TYL · Tyler Technologies Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $613.50M | - | $595.88M | $596.12M | $565.16M | - | $543.34M | $540.98M | $512.36M | - |
| Cost of Revenue | $317.07M | - | $314.43M | $322.93M | $298.08M | - | $305.88M | $303.16M | $288.69M | - |
| Gross Profit | $296.43M | - | $281.45M | $273.18M | $267.08M | - | $237.46M | $237.82M | $223.67M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $83.97M | - | $79.97M | $76.60M | $79.45M | - | $72.46M | $75.42M | $72.71M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $38.95M | - | $34.99M | $34.14M | $34.62M | - | - | - | $40.10M | - |
| Operating Income | $99.81M | - | $97.93M | $95.60M | $89.17M | - | $82.83M | $78.03M | $66.98M | - |
| Interest Expense | $1.07M | - | $1.24M | $1.26M | $2.18M | - | $1.24M | $1.25M | - | - |
| Income Tax | $25.24M | - | $23.16M | $17.89M | $14.24M | - | $10.20M | $10.93M | $12.47M | - |
| Net Income | $81.18M | - | $84.39M | $84.63M | $81.05M | - | $75.90M | $67.74M | $54.17M | - |
| EPS - Basic | $1.90 | - | $1.96 | $1.96 | $1.88 | - | $1.78 | $1.59 | $1.28 | - |
| EPS - Diluted | $1.88 | - | $1.93 | $1.93 | $1.84 | - | $1.74 | $1.57 | $1.26 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $316.01M | $1.02B | $834.10M | $787.45M | $705.73M | $744.72M | $538.30M | $250.72M | $188.24M | $165.49M |
| Accounts Receivable | $573.00M | $638.80M | $661.99M | $714.41M | $559.87M | $587.63M | $619.51M | $700.83M | $542.44M | $619.70M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $186.14M | $174.65M | $147.86M | $171.58M | $171.16M | $156.82M | $145.39M | $150.44M | $145.17M | $146.34M |
| Current Assets | $1.04B | $1.84B | $1.74B | $1.72B | $1.47B | $1.44B | $1.24B | $1.04B | $824.42M | $860.59M |
| Total Assets | $4.80B | $5.64B | $5.46B | $5.43B | $5.19B | $5.18B | $5.00B | $4.82B | $4.61B | $4.68B |
| Current Liabilities | $1.04B | $1.76B | $1.69B | $1.67B | $1.56B | $1.07B | $1.02B | $987.33M | $872.92M | $1.00B |
| Long-term Debt | - | $599.66M | $599.23M | $598.80M | $598.37M | $597.93M | $597.50M | $597.07M | $596.64M | $596.21M |
| Total Liabilities | $1.24B | $1.94B | $1.85B | $1.79B | $1.68B | $1.79B | $1.72B | $1.69B | $1.59B | $1.74B |
| Stockholders' Equity | $3.56B | $3.70B | $3.60B | $3.63B | $3.51B | $3.39B | $3.28B | $3.13B | $3.02B | $2.94B |
| Retained Earnings | $2.26B | $2.18B | $2.12B | $2.03B | $1.95B | $1.87B | $1.80B | $1.73B | $1.66B | $1.60B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $107.26M | - | - | - | $56.16M | - | - | - | $71.84M | - |
| Investing Cash Flow | $55.98M | - | - | - | ($96.17M) | - | - | - | ($12.68M) | - |
| Financing Cash Flow | ($862.63M) | - | - | - | $1.02M | - | - | - | ($36.41M) | - |
| CapEx | $3.24M | - | - | - | $2.33M | - | - | - | $7.28M | - |
| Free Cash Flow | $104.03M | - | - | - | $53.82M | - | - | - | $64.56M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.3% | - | 47.2% | 45.8% | 47.3% | - | 43.7% | 44.0% | 43.7% | - |
| Operating margin | 16.3% | - | 16.4% | 16.0% | 15.8% | - | 15.2% | 14.4% | 13.1% | - |
| EBITDA margin | 22.6% | - | 22.3% | 21.8% | 21.9% | - | - | - | 20.9% | - |
| Net margin | 13.2% | - | 14.2% | 14.2% | 14.3% | - | 14.0% | 12.5% | 10.6% | - |
| Free cash flow margin | 17.0% | - | - | - | 9.5% | - | - | - | 12.6% | - |
| FCF / Net income | 1.28 | - | - | - | 0.66 | - | - | - | 1.19 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.7% | - | 13.4% | 12.8% | 14.1% | - | 13.3% | 13.9% | 14.2% | - |
| Effective tax rate | 23.7% | - | 21.5% | 17.4% | 14.9% | - | 11.8% | 13.9% | 18.7% | - |
| Return on assets | 1.7% | - | 1.5% | 1.6% | 1.6% | - | 1.5% | 1.4% | 1.2% | - |
