BWMN on Nasdaq
Bowman Consulting Group Ltd.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
4.0%Operating margin3
2.6%Net margin3
14.9%Revenue growth, 20253
4.9%Return on equity3
0.22×Debt to equity3
$33.4MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue47¢$228.5M
- Selling, general and admin44¢$215.1M
- Other costs7¢$31.9M
- Income tax0¢$1.7M
- Profit3¢$12.8M
Out of $490.0M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending7¢$2.4M
- Share buybacks52¢$18.8M
- Kept or used elsewhere41¢$14.6M
Out of $35.8M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Gross contract revenue | $490.0M | $426.6M |
| Direct payroll costs | $173.2M | $156.9M |
| Sub-consultants and expenses | $55.2M | $46.9M |
| Total contract costs | $228.5M | $203.8M |
| Selling, general and administrative | $215.1M | $197.5M |
| Depreciation and amortization | $27.6M | $27.8M |
| (Gain) on sale | -$740.0K | -$477.0K |
| Total operating expenses | $241.9M | $224.8M |
| Income (loss) from operations | $19.7M | -$2.0M |
| Other expense | $8.5M | $6.9M |
| Income (loss) before tax expense | $11.2M | -$8.9M |
| Income tax benefit | -$1.7M | -$12.0M |
| Net income | $12.8M | $3.0M |
| Earnings allocated to non-vested shares | $621.0K | $230.0K |
| Net income attributable to common shareholders | $12.2M | $2.8M |
| Basic (in dollars per share) | $0.74 | $0.18 |
| Diluted (in dollars per share) | $0.73 | $0.17 |
| Basic (in shares) | 16.4M shares | 15.8M shares |
| Diluted (in shares) | 16.7M shares | 16.1M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and equivalents | $11.1M | $6.7M | |
| Accounts receivable, net | $130.6M | $105.1M | |
| Contract assets | $53.5M | $43.4M | |
| Notes receivable - officers, employees, affiliates, current portion | $13.0K | $1.9M | |
| Prepaid and other current assets | $17.7M | $19.6M | |
| Total current assets | $213.0M | $176.6M | |
| Property and equipment, net | $49.2M | $42.0M | |
| Operating lease, right-of-use assets | $45.8M | $42.1M | |
| Goodwill | $173.6M | $134.7M | |
| Notes receivable | $903.0K | $903.0K | |
| Notes receivable - officers, employees, affiliates, less current portion | $1.1M | $638.0K | |
| Other intangible assets, net | $88.6M | $65.4M | |
| Deferred tax asset | $5.8M | $42.0M | |
| Other assets | $1.7M | $1.5M | |
| Total Assets | $579.7M | $505.9M | |
| Revolving credit facility | $95.3M | $37.0M | |
| Accounts payable and accrued liabilities, current portion | $60.0M | $51.6M | |
| Contract liabilities | $11.0M | $7.9M | |
| Notes payable, current portion | $22.7M | $17.1M | |
| Operating lease obligation, current portion | $12.0M | $11.0M | |
| Finance lease obligation, current portion | $13.7M | $10.4M | |
| Total current liabilities | $214.7M | $135.0M | |
| Other non-current obligations | $377.0K | $45.1M | |
| Notes payable, less current portion | $34.3M | $20.0M | |
| Operating lease obligation, less current portion | $40.4M | $37.1M | |
| Finance lease obligation, less current portion | $23.7M | $17.9M | |
| Pension and post-retirement obligation, less current portion | $4.7M | $4.7M | |
| Total liabilities | $318.6M | $259.8M | |
| Preferred Stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.01 par value; 30,000,000 shares authorized as of December 31, 2025 and 2024; 21,972,432 shares issued and 17,194,091 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of December 31, 2025 and 2024, respectively | $220.0K | $213.0K | |
| Additional paid-in-capital | $355.5M | $329.1M | |
| Accumulated other comprehensive income | $895.0K | $1.1M | |
