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MANH on Nasdaq

Manhattan Associates

Logo: manh.com4

Manhattan Associates is an American prepackaged software services company based in Atlanta.1 It was founded in 1990.1

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Last updated Oct 21, 2026.

Overview

1990Founded1

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  • TickerMANH on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersAtlanta, United States1
  • Websitewww.manh.com
  • Incorporated inGA5
  • Business address2300 Windy Ridge Parkway Tenth Floor, Atlanta, Ga 303395
  • Filer categoryLarge accelerated filer5
  • Legal formCorporation3
  • LEI529900Q1GJP7KD52SW513
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered address2300 WINDY RIDGE PKWY, 10TH FLOOR, 30339 Atlanta, United States3
  • Registered withGeorgia Secretary of State Corporations Division, K8072123

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Manhattan Associates image from its website
Image: manh.com4

Some of the factors that could cause actual results to differ materially from the results discussed in forward-looking statements include:7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.9%Operating margin8
20.3%Net margin8
3.7%Revenue growth, 20258
69.9%Return on equity8
$374.0MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service, Other brought in 47% of the revenue Manhattan Associates broke down this way in fiscal 2025.

  1. Service, Other$503.0M847%down 4% from 2024
  2. Cloud subscriptions$408.1M838%up 21% from 2024
  3. Maintenance$130.0M812%down 6% from 2024
  4. Hardware$25.4M82%down 3% from 2024
  5. License and Maintenance$14.8M81%down 2% from 2024
Products and services by year
Products and services202320242025
Service, Other$487.9M$525.5M$503.0M
Cloud subscriptions$254.6M$337.2M$408.1M
Maintenance$143.9M$138.3M$130.0M
Hardware$24.1M$26.2M$25.4M
License and Maintenance$18.2M$15.1M$14.8M

Regions

Americas brought in 56% of the revenue Manhattan Associates broke down this way in fiscal 2025.

  1. Americas$810.4M856%up 1% from 2024
  2. Rest of the world$373.5M826%up 8% from 2024
  3. EMEA$215.8M815%up 13% from 2024
  4. Asia Pacific$55.2M84%up 12% from 2024
Regions by year
Regions202320242025
Americas$719.2M$802.5M$810.4M
Rest of the world$301.4M$346.2M$373.5M
EMEA$166.6M$190.5M$215.8M
Asia Pacific$42.9M$49.3M$55.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue44¢$472.3M
  • Research and development13¢$145.1M
  • Other costs16¢$178.1M
  • Income tax6¢$65.9M
  • Profit20¢$219.9M

Out of $1.1B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$15.5M
  • Share buybacks81¢$315.2M
  • Kept or used elsewhere15¢$58.9M

Out of $389.5M of cash from operations.8

Financial statements

Revenue91011128$1.1B in 2025+75% since 2019
0$500.0M$1.0B$1.5B2019: $617.9M$617.9M20192020: $586.4M$586.4M2020−5%2021: $663.6M$663.6M2021+13%2022: $767.1M$767.1M2022+16%2023: $928.7M$928.7M2023+21%2024: $1.0B$1.0B2024+12%2025: $1.1B$1.1B2025+4%
Operating income91011128$279.8M in 2025+141% since 2019
0$100.0M$200.0M$300.0M2019: $115.9M$115.9M20192020: $114.1M$114.1M2020−2%2021: $134.3M$134.3M2021+18%2022: $152.7M$152.7M2022+14%2023: $209.9M$209.9M2023+37%2024: $261.6M$261.6M2024+25%2025: $279.8M$279.8M2025+7%
Net income91011128$219.9M in 2025+156% since 2019
0$100.0M$200.0M$300.0M2019: $85.8M$85.8M20192020: $87.2M$87.2M2020+2%2021: $110.5M$110.5M2021+27%2022: $129.0M$129.0M2022+17%2023: $176.6M$176.6M2023+37%2024: $218.4M$218.4M2024+24%2025: $219.9M$219.9M2025+1%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Total revenue$1.1B$1.0B$928.7M
Total costs$472.3M$471.0M$430.6M
Research and development$145.1M$137.7M$126.8M
Sales and marketing$81.2M$76.0M$74.5M
General and administrative$93.8M$89.8M$81.2M
Depreciation and amortization$6.3M$6.3M$5.8M
Restructuring expense$2.9M
Total costs and expenses$801.6M$780.8M$718.8M
Operating income$279.8M$261.6M$209.9M
Interest income$4.4M$6.0M$5.3M
Other income (loss), net$1.7M-$811.0K-$1.5M
Income before income taxes$285.9M$266.8M$213.7M
Income tax provision$65.9M$48.5M$37.1M
Net income$219.9M$218.4M$176.6M
Basic earnings per share$3.64$3.56$2.86
Diluted earnings per share$3.60$3.51$2.82
Basic60.5M shares61.3M shares61.8M shares
Diluted61.1M shares62.2M shares62.6M shares

