Quarterly ResultMay 6, 2026, 04:32 PM
Bowman Consulting Q1 Net Loss Widens to $3.7M; Revenue Up 12.0%
AI Summary
Bowman Consulting Group Ltd. reported a significant increase in net loss for the first quarter of 2026, reaching $3.7 million, up from $1.7 million in the prior year. This resulted in a basic loss per share of $0.22. Despite the increased loss, gross contract revenue grew by 12.0% to $126.5 million. The company also continued its share repurchase program, buying back $9.2 million in common stock during the quarter.
Key Highlights
- Gross Contract Revenue increased 12.0% to $126.5 million for Q1 2026, up from $112.9 million in Q1 2025.
- Net loss for Q1 2026 was $3.7 million, compared to a net loss of $1.7 million in Q1 2025.
- Basic loss per share was $0.22 for Q1 2026, compared to $0.11 for Q1 2025.
- The company repurchased 288,098 shares of common stock for $9.2 million during Q1 2026.
- As of March 31, 2026, $6.4 million remained available under the 2025 share repurchase authorization.
- Total assets increased to $589.8 million as of March 31, 2026, from $579.7 million at December 31, 2025.
- Total liabilities increased to $338.9 million as of March 31, 2026, from $318.6 million at December 31, 2025.