Manhattan Associates (MANH) Balance Sheet: Assets & Liabilities

Manhattan Associates (MANH) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Manhattan Associates reported total assets of $839.39M and total liabilities of $524.62M. Shareholders' equity was $314.76M, up 5.2% from $299.13M a year earlier. Total debt stood at $112.36M against $328.75M in cash and short-term investments, a net cash position of $216.39M. That puts debt-to-equity at 0.36, compared with 0.16 a year earlier.

Manhattan Associates Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Manhattan Associates, Inc. (MANH) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	328.75	266.23	270.74	225.46	263.71	204.71	110.68	99.13	125.52
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.44	0.00
Cash & Short-Term Investments	328.75	266.23	270.74	225.46	263.71	204.71	110.68	100.57	125.52
Accounts Receivable	214.68	205.48	181.17	166.77	124.42	109.20	100.94	100.11	92.23
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	39.91	4.14	5.20	3.61	17.70	20.13	20.43	14.71	10.32
Total Current Assets	583.34	503.26	479.19	415.38	408.42	334.04	232.04	215.38	228.07
Non-Current Assets
Property, Plant & Equipment (Net)	73.56	61.89	33.44	30.60	41.16	49.37	58.62	14.32	15.49
Goodwill	62.24	62.23	62.24	62.23	62.24	62.25	62.24	62.24	62.25
Other Non-Current Assets	44.34	35.66	32.45	24.77	27.89	13.99	12.57	9.77	7.30
Total Non-Current Assets	256.05	254.29	194.16	154.80	131.29	131.37	140.24	91.77	86.92
Total Assets	839.39	757.55	673.35	570.18	539.71	465.41	372.28	307.15	315.00
Current Liabilities
Accounts Payable	22.18	26.62	24.51	25.70	19.63	17.81	20.56	18.18	14.03
Accrued Liabilities	26.57	22.28	27.37	24.57	75.85	-	-	-	-
Deferred Revenue	337.05	277.97	237.79	208.81	153.20	114.16	94.37	81.89	75.07
Other Current Liabilities	95.88	94.46	3.03	79.04	0.38	63.14	65.32	41.65	27.93
Total Current Liabilities	455.91	400.30	365.92	315.60	249.04	196.99	181.60	145.26	124.26
Non-Current Liabilities
Long-Term Debt	112.36	47.79	17.69	14.07	23.16	27.84	32.42	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.05	0.07
Other Non-Current Liabilities	-43.65	10.33	11.47	13.72	16.87	21.69	15.95	14.69	15.72
Total Non-Current Liabilities	68.71	58.12	29.16	27.78	40.02	49.53	48.41	14.74	15.78
Total Liabilities	524.62	458.43	395.08	343.38	289.06	246.52	230.00	160.00	140.04
Stockholders' Equity
Common Stock	0.60	0.61	0.62	0.62	0.63	0.64	0.64	0.65	0.68
Retained Earnings	345.10	329.44	304.70	253.71	269.84	236.52	159.49	163.36	186.12
Accumulated Other Comprehensive Income	-30.93	-30.92	-27.04	-27.53	-19.83	-18.26	-17.85	-16.86	-11.84
Shares Outstanding	59.85	60.92	61.57	62.19	-	-	-	-	-
Total Stockholders' Equity	314.77	299.13	278.28	226.80	250.64	218.90	142.28	147.15	174.96
Total Liabilities & Equity	839.39	757.55	673.35	570.18	539.71	465.41	372.28	307.15	315.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Manhattan Associates Balance Sheet

How much debt does Manhattan Associates have?

Manhattan Associates had total debt of $112.36M as of Dec 31, 2025, against $328.75M in cash and short-term investments. Its debt-to-equity ratio was 0.36. Total debt was $47.79M a year earlier.

What are Manhattan Associates's total assets?

Manhattan Associates reported total assets of $839.39M as of Dec 31, 2025, up 10.8% from $757.55M a year earlier. Total liabilities were $524.62M.

What is Manhattan Associates's shareholders' equity?

Manhattan Associates's shareholders' equity was $314.76M as of Dec 31, 2025, or about $5.26 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition