Cash flow Tyler Technologies, Inc.

Equities

TYL

US9022521051

Software

Market Closed - Nyse Other stock markets 21:00:02 15/01/2026 GMT			5-day change	1st Jan Change
446.15 ^USD	-1.29%		-1.60%	-1.72%

01-15	Tyler Technologies, Inc. Presents at 28th Annual Needham Growth Conference, Jan-15-2026 11:45 AM
01-14	Goldman Sachs Adjusts Price Target on Tyler Technologies to $560 From $714, Maintains Buy Rating	MT

4df36d4362f62e578dc20.9BjufmDTvF0j8uC7ageTnfXq6xt0DuLnvVajQhRifp8.x1bWOw6-5G9rptHSI33b6sSMnHg4Pb2e7CzwJlEISsqcWtYZMIaMPEaqpQ

Published financial data: TYLER TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.12B	1.59B	1.85B	1.95B	2.14B
Total Revenues	1.12B	1.59B	1.85B	1.95B	2.14B
Cost of Goods Sold, Total	574M	883M	1.07B	1.09B	1.2B
Gross Profit	543M	710M	784M	861M	936M
Selling General & Admin Expenses, Total	260M	362M	400M	458M	430M
R&D Expenses	88.36M	93.48M	105M	110M	118M
Amortization of Goodwill and Intangible Assets - (IS)	21.66M	44.85M	61.36M	74.63M	59.63M
Other Operating Expenses, Total	370M	501M	567M	642M	607M
Operating Income	173M	209M	217M	219M	329M
Interest Expense, Total	-610K	-23.3M	-28.38M	-23.63M	-5.93M
Interest And Investment Income	-	-	1.72M	3.33M	14.57M
Net Interest Expenses	-610K	-23.3M	-26.66M	-20.3M	8.64M
Other Non Operating Income (Expenses)	2.73M	1.54M	-	-	-
EBT, Excl. Unusual Items	175M	187M	191M	199M	337M
Merger & Related Restructuring Charges	-	-23.5M	-2M	-409K	-29M
Asset Writedown	-	-	-1.1M	-	-
Legal Settlements	-	-3.2M	-	-	-
Other Unusual Items	-	-1.6M	-	-	-
EBT, Incl. Unusual Items	175M	159M	188M	198M	308M
Income Tax Expense	-19.78M	-2.48M	23.35M	32.32M	45.14M
Earnings From Continuing Operations	195M	161M	164M	166M	263M
Net Income to Company	195M	161M	164M	166M	263M
Net Income - (IS)	195M	161M	164M	166M	263M
Net Income to Common Incl Extra Items	195M	161M	164M	166M	263M
Net Income to Common Excl. Extra Items	195M	161M	164M	166M	263M
Per Share Items
Net EPS - Basic	4.87	3.95	3.95	3.95	6.17
Basic EPS - Continuing Operations	4.87	3.95	3.95	3.95	6.17
Basic Weighted Average Shares Outstanding	40.04M	40.85M	41.54M	42.02M	42.61M
Net EPS - Diluted	4.69	3.82	3.87	3.88	6.05
Diluted EPS - Continuing Operations	4.69	3.82	3.87	3.88	6.05
Diluted Weighted Average Shares Outstanding	41.53M	42.24M	42.4M	42.77M	43.5M
Normalized Basic EPS	2.73	2.87	2.87	2.95	4.95
Normalized Diluted EPS	2.63	2.77	2.81	2.9	4.84
Supplemental Items
EBITDA	221M	297M	316M	323M	415M
EBITA	195M	254M	279M	294M	388M
EBIT	173M	209M	217M	219M	329M
EBITDAR	232M	312M	334M	346M	427M
Total Revenues (As Reported)	1.12B	1.59B	1.85B	1.95B	2.14B
Effective Tax Rate - (Ratio)	-11.3	-1.56	12.45	16.3	14.65
