Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 56

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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, or 15.8% to $208.1 million or 88.6% of gross contract revenue as compared to $179.7 million or 90.1% for the six months ended June 30, 2024 (see Net service billing – non-GAAP). Of the $35.6 million increase in gross contract revenue during the six months ended June 30, 2025, acquisitions represented $11.5 million of the increase. To evaluate the Company’s growth, revenue from acquisitions is treated as acquired for a period of four quarters post-closing, after which it is considered organic. For each measurement and comparison period, historical balances of acquired and organic revenue bases are adjusted to reflect revenue accordingly.

Changes in gross contract revenue disaggregated between our core end markets were as follows (in thousands other than percentages):

For the Six Months Ended June 30,Consolidated Gross Contract Revenue2025%GCR2024%GCRChange% ChangeBuilding Infrastructure1$108,593 46.2 %$101,844 51.1 %$6,749 6.6 %Transportation48,340 20.6 %37,361 18.7 %10,979 29.4 %Power & Utilities152,153 22.2 %44,768 22.5 %7,385 16.5 %Natural Resources & Imaging225,935 11.0 %15,436 7.7 %10,499 68.0 %Total:$235,021 100.0 %$199,409 100.0 %$35,612 17.9 %

Acquired311,476 4.9 %26,435 13.3 %(14,959)(56.6)%

1Includes periodic reclassifications of revenue between categories from prior periods for consistency of presentation. For the six months ended June 30, 2024, $6.8 million of data center revenue was reclassified from Building Infrastructure to Power & Utilities.

2Formerly Emerging Markets which represents environmental, mining, water resources, imaging and mapping and other.

3Acquired revenue in prior periods is as previously reported; four quarters post-closing, acquired revenue is reclassified as organic for the purpose of calculating organic growth rates.

For the six months ended June 30, 2025, gross contract revenue from our building infrastructure market increased $6