Bowman Consulting Group Ltd. published the transcript of its Fourth Quarter and Fiscal Year 2025 earnings call held on March 5, 2026. The call was attended by Founder, CEO and Director Gary P. Bowman, Executive VP and CFO Bruce J. Labovitz, and Executive VP and COO Daniel Swayze, along with analysts from Craig-Hallum, Baird, ROTH Capital Partners, B. Riley Securities, Texas Capital Securities, BofA Securities and JPMorgan. Management highlighted record 2025 performance and a stronger outlook entering 2026, citing double-digit growth in gross revenue, organic net revenue and adjusted EBITDA, as well as a record backlog of over $479 million. “We entered 2026 with a record backlog of over $479 million,” Bowman said, adding that the company’s book-to-burn ratio “continues to be over 1x.” Labovitz reported full-year 2025 gross revenue of $490 million and net revenue of $434.8 million, with backlog up 20% year over year to $479 million. He also discussed the company’s raised 2026 guidance to $495 million to $510 million of net revenue and an adjusted EBITDA margin of 17% to 17.5%, noting, “At the midpoint of our net revenue guidance, this represents approximately 16% absolute growth over last year.” The call also focused on the recently acquired RPT Alliance and its role in expanding Bowman’s LNG and midstream natural gas capabilities. Labovitz said integration is “well ahead of any other acquisition that we’ve done,” while Swayze added that RPT “puts us right into the whole midstream move of natural gas, feeding liquefied natural gas centers.” Management also emphasized continued investment in geospatial technology and digital offerings, including new imaging assets and the launch of PACK, a port asset conditions kit. The full transcript can be accessed through the link below.
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