or 1.5% to $20.2 million as compared to $19.9 million.

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Sub-consultants and other direct expenses increased $7.3 million or 37.1% to $27.0 million for the six months ended June 30, 2025 as compared to $19.7 million for the six months ended June 30, 2024. For the six months ended June 30, 2025 and 2024, sub-consultant and other direct expenses represented 11.5% and 9.9% of gross contract revenue, respectively.

Operating Expense

Total operating expense increased $6.8 million or 6.4% to $113.5 million for the six months ended June 30, 2025 as compared to $106.7 million for the six months ended June 30, 2024. 

Selling, general and administrative expenses increased $6.3 million or 6.7% to $100.2 million for the six months ended June 30, 2025, as compared to $93.9 million for the six months ended June 30, 2024. Indirect labor increased $3.7 million or 8.9% to $45.5 million as compared to $41.8 million primarily due to an increase in staffing to accommodate growth. General overhead increased $3.7 million or 11.6% to $35.6 million as compared to $31.9 million due to increased costs associated with the overall growth of the Company.

Depreciation and amortization decreased $0.1 million or (0.8)% to $13.1 million for the six months ended June 30, 2025 as compared to $13.2 million for the six months ended June 30, 2024. The net loss (gain) on the sale of certain IT equipment and automobiles increased $0.5 million to $0.2 million of expense for the six months ended June 30,