Business
Bowman Reports Results for Fourth Quarter and Full Year 2025; Raises 2026 Guidance
RESTON, Va., March 04, 2026 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm,
About this update from Bowman Consulting Group Ltd.
[{"type":"text","content":"RESTON, Va., March 04, 2026 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, today announced record financial results for the fourth quarter and full year ended December 31, 2025. The company also raised net service billing guidance for 2026. “We delivered a record year in 2025,” said Gary Bowman, founder and CEO of Bowman. “Our focus on execution, organic growth and strategic acquisition is evident in our results. With double-digit growth of organic net service revenue, more than 100 basis point increase in adjusted EBITDA margin, improved cash conversion and the completion of several consequential acquisitions, we entered 2026 with strong momentum in the business and confidence in our markets. We're well positioned for another breakout year as we continue to build on our successes.” Fourth Quarter 2025 Compared to Fourth Quarter 2024 Financial Results: Gross contract revenue of $129.0 million compared to $113.2 million, a 14.0% increaseNet service billing1 of $114.6 million compared to $98.6 million, a 16.2% increaseOrganic net service billing2 growth of 10.9% compared to 8.5%Net income of $2.0 million compared to $5.9 million4Basic and Diluted EPS of $0.11 compared to $0.34 and $0.33 respectivelyAdjusted EBITDA1 of $19.9 million compared to $17.0 million, a 17.1% increaseAdjusted EBITDA margin, net 1 of 17.3% compared to 17.2%Adjusted Basic and Diluted EPS of $0.46 and $0.45 compared to $0.72 and $0.71 respectively Full-Year 2025 Compared to Full-Year 2024 Financial Results: Gross contract revenue of $490.0 million compared to $426.6 million, a 14.9% increaseNet service billing1 of $434.8 million compared to $379.7 million, a 14.5% increaseOrganic net service billing2 growth of 12.4% compared to 13.1%Net income of $12.8 million compared to $3.0 millionBasic and Diluted EPS of $0.74 and $0.73 respectively compared to $0.18 and $0.17 respectivelyAdjusted EBITDA1 of $72.9 million compared to $59.5 million, a 22.5% increaseAdjusted EBITDA margin, net 1 of 16.8% compared to 15.7%, a 110-bps increaseAdjusted Basic and Diluted EPS of $1.72 and $1.68 compared to $1.23 and $1.20 respectivelyGross backlog of $479.1 million compared to $399.0 million, a 20.1% increase Notable Events: On December 8, 2025, Bowman acquired RPT Alliance, a leading Houston-based des...