The earnings call highlighted strong financial performance with record revenues and significant organic growth across various segments, supported by a healthy balance sheet and innovative investments. However, there are concerns about cash flow variability and potential margin pressures due to labor costs. Adjustments in stock-based compensation also point to structural changes in employee incentives.

Company Guidance -

Q3 2025

During Bowman Consulting Group's second quarter 2025 earnings call, management provided optimistic guidance based on a strong financial performance. The company reported a significant 17% increase in gross contract revenue and a 15% rise in net service billing, with organic net service billing growth surpassing 8%. Adjusted EBITDA grew by almost 51%, and the adjusted EBITDA margin reached a record 18.7%, marking an increase of 440 basis points compared to the previous year. Additionally, the company achieved a book-to-bill ratio well over 1, and backlog at the end of Q2 was nearly $87 million, representing a 25% increase from the previous year. For the full year 2025, Bowman raised its guidance, projecting net revenues between $430 million and $442 million and adjusted EBITDA ranging from $71 million to $77 million. The company also introduced the Bowman Innovative Growth Fund (BIG Fund) with a $25 million commitment to drive innovation in technology and operational efficiency, aiming for long-term margin expansion.

Record-Setting Financial Performance

The second quarter achieved record levels of gross revenue at $122 million, net revenue at $108 million, and adjusted EBITDA at $20.2 million with a margin of 18.7%, up 440 basis points from last year.

Strong Organic Growth and Bookings

Reported 8% organic growth in net revenue for the quarter and nearly 10% year-to-date. Record bookings with a book-to-bill ratio well over 1, and bookings in the third quarter are outpacing those in the second quarter.

Healthy Balance Sheet and Cash Flow

The company maintains a low leverage ratio of 1.6x trailing four quarters adjusted EBITDA, with $108 million in net debt and $16.3 million cash flow from operations, marking a nearly 50% adjusted EBITDA conversion rate.

Transportation Segment Growth

The Transportation segment saw 21% organic growth, driven by synergies from recent acquisitions and increased public spending from infrastructure bills.

Big Fund for Innovation

Announced a $25 million commitment for the Bowman Innovation Growth Fund, focusing on technology areas like GIS, digital imaging, and AI tools to expand digital and data service offerings.

Bowman Consulting Group (BWMN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BWMN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.46 / -	0.3	―	―	―
Aug 06, 2025	2025 (Q2)	0.23 / 0.55	-0.03	1933.33% (+0.58)
May 06, 2025	2025 (Q1)	0.09 / 0.07	0.2	-65.00% (-0.13)
Mar 11, 2025	2024 (Q4)	0.28 / 0.71	0.31	129.03% (+0.40)
Nov 06, 2024	2024 (Q3)	0.39 / 0.30	0.34	-11.76% (-0.04)
Aug 06, 2024	2024 (Q2)	0.29 / -0.03	-0.05	40.00% (+0.02)
May 06, 2024	2024 (Q1)	0.06 / 0.20	0.04	400.00% (+0.16)
Mar 11, 2024	2023 (Q4)	-0.07 / 0.31	0.03	933.33% (+0.28)
Nov 06, 2023	2023 (Q3)	0.13 / 0.34	0.25	36.00% (+0.09)
Aug 07, 2023	2023 (Q2)	0.14 / -0.05	-0.03	-66.67% (-0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BWMN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$33.98	$35.72	+5.12%
May 06, 2025	$22.67	$23.97	+5.73%
Mar 11, 2025	$18.80	$22.01	+17.07%
Nov 06, 2024	$23.50	$23.54	+0.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bowman Consulting Group (BWMN) report earnings?

Bowman Consulting Group (BWMN) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Bowman Consulting Group (BWMN) earnings time?

Bowman Consulting Group (BWMN) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BWMN EPS forecast?

BWMN EPS forecast for the fiscal quarter 2025 (Q3) is 0.46.

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