Company: BWMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050314
Chunk: 1

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 of September 30, 2025 and December 31, 2024.$– $– Common stock, $0.01 par value; 30,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 21,832,454 shares issued and 17,354,202 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of September 30, 2025 and December 31, 2024, respectively218 213 Additional paid-in-capital347,649 329,073 Accumulated other comprehensive income1,049 1,146 Treasury stock, at cost; 4,478,252 and 3,899,109 shares, respectively(74,608)(60,901)Stock subscription notes receivable– (30)Accumulated deficit(12,503)(23,386)Total shareholders' equity$261,805 $246,115 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$510,176 $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 September 30,For the Nine MonthsEnded September 30,2025202420252024Gross Contract Revenue$126,033 $113,932 $361,054 $313,341 Contract costs: (exclusive of depreciation and amortization below)    Direct payroll costs45,163 41,713 129,548 118,471 Sub-consultants and expenses13,946 12,569 40,917 32,308 Total contract costs59,109 54,282 170,465 150,779 Operating Expenses:    Selling, general and administrative55,174 51,903 155,418 145,795 Depreciation and amortization6,887 7,395 19,952 20,572 Gain on sale of assets, net(429)(81)(253)(393)Total operating expenses61,632 59,217 175,117 165,974 Income (loss) from operations5,292 433 15,472