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Corporate structure

Manhattan Associates sits at the top of its group. 10 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Manhattan Associates

  • Manhattan Associates Atlanta, Georgia, United States
    • MANHATTAN ASSOCIATES (INDIA) DEVELOPMENT CENTRE PRIVATE LIMITED Subsidiary · Bangalore, India
    • Manhattan Associates Chile SpA Subsidiary · Chile
    • Manhattan Associates Europe B.V. Subsidiary · Netherlands
    • Manhattan Associates France SARL Subsidiary · France
    • Manhattan Associates Services, S. de R.L. de CV Subsidiary · Mexico
    • Manhattan Associates Software (Shanghai), Co. Ltd. Subsidiary · China
    • Manhattan Associates Software Pte Ltd. Subsidiary · Singapore
    • Manhattan Associates Supply Chain Software, LLC Subsidiary · Georgia, United States
    • Manhattan Information Technology (Shanghai) Co., Ltd. Subsidiary · China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Manhattan Associates reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$77.8M8 Dec 31, 2025$73.2M8 Dec 31, 2024+6.3%
Accumulated depreciation$54.7M8 Dec 31, 2025$59.2M8 Dec 31, 2024−7.7%
Property and equipment, net$23.1M8 Dec 31, 2025$14.0M8 Dec 31, 2024+65.5%
Operating-lease assets (leased space)$50.4M8 Dec 31, 2025$47.9M8 Dec 31, 2024+5.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$328.7M8 Dec 31, 2025$266.2M8 Dec 31, 2024+23.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$62.2M8 Dec 31, 2025$62.2M8 Dec 31, 20240%

Properties, in its own words

Our principal administrative, sales, marketing, support, and research and development facility is located in approximately 209,000 square feet of modern office space in Atlanta, Georgia. We have an additional office in the United States under a short-term agreement in New Jersey.

We also occupy facilities outside of the United States under multi-year lease agreements in the United Kingdom, the Netherlands, France, China, Japan, Spain, Singapore, India, Australia, and Germany. We also occupy offices under a short-term lease agreement in Chile and Italy. We believe our office space is adequate to meet our immediate needs; however, we may expand into additional facilities in the future.

Item 2 of the 10-K filed Feb 4, 2026.7

Leadership

Who has led Manhattan Associates, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peter F. Sinisgalli2006–2012
  2. Eddie Capel2013–now

