Bowman Q1 revenue up 19%, adjusted EBITDA up 20%; reaffirms FY2025 guidance

Bowman Consulting Group Ltd.

2025-Q1 EPS reported -$0.11 revenue$112,931,000

Gross contract revenue $112.9M (+19% YoY); net service billing $100.1M (+16.8%).
Adjusted EBITDA $14.5M (+19.6%); margin 14.5% (+30 bps).
Organic net service billing growth 6% (vs 3% YoY); gross backlog $418.8M (+26.9%).
Non-GAAP diluted adjusted EPS $0.07; GAAP EPS ($0.11) unchanged.
FY2025 guidance reaffirmed: net revenue $428-$440M, adjusted EBITDA $70-$76M.

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