MAXIMUS, INC.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
MMS$65.64+0.2%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| March 31, 2025 | September 30, 2024 | |
|---|---|---|
| (unaudited) | ||
| (in thousands) | ||
| Assets: | ||
| Cash and cash equivalents | $108,059 | $183,123 |
| Accounts receivable, net | 1,097,404 | 879,514 |
| Income taxes receivable | 3,491 | 5,282 |
| Prepaid expenses and other current assets | 119,313 | 132,625 |
| Total current assets | 1,328,267 | 1,200,544 |
| Property and equipment, net | 34,883 | 38,977 |
| Capitalized software, net | 210,980 | 187,677 |
| Operating lease right-of-use assets | 118,302 | 133,594 |
| Goodwill | 1,780,726 | 1,782,871 |
| Intangible assets, net | 584,229 | 630,569 |
| Deferred contract costs, net | 60,800 | 59,432 |
| Deferred compensation plan assets | 52,523 | 55,913 |
| Deferred income taxes | 10,035 | 14,801 |
| Other assets | 19,027 | 27,130 |
| Total assets | $4,199,772 | $4,131,508 |
| Liabilities and Shareholders' Equity: | ||
| Liabilities: | ||
| Accounts payable and accrued liabilities | $306,445 | $303,321 |
| Accrued compensation and benefits | 165,350 | 237,121 |
| Deferred revenue, current portion | 79,447 | 83,238 |
| Income taxes payable | 17,677 | 26,535 |
| Long-term debt, current portion | 47,055 | 40,139 |
| Operating lease liabilities, current portion | 38,788 | 47,656 |
| Other current liabilities | 66,475 | 69,519 |
| Total current liabilities | 721,237 | 807,529 |
| Deferred revenue, non-current portion | 36,431 | 45,077 |
| Deferred income taxes | 166,632 | 169,118 |
| Long-term debt, non-current portion | 1,445,746 | 1,091,954 |
| Deferred compensation plan liabilities, non-current portion | 52,321 | 57,599 |
| Operating lease liabilities, non-current portion | 88,487 | 97,221 |
| Other liabilities | 21,444 | 20,195 |
| Total liabilities | 2,532,298 | 2,288,693 |
| Commitments and contingencies (Note 11) | ||
| Shareholders' equity: | ||
| Common stock, no par value; 100,000 shares authorized; 56,349 and 60,352 shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively | 616,315 | 598,304 |
| Accumulated other comprehensive loss | (18,375) | (32,460) |
| Retained earnings | 1,069,534 | 1,276,971 |
| Total shareholders' equity | 1,667,474 | 1,842,815 |
| Total liabilities and shareholders' equity | $4,199,772 | $4,131,508 |
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