Logotype for Bowman Consulting Group Ltd

Bowman Consulting Group (BWMN) investor relations material

Bowman Consulting Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Bowman Consulting Group Ltd
Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Achieved annualized gross revenue surpassing $500 million, with Q3 2025 gross contract revenue up 11% year-over-year to $126.0 million and net income rising to $6.6 million from $0.8 million.

  • Adjusted EBITDA for Q3 2025 was $18.3 million (16.3% margin), and backlog increased up to 18% year-over-year, reaching $447.7 million, providing strong forward visibility.

  • Completed multiple acquisitions in 2025, expanding capabilities in renewable energy, high-voltage transmission, and digital services.

  • Maintained a healthy balance sheet, increased revolver capacity to $210 million, and supported growth through innovation and disciplined capital allocation.

  • Focused on recurring public sector work, resilient private demand, and innovation to drive future growth.

Financial highlights

  • Q3 2025 net service billing was $112.1 million, up 11% year-over-year, with gross margin at 53% and net margin at 5.3%.

  • Adjusted EBITDA for Q3 2025 was $18.3 million (16.3% margin), and basic adjusted EPS was $0.63, doubling from the prior year.

  • Cash flow from operations for the first nine months was $26.5 million, more than doubling year-over-year.

  • Operating expenses for Q3 2025 were $61.6 million, up 4.1% year-over-year; effective tax rate for the nine months was (12.1)%.

  • Gross margin by vertical: Building infrastructure 55.7%, power/utilities/energy 55.5%, natural resources 56.6%, transportation 45.7%.

Outlook and guidance

  • Reaffirmed 2025 net revenue guidance of $430–$442 million and adjusted EBITDA of $71–$77 million.

  • Introduced 2026 guidance: net revenue of $465–$480 million and adjusted EBITDA margin of 17.0%–17.5%.

  • Expect continued revenue and margin expansion in 2026, driven by integration of acquisitions and national footprint growth.

  • Guidance excludes contributions from future acquisitions.

  • Building infrastructure expected to benefit from improved financing conditions and labor allocation in 2026.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Bowman Consulting Group earnings date

Logotype for Bowman Consulting Group Ltd
Q4 202512 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Bowman Consulting Group earnings date

Logotype for Bowman Consulting Group Ltd
Q4 202512 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Bowman Consulting Group Ltd is a professional services firm that provides engineering, planning, surveying, and environmental consulting services. The company serves clients in real estate, energy, transportation, and public infrastructure sectors. Its projects span urban development, utility systems, and land use planning. Bowman Consulting Group Ltd is headquartered in Reston, Virginia, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage