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

Balance Sheet

Assets, liabilities, and equity

32 accounts · 3 years

Total assets $5.6B

Total liabilities $1.9B

Shareholders equity $3.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$1.0B 36.3%	$744.7M 350.0%	$165.5M
Short Term Investments	$81.8M 251.7%	$23.3M 123.9%	$10.4M
Accounts Receivable	$638.8M 8.7%	$587.6M -5.2%	$619.7M
Prepaid Expenses	$74.7M 14.7%	$65.1M 19.1%	$54.7M
Other Current Assets	$9.4M 16.8%	$8.1M -21.8%	$10.3M
Total Current Assets	$1.8B 28.0%	$1.4B 67.4%	$860.6M
Property,Plant and Equipment	$160.4M -2.1%	$163.8M -3.5%	$169.7M
Operating Lease Assets	$35.6M 13.3%	$31.4M -19.5%	$39.0M
Goodwill	$2.6B 2.3%	$2.5B 0.0%	$2.5B
Intangible Assets	$780.4M -6.2%	$832.0M -10.4%	$928.9M
Long Term Investments	$60.7M 464.2%	$10.8M 52.7%	$7.0M
Other Noncurrent Assets	$93.6M 8.4%	$86.4M 36.7%	$63.2M
Total Assets	$5.6B 8.9%	$5.2B 10.8%	$4.7B
Liabilities
Accounts Payable	$174.7M 11.4%	$156.8M 7.2%	$146.3M
Accrued Liabilities	$190.7M -3.5%	$197.7M 24.7%	$158.6M
Deferred Revenue	$780.8M 11.3%	$701.4M 10.8%	$632.9M
Operating Lease Liabilities	$9.6M -0.5%	$9.6M -12.8%	$11.1M
Other Current Liabilities	$31.3M 14.2%	$27.4M 21.0%	$22.6M
Total Current Liabilities	$1.8B 64.7%	$1.1B 6.4%	$1.0B
Deferred Revenue Noncurrent	$21.0M -6.2%	$22.4M 7589.3%	$291.0K
Operating Lease Liabilities Noncurrent	$33.3M 8.3%	$30.8M -22.7%	$39.8M
Deferred Tax Liabilities	$95.1M -60.8%	$242.8M -7.7%	$263.1M
Other Noncurrent Liabilities	$31.3M 14.2%	$27.4M 21.0%	$22.6M
Total Liabilities	$1.9B 8.1%	$1.8B 3.0%	$1.7B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$481.0K 0.0%	$481.0K 0.0%	$481.0K
Additional Paid In Capital	$1.6B 5.0%	$1.5B 13.6%	$1.4B
Retained Earnings	$2.2B 16.9%	$1.9B 16.4%	$1.6B
Treasury Stock	$96.2M 434.4%	$18.0M -13.1%	$20.7M
Accumulated Other Comprehensive Income	$-11.0K 93.0%	$-157.0K 51.8%	$-326.0K
Total Stockholders Equity	$3.7B 9.3%	$3.4B 15.3%	$2.9B
Total Liabilitiesand Equity	$5.6B 8.9%	$5.2B 10.8%	$4.7B

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $2.3B

Operating income $357.7M

Net income $315.6M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$2.3B 9.1%	$2.1B 9.5%	$2.0B
Expenses Cost of Revenue	$1.2B 3.9%	$1.2B 10.2%	$1.1B
Expenses Selling,General and Administrative	$316.4M 5.2%	$300.9M -2.5%	$308.6M
Expenses Depreciation and Amortization	$138.4M -3.5%	$143.4M -6.9%	$154.1M
Expenses Share Based Compensation	$151.3M 23.2%	$122.8M 13.4%	$108.3M
Other Income Expense Gross Profit	$1.1B 15.8%	$935.8M 8.7%	$861.1M
Other Income Expense Operating Income	$357.7M 19.4%	$299.5M 37.1%	$218.5M
Other Income Expense Interest Expense	$5.0M -15.8%	$5.9M -74.9%	$23.6M
Other Income Expense Other Income/expense	$37.6M 158.3%	$14.6M 337.9%	$3.3M
Other Income Expense Income Before Tax	$390.3M 26.7%	$308.2M 55.5%	$198.2M
Income Tax Income Tax Expense	$74.7M 65.5%	$45.1M 39.7%	$32.3M
net Income net Income	$315.6M 20.0%	$263.0M 58.5%	$165.9M
net Income Comprehensive Income	$315.7M 20.0%	$263.2M 58.1%	$166.4M
Earnings Per Share Basic Eps	$7 18.6%	$6 56.2%	$4
Earnings Per Share Diluted Eps	$7 19.0%	$6 55.9%	$4
Earnings Per Share Weighted Average Shares Basic	$43.1M 1.1%	$42.6M 1.4%	$42.0M
Earnings Per Share Weighted Average Shares Diluted	$43.8M 0.7%	$43.5M 1.7%	$42.8M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $653.5M

