MANH financial statements

The full income statement, balance sheet, and cash-flow statement for Manhattan Associates Inc. (MANH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 61.2M2024-09 61.1M2024-12 61.1M2025-03 60.7M2025-06 60.5M2025-09 60.3M2025-12 59.8M2026-03 59.2M2026-06 58.3M-4.8% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	1.08B YoY+3.7%	1.04B YoY+12.2%	929M YoY+21.1%	767M YoY+15.6%	664M YoY+13.2%
Cost of revenue	472M YoY+0.3%	471M YoY+9.4%	431M YoY+20.2%	358M YoY+20.3%	298M YoY+10.4%
Research & development	145M YoY+5.4%	138M YoY+8.6%	127M YoY+13.4%	112M YoY+14.6%	97.6M YoY+15.8%
Selling, general & administrative	93.8M YoY+4.4%	89.8M YoY+10.6%	81.2M YoY+11.1%	73.1M YoY+7.3%	68.1M YoY+10.8%
General & administrative	93.8M YoY+4.4%	89.8M YoY+10.6%	81.2M YoY+11.1%	73.1M YoY+7.3%	68.1M YoY+10.8%
Selling & marketing	81.2M YoY+6.8%	76.0M YoY+2.0%	74.5M YoY+15.4%	64.5M YoY+11.5%	57.9M YoY+21.1%
Restructuring	2.94M	—	—	—	—
Provision for credit losses	—	—	—	5.40M YoY+116.0%	2.50M YoY-28.6%
Operating income	280M YoY+7.0%	262M YoY+24.6%	210M YoY+37.4%	153M YoY+13.7%	134M YoY+17.8%
Net interest income	4.39M YoY-27.2%	6.03M YoY+13.7%	5.30M YoY+789.9%	596K YoY+776.5%	68.0K YoY-30.6%
Other non-operating income	1.71M YoY+310.2%	-811K YoY+46.4%	-1.51M YoY-131.4%	4.83M YoY+1566.6%	-329K YoY+14.1%
Pre-tax income	286M YoY+7.2%	267M YoY+24.9%	214M YoY+35.1%	158M YoY+17.9%	134M YoY+17.8%
Income tax	65.9M YoY+36.1%	48.5M YoY+30.6%	37.1M YoY+27.2%	29.2M YoY+23.6%	23.6M YoY-11.1%
Net income	220M YoY+0.7%	218M YoY+23.7%	177M YoY+36.9%	129M YoY+16.7%	110M YoY+26.6%
	$3.60 YoY+2.6%	$3.51 YoY+24.5%	$2.82 YoY+38.9%	$2.03 YoY+18.0%	$1.72 YoY+26.5%
EPS (basic)	$3.64 YoY+2.2%	$3.56 YoY+24.5%	$2.86 YoY+39.5%	$2.05 YoY+17.8%	$1.74 YoY+27.0%
	60.5M YoY-1.4%	61.3M YoY-0.8%	61.8M YoY-1.5%	62.8M YoY-1.1%	63.4M YoY-0.1%
	61.1M YoY-1.8%	62.2M YoY-0.7%	62.6M YoY-1.3%	63.4M YoY-1.4%	64.3M YoY-0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	583M YoY+15.9%	503M YoY+5.0%	479M YoY+15.4%	415M YoY+1.7%	408M YoY+22.3%
Cash & equivalents	329M YoY+23.5%	266M YoY-1.7%	271M YoY+20.1%	225M YoY-14.5%	264M YoY+28.8%
Accounts receivable	215M YoY+4.5%	205M YoY+13.4%	181M YoY+8.6%	167M YoY+34.0%	124M YoY+13.9%
Prepaid expenses	39.9M YoY+26.5%	31.6M YoY+15.7%	27.3M YoY+17.8%	23.1M YoY+14.1%	20.3M YoY+0.8%
Other current assets	6.15M YoY+48.6%	4.14M YoY-20.3%	5.20M YoY+43.7%	3.61M YoY+462.1%	643K YoY-81.9%
	839M YoY+10.8%	758M YoY+12.5%	673M YoY+18.1%	570M YoY+5.6%	540M YoY+16.0%
Property, plant & equipment	23.1M YoY+65.5%	14.0M YoY+18.4%	11.8M YoY-7.9%	12.8M YoY-7.8%	13.9M YoY-22.4%
Operating lease right-of-use	50.4M YoY+5.3%	47.9M YoY+121.4%	21.6M YoY+21.6%	17.8M YoY-34.8%	27.3M YoY-13.3%
Goodwill	62.2M YoY+0.0%	62.2M YoY-0.0%	62.2M YoY+0.0%	62.2M YoY-0.0%	62.2M YoY-0.0%
Long-term investments	—	—	—	0.00	0.00
Deferred tax assets	75.9M YoY-19.7%	94.5M YoY+43.1%	66.0M YoY+77.5%	37.2M YoY+386.4%	7.65M YoY+32.8%
Other non-current assets	44.3M YoY+24.3%	35.7M YoY+9.9%	32.4M YoY+31.0%	24.8M YoY+22.4%	20.2M YoY+44.7%
	456M YoY+13.9%	400M YoY+9.4%	366M YoY+15.9%	316M YoY+26.7%	249M YoY+26.4%
Accounts payable	22.2M YoY-16.7%	26.6M YoY+8.6%	24.5M YoY-4.6%	25.7M YoY+31.0%	19.6M YoY+10.2%
Deferred revenue	337M YoY+21.3%	278M YoY+16.9%	238M YoY+13.9%	209M YoY+36.3%	153M YoY+34.2%