Chair

  1. Eddie Capel2025–now

President

  1. Peter F. Sinisgalli2006–2012
  2. Eddie Capel2012–now

Chief financial officer

  1. Steven R. Norton2006
  2. Dennis B. Story2006–2026
  3. Linda C. Pinne2026–now

Chief operating officer

  1. Eddie Capel2012
1995200020052010201520202025
Board members and other officers (24)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Manhattan Associates (India) Development Centre Private Limited India6
  • Manhattan Associates Chile SpA Chile6
  • Manhattan Associates Europe B.V. Netherlands6
  • Manhattan Associates France SARL France6
  • Manhattan Associates GmbH Germany6
  • Manhattan Associates KK Japan6
  • Manhattan Associates Limited United Kingdom6
  • Manhattan Associates Pty Ltd. Australia6
  • Manhattan Associates Services, S. de R.L. de CV Mexico6
  • Manhattan Associates Software (Shanghai), Co. Ltd. China6
  • Manhattan Associates Software Pte Ltd. Singapore6
  • Manhattan Associates Supply Chain Software, LLC Georgia, USA6
  • Manhattan Associates, S. de R.L. de CV Mexico6
  • Manhattan Information Technology (Shanghai) Co., Ltd. China6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 28, 20268-K Results of operations44
  2. Jun 1, 20268-K Exit or restructuring costs; Regulation FD disclosure45
  3. May 20, 20268-K Executive or director change46
  4. May 18, 20268-K Shareholder vote47
  5. Apr 21, 20268-K Results of operations48
  6. Apr 2, 20268-K Executive or director change49
  7. Feb 26, 20268-K Executive or director change; Regulation FD disclosure50
  8. Jan 27, 20268-K Results of operations51
  9. Oct 21, 20258-K Results of operations; Executive or director change52
  10. Jul 22, 20258-K Results of operations53
  11. May 14, 20258-K Shareholder vote54
  12. Apr 22, 20258-K Results of operations; Executive or director change55
  13. Jan 23, 2013New chief executive Eddie Capel becomes CEO16
  14. Jan 6, 2006New chief executive Peter F. Sinisgalli becomes CEO17
  15. 1990Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.96 a share, on Oct 21, 2025.56

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results44
  2. Apr 21, 2026Reported quarterly or annual results48
  3. Jan 27, 2026Reported quarterly or annual results51
  4. Oct 21, 2025Reported quarterly or annual results52
  5. Jul 22, 2025Reported quarterly or annual results53
  6. Apr 22, 2025Reported quarterly or annual results55
  7. Jan 28, 2025Reported quarterly or annual results57
  8. Oct 22, 2024Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

338 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 35 major events, 195 insider forms, 32 large holders, 56 other. The latest 20:

  1. Aug 14, 2026SCHEDULE 13G/A EDGAR
  2. Aug 11, 2026144 EDGAR
  3. Aug 11, 20264 EDGAR
  4. Aug 10, 20264 EDGAR
  5. Aug 6, 2026144 EDGAR
  6. Aug 6, 2026SCHEDULE 13G/A EDGAR
  7. Jul 31, 20264 EDGAR
  8. Jul 31, 2026S-8 EDGAR
  9. Jul 31, 202610-Q EDGAR
  10. Jul 30, 2026144 EDGAR
  11. Jul 28, 20268-K EDGAR
  12. Jun 16, 20264 EDGAR
  13. Jun 10, 2026144 EDGAR
  14. Jun 10, 20264 EDGAR
  15. Jun 1, 20268-K EDGAR
  16. May 20, 20268-K EDGAR
  17. May 18, 20264 EDGAR
  18. May 18, 20264 EDGAR
  19. May 18, 20264 EDGAR
  20. May 18, 20264 EDGAR

The 338 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

45 open-market trades by officers, directors and large owners since October 2021: 0 buys and 45 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 11, 2026Clark Eric AndrewPresident & CEOSale3,000$197.76$593.3KForm 4
Aug 6, 2026Hollembaek Linda T.DirectorSale1,579$189.88$299.8KForm 4
Jul 30, 2026Gantt James StewartEVP, Professional ServicesSale5,139$195.53$1.0MForm 4
Jun 10, 2026Clark Eric AndrewPresident & CEOSale1,000$146.77$146.8KForm 4
Apr 24, 2026Gantt James StewartEVP, Professional ServicesSale7,300$139.25$1.0MForm 4
Nov 28, 2025Clark Eric AndrewPresident & CEOSale1,600$176.40$282.2KForm 4
Aug 28, 2025Gantt James StewartEVP, Professional ServicesSale2,300$218.70$503.0KForm 4
Jul 29, 2025Capel EddieDirectorSale37,342$222.18$8.3MForm 4
Jul 29, 2025Hollembaek Linda T.DirectorSale2,024$221.53$448.4KForm 4
Jul 25, 2025Gantt James StewartEVP, Professional ServicesSale2,300$220.33$506.8KForm 4
Mar 6, 2025STORY DENNIS BEVP, CFO & TreasurerSale2,788$170.83$476.3KForm 4
Nov 29, 2024Richards BruceSVP, CLO & SecretarySale4,150$289.74$1.2MForm 4
Nov 26, 2024Gantt James StewartEVP, Professional ServicesSale3,475$288.09$1.0MForm 4
Nov 6, 2024Eger EdmondDirectorSale2,675$282.06$754.5KForm 4
Aug 29, 2024Richards BruceSVP, CLO & SecretarySale1,527$261.00$398.5KForm 4
Aug 28, 2024Richards BruceSVP, CLO & SecretarySale2,473$261.00$645.5KForm 4
Jul 30, 2024Gantt James StewartEVP, Professional ServicesSale6,000$256.50$1.5MForm 4
Mar 6, 2024Richards BruceSVP, CLO & SecretarySale4,000$255.67$1.0MForm 4
Mar 5, 2024Gantt James StewartEVP, Professional ServicesSale4,000$250.79$1.0MForm 4
Feb 29, 2024Capel EddieDirectorSale5,902$251.71$1.5MForm 4

