---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-132633"
form_type: "8-K"
ticker: "BWMN"
cik: "0001847590"
company_name: "Bowman Consulting Group Ltd."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:06:57.141120+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bowman Q1 revenue up 25% to $94.9M; net loss $1.6M; raises FY2024 guidance

## Summary
- Gross contract revenue $94.9M (+25% YoY); net service billing $85.7M (+27% YoY); net loss $1.6M vs income $0.5M.
- Adjusted EBITDA $12.1M (+25% YoY); margin 14.2% (down 10bps). Diluted Adjusted EPS $0.20 vs $0.26.
- Backlog $330M (+31% YoY). Raises FY2024 net service billing guidance to $382-397M and Adj. EBITDA to $63-69M.
- Subsequent events: closed $51M equity offering, Surdex & Moore Consulting acquisitions, new $100M revolver, $11M refinancing.

## SEC filing metadata
- accession: 0001193125-24-132633
- form_type: 8-K
- ticker: BWMN
- cik: 0001847590
- company_name: Bowman Consulting Group Ltd.
- filed_at: 2024-05-07T23:59:59+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/1847590/000119312524132633/0001193125-24-132633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847590/000119312524132633/d794617d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-132633
- JSON: https://secwatch.observer/filing/0001193125-24-132633.json
- Plain text: https://secwatch.observer/filing/0001193125-24-132633.txt

## Key facts
- Earnings Releases
  Bowman Consulting Group Ltd. reported first quarter ended March 31, 2024 results: revenue $94.9 million, net income Net loss of $1.6 million, EPS $0.20. Guidance raised.
  - Period: first quarter ended March 31, 2024
  - Revenue: $94.9 million
  - Net income: Net loss of $1.6 million
  - EPS: $0.20
  - Guidance: raised
  - Result: reported results
  source text: on our current high-frequency acquisition strategy.” Financial Highlights for the Three Months Ended March 31, 2024, Compared to March 31, 2023: • Gross contract revenue of $94.9 million, compared to $76.1 million, a 25% increase • Year-over-year organic gross contract revenue growth 1 of 1% • Net service billing 2 of $85.7 million, compared to $67.6 million, a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847590/000119312524132633/0001193125-24-132633-index.htm

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