Logo: https://www.tylertech.com/, Non-free logo, via Wikipedia5
American technology company
Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.3Wikipedia text CC BY-SA 4.0
Tyler Technologies, Inc. is an American technology company based in Plano, Texas, that provides proprietary software to the U.S. public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue101112139$2.3B in 2025+115% since 2019Gross profit101112139$1.1B in 2025+110% since 2019Operating income101112139$357.7M in 2025+129% since 2019Net income101112139$315.6M in 2025+115% since 2019
Revenue1415$645.1M in Q2 FY2026+5% since Q1 FY2026Gross profit1415$307.1M in Q2 FY2026+4% since Q1 FY2026Operating income1415$95.1M in Q2 FY2026−5% since Q1 FY2026Net income1415$93.5M in Q2 FY2026+15% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Total revenues
$2.3B
$2.1B
$2.0B
Total cost of revenues
$1.2B
$1.2B
$1.1B
Gross profit
$1.1B
$935.8M
$861.1M
Sales and marketing expense
$148.6M
$157.7M
$149.8M
General and administrative expense
$316.4M
$300.9M
$308.6M
Research and development expense
$204.6M
$117.9M
$109.6M
Amortization of other intangibles
$56.4M
$59.6M
$74.6M
Operating income
$357.7M
$299.5M
$218.5M
Interest expense
-$5.0M
-$5.9M
-$23.6M
Other income, net
$37.6M
$14.6M
$3.3M
Income before income taxes
$390.3M
$308.2M
$198.2M
Income tax provision
$74.7M
$45.1M
$32.3M
Net income
$315.6M
$263.0M
$165.9M
Basic (in dollars per share)
$7.32
$6.17
$3.95
Diluted (in dollars per share)
$7.20
$6.05
$3.88
No quarter-by-quarter statement was filed.
Total assets101112139$5.6B in 2025+157% since 2019Total liabilities101112139$1.9B in 2025+212% since 2020Shareholders’ equity1112139$3.7B in 2025+129% since 2019Cash16101112139$1.0B in 2025+336% since 2019Long-term debt1112139$599.7M in 2025−54% since 2021
Total assets1415$5.8B in Q2 FY2026+3% since Q1 FY2025Total liabilities1415$2.8B in Q2 FY2026+43% since Q1 FY2025Shareholders’ equity1415$3.0B in Q2 FY2026−18% since Q1 FY2025Cash1415$895.4M in Q2 FY2026−12% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$1.0B
$744.7M
Accounts receivable (less allowance for losses and sales adjustments of $31,972 in 2025 and $17,325 in 2024)
$638.8M
$587.6M
Short-term investments
$81.8M
$23.3M
Prepaid expenses
$74.7M
$65.1M
Income tax receivable
$23.7M
$12.0M
Other current assets
$9.4M
$8.1M
Total current assets
$1.8B
$1.4B
Accounts receivable, long-term
$6.0M
$7.2M
Operating lease right-of-use assets
$35.6M
$31.4M
Property and equipment, net
$160.4M
$163.8M
Software development costs, net
$68.4M
$76.1M
Goodwill
$2.6B
$2.5B
$2.5B
Other intangibles, net
$780.4M
$832.0M
Non-current investments
$60.7M
$10.8M
Other non-current assets
$93.6M
$86.4M
Total assets
$5.6B
$5.2B
Accounts payable
$174.7M
$156.8M
Accrued liabilities
$190.7M
$197.7M
Operating lease liabilities
$9.6M
$9.6M
Deferred revenue
$780.8M
$701.4M
Current portion of convertible senior notes due 2026, net
$599.7M
$0
Total current liabilities
$1.8B
$1.1B
Convertible senior notes due 2026, net
$0
$597.9M
Deferred revenue, long-term
$21.0M
$22.4M
Deferred income taxes
$95.1M
$47.5M
Operating lease liabilities, long-term
$33.3M
$30.8M
Other long-term liabilities
$31.3M
$27.4M
Total liabilities
$1.9B
$1.8B
Commitments and contingencies
$0
$0
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued
$0
$0
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2025 and 2024
$481.0K
$481.0K
Additional paid-in capital
$1.6B
$1.5B
Accumulated other comprehensive loss, net of tax
-$11.0K
-$157.0K
Retained earnings
$2.2B
$1.9B
Treasury stock, at cost; 5,027,037 and 5,184,092 shares in 2025 and 2024, respectively
-$96.2M
-$18.0M
Total shareholders' equity
$3.7B
$3.4B
$2.9B
$2.6B
Total liabilities and shareholders' equity
