Bowman reports record FY2025 revenue $490M, raises 2026 guidance; CEO announces retirement

Bowman Consulting Group Ltd.

Full-year 2025 net service billing $434.8M (+14.5% YoY); organic growth 12.4%; adjusted EBITDA $72.9M (+22.5%), margin 16.8% (+110 bps).
Q4 net income $2.0M vs $5.9M prior year; adjusted EPS $0.45 vs $0.71; gross contract revenue $129M (+14%).
CEO Gary Bowman plans to retire in 2026; board conducting formal search; he will serve as Senior Advisor after transition.
Credit facility amended to $250M from $210M; company repurchased 683,448 shares in FY2025 for $18.8M.
2026 guidance raised: net revenue now $495-$510M (from $465-$480M); adjusted EBITDA margin 17.0%-17.5% unchanged.

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