FOR IMMEDIATE RELEASE

Bowman Reports Results for Fourth Quarter and Full Year 2025; Raises 2026 Guidance

Reston, VA, March 4, 2026 -– Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, today announced record financial results for the fourth quarter and full year ended December 31, 2025. The company also raised net service billing guidance for 2026.

“We delivered a record year in 2025,” said Gary Bowman, founder and CEO of Bowman. “Our focus on execution, organic growth and strategic acquisition is evident in our results. With double-digit growth of organic net service revenue, more than 100 basis point increase in adjusted EBITDA margin, improved cash conversion and the completion of several consequential acquisitions, we entered 2026 with strong momentum in the business and confidence in our markets. We're well positioned for another breakout year as we continue to build on our successes.”

Fourth Quarter 2025 Compared to Fourth Quarter 2024 Financial Results:

•Gross contract revenue of $129.0 million compared to $113.2 million, a 14.0% increase

•Net service billing1 of $114.6 million compared to $98.6 million, a 16.2% increase

•Organic net service billing2 growth of 10.9% compared to 8.5%

•Net income of $2.0 million compared to $5.9 million4

•Basic and Diluted EPS of $0.11 compared to $0.34 and $0.33 respectively

•Adjusted EBITDA1 of $19.9 million compared to $17.0 million, a 17.1% increase

•Adjusted EBITDA margin, net 1 of 17.3% compared to 17.2%

•Adjusted Basic and Diluted EPS of $0.46 and $0.45 compared to $0.72 and $0.71 respectively

Full-Year 2025 Compared to Full-Year 2024 Financial Results:

•Gross contract revenue of $490.0 million compared to $426.6 million, a 14.9% increase

•Net service billing1 of $434.8 million compared to $379.7 million, a 14.5% increase

•Organic net service billing2 growth of 12.4% compared to 13.1%

•Net income of $12.8 million compared to $3.0 million

•Basic and Diluted EPS of $0.74 and $0.73 respectively compared to $0.18 and $0.17 respectively

•Adjusted EBITDA1 of $72.9 million compared to $59.5 million, a 22.5% increase

•Adjusted EBITDA margin, net 1 of 16.8% compared to 15.7%, a 110-bps increase

•Adjusted Basic and Diluted EPS of $1.72 and $1.68 compared to $1.23 and $1.20 respectively

•Gross backlog of $479.1 million compared to $399.0 million, a 20.1% increase

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Notable Events:

•On December 8, 2025, Bowman acquired RPT Alliance, a leading Houston-based designer of natural gas transmission and bridging power electrification infrastructure, significantly expanding Bowman’s power and utilities practice.

•On February 17, 2026, Gary Bowman announced his plan to retire as CEO in 2026. The Company’s Board of Directors is conducting a formal search process that includes both internal and external candidates. Mr. Bowman expects to serve as Senior Advisor upon the appointment of his successor.

•On March 3, 2026, the Company entered into a Third Amendment to Credit Agreement with its lenders. The amendment increased the maximum borrowing under the credit facility to $250 million from $210 million. In addition, certain other pricing conditions were modified to better reflect current market conditions.

Share Repurchases:

•During the three months ending December 31, 2025, the Company repurchased 272,885 shares of its common stock under its 2025 Share Repurchase Authorization at an average price of $34.25 for a total of $9.3 million.

•During the twelve months ending December 31, 2025, the Company repurchased 683,448 shares of its common stock under its 2024 and 2025 Share Repurchase Authorizations at an average price of $27.51 for a total of $18.8 million.

•Subsequent to year end, through February 28, 2026, the Company repurchased 159,177 shares of its common stock under its 2025 Share Repurchase Authorization at an average price of $34.11 for a total of $5.4 million.

