Bowman Consulting's Q1 2026: Record Growth & Massive Contract Award

Bowman Consulting Groups Q1 2026 earnings report is a resounding success, with double-digit growth in gross contract revenue, net service billing, and adjusted EBITDA, pushing backlog to a record $650 million. Organic execution and strategic acquisitions drove this growth, with strong demand across transportation, power, natural resources, and building infrastructure. Full-year guidance was raised to net revenue between $520 million and $540 million, over 20% growth, and adjusted EBITDA margins from 17.25% to 17.5%. Organic net service billing grew 6% year over year, led by natural resources at 16% and transportation at 13%. Power now accounts for 28% of revenue, while data centers more than doubled to over 6%. A slow start and mobilization costs slightly increased overhead, but these costs should decrease as a percentage moving forward. Adjusted EBITDA hit $16.8 million, up 14.7%, and cash from operations was $11.6 million. Investors are excited about the robust pipeline and Bowmans expertise in high-barrier sectors like energy and infrastructure. A massive government contract award is expected to boost natural resources, with revenue ramping in the second half of 2026 and beyond. Bowman is poised for sustained organic growth near 28% on EBITDA at midpoints, driven by backlog conversion, tech investments, and AI tools. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/963d920a3e8adfc1