All 45 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Eric A. Clark$710.0K$16.7M71
2025Eddie Capel$543.8K$10.2M71
2025Robert G. Howell$439.0K$7.3M71
2025J. Stewart Gantt$443.8K$7.2M71
2025Dennis B. Story$507.2K$6.7M71
2025Bruce S. Richards$398.2K$2.9M71
2024Executive Chairman of the Board;$725.0K$10.8M71
2024Executive Vice PresidentChief$493.0K$3.0M71
2024Executive VicePresident,$410.0K$2.6M71
2024Senior Vice PresidentChief$387.0K$1.4M71
2023Former President and Chief Executive Officer$700.0K$10.4M71
2023Financial Officerand Treasurer$473.0K$2.9M71
2023Chief Sales Officer$390.0K$2.5M71
2023Professional Services$385.0K$2.1M71
2023Legal Officerand Secretary$367.0K$1.4M71

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$223.2M 2008–2026
Money received by yearMoney received by year, 2008–2026: $223.2M in all. Federal contracts $223.2M.$0$20M$40M$60M2008 · Federal contracts: $553.2K20082009 · Federal contracts: $467.9K2010 · Federal contracts: $9.6M20102011 · Federal contracts: $276.0K2012 · Federal contracts: $2.1M20122013 · Federal contracts: $2.1M2014 · Federal contracts: $515.5K20142015 · Federal contracts: $6.5M2016 · Federal contracts: $3.1M20162017 · Federal contracts: $12.9M2018 · Federal contracts: $914.2K20182019 · Federal contracts: $7.0M2020 · Federal contracts: $22.1M20202021 · Federal contracts: $22.4M2022 · Federal contracts: $42.6M20222023 · Federal contracts: $36.1M2024 · Federal contracts: $22.8M20242025 · Federal contracts: $28.8M2026 · Federal contracts: $2.5M2026
Figures by year
YearFederal contractsTotal
2026$2.5M$2.5M
2025$28.8M$28.8M
2024$22.8M$22.8M
2023$36.1M$36.1M
2022$42.6M$42.6M
2021$22.4M$22.4M
2020$22.1M$22.1M
2019$7.0M$7.0M
2018$914.2K$914.2K
2017$12.9M$12.9M
2016$3.1M$3.1M
2015$6.5M$6.5M
2014$515.5K$515.5K
2013$2.1M$2.1M
2012$2.1M$2.1M
2011$276.0K$276.0K
2010$9.6M$9.6M
2009$467.9K$467.9K
2008$553.2K$553.2K

Federal awards

Obligated amounts from USAspending.gov72, by calendar year, 2008–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Jun 19, 2021$79.3M from Federal Emergency Management Agency: Operations, maintenance, training, and surge support for the federal emergency management agency (fema) logistics supply chain management sy73 To MANHATTAN ASSOCIATES, INC. Award 70FA3021C00000003
  2. Oct 1, 2024$51.2M from Federal Emergency Management Agency: Issue task order against for logistics supply chain management system cloud (lscms-c)74 To MANHATTAN ASSOCIATES, INC. Award 70FA3125F00000984
  3. Jun 19, 2017$41.3M from Federal Emergency Management Agency: Igf::ct::igf operations and maintenance75 To MANHATTAN ASSOCIATES, INC. Award HSFE3017C0200
  4. Sep 30, 2023$11.5M from Defense Information Systems Agency: Wmos and replenishment module76 To MANHATTAN ASSOCIATES, INC. Award HC108423C0005
  5. Jan 1, 2015$7.1M from Federal Emergency Management Agency: The purpose of this purchase order is to provide software support maintenance for manhattan associates applications licenses by fema. period77 To MANHATTAN ASSOCIATES, INC. Award HSFE3015P0031