| Return on equity | 2.3% | - | 2.3% | 2.3% | 2.3% | - | 2.3% | 2.2% | 1.8% | - |
| Return on invested capital | - | - | 1.8% | 1.9% | 1.8% | - | 1.9% | 1.8% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.00 | 1.05 | 1.03 | 1.03 | 0.94 | 1.35 | 1.21 | 1.06 | 0.94 | 0.86 |
| Quick ratio | 1.00 | 1.05 | 1.03 | 1.03 | 0.94 | 1.35 | 1.21 | 1.06 | 0.94 | 0.86 |
| Cash ratio | 0.30 | 0.58 | 0.49 | 0.47 | 0.45 | 0.70 | 0.53 | 0.25 | 0.22 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.16 | 0.17 | 0.16 | 0.17 | 0.18 | 0.18 | 0.19 | 0.20 | 0.20 |
| Debt / Assets | - | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 |
| Debt / EBITDA | - | - | 4.51 | 4.62 | 4.83 | - | - | - | 5.57 | - |
| Interest coverage | 93.6x | - | 79.3x | 75.7x | 40.8x | - | 67.1x | 62.3x | - | - |
| Equity multiplier | 1.35 | 1.52 | 1.51 | 1.49 | 1.48 | 1.53 | 1.53 | 1.54 | 1.52 | 1.59 |
| Liabilities / Assets | 0.26 | 0.34 | 0.34 | 0.33 | 0.32 | 0.35 | 0.34 | 0.35 | 0.34 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.11 | 0.11 | 0.11 | - | 0.11 | 0.11 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 341d | - | 405d | 437d | 362d | - | 416d | 473d | 386d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 214d | - | 172d | 194d | 210d | - | 173d | 181d | 184d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 182.1x | - | 271.1x | 307.2x | 316.0x | - | 335.5x | 320.2x | 337.3x | - |
| P / B | 4.2x | - | 6.4x | 7.2x | 7.3x | - | 7.8x | 6.9x | 6.1x | - |
| P / S | 24.1x | - | 38.5x | 43.7x | 45.2x | - | 46.9x | 40.2x | 35.8x | - |
| EV / EBITDA | 104.2x | - | 170.8x | 199.3x | 205.5x | - | - | - | 174.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.6% | - | 9.7% | 10.2% | 10.3% | - | 9.8% | 7.3% | 8.6% | - |
| Revenue CAGR (3y) | 9.1% | - | 8.0% | 8.3% | 7.4% | - | 5.7% | 10.2% | 20.2% | - |
| Revenue CAGR (5y) | 15.8% | - | 15.8% | 17.1% | 15.4% | - | 14.6% | 14.5% | 15.7% | - |
| Gross profit growth (YoY) | 11.0% | - | 18.5% | 14.9% | 19.4% | - | 5.5% | 6.6% | 11.9% | - |
| Operating income growth (YoY) | 11.9% | - | 18.2% | 22.5% | 33.1% | - | 29.5% | 26.1% | 48.9% | - |
| Net income growth (YoY) | 0.2% | - | 11.2% | 24.9% | 49.6% | - | 61.4% | 37.9% | 75.4% | - |
| EPS growth (YoY) | 2.2% | - | 10.9% | 22.9% | 46.0% | - | 58.2% | 36.5% | 72.6% | - |
| EPS CAGR (3y) | 37.1% | - | 15.3% | 27.1% | 25.1% | - | 18.7% | 37.0% | 12.7% | - |
| EPS CAGR (5y) | 16.4% | - | 15.5% | 8.2% | 9.7% | - | 11.7% | 14.4% | 12.8% | - |
| FCF growth (YoY) | 93.3% | - | - | - | -16.6% | - | - | - | -11.2% | - |
| FCF CAGR (5y) | 9.8% | - | - | - | 2.6% | - | - | - | 40.9% | - |
| Book value growth (YoY) | 1.3% | 9.3% | 10.0% | 16.0% | 16.2% | 15.3% | 14.8% | 13.1% | 12.5% | 11.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.32B totalEnterprise Software Segment$1.69B · 72.9%
Platform Technologies Segment$628.55M · 27.1%
Product / service
$3.39B totalSubscription And Circulation$1.59B · 46.8%
Saas Arrangements$691.29M · 20.4%
Maintenance$445.61M · 13.1%
Transaction Based Fees$318.14M · 9.4%
Professional Services$242.70M · 7.2%
Hardware And Other$45.01M · 1.3%
Product$35.31M · 1.0%
License$13.05M · 0.4%
Software Licenses And Royalties$12.82M · 0.4%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing TYLER TECHNOLOGIES INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Jan 31, 1990 | $0.0067 |
| Nov 2, 1989 | $0.0067 |
| Apr 26, 1989 | $0.0050 |
| Feb 1, 1989 | $0.0050 |
| Nov 3, 1988 | $0.0050 |
| Aug 22, 1988 | $3.3333 |
| Aug 9, 1988 | $0.0367 |
| Apr 27, 1988 | $0.0367 |
| Feb 3, 1988 | $0.0367 |
| Oct 29, 1987 | $0.0367 |
| Jul 29, 1987 | $0.0333 |
| Apr 29, 1987 | $0.0333 |
| Feb 4, 1987 | $0.0333 |