Record-Setting Financial Performance
Second quarter achieved record gross revenue of $122 million, net revenue of $108 million, and adjusted EBITDA of $20.2 million with a margin of 18.7%.
Significant Growth in Core Verticals
17% increase in gross contract revenue, 15% increase in net service billing, and over 8% organic net service billing growth.
Strong Bookings and Backlog Growth
Record bookings well balanced across markets, with a backlog increase to nearly $87 million, 25% higher than the previous year.
Innovation and Investment Initiatives
Formation of Bowman Innovative Growth Fund (BIG Fund) with a $25 million commitment to drive innovation in technology and digital services.