Current Domestic Taxes	-11.84M	10.79M	111M	106M	75.8M
Total Current Taxes	-11.84M	10.79M	111M	106M	75.8M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-7.94M	-13.27M	-87.19M	-73.7M	-30.66M
Normalized Net Income	109M	117M	119M	124M	211M
Interest on Long-Term Debt	-	23.3M	28.38M	23.63M	5.93M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	136M	150M	158M
General and Administrative Expenses	-	-	264M	308M	272M
Research And Development Expense From Footnotes	89.56M	95.78M	113M	123M	138M
Net Rental Expense, Total	10.22M	15.06M	17.96M	22.6M	12.06M
Imputed Operating Lease Interest Expense	2.2M	3.98M	3.35M	4.9M	857K
Imputed Operating Lease Depreciation	8.03M	11.08M	14.61M	17.7M	11.2M
Stock-Based Comp., COGS (Total)	18.12M	23.7M	27.49M	26.61M	31.32M
Stock-Based Comp., S&M Exp. (Total)	-	-	8.8M	10.12M	12.84M
Stock-Based Comp., G&A Exp. (Total)	-	-	66.7M	71.61M	78.65M
Stock-Based Comp., SG&A Exp. (Total)	49.24M	81.02M	-	-	-
Total Stock-Based Compensation	67.36M	105M	103M	108M	123M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	604M	309M	174M	165M	745M
Short Term Investments	72.19M	52.3M	37.03M	10.38M	23.26M
Total Cash And Short Term Investments	676M	361M	211M	176M	768M
Accounts Receivable, Total	382M	521M	577M	620M	588M
Other Receivables	21.6M	18.14M	-	-	11.98M
Total Receivables	404M	539M	577M	620M	600M
Prepaid Expenses	30.86M	55.51M	50.86M	54.7M	65.14M
Other Current Assets, Total	2.48M	8.15M	8.24M	10.3M	8.06M
Total Current Assets	1.11B	964M	847M	861M	1.44B
Gross Property Plant And Equipment	325M	362M	394M	387M	370M
Accumulated Depreciation	-138M	-141M	-171M	-179M	-174M
Net Property Plant And Equipment	187M	221M	224M	209M	195M
Long-term Investments	82.64M	46.35M	18.51M	7.05M	10.76M
Goodwill	838M	2.36B	2.49B	2.53B	2.53B
Other Intangibles, Total	331M	1.08B	1.05B	996M	908M
Accounts Receivable Long-Term	21.42M	13.94M	8.27M	8.99M	7.15M
Other Long-Term Assets, Total	33.79M	45.97M	49.96M	63.18M	86.38M
Total Assets	2.61B	4.73B	4.69B	4.68B	5.18B
Liabilities
Accounts Payable, Total	14.01M	120M	105M	146M	157M
Accrued Expenses, Total	83.08M	158M	132M	159M	198M
Current Portion of Long-Term Debt	-	30M	30M	49.8M	-
Current Portion of Leases	5.9M	10.56M	10.74M	11.06M	9.64M
Current Income Taxes Payable	-	-	43.67M	2.47M	-
Unearned Revenue Current, Total	461M	511M	569M	633M	701M
Total Current Liabilities	564M	830M	890M	1B	1.07B
Long-Term Debt	-	1.31B	957M	596M	598M
Long-Term Leases	16.28M	36.34M	48.05M	39.82M	30.79M
Unearned Revenue Non Current	100K	38K	2.04M	291K	22.38M
Deferred Tax Liability Non Current	40.51M	228M	149M	78.59M	47.5M
Other Non Current Liabilities	-	2.89M	16.97M	22.62M	27.38M
Total Liabilities	621M	2.41B	2.06B	1.74B	1.79B