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,781,222$944.3M0.0%−63,316
Vanguard Portfolio Management LLC3,857,897$537.2M0.0%−11,852
Fmr LLC3,611,292$502.9M0.0%+307,895
Aqr Capital Management LLC3,328,418$458.0M0.2%+166,366
Vanguard Capital Management LLC2,673,626$372.3M0.0%−8,981
Morgan Stanley2,665,077$371.1M0.0%−164,929
Alliancebernstein L.P.2,297,954$305.9M0.1%−817,133
State Street Corp1,905,527$265.3M0.0%+43,097
Geode Capital Management, LLC1,878,302$264.1M0.0%+65,066
Swedbank AB1,500,000$208.9M0.2%No change
Invesco Ltd.1,444,230$201.1M0.0%+202,859
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,149,923$160.1M0.2%−15,565
Kayne Anderson Rudnick Investment Management LLC1,015,310$141.4M0.4%−79,415
Neuberger Berman Group LLC976,464$136.0M0.1%+9,724
TD Asset Management Inc974,964$135.8M0.1%+246,254
Arrowstreet Capital, Limited Partnership962,685$134.1M0.1%+416,291
Jacobs Levy Equity Management, Inc792,256$110.3M0.4%−55,312
Epoch Investment Partners, Inc.742,409$103.4M0.6%+281,948
Lazard Asset Management LLC734,350$102.3M0.2%+34,582
Sumitomo Mitsui Trust Group, Inc.707,957$98.6M0.1%+34,349
Dimensional Fund Advisors LP703,183$97.9M0.0%+60,410
Norges Bank675,793$94.1M0.0%New
William Blair Investment Management, LLC675,396$94.0M0.3%+46,079
Northern Trust Corp631,962$88.0M0.0%−3,055
Stephens Investment Management Group LLC606,425$84.4M0.9%+103,747

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 29, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+26.4%Report
Jan 29, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+26.4%Report
Jan 29, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+26.4%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+47.2%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000−68.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Manhattan Associates is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMANHATTAN ASSOCIATES INC2
  • CIK0001056696
  • Employer ID (EIN)58-23734247
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
  • Incorporated inGeorgia7
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address2300 Windy Ridge Parkway Tenth Floor, Atlanta, GA 303392
  • Phone77095570702
  • Shares outstanding58,304,972 as of Jul 28, 202614
  • Public float$11.8B as of Jun 30, 20257
  • AuditorErnst & Young LLP, Atlanta, Georgia PCAOB ID 42; it also attests to the company’s internal control over financial reporting7
  • On EDGAR sinceFeb 27, 19982
  • Filings1,722 in all: 4 (1,051), 8-K (156), SC 13G/A (123), 10-Q (86), SC 13G (51), 144 (35), DEF 14A (28), 4/A (27)2
    All 34 form types

    10-K (25), 3 (24), UPLOAD (18), CORRESP (13), DEFA14A (11), S-8 (11), 8-K/A (9), 5 (7), ARS (7), SCHEDULE 13G/A (7), S-1/A (6), SCHEDULE 13G (6), S-8 POS (4), 10-K405 (3), 10-K/A (2), 3/A (2), 10-Q/A (1), 424B1 (1), 424B4 (1), 8-A12G (1), DEFR14A (1), DEFS14A (1), PRE 14A (1), S-1 (1), S-3 (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 4, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Apr 2, 2026
    Latest 8-K (8-K) Jul 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.01 par value per shareMANHThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 4, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks Manhattan Associates names in Item 1A of its 10-K filed Feb 4, 2026: 27 risks under these headings, as written.7

