Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 39

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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)$(10,394)Total current lease liabilities$(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 

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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, 2024Weighted average remaining lease term (in years):Operating leases4.564.71Finance leases2.612.48Weighted average discount rates:Operating leases6.9 %6.7 %Finance leases6.7 %6.7 %Future minimum commitments under leases for the remainder of 2025 and succeeding years are as follows (in thousands): (Amounts in thousands)Operating LeaseFinance Lease2025$7,172 $7,057 202613,017 10,733 202711,431 6,522 202810,286 3,798 20297,481 1,032 Thereafter6,770 9 Total lease payments$56,