Bowman Consulting Group, Ltd. ( (BWMN) ) has released its Q2 earnings. Here is a breakdown of the information Bowman Consulting Group, Ltd. presented to its investors.
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Bowman Consulting Group Ltd., a national engineering services and program management firm, provides infrastructure engineering, technical services, and project management solutions across various regulated markets in the United States.
The company has reported record results for the second quarter of 2025, showcasing significant growth in revenue and profitability. This performance is attributed to strong demand in core verticals such as transportation, renewables, and energy transmission, as well as strategic investments in talent and innovation.
Key financial highlights include a 17% increase in gross contract revenue to $122.1 million and a 15% rise in net service billing to $108.0 million compared to the same quarter last year. The company also reported a net income of $6.0 million, reversing a net loss from the previous year, and a 50.7% increase in Adjusted EBITDA to $20.2 million. Additionally, Bowman has seen a 24.7% increase in its gross backlog, indicating strong future demand.
Bowman’s management remains optimistic about the future, focusing on efficient scaling, investing in innovation, and maintaining a strong balance sheet. The company has also initiated a new share repurchase program, signaling confidence in its market position and future growth prospects.