---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-066906"
form_type: "8-K"
ticker: "BWMN"
cik: "0001847590"
company_name: "Bowman Consulting Group Ltd."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:50:42.000214+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bowman Consulting reports record FY 2022 revenue of $261.7M; raises FY 2023 guidance

## Summary
- Q4 2022 gross revenue $75.6M (+80% YoY); net service billing $66.2M (+75% YoY).
- FY 2022 gross revenue $261.7M (+74% YoY); net income $5.0M vs $0.3M prior year.
- Adjusted EBITDA doubled to $34.0M from $16.5M; margin expanded to 14.5%.
- FY 2023 Net Service Billing guidance raised to $280-295M; Adjusted EBITDA $43-49M.
- Closed 8 acquisitions in 2022 representing >$60M annualized revenue; 3 in Q4.

## SEC filing metadata
- accession: 0001193125-23-066906
- form_type: 8-K
- ticker: BWMN
- cik: 0001847590
- company_name: Bowman Consulting Group Ltd.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847590/000119312523066906/0001193125-23-066906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847590/000119312523066906/d481797d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-066906
- JSON: https://secwatch.observer/filing/0001193125-23-066906.json
- Plain text: https://secwatch.observer/filing/0001193125-23-066906.txt

## Key facts
- Earnings Releases
  Bowman Consulting Group Ltd. reported for the fourth quarter ended December 31, 2022 results: revenue $75.6 million, net income $0.5 million. Guidance raised.
  - Period: for the fourth quarter ended December 31, 2022
  - Revenue: $75.6 million
  - Net income: $0.5 million
  - Guidance: raised
  - Result: reported results
  source text: to grow and deliver on our strategic plans for 2023.” Financial highlights for the three months ended December 31, 2022, compared to December 31, 2021: • Gross revenue of $75.6 million, compared to $41.9 million, an 80% increase • Year-over-year organic gross revenue growth 1 of 30% • Net service billing 2 of $66.2 million, compared to $37.8 million, a 75%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312523066906/0001193125-23-066906-index.htm
- Earnings Releases
  Bowman Consulting Group Ltd. reported for the full year ended December 31, 2022 results: revenue $261.7 million, net income $5.0 million. Guidance raised.
  - Period: for the full year ended December 31, 2022
  - Revenue: $261.7 million
  - Net income: $5.0 million
  - Guidance: raised
  - Result: reported results
  source text: 2 of $243 million, compared to $167 million, a 46% increase Financial highlights for the twelve months ended December 31, 2022, compared to December 31, 2021: • Gross revenue of $261.7 million, compared to $150.0 million, a 74% increase • Year-over-year organic gross revenue growth of 31% • Net service revenue 1 of $235.2 million, compared to $134.9 million, 74%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312523066906/0001193125-23-066906-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.