BWMN on Nasdaq
Bowman Consulting Group Ltd.
Professional services firm1
In its 2026 annual report the company says: “We provide planning, engineering, program management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement and other infrastructure management services to customers operating in a diverse set of end markets. We have achieved this increase in revenue through both organic growth and acquisitions. We operate from more than 135 locations throughout the United States and four offices in Mexico.”3 It is headquartered in Reston, Virginia.1 Its shares trade on Nasdaq under the symbol BWMN.1
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Last updated Oct 21, 2026.
Overview
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- TickerBWMN on Nasdaq1
- IndustryServices-Management Consulting Services1
- HeadquartersReston, Virginia1
- Business address12355 Sunrise Valley Drive, Suite 520, Reston, Va 201912
- Filer category, Emerging growth company2
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Bowman is a professional services firm delivering integrated engineering, technical consulting and program management services to customers who own, develop, and maintain the built environment. We provide planning, engineering, program management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement and other infrastructure management services to customers operating in a diverse set of end markets.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
4.0%Operating margin4
2.6%Net margin4
14.9%Revenue growth, 20254
4.9%Return on equity4
0.22×Debt to equity4
$33.4MFree cash flow4
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue47¢$228.5M
- Selling, general and admin44¢$215.1M
- Other costs7¢$31.9M
- Income tax0¢$1.7M
- Profit3¢$12.8M
Out of $490.0M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending7¢$2.4M
- Share buybacks52¢$18.8M
- Kept or used elsewhere41¢$14.6M
Out of $35.8M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Gross contract revenue | $490.0M | $426.6M |
| Direct payroll costs | $173.2M | $156.9M |
| Sub-consultants and expenses | $55.2M | $46.9M |
| Total contract costs | $228.5M | $203.8M |
| Selling, general and administrative | $215.1M | $197.5M |
| Depreciation and amortization | $27.6M | $27.8M |
| (Gain) on sale | -$740.0K | -$477.0K |
| Total operating expenses | $241.9M | $224.8M |
| Income (loss) from operations | $19.7M | -$2.0M |
| Other expense | $8.5M | $6.9M |
| Income (loss) before tax expense | $11.2M | -$8.9M |
| Income tax benefit | -$1.7M | -$12.0M |
| Net income | $12.8M | $3.0M |
| Earnings allocated to non-vested shares | $621.0K | $230.0K |
| Net income attributable to common shareholders | $12.2M | $2.8M |
| Basic (in dollars per share) | $0.74 | $0.18 |
| Diluted (in dollars per share) | $0.73 | $0.17 |
| Basic (in shares) | 16.4M shares | 15.8M shares |
| Diluted (in shares) | 16.7M shares | 16.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and equivalents | $11.1M | $6.7M | |
| Accounts receivable, net | $130.6M | $105.1M | |
| Contract assets | $53.5M | $43.4M | |
| Notes receivable - officers, employees, affiliates, current portion | $13.0K | $1.9M | |
| Prepaid and other current assets | $17.7M | $19.6M | |
| Total current assets | $213.0M | $176.6M | |
| Property and equipment, net | $49.2M | $42.0M | |
| Operating lease, right-of-use assets | $45.8M | $42.1M | |
| Goodwill | $173.6M | $134.7M | |
| Notes receivable | $903.0K | $903.0K | |
| Notes receivable - officers, employees, affiliates, less current portion | $1.1M | $638.0K | |
| Other intangible assets, net | $88.6M | $65.4M | |
| Deferred tax asset | $5.8M | $42.0M | |
| Other assets | $1.7M | $1.5M | |
| Total Assets | $579.7M | $505.9M | |
| Revolving credit facility | $95.3M | $37.0M | |
| Accounts payable and accrued liabilities, current portion | $60.0M | $51.6M | |
