Bowman Consulting Group Ltd. announced record financial results for the second quarter ended June 30, 2025, on August 6, 2025. Gross contract revenue increased 16.8% year-over-year to $122.09 million, and net service billing rose 14.9% to $107.997 million, with organic net service billing growth of 9.9%.
The company reported a net income of $5.7 million for Q2 2025, a significant improvement from a loss in the prior year period. Adjusted EBITDA surged 50.6% to $20.20 million, resulting in a record Adjusted EBITDA margin on net service billing of 18.7%, an increase of 380 basis points.
Bowman raised its full-year 2025 guidance, projecting net revenues of $430 million to $442 million and Adjusted EBITDA of $71 million to $77 million. The company also reported a record backlog of $438.2 million at the end of Q2 2025, up 25% year-over-year, providing strong revenue visibility and a book-to-bill ratio consistently above 1.
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