Bowman Consulting Group Ltd. (BWMN) Income Statement
BWMN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBWMN revenue and net income
Where BWMN's revenue goes
2025Each bar shows an amount and its share of revenue. BWMN kept 2.5% of revenue as net income.
BWMN profit margins
BWMN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.9% | +23.3% | +32.1% | — |
| Gross profit | +5.0% | +20.1% | +33.3% | — |
| Operating income | — | +54.6% | +58.9% | — |
| Net income | +336.1% | +34.7% | +65.3% | — |
| EPS (diluted) | +193.9% | +46.3% | +67.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BWMN quarterly EPS vs estimates
Bowman Consulting beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.36).
BWMN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $490.0M | $426.6M | $346.3M | $261.7M | $150.0M | $122.0M | $113.7M |
| Cost of revenue | $256.0M | $203.8M | $170.2M | $126.6M | $74.5M | $66.5M | $58.6M |
| Gross profit | $234.0M | $222.8M | $176.0M | $135.1M | $75.4M | $55.5M | $55.2M |
| Sales, general & admin | $215.1M | $197.5M | $148.7M | $117.8M | $69.0M | $51.5M | $51.5M |
| Total operating expenses | $215.1M | $224.8M | $176.7M | $130.0M | $75.3M | $53.6M | $52.3M |
| Operating income | $18.9M | −$2.0M | −$656,000 | $5.1M | $160,000 | $1.9M | $3.0M |
| Interest expense | — | $8.0M | $5.3M | $3.2M | $918,000 | $600,000 | $600,000 |
| Income before taxes | $11.2M | −$8.9M | −$6.4M | $1.7M | −$1.3M | $2.0M | $2.6M |
| Income taxes | −$1.1M | −$12.0M | $177,000 | −$3.3M | −$1.6M | $989,000 | $1.0M |
| Net income | $12.2M | $2.8M | −$6.6M | $5.0M | $299,000 | $990,000 | $1.5M |
| EBITDA | $38.7M | $26.0M | $17.7M | $17.3M | $6.4M | $4.0M | $3.7M |
| EPS (diluted) | $1.44 | $0.49 | $0.65 | $0.46 | $0.25 | $0.11 | — |
| Gross margin | 47.7% | 52.2% | 50.8% | 51.6% | 50.3% | 45.5% | 48.5% |
| Operating margin | 3.9% | −0.5% | −0.2% | 2.0% | 0.1% | 1.5% | 2.6% |
| Net margin | 2.5% | 0.7% | −1.9% | 1.9% | 0.2% | 0.8% | 1.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $146.1M | $126.5M | $129.0M | $126.0M | $122.1M | $112.9M | $113.2M | $113.9M | $104.5M | $94.9M | $93.0M | $94.4M |
| Cost of revenue | $68.4M | $69.0M | $78.7M | $66.0M | $56.5M | $54.8M | $53.0M | $54.3M | $49.6M | $46.9M | $46.1M | $45.7M |
| Gross profit | $77.7M | $57.5M | $50.3M | $60.0M | $65.6M | $58.1M | $60.2M | $59.6M | $54.9M | $48.0M | $46.8M | $48.7M |
| Sales, general & admin | $62.3M | $57.8M | $59.6M | $55.2M | $49.8M | $50.5M | $51.7M | $51.9M | $49.2M | $44.7M | $44.7M | $41.7M |
| Total operating expenses | $69.6M | $53.6M | $46.4M | $55.2M | $56.5M | $57.0M | $58.8M | $59.2M | $56.1M | $50.6M | $50.5M | $46.1M |
| Operating income | $8.1M | $3.9M | $3.7M | $4.9M | $9.0M | $1.1M | $1.4M | $433,000 | −$1.2M | −$2.6M | −$3.7M | $2.6M |
| Interest expense | — | $3.3M | $2.6M | $4.4M | $2.3M | $2.1M | $2.1M | $1.9M | — | — | $1.8M | $1.5M |
| Income before taxes | $2.3M | −$3.3M | $1.4M | $3.3M | $7.4M | −$975,000 | $466,000 | −$1.1M | −$3.3M | −$5.0M | −$5.6M | $1.1M |
| Income taxes | −$159,000 | $405,000 | −$516,000 | −$3.3M | $1.4M | $769,000 | −$5.4M | −$1.9M | −$1.2M | −$3.5M | $2.1M | −$62,000 |
| Net income | $2.5M | −$3.7M | $2.0M | $6.3M | $6.0M | −$1.7M | $5.9M | $771,000 | −$2.1M | −$1.6M | −$7.7M | $1.2M |
| EBITDA | $10.2M | $8.4M | $11.7M | $10.2M | $15.8M | $7.6M | $9.2M | $7.7M | $5.7M | $3.3M | $2.2M | $7.0M |
| EPS (diluted) | $0.14 | $0.14 | $0.45 | $0.37 | $0.55 | $0.07 | $0.33 | $0.30 | −$0.03 | −$0.11 | $0.31 | $0.34 |
| Gross margin | 53.2% | 45.5% | 39.0% | 47.6% | 53.7% | 51.4% | 53.2% | 52.4% | 52.5% | 50.6% | 50.4% | 51.6% |
| Operating margin | 5.6% | 3.1% | 2.9% | 3.9% | 7.4% | 1.0% | 1.2% | 0.4% | −1.2% | −2.8% | −4.0% | 2.8% |
| Net margin | 1.7% | −2.9% | 1.5% | 5.0% | 4.9% | −1.5% | 5.2% | 0.7% | −2.0% | −1.6% | −8.3% | 1.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BWMN's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BWMN financial results
In fiscal year 2025 (ended December 31, 2025), Bowman Consulting reported revenue of $490.0 million, up 14.9% from the year before. It had net income of $12.2 million (up 336.1%), a net profit margin of 2.5%. Diluted earnings per share came to $1.44. Over five years revenue grew at an average rate of 32.1% a year.
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BWMN income statement FAQ
What is Bowman Consulting's annual revenue?
Bowman Consulting reported total revenue of $490.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 14.9% from $426.6 million the previous year.
Is Bowman Consulting profitable?
Yes. Bowman Consulting reported net income of $12.2 million in fiscal 2025, a net profit margin of 2.5%; its operating margin was 3.9%.
What is Bowman Consulting's gross margin?
Bowman Consulting's gross margin was 47.7% in fiscal 2025: for every $100 of revenue, Bowman Consulting kept $48 after the direct cost of its products and services.
How fast is Bowman Consulting growing?
Revenue grew 32.1% a year on average over the last five fiscal years, from $122.0 million to $490.0 million.
What are Bowman Consulting's earnings per share?
Bowman Consulting earned $1.44 per diluted share in fiscal 2025, compared with $0.49 a year earlier.
When will Bowman Consulting report its next earnings?
Bowman Consulting is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Bowman Consulting's fiscal year end?
Bowman Consulting's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.