Manhattan Associates (MANH) Research & Development (2010 - 2026)

Manhattan Associates (MANH) reported Research & Development of $27.8 million for Q1 2026, up 31.77% on a YoY basis from $21.1 million in Q1 2025, and down 27.98% sequentially from $38.5 million in Q4 2025.

Manhattan Associates (MANH) Research & Development (2010 - 2026) Analysis & Trends

Manhattan Associates (MANH) has 17 years of Research & Development data on file, last reported at $27.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 31.77% year-over-year to $27.8 million; the trailing twelve-month figure through Mar 2026 stood at $104.3 million (up 127.54% YoY), and the FY2025 full-year result was $145.1 million, up 90.93% from the prior year.
  • Research & Development eased to $27.8 million in Q1 2026, from $38.5 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $64.0 million in Q4 2022 to a low of -$28.7 million in Q4 2024.
  • A 5-year average of $24.0 million and a median of $21.1 million in 2025 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development jumped 284.31% in 2022 and tumbled 242.08% in 2024, its largest moves.
  • Tracing MANH's Research & Development over 5 years: stood at $64.0 million in 2022, then sank by 68.42% to $20.2 million in 2023, then plunged by 242.08% to -$28.7 million in 2024, then jumped by 234.18% to $38.5 million in 2025, then slipped by 27.98% to $27.8 million in 2026.
  • Business Quant data shows MANH's Research & Development at $27.8 million in Q1 2026, $38.5 million in Q4 2025, and $18.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -1.99 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -37.02 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 496.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.33 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 3.77 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 1.37 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 253.90 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 588.95 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 508.44 Mn
10 Manhattan Associates 8.72 Bn 8.50 Bn 193.41 Mn 27.75 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 27.75 Mn
Dec 31, 2025 38.53 Mn
Sep 30, 2025 18.06 Mn
Jun 30, 2025 19.98 Mn
Mar 31, 2025 21.06 Mn
Dec 31, 2024 -28.72 Mn
Sep 30, 2024 34.35 Mn
Jun 30, 2024 19.15 Mn
Mar 31, 2024 19.93 Mn
Dec 31, 2023 20.21 Mn
Sep 30, 2023 33.09 Mn
Jun 30, 2023 18.56 Mn
Mar 31, 2023 18.07 Mn
Dec 31, 2022 64.00 Mn
Sep 30, 2022 29.38 Mn
Jun 30, 2022 27.92 Mn
Mar 31, 2022 27.46 Mn
Dec 31, 2021 16.65 Mn
Sep 30, 2021 23.37 Mn
Jun 30, 2021 13.75 Mn