| Contract liabilities | $11.0M | $7.9M | |
| Notes payable, current portion | $22.7M | $17.1M | |
| Operating lease obligation, current portion | $12.0M | $11.0M | |
| Finance lease obligation, current portion | $13.7M | $10.4M | |
| Total current liabilities | $214.7M | $135.0M | |
| Other non-current obligations | $377.0K | $45.1M | |
| Notes payable, less current portion | $34.3M | $20.0M | |
| Operating lease obligation, less current portion | $40.4M | $37.1M | |
| Finance lease obligation, less current portion | $23.7M | $17.9M | |
| Pension and post-retirement obligation, less current portion | $4.7M | $4.7M | |
| Total liabilities | $318.6M | $259.8M | |
| Preferred Stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.01 par value; 30,000,000 shares authorized as of December 31, 2025 and 2024; 21,972,432 shares issued and 17,194,091 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of December 31, 2025 and 2024, respectively | $220.0K | $213.0K | |
| Additional paid-in-capital | $355.5M | $329.1M | |
| Accumulated other comprehensive income | $895.0K | $1.1M | |
| Treasury stock, at cost; 4,778,341 and 3,899,109, respectively | -$84.9M | -$60.9M | |
| Stock subscription notes receivable | $0 | -$30.0K | |
| Accumulated deficit | -$10.5M | -$23.4M | |
| Total shareholders' equity | $261.1M | $246.1M | $163.3M |
| TOTAL LIABILITIES AND EQUITY | $579.7M | $505.9M | |
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 22.0M shares | 21.3M shares | |
| Common stock, shares outstanding (in shares) | 17.2M shares | 17.4M shares | |
| Treasury stock, at cost shares (in shares) | 4.8M shares | 3.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and equivalents | $11.1M | $6.7M | |
| Accounts receivable, net | $130.6M | $105.1M | |
| Contract assets | $53.5M | $43.4M | |
| Notes receivable - officers, employees, affiliates, current portion | $13.0K | $1.9M | |
| Prepaid and other current assets | $17.7M | $19.6M | |
| Total current assets | $213.0M | $176.6M | |
| Property and equipment, net | $49.2M | $42.0M | |
| Operating lease, right-of-use assets | $45.8M | $42.1M | |
| Goodwill | $173.6M | $134.7M | |
| Notes receivable | $903.0K | $903.0K | |
| Notes receivable - officers, employees, affiliates, less current portion | $1.1M | $638.0K | |
| Other intangible assets, net | $88.6M | $65.4M | |
| Deferred tax asset | $5.8M | $42.0M | |
| Other assets | $1.7M | $1.5M | |
| Total Assets | $579.7M | $505.9M | |
| Revolving credit facility | $95.3M | $37.0M | |
| Accounts payable and accrued liabilities, current portion | $60.0M | $51.6M | |
| Contract liabilities | $11.0M | $7.9M | |
| Notes payable, current portion | $22.7M | $17.1M | |
| Operating lease obligation, current portion | $12.0M | $11.0M | |
| Finance lease obligation, current portion | $13.7M | $10.4M | |
| Total current liabilities | $214.7M | $135.0M | |
| Other non-current obligations | $377.0K | $45.1M | |
| Notes payable, less current portion | $34.3M | $20.0M | |
| Operating lease obligation, less current portion | $40.4M | $37.1M | |
| Finance lease obligation, less current portion | $23.7M | $17.9M | |
| Pension and post-retirement obligation, less current portion | $4.7M | $4.7M | |
| Total liabilities | $318.6M | $259.8M | |
| Preferred Stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.01 par value; 30,000,000 shares authorized as of December 31, 2025 and 2024; 21,972,432 shares issued and 17,194,091 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of December 31, 2025 and 2024, respectively | $220.0K | $213.0K | |
| Additional paid-in-capital | $355.5M | $329.1M | |
| Accumulated other comprehensive income | $895.0K | $1.1M | |
| Treasury stock, at cost; 4,778,341 and 3,899,109, respectively | -$84.9M | -$60.9M | |
| Stock subscription notes receivable | $0 | -$30.0K | |
| Accumulated deficit | -$10.5M | -$23.4M | |
