← Bowman Consulting Group Ltd.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and equivalents $19.5m $5.5m $386k $20.6m $13.3m $20.7m $6.7m $11.1m
Accounts receivable, net — — $24.2m $38.5m $64.4m $87.6m $105.1m $130.6m
Prepaid and other current assets — — $2.3m $4.8m $7.1m $11.8m $19.6m $17.7m
Notes receivable — — $903k $903k $903k $903k $903k $903k
Stock subscription notes receivable — — ($609k) ($277k) ($173k) ($76k) ($30k) $0
Accounts receivable $82.4m $66.7m $36.2m $68.8m $83.8m $97.9m $166.1m $148.9m
Inventories $13.4m $21.6m $19.2m $44.5m $49.9m $65.0m $69.0m $75.7m
Prepaid expenses and deposits $3.7m $4.2m $5.0m $6.8m $10.6m $7.4m $7.7m $6.9m
Total current assets $129.7m $117.8m $35.1m $74.4m $102.1m $154.8m $176.6m $213.0m
Property and equipment, net — $587.7m $15.4m $20.2m $25.1m $27.6m $42.0m $49.2m
Property, plant and equipment, net of accumulated depreciation $276,185 (2018 – $248,885) $528.2m $587.7m — — — — — —
Goodwill — — $9.2m $28.5m $53.2m $96.4m $134.7m $173.6m
Other intangible assets, net — — $1.1m $12.3m $27.9m $46.3m $65.4m $88.6m
Intangible assets — — — $3.9m $6.8m $7.0m $9.9m $12.3m
Goodwill and intangible assets — — $378k $4.4m — — — —
Operating lease, right-of-use assets — $21.8m $18.2m $14.8m $30.3m $40.7m $42.1m $45.8m
Other assets $10.9m $6.7m $669k $681k $1.0m $1.2m $1.5m $1.7m
Contract assets $10.7m $19.2m $7.1m $9.2m $16.3m $33.5m $43.4m $53.5m
Notes receivable - officers, employees, affiliates, current portion — — $1.2m $1.3m $1.0m $1.2m $1.9m $13k
Notes receivable - officers, employees, affiliates, less current portion — — $1.3m $1.2m $1.4m $1.1m $638k $1.1m
Deferred tax asset $9.3m $15.7m $16.4m $0 $13.8m $33.8m $42.0m $5.8m
Revolving credit facility — — $3.5m — $0 $45.3m $37.0m $95.3m
Contract liabilities $4.0m $23k $1.9m $4.6m $6.4m $7.5m $7.9m $11.0m
Notes payable, current portion — — $1.6m $4.5m $10.2m $14.0m $17.1m $22.7m
Operating lease obligation, current portion — $3.8m $4.0m $3.3m $6.9m $9.0m $11.0m $12.0m
Finance lease obligation, current portion — $29.2m $26.9m $5.1m $5.3m $6.6m $10.4m $13.7m
Other non-current obligations $25.6m $24.5m $1.2m $0 $356k $42.3m $45.1m $377k
Notes payable, less current portion — — $2.8m $8.4m $16.3m $13.7m $20.0m $34.3m
Operating lease obligation, less current portion — $17.7m $14.1m $0 $28.1m $37.7m $37.1m $40.4m
Finance lease obligation, less current portion — $47.1m $42.6m $10.0m $14.3m $14.4m $17.9m $23.7m
Assets held for sale — $424k $4.1m $660k $1.1m $1.3m $683k $107k
Investments in affiliates and joint ventures $11.8m $42.9m $46.3m $56.0m $75.6m $81.4m $84.7m $70.4m
Current portion of contingent obligations — — — — — $22.5m $39.3m $34.6m
Contingent obligations — — — — — $93.4m $88.6m $28.9m
Common shares (authorized – unlimited number of voting common shares; issued and outstanding – December 31, 2025 - 28,821,481 (December 31, 2024 – 27,704,450)) 221.8m 226.0m 255.1m 246.9m 229.5m 229.5m 229.0m 283.0m
Derivative financial instruments — $0 $4.3m $0 — — — —
Treasury shares (December 31, 2021 - 1,564,813 (December 31, 2020 - 1,845,201)) ($11.7m) ($15.9m) ($18.0m) ($17.8m) — — — —
Current portion of finance lease obligations (current portion of capital lease obligations as at December 31, 2018) $32.2m $29.2m — — — — — —
Finance lease obligations (capital lease obligations as at December 31, 2018) $54.3m — — — — — — —
Total shareholders' equity $149.7m $180.1m $17.1m $78.4m $122.9m $163.3m $246.1m $261.1m
Total Assets $689.8m $792.7m $63.6m $138.2m $255.8m $402.8m $505.9m $579.7m
Accounts payable and accrued liabilities, current portion — — $12.2m $17.9m $40.3m $44.4m $51.6m $60.0m
Accounts payable $63.5m $88.2m $41.4m $76.3m $102.5m $146.2m $110.8m $102.1m
Accrued liabilities $19.2m $17.6m $19.4m $33.4m $43.8m $72.2m $78.0m $89.3m
Current portion of long-term debt $30.0m $18.5m $16.3m $19.7m $42.1m $81.3m $84.2m $160.6m
Total current liabilities $148.9m $157.3m $23.3m $32.9m $69.1m $126.8m $135.0m $214.7m
Pension and post-retirement obligation, less current portion — — — $0 $4.8m $4.7m $4.7m $4.7m
Long-term debt $266.0m $313.4m $341.4m $306.0m $378.5m $611.3m $719.4m $749.8m
Deferred tax liabilities $44.8m $52.5m $64.2m $56.2m $71.9m $108.8m $125.4m $141.3m
Total liabilities $539.6m $612.5m $46.5m $59.8m $132.9m $239.5m $259.8m $318.6m
Preferred Stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 — — — 0 0 0 0 0
Common stock, $0.01 par value; 30,000,000 shares authorized as of December 31, 2025 and 2024; 21,972,432 shares issued and 17,194,091 outstanding, and 21,281,247 shares issued and 17,382,138 outstanding as of December 31, 2025 and 2024, respectively — — 2k 137k 159k 177k 213k 220k
Additional paid-in-capital — — $58.9m $120.8m $162.9m $215.4m $329.1m $355.5m
Accumulated other comprehensive income — — $0 $0 $578k $590k $1.1m $895k
Treasury stock, at cost; 4,778,341 and 3,899,109, respectively — — — ($17.8m) ($20.8m) ($26.4m) ($60.9m) ($84.9m)
Accumulated deficit ($113.9m) ($79.9m) ($25.1m) ($24.8m) ($19.8m) ($26.4m) ($23.4m) ($10.5m)
Additional paid-in capital $53.6m $49.9m $46.5m $37.5m $22.1m $20.7m $20.8m $2.8m
Noncontrolling interest $494k $0 — — — — — —
TOTAL LIABILITIES AND EQUITY $689.8m $792.7m $63.6m $138.2m $255.8m $402.8m $505.9m $579.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.