Bowman Consulting Group Ltd 2026年季度报告

FORM 10-Q_____________________________________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40371 BOWMAN CONSULTING GROUP LTD. (Exact Name of Registrant as Specified in its Charter)_____________________________________________ Delaware(State or other jurisdiction ofincorporation or organization) (I.R.S. EmployerIdentification No.) 12355 Sunrise Valley Drive, Suite 520Reston, Virginia(Address of principal executive offices) Registrant’s telephone number, including area code: (703) 464-1000_____________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). YesNo 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. 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. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No As of May1, 2026, the registrant had 17,507,734 shares of common stock outstanding. Table of Contents PART I.FINANCIAL INFORMATION1Item 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets as of March 31, 2026and December 31, 20251Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and March 31,20252Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31,2026 and March 31, 20253Condensed Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2026 andMarch 31, 20254Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and March 31,20255Notes to Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures About Market Risk41Item 4.Controls and Procedures41PART II.OTHER INFORMATION42Item 1.Legal Proceedings42Item 1A.Risk Factors42Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42Item 3.Defaults Upon Senior Securities42Item 4.Mine Safety Disclosures42Item 5.Other Information43Item 6.Exhibits44Signatures45 PART I—FINANCIAL INFORMATION BOWMAN CONSULTING GROUP LTD.CONDENSED CONSOLIDATED INCOME STATEMENTS(Amounts in thousands except per share data)(Unaudited) The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. BOWMAN CONSULTING GROUP LTD.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands)(Unaudited) BOWMAN CONSULTING GROUP LTD.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1. Nature of Business and Basis of Presentation Nature of Business Bowman Consulting Group Ltd. and consolidated subsidiaries, (“Bowman” or “we” or the “Company”) incorporated in theCommonwealth of Virginia on June 5, 1995 and reincorporated in the State of Delaware on November 13, 2020. Bowman is a professionalservices firm delivering innovative solutions to the marketplace of customers who own, develop and maintain the built environment. Withinthat arena, we provide planning, design, engineering, geospatial, survey, construction management, environmental consulting and landprocurement services to markets that encompass the buildings in which people live, work and learn in; as well as the systems that providewater, electricity and other vital services, and the roads, bridges, and transportation systems used to get from place to place. We provideservices to customers through fixed-price and time-and-material based contracts containing multiple milestones and independently priceddeliverables. Typically, contract awards are on a negotiated basis, ranging in va