| Total shareholders' equity | $261.1M | $246.1M | $163.3M |
| TOTAL LIABILITIES AND EQUITY | $579.7M | $505.9M | |
| Preferred stock par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 22.0M shares | 21.3M shares | |
| Common stock, shares outstanding (in shares) | 17.2M shares | 17.4M shares | |
| Treasury stock, at cost shares (in shares) | 4.8M shares | 3.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $12.8M | $3.0M |
| Depreciation and amortization - property and equipment | $17.2M | $14.5M |
| Amortization of intangible assets | $10.3M | $14.0M |
| Gain on sale of assets | -$909.0K | -$477.0K |
| Credit losses | $1.6M | $1.6M |
| Stock based compensation | $18.8M | $25.7M |
| Deferred taxes | $36.5M | -$20.0M |
| Accretion of discounts on notes payable | $1.1M | $483.0K |
| Accounts receivable | -$23.1M | -$9.3M |
| Contract assets | -$8.8M | -$4.1M |
| Prepaid expenses and other assets | $3.2M | -$5.7M |
| Accounts payable and accrued expenses | -$33.7M | $7.6M |
| Contract liabilities | $723.0K | -$3.1M |
| Net cash provided by operating activities | $35.8M | $24.3M |
| Purchases of property and equipment | -$2.4M | -$626.0K |
| Proceeds from sale of assets and disposal of leases | $1.0M | $478.0K |
| Payments received under loans to shareholders | $0 | $11.0K |
| Payments received under notes receivable | $1.2M | $0 |
| Capitalized internal-use software development costs | -$370.0K | $0 |
| Purchase of intangible asset | $0 | -$2.9M |
| Acquisitions of businesses, net of cash acquired | -$35.2M | -$24.4M |
| Collections under stock subscription notes receivable | $30.0K | $46.0K |
| Net cash used in investing activities | -$35.8M | -$27.5M |
| Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs | $0 | $47.2M |
| Borrowings under revolving credit facility | $58.4M | |
| Repayments under revolving credit facility | -$8.3M | |
| Repayments under fixed line of credit | $0 | -$345.0K |
| Proceeds from notes payable | $0 | $6.2M |
| Repayment under notes payable | -$17.6M | -$16.3M |
| Proceeds from finance leases | $0 | $4.6M |
| Payments on finance leases | -$12.8M | -$9.0M |
| Payment of contingent consideration from acquisitions | -$1.4M | -$2.3M |
| Payments for purchase of treasury stock | -$5.2M | -$11.1M |
| Repurchases of common stock | -$18.8M | -$23.3M |
| Proceeds from the issuance of common stock | $1.8M | $1.9M |
| Net cash provided by (used in) financing activities | $4.3M | -$10.8M |
| Net increase (decrease) in cash and cash equivalents | $4.4M | -$14.0M |
| Cash paid for interest | $7.7M | $6.6M |
| Cash paid for income taxes | $702.0K | $8.5M |
| Property and equipment acquired under finance lease | -$22.3M | -$11.9M |
| Note payable converted to common shares | -$1.8M | -$3.4M |
| Issuance of notes payable for acquisitions | -$36.5M | -$21.6M |
| Issuance of contingent consideration | $0 | -$2.0M |
| Settlement of contingent consideration | $3.0M | $1.9M |
No quarter-by-quarter statement was filed.
Corporate structure
Bowman Consulting Group Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Bowman Consulting Group Ltd.
- FMR LLC Filed SCHEDULE 13G/A on Bowman Consulting Group Ltd., latest Sep 8, 2026 (5 filings since Sep 11, 2023)
- BlackRock Filed SCHEDULE 13G/A on Bowman Consulting Group Ltd., latest Apr 27, 2026 (3 filings since Oct 22, 2024)
- Gary Bowman Filed SC 13D/A on Bowman Consulting Group Ltd., latest Apr 4, 2024 (6 filings since Oct 13, 2021)
- Polar Asset Management Partners Inc. Filed SC 13G/A on Bowman Consulting Group Ltd., latest Feb 9, 2024 (3 filings since Feb 7, 2022)
- WASATCH ADVISORS LP Filed SC 13G/A on Bowman Consulting Group Ltd., latest Feb 9, 2024 (3 filings since Feb 11, 2022)
- Pembroke Management, LTD Filed SC 13G/A on Bowman Consulting Group Ltd., latest Feb 2, 2024 (2 filings since Jan 13, 2023)
