Company file · TYL

Tyler Technologies

Tyler Technologies' revenue rose 9.1% in FY2025, to $2.3B, and net income rose 20.0% to $316M

Revenue rose 9.1% to $2.3B in FY2025, from $2.1B in FY2024. Net income rose 20.0% to $316M. Enterprise Software was the largest segment, at 73% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 18, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026) · Data pulled Nov 11, 2026

Key facts

Tyler Technologies (NYSE: TYL) reported revenue of $2.3B for fiscal 2025, the year ended Dec 31, 2025, up 9.1% from fiscal 2024. Net income was $316M, up 20.0%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $648M, up 8.7% from the same quarter a year earlier, and net income was $95M. The largest piece by segment was Enterprise Software, at 73% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 18, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026).

Revenue$2.3BFY2025 · +9.1% vs FY2024

Net income$316MFY2025 · +20.0% vs FY2024

Operating cash flow$654MFY2025 · +4.6% vs FY2024

Cash & equivalents$788Mat Sep 30, 2026 · −22.4% vs FY2025 end

Total debt$600MFY2025 end · +0.3% vs FY2024

Diluted shares44MFY2025 avg · +0.7% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 18, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Apr 29, 2026 · 10-Q filed Jul 29, 2026 · 10-Q filed Oct 28, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Enterprise Software$1.7B73%+12.1%
Platform Technologies$629M27%+1.5%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Enterprise Software (73%) and Platform Technologies (27%), as shares of total revenue. Total revenue was $2.3B.

By segment: three-year mixShare of the total each fiscal year

FY2023

69%31%

FY2024

71%29%

FY2025

73%27%

Enterprise SoftwarePlatform Technologies

Source: 10-K FY2025

By product or service, FY2025

Subscription$1.6B68%+18.1%

Maintenance$446M19%−3.8%

Professional Services$243M10%−8.1%

Hardware and Other$45M2%+8.7%

Software Licenses and Royalties$13M1%−51.4%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue

$648M Q3 2026

$596M Q3 2025

8.7% increase

Net income

$95M Q3 2026

$84M Q3 2025

12.7% increase

Source: Tyler Technologies 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026

By segment

Enterprise Software

$491M Q3 2026

$440M Q3 2025

11.8% increase

Platform Technologies

$156M Q3 2026

$156M Q3 2025

0.1% increase

Source: Tyler Technologies 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026

Cash & equivalents $788M at Sep 30, 2026, vs $1.0B at FY2025 end.
Operating cash flow, first 9 months of fiscal 2026: $514M vs $410M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 9.1% in FY2025 to $2.3B, from $2.1B a year earlier. 10-K, FY2025
Net income rose 20.0% in FY2025 to $316M, from $263M. 10-K, FY2025
Operating cash flow rose 4.6% in FY2025 to $654M. 10-K, FY2025
Revenue in the quarter ended Sep 30, 2026 was $648M, up 8.7% on a year earlier. 10-Q, quarter ended Sep 30, 2026

The bear case

Software Licenses and Royalties revenue fell 51.4% in FY2025 to $13M. 10-K, FY2025
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition and AI; renewals; security incidents. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Tyler Technologies is in the application software industry, part of the information technology sector. The SEC files it under Services-Prepackaged Software.

Tyler Technologies reports 2 segments: Enterprise Software and Platform Technologies.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the application software industry. They are not a summary of Tyler Technologies’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Competition and AIRivals, open-source products and shifts such as AI can change which products customers choose.
RenewalsSubscription revenue depends on customers renewing and expanding.
Security incidentsA breach or outage can harm customers and its reputation.
Sales executionGrowth depends on adding customers and selling more to existing ones.
PricingCustomers may negotiate lower prices or switch to cheaper products.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$2.0B	$2.1B	$2.3B
Net income	$166M	$263M	$316M
Operating cash flow	$380M	$625M	$654M
Cash & equivalents (year end)	$165M	$745M	$1.0B
Total debt (year end)	$646M	$598M	$600M
Diluted shares	43M	43M	44M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Recent filings

Form	Filed	Period
10-Q	Oct 28, 2026	Sep 30, 2026
10-Q	Jul 29, 2026	Jun 30, 2026
10-Q	Apr 29, 2026	Mar 31, 2026
DEF 14A	Mar 23, 2026	Dec 31, 2025
10-K	Feb 18, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Tyler Technologies

How does Tyler Technologies make money?

Tyler Technologies's revenue was $2.3B in fiscal 2025. By segment in FY2025: Enterprise Software (73%) and Platform Technologies (27%), as shares of total revenue. Total revenue was $2.3B. Source: 10-K for fiscal 2025, filed Feb 18, 2026.

What was Tyler Technologies's revenue in fiscal 2025?

$2.3B of revenue for the fiscal year ended Dec 31, 2025, up 9.1% from $2.1B in fiscal 2024. Fiscal 2023 was $2.0B. Source: 10-K for fiscal 2025, filed Feb 18, 2026.

Is Tyler Technologies profitable?

Tyler Technologies reported net income of $316M for fiscal 2025, up 20.0% from $263M in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $95M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 18, 2026.

What did Tyler Technologies report in its latest quarterly filing?

Revenue was $648M in the quarter ended Sep 30, 2026, up 8.7% from $596M a year earlier. Net income was $95M, up 12.7% from $84M. Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026.

What are the main risks Tyler Technologies faces?

Tyler Technologies's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 18, 2026. Risks that are common among companies in the application software industry include Competition and AI; renewals; security incidents; sales execution; pricing. The first: Rivals, open-source products and shifts such as AI can change which products customers choose. Source: 10-K, Item 1A Risk Factors.

Where do these Tyler Technologies numbers come from?

From Tyler Technologies's own SEC filings: the 10-K for fiscal 2025 (filed Feb 18, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Tyler Technologies

Citadel Advisors: 325,093 shares, reported value $95.1M at Jun 30, 2026 (−28.4% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Two Sigma Investments: 77,039 shares, reported value $22.5M at Jun 30, 2026 (+98.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 63,040 shares, reported value $18.4M at Jun 30, 2026 (+167.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
Millennium Management: 19,016 shares, reported value $5.6M at Jun 30, 2026 (−79.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Markel Group: 5,400 shares, reported value $1.7M at Sep 30, 2026 (new in this filing). Form 13F filed Oct 30, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in TYL: The editor holds no position in Tyler Technologies (TYL). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell TYL from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold TYL, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Tyler TechnologiesTYL	FY2025	$2.3B	+9.1%	$316M
PalantirPLTR	FY2025	$4.5B	+56.2%	$1.6B
OracleORCL	FY2026	$67.4B	+17.3%	$17.1B
SalesforceCRM	FY2026	$41.5B	+9.6%	$7.5B
DatadogDDOG	FY2025	$3.4B	+27.7%	$108M

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.