Bowman Consulting Group delivered double-digit second-quarter growth and reaffirmed its 2026 guidance, while a separate agreement to be acquired by Bernhard Capital Partners shifts investor attention toward the pending all-cash transaction.
Key Investor Takeaways – Bowman Consulting Group (NASDAQ:BWMN) reported Q2 2026 net service billing growth of 19.4% to $129.0 million, including 12.7% organic growth. – Adjusted EBITDA increased 19.2% to $24.1 million, while adjusted EBITDA margin remained at 18.7%. – Gross backlog surged 50.3% year over year to $658.7 million, providing greater visibility into future project activity. – Profitability and cash generation were mixed: net income declined to $2.5 million from $6.0 million, while operations used $7.9 million of cash. – BWMN has separately agreed to be acquired by Bernhard Capital Partners for $43.00 per share in cash, making transaction completion a major focus alongside underlying operating performance
Why BWMN Stock Is in Focus Bowman Consulting Group (NASDAQ:BWMN) reported strong Q2 2026 revenue growth and a sharply higher backlog while maintaining its full-year outlook. Gross contract revenue increased 19.7% year over year to $146.1 million, while net service billing rose 19.4% to $129.0 million. Organic net service billing growth accelerated to 12.7% from 8.4% in the comparable period.
Adjusted EBITDA climbed 19.2% to $24.1 million, with the adjusted EBITDA margin holding at 18.7%. Gross backlog reached $658.7 million, up 50.3% from $438.2 million a year earlier. The headline growth was accompanied by weaker bottom-line results.