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Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States. It operates in two segments, Enterprise Software and Platform Technologies. The company designs, develops, markets, and supports a range of software solutions to serve mission-critical back-office functions. It also offers platform and transformative technology solutions, such as cybersecurity, data and insights, digital solutions, payments, platform technologies, and outdoor recreation; public administration solutions, including civic services, ERP, property and recording, and regulatory; and corrections, courts and justice, and public safety solutions. In addition, the company provides school ERP and student transportation K-12 education solutions; and health and human services solutions comprising environmental health, and disability and benefits. It has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was formerly known as Tyler Corporation and changed its name to Tyler Technologies, Inc. in June 1999. Tyler Technologies, Inc. was founded in 1966 and is based in Plano, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.3B | $543M | $316M | $621M | 8.5% | 9.1% | 20.0% |
| 2024 | $2.1B | $466M | $263M | $575M | 7.8% | 9.5% | 58.5% |
| 2023 | $2.0B | $393M | $166M | $327M | 5.6% | 5.5% | 1.0% |
| 2022 | $1.9B | $388M | $164M | $331M | 6.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,850.20 | 1,951.75 | 2,137.80 | 2,332.34 |
| Cost Of Revenue | 1,066.34 | 1,090.65 | 1,202.04 | 1,248.64 |
| Gross Profit | 783.86 | 861.10 | 935.76 | 1,083.70 |
| Operating Expense | 569.61 | 642.56 | 636.24 | 726.02 |
| Operating Income | 214.25 | 218.54 | 299.53 | 357.68 |
| EBITDA | 388.01 | 392.63 | 466.47 | 543.18 |
| EBIT | 215.97 | 221.86 | 314.10 | 395.31 |
| Pretax Income | 187.59 | 198.24 | 308.17 | 390.32 |
| Tax Provision | 23.35 | 32.32 | 45.14 | 74.72 |
| Net Income | 164.24 | 165.92 | 263.03 | 315.60 |
| Net Income Common Stockholders | 164.24 | 165.92 | 263.03 | 315.60 |
| Total Expenses | 1,635.96 | 1,733.21 | 1,838.28 | 1,974.66 |
| Interest Expense | 28.38 | 23.63 | 5.93 | 5 |
| Research And Development | 105.18 | 109.58 | 117.94 | 204.59 |
| Selling General And Administration | 403.07 | 458.34 | 458.67 | 465.02 |
| Normalized EBITDA | 388.01 | 392.63 | 466.47 | 543.18 |
| Normalized Income | 164.24 | 165.92 | 263.03 | 315.60 |
| Market Cap | 14,702.28 | 14,702.28 | 14,702.28 | 14,702.28 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tyler Technologies, Inc.this co. | TYL | $14.7B | 46.58↑ premium | 3.97 | 8.5% | 26.38 |
| F5, Inc. | FFIV | $17.6B | 24.75 | 4.77 | 19.3% | 18.16 |
| Super Micro Computer, Inc. | SMCI | $17.2B | 16.65 | 2.77 | 16.6% | 12.84 |
| PTC Inc. | PTC | $16.3B | 22.24 | 4.27 | 19.2% | 15.46 |
| Trimble Inc. | TRMB | $16.1B | 36.87 |
| 2.68 |
| 7.3% |
| 21.40 |
| Akamai Technologies, Inc. | AKAM | $13.8B | 31.02 | 2.82 | 9.1% | 13.99 |
| FormFactor, Inc. | FORM | $12.0B | 222.39 | 11.68 | 5.3% | 111.80 |
| GoDaddy Inc. | GDDY | $11.9B | 13.11 | 53.34 | 406.8% | 11.07 |
| Gen Digital Inc. | GEN | $11.8B | 17.93 | 5.08 | 28.3% | 9.30 |
| Peer Median | - | 23.49 | 4.52 | 17.9% | 14.72 | |