MAXIMUS, INC.
For the period ended Sep 30, 2025. Filed Nov 20, 2025.
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FY2025 · Filed Nov 20, 2025
MMS$65.64+0.2%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| As of September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Assets: | ||
| Cash and cash equivalents | $222,351 | $183,123 |
| Accounts receivable, net | 898,095 | 879,514 |
| Income taxes receivable | 3,904 | 5,282 |
| Prepaid expenses and other current assets | 128,574 | 132,625 |
| Total current assets | 1,252,924 | 1,200,544 |
| Property and equipment, net | 30,972 | 38,977 |
| Capitalized software, net | 214,260 | 187,677 |
| Operating lease right-of-use assets | 100,514 | 133,594 |
| Goodwill | 1,782,095 | 1,782,871 |
| Intangible assets, net | 538,266 | 630,569 |
| Deferred contract costs, net | 63,332 | 59,432 |
| Deferred compensation plan assets | 63,272 | 55,913 |
| Deferred income taxes | 11,491 | 14,801 |
| Other assets | 12,513 | 27,130 |
| Total assets | $4,069,639 | $4,131,508 |
| Liabilities and Shareholders' Equity: | ||
| Liabilities: | ||
| Accounts payable and accrued liabilities | $296,888 | $303,321 |
| Accrued compensation and benefits | 236,948 | 237,121 |
| Deferred revenue, current portion | 53,784 | 83,238 |
| Income taxes payable | 17,321 | 26,535 |
| Long-term debt, current portion | 52,680 | 40,139 |
| Operating lease liabilities, current portion | 38,605 | 47,656 |
| Other current liabilities | 68,937 | 69,519 |
| Total current liabilities | 765,163 | 807,529 |
| Deferred revenue, non-current portion | 43,757 | 45,077 |
| Deferred income taxes | 149,020 | 169,118 |
| Long-term debt, non-current portion | 1,281,593 | 1,091,954 |
| Deferred compensation plan liabilities, non-current portion | 62,145 | 57,599 |
| Operating lease liabilities, non-current portion | 71,289 | 97,221 |
| Other liabilities | 22,637 | 20,195 |
| Total liabilities | 2,395,604 | 2,288,693 |
| Commitments and contingencies (Note 15) | ||
| Shareholders' equity: | ||
| Common stock, no par value; 100,000 shares authorized; 54,805 and 60,352 shares issued and outstanding as of September 30, 2025 and 2024, respectively | 628,118 | 598,304 |
| Accumulated other comprehensive loss | (17,867) | (32,460) |
| Retained earnings | 1,063,784 | 1,276,971 |
| Total shareholders' equity | 1,674,035 | 1,842,815 |
| Total liabilities and shareholders' equity | $4,069,639 | $4,131,508 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.