Manhattan Associates, Inc.
MANH
Jodie read · what matters now
The stock swung from $147 to $204 in a week and then slid 6.5% to $191.25, a pricey, cash‑rich software company facing slower top‑line momentum and repeated demand warnings.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to MANH, and whether its market group begins moving.
Earlier comparable assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-24 against the comparable filing from 2025-04-25.
A newer Struct brief is shown above. This older assessment remains here for comparison, not as the current read.
What improved
- Revenue increased 7.4% versus the comparable filing period.
- Operating cash flow covered net income at 1.70x, improving versus the comparable period.
What weakened
- Operating margin fell 1.0 percentage points.
- Net margin fell 2.5 percentage points.
Filing receipts
“Sales and marketing expenses increased $6.7 million in the quarter ended March 31, 2026 compared to the same quarter in the prior year primarily due to $2.8 million increase in compensation and other personnel-related expenses, a $2.3 million increase in performance-based compensation expense, and a $1.2 million increase in marketing and campaign program expenses.”
“Operating income increased primarily due to increased cloud subscriptions revenue, and operating margin decreased primarily due to increased sales and marketing expenses.”
“The decrease in maintenance revenue for the Americas segment is primarily driven by customer demand for cloud-based solutions over perpetual software licenses.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind MANH
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
MANH is currently a Participant in the organic co-movement group Staffing Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.