TYLER TECHNOLOGIES INC TYL
Tyler Technologies, Inc. ("Tyler" or "Company") is a leading provider of integrated software and technology management solutions for the public sector. Our solutions empower local, state, and federal government entities to create smarter, safer, and stronger communities. We offer the broadest range of software solutions and services designed for every level of public sector government agency. Our solutions deliver mission-critical technology to support the essential functions of government, including public safety, justice, public health, taxation and budgeting, infrastructure and land use, outdoor recreation, utility and civic services, regulation, K-12 education, and social services. We provide both the back-office systems-of-record that serve the operational needs of specific government agencies, as well as platform technology solutions that are designed to integrate with our back-office solutions and be deployed and connected across many agencies. Examples of transformative platform technologies include our market-leading payments platform, data platform, low-code application development platform, and digital resident experience solutions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.33B | $2.14B | $1.95B | $1.85B | $1.59B | $1.12B | $1.09B | $935.3M | $840.9M | $759.9M |
| Cost of revenue | $1.25B | $1.20B | $1.09B | $1.07B | $882.6M | $574.2M | $569.5M | $495.7M | $441.5M | $400.7M |
| Gross profit | $1.08B | $935.8M | $861.1M | $783.9M | $709.6M | $542.5M | $516.9M | $439.6M | $399.4M | $359.2M |
| SG&A | $316.4M | $300.9M | $308.6M | $267.3M | $272.0M | $161.1M | $257.7M | $207.6M | $175.9M | $165.2M |
| Operating income | $357.7M | $299.5M | $218.5M | $214.2M | $180.7M | $172.9M | $156.4M | $152.5M | $162.8M | $137.7M |
| Interest expense | $5.0M | $5.9M | $23.6M | $28.4M | $23.3M | $1.0M | $2.0M | — | — | — |
| Pre-tax income | $390.3M | $308.2M | $198.2M | $187.6M | $159.0M | $175.0M | $159.8M | $155.9M | $163.5M | $135.7M |
| Income tax | $74.7M | $45.1M | $32.3M | $23.4M | $2.5M | $19.8M | $13.3M | $8.4M | $6.1M | $22.0M |
| Net income | $315.6M | $263.0M | $165.9M | $164.2M | $161.5M | $194.8M | $146.5M | $147.5M | $169.6M | $113.7M |
| EPS, basic | 7.32 | 6.17 | 3.95 | 3.95 | 3.95 | 4.87 | 3.79 | 3.84 | 4.55 | 3.12 |
| EPS, diluted | 7.20 | 6.05 | 3.88 | 3.87 | 3.82 | 4.69 | 3.65 | 3.68 | 4.32 | 2.92 |
| Shares, diluted (wtd. avg.) | $43.8M | $43.5M | $42.8M | $42.4M | $42.2M | $41.5M | $40.1M | $40.1M | $39.2M | $39.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.02B | $744.7M | $165.5M | $173.9M | $309.2M | $603.6M | $232.7M | $134.3M | $185.9M | $36.2M |
| Short-term investments | $81.8M | $23.3M | $10.4M | $37.0M | $52.3M | $72.2M | $39.4M | $44.3M | $43.2M | $20.3M |
| Receivables | $638.8M | $587.6M | $619.7M | $577.3M | $521.1M | $382.3M | $374.1M | $298.9M | $246.2M | $200.3M |
| Total current assets | $1.84B | $1.44B | $860.6M | $847.2M | $964.3M | $1.11B | $679.7M | $518.9M | $520.8M | $283.0M |
| Property, plant and equipment | $160.4M | $163.8M | $169.7M | $172.8M | $181.2M | $168.0M | $171.9M | $155.2M | $152.3M | $124.3M |
| Goodwill | $2.59B | $2.53B | $2.53B | $2.49B | $2.36B | $838.4M | $840.1M | $753.7M | $658.0M | $650.2M |
| Other intangibles | $780.4M | $832.0M | $928.9M | $1.00B | $1.05B | $322.1M | $378.9M | $276.9M | $229.6M | $267.3M |
| Total assets | $5.64B | $5.18B | $4.68B | $4.69B | $4.73B | $2.61B | $2.19B | $1.79B | $1.61B | $1.38B |
| Accounts payable | $174.7M | $156.8M | $146.3M | $104.8M | $120.0M | $14.0M | $15.0M | $6.9M | $8.2M | $7.3M |
| Short-term debt | — | $0 | $49.8M | $30.0M | $30.0M | — | — | — | — | — |
| Total current liabilities | $1.76B | $1.07B | $1.00B | $889.7M | $829.5M | $564.3M | $509.1M | $423.9M | $371.5M | $361.5M |
| Long-term debt | $599.7M | $597.9M | $596.2M | $957.4M | $1.31B | — | — | — | — | — |
| Total liabilities | $1.94B | $1.79B | $1.74B | $2.06B | $2.41B | $621.2M | — | — | — | — |
| Retained earnings | $2.18B | $1.87B | $1.60B | $1.44B | $1.27B | $1.11B | $917.3M | $771.9M | $624.5M | $435.9M |
| Total equity | $3.70B | $3.39B | $2.94B | $2.62B | $2.32B | $1.99B | $1.62B | $1.32B | $1.19B | $934.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $653.5M | $624.6M | $380.4M | $381.5M | $371.8M | $355.1M | $254.7M | $250.2M | $195.8M | $191.9M |
| Depreciation and amortisation | $138.4M | $143.4M | $154.1M | $159.1M | $135.6M | $81.7M | $76.7M | $61.8M | $53.4M | $49.8M |
| Stock-based compensation | $151.3M | $122.8M | $108.3M | $103.0M | $104.7M | $67.4M | $60.0M | $52.7M | $37.3M | $29.7M |
| Capital expenditure | $16.0M | $20.5M | $20.5M | $22.5M | $33.9M | $22.7M | $37.2M | $27.4M | $43.1M | $37.7M |
| Investing cash flow | -$222.5M | -$67.6M | -$77.0M | -$172.5M | -$2.09B | -$98.3M | -$245.0M | -$238.3M | -$85.4M | -$50.7M |
| Financing cash flow | -$160.4M | $22.2M | -$311.8M | -$344.2M | $1.42B | $114.2M | $88.7M | -$63.6M | $39.4M | -$138.1M |
| Buybacks | $174.7M | $0 | $0 | $0 | $13.0M | $15.5M | $17.8M | $146.6M | $7.5M | $111.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000860731-26-000016.
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