TYL

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Tyler Technologies, Inc.

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Key Metrics

Previous Close: $346.88
52-Week Range: $270.71 – $569.27
Market Cap: $14.26B
P/E (TTM): 45.81
EPS (TTM): 7.60
Dividend Yield: —

Advanced Metrics

Price/Book: 4.69
PEG Ratio: 1.69
Return on Equity: 9.73%
Return on Assets: 4.18%
Gross Margin: 47.21%
Operating Margin: 14.74%
Profit Margin: 13.36%
Current Ratio: 1.55
Debt/Equity: 0.48
Total Debt: $1.46B
Free Cash Flow: $594.44M
Revenue Growth: 8.20%
Earnings Growth: 15.50%
Enterprise Value: $14.69B

TYL Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.85B	$1.95B	$2.14B	$2.33B
Cost of Revenue	$1.07B	$1.09B	$1.20B	$1.25B
Gross Profit	$783.86M	$861.10M	$935.76M	$1.08B
Research & Development	$105.18M	$109.58M	$117.94M	$204.59M
Selling, General & Admin	$403.07M	$458.35M	$458.67M	$465.02M
Operating Expenses	$569.61M	$642.56M	$636.24M	$726.02M
Operating Income	$214.25M	$218.54M	$299.53M	$357.68M
EBITDA	$388.01M	$392.63M	$466.47M	$543.18M
Pretax Income	$187.59M	$198.24M	$308.17M	$390.32M
Income Tax	$23.35M	$32.32M	$45.14M	$74.72M
Net Income	$164.24M	$165.92M	$263.03M	$315.60M
Diluted EPS	3.87	3.88	6.05	7.20
Diluted Shares	42.40M	42.77M	43.50M	43.81M

TYL Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$173.86M	$165.49M	$744.72M	$1.02B
Receivables	$577.26M	$619.70M	$599.61M	$662.55M
Current Assets	$847.24M	$860.59M	$1.44B	$1.84B
Total Assets	$4.69B	$4.68B	$5.18B	$5.64B
Current Liabilities	$889.70M	$1.00B	$1.07B	$1.76B
Long-Term Debt	$957.39M	$596.21M	$597.93M	—
Total Debt	$1.05B	$696.89M	$638.37M	$642.61M
Total Liabilities	$2.06B	$1.74B	$1.79B	$1.94B
Retained Earnings	$1.44B	$1.60B	$1.87B	$2.18B
Shareholders' Equity	$2.62B	$2.94B	$3.39B	$3.70B
Working Capital	-$42.45M	-$140.55M	$375.17M	$88.44M
Net Debt	$813.53M	$480.51M	—	—

TYL Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$381.45M	$380.44M	$624.63M	$653.54M
Capital Expenditure	-$50.15M	-$53.01M	-$49.94M	-$32.79M
Free Cash Flow	$331.30M	$327.43M	$574.70M	$620.75M
Depreciation & Amortisation	$172.04M	$170.77M	$152.37M	$147.86M
Stock-Based Compensation	$102.98M	$108.34M	$122.81M	$151.28M
Investing Cash Flow	-$172.53M	-$76.96M	-$67.61M	-$222.49M
Financing Cash Flow	-$344.24M	-$311.84M	$22.21M	-$160.37M
Share Repurchases	$0.00	$0.00	$0.00	-$174.65M
Net Change in Cash	-$135.31M	-$8.36M	$579.23M	$270.68M

TYL Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$596.12M	$595.88M	$575.18M	$613.50M	$645.10M
Cost of Revenue	$322.93M	$314.43M	$313.20M	$317.07M	$338.04M
Gross Profit	$273.18M	$281.45M	$261.98M	$296.43M	$307.06M
Research & Development	$50.84M	$51.79M	$54.11M	$59.73M	$62.83M
Selling, General & Admin	$112.91M	$117.53M	$118.65M	$122.76M	$133.58M
Operating Expenses	$177.59M	$183.52M	$187.01M	$196.62M	$211.96M
Operating Income	$95.60M	$97.93M	$74.97M	$99.81M	$95.09M
EBITDA	$140.67M	$146.07M	$122.99M	$148.76M	$162.99M
Pretax Income	$102.51M	$107.55M	$84.96M	$106.42M	$120.63M
Income Tax	$17.89M	$23.16M	$19.43M	$25.24M	$27.12M
Net Income	$84.63M	$84.39M	$65.53M	$81.18M	$93.51M
Diluted EPS	1.93	1.93	1.50	1.88	2.23
Diluted Shares	43.93M	43.83M	43.54M	43.15M	41.85M

TYL Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$787.45M	$834.10M	$1.02B	$316.01M	$895.35M
Receivables	$732.01M	$698.75M	$662.55M	$587.61M	$748.67M
Current Assets	$1.72B	$1.74B	$1.84B	$1.04B	$1.82B
Total Assets	$5.43B	$5.46B	$5.64B	$4.80B	$5.81B
Current Liabilities	$1.67B	$1.69B	$1.76B	$1.04B	$1.17B
Long-Term Debt	—	—	—	—	$1.41B
Total Debt	$641.72M	$643.45M	$642.61M	$47.96M	$1.46B
Total Liabilities	$1.79B	$1.85B	$1.94B	$1.24B	$2.78B
Retained Earnings	$2.03B	$2.12B	$2.18B	$2.26B	$2.36B
Shareholders' Equity	$3.63B	$3.60B	$3.70B	$3.56B	$3.04B
Working Capital	$51.21M	$46.95M	$88.44M	$1.32M	$647.55M
Net Debt	—	—	—	—	$513.34M

TYL Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$98.31M	$255.19M	$243.88M	$107.26M	$124.41M
Capital Expenditure	-$10.34M	-$7.61M	-$6.96M	-$4.50M	-$5.90M
Free Cash Flow	$87.97M	$247.58M	$236.93M	$102.77M	$118.52M
Depreciation & Amortisation	$36.89M	$37.29M	$36.77M	$41.27M	$39.38M
Stock-Based Compensation	$38.30M	$36.67M	$38.65M	$37.16M	$43.66M
Investing Cash Flow	-$12.76M	-$55.18M	-$58.39M	$55.98M	-$258.37M
Financing Cash Flow	-$3.83M	-$153.36M	-$4.20M	-$862.63M	$713.30M
Share Repurchases	-$1.60M	-$173.04M	$0.00	-$250.06M	-$504.94M
Net Change in Cash	$81.72M	$46.65M	$181.30M	-$699.39M	$579.34M

Market Snapshot

About

Tyler Technologies, Inc. is a leading provider of integrated software and technology services for the public sector. The company offers enterprise software solutions for local governments, schools, courts, and other public entities including financial management, courts and justice, public safety, and appraisal and tax systems. Tyler serves more than 38,000 client locations across all 50 states and internationally.