Shares of Bowman Consulting Group Ltd. (BWMN) are soaring 5.86% in early trading on Thursday, following the release of its impressive second-quarter 2025 financial results. The engineering and infrastructure professional services firm reported record profitability and revenue, significantly surpassing Wall Street forecasts and raising its full-year guidance.
The company's Q2 performance was marked by several standout metrics. Gross contract revenue climbed 17% year-over-year to $122.1 million, exceeding the estimated $106.33 million. Notably, Bowman's net income swung to a positive $6.0 million, a substantial 386% increase from a $2.1 million loss in the same quarter last year. Non-GAAP diluted earnings per share reached $0.55, handily beating the analyst consensus of $0.23.
Further bolstering investor confidence, Bowman Consulting raised its full-year guidance. The company now expects net revenue of $430-$442 million and adjusted EBITDA of $71-$77 million, reflecting strong momentum across its key business lines. The robust Q2 results and optimistic outlook underscore Bowman's successful strategy of organic growth, margin improvement, and strategic acquisitions in high-growth sectors such as renewable energy and infrastructure modernization. With a 25% year-over-year growth in backlog and an 8.4% growth in Organic Net Service Billing, the company appears well-positioned for continued success in the coming quarters.