NASDAQ · Financial Statements

Bowman Consulting Group Ltd. (BWMN) Financial Statements

$42.83 NASDAQ: BWMN Market Cap $742.41M

Bowman Consulting Group Ltd. most recently reported annual revenue of $490.0M, net profit of $12.0M. Revenue grew at an average annual rate of 32.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Bowman Consulting Group Ltd.: Revenue rose from $114.0M in 2019 to $490.0M in 2025, a change of +329.8% over 6 years; net profit was positive in 5 of 7 reported years; operating margin moved from 2.6% to 3.9%, a shift of +1.2 percentage points; the most recent year shows net profit of $12.0M.

Income Statement — 7 Years (USD millions)

Metric	2019	2020	2021	2022	2023	2024	2025
Revenue	$114.0M	$122.0M	$150.0M	$262.0M	$346.0M	$427.0M	$490.0M
Operating Expenses	$111.0M	$120.0M	$150.0M	$257.0M	$347.0M	$429.0M	$471.0M
Operating Profit	$3.0M	$2.0M	$0	$5.0M	$-1.0M	$-2.0M	$19.0M
Operating Margin	2.6%	1.5%	0.1%	2.0%	-0.2%	-0.5%	3.9%
Other Income	$0	$0	$-1.0M	$-3.0M	$-6.0M	$-7.0M	$-8.0M
Interest	$1.0M	$1.0M	$1.0M	$3.0M	$5.0M	$8.0M	$0
Depreciation	$1.0M	$2.0M	$6.0M	$12.0M	$19.0M	$28.0M	$28.0M
Profit Before Tax	$3.0M	$2.0M	$-1.0M	$2.0M	$-6.0M	$-9.0M	$11.0M
Tax	$40.5M	$50.0M	$123.4M	$-188.3M	$-2.8M	$133.9M	$-9.6M
Net Profit	$2.0M	$1.0M	$0	$5.0M	$-7.0M	$3.0M	$12.0M
EPS	$0.15	$0.09	$0.02	$0.37	$-0.53	$0.17	$0.73
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$94.0M	$93.0M	$95.0M	$105.0M	$114.0M	$113.0M	$113.0M	$122.0M	$126.0M	$129.0M	$126.0M	$146.0M
Operating Expenses	$92.0M	$97.0M	$98.0M	$106.0M	$113.0M	$112.0M	$112.0M	$113.0M	$121.0M	$125.0M	$123.0M	$138.0M
Operating Profit	$3.0M	$-4.0M	$-3.0M	$-1.0M	$0	$1.0M	$1.0M	$9.0M	$5.0M	$4.0M	$4.0M	$8.0M
Operating Margin	2.8%	-4.0%	-2.8%	-1.2%	0.4%	1.3%	1.0%	7.4%	3.9%	2.9%	3.1%	5.6%
Interest	$2.0M	$2.0M	$0	$0	$2.0M	$2.0M	$2.0M	$2.0M	$0	$3.0M	$3.0M	$0
Profit Before Tax	$1.0M	$-6.0M	$-5.0M	$-3.0M	$-1.0M	$0	$-1.0M	$7.0M	$3.0M	$1.0M	$-3.0M	$2.0M
Tax	$-5.5M	$-36.9M	$68.9M	$36.2M	$167.7M	$-1.2B	$-78.9M	$18.9M	$-102.1M	$-35.6M	$-12.3M	$-6.8M
Net Profit	$1.0M	$-8.0M	$-2.0M	$-2.0M	$1.0M	$6.0M	$-2.0M	$6.0M	$6.0M	$2.0M	$-4.0M	$2.0M
EPS	$0.08	$-0.59	$-0.11	$-0.13	$0.04	$0.34	$-0.11	$0.35	$0.38	$0.11	$-0.22	$0.14

Over the 7 years reported for Bowman Consulting Group Ltd., borrowings increased from $13.0M in 2019 to $147.0M in 2025, cash stood at $11.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.99 times.

Balance Sheet — 7 Years (USD millions)

Metric	2019	2020	2021	2022	2023	2024	2025
Total Assets	$67.0M	$64.0M	$138.0M	$256.0M	$403.0M	$506.0M	$580.0M
Current Assets	$43.0M	$35.0M	$74.0M	$102.0M	$155.0M	$177.0M	$213.0M
Cash	$1.0M	$0	$21.0M	$13.0M	$21.0M	$7.0M	$11.0M
Inventory	$0	$0	$0	$0	$0	$0	$0
Receivables	$40.0M	$32.0M	$49.0M	$82.0M	$122.0M	$150.0M	$184.0M
Fixed Assets	$5.0M	$15.0M	$20.0M	$55.0M	$68.0M	$84.0M	$95.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$0	$0	$2.0M	$2.0M
Other Assets	$9.0M	$9.0M	$28.0M	$53.0M	$96.0M	$135.0M	$174.0M
Total Liabilities	$90.0M	$47.0M	$60.0M	$133.0M	$240.0M	$260.0M	$319.0M
Current Liabilities	$33.0M	$23.0M	$33.0M	$69.0M	$127.0M	$135.0M	$215.0M
Borrowings	$13.0M	$19.0M	$28.0M	$81.0M	$141.0M	$150.0M	$147.0M
Other Liabilities	$77.0M	$28.0M	$32.0M	$52.0M	$99.0M	$109.0M	$172.0M
Equity	$0	$0	$0	$0	$0	$0	$0
Reserves	$-23.0M	$17.0M	$78.0M	$123.0M	$163.0M	$246.0M	$261.0M

For Bowman Consulting Group Ltd., operating cash flow was positive in 7 of 7 reported years; free cash flow in the latest year was $33.0M; free cash flow was positive in 7 of 7 years; financing activities used $25.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 7 Years (USD millions)

Metric	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$8.0M	$11.0M	$5.0M	$9.0M	$12.0M	$24.0M	$36.0M
Investing Cash Flow	$-8.0M	$-3.0M	$-22.0M	$-20.0M	$-29.0M	$-28.0M	$-38.0M
Financing Cash Flow	$0	$-2.0M	$-1.0M	$-3.0M	$-4.0M	$-37.0M	$-25.0M
Net Cash Flow	$0	$0	$20.0M	$-7.0M	$7.0M	$-14.0M	$4.0M
Free Cash Flow	$5.0M	$10.0M	$4.0M	$8.0M	$10.0M	$24.0M	$33.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-3.04
EV / EBITDA	31.32
FCF Yield	1.60%
Quick Ratio	0.90
Interest Coverage	3.50
Return 1Y	-22.33%
Return 3Y	-17.44%
Return 5Y	99.93%

Bowman Consulting Group Ltd. (BWMN) financials — frequently asked questions

What is Bowman Consulting Group Ltd.'s annual revenue?

Bowman Consulting Group Ltd. (BWMN) reported annual revenue of $490.0M in its most recent fiscal year.

What is Bowman Consulting Group Ltd.'s net profit?

Bowman Consulting Group Ltd. (BWMN) reported net profit of $12.0M in its most recent fiscal year.

What is BWMN EV/EBITDA?

Bowman Consulting Group Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 31.32.

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