| Treasury stock, at cost; 4,778,341 and 3,899,109, respectively | -$84.9M | -$60.9M | |
| Stock subscription notes receivable | $0 | -$30.0K | |
| Accumulated deficit | -$10.5M | -$23.4M | |
| Total shareholders' equity | $261.1M | $246.1M | $163.3M |
| TOTAL LIABILITIES AND EQUITY | $579.7M | $505.9M | |
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 22.0M shares | 21.3M shares | |
| Common stock, shares outstanding (in shares) | 17.2M shares | 17.4M shares | |
| Treasury stock, at cost shares (in shares) | 4.8M shares | 3.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $12.8M | $3.0M |
| Depreciation and amortization - property and equipment | $17.2M | $14.5M |
| Amortization of intangible assets | $10.3M | $14.0M |
| Gain on sale of assets | -$909.0K | -$477.0K |
| Credit losses | $1.6M | $1.6M |
| Stock based compensation | $18.8M | $25.7M |
| Deferred taxes | $36.5M | -$20.0M |
| Accretion of discounts on notes payable | $1.1M | $483.0K |
| Accounts receivable | -$23.1M | -$9.3M |
| Contract assets | -$8.8M | -$4.1M |
| Prepaid expenses and other assets | $3.2M | -$5.7M |
| Accounts payable and accrued expenses | -$33.7M | $7.6M |
| Contract liabilities | $723.0K | -$3.1M |
| Net cash provided by operating activities | $35.8M | $24.3M |
| Purchases of property and equipment | -$2.4M | -$626.0K |
| Proceeds from sale of assets and disposal of leases | $1.0M | $478.0K |
| Payments received under loans to shareholders | $0 | $11.0K |
| Payments received under notes receivable | $1.2M | $0 |
| Capitalized internal-use software development costs | -$370.0K | $0 |
| Purchase of intangible asset | $0 | -$2.9M |
| Acquisitions of businesses, net of cash acquired | -$35.2M | -$24.4M |
| Collections under stock subscription notes receivable | $30.0K | $46.0K |
| Net cash used in investing activities | -$35.8M | -$27.5M |
| Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs | $0 | $47.2M |
| Borrowings under revolving credit facility | $58.4M | |
| Repayments under revolving credit facility | -$8.3M | |
| Repayments under fixed line of credit | $0 | -$345.0K |
| Proceeds from notes payable | $0 | $6.2M |
| Repayment under notes payable | -$17.6M | -$16.3M |
| Proceeds from finance leases | $0 | $4.6M |
| Payments on finance leases | -$12.8M | -$9.0M |
| Payment of contingent consideration from acquisitions | -$1.4M | -$2.3M |
| Payments for purchase of treasury stock | -$5.2M | -$11.1M |
| Repurchases of common stock | -$18.8M | -$23.3M |
| Proceeds from the issuance of common stock | $1.8M | $1.9M |
| Net cash provided by (used in) financing activities | $4.3M | -$10.8M |
| Net increase (decrease) in cash and cash equivalents | $4.4M | -$14.0M |
| Cash paid for interest | $7.7M | $6.6M |
| Cash paid for income taxes | $702.0K | $8.5M |
| Property and equipment acquired under finance lease | -$22.3M | -$11.9M |
| Note payable converted to common shares | -$1.8M | -$3.4M |
| Issuance of notes payable for acquisitions | -$36.5M | -$21.6M |
| Issuance of contingent consideration | $0 | -$2.0M |
| Settlement of contingent consideration | $3.0M | $1.9M |
Recent filings
- Oct 14, 2026DEFA14A
- Oct 14, 2026DEFA14A
- Oct 5, 2026DEFM14A
- Sep 25, 2026PREM14A
- Sep 24, 2026144
- Sep 24, 2026144
- Sep 24, 20264
- Sep 17, 20264
- Sep 14, 20268-K
- Sep 14, 2026DEFA14A
- Sep 14, 2026DEFA14A
- Sep 14, 2026DEFA14A
- Sep 14, 2026DEFA14A
- Sep 8, 2026SCHEDULE 13G/A
- Aug 12, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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