Bowman Consulting Group, Ltd. ( (BWMN) ) has released its Q3 earnings. Here is a breakdown of the information Bowman Consulting Group, Ltd. presented to its investors.
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Bowman Consulting Group Ltd., a national engineering services firm, provides infrastructure engineering, technical services, and project management solutions across the United States. In its third-quarter 2025 earnings report, Bowman announced a significant milestone, surpassing a $500 million annualized gross revenue pace for the first time. The company also highlighted its strategic acquisitions to enhance its power and data center practices. Key financial metrics for the third quarter of 2025 showed an 11% increase in gross contract revenue and net service billing compared to the same period in 2024. Net income rose significantly to $6.6 million from $0.8 million, while adjusted EBITDA increased by 7.6% to $18.3 million. For the first nine months of 2025, Bowman reported a 15% increase in gross contract revenue and a 14% increase in net service billing year-over-year. The company also turned a net income of $10.9 million compared to a net loss of $2.9 million in the previous year. Looking ahead, Bowman remains optimistic about its growth prospects, with guidance for 2026 projecting net revenue between $465 million and $480 million and an adjusted EBITDA margin of 17.0% to 17.5%. The company plans to continue leveraging innovation and strategic investments to enhance shareholder value.