Bowman Consulting Group Ltd. Common Stock Earnings Recaps
Q3 2025
Nov 7, 2025
Bowman Consulting achieved a significant milestone with a $500 million annualized gross revenue rate for Q3 2025, driven by 11% year-over-year net revenue growth and an 8% increase in adjusted EBITDA.
Key takeaways
- Net revenue reached $112 million, supported by over 20% growth in transportation and power utility markets.
- GAAP net income surged to $6.6 million, compared to just $800,000 in the same quarter last year.
- Record backlog of $448 million grew nearly 18% year-over-year, indicating strong demand across key sectors.
- Adjusted EPS doubled to $0.61, reflecting improved operational efficiency and growth in billed revenue.
- Total overhead decreased as a percentage of net revenue, enhancing profit margins and capital efficiency.