CFO Commentary

"We are entering 2026 with financial strength, continued margin expansion and improving cash generation,” said Bruce Labovitz, CFO of Bowman. “Our leverage is manageable and our access to efficient growth capital remains high as evidenced by our lenders increasing our revolving debt facility to $250 million. We expect 2026 will be an exciting year of investment in organic growth. The initiatives we are undertaking in technology and innovation are aimed at improving efficiency, empowering data-driven analytics and advancing long-term client engagement. Our financial goals for 2026 remain consistent – grow responsibly, invest prudently, operate profitably, improve internally generated cash flow and generate above-market returns to our shareholders. As we look ahead to our next long-range revenue milestone, we are confident in our capital foundation and optimistic about our future."

Full Year 2026 Guidance

Bowman raised net revenue guidance for full year 2026:

Date Issued			Net Revenue			Adjusted EBITDA Margin
November 2025			$465 - $480 MM			17.0% - 17.5%
March 2026			$495 - $510 MM			17.0% - 17.5%

The current outlook for 2026 is based on completed and definitively contracted acquisitions as of the date of this release and does not include contributions from future acquisitions.

Conference Call Information

Bowman will host a conference call to discuss financial results tomorrow morning, March 5, 2026, at 9:00 a.m. ET. Access to a live webcast is available through the Investor Relations section of the Company’s website at investors.bowman.com.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm offering infrastructure engineering, technical services and project management solutions to owners and operators of the built environment. With over 2,300 employees and 135 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of

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regulated end markets. Bowman trades on Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

1 Non-GAAP financial metric the Company believes offers valuable perspective on results of operations (see non-GAAP tables below for reconciliations).

2 Organic growth for the three months ended 12/31/25 excludes revenue from acquisitions completed after December 31, 2025. Year over year growth rates only reflect revenue realized post-acquisition.

3 Basic Adjusted EPS and Diluted Adjusted EPS are all non-GAAP financial metrics the Company believes offer valuable perspectives on results of operations (see non-GAAP tables below for reconciliations). Adjusted EPS (Basic and Diluted) include addbacks for non-reoccurring expenses specific to acquisitions, non-cash stock compensation expense associated with pre-IPO grants, and other expenses not in the ordinary course of business. With respect to the elimination of any non-cash stock compensation expense, the Company computes an adjusted tax expense or benefit which accounts for the elimination of any periodic windfall or shortfall tax effects resulting from the difference between grant date fair value and vest date value. With respect to all other eliminations, the Company applies its average marginal statutory tax rate, currently 25.8%, to derive the tax adjustment associated with the elimination of expenses. A reconciliation of non-GAAP Adjusted EPS to GAAP EPS, both basic and diluted, is included with this press release for reference.

4 Prior period net income was impacted by a one-time $5.4 million tax benefit.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will,” “goal” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to several assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. Considering these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements after the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Investor Relations Contact:

Betsy Patterson

ir@bowman.com

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BOWMAN CONSULTING GROUP LTD.

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands except per share data)

			December 31, 2025						December 31, 2024
ASSETS
Current Assets
Cash and cash equivalents			$    11,066						$    6,698
Accounts receivable, net			130,634						105,105
Contract assets			53,512						43,369
Notes receivable - officers, employees, affiliates, current portion			13						1,889
Prepaid and other current assets			17,730						19,560
Total current assets			212,955						176,621
Non-Current Assets
Property and equipment, net			49,206						42,011
Operating lease, right-of-use assets			45,822						42,085
Goodwill			173,579						134,653
Notes receivable, less current portion			903						903
Notes receivable - officers, employees, affiliates, less current portion			1,108						638
Other intangible assets, net			88,580						65,409
Deferred tax asset			5,822						42,040
Other assets			1,707						1,521
Total Assets			$    579,682						$    505,881
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Revolving credit facility			95,350						37,000
Accounts payable and accrued liabilities, current portion			60,035						51,626
Contract liabilities			10,965						7,905
Notes payable, current portion			22,698						17,075
Operating lease obligation, current portion			11,951						10,979
Finance lease obligation, current portion			13,735						10,394
Total current liabilities			214,734						134,979
Non-Current Liabilities
Other non-current obligations			377						45,079
Notes payable, less current portion			34,313						19,992
Operating lease obligation, less current portion			40,430						37,058
Finance lease obligation, less current portion			23,718						17,940
Pension and post-retirement obligation, less current portion			4,726						4,718
Deferred tax liability			279						-
Total liabilities			$    318,577						$    259,766
Shareholders' Equity
Preferred Stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and December 31, 2024			-						-
Common stock, $0.01 par value; 30,000,000 shares authorized as of December 31, 2025 and December 31, 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 December 31, 2024, respectively			220						213
Additional paid-in-capital			355,458						329,073
Accumulated other comprehensive income			895						1,146
Treasury stock, at cost; 4,778,341 and 3,899,109 shares, respectively			(84,931)						(60,901)
Stock subscription notes receivable			-						(30)
Accumulated deficit			(10,537)						(23,386)
Total shareholders' equity			$    261,105						$    246,115
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			$    579,682						$    505,881

