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Bowman Consulting Group (BWMN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Bowman Consulting Group (BWMN) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $149M · 1¢ of every $1 of revenue lost · operating margin 2.3%
Bowman Consulting Group made $149M in Q3 2026 (+18% Y/Y). Operating margin 2.3%, net loss $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $148.7M in Q3 2026, up 18% year over year and up 2% from the previous quarter.
Operating profit was $3.4M, a 2.3% margin (down 1.9 points year over year). Operating profit fell $1.9M even though revenue rose $22.7M versus Q3 2025, so costs grew faster than sales. Total costs grew 20% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+21%). The quarter ended with a net loss of $2.0M, after a profit of $2.5M the previous quarter. Net interest and other expense of $4.7M was the main reason.
Operating cash flow was $5.6M (down 45% year over year). Non-cash charges added back $5.5M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $4.6M. Capital expenditures of $3.8M left free cash flow of $1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $149M | +18% | 2.3% | −$2.0M | $5.6M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $146M | +20% | 5.6% | $2.5M | −$7.9M |
| Q1 2026 | 10-Q | May 6, 2026 | $126M | +12% | 0.1% | −$3.7M | $11.6M |
| Q4 2025 | 10-K | Mar 5, 2026 | $129M | +14% | 3.2% | $2.0M | $9.4M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $126M | +11% | 4.2% | $6.6M | $10.2M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $122M | +17% | 7.4% | $6.0M | $4.3M |
| Q1 2025 | 10-Q | May 7, 2025 | $113M | +19% | 1.0% | −$1.7M | $12.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Bowman Consulting Group
Bowman is a professional services firm delivering integrated engineering, technical consulting and program management services to customers who own, develop, and maintain the built environment. We provide planning, engineering, program management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement and other infrastructure management services to customers operating in a diverse set of end markets. Over the approximately 5 years since our IPO, we have experienced a more than four-fold increase in gross contract revenue to $490 million for the year ended December 31, 2025 (we interchangeably refer to gross contract revenue as "revenue"). We have achieved this increase in revenue through both organic growth and acquisitions.
In its own words, from its 10-K, filed Mar 5, 2026.
Bowman Consulting Group against its Services-Management Consulting Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +7%. Operating margin: 2.3% against the peers' median 8.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BWMN Bowman Consulting Group | Q3 2026 | $149M | +18% | 2.3% |
| BAH Booz Allen Hamilton Holding | Q2 FY27 | $2.8B | -4% | 8.8% |
| G Genpact | Q3 2026 | $1.4B | +7% | 15.2% |
| ASTH Astrana Health | Q3 2026 | $1.0B | +7% | 3.9% |
| FCN FTI Consulting | Q3 2026 | $1.0B | +6% | 8.9% |
| HURN Huron Consulting Group | Q3 2026 | $491M | +11% | 12.0% |
| ICFI ICF International | Q3 2026 | $470M | +1% | 9.3% |
| ONT Onterris | Q3 2026 | $203M | -10% | 6.0% |
| EXPO Exponent | Q3 2026 | $174M | +18% | 24.1% |
Source: Bowman Consulting Group 10-Q on SEC EDGAR · CIK 1847590 · Services-Management Consulting Services
Guidance and outlook
13F: who owns BWMN and who is buying
More on BWMN
- How Bowman Consulting Group makes money: revenue by segment
- Bowman Consulting Group stock forecast, price target and fair value
- Who owns Bowman Consulting Group stock: holders, funds and Congress trades
- Bowman Consulting Group guidance and outlook
- Is Bowman Consulting Group a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results