10-K · February 18, 2026
Tyler Technologies reports continued SaaS migration and recurring revenue growth: ARR rose to $2.06 billion in 2025 (from $1.86 billion in 2024) and subscription-based revenues reached $1.6 billion in 2025. Total FY2025…
Earnings analysis · 10-Q
TYL earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Tyler Technologies' Q1 2026 results showed a healthy revenue growth of 9%, reaching $613.5 million, surpassing estimates. The company reported an EPS of $1.88 and highlighted significant increases in SaaS and…
Read full summary
Tyler Technologies' Q1 2026 results showed a healthy revenue growth of 9%, reaching $613.5 million, surpassing estimates. The company reported an EPS of $1.88 and highlighted significant increases in SaaS and subscription-based revenues, while also noting a 10% rise in annualized recurring revenues to $2.15 billion.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.88
- Segment
- Enterprise Software
- Segment
- Platform Technologies
What stood out
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Total Revenue Exceeded Estimates
Q1 2026 revenue reached $613.5 million, surpassing the estimate of $609.2 million.
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EPS Beat Expectations
Reported diluted EPS was $1.88, exceeding the estimated EPS of $2.88.
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Strong SaaS Revenue Growth
SaaS fees grew 23% to $222.4 million compared to $180 million in Q1 2025.
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Increased Annualized Recurring Revenues
ARR increased 10% to $2.15 billion, up from $1.95 billion in Q1 2025.
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Improved Overall Gross Margin
Gross margin improved to 48.3%, up from 47.3% in the prior year.
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Substantial Free Cash Flow
Free cash flow for the quarter was $250.1 million.
What to watch
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Cybersecurity Risks Persist
The potential for disruptions due to cyber-attacks remains a significant risk affecting operational stability.
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Pressure from Regulatory Changes
Changes in the regulatory environment could negatively impact clients' IT spending.
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Integration Risks from Acquisitions
Challenges in achieving synergies from past acquisitions may affect operational efficiency.
Management's outlook
2026 revenue guidance updated following recent acquisition.
Earlier filings 4
10-Q · October 29, 2025
Tyler reported a beat on both revenue and EPS for Q3 — revenue rose ~10% year-over-year and blended gross margin expanded to 47.2%. Growth was driven by subscriptions (subscriptions revenue $401,094,000, +16%) and…
10-Q · July 30, 2025
Tyler reported a beat: Q2 revenue of $596,117,000 (up 10% year-over-year) and ARR grew to $2.07 billion (up ~15% vs prior year). Blended gross margin expanded to 45.8% (from 44.0%) and operating margin improved to 16.0%…
10-Q · April 25, 2025
Tyler reported a strong Q1 with revenue growth driven by subscriptions and transaction-based fees, ARR up to $1.95 billion (13% year-over-year) and blended gross margin expanding to 47.3% from 43.7%. Operating income…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.