MANH (Manhattan Associates) Research & Development: $147 Mil (TTM As of Mar. 2026)


MANH Manhattan Associates Inc MANH
85 GF Score
Price $130.87
GF Value $263.76
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Manhattan Associates Research & Development?

Manhattan Associates MANH +0.50% 85 Research & Development is $147 Mil as of Mar. 2026. GuruFocus rates MANH with a GF Score™ of 85/100 and a GF Value™ of $263.76 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Manhattan Associates's Research & Development for the three months ended in Mar. 2026 was $37 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $147 Mil.

Manhattan Associates  (NAS:MANH) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Manhattan Associates Research & Development Related Terms

Manhattan Associates Research & Development Historical Data

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The historical data trend for Manhattan Associates's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Manhattan Associates Research & Development Chart

Manhattan Associates Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.63 111.88 126.81 137.69 145.06

Manhattan Associates Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.30 34.87 36.36 38.53 37.35
MANH
85GF Score
Manhattan Associates Inc MANH
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Manhattan Associates Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $147 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $147 Mil mean?
Manhattan Associates (MANH) has a Research & Development of $147 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Manhattan Associates and its competitors.
Is Manhattan Associates' Research & Development too high?
Manhattan Associates' current Research & Development is $147 Mil. Overall, Manhattan Associates has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manhattan Associates' Research & Development compare to FROG and BSY?
Manhattan Associates' Research & Development of $147 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Manhattan Associates and its competitors. Manhattan Associates's current Research & Development is $147 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manhattan Associates stock overvalued right now?
Based on GuruFocus' analysis, Manhattan Associates (MANH) is currently considered Significantly Undervalued. The stock's GF Value™ is $263.76, compared to a current price of $130.87 — trading 50.4% below its estimated fair value. The current Research & Development is $147 Mil. Manhattan Associates' overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Manhattan Associates (MANH), the current Research & Development is $147 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manhattan Associates (MANH) Overvalued in 2026?

Based on GuruFocus' analysis, Manhattan Associates stock appears to be undervalued. The current stock price of $130.87 is trading 50.4% below its estimated GF Value™ of $263.76. GuruFocus considers Manhattan Associates to be Significantly Undervalued.

Key valuation signals for MANH:

  • Research & Development: $147 Mil
  • GF Value™: $263.76 vs. price of $130.87 (50.4% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the MANH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Manhattan Associates Business Description

Other Exchanges MHT:Germany
Address 2300 Windy Ridge Parkway0, Tenth Floor, Atlanta, GA, USA, 30339
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers worldwide.
85GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$130.87
Price
$263.76
GF Value