Tyler Technologies

Information Technology Application Software Plano, Texas Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$2.3B
                    3y CAGR +8.0%
                    
                    P62
                    
                    +9.1%
                    
                    Net income
                    FY2025
                
$315.6M
                    Net margin +13.5%
                    
                    P39
                    
                    +20.0%
                    
                    Total assets
                    FY2025
                
$5.6B
                    ROA +5.6%
                    
                    P26
                    
                    +8.9%
                    
                    Operating cash flow
                    FY2025
                
$653.5M
                    FCF margin +27.3%
                    
                    P71
                    
                    +4.6%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $5.6B

Total liabilities $1.9B

Shareholders equity $3.7B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	43.5%	34.8%	8.5%	9.4%	19.4%
Short Term Investments	3.5%	1.1%	0.5%	2.0%	3.3%
Accounts Receivable	27.4%	27.5%	31.8%	31.2%	32.7%
Prepaid Expenses	3.2%	3.0%	2.8%	2.7%	3.5%
Other Current Assets	0.4%	0.4%	0.5%	0.4%	0.5%
Total Current Assets	79.1%	67.4%	44.1%	45.8%	60.6%
Property,Plant and Equipment	6.9%	7.7%	8.7%	9.3%	11.4%
Operating Lease Assets	1.5%	1.5%	2.0%	2.8%	2.5%
Goodwill	111.0%	118.4%	129.7%	134.5%	148.2%
Intangible Assets	33.5%	38.9%	47.6%	54.2%	66.1%
Long Term Investments	2.6%	0.5%	0.4%	1.0%	2.9%
Other Noncurrent Assets	4.0%	4.0%	3.2%	2.7%	2.9%
Total Assets	241.8%	242.3%	239.6%	253.3%	297.2%
Liabilities
Accounts Payable	7.5%	7.3%	7.5%	5.7%	7.5%
Accrued Liabilities	8.2%	9.2%	8.1%	7.1%	9.9%
Deferred Revenue	33.5%	32.8%	32.4%	30.7%	32.1%
Operating Lease Liabilities	0.4%	0.5%	0.6%	0.6%	0.7%
Other Current Liabilities	1.3%	1.3%	1.2%	0.9%	0.2%
Total Current Liabilities	75.3%	49.8%	51.3%	48.1%	52.1%
Deferred Revenue Noncurrent	0.9%	1.0%	0.0%	0.1%	0.0%
Operating Lease Liabilities Noncurrent	1.4%	1.4%	2.0%	2.6%	2.3%
Deferred Tax Liabilities	4.1%	11.4%	13.5%	15.0%	18.1%
Other Noncurrent Liabilities	1.3%	1.3%	1.2%	0.9%	0.2%
Total Liabilities	83.0%	83.8%	89.1%	111.5%	151.2%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	69.3%	72.0%	69.4%	65.4%	67.6%
Retained Earnings	93.6%	87.3%	82.2%	77.7%	80.0%
Treasury Stock	4.1%	0.8%	1.1%	1.2%	1.6%
Accumulated Other Comprehensive Income	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%
Total Stockholders Equity	158.8%	158.5%	150.5%	141.8%	146.0%
Total Liabilitiesand Equity	241.8%	242.3%	239.6%	253.3%	297.2%

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $2.3B

Operating income $357.7M

Net income $315.6M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	53.5%	56.2%	55.9%	57.6%	55.4%
Expenses Selling,General and Administrative	13.6%	14.1%	15.8%	14.4%	24.5%
Expenses Depreciation and Amortization	5.9%	6.7%	7.9%	8.6%	8.5%
Expenses Share Based Compensation	6.5%	5.7%	5.6%	5.6%	6.6%
Other Income Expense Gross Profit	46.5%	43.8%	44.1%	42.4%	44.6%
Other Income Expense Operating Income	15.3%	14.0%	11.2%	11.6%	11.4%
Other Income Expense Interest Expense	0.2%	0.3%	1.2%	1.5%	1.5%
Other Income Expense Other Income/expense	1.6%	0.7%	0.2%	0.1%	0.1%
Other Income Expense Income Before Tax	16.7%	14.4%	10.2%	10.1%	10.0%
Income Tax Income Tax Expense	3.2%	2.1%	1.7%	1.3%	-0.2%
net Income net Income	13.5%	12.3%	8.5%	8.9%	10.1%
net Income Comprehensive Income	13.5%	12.3%	8.5%	8.8%	10.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.8%	2.0%	2.2%	2.2%	2.6%
Earnings Per Share Weighted Average Shares Diluted	1.9%	2.0%	2.2%	2.3%	2.7%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $653.5M

