---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-065430"
form_type: "8-K"
ticker: "BWMN"
cik: "0001847590"
company_name: "Bowman Consulting Group Ltd."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:23:02.936952+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bowman FY23 revenue up 32% to $346.3M, net loss $6.6M vs income $5.0M; guides FY24 NSB $363-$378M

## Summary
- Full-year gross revenue $346.3M (+32% YoY); net service billing $304.0M (+29% YoY).
- Net loss of $6.6M vs net income of $5.0M in FY22; Q4 net loss $7.7M vs income $0.5M.
- Adjusted EBITDA $47.0M (+38% YoY); margin 15.5%, up 100 bps. Q4 adjusted EBITDA $11.2M (+19%).
- FY24 guidance: net service billing $363-$378M, adjusted EBITDA $59-$65M.
- Completed 11 acquisitions in 2023 (~$60M annualized billing); new $10M stock repurchase authorized.

## SEC filing metadata
- accession: 0001193125-24-065430
- form_type: 8-K
- ticker: BWMN
- cik: 0001847590
- company_name: Bowman Consulting Group Ltd.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1847590/000119312524065430/0001193125-24-065430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847590/000119312524065430/d761668d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-065430
- JSON: https://secwatch.observer/filing/0001193125-24-065430.json
- Plain text: https://secwatch.observer/filing/0001193125-24-065430.txt

## Key facts
- Earnings Releases
  Bowman Consulting Group Ltd. reported twelve months ended December 31, 2023 results: EPS Basic Adjusted EPS was $1.12 compared to $1.46.
  - Period: twelve months ended December 31, 2023
  - EPS: Basic Adjusted EPS was $1.12 compared to $1.46
  - Result: reported results
  source text: For the twelve months ended December 31, 2023, compared to December 31, 2022: • Basic Adjusted EPS was $1.12 compared to $1.46
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312524065430/0001193125-24-065430-index.htm
- Earnings Releases
  Bowman Consulting Group Ltd. reported fiscal year ended December 31, 2023 results: revenue Gross contract revenue of $346.3 million, net income Net loss of $6.6 million.
  - Period: fiscal year ended December 31, 2023
  - Revenue: Gross contract revenue of $346.3 million
  - Net income: Net loss of $6.6 million
  - Result: reported results
  source text: • Gross backlog 2 of $306 million, compared to $243 million, a 26% increase Financial highlights for fiscal year 2023, compared to fiscal year 2022: • Gross contract revenue of $346.3 million, compared to $261.7 million, a 32% increase • Year-over-year organic gross contract revenue growth 1 of 21% • Net service billing 2 of $304.0 million, compared to $235.2 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312524065430/0001193125-24-065430-index.htm

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