Current lease liability	4.88M YoY+38.3%	3.53M YoY-45.1%	6.43M YoY+7.8%	5.96M YoY-12.5%	6.81M YoY+3.7%
Other current liabilities	—	—	—	—	22.7M
Non-current lease liability	56.2M YoY+17.5%	47.8M YoY+170.1%	17.7M YoY+25.8%	14.1M YoY-39.3%	23.2M YoY-16.8%
Operating lease liability (total)	61.1M YoY+19.0%	51.3M YoY+112.8%	24.1M YoY+20.4%	20.0M YoY-33.2%	30.0M YoY-12.9%
Other non-current liabilities	12.5M YoY+21.3%	10.3M YoY-9.9%	11.5M YoY-16.4%	13.7M YoY-18.7%	16.9M YoY-22.2%
	315M YoY+5.2%	299M YoY+7.5%	278M YoY+22.7%	227M YoY-9.5%	251M YoY+14.5%
Common stock	598K YoY-1.8%	609K YoY-1.0%	615K YoY-1.0%	621K YoY-1.6%	631K YoY-0.6%
Retained earnings	345M YoY+4.8%	329M YoY+8.1%	305M YoY+20.1%	254M YoY-6.0%	270M YoY+14.1%
Accumulated other comprehensive income	-30.9M YoY-0.0%	-30.9M YoY-14.4%	-27.0M YoY+1.8%	-27.5M YoY-38.9%	-19.8M YoY-8.6%
Total liabilities & equity	839M YoY+10.8%	758M YoY+12.5%	673M YoY+18.1%	570M YoY+5.6%	540M YoY+16.0%
	59.8M YoY-1.8%	60.9M YoY-1.0%	61.6M YoY-1.0%	62.2M YoY-1.5%	63.2M YoY-0.6%
	59.8M YoY-1.8%	60.9M YoY-1.0%	61.6M YoY-1.0%	62.2M YoY-1.5%	63.2M YoY-0.6%
	59.8M YoY-2.1%	61.1M YoY-0.7%	61.6M YoY-1.5%	62.5M YoY-1.0%	63.2M YoY-1.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	389M YoY+32.0%	295M YoY+19.8%	246M YoY+37.1%	180M YoY-3.0%	185M YoY+31.4%
Depreciation & amortization	6.32M YoY+0.3%	6.30M YoY+9.5%	5.75M YoY-13.7%	6.66M YoY-15.8%	7.91M YoY-11.5%
Share-based compensation	111M YoY+19.4%	93.2M YoY+30.2%	71.6M YoY+20.6%	59.4M YoY+37.2%	43.3M YoY+29.7%
Deferred income taxes	18.3M YoY+163.9%	-28.7M YoY+0.5%	-28.8M YoY+2.9%	-29.7M YoY-1432.3%	-1.94M YoY-287.2%
Change in receivables	3.58M YoY-86.6%	26.7M YoY+104.1%	13.1M YoY-70.3%	44.1M YoY+164.6%	16.6M YoY+152.6%
	-15.5M YoY-78.2%	-8.68M YoY-83.4%	-4.73M YoY+28.2%	-6.59M YoY-64.0%	-4.02M YoY-47.1%
Capital expenditure	15.5M YoY+78.2%	8.68M YoY+83.4%	4.73M YoY-28.2%	6.59M YoY+64.0%	4.02M YoY+47.1%
Free cash flow	374M YoY+30.6%	286M YoY+18.6%	241M YoY+39.6%	173M YoY-4.5%	181M YoY+31.1%
Acquisitions	0.00	0.00	0.00	0.00	0.00
	-315M YoY-10.1%	-286M YoY-46.1%	-196M YoY+4.1%	-204M YoY-69.8%	-120M YoY-176.4%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	315M YoY+10.1%	286M YoY+46.1%	196M YoY-4.1%	204M YoY+69.8%	120M YoY+176.4%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Net change in cash	62.5M YoY+1485.9%	-4.51M YoY-110.0%	45.3M YoY+218.4%	-38.2M YoY-164.8%	59.0M YoY-37.3%
Income taxes paid	47.3M YoY-43.3%	83.4M YoY+23.8%	67.4M YoY+16.1%	58.0M YoY+99.0%	29.2M YoY+22.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	10.4B YoY-37.2%	16.5B YoY+24.6%	13.3B YoY+75.0%	7.57B YoY-22.9%	9.82B YoY+46.3%
P/E	47.2× YoY-37.7%	75.6× YoY-5.4%	80.0× YoY+17.9%	67.8× YoY-23.7%	88.9× YoY+15.6%
P/S	9.6× YoY-39.5%	15.8× YoY+6.2%	14.9× YoY+45.8%	10.2× YoY-30.9%	14.8× YoY+29.3%
P/B	33.0× YoY-40.3%	55.2× YoY-12.5%	63.1× YoY+65.0%	38.2× YoY-2.4%	39.2× YoY+27.8%
P/FCF	27.7× YoY-51.9%	57.7× YoY-9.5%	63.8× YoY+33.4%	47.8× YoY-11.8%	54.2× YoY+11.6%
	2.1% YoY+60.4%	1.3% YoY+5.8%	1.2% YoY-15.2%	1.5% YoY+31.0%	1.1% YoY-13.5%
	3.6% YoY+108.0%	1.7% YoY+10.5%	1.6% YoY-25.0%	2.1% YoY+13.4%	1.8% YoY-10.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MANH's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MANH filings on SEC EDGAR → Not investment advice.