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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,850.20 | 1,951.75 | 2,137.80 | 2,332.34 |
| Operating 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 |
| Research And Development | - | 105.18 | 109.58 | 117.94 | 204.59 |
| Selling General And Administration | - | 403.07 | 458.34 | 458.67 | 465.02 |
| Total Expenses | - | 1,635.96 | 1,733.21 | 1,838.28 | 1,974.66 |
| Operating Income | - | 214.25 | 218.54 | 299.53 | 357.68 |
| Total Operating Income As Reported | - | 214.25 | 218.54 | 299.53 | 357.68 |
| EBITDA | - | 388.01 | 392.63 | 466.47 | 543.18 |
| Normalized EBITDA | - | 388.01 | 392.63 | 466.47 | 543.18 |
| EBIT | - | 215.97 | 221.86 | 314.10 | 395.31 |
| Interest Expense | - | 28.38 | 23.63 | 5.93 | 5 |
| Net Interest Income | - | -28.38 | -23.63 | -5.93 | -5 |
| Other Non Operating Income Expenses | - | 1.72 | 3.33 | 14.57 | 37.64 |
| Other Income Expense | - | 1.72 | 3.33 | 14.57 | 37.64 |
| Interest Expense Non Operating | - | 28.38 | 23.63 | 5.93 | 5 |
| Net Non Operating Interest Income Expense | - | -28.38 | -23.63 | -5.93 | -5 |
| Pretax Income | - | 187.59 | 198.24 | 308.17 | 390.32 |
| Tax Provision | - | 23.35 | 32.32 | 45.14 | 74.72 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Net Income From Continuing And Discontinued Operation | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Net Income From Continuing Operation Net Minority Interest | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Net Income | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Net Income Common Stockholders | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Net Income Including Noncontrolling Interests | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Normalized Income | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Diluted NI Availto Com Stockholders | - | 164.24 | 165.92 | 263.03 | 315.60 |
| Basic Average Shares | - | 41.54 | 42.02 | 42.61 | 43.10 |
| Diluted Average Shares | - | 42.40 | 42.77 | 43.50 | 43.81 |
| Reconciled Depreciation | - | 172.04 | 170.77 | 152.37 | 147.86 |
| Reconciled Cost Of Revenue | - | 955.66 | 994.52 | 1,109.30 | 1,157.20 |
| Depreciation Amortization Depletion Income Statement | - | 61.36 | 74.63 | 59.63 | 56.42 |
| Depreciation And Amortization In Income Statement | - | 61.36 | 74.63 | 59.63 | 56.42 |
| General And Administrative Expense | - | 267.32 | 308.58 | 300.94 | 316.45 |
| Other Gand A | - | 267.32 | 308.58 | 300.94 | 316.45 |
| Selling And Marketing Expense | - | 135.74 | 149.77 | 157.73 | 148.57 |
| Amortization | - | 61.36 | 74.63 | 59.63 | 56.42 |
| Amortization Of Intangibles Income Statement | - | 61.36 | 74.63 | 59.63 | 56.42 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Tyler Technologies, Inc.this co. | TYL | $12.7B | 40.17↑ premium | 3.42 | 8.5% | 22.50 |
| Semtech Corporation | SMTC | $15.8B | -390.71 | 28.70 | -7.3% | 407.08 |
| Leidos Holdings, Inc. | LDOS | $15.7B | 10.82 | 3.19 | 29.5% | 8.24 |
| Sanmina Corporation | SANM | $15.0B | 61.06 | 6.38 | 10.4% | 30.04 |
| Trimble Inc. | TRMB | $13.0B | 30.62 |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.22 |
| 7.3% |
| 18.02 |
| Zebra Technologies Corporation | ZBRA | $11.7B | 27.91 | 3.26 | 11.7% | 16.72 |
| GoDaddy Inc. | GDDY | $11.2B | 12.84 | 52.23 | 406.8% | 10.88 |
| Gartner, Inc. | IT | $11.0B | 15.14 | 34.50 | 228.0% | 9.79 |
| FormFactor, Inc. | FORM | $9.9B | 181.56 | 9.53 | 5.3% | 89.55 |
| Peer Median | - | 21.52 | 7.96 | 11.1% | 17.37 | |