What is Manhattan Associates's net debt?

Manhattan Associates (MANH) reported net debt of -$170.45M in Q1 2026.

How has Manhattan Associates's net debt changed year-over-year?

Manhattan Associates's net debt decreased by 7.3% year-over-year, from -$158.87M to -$170.45M.

What is the long-term trend for Manhattan Associates's net debt?

Over 5 years (2020 to 2025), Manhattan Associates's net debt has grown at a 9.5% compound annual growth rate (CAGR), from -$170.29M to -$267.68M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Manhattan Associates MANH Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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2.5×-0.2×

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1.1×+0.4×

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7.3×+5.0×

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3.4×—

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1.4×—

Other financials

Income statement

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Revenue$282.2M+7.4%

Gross profit$155.6M+5.0%

Operating income$64.9M+2.8%

Net income$49.3M-6.3%

EPS (diluted)$0.82-3.5%

Balance sheet

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Cash & equivalents$226.1M+9.8%

Total debt$55.7M+18.5%

Total equity$205.2M-16.3%

Total assets$740.5M+4.6%

Cash flow

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Operating cash flow$84.0M+11.7%

CapEx$4.1M+360%

Free cash flow$79.9M+7.5%

Valuation

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Market cap$7.83B-24.7%

Enterprise value$7.66B-25.2%

P/E36.1×-11.7×

P/S7.1×-2.8×

Profitability

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Gross margin56%+0.4pp

Operating margin25.6%+0.2pp

Net margin19.7%-1.0pp

FCF margin34.5%+5.1pp

Returns & leverage

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Return on equity96.2%+6.6pp

Debt / equity0.3×+0.1×

Current ratio1.1×0.0×

Where this comes from

Calculated from Manhattan Associates’s reported figures.

$55.7Mtotal debt−$226.1Mcash and equivalents=-$170.45M

The official record: Manhattan Associates’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Manhattan Associates's net debt?: Manhattan Associates (MANH) reported net debt of -$170.45M in Q1 2026.
How has Manhattan Associates's net debt changed year-over-year?: Manhattan Associates's net debt decreased by 7.3% year-over-year, from -$158.87M to -$170.45M.
What is the long-term trend for Manhattan Associates's net debt?: Over 5 years (2020 to 2025), Manhattan Associates's net debt has grown at a 9.5% compound annual growth rate (CAGR), from -$170.29M to -$267.68M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.