- Bank of America Filed SC 13G/A on Bowman Consulting Group Ltd., latest May 10, 2022 (2 filings since Mar 7, 2022)
- Bowman Consulting Group Ltd. Reston, Virginia
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Bowman Consulting Group Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $37.0M4 Dec 31, 2025 | $34.6M4 Dec 31, 2024 | +6.9% |
| Accumulated depreciation | $22.1M4 Dec 31, 2025 | $18.6M4 Dec 31, 2024 | +18.8% |
| Property and equipment, net | $14.9M4 Dec 31, 2025 | $16.0M4 Dec 31, 2024 | −6.8% |
| Finance-lease assets | $34.3M4 Dec 31, 2025 | $26.0M4 Dec 31, 2024 | +31.9% |
| Operating-lease assets (leased space) | $45.8M4 Dec 31, 2025 | $42.1M4 Dec 31, 2024 | +8.9% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $173.6M4 Dec 31, 2025 | $134.7M4 Dec 31, 2024 | +28.9% |
| Intangible assets, net (excluding goodwill) | $88.6M4 Dec 31, 2025 | $65.4M4 Dec 31, 2024 | +35.4% |
| Accumulated amortization | $38.1M4 Dec 31, 2025 | $27.7M4 Dec 31, 2024 | +37.3% |
| Finite-lived intangibles, net | $79.9M4 Dec 31, 2025 | $57.1M8 Dec 31, 2024 | +39.9% |
Properties, in its own words
Our principal executive office is located at 12355 Sunrise Valley Drive, Suite 520, Reston, Virginia 20191, which we lease under a seven-year commitment with annual lease payments of $0.3 million. We do not own any real property. We currently operate out of more than 135 core locations nationally, of which one is a related party transaction with a property owner including members of our management team, and four offices in Mexico. Our lease terms vary ranging from month-to-month to multi-year commitments. While we take pride in offering work locations to our employees that are conveniently located, professionally finished, well appointed, transit-centric and amenity rich, we do not consider any specific leased properties to be materially important to our long-term prospect for success. While we do believe it is necessary to maintain offices through which our services are coordinated and our employees collaborate in person, we feel there are an ample number of available office rental properties that could adequately serve our needs should we need to relocate or expand any of our operations.
Item 2 of the 10-K filed Mar 5, 2026.3
Leadership
Who has led Bowman Consulting Group Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
2025
- Chief executive officerGary Bowman May 6, 2021 to now11
- ChairGary Bowman May 13, 2022 to Apr 26, 202412
- PresidentMichael Bruen Jul 22, 2024 to Aug 7, 202413
- PresidentGary Bowman May 13, 2022 to Apr 26, 202412
- Chief financial officerBruce J. Labovitz May 6, 2021 to now14
- Chief operating officerDaniel Swayze Jul 12, 2024 to now15
- Chief operating officerMichael Bruen May 6, 2021 to Jun 21, 202416
Board members and other officers (12)
- Chief HR OfficerMary Kay Gribbons Jun 25, 2026 to now17
- Chief Information OfficerMatthew J. Mullenix Jun 25, 2026 to now18
- Board memberVirginia Lee Grebbien Apr 11, 2025 to now19
- Board memberRaymond Vicks Jr. May 18, 2022 to now20
- Board memberDaniel Lefaivre May 6, 2021 to May 13, 202221
- Board memberGary Bowman May 6, 2021 to now11
- Board memberJames P. Laurito May 6, 2021 to now22
- Board memberMichael Bruen May 6, 2021 to Aug 7, 202416
- Board memberPatricia Mulroy May 6, 2021 to now23
- Board memberStephen A. Riddick May 6, 2021 to now24
- General counselElizabeth A. Abdoo May 7, 2026 to now25
- General counselRobert Alan Hickey May 6, 2021 to now26
Timeline
- Sep 14, 20268-K Other events27
- Aug 10, 20268-K Entered a material agreement; Results of operations; Executive or director change28
- Jun 3, 20268-K Shareholder vote29
- May 5, 20268-K Results of operations30
- Apr 17, 20268-K Executive or director change31
- Mar 20, 20268-K Other events32
- Mar 4, 20268-K Results of operations33
- Feb 17, 20268-K Executive or director change; Regulation FD disclosure34