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BOWMAN CONSULTING GROUP LTD.

CONSOLIDATED INCOME STATEMENTS

(Amounts in thousands except per share data)

			For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
			2025						2024						2025						2024
Gross Contract Revenue			$    128,964						$    113,224						$    490,017						$    426,564
Contract costs: (exclusive of depreciation and amortization below)
Direct payroll costs			43,718						38,446						173,242						156,866
Sub-consultants and expenses			14,316						14,602						55,234						46,895
Total contract costs			58,034						53,048						228,476						203,761
Operating Expenses:
Selling, general and administrative			59,622						51,591						215,062						197,452
Depreciation and amortization			7,608						7,256						27,559						27,828
(Gain) on sale of assets, net			(488)						(84)						(740)						(477)
Total operating expenses			66,742						58,763						241,881						224,803
Income (loss) from operations			4,188						1,413						19,660						(2,000)
Other expense			2,738						946						8,502						6,946
Income (loss) before tax benefit			1,450						467						11,158						(8,946)
Income tax benefit			(516)						(5,437)						(1,691)						(11,980)
Net income			$    1,966						$    5,904						$    12,849						$    3,034
Earnings allocated to non-vested shares			88						396						621						230
Net income attributable to common shareholders			$    1,878						$    5,508						$    12,228						$    2,804
Earnings per share
Basic			$    0.11						$    0.34						$    0.74						$    0.18
Diluted			$    0.11						$    0.33						$    0.73						$    0.17
Weighted average shares outstanding:
Basic			16,494,423						16,345,248						16,414,804						15,754,344
Diluted			16,875,942						16,696,194						16,747,198						16,132,023

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BOWMAN CONSULTING GROUP LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

			For the Twelve Months Ended December 31,
			2025						2024
Cash Flows from Operating Activities:
Net income			$    12,849						$    3,034
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization - property, plant and equipment			17,204						14,463
Amortization of intangible assets			10,347						13,982
Gain on sale of assets			(909)						(477)
Credit losses			1,646						1,552
Stock based compensation			18,751						25,727
Deferred taxes			36,497						(20,005)
Accretion of discounts on notes payable			1,091						483
Changes in operating assets and liabilities
Accounts receivable			(23,074)						(9,282)
Contract assets			(8,849)						(4,068)
Prepaid expenses and other assets			3,226						(5,702)
Accounts payable and accrued expenses			(33,675)						7,647
Contract liabilities			723						(3,053)
Net cash provided by operating activities			35,827						24,301
Cash Flows from Investing Activities:
Purchases of property and equipment			(2,393)						(626)
Proceeds from sale of assets and disposal of leases			1,028						478
Payments received under loans to shareholders			–						11
Payments received under notes receivable			1,152						–
Capitalized internal-use software development costs			(370)						–
Purchases of intangible assets			–						(2,925)
Acquisitions of businesses, net of cash acquired			(35,207)						(24,450)
Collections under stock subscription notes receivable			30						46
Net cash used in investing activities			(35,760)						(27,466)
Cash Flows from Financing Activities:
Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs			–						47,151
Borrowings (Repayments) under revolving credit facility			58,350						(8,290)
Repayments under fixed line of credit			–						(345)
Proceeds from notes payable			–						6,209
Repayment under notes payable			(17,627)						(16,267)
Proceeds from finance leases			–						4,569
Payments on finance leases			(12,808)						(9,010)
Payment of contingent consideration from acquisitions			(1,383)						(2,299)
Payments for purchase of treasury stock			(5,224)						(11,143)
Repurchases of common stock			(18,806)						(23,348)
Proceeds from issuance of common stock			1,799						1,949
Net cash provided by (used in) financing activities			4,301						(10,824)
Net increase (decrease) in cash and cash equivalents			4,368						(13,989)
Cash and cash equivalents, beginning of period			6,698						20,687
Cash and cash equivalents, end of period			$    11,066						$    6,698
Supplemental disclosures of cash flow information:
Cash paid for interest			$    7,712						$    6,555
Cash paid for income taxes			$    702						$    8,454
Non-cash investing and financing activities
Property and equipment acquired under finance lease			$    (22,302)						$    (11,851)
Note payable converted to common shares			$    (1,790)						$    (3,368)
Issuance of notes payable for acquisitions			$    (36,536)						(21,625)
Issuance of contingent considerations			$    –						(2,030)
Settlement of contingent consideration			$    3,004						1,868