$5.6B
$5.2B
Accounts receivable, allowance for doubtful accounts
$32.0M
$17.3M
$22.8M
Preferred stock, par value (in dollars per share)
$10.00
$10.00
Preferred stock, shares authorized (in shares)
1.0M shares
1.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.01
$0.01
Common stock, shares authorized (in shares)
100.0M shares
100.0M shares
Common stock, shares issued (in shares)
48.1M shares
48.1M shares
Treasury stock (in shares)
5.0M shares
5.2M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$1.0B
$744.7M
Accounts receivable (less allowance for losses and sales adjustments of $31,972 in 2025 and $17,325 in 2024)
$638.8M
$587.6M
Short-term investments
$81.8M
$23.3M
Prepaid expenses
$74.7M
$65.1M
Income tax receivable
$23.7M
$12.0M
Other current assets
$9.4M
$8.1M
Total current assets
$1.8B
$1.4B
Accounts receivable, long-term
$6.0M
$7.2M
Operating lease right-of-use assets
$35.6M
$31.4M
Property and equipment, net
$160.4M
$163.8M
Software development costs, net
$68.4M
$76.1M
Goodwill
$2.6B
$2.5B
$2.5B
Other intangibles, net
$780.4M
$832.0M
Non-current investments
$60.7M
$10.8M
Other non-current assets
$93.6M
$86.4M
Total assets
$5.6B
$5.2B
Accounts payable
$174.7M
$156.8M
Accrued liabilities
$190.7M
$197.7M
Operating lease liabilities
$9.6M
$9.6M
Deferred revenue
$780.8M
$701.4M
Current portion of convertible senior notes due 2026, net
$599.7M
$0
Total current liabilities
$1.8B
$1.1B
Convertible senior notes due 2026, net
$0
$597.9M
Deferred revenue, long-term
$21.0M
$22.4M
Deferred income taxes
$95.1M
$47.5M
Operating lease liabilities, long-term
$33.3M
$30.8M
Other long-term liabilities
$31.3M
$27.4M
Total liabilities
$1.9B
$1.8B
Commitments and contingencies
$0
$0
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued
$0
$0
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2025 and 2024
$481.0K
$481.0K
Additional paid-in capital
$1.6B
$1.5B
Accumulated other comprehensive loss, net of tax
-$11.0K
-$157.0K
Retained earnings
$2.2B
$1.9B
Treasury stock, at cost; 5,027,037 and 5,184,092 shares in 2025 and 2024, respectively
-$96.2M
-$18.0M
Total shareholders' equity
$3.7B
$3.4B
$2.9B
$2.6B
Total liabilities and shareholders' equity
$5.6B
$5.2B
Accounts receivable, allowance for doubtful accounts
$32.0M
$17.3M
$22.8M
Preferred stock, par value (in dollars per share)
$10.00
$10.00
Preferred stock, shares authorized (in shares)
1.0M shares
1.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.01
$0.01
Common stock, shares authorized (in shares)
100.0M shares
100.0M shares
Common stock, shares issued (in shares)
48.1M shares
48.1M shares
Treasury stock (in shares)
5.0M shares
5.2M shares
Cash from operations101112139$653.5M in 2025+157% since 2019Capital spending101112139$16.0M in 2025−57% since 2019Free cash flow101112139$637.5M in 2025+193% since 2019Share buybacks1011129$174.7M in 2025+882% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$315.6M
$263.0M
$165.9M
Depreciation and amortization
$138.4M
$143.4M
$154.1M
Gains (losses) from sale of investments
-$8.0K
$24.0K
$1.0K
Share-based compensation expense
$151.3M
$122.8M
$108.3M
Provision (reductions in allowance) for losses and sales adjustments - accounts receivable
$14.6M
-$5.5M
$8.2M
Amortization of operating lease right-of-use assets
$9.5M
$8.9M
$16.7M
Deferred income tax provision (benefit)
$43.9M
-$30.7M
-$73.7M
Other
$80.0K
$207.0K
$475.0K
Accounts receivable
-$61.7M
$28.8M
-$39.9M
Income tax receivable
-$12.0M
-$14.4M
-$41.2M
Prepaid expenses and other current assets
-$18.9M
-$29.8M
-$19.7M
Accounts payable
$17.8M
$10.5M
$41.5M
Operating lease liabilities
-$11.1M
-$11.7M
-$11.5M
Accrued liabilities
-$3.3M
$43.4M
$13.1M
Deferred revenue
$70.3M
$90.8M
$58.5M