- Nov 5, 20258-K Entered a material agreement; Results of operations; New debt or obligation35
- Aug 6, 20258-K Results of operations36
- Jun 10, 20258-K Other events37
- May 28, 20258-K Shareholder vote; Other events38
- May 6, 2021New chief executive Gary Bowman becomes CEO11
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.37 a share, on Nov 5, 2025.39
When it reported results
- Aug 10, 2026Reported quarterly or annual results28
- May 5, 2026Reported quarterly or annual results30
- Mar 4, 2026Reported quarterly or annual results33
- Nov 5, 2025Reported quarterly or annual results35
- Aug 6, 2025Reported quarterly or annual results36
- May 6, 2025Reported quarterly or annual results40
- Mar 11, 2025Reported quarterly or annual results41
- Nov 6, 2024Reported quarterly or annual results42
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
464 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 54 major events, 204 insider forms, 24 large holders, 161 other. The latest 20:
- Oct 14, 2026DEFA14A EDGAR
- Oct 14, 2026DEFA14A EDGAR
- Oct 5, 2026DEFM14A EDGAR
- Sep 25, 2026PREM14A EDGAR
- Sep 24, 20264 EDGAR
- Sep 24, 2026144 EDGAR
- Sep 24, 2026144 EDGAR
- Sep 17, 20264 EDGAR
- Sep 14, 2026DEFA14A EDGAR
- Sep 14, 2026DEFA14A EDGAR
- Sep 14, 2026DEFA14A EDGAR
- Sep 14, 2026DEFA14A EDGAR
- Sep 14, 20268-K EDGAR
- Sep 8, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20264 EDGAR
- Aug 10, 2026144 EDGAR
- Aug 10, 20264 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 2026DEFA14A EDGAR
- Aug 10, 2026DEFA14A EDGAR
The 464 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
122 open-market trades by officers, directors and large owners since October 2021: 0 buys and 122 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 23, 2026 | Bowman GaryChief Executive Officer | Sale | 60,000 | $42.55 | $2.6M | Form 4 |
| Aug 10, 2026 | Mulroy PatriciaDirector | Sale | 883 | $42.37 | $37.4K | Form 4 |
| Aug 7, 2026 | Swayze DanielChief Operating Officer | Sale | 914 | $27.24 | $24.9K | Form 4 |
| Jun 2, 2026 | Grebbien Virginia LeeDirector | Sale | 7,500 | $31.65 | $237.4K | Form 4 |
| May 12, 2026 | Vicks Raymond Jr.Director | Sale | 1,230 | $33.34 | $41.0K | Form 4 |
| Apr 22, 2026 | Bowman GaryChief Executive Officer | Sale | 20,000 | $30.71 | $614.2K | Form 4 |
| Feb 18, 2026 | Bowman GaryChief Executive Officer | Sale | 20,000 | $32.62 | $652.4K | Form 4 |
| Jan 21, 2026 | Bowman GaryChief Executive Officer | Sale | 20,000 | $35.37 | $707.4K | Form 4 |
| Dec 17, 2025 | Bowman GaryChief Executive Officer | Sale | 20,000 | $35.25 | $705.0K | Form 4 |
| Oct 22, 2025 | Bowman GaryChief Executive Officer | Sale | 20,000 | $42.27 | $845.4K | Form 4 |
| Oct 13, 2025 | Labovitz Bruce JChief Financial Officer | Sale | 10,000 | $42.37 | $423.7K | Form 4 |
| Sep 24, 2025 | Bowman GaryChief Executive Officer | Sale | 20,000 | $42.39 | $847.8K | Form 4 |
| Sep 23, 2025 | Labovitz Bruce JChief Financial Officer | Sale | 10,000 | $43.30 | $433.0K | Form 4 |
| Sep 8, 2025 | Swayze DanielChief Operating Officer | Sale | 1,350 | $41.33 | $55.8K | Form 4 |
| Sep 8, 2025 | Riddick Stephen ADirector | Sale | 3,000 | $41.04 | $123.1K | Form 4 |
| Jun 30, 2025 | Mulroy PatriciaDirector | Sale | 400 | $29.06 | $11.6K | Form 4 |
| Jun 18, 2025 | Hickey Robert AlanChief Legal Officer | Sale | 5,000 | $26.70 | $133.5K | Form 4 |
| Jun 13, 2025 | Mulroy PatriciaDirector | Sale | 400 | $27.46 | $11.0K | Form 4 |
| Jun 6, 2025 | Riddick Stephen ADirector | Sale | 224 | $28.60 | $6.4K | Form 4 |
| May 19, 2025 | Hickey Robert AlanChief Legal Officer | Sale | 5,000 | $26.00 | $130.0K | Form 4 |
All 122 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G/A, 5 filings Sep 11, 2023 to Sep 8, 202643
- BlackRockSCHEDULE 13G/A, 3 filings Oct 22, 2024 to Apr 27, 202644
- Gary BowmanSC 13D/A, 6 filings Oct 13, 2021 to Apr 4, 202445