Common Stock, Total	481K	481K	481K	481K	481K
Additional Paid In Capital	905M	1.08B	1.21B	1.35B	1.54B
Retained Earnings	1.11B	1.27B	1.44B	1.6B	1.87B
Treasury Stock	-31.81M	-25.67M	-22.83M	-20.72M	-18M
Comprehensive Income and Other	-46K	-46K	-844K	-326K	-157K
Total Common Equity	1.99B	2.32B	2.62B	2.94B	3.39B
Total Equity	1.99B	2.32B	2.62B	2.94B	3.39B
Total Liabilities And Equity	2.61B	4.73B	4.69B	4.68B	5.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.58M	41.35M	41.82M	42.28M	43.01M
ECS Total Common Shares Outstanding	40.54M	41.32M	41.78M	42.29M	42.96M
Book Value / Share	48.99	56.25	62.81	69.47	78.87
Tangible Book Value	816M	-1.12B	-915M	-590M	-51.31M
Tangible Book Value Per Share	20.14	-27.03	-21.91	-13.95	-1.19
Total Debt	22.18M	1.39B	1.05B	697M	638M
Net Debt	-654M	1.03B	835M	521M	-130M
Debt Equivalent Oper. Leases	81.79M	120M	144M	181M	96.46M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	18.65M	22.52M	22.91M	22.91M	23.16M
Buildings, Total	148M	154M	159M	172M	181M
Machinery, Total	140M	146M	162M	153M	134M
Full Time Employees	5.5K	6.8K	7.2K	7.3K	7.4K
Accumulated Allowance for Doubtful Accounts (Supple)	9.26M	12.09M	14.76M	22.83M	17.32M
Order Backlog	1.59B	1.8B	1.89B	2.03B	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	195M	161M	164M	166M	263M
Depreciation & Amortization - CF	26.56M	42.52M	50.23M	46.21M	35.06M
Amortization of Goodwill and Intangible Assets - (CF)	21.94M	45.2M	61.71M	74.94M	59.94M
Depreciation & Amortization, Total	48.5M	87.72M	112M	121M	95M
Amortization of Deferred Charges, Total - (CF)	33.16M	47.9M	60.1M	49.62M	57.37M
(Gain) Loss on Sale of Investments - (CF)	-	-	45K	1K	24K
Stock-Based Compensation (CF)	67.36M	105M	103M	108M	123M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	3.52M	2.83M	2.78M	8.23M	-5.5M
Other Operating Activities, Total	-2.15M	-3.06M	-87.19M	-73.23M	-30.46M
Change In Accounts Receivable	-10.73M	17.61M	-51.41M	-39.88M	28.8M
Change In Accounts Payable	-967K	-44.95M	-17.54M	41.48M	10.51M
Change in Unearned Revenues	48.68M	44.87M	59.46M	58.51M	90.78M
Change In Income Taxes	-15.12M	10.26M	61.94M	-41.2M	-14.44M
Change in Other Net Operating Assets	-11.98M	-57.62M	-25.9M	-18.51M	6.72M
Cash from Operations	355M	372M	381M	380M	625M
Capital Expenditure	-22.69M	-33.92M	-22.53M	-20.52M	-20.54M
Cash Acquisitions	-1.29M	-2.09B	-164M	-62.76M	-1.4M
Sale (Purchase) of Intangible assets	-5.78M	-21.69M	-27.62M	-32.49M	-29.4M
Investment in Marketable and Equity Securities, Total	-68.88M	54M	41.1M	38.8M	-16.45M
Other Investing Activities, Total	314K	384K	443K	13K	173K
Cash from Investing	-98.32M	-2.09B	-173M	-76.96M	-67.61M
Long-Term Debt Issued, Total	-	1.5B	-	-	-
