Manhattan Associates, Inc. (MANH) Financial Statements

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Manhattan Associates financial statements at a glance

Manhattan Associates reported revenue of $1.08 billion for fiscal year 2025 (ended December 31, 2025), up 4.0% from fiscal year 2024. Net income was $219.95 million, a net margin of 20.3%, and diluted earnings per share were $3.60.

At the end of fiscal year 2025 it had total assets of $839.39 million, total liabilities of $524.62 million and shareholders' equity of $314.77 million, with cash and short-term investments of $328.75 million and total debt of $56.18 million.

Its operations brought in $389.47 million of cash; capital spending was $15.46 million, leaving free cash flow of $374.01 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

MANH logo

Manhattan Associates, Inc.

MANHUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
1.08B
Prev Year: 1.04B
YoY: +4.0%
Operating Revenue
1.08B
Prev Year: 1.04B
YoY: +4.0%
Tax Effect of Unusual Items
-678.4K
Prev Year: 0
Weighted Average Shares (diluted)
61.05M
Prev Year: 62.18M
YoY: -1.8%
Weighted Average Shares (basic)
60.47M
Prev Year: 61.30M
YoY: -1.3%
Diluted EPS
3.6
Prev Year: 3.51
YoY: +2.6%
Basic EPS
3.64
Prev Year: 3.56
YoY: +2.2%
Cost of Revenue
472.34M
Prev Year: 470.98M
YoY: +0.3%
Gross Profit
609.05M
Prev Year: 571.37M
YoY: +6.6%
Operating Expense
326.32M
Prev Year: 309.78M
YoY: +5.3%
Selling General and Administrative
174.94M
Prev Year: 165.79M
YoY: +5.5%
General and Administrative Expense
93.76M
Prev Year: 89.81M
YoY: +4.4%
Other General and Administrative
93.76M
Prev Year: 89.81M
YoY: +4.4%
Selling and Marketing Expense
81.17M
Prev Year: 75.98M
YoY: +6.8%
Research and Development
145.06M
Prev Year: 137.69M
YoY: +5.4%
Depreciation Amortization Depletion
6.32M
Prev Year: 6.30M
YoY: +0.3%
Depreciation and amortization
6.32M
Prev Year: 6.30M
YoY: +0.3%
Operating Income
282.74M
Prev Year: 261.60M
YoY: +8.1%
Net Non Operating Interest Income Expense
4.39M
Prev Year: 6.03M
YoY: -27.2%
Non-operating Interest Income
4.39M
Prev Year: 6.03M
YoY: -27.2%
Other Income Expense
-1.23M
Prev Year: 0
Special Income Charges
-2.94M
Gain on Sale of Securities
-
Restructuring and Mergers Acquisition
2.94M
Other Non-operating Income (expense)
1.71M
Prev Year: 0
Pre-tax Income
285.89M
Prev Year: 266.81M
YoY: +7.2%
Provision for Income Taxes
65.95M
Prev Year: 48.45M
YoY: +36.1%
Net Income Common Stockholders
219.95M
Prev Year: 218.36M
YoY: +0.7%
Net Income
219.95M
Prev Year: 218.36M
YoY: +0.7%
Net Income Including Non-Controlling Interests
219.95M
Prev Year: 218.36M
YoY: +0.7%
Net Income from Continuing Operations
219.95M
Prev Year: 218.36M
YoY: +0.7%
Diluted NI Available to Com Stockholders
219.95M
Prev Year: 218.36M
YoY: +0.7%
Total Operating Income as Reported
279.80M
Prev Year: 261.60M
YoY: +7.0%
Total Expenses
798.65M
Prev Year: 780.76M
YoY: +2.3%
Net Income from Continuing and Discontinued Operation
219.95M
Prev Year: 218.36M
YoY: +0.7%
Normalized Income
222.21M
Prev Year: 218.36M
YoY: +1.8%
Interest Income
4.39M
Prev Year: 6.03M
YoY: -27.2%
Net Interest Income
4.39M
Prev Year: 6.03M
YoY: -27.2%
EBIT
282.74M
Prev Year: 261.60M
YoY: +8.1%
EBITDA
289.05M
Prev Year: 267.90M
YoY: +7.9%
Reconciled Cost of Revenue
472.34M
Prev Year: 470.98M
YoY: +0.3%
Reconciled Depreciation
6.32M
Prev Year: 6.30M
YoY: +0.3%
Net Income from Continuing Operation Net Minority Interest
219.95M
Prev Year: 218.36M
YoY: +0.7%
Total Unusual Items Excluding Goodwill
-2.94M
Total Unusual Items
-2.94M
Normalized EBITDA
291.99M
Prev Year: 267.90M
YoY: +9.0%
Tax Rate for Calcs
0.231
Prev Year: 0.18
YoY: +28.3%
Values in USD

Manhattan Associates key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$1.1B$1.0B$928.7M$767.1M$663.6M
Gross profit$609.1M$571.4M$498.1M$408.9M$365.8M
Operating income$282.7M$261.6M$209.9M$152.7M$134.3M
Net income$219.9M$218.4M$176.6M$129.0M$110.5M
Diluted EPS$3.60$3.51$2.82$2.03$1.72
Total assets$839.4M$757.6M$673.4M$570.2M$539.7M
Total liabilities$524.6M$458.4M$395.1M$343.4M$289.1M
Shareholders' equity$314.8M$299.1M$278.3M$226.8M$250.6M
Cash and short-term investments$328.7M$266.2M$270.7M$225.5M$263.7M
Total debt$56.2M$47.8M$17.7M$14.1M$23.2M
Operating cash flow$389.5M$295.0M$246.2M$179.6M$185.2M
Capital spending$15.5M$8.7M$4.7M$6.6M$4.0M
Free cash flow$374.0M$286.3M$241.5M$173.0M$181.2M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Manhattan Associates's revenue in fiscal year 2025?

$1.08 billion, up 4.0% from $1.04 billion in fiscal year 2024.

How much profit does Manhattan Associates make?

Manhattan Associates reported net income of $219.95 million for fiscal year 2025 (20.3% of revenue); operating income was $282.74 million.

How much cash and debt does Manhattan Associates have?

At the end of fiscal year 2025: cash and short-term investments of $328.75 million and total debt of $56.18 million.

What is Manhattan Associates's free cash flow?

$374.01 million in fiscal year 2025 (operating cash flow of $389.47 million minus capital spending of $15.46 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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