Manhattan Associates(US:MANH)2026-01-27 21:02Financial Performance - Consolidated total revenue for Q4 2025 was $270.4 million, a 5.7% increase from $255.8 million in Q4 2024[5] - Cloud subscription revenue reached $108.6 million in Q4 2025, up 20.2% from $90.3 million in Q4 2024[5] - Total revenue for the full year 2025 was $1,081.4 million, a 3.7% increase from $1,042.4 million in 2024[8] - Operating income for Q4 2025 was $67,012,000, an increase of 10.9% from $60,688,000 in Q4 2024[21] - Net income for the year ended December 31, 2025, reached $219,948,000, slightly higher than $218,364,000 in 2024[21] - Total revenue for 2024 was $1,042,352, with a projected increase to $1,081,392 for 2025, representing a growth of approximately 3.7%[29] Earnings Per Share - GAAP diluted earnings per share for Q4 2025 was $0.86, compared to $0.77 in Q4 2024, reflecting an increase of 11.7%[7] - Non-GAAP adjusted diluted earnings per share for Q4 2025 was $1.21, up from $1.17 in Q4 2024, a growth of 3.4%[7] - Diluted EPS for the year ended December 31, 2025, was $3.60, compared to $3.51 in 2024, reflecting a 2.6% increase[21] - The company expects adjusted diluted EPS to be $5.06 for the full year 2025, compared to $4.72 in 2024, indicating a projected growth of 7.2%[28] - Adjusted diluted earnings per share guidance for 2026 is projected between $5.04 and $5.20, with a growth range of 0% to 3%[9] Cash Flow and Assets - Cash flow from operations for Q4 2025 was $147.0 million, compared to $104.7 million in Q4 2024, representing a 40.2% increase[7] - Total current assets increased to $583,338,000 in 2025 from $503,264,000 in 2024, representing a growth of 15.9%[25] - Cash and cash equivalents at the end of 2025 were $328,747,000, up from $266,230,000 in 2024, marking a 23.5% increase[27] Liabilities and Expenses - Total liabilities increased to $524,678,000 in 2025 from $447,631,000 in 2024, indicating a rise of 17.2%[25] - Research and development expenses for Q4 2025 were $6,744,000, a 36.2% increase from $4,948,000 in Q4 2024[22] Share Repurchase and Capital Expenditures - The company repurchased 415,925 shares for a total investment of $75.0 million during Q4 2025[7] - The company repurchased a total of $286,366 in shares during 2024, with an increase to $315,162 expected in 2025[34] - Capital expenditures for 2024 totaled $8,675, with an increase to $15,457 projected for 2025[33] Future Projections - For 2026, the company projects total revenue guidance between $1,133 million and $1,153 million, indicating a growth range of 5% to 7%[9] - Remaining performance obligations (RPO) as of December 31, 2024, were $1,780,400, projected to grow to $2,232,234 by June 30, 2025[35] Market Focus - Manhattan Associates is focusing on expanding its go-to-market footprint and leveraging new AI technologies to enhance customer success[4] Foreign Currency Impact - Foreign currency fluctuations impacted operating income positively by $1,882 for 2024, with a projected increase to $6,760 for 2025[31]