---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-271935"
form_type: "8-K"
ticker: "BWMN"
cik: "0001847590"
company_name: "Bowman Consulting Group Ltd."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:23:26.168439+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bowman Q3 revenue up 33% to $94.4M; adjusted EBITDA up 57%; narrows FY2023 guidance, introduces FY2024 outlook

## Summary
- Q3 gross revenue $94.4M (+33% YoY); net service billing $82.1M (+27%); net income $1.2M vs $3.4M prior year.
- Adjusted EBITDA $15.1M (+57%); adjusted EBITDA margin net 18.3% (up 350 bps); backlog $299M (+30%).
- Narrowing FY2023 net service billing guidance to $306-312M and adjusted EBITDA to $48-52M.
- Introduced FY2024 guidance: net service billing $345-360M and adjusted EBITDA $56-62M.
- Repurchased 28,704 shares at avg $25.94; $9.3M remaining under $10M buyback program.

## SEC filing metadata
- accession: 0001193125-23-271935
- form_type: 8-K
- ticker: BWMN
- cik: 0001847590
- company_name: Bowman Consulting Group Ltd.
- filed_at: 2023-11-07T23:59:59+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/1847590/000119312523271935/0001193125-23-271935-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847590/000119312523271935/d526251d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-271935
- JSON: https://secwatch.observer/filing/0001193125-23-271935.json
- Plain text: https://secwatch.observer/filing/0001193125-23-271935.txt

## Key facts
- Earnings Releases
  Bowman Consulting Group Ltd. reported nine months ended September 30, 2023 results: revenue $253.3 million, net income $1.1 million.
  - Period: nine months ended September 30, 2023
  - Revenue: $253.3 million
  - Net income: $1.1 million
  - Result: reported results
  source text: 2 of $299 million, compared to $230 million, a 30% increase Financial highlights for the nine months ended September 30, 2023, compared to September 30, 2022: • Gross revenue of $253.3 million, compared to $186.1 million, a 36% increase • Year-over-year organic gross revenue growth 1 of 22% • Net service billing 2 of $223.5 million, compared to $169.0 million, a 32%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312523271935/0001193125-23-271935-index.htm
- Earnings Releases
  Bowman Consulting Group Ltd. reported three months ended September 30, 2023 results: revenue $94.4 million, net income $1.2 million.
  - Period: three months ended September 30, 2023
  - Revenue: $94.4 million
  - Net income: $1.2 million
  - Result: reported results
  source text: for a successful finish to 2023 and strong 2024.” Financial highlights for the three months ended September 30, 2023, compared to September 30, 2022: • Gross revenue of $94.4 million, compared to $71.2 million, a 33% increase • Year-over-year organic gross revenue growth 1 of 11% • Net service billing 2 of $82.1 million, compared to $64.9 million, a 27%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312523271935/0001193125-23-271935-index.htm

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