- Polar Asset Management Partners Inc.SC 13G/A, 3 filings Feb 7, 2022 to Feb 9, 202446
- WASATCH ADVISORS LPSC 13G/A, 3 filings Feb 11, 2022 to Feb 9, 202447
- Pembroke Management, LTDSC 13G/A, 2 filings Jan 13, 2023 to Feb 2, 202448
- Bank of AmericaSC 13G/A, 2 filings Mar 7, 2022 to May 10, 202249
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Gary Bowman | $739.9K | $2.4M50 | |
| 2025 | Daniel Swayze | $489.2K | $1.3M50 | |
| 2025 | Robert Hickey | $487.7K | $1.3M50 | |
| 2025 | Bruce Labovitz | $515.0K | $821.9K50 | |
| 2024 | EVPChief Financial Officer | $495.6K | $8.5M50 | |
| 2024 | Chief Executive Officer | $739.9K | $2.8M50 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Federal contracts $176.8M
Figures by year
| Year | Federal contracts | Total |
|---|---|---|
| 2026 | $147.8M | $147.8M |
| 2025 | $28.9M | $28.9M |
Federal awards
Obligated amounts from USAspending.gov51, by calendar year, 2025–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.
Largest contracts
- Dec 23, 2025$176.7M from U.S. Customs and Border Protection: Southwest border real estate support services (title, appraisal, survey, & acquisition support services)52 To BOWMAN CONSULTING GROUP LTD Award 70B01C26C00000012
- Apr 24, 2026$84.8K from Department of the Army: Photogrammetric mapping idiq53 To BOWMAN CONSULTING GROUP LTD Award W912P926FA107
- May 1, 2026$16.9K from Forest Service: To retain professional engineering services for the design, permitting, state coordination, and final installation report/coordination for a54 To BOWMAN CONSULTING GROUP LTD Award 1240LT26C0019
- Feb 27, 2026$2.5K from Department of the Army: Photogrammetric mapping idiq; guaranteed minimum55 To BOWMAN CONSULTING GROUP LTD Award W912P926FA062
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Bowman Consulting Group Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBowman Consulting Group Ltd.1
- CIK0001847590
- Employer ID (EIN)54-17623513
- Filer statusAccelerated filer an emerging growth company; not a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Industry code (SIC)8742 Services-Management Consulting Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address12355 Sunrise Valley Drive, Suite 520, Reston, VA 201911
- Phone703-464-10001
- Shares outstanding17,335,512 as of Aug 5, 202610
- Public float$408.7M as of Jun 30, 20253
- AuditorErnst & Young LLP, Tysons, VA PCAOB ID 42; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceFeb 25, 20211
- Filings513 in all: 4 (207), 144 (114), 8-K (56), 10-Q (17), CORRESP (17), 3 (15), DEFA14A (9), SC 13G/A (8)1
All 35 form types
SC 13D/A (7), SC 13G (7), UPLOAD (6), 10-K (5), DEF 14A (5), S-1/A (5), EFFECT (4), 4/A (3), SCHEDULE 13G/A (3), 424B4 (2), 424B5 (2), 8-K/A (2), DRS (2), S-1 (2), S-3 (2), S-8 (2), 10-K/A (1), 144/A (1), 8-A12B (1), AW (1), CERT (1), DEFM14A (1), FWP (1), PREM14A (1), S-1MEF (1), S-3/A (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Mar 5, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 28, 2026
Latest 8-K (8-K) Sep 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | BWMN | The Nasdaq Global Market |
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Bowman Consulting Group Ltd. names in Item 1A of its 10-K filed Mar 5, 2026: 60 risks under these headings, as written.3
- Risks Relating to Our Business and Industry
- We engage in a highly competitive business. If we are unable to compete effectively, we could lose market share and our business and results of operations could be negatively impacted.
- Our engagements involve highly complex projects that could be affected by a number of factors, some of which are outside of our control, and therefore may result in significant losses on projects.
- Effective succession planning is important to ensure our continued success.
- Our continued success is dependent upon our ability to hire, retain and utilize qualified personnel.