Investing cash flow $-222.5M

Financing cash flow $-160.4M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	13.5%	12.3%	8.5%	8.9%	10.1%
Operating Activities Depreciation and Amortization	5.9%	6.7%	7.9%	8.6%	8.5%
Operating Activities Stock Based Compensation	6.5%	5.7%	5.6%	5.6%	6.6%
Operating Activities Deferred Income Taxes	1.9%	-1.4%	-3.8%	-4.7%	-0.8%
Operating Activities Changes In Operating Assets and Liabilities	7.1%	6.8%	8.8%	3.7%	-1.2%
Operating Activities net Cash From Operating Activities	28.0%	29.2%	19.5%	20.6%	23.3%
Investing Activities Capital Expenditures	0.7%	1.0%	1.1%	1.2%	2.1%
Investing Activities Business Acquisitions	3.6%	0.1%	3.2%	8.9%	131.2%
Investing Activities Purchases of Investments	9.8%	1.5%	0.5%	1.6%	4.9%
Investing Activities Proceeds From Sale of Investments	5.2%	0.7%	2.5%	3.8%	8.3%
Investing Activities Other Investing Activities	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%
Investing Activities net Cash From Investing Activities	-9.5%	-3.2%	-3.9%	-9.3%	-131.3%
Financing Activities Repurchase of Common Stock	7.5%	0.0%	0.0%	0.0%	0.8%
Financing Activities Proceeds From Stock Issuance	0.8%	0.8%	0.8%	0.9%	6.1%
Financing Activities Tax Withholding On Stock Based Compensation	2.0%	1.9%	1.4%	1.5%	1.7%
Financing Activities Other Financing Activities	-0.3%	0.0%	0.0%	—	—
Financing Activities net Cash From Financing Activities	-6.9%	1.0%	-16.0%	-18.6%	89.5%
Cash Reconciliation Effect of Exchange Rate On Cash	43.5%	34.8%	8.5%	9.4%	19.4%
Cash Reconciliation net Change In Cash	11.6%	27.1%	-0.4%	-7.3%	-18.5%
Cash Reconciliation Cash At Beginning of Period	43.5%	34.8%	8.5%	9.4%	19.4%
Cash Reconciliation Cash At End of Period	43.5%	34.8%	8.5%	9.4%	19.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+46.5%	+43.8%	+44.1%	+42.4%	+44.6%
Operating margin	+15.3%	+14.0%	+11.2%	+11.6%	+11.4%
Net margin	+13.5%	+12.3%	+8.5%	+8.9%	+10.1%
FCF margin	+27.3%	+28.3%	+18.4%	+19.4%	+21.2%
Growth
Revenue CAGR (3y)	+8.0%	+10.3%	+20.5%	+19.4%	+19.4%
Returns
ROE	+8.5%	+7.8%	+5.6%	+6.3%	+6.9%
ROA	+5.6%	+5.1%	+3.5%	+3.5%	+3.4%
ROIC	—	+7.9%	+5.4%	+5.5%	+6.5%
Liquidity
Current ratio	1.05x	1.35x	0.86x	0.95x	1.16x
Quick ratio	0.94x	1.25x	0.78x	0.84x	1.00x
Leverage
D/E	0.52x	0.53x	0.59x	0.79x	1.04x
Interest coverage	71.61x	50.50x	9.25x	7.55x	7.76x
Efficiency
Asset turnover	0.41x	0.41x	0.42x	0.39x	0.34x
Cash conversion cycle	—	—	—	—	—

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Tyler Technologies

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