Total Debt Issued	-	1.5B	-	-	-
Long-Term Debt Repaid, Total	-	-145M	-360M	-345M	-50M
Total Debt Repaid	-	-145M	-360M	-345M	-50M
Issuance of Common Stock	135M	110M	16.65M	33.16M	74.84M
Repurchase of Common Stock	-15.48M	-12.98M	-890K	-	-
Other Financing Activities, Total	-5.62M	-27.16M	-	-	-2.64M
Cash from Financing	114M	1.42B	-344M	-312M	22.21M
Net Change in Cash	371M	-294M	-135M	-8.36M	579M
Supplemental Items
Cash Interest Paid	610K	17.7M	21.26M	19.15M	3.1M
Cash Income Tax Paid (Refund)	3.3M	2.2M	38.49M	143M	84.2M
Levered Free Cash Flow	254M	366M	370M	391M	554M
Unlevered Free Cash Flow	255M	380M	387M	406M	558M
Change In Net Working Capital	-26.02M	-64.97M	-26.52M	-42.97M	-128M
Net Debt Issued / Repaid	-	1.36B	-360M	-345M	-50M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.5	3.56	2.88	2.92	4.17
Return on Total Capital	5.92	4.57	3.68	3.75	5.36
Return On Equity %	10.81	7.49	6.64	5.97	8.32
Return on Common Equity	10.81	7.49	6.64	5.97	8.32
Margin Analysis
Gross Profit Margin %	48.58	44.57	42.37	44.12	43.77
SG&A Margin	23.24	22.75	21.62	23.46	20.1
EBITDA Margin %	19.83	18.64	17.1	16.57	19.39
EBITA Margin %	17.45	15.97	15.08	15.06	18.17
EBIT Margin %	15.49	13.13	11.75	11.22	15.37
Income From Continuing Operations Margin %	17.45	10.14	8.88	8.5	12.3
Net Income Margin %	17.45	10.14	8.88	8.5	12.3
Net Avail. For Common Margin %	17.45	10.14	8.88	8.5	12.3
Normalized Net Income Margin	9.8	7.35	6.44	6.36	9.86
Levered Free Cash Flow Margin	22.77	22.97	19.97	20.04	25.94
Unlevered Free Cash Flow Margin	22.81	23.89	20.93	20.8	26.11
Asset Turnover
Asset Turnover	0.47	0.43	0.39	0.42	0.43
Fixed Assets Turnover	5.91	7.81	8.32	9.02	10.58
Receivables Turnover (Average Receivables)	2.95	3.53	3.37	3.26	3.54
Short Term Liquidity
Current Ratio	1.97	1.16	0.95	0.86	1.35
Quick Ratio	1.91	1.09	0.89	0.79	1.28
Operating Cash Flow to Current Liabilities	0.63	0.45	0.43	0.38	0.59
Days Sales Outstanding (Average Receivables)	123.96	103.54	108.34	111.92	103.35
Average Days Payable Outstanding	9.24	27.71	38.47	42.03	46.15
Long Term Solvency
Total Debt/Equity	1.12	59.73	39.86	23.72	18.84
Total Debt / Total Capital	1.1	37.39	28.5	19.17	15.85
LT Debt/Equity	0.82	57.99	38.31	21.65	18.56
Long-Term Debt / Total Capital	0.81	36.3	27.39	17.5	15.61
Total Liabilities / Total Assets	23.82	50.89	44.01	37.18	34.59
EBIT / Interest Expense	283.49	8.97	7.66	9.27	55.39
EBITDA / Interest Expense	379.75	13.38	11.78	14.64	71.94
(EBITDA - Capex) / Interest Expense	342.55	11.93	10.99	13.77	68.47
Total Debt / EBITDA	0.1	4.45	3.13	2.01	1.5
Net Debt / EBITDA	-2.82	3.29	2.5	1.51	-0.3
Total Debt / (EBITDA - Capex)	0.11	5	3.36	2.14	1.57
