Bowman Consulting Group Ltd. (BWMN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
12355 SUNRISE VALLEY DRIVE RESTON, VA 20191 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8742 - Management Consulting Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 20,687 | 13,282 | 20,619 | |||
| Cash and cash equivalent | 20,687 | 13,282 | 20,619 | |||
| Receivables | 87,565 | 64,443 | 38,491 | |||
| Contract with customer, asset, after allowance for credit loss | 33,520 | 16,321 | 9,189 | |||
| Other undisclosed current assets | 13,005 | 8,084 | 6,110 | |||
| Total current assets: | 154,777 | 102,130 | 74,409 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 40,743 | 30,264 | ||||
| Property, plant and equipment | 20,202 | |||||
| Long-term investments and receivables | 903 | 903 | 903 | |||
| Accounts and financing receivable, after allowance for credit loss | 903 | 903 | 903 | |||
| Intangible assets, net (including goodwill) | 96,393 | 53,210 | 28,471 | |||
| Goodwill | 96,393 | 53,210 | 28,471 | |||
| Deferred income tax assets | 33,780 | 13,759 | ||||
| Other noncurrent assets | 1,175 | 1,020 | 681 | |||
| Other undisclosed noncurrent assets | 75,014 | 54,471 | 13,504 | |||
| Total noncurrent assets: | 248,008 | 153,627 | 63,761 | |||
| TOTAL ASSETS: | 402,785 | 255,757 | 138,170 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 44,394 | 40,293 | 17,921 | |||
| Accrued liabilities | 392 | 239 | ||||
| Other undisclosed accounts payable and accrued liabilities | 44,002 | 40,054 | 17,921 | |||
| Deferred revenue | 7,481 | 6,370 | 4,623 | |||
| Debt | 65,865 | 15,465 | 4,450 | |||
| Deferred rent credit | 724 | |||||
| Other undisclosed current liabilities | 9,016 | 6,949 | 5,136 | |||
| Total current liabilities: | 126,756 | 69,077 | 32,854 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 28,146 | 30,530 | 8,407 | |||
| Long-term debt, excluding current maturities | 13,738 | 16,276 | 8,407 | |||
| Finance lease, liability | 14,408 | 14,254 | ||||
| Liabilities, other than long-term debt | 84,602 | 33,291 | 8,469 | |||
| Deferred rent credit | 4,179 | |||||
| Deferred income tax liabilities | 4,290 | |||||
| Liability, pension and other postretirement and postemployment benefits | 4,654 | 4,848 | ||||
| Other liabilities | 42,288 | 356 | ||||
| Operating lease, liability | 37,660 | 28,087 | ||||
| Other undisclosed noncurrent liabilities | 10,027 | |||||
| Total noncurrent liabilities: | 112,748 | 63,821 | 26,903 | |||
| Total liabilities: | 239,504 | 132,898 | 59,757 | |||
| Equity | ||||||
| Equity, attributable to parent | 163,281 | 122,859 | 78,413 | |||
| Common stock | 177 | 159 | 137 | |||
| Treasury stock, value | (26,410) | (20,831) | (17,488) | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (76) | (173) | (277) | |||
| Additional paid in capital | 215,420 | 162,922 | 120,842 | |||
| Accumulated other comprehensive income | 590 | 578 | ||||
| Accumulated deficit | (26,420) | (19,796) | (24,801) | |||
| Total equity: | 163,281 | 122,859 | 78,413 | |||
| TOTAL LIABILITIES AND EQUITY: | 402,785 | 255,757 | 138,170 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 346,256 | 261,714 | 149,970 | ||
| Cost of revenue | (170,223) | (126,586) | (74,532) | ||
| Cost of product and service sold | (127,961) | (100,076) | (59,416) | ||
| Gross profit: | 176,033 | 135,128 | 75,438 | ||
| Operating expenses | (176,689) | (130,008) | (75,278) | ||
| Operating income (loss): | (656) | 5,120 | 160 | ||
| Nonoperating expense (Other Nonoperating expense) | (5,791) | (3,384) | (1,440) | ||
| Interest and debt expense | (1,464) | (1,247) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (7,911) | 489 | (1,280) | ||
| Other undisclosed income from continuing operations before income taxes | 1,464 | 1,247 | |||
| Income (loss) from continuing operations before income taxes: | (6,447) | 1,736 | (1,280) | ||
| Income tax expense (benefit) | (177) | 3,269 | 1,579 | ||
| Income (loss) from continuing operations: | (6,624) | 5,005 | 299 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 299 | |
| Net income (loss) attributable to parent: | (6,624) | 5,005 | 299 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (783) | ||||
| Other undisclosed net loss available to common stockholders, basic | (56) | ||||
| Net income (loss) available to common stockholders, diluted: | (6,624) | 4,222 | 243 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (6,624) | 5,005 | 299 | ||
| Other comprehensive income | 777 | ||||
| Comprehensive income (loss): | (6,624) | 5,782 | 299 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 12 | (199) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,612) | 5,583 | 299 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.