SEC comment letter
SEC correspondence
SEC staff questioned MAXIMUS, INC.'s accounting for non-GAAP measures
Letter dated 2026-03-13; published on EDGAR 2026-09-24 — the SEC releases comment letters only after the review closes.
We note that you believe providing measures that exclude the impact of amortization is useful to investors in evaluating your core operations and results; however, these measures include revenue from core operations generated in part by acquired assets. Please revise to clarify that although amortization of intangible assets acquired through acquisitions is being excluded from the non-GAAP measures, the revenue…
Evidence
- Cited sections
- Note 3: Business Segments, page 62
- Direction
- staff to company
- Letter dated
- 2026-03-13
- Published on edgar
- 2026-09-24
- Reviewing
- Maximus, Inc. Form 10-K for the Fiscal Year Ended September 30, 2025 Filed November 20, 2025 File No. 001-12997 Dear David W. Mutryn: We have limited our review
- Source
- SEC staff comment letter (UPLOAD)
- Topics
- MD&A, Non-GAAP measures, Segment reporting
- Why
- SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.