TYLER TECHNOLOGIES INC
Business
Tyler Technologies is a leading provider of integrated software and technology management solutions for federal, state, and local government entities. The company offers a broad suite of back-office systems and transformative platform solutions covering public safety, justice, taxation, education, health services, and civic operations. Tyler operates across all 50 U.S. states and select international markets, with dedicated enterprise relationships and a recurring revenue base driven by subscription services, maintenance support, and professional implementation services.
Summary from 10-K filed 2026-02-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 2,332 | 2,138 | 1,952 | 1,850 | 1,592 | |
| Total cost of revenues | 1,249 | 1,202 | 1,091 | 1,066 | 883 | |
| Gross profit | 1,084 | 936 | 861 | 784 | 710 | |
| Sales and marketing expense | 149 | 158 | 150 | 136 | 119 | |
| General and administrative expense | 316 | 301 | 309 | 267 | 272 | |
| Research and development expense | 205 | 118 | 110 | 105 | 94 | |
| Amortization of other intangibles | 56 | 60 | 75 | 61 | — | |
| Operating income | 358 | 300 | 219 | 214 | 181 | |
| Interest expense | −5 | −6 | −24 | −28 | — | |
| Other income, net | 38 | 15 | 3 | 2 | 2 | |
| Income before income taxes | 390 | 308 | 198 | 188 | 159 | |
| Income tax provision | 75 | 45 | 32 | 23 | −2 | |
| Net income | 316 | 263 | 166 | 164 | 161 | |
| Basic (in dollars per share) | 7.32 | 6.17 | 3.95 | 3.95 | 3.95 | |
| Diluted (in dollars per share) | 7.2 | 6.05 | 3.88 | 3.87 | 3.82 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,015 | 745 | 165 | 174 | 309 | |
| Accounts receivable (less allowance for losses and sales adjustments of $31,972 in 2025 and $17,325 in 2024) | 639 | 588 | 620 | 577 | 521 | |
| Short-term investments | 82 | 23 | 10 | 37 | 52 | |
| Prepaid expenses | 75 | 65 | 55 | 51 | 56 | |
| Income tax receivable | 24 | 12 | 0 | 0 | 18 | |
| Other current assets | 9 | 8 | 10 | 8 | 8 | |
| Total current assets | 1,844 | 1,441 | 861 | 847 | 964 | |
| Accounts receivable, long-term | 6 | 7 | 9 | 8 | 14 | |
| Operating lease right-of-use assets | 36 | 31 | 39 | 51 | 40 | |
| Property and equipment, net | 160 | 164 | 170 | 173 | 181 | |
| Software development costs, net | 68 | 76 | 67 | 48 | 28 | |
| Goodwill | 2,590 | 2,532 | 2,532 | 2,489 | 2,360 | |
| Other intangibles, net | 780 | 832 | 929 | 1,002 | 1,052 | |
| Non-current investments | 61 | 11 | 7 | 19 | 46 | |
| Other non-current assets | 94 | 86 | 63 | 50 | 46 | |
| Total assets | 5,639 | 5,180 | 4,677 | 4,687 | 4,732 | |
| Accounts payable | 175 | 157 | 146 | 105 | 120 | |
| Accrued liabilities | 191 | 198 | 159 | 132 | 158 | |
| Operating lease liabilities | 10 | 10 | 11 | 11 | 11 | |
| Deferred revenue | 781 | 701 | 633 | 569 | 511 | |
| Current portion of convertible senior notes due 2026, net | 600 | 0 | 50 | 30 | 30 | |
| Total current liabilities | 1,755 | 1,066 | 1,001 | 890 | 830 | |
| Convertible senior notes due 2026, net | 0 | 598 | 596 | 594 | 593 | |
| Deferred revenue, long-term | 21 | 22 | 291,000 | 2 | 38,000 | |
| Deferred income taxes | 95 | 48 | 79 | 149 | 228 | |
| Operating lease liabilities, long-term | 33 | 31 | 40 | 48 | 36 | |
| Other long-term liabilities | 31 | 27 | 23 | 17 | 3 | |
| Total liabilities | 1,936 | 1,792 | 1,739 | 2,063 | 2,408 | |
| Commitments and contingencies | 0 | 0 | 0 | 0 | 0 | |
| Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2025 and 2024 | 481,000 | 481,000 | 481,000 | 481,000 | 481,000 | |
| Additional paid-in capital | 1,616 | 1,539 | 1,355 | 1,210 | 1,076 | |
| Accumulated other comprehensive loss, net of tax | −11,000 | −157,000 | −326,000 | −844,000 | −46,000 | |