- Our profitability could suffer if we are not able to maintain adequate utilization of our workforce due to slowdowns in the economy, or reduced demand for our services.
- If we are unable to integrate acquired businesses successfully, our business could be harmed
- If we are not able to successfully manage our growth strategy, our business operations and financial results may be adversely affected.
- There is no assurance that we will achieve synergies and cost savings in connection with prior or future acquisitions.
- Our results of operations depend on the award of new contracts, the renewal of existing contracts and the timing of the performance of these contracts.
- Continuing worldwide political, social and economic uncertainties may adversely affect our revenue and profitability.
- Demand from customers is cyclical and vulnerable to economic downturns. If the economy weakens or customer spending declines, our financial results may be impacted.
The other 49 risks
- Public health threats, pandemics and outbreaks of communicable diseases could have a material adverse effect on our operations, the operations of our customers, and the global economy as a whole.
- Inflation could adversely affect our business and results of operations.
- A significant decline in new home construction, and/or a deterioration in expectations regarding the homebuilding market, could have a material adverse impact on our business, financial condition and results of operations.
- Construction, roadway, mining and maintenance sites are inherently dangerous workplaces. If we, the owner, or others working at such sites fail to maintain safe work conditions, we can be exposed to significant financial losses and reputational harm, as well as civil and criminal liabilities.
- Failure to maintain an adequate safety record could impair our ability to perform contracts for existing customers or our ability to obtain new contracts.
- Our services expose us to significant risks of liability, and our insurance policies may not provide adequate coverage.
- Unavailability or cancellation of third-party insurance coverage would increase our overall risk exposure as well as disrupt the management of our business operations.
- The contracts in our backlog may be adjusted, cancelled, or suspended by our customers and, therefore, our backlog is not necessarily indicative of our future revenues or earnings. Additionally, even if fully performed, our backlog is not a good indicator of future gross profit.
- Losses under lump-sum contracts and assignments may adversely impact our business operations and financial results.
- Our use of the percentage of completion method of revenue recognition requires that we estimate costs to be incurred under long-term contracts. Incorrect estimates could result in a reduction or reversal of previously recorded revenue and profits.
- We are dependent on third parties to complete certain elements of our contracts.
- Failure of our sub-consultants to satisfy their obligations to us or other parties, or the inability to maintain these relationships, may adversely impact our business operations and financial results.
- Weather conditions and seasonal revenue fluctuations may adversely impact our financial results.
- Catastrophic events may adversely impact our business operations.
- We rely on third-party internal and outsourced software to run our critical accounting, project management and financial information systems. As a result, any sudden loss, disruption or unexpected costs to maintain these systems could significantly increase our operational expense and disrupt the management of our business operations.
- Issues related to the use of Artificial Intelligence may result in reputational harm or liability that could adversely impact our business.
- We are subject to cybersecurity risks and breaches of our systems and information technology could adversely impact our ability to operate.
- Negative conditions in the credit and financial markets and delays in receiving customer payments could result in liquidity problems, adversely affecting our cost of borrowing, our ability to refinance our indebtedness and our business.
- Our quarterly results may fluctuate significantly, which could have a material negative effect on the price of our common stock.
- An impairment charge on our goodwill could have a material adverse impact on our financial position and results of operations.
- Increases in inflation, interest rates, and/or construction costs could reduce the demand for our services as well as decrease our profit on existing contracts, particularly our fixed price contracts.
- We are subject to professional standards, duties and statutory obligations on professional reports and opinions we issue, which could subject us to monetary damages.
- Our credit agreement contains several restrictive covenants, which could limit our ability to finance future operations, acquisitions or capital needs or engage in other business activities that may be in our interest.
- Variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
- Risks Relating to Government Contracts, Regulation and Litigation
- Governmental agencies may modify, curtail, or terminate our contracts at any time prior to their completion and, if we do not replace them, we may suffer a decline in revenue.
- Because we provide services to municipalities and other public agencies, we are more susceptible to the unique risks associated with government contracts.
- Legislation, policy, rules, or regulations may be enacted that limit or change the ability of state, regional or local agencies to contract for our privatized services. Such changes would affect our ability to obtain new contracts and may decrease the demand for our services.
- State and other public employee unions may bring litigation that seeks to limit the ability of public agencies to contract with private firms to perform government employee functions relating to public improvements. Judicial determinations in favor of these unions could affect our ability to compete for contracts and may have an adverse effect on our financial results.