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BOWMAN CONSULTING GROUP LTD.

RECONCILIATION OF EPS TO ADJUSTED EPS

(Amounts in thousands except per share data)

						For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
						2025						2024						2025						2024
Net income (GAAP)						$    1,966						$    5,904						$    12,849						$    3,034
+ income tax benefit (GAAP)						(516)						(5,437)						(1,691)						(11,980)
Income (loss) before tax expense (GAAP)						$    1,450						$    467						$    11,158						$    (8,946)
+ acquisition related expenses						862						2,078						3,251						6,426
+ amortization of intangibles						2,861						3,133						10,347						13,982
+ non-cash stock comp related to pre-IPO						169						907						1,162						4,381
+ other non-core expenses						3,289						234						4,905						3,000
Adjusted income before tax expense						$    8,631						$    6,819						$    30,823						$    18,843
Adjusted income tax expense (benefit)						697						(5,904)						1,212						(2,113)
Adjusted net income						$    7,934						$    12,723						$    29,611						$    20,956
Adjusted earnings allocated to non-vested shares						357						940						1,431						1,590
Adjusted net income attributable to common shareholders						$    7,577						$    11,783						$    28,180						$    19,366
Earnings per share (GAAP)
Basic						$    0.11						$    0.34						$    0.74						$    0.18
Diluted						$    0.11						$    0.33						$    0.73						$    0.17
Adjusted earnings per share (Non-GAAP)
Basic						$    0.46						$    0.72						$    1.72						$    1.23
Diluted						$    0.45						$    0.71						$    1.68						$    1.20
Weighted average shares outstanding
Basic						16,494,423						16,345,248						16,414,804						15,754,344
Diluted						16,875,942						16,696,194						16,747,198						16,132,023
Basic Adjusted Earnings Per Share Summary - Non-GAAP						For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
						2025						2024						2025						2024
Earnings per share (GAAP)						$    0.11						$    0.34						$    0.74						$    0.18
Pre-tax basic per share adjustments						$    0.41						$    0.08						$    1.14						$    1.03
Adjusted earnings per share before tax expense						$    0.52						$    0.42						$    1.88						$    1.21
Income tax expense (benefit) per share adjustment						$    0.04						$    (0.36)						$    0.07						$    (0.13)
Adjusted earnings per share - adjusted net income						$    0.48						$    0.78						$    1.81						$    1.34
Adjusted earnings per share allocated to non-vested shares						$    0.02						$    0.06						$    0.09						$    0.11
Adjusted earnings per share attributable to common shareholders						$    0.46						$    0.72						$    1.72						$    1.23
Diluted Adjusted Earnings Per Share Summary - Non-GAAP						For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
						2025						2024						2025						2024
Earnings per share (GAAP)						$    0.11						$    0.33						$    0.73						$    0.17
Pre-tax diluted per share adjustments						$    0.40						$    0.08						$    1.11						$    1.00
Adjusted earnings per share before tax expense						$    0.51						$    0.41						$    1.84						$    1.17
Income tax expense (benefit) per share adjustment						$    0.04						$    (0.35)						$    0.07						$    (0.13)
Adjusted earnings per share - adjusted net income						$    0.47						$    0.76						$    1.77						$    1.30
Adjusted earnings per share allocated to non-vested shares						$    0.02						$    0.05						$    0.09						$    0.10
Adjusted earnings per share attributable to common shareholders						$    0.45						$    0.71						$    1.68						$    1.20