| Retained earnings | 2,182 | 1,867 | 1,604 | 1,438 | 1,274 | |
| Treasury stock, at cost; 5,027,037 and 5,184,092 shares in 2025 and 2024, respectively | −96 | −18 | −21 | −23 | −26 | |
| Total shareholders' equity | 3,703 | 3,388 | 2,938 | 2,624 | 2,324 | |
| Total liabilities and shareholders' equity | 5,639 | 5,180 | 4,677 | 4,687 | 4,732 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 138 | 143 | 154 | 159 | 136 | |
| Gains (losses) from sale of investments | −8,000 | 24,000 | 1,000 | 45,000 | 0 | |
| Share-based compensation expense | 151 | 123 | 108 | 103 | 105 | |
| Provision (reductions in allowance) for losses and sales adjustments - accounts receivable | 15 | −6 | 8 | 3 | 3 | |
| Amortization of operating lease right-of-use assets | 10 | 9 | 17 | 13 | 10 | |
| Deferred income tax provision (benefit) | 44 | −31 | −74 | −87 | −13 | |
| Other | 80,000 | 207,000 | 475,000 | 0 | 0 | |
| Accounts receivable | −62 | 29 | −40 | −51 | 18 | |
| Income tax receivable | −12 | −14 | −41 | 62 | 10 | |
| Prepaid expenses and other current assets | −19 | −30 | −20 | 910,000 | −24 | |
| Accounts payable | 18 | 11 | 41 | −18 | −45 | |
| Operating lease liabilities | −11 | −12 | −12 | −12 | −7 | |
| Accrued liabilities | −3 | 43 | 13 | −24 | −25 | |
| Deferred revenue | 70 | 91 | 59 | 59 | 45 | |
| Other long-term liabilities | −842,000 | 5 | −376,000 | 10 | −2 | |
| Net cash provided by operating activities | 654 | 625 | 380 | 381 | 372 | |
| Additions to property and equipment | −16 | −21 | −21 | −23 | −34 | |
| Purchase of marketable security investments | −228 | −32 | −11 | −30 | −77 | |
| Proceeds and maturities from marketable security investments | 122 | 16 | 49 | 71 | 131 | |
| Investment in software development | −17 | −29 | −32 | −28 | −22 | |
| Cost of acquisitions, net of cash acquired | −84 | −1 | −63 | −164 | −2,090 | |
| Other | 526,000 | 173,000 | 13,000 | 443,000 | 384,000 | |
| Net cash used by investing activities | −222 | −68 | −77 | −173 | −2,091 | |
| Payment on term loans | 0 | −50 | −345 | −360 | −145 | |
| Payment of debt issuance costs | 0 | −3 | 0 | 0 | −27 | |
| Purchase of treasury shares | 175 | 0 | 0 | 0 | −13 | |
| Proceeds from exercise of stock options, net of withheld shares for taxes upon equity award settlement | 3 | 57 | 17 | −890,000 | 97 | |
| Contributions from employee stock purchase plan | 19 | 18 | 16 | 17 | 13 | |
| Other | −8 | 0 | 0 | — | — | |
| Net cash (used) provided by financing activities | −160 | 22 | −312 | −344 | 1,425 | |
| Net increase (decrease) in cash and cash equivalents | 271 | 579 | −8 | −135 | −294 | |
| Cash paid for interest | 2 | 3 | 19 | 21 | 18 | |
| Cash paid for income taxes, net | 41 | 84 | 143 | 38 | 2 | |
| Non-cash additions to property and equipment | 312,000 | 254,000 | 3 | 169,000 | 233,000 | |
| Issuance of shares for acquisitions | 0 | 0 | 6 | 18 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is TYLER TECHNOLOGIES INC's CIK number?
TYLER TECHNOLOGIES INC's SEC CIK number is 0000860731 (860731). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find TYLER TECHNOLOGIES INC's SEC filings?
All of TYLER TECHNOLOGIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did TYLER TECHNOLOGIES INC last report earnings?
TYLER TECHNOLOGIES INC (TYL) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000860731-26-000031). This is TYLER TECHNOLOGIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is TYLER TECHNOLOGIES INC's most recent earnings 8-K?
TYLER TECHNOLOGIES INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000860731-26-000031. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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