Investing cash flow $-222.5M

Financing cash flow $-160.4M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$315.6M 20.0%	$263.0M 58.5%	$165.9M
Operating Activities Depreciation and Amortization	$138.4M -3.5%	$143.4M -6.9%	$154.1M
Operating Activities Stock Based Compensation	$151.3M 23.2%	$122.8M 13.4%	$108.3M
Operating Activities Deferred Income Taxes	$43.9M 243.0%	$-30.7M 58.4%	$-73.7M
Operating Activities Changes In Operating Assets and Liabilities	$165.4M 13.5%	$145.7M -15.6%	$172.6M
Operating Activities net Cash From Operating Activities	$653.5M 4.6%	$624.6M 64.2%	$380.4M
Investing Activities Capital Expenditures	$16.0M -22.0%	$20.5M 0.1%	$20.5M
Investing Activities Business Acquisitions	$83.7M 5896.6%	$1.4M -97.8%	$62.8M
Investing Activities Purchases of Investments	$228.5M 604.1%	$32.4M 205.6%	$10.6M
Investing Activities Proceeds From Sale of Investments	$121.9M 662.1%	$16.0M -67.6%	$49.4M
Investing Activities Other Investing Activities	$-526.0K -204.0%	$-173.0K -1230.8%	$-13.0K
Investing Activities net Cash From Investing Activities	$-222.5M -229.1%	$-67.6M 12.1%	$-77.0M
Financing Activities Repurchase of Common Stock	$174.7M	$0	$0
Financing Activities Proceeds From Stock Issuance	$18.8M 6.9%	$17.6M 8.9%	$16.2M
Financing Activities Tax Withholding On Stock Based Compensation	$46.2M 14.8%	$40.3M 45.2%	$27.7M
Financing Activities Other Financing Activities	$-7.7M	$0	$0
Financing Activities net Cash From Financing Activities	$-160.4M -822.2%	$22.2M 107.1%	$-311.8M
Cash Reconciliation Effect of Exchange Rate On Cash	$1.0B 36.3%	$744.7M 350.0%	$165.5M
Cash Reconciliation net Change In Cash	$270.7M -53.3%	$579.2M 7025.3%	$-8.4M
Cash Reconciliation Cash At Beginning of Period	$1.0B 36.3%	$744.7M 350.0%	$165.5M
Cash Reconciliation Cash At End of Period	$1.0B 36.3%	$744.7M 350.0%	$165.5M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+46.5%	+43.8%	+44.1%
Operating margin	+15.3%	+14.0%	+11.2%
Net margin	+13.5%	+12.3%	+8.5%
FCF margin	+27.3%	+28.3%	+18.4%
Growth
Revenue CAGR (3y)	+8.0%	+10.3%	+20.5%
Returns
ROE	+8.5%	+7.8%	+5.6%
ROA	+5.6%	+5.1%	+3.5%
ROIC	—	+7.9%	+5.4%
Liquidity
Current ratio	1.05x	1.35x	0.86x
Quick ratio	0.94x	1.25x	0.78x
Leverage
D/E	0.52x	0.53x	0.59x
Interest coverage	71.61x	50.50x	9.25x
Efficiency
Asset turnover	0.41x	0.41x	0.42x
Cash conversion cycle	—	—	—

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Tyler Technologies

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