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BOWMAN CONSULTING GROUP LTD.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(Amounts in thousands except per share data)

Combined Statement of Operations Reconciliation						For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
						2025						2024						2025						2024
Gross contract revenue						$    128,964						$    113,224						$    490,017						$    426,564
Contract costs (exclusive of depreciation and amortization)						58,034						53,048						228,476						203,761
Operating expense						66,742						58,763						241,881						224,803
Income (loss) from operations						4,188						1,413						19,660						(2,000)
Other expense						2,738						946						8,502						6,946
Income tax benefit						(516)						(5,437)						(1,691)						(11,980)
Net income						$    1,966						$    5,904						$    12,849						$    3,034
Net margin						1.5    %						5.2    %						2.6    %						0.7    %
Other financial information 1
Net service billing						$    114,648						$    98,622						$    434,783						$    379,669
Adjusted EBITDA						19,865						17,012						72,859						59,520
Adjusted EBITDA margin, net						17.3    %						17.2    %						16.8    %						15.7    %
Gross Contract Revenue to Net Service Billing Reconciliation						For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
						2025						2024						2025						2024
Gross contract revenue						$    128,964						$    113,224						$    490,017						$    426,564
Less: sub-consultants and other direct expenses						14,316						14,602						55,234						46,895
Net service billing						$    114,648						$    98,622						$    434,783						$    379,669
Adjusted EBITDA Reconciliation						For the Three Months Ended December 31,												For the Twelve Months Ended December 31,
						2025						2024						2025						2024
Net service billing						$    114,648						$    98,622						$    434,783						$    379,669
Net income						$    1,966						$    5,904						$    12,849						$    3,034
+ interest expense						2,634						2,107						9,247						7,951
+ depreciation & amortization						7,608						7,256						27,559						27,828
+ income tax benefit						(516)						(5,437)						(1,691)						(11,980)
EBITDA						$    11,692						$    9,830						$    47,964						$    26,833
+ non-cash stock compensation						4,568						5,455						18,810						25,841
+ settlements and other non-core expenses						3,289						234						4,905						3,000
+ acquisition expenses						316						1,493						1,180						3,846
Adjusted EBITDA						$    19,865						$    17,012						$    72,859						$    59,520
Adjusted EBITDA margin, net						17.3    %						17.2    %						16.8    %						15.7    %

1 Non-GAAP financial metrics the Company believes offer valuable perspective on results of operations. See Non-GAAP tables below for reconciliations.

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BOWMAN CONSULTING GROUP LTD.

GROSS CONTRACT REVENUE COMPOSITION

(Unaudited)

(dollars in thousands)			For the Three Months Ended December 31,
Consolidated Gross Contract Revenue			2025%						2024%						Change			% Change
Building Infrastructure1			54,804			42.5    %			49,955			44.1    %			4,849			9.7    %
Transportation			29,099			22.6    %			27,476			24.3    %			1,623			5.9    %
Power, Utilities & Energy1			30,104			23.3    %			22,854			20.2    %			7,250			31.7    %
Natural Resources2			14,957			11.6    %			12,939			11.4    %			2,018			15.6    %
Total			128,964			100.0    %			113,224			100.0    %			15,740			13.9    %
Acquired3			5,791			4.5    %			14,103			12.5    %			(8,312)			(58.9)    %
(dollars in thousands)			For the Twelve Months Ended December 31,
Consolidated Gross Contract Revenue			2025%						2024%						Change			% Change
Building Infrastructure1			220,233			44.9    %			205,075			48.0    %			15,158			7.4    %
Transportation			103,709			21.2    %			87,746			20.6    %			15,963			18.2    %
Power, Utilities & Energy1			109,841			22.4    %			89,547			21.0    %			20,294			22.7    %
Natural Resources2			56,234			11.5    %			44,196			10.4    %			12,038			27.2    %
Total			490,017			100.0    %			426,564			100.0    %			63,453			14.9    %
Acquired3			8,737			1.8    %			42,454			10.0    %			(33,717)			(79.4)    %