Other long-term liabilities
-$842.0K
$4.8M
-$376.0K
Net cash provided by operating activities
$653.5M
$624.6M
$380.4M
Additions to property and equipment
-$16.0M
-$20.5M
-$20.5M
Purchase of marketable security investments
-$228.5M
-$32.4M
-$10.6M
Proceeds and maturities from marketable security investments
$121.9M
$16.0M
$49.4M
Investment in software development
-$16.8M
-$29.4M
-$32.5M
Cost of acquisitions, net of cash acquired
-$83.7M
-$1.4M
-$62.8M
Other
$526.0K
$173.0K
$13.0K
Net cash used by investing activities
-$222.5M
-$67.6M
-$77.0M
Payment on term loans
$0
-$50.0M
-$345.0M
Payment of debt issuance costs
$0
-$2.6M
$0
Purchase of treasury shares
$174.7M
$0
$0
Proceeds from exercise of stock options, net of withheld shares for taxes upon equity award settlement
$3.1M
$57.2M
$17.0M
Contributions from employee stock purchase plan
$18.8M
$17.6M
$16.2M
Other
-$7.7M
$0
$0
Net cash (used) provided by financing activities
-$160.4M
$22.2M
-$311.8M
Net increase (decrease) in cash and cash equivalents
Tyler Technologies sits at the top of its group. 66 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Tyler Technologies
NORGES BANKFiled SCHEDULE 13G on Tyler Technologies, latest May 11, 2026
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Tyler Technologies, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
BlackRockFiled SCHEDULE 13G/A on Tyler Technologies, latest Feb 5, 2025 (5 filings since Jan 25, 2022)
Tyler TechnologiesPlano, Texas, United States
Alabama Interactive, LLC Subsidiary · Alabama, United States
ARInspect India Pty Ltd. Subsidiary · India
ARInspect, LLC Subsidiary · Delaware, United States
Arkansas Information Consortium, LLC Subsidiary · Arkansas, United States
Colorado Interactive, LLC Subsidiary · Colorado, United States
Computing System Innocations, LLC Subsidiary · Delaware, United States
Connecticut Interactive, LLC Subsidiary · Connecticut, United States
Construction Registry Services, LLC Subsidiary · Utah, United States
Delaware Interactive, LLC Subsidiary · Delaware, United States
Edu.Link Incorporated Subsidiary · Pennsylvania, United States
Emergency Networking Inc. Subsidiary · Delaware, United States
Florida Interactive, LLC Subsidiary · Florida, United States
Harris Custom Programming, LLC Subsidiary · Georgia, United States
Hawaii Information Consortium, LLC Subsidiary · Hawaii, United States
Idaho Information Consortium, LLC Subsidiary · Idaho, United States
Illinois Interactive, LLC Subsidiary · Illinois, United States
Indiana Interactive, LLC Subsidiary · Indiana, United States
Kansas Information Consortium, LLC Subsidiary · Kansas, United States
Kentucky Interactive, LLC Subsidiary · Kentucky, United States
Local Government Online Indiana, LLC Subsidiary · Indiana, United States
Louisiana Interactive, LLC Subsidiary · Louisiana, United States
Maine Information Network, LLC Subsidiary · Maine, United States
Maryland Interactive, LLC Subsidiary · Maryland, United States
Michigan Interactive, LLC Subsidiary · Michigan, United States
MicroPact Philippines, Inc. Subsidiary · Philippines
and 40 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Tyler Technologies reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We occupy a total of approximately 1.4 million square feet of office space, of which approximately 777,000 square feet is in various office facilities we own. We own or lease offices for our major operations in the states of Arkansas, Arizona, California, Colorado, Connecticut, Georgia, Illinois, Indiana, Kansas, Massachusetts, Maine, Michigan, Missouri, Montana, New York, Ohio, Tennessee, Texas, Virginia, Washington, Washington D.C., Wisconsin, Ontario and British Columbia, Canada, the Philippines and India.
