鲍姆咨询集团有限公司2025年季度报告

ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number:001-40371 (State or other jurisdiction ofincorporation or organization)12355 Sunrise Valley Drive,Suite 520 Reston,Virginia Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated fileroAccelerated filerxNon-accelerated fileroSmaller reporting companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o For the Three Months Ended March31, 2025 and 2024(Amounts in thousands except per share data)(Unaudited) Balance at January 1, 2024 Issuance of new common sharesPurchase of treasury stock –––(163,082)(5,732)–––Issuance of new common shares under stockcompensation plan349,1513(3)–––––Cancellation of shares under stock compensation(22,855)–––––––Issuance of new common shares under employeestock purchase plan15,099–466–––––Stock based compensation––6,425–––––Collection on stock subscription notes receivable––––––10–Exercises of conversion feature of convertible note48,0011671––––– Issuance of new common shares39,3471969–––––Purchase of treasury stock–––(103,086)(2,575)–––Issuance of new common shares under stockcompensation plan131,5881(1)––––– Issuance of new common shares under employeestock purchase planStock based compensation ––4,557–––––Collections on stock subscription notes receivable––––––11–Exercises of conversion feature of convertible note31,007–433––––– Repurchases of common stock–––(162,929)(4,103)––––––––––(1,744)Balance at March 31, 202521,502,214$215$335,514(4,165,124)$(67,579)$1,114$(19)$(25,130)$244,115 5 (Amounts in thousands)(Unaudited) 2025Cash Flows from Operating Activities: Amortization of intangible assetsGain on sale of assets Stock based compensation Deferred taxesAccretion of discounts on notes payable Contract assets Prepaid expenses and other assets615Accounts payable and accrued expenses14,885Contract liabilities3,788Net cash provided by operating activities12,034Cash Flows from Investing Activities:Purchases of property and equipment(1,043)Fixed assets converted to lease financing– Net cash used in investing activities(1,744)Cash Flows from Financing Activities: Repayment under notes payablePayments on finance leases Payment of contingent consideration from acquisitions(1,016)Payments for purchase of treasury stock(2,574)Repurchases of common stock(4,103) Cash and cash equivalents, end of period$10,700$Supplemental disclosures of cash flow information:Cash paid for interest$2,028$$10$ Issuance of notes payable for acquisitions$(2,056)$Settlement of contingent consideration$1,968$ (Unaudited) 1.Nature of Business and Basis of PresentationNature of Business Bowman is a professional services firm delivering innovative solutions to the marketplace of customers who own, develop and maintain thebuilt environment. Within that arena, we provide planning, design, engineering, geospatial, survey, construction management, environmental consulting and land procurement services to markets that encompass the buildings in which people live, work and learn in; as well as thesystems that provide water, electricity and other vital services, and the roads, bridges, and transportation systems used to get from place to The Company’s workforce typically provides the full scope of engineering and other contract services. However, with respect to certain specialty services or other compliance requirements within a particular contract, we may engage third-party sub-consultants. On April 1, 2024, the Company closed on an offering of common stock in which it issued and sold1,323,530shares at an offeringprice of $34.00per share, resulting in net proceeds of $41.5million after deducting underwriting discounts and commissions, but before an offering price of $34.00per share, resulting in additional gross proceeds of approximately $6.1million. After giving effect to thisexercise of the overallotment option, the total number of shares sold by the Company in this common stock offering increased to1,502,942 shares with total gross proceeds of approximately $51.1million. The exercise of the over-allotment option closed on April 1, 2024, at whichtime the Company received net proceeds of $5.7million after underwriting discounts and commissions, bringing the total net proceeds fromthe common stock offering to $47.2million.Deferred offering costs consist primarily of accounting, legal and other fees associated with the common stock offering, and were The accompanying unaudite