secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001628280-26-014716
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000162828026014716/0001628280-26-014716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000162828026014716/bwmn-20260304.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-014716

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer