TYLER TECHNOLOGIES INCTYL

TYLER TECHNOLOGIES INC Earnings Per Share Disclosure

10-KFiled Feb 18, 20262 min read
EARNINGS PER SHARE
The following table details the reconciliation of basic earnings per share to diluted earnings per share:
 Years Ended December 31,
 202520242023
Numerator for basic and diluted earnings per share:   
Net income$315,603 $263,026 $165,919 
Denominator:   
Weighted-average basic common shares outstanding43,095 42,611 42,024 
Assumed conversion of dilutive securities:   
Stock awards590 793 745 
Convertible Senior Notes127 93 — 
Denominator for diluted earnings per share - Adjusted weighted-average shares43,812 43,497 42,769 
Earnings per common share:   
Basic$7.32 $6.17 $3.95 
Diluted$7.20 $6.05 $3.88 
Stock awards representing the right to purchase common stock of approximately 66,000 shares in 2025, 67,000 shares in 2024, and 343,000 shares in 2023, were not included in the computation of diluted earnings per share because their inclusion would have had an antidilutive effect.
We have used the if-converted method for calculating any potential dilutive effect of the Convertible Senior Notes on our diluted net income per share if our average stock price for the period exceeded the conversion price of $493.44 per share of common stock. Under the if-converted method, the Notes are assumed to be converted at the beginning of the period and the resulting common shares, if dilutive, are included in the denominator of the diluted earnings per share calculation for the entire period being presented. For the twelve months ended December 31, 2025 and 2024, our average stock price for the period exceeded the conversion price resulting in a dilutive impact of the if-converted method as reflected in the table above. For the twelve months ended December 31, 2023, our average stock price for the period did not exceed the conversion price, therefore there was no dilutive impact as reflected in the table above.
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Historical Timeline

Fiscal YearFiled
2025Feb 18, 2026Showing above
2024Feb 19, 2025
2023Feb 21, 2024
2022Feb 22, 2023
2021Feb 23, 2022
2020Feb 19, 2021
2019Feb 19, 2020
2018Feb 20, 2019
2017Feb 21, 2018
2016Feb 22, 2017
2015Feb 24, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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