Bowman raises 2026 revenue guidance above 20% growth after strong Q1 results and backlog surge

Bowman Consulting Group reported a 12% increase in Q1 2026 gross contract revenue to $126.5 million and a 15.8% rise in adjusted EBITDA to $16.8 million. Despite a net loss of $3.7 million, the company saw a 55.9% jump in backlog to $652.7 million, signaling strong future demand. Bowman raised its full-year 2026 revenue guidance to $520-$540 million, expecting over 20% growth, supported by acquisitions and increased market demand. The company plans to continue expanding services and improving margins through strategic investments and automation.