Tyler Technologies was founded by Joseph F. McKinney in 1966 as Saturn Industries after buying three government companies from Ling-Temco-Vought. In 1968, the company acquired Tyler Pipe, a manufacturer of iron pipes, which eventually became the company's main source of annual revenue. Tyler Pipe was later renamed Tyler Corporation as a result of its success. In 1969, Saturn Industries was listed on the New York Stock Exchange. In 1970, the company changed its name to Tyler Corporation. Tyler Corporation entered the government software market in 1998. Tyler Corporation changed its name to Tyler Technologies in 1999.
The company's public sector software includes eight categories: appraisal and tax software and services, integrated software for courts and justice agencies, data and insights services, enterprise financial software systems, planning/regulatory/maintenance software, public safety software, records/document management software, and transportation software for schools.
In 2014, people in Marion County, Indiana sued claiming they had been wrongfully jailed. In 2016, public defenders in Alameda County, California found dozens of people wrongfully arrested or wrongfully jailed after switching to Tyler’s Odyssey Case Manager software. An October 2021 report from Lubbock County, Texas, cited problems with Tyler Technologies software there as well as in numerous other jurisdictions. In 2021, a $4.9 million federal class action lawsuit was being settled with the county paying $2.45 million and Tyler $816,668. In December 2020, the District Clerk of Wichita Falls, Texas, said they were still experiencing problems they had had since they implemented Tyler Technologies Odyssey Case Manager in July 2019, almost 1.5 years earlier. In December 2021, everythingLubbock.com reported that four months after Lubbock County, Texas, switched their court records to Tyler Technologies software, a trial attorney said, “The rollout of this Tyler system has been an absolute debacle".
In November 2016, Washington County, Pennsylvania, paid Tyler Technologies $1.6 million over their original contract amount of $6.96 million, including paying Tyler Technologies personnel to testify as expert witnesses in county court responding to property owners' complaints.
In 2021, Tyler Technologies paid $3 million to settle a federal class action lawsuit claiming that it had required some employees to work overtime and had not paid them for that time.
Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.32 a share, on Oct 29, 2025.56
When it reported results
Jul 29, 2026Reported quarterly or annual results45
Apr 29, 2026Reported quarterly or annual results52
Feb 11, 2026Reported quarterly or annual results55
Oct 29, 2025Reported quarterly or annual results57
Jul 30, 2025Reported quarterly or annual results58
Apr 23, 2025Reported quarterly or annual results59
Feb 12, 2025Reported quarterly or annual results60
Oct 23, 2024Reported quarterly or annual results61
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
500 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 43 major events, 273 insider forms, 13 large holders, 150 other. The latest 20:
171 open-market trades by officers, directors and large owners since October 2021: 3 buys and 168 sales. Grants, option exercises and gifts are left out.
BlackRockSCHEDULE 13G/A, 5 filings Jan 25, 2022 to Feb 5, 202566
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Tyler Technologies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Tyler Technologies names in Item 1A of its 10-K filed Feb 18, 2026: 34 risks under these headings, as written.17
Risks Associated with Our Business, Including Our Software Products
Cyber-attacks, the use of artificial intelligence and security vulnerabilities can disrupt our business and harm our competitive position.
Disclosure of personally identifiable information and/or other sensitive client data could result in liability and harm our reputation.