- Our failure to comply with a variety of complex procurement rules and regulations could damage our reputation and result in our being liable for penalties, including termination of our government contracts, disqualification from bidding on future government contracts and suspension or debarment from government contracting.
- The outcome of pending and future claims and litigation could have a material adverse impact on our business, financial condition, and results of operations.
- Employee, agent or partner misconduct or our overall failure to comply with laws or regulations may adversely impact our reputation and financial results as well as subject us to criminal and civil enforcement actions.
- Changes in resource management or infrastructure industry laws, regulations, and programs could directly or indirectly reduce the demand for our services which could in turn negatively impact our revenue.
- We are subject to stringent and evolving laws, regulations, rules, contractual obligations, policies and other obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could lead to regulatory investigations or actions; litigation (including class claims) and mass arbitration demands; fines and
- penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse business consequences.
- We may be subject to liabilities under environmental laws and regulations, including liabilities assumed in acquisitions for which we may not be indemnified.
- Changes in tax laws or their implementation or interpretation could materially affect our results of operations.
- Risks Relating to Our Common Stock
- If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm our business and the trading price of our common stock.
- Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud.
- The price of our common stock has been, and may continue to be, volatile and the value of our common stock could decline.
- An active trading market for our common stock may not be sustained.
- There can be no assurance that we will be able to comply with the continued listing standards of Nasdaq.
- If securities analysts do not publish research or reports about our business or if they publish negative evaluations of our stock, the price of our stock could decline.
- Our Chief Executive Officer owns a large percentage of our voting stock, which may allow him to have a significant influence on all matters requiring stockholder approval.
- Future issuances or sales of a substantial number of shares of our common stock, or the perception that such issuances or sales may occur, could cause our stock price to decline.
- We cannot guarantee that our share repurchase program will be fully implemented or that it will enhance long-term stockholder value.
- Anti-takeover provisions under our charter documents and Delaware law could delay or prevent a change of control, which could limit the market price of our common stock and may prevent or frustrate attempts by our stockholders to replace or remove our current management.
- Our amended and restated bylaws designate specific courts as the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us.
- Commencing December 31, 2026 we will no longer qualify as an emerging growth company, and the reduced reporting requirements applicable to emerging growth companies will no longer apply to us.
- Because we do not anticipate paying any cash dividends on our capital stock in the foreseeable future, capital appreciation, if any, will be your sole source of gain.
Legal proceedings
From time to time, we are subject to various legal proceedings that arise in the normal course of our business activities. As of the date of this Annual Report on Form 10-K, we are not party to any litigation, the outcome of which if determined adversely to us, would individually or in the aggregate be reasonably expected to have a material adverse effect on our results of operations or financial position.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARGary Bowman, Chief executive officer
- 12SEC EDGARGary Bowman, Chair
- 13SEC EDGARMichael Bruen, President
- 14
- 15
- 16
- 17SEC EDGARMary Kay Gribbons, Chief HR Officer
- 18
- 19SEC EDGARVirginia Lee Grebbien, Board member
- 20SEC EDGARRaymond Vicks Jr., Board member
- 21SEC EDGARDaniel Lefaivre, Board member
- 22SEC EDGARJames P. Laurito, Board member
- 23SEC EDGARPatricia Mulroy, Board member
- 24SEC EDGARStephen A. Riddick, Board member
- 25SEC EDGARElizabeth A. Abdoo, General counsel
- 26SEC EDGARRobert Alan Hickey, General counsel
- 27SEC EDGAROther events
- 28
- 29SEC EDGARShareholder vote
- 30SEC EDGARResults of operations
- 31SEC EDGARExecutive or director change
- 32SEC EDGAROther events
- 33SEC EDGARResults of operations
- 34
- 35
- 36SEC EDGARResults of operations
- 37SEC EDGAROther events
- 38SEC EDGARShareholder vote; Other events
- 39NasdaqNasdaq calendar
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- 51
- 52USAspending.gov70B01C26C00000012: U.S. Customs and Border Protection
- 53USAspending.govW912P926FA107: Department of the Army
- 54USAspending.gov1240LT26C0019: Forest Service
- 55USAspending.govW912P926FA062: Department of the Army