1 Includes periodic reclassifications of revenue between categories from prior periods for consistency of presentation. For the three and twelve months ended December 31, 2024, $4.1 million and $14.5 million, respectively, of data center revenue were reclassified from Building Infrastructure to Power & Utilities.

2 Formerly Emerging Markets which represents environmental, mining, water resources, imaging and mapping, and other.

3 Acquired revenue in prior periods as previously reported; four quarters post-closing, acquired revenue is thereafter reclassified as organic for the purpose of calculating organic growth rates.

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BOWMAN CONSULTING GROUP LTD.
ORGANIC GROWTH ANALYSIS
(Unaudited)
			For the Three Months Ended December 31,
(dollars in thousands)			2025%						2024%						Change			Organic +/-
Gross Revenue, Organic			123,173			100.0    %			113,224			100.0    %			9,949			8.8    %
Building Infrastructure			53,782			43.6    %			49,955			44.1    %			3,827			7.7    %
Transportation			29,047			23.6    %			27,476			24.3    %			1,571			5.7    %
Power, Utilities & Energy			25,486			20.7    %			22,854			20.2    %			2,632			11.5    %
Natural Resources			14,858			12.1    %			12,939			11.4    %			1,919			14.8    %
			For the Twelve Months Ended December 31,
(dollars in thousands)			2025%						2024%						Change			Organic +/-
Gross Revenue, Organic			481,280			100.0    %			426,564			100.0    %			54,716			12.8    %
Building Infrastructure			217,141			45.1    %			205,075			48.0    %			12,066			5.9    %
Transportation			103,633			21.5    %			87,746			20.6    %			15,887			18.1    %
Power, Utilities & Energy			104,381			21.7    %			89,547			21.0    %			14,834			16.6    %
Natural Resources			56,125			11.7    %			44,196			10.4    %			11,929			27.0    %
			For the Three Months Ended December 31,
(dollars in thousands)			2025%						2024%						Change			Organic +/-
Net Revenue, Organic			109,332			100.0    %			98,622			100.0    %			10,710			10.9    %
Building Infrastructure			50,387			46.1    %			46,107			46.7    %			4,280			9.3    %
Transportation			22,956			21.0    %			21,682			22.0    %			1,274			5.9    %
Power, Utilities & Energy			23,635			21.6    %			21,286			21.6    %			2,349			11.0    %
Natural Resources			12,354			11.3    %			9,547			9.7    %			2,807			29.4    %
			For the Twelve Months Ended December 31,
(dollars in thousands)			2025%						2024%						Change			Organic +/-
Net Revenue, Organic			426,774			100.0    %			379,669			100.0    %			47,105			12.4    %
Building Infrastructure			200,804			47.1    %			189,839			50.0    %			10,965			5.8    %
Transportation			83,907			19.7    %			69,074			18.2    %			14,833			21.5    %
Power, Utilities & Energy			95,351			22.3    %			84,133			22.2    %			11,218			13.3    %
Natural Resources			46,712			10.9    %			36,623			9.6    %			10,089			27.5    %

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BOWMAN CONSULTING GROUP LTD.

GROSS BACKLOG BY CATEGORY AT DECEMBER 31, 2025

(Unaudited)

Category			Percentage
Building Infrastructure1			33    %
Transportation			29    %
Power, Utilities & Energy1			24    %
Natural Resources			14    %
TOTAL			100    %

1 includes reclassification of data center effective June 30, 2025.