Bowman Consulting Group (BWMN) financial statements
Bowman Consulting Group reported revenue of $490M in fiscal 2025, up 32.1% a year over 5 years.
Net income was $13M and the operating margin 4.0%, against 1.5% in 2020.
Free cash flow was $33M, and the company returned $19M in net buybacks.
The diluted share count rose 209% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bowman Consulting Group's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $122M | $150M | $262M | $346M | $427M | $490M |
| Cost of revenue | $67M | $75M | $127M | $170M | $204M | $228M |
| Gross profit | $56M | $75M | $135M | $176M | $223M | $262M |
| Selling, general and admin | $51M | $69M | $118M | $158M | $197M | $215M |
| Operating income | $2M | $160,000 | $5M | -$656,000 | -$2M | $20M |
| Pre-tax income | $2M | -$1M | $2M | -$6M | -$9M | $11M |
| Income tax | $989,000 | -$2M | -$3M | $177,000 | -$12M | -$2M |
| Net income | $990,000 | $299,000 | $5M | -$7M | $3M | $13M |
| EPS (diluted) | $0.17 | $0.03 | $0.37 | -$0.53 | $0.17 | $0.73 |
| Diluted shares | 5M | 8M | 12M | 12M | 16M | 17M |
| Gross margin | 45.5% | 50.3% | 51.6% | 50.8% | 52.2% | 53.4% |
| Operating margin | 1.5% | 0.1% | 2.0% | -0.2% | -0.5% | 4.0% |
| Net margin | 0.8% | 0.2% | 1.9% | -1.9% | 0.7% | 2.6% |
Balance sheet
Fiscal years, from Bowman Consulting Group's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $386,000 | $21M | $13M | $21M | $7M | $11M |
| Receivables | $24M | $38M | $64M | $88M | $105M | $131M |
| Total current assets | $35M | $74M | $102M | $155M | $177M | $213M |
| Property, plant and equipment | $15M | $20M | $25M | $28M | $42M | $49M |
| Goodwill | $9M | $28M | $53M | $96M | $135M | $174M |
| Total assets | $64M | $138M | $256M | $403M | $506M | $580M |
| Total current liabilities | $23M | $33M | $69M | $127M | $135M | $215M |
| Total liabilities | $47M | $60M | $133M | $240M | $260M | $319M |
| Shareholders' equity | $17M | $78M | $123M | $163M | $246M | $261M |
| Net debt | -$386,000 | -$21M | -$13M | -$21M | -$7M | -$11M |
Cash flow
Fiscal years, from Bowman Consulting Group's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $11M | $5M | $9M | $12M | $24M | $36M |
| Capital spending | $924,000 | $905,000 | $902,000 | $2M | $626,000 | $3M |
| Free cash flow | $10M | $4M | $8M | $10M | $24M | $33M |
| Stock-based compensation | $5M | $8M | $15M | $25M | $26M | $19M |
| Share buybacks (net) | -$1M | -$582,000 | $0 | -$745,000 | -$23M | -$19M |
| Free cash flow margin | 8.1% | 2.5% | 3.2% | 2.8% | 5.6% | 6.7% |
Questions
What was Bowman Consulting Group's revenue in 2025?
$490M in fiscal 2025, from its 10-K filing.
How much free cash flow does Bowman Consulting Group generate?
$33M in fiscal 2025 (operating cash flow minus capital spending).
From Bowman Consulting Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.