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McGraw Hill MH Product development costs, net

Product development costs, net at other companies

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$2.4M+189%
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$200K
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$200K
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$222K+484%
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$1.72M+313%
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YelpYELP
$70.47M-10.1%

Other financials

Income statement

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Revenue$463.7M-2.0%
Gross profit$388.9M-1.5%
Operating income--100%
Net income-$20.2M+61.8%
EPS (diluted)-$0.11+65.6%

Balance sheet

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Cash & equivalents$253.5M-35.0%
Total debt$2.7B-18.6%
Total equity$726.2M+159%
Total assets$5.5B-4.7%

Cash flow

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Operating cash flow$309.0M+12.3%
CapEx$23.8M-16.2%
Free cash flow$285.4M+9.2%

Valuation

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Market cap$2.22B-10.6%
Enterprise value$4.62B
P/S1.1×

Profitability

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Gross margin80.9%+1.0pp
Operating margin13.5%-1.1pp
Net margin-3.4%-4.4pp
FCF margin32.3%

Returns & leverage

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Return on equity-11.8%
Debt / equity3.7×-8.0×
Current ratio0.8×0.0×

Where this comes from

Reported directly by McGraw Hill in its filing.

Tagged under the XBRL concept mh:ProductDevelopmentCostsNet.

The source filing: McGraw Hill’s 10-K, filed June 11, 2026.

Filed
Jun 11, 2026, 7:16 AM EDT
Fiscal year
FY2026
Accession
0001951070-26-000022
Line itemMarch 31, 2026March 31, 2025
Inventories, net195,022174,018
Prepaid and other current assets162,625150,357
Total current assets973,6491,052,631
Product development costs, net285,970222,182
Property, plant and equipment, net90,42195,197
Goodwill2,522,5952,557,595
Other intangible assets, net1,227,2531,454,185
Deferred income taxes8,5727,983

Item 8. Financial Statements and Supplementary Data

FAQ

What is McGraw Hill's product development costs, net?
McGraw Hill (MH) reported product development costs, net of $285.97M in Q1 2026.
How has McGraw Hill's product development costs, net changed year-over-year?
McGraw Hill's product development costs, net increased by 28.7% year-over-year, from $222.18M to $285.97M.
What does product development costs, net mean?
This represents the capitalized costs associated with the internal development of software, digital platforms, and educational content assets. It reflects the investment in long-term intellectual property that is expected to generate future economic benefits through recurring revenue. Monitoring this balance helps investors assess the company's commitment to innovation and the sustainability of its digital product pipeline.

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