Financials · BWMN

Bowman Consulting Group Ltd. (BWMN) financials

For the twelve months ended Sep 30, 2026, Bowman Consulting Group Ltd. reported $550.27M of revenue and -$1.23M of net income.

Revenue, TTM
$550.27M
Revenue growth, YoY
+16.0%
Net income, TTM
-$1.23M
Net margin
-0.2%
Free cash flow, TTM
$4.20M
EPS, diluted, TTM
-$0.07
Cash
$5.25M
Total debt
$35.51M
P/S
1.35
Market cap
$745.4M
Annual revenue$490.02M
FY2020FY2025
Annual net income$12.85M
FY2020FY2025
Annual free cash flow$33.43M
FY2020FY2025

BWMN revenue and earnings growth

BWMN revenueQ3 2026$148.70M

Quarter YoY
+18.0%
QoQ
+1.8%
FY YoY
+14.9%
5Y CAGR
+32.1%

BWMN revenue was $148.70M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.0% from a year earlier and up 1.8% from the prior quarter. For the full fiscal 2025 it was $490.02M, up 14.9% from fiscal 2024. Compound annual growth was +32.1% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

BWMN net incomeQ3 2026-$1.99M

FY YoY
+323.5%
5Y CAGR
+67.0%

BWMN net income was -$1.99M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $6.62M a year earlier. For the full fiscal 2025 it was $12.85M, up 323.5% from fiscal 2024. Compound annual growth was +67.0% over 5 years. Fiscal 2025 is the highest of the 6 fiscal years on file.

BWMN EPSQ3 2026-$0.12

FY YoY
+329.4%

BWMN diluted EPS was -$0.12 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.37 a year earlier. For the full fiscal 2025 it was $0.73, up 329.4% from fiscal 2024.

BWMN free cash flowQ3 2026$1.76M

Quarter YoY
-82.6%
FY YoY
+41.2%
5Y CAGR
+27.7%

BWMN free cash flow was $1.76M in fiscal Q3 2026 (ended Sep 30, 2026), down 82.6% from a year earlier. For the full fiscal 2025 it was $33.43M, up 41.2% from fiscal 2024. Compound annual growth was +27.7% over 5 years. It rose in 4 of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Revenue$490.02M$426.56M$346.26M$261.71M$149.97M$122.02M
Cost of revenue$228.48M$203.76M$170.22M$126.59M$74.53M$66.51M
Gross profit$261.54M$222.80M$176.03M$135.13M$75.44M$55.51M
Selling, general and admin$215.06M$197.45M$158.38M$117.84M$69.03M$51.47M
Operating income$19.66M-$2.00M-$656.0K$5.12M$160.0K$1.87M
Pre-tax income$11.16M-$8.95M-$6.45M$1.74M-$1.28M$1.98M
Income tax-$1.69M-$11.98M$177.0K-$3.27M-$1.58M$989.0K
Net income$12.85M$3.03M-$6.62M$5.00M$299.0K$990.0K
EPS, basic$0.74$0.18-$0.53$0.39$0.03$0.17
EPS, diluted$0.73$0.17-$0.53$0.37$0.03$0.17
Diluted shares16.7M16.1M12.5M11.7M7.6M5.4M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Cash and equivalents$11.07M$6.70M$20.69M$13.28M$20.62M$386.0K
Receivables$130.63M$105.11M$87.56M$64.44M$38.49M$24.18M
Current assets$212.96M$176.62M$154.78M$102.13M$74.41M$35.10M
Goodwill$173.58M$134.65M$96.39M$53.21M$28.47M$9.18M
Total assets$579.68M$505.88M$402.79M$255.76M$138.17M$63.64M
Current liabilities$214.73M$134.98M$126.76M$69.08M$32.85M$23.33M
Total debt$57.01M$37.07M$27.73M$26.44M$12.86M$4.42M
Total liabilities$318.58M$259.77M$239.50M$132.90M$59.76M$46.50M
Shareholders' equity$261.11M$246.12M$163.28M$122.86M$78.41M$17.14M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Operating cash flow$35.83M$24.30M$11.72M$9.17M$4.72M$10.77M
Capital expenditures$2.39M$626.0K$2.09M$902.0K$905.0K$924.0K
Free cash flow$33.43M$23.68M$9.63M$8.27M$3.81M$9.85M
Investing cash flow-$35.76M-$27.47M-$27.16M-$18.75M-$21.53M-$2.41M
Financing cash flow$4.30M-$10.82M$22.84M$2.25M$37.05M-$8.48M
Share repurchases$18.81M$23.35M$745.0K$0$582.0K$1.26M
Stock-based compensation$18.75M$25.73M$24.74M$15.10M$8.22M$5.08M
Depreciation and amortization$17.20M$14.46M$9.73M$8.36M$5.97M$2.04M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Revenue growth, YoY14.9%23.2%32.3%74.5%22.9%-
Net income growth, YoY323.5%--1573.9%-69.8%-
EPS growth, YoY329.4%-----
Gross margin53.4%52.2%50.8%51.6%50.3%45.5%
Operating margin4.0%-0.5%-0.2%2.0%0.1%1.5%
Net margin2.6%0.7%-1.9%1.9%0.2%0.8%
Free cash flow margin6.8%5.6%2.8%3.2%2.5%8.1%
Return on equity4.9%1.2%-4.1%4.1%0.4%5.8%
Return on assets2.2%0.6%-1.6%2.0%0.2%1.6%
Current ratio0.991.311.221.482.261.50
Debt to equity0.220.150.170.220.160.26

Source: XBRL data Bowman Consulting Group Ltd. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BWMN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BWMN$550.27M+16.0%-$1.23M-0.2%$745.4M
GIBC$15.91B+8.4%C$1.66B10.4%$19.31B
BAH$10.98B-6.2%$784.00M7.1%$10.12B
G$5.34B+6.7%$588.48M11.0%$7.07B
FCN$3.98B+7.8%$233.42M5.9%$5.33B
RHI$5.30B-2.9%$121.73M2.3%$4.28B
EXPO$659.07M+15.4%$114.67M17.4%$3.99B
HURN$1.86B+12.3%$113.54M6.1%$2.63B
MAN$18.92B+7.3%$120.30M0.6%$2.07B

BWMN FAQ

9 questions
  • What is BWMN revenue?
    Bowman Consulting Group Ltd. (BWMN) reported $550.27M of revenue for the twelve months ended Sep 30, 2026. That is up 16.0% from the year before. Revenue for fiscal 2025 was $490.02M.
  • Is BWMN profitable?
    No. Bowman Consulting Group Ltd. reported a net loss of $1.23M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does BWMN have?
    Bowman Consulting Group Ltd. reported $5.25M in cash and cash equivalents and $35.51M of debt on its most recent balance sheet in SEC filings.
  • How fast is BWMN revenue growing?
    Bowman Consulting Group Ltd.'s revenue changed +14.9% in fiscal 2025, to $490.02M. Its compound annual growth rate was +32.1% over 5 years.
  • What is BWMN gross margin?
    Bowman Consulting Group Ltd.'s gross profit was $291.52M on $550.27M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 53.0%.
  • What is BWMN free cash flow?
    Bowman Consulting Group Ltd. generated $4.20M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $18.62M less capital expenditures.
  • What is BWMN earnings per share?
    Diluted earnings per share were -$0.07 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BWMN last report financial results?
    The latest statements here come from Bowman Consulting Group Ltd.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this BWMN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Bowman Consulting Group Ltd. files with the SEC. It is provided for information only and is not investment advice.