  • Risks Related to Our Business
  • Our future revenue is dependent on continuing sales from cloud subscriptions, which in turn drive sales of professional services.
  • We depend on third-party data centers to provide our cloud-based solutions. If these providers encounter defects, delays or interruptions in service, our business and operating results could be harmed. Furthermore, if we are unable to manage the costs of these services, our results may be negatively affected.
  • Delays in implementing our products could adversely impact our business, results of operations, cash flow, and financial condition.
  • Our ability to sell our cloud solutions is highly dependent on the quality of our services offerings, and our failure to offer high quality services could adversely impact our business, results of operations, cash flow, and financial condition.
  • Our use of generative and agentic artificial intelligence (“AI”) tools may expose us to operational, compliance or other risks, which could adversely impact our business, results of operations, cash flow and financial condition, and subject us to legal liability.
  • Protection of our proprietary rights.
  • Our pricing models may need to be modified due to price competition.
  • We may encounter long sales cycles, particularly with our larger customers, which could have an adverse effect on the amount, timing, and predictability of our revenue, adversely affecting our business, results of operations, cash flow, and financial condition.
  • Our ability to maintain and develop our brand is critical for our continued success.
  • Disruption in our vertical markets could materially affect our revenues and results of operations.
  • Inability to attract, integrate, and retain management and other personnel could adversely impact our business, results of operations, cash flow, and financial condition.
The other 16 risks
  • Because we recognize revenue from our cloud subscriptions over the term of the subscription, downturns or upturns in new business may not be immediately reflected in our results of operations.
  • Our research and development activities may not generate significant returns.
  • Mergers or other strategic transactions involving our competitors could weaken our competitive position or reduce our revenue.
  • Our business, results of operations, cash flow, and financial condition may be adversely affected if we cannot integrate acquired companies or manage joint ventures.
  • Risks Related to Our Intellectual Property and Cybersecurity
  • Our software may contain undetected errors or “bugs” causing harm to our reputation, which could adversely impact our business, results of operations, cash flow, and financial condition.
  • If our data protection or other security measures are compromised and, as a result, our data, our customers’ data or our IT systems are accessed improperly, made unavailable, or improperly modified, our products and services may be perceived as vulnerable, possibly damaging our brand and reputation, disrupting the IT services we provide to our customers, and causing our customers to stop using our products and services, all of which could reduce our revenue and earnings, increase our expenses and expose us to legal claims and regulatory actions.
  • If we are unable to develop software applications that interoperate with computing platforms developed by others, our business, results of operations, cash flow, and financial condition may be adversely affected.
  • We incorporate third-party software in our solutions, the failure or unavailability of which could adversely affect our ability to sell, support, and service our products.
  • The use of open source software in our products may expose us to additional risks and harm our intellectual property, which could adversely impact our business, results of operations, cash flow, and financial condition.
  • Risks Related to Laws and Regulations
  • We can be subject to criminal or civil liability if we fail to comply with anti-corruption and anti-boycott regulations, and that can adversely affect our business, financial condition, and results of operations.
  • Risks Related to International Operations
  • Our operating results may include foreign currency gains and losses.
  • Our employee retention and hiring may be hindered by immigration restrictions, which could adversely impact our business, results of operations, cash flow, and financial condition.
  • Risks Related to Our Common Stock
  • Other Risk Factors
  • Economic, political and market conditions can adversely affect our business, results of operations, cash flow and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price.
  • Changes in, or interpretation of, accounting principles could result in unfavorable accounting changes.
  • The effects of a disease outbreak, pandemic, or other major public health crisis could materially adversely affect our business, results of operations and financial condition.
  • Fires or other catastrophic events at our principal facilities could disrupt our business.

Legal proceedings

From time to time, we are involved in litigation relating to claims arising out of the ordinary course of business, and occasionally legal proceedings not in the ordinary course.

Many of our installations involve products that are critical to the operations of our clients’ businesses. Any failure in one of our products could result in a claim for substantial damages against us, regardless of our responsibility for such failure. Although we attempt to limit contractually our liability for damages arising from product failures or negligent acts or omissions, there can be no assurance that the limitations of liability set forth in our contracts will be enforceable in all instances.

Although litigation and other legal proceeding outcomes are inherently difficult to predict, we do not currently believe we are a party to any legal proceeding the result of which is likely to have a material adverse impact on our business, financial position, results of operations, or cash flows. Descriptions of a lawsuit to which we are currently a party is included in Note 5 to the consolidated financial statements in Part I, Item 8 of this annual report on Form 10-K, and are incorporated herein by reference.

The opening of Item 3, Legal Proceedings.7

Sources

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