Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 4

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 of June 30, 2025 and December 31, 2024.$– $– Common stock, $0.01 par value; 30,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 21,706,804 shares issued and 17,240,980 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of June 30, 2025 and December 31, 2024, respectively217 213 Additional paid-in-capital341,727 329,073 Accumulated other comprehensive income1,082 1,146 Treasury stock, at cost; 4,465,824 and 3,899,109 shares, respectively(74,253)(60,901)Stock subscription notes receivable(9)(30)Accumulated deficit(19,121)(23,386)Total shareholders' equity$249,643 $246,115 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$538,245 $505,881 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of Contents

BOWMAN CONSULTING GROUP LTD.

CONDENSED CONSOLIDATED INCOME STATEMENTS

(Amounts in thousands except per share data)

(Unaudited)

For the Three MonthsEnded June 30,For the Six MonthsEnded June 30,2025202420252024Gross Contract Revenue$122,090 $104,501 $235,021 $199,409 Contract costs: (exclusive of depreciation and amortization below)    Direct payroll costs42,425 39,096 84,390 76,776 Sub-consultants and expenses14,093 10,520 26,971 19,738 Total contract costs56,518 49,616 111,361 96,514 Operating Expenses:    Selling, general and administrative49,759 49,154 100,239 93,874 Depreciation and amortization6,544 7,181 13,065 13,177 Loss (gain) on sale of assets, net225 (215)176 (311)Total operating expenses56,528 56,120 113,480 106,740 Income (loss) from operations9,044 (