We depend on third parties with whom we engage or collaborate for certain projects, deliverables, and/or financial transaction processes. If these parties fail to satisfy their obligations to us or we are unable to maintain these relationships, our operating results and business prospects could be adversely affected.
We rely on third-party providers—including Amazon Web Services (AWS)—for hosting services and other technology-related services needed to deliver certain of our cloud solutions and other functionality. Any disruption in the services provided by such third-party providers could adversely affect our business and subject us to liability.
Material portions of our business require the Internet infrastructure to be reliable.
We employ third-party licensed software and software components for use in or with our solutions, and the inability to maintain these licenses or the presence of errors or security vulnerabilities in the software we license could limit the functionality of our products and result in increased costs or reduced service levels, which would adversely affect our business.
Certain of our solutions utilize open source software, and any failure to comply with the terms of one or more of these open source licenses could adversely affect our business.
We run the risk of errors or defects with new products or enhancements to existing products.
We must timely adapt to and implement technological changes to be remain competitive.
We may be unable to protect our proprietary rights.
Clients may elect to terminate our recurring contracts and manage operations internally.
The other 23 risks
Risks Associated with Selling Products and Services into the Public Sector Marketplace
Selling products and services into the public sector poses unique challenges.
Global health crises, such as a pandemic, may adversely affect our business and results of operations.
A prolonged economic slowdown could harm our operations.
The open bidding process creates uncertainty in predicting future contract awards.
We face significant competition from other vendors and potential new entrants into our markets.
Fixed-price contracts may affect our profits.
Changes in the insurance markets may affect our business.
Risks Related to Our Indebtedness
Servicing our indebtedness requires a significant amount of cash. If a fundamental change occurs, we may not have sufficient cash flow from our business to pay our indebtedness, and we may not otherwise have the ability to raise the funds necessary to settle for cash conversions of the Convertible Senior Notes or to repurchase the Convertible Senior Notes, or to repay our indebtedness obligations under our 2024 Credit Agreement, each of which could adversely affect our business and results of operations.
Covenant restrictions under our indebtedness may limit our ability to operate our business and may adversely affect our financial condition, results of operations, and earnings per share.
Variable rate indebtedness subjects the Company to interest rate risk, which could cause our debt service obligations to increase significantly.
Fluctuation in inflation and interest rate could adversely affect our financial condition and results of operations.
Risks Associated with Our Periodic Results and Stock Price
Fluctuations in quarterly revenues could adversely impact our operating results and stock price.
Increases in our investment in research and development could decrease overall margins.
Our stock price may be volatile.
Our financial outlook may not be realized.
Risks Associated with Our Growth Strategy and Other General Corporate Risks
We may experience difficulties in executing our acquisition strategy.
Our failure to properly manage growth could adversely affect our business.
Increases in labor costs, including wages, and an overall tightening of the U.S labor market, generally, or as the result of changing U.S. policy could adversely affect our business, results of operations or financial condition.
We may be unable to hire, integrate, and retain qualified personnel.
Compliance with changing regulation of corporate governance may result in additional expenses.
Evolving legal and regulatory landscape over artificial intelligence technologies creates uncertainties.
We do not foresee paying dividends on our common stock.
Provisions in our certificate of incorporation, bylaws, and Delaware law could deter takeover attempts.
Legal proceedings
During the first quarter of 2022, we received a notice of termination for convenience under a contractual arrangement with a state government client. Upon receipt of the termination notice, we ceased performing services under the contractual arrangement and sought payment of contractually owed fees in connection with the termination for convenience.
The client was unresponsive to our outreach for several months, and on August 23, 2022, we filed a lawsuit to enforce our rights and remedies under the applicable contractual arrangement. The client subsequently asked us to negotiate directly with the client to attempt to resolve the dispute. The negotiations were not successful, and on March 20, 2024, we reinitiated our lawsuit. A December 2025 mediation did not result in a resolution of the dispute. Although we believe our products and services were delivered in accordance with the terms of our contract and that we are entitled to payment in connection with the termination for convenience, at this time the matter remains unresolved. We can provide no assurances that we will not incur additional costs as we pursue our rights and remedies under the contract.