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| Date | Value |
|---|---|
| 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 |