Net Debt / (EBITDA - Capex)	-3.13	3.69	2.68	1.6	-0.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.78	42.59	16.2	5.49	9.53
Gross Profit, 1 Yr. Growth %	4.95	30.81	10.46	9.85	8.67
EBITDA, 1 Yr. Growth %	8.97	34.02	7.76	3.25	28.36
EBITA, 1 Yr. Growth %	8.67	30.47	11.16	6.5	32.37
EBIT, 1 Yr. Growth %	9.82	20.88	5.59	2.19	50.33
Earnings From Cont. Operations, 1 Yr. Growth %	32.96	-17.12	1.72	1.02	58.53
Net Income, 1 Yr. Growth %	32.96	-17.12	1.72	1.02	58.53
Normalized Net Income, 1 Yr. Growth %	8.76	6.99	3.59	5.89	70.08
Diluted EPS Before Extra, 1 Yr. Growth %	28.49	-18.55	1.31	0.26	55.93
Accounts Receivable, 1 Yr. Growth %	2.2	36.29	10.79	7.35	-5.18
Net Property, Plant and Equip., 1 Yr. Growth %	-2.16	18.3	1.3	-6.71	-6.49
Total Assets, 1 Yr. Growth %	18.97	81.5	-0.95	-0.23	10.76
Tangible Book Value, 1 Yr. Growth %	105.14	-236.76	-18.03	-35.53	-91.3
Common Equity, 1 Yr. Growth %	22.82	17.01	12.92	11.95	15.33
Cash From Operations, 1 Yr. Growth %	39.4	4.69	2.61	-0.27	64.19
Capital Expenditures, 1 Yr. Growth %	-39.06	49.49	-33.58	-8.92	0.08
Levered Free Cash Flow, 1 Yr. Growth %	25.02	44	-1.2	6.41	41.85
Unlevered Free Cash Flow, 1 Yr. Growth %	24.54	49.36	-0.34	5.35	37.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.27	21.06	28.72	10.71	7.49
Gross Profit, 2 Yr. CAGR %	11.09	17.17	20.2	10.16	9.26
EBITDA, 2 Yr. CAGR %	7.59	21.18	19.52	9.76	15.05
EBITA, 2 Yr. CAGR %	7.34	19.44	19.67	14.05	18.65
EBIT, 2 Yr. CAGR %	6.49	15.62	12.11	10.06	23.83
Earnings From Cont. Operations, 2 Yr. CAGR %	14.94	4.97	-8.18	1.37	26.55
Net Income, 2 Yr. CAGR %	14.94	4.97	-8.18	1.37	26.55
Normalized Net Income, 2 Yr. CAGR %	5.97	8.24	4.37	11.78	34.06
Diluted EPS Before Extra, 2 Yr. CAGR %	12.89	2.3	-9.16	0.78	25.03
Accounts Receivable, 2 Yr. CAGR %	13.09	18.02	22.88	9.06	0.89
Net Property, Plant and Equip., 2 Yr. CAGR %	9.7	7.59	9.47	-2.79	-6.6
Total Assets, 2 Yr. CAGR %	20.66	46.94	34.08	-0.59	5.12
Tangible Book Value, 2 Yr. CAGR %	66.57	67.49	5.88	-27.3	-76.32
Common Equity, 2 Yr. CAGR %	22.44	19.88	14.95	12.44	13.63
Cash From Operations, 2 Yr. CAGR %	19.13	20.81	3.65	1.16	27.96
Capital Expenditures, 2 Yr. CAGR %	-9.04	-4.56	-0.36	-22.22	-4.53
Levered Free Cash Flow, 2 Yr. CAGR %	16.99	34.39	19.26	4.48	22.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.92	36.62	21.94	4.33	20.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.92	19.41	19.42	20.46	10.32
Gross Profit, 3 Yr. CAGR %	10.75	17.31	14.89	16.65	9.66
EBITDA, 3 Yr. CAGR %	4.42	15.77	16.11	13.46	15.59
EBITA, 3 Yr. CAGR %	3.34	14.55	16.12	14.68	19.8
EBIT, 3 Yr. CAGR %	2.04	11.09	11.6	8.18	22.04
Earnings From Cont. Operations, 3 Yr. CAGR %	4.74	3.07	3.88	-5.21	17.66
Net Income, 3 Yr. CAGR %	4.74	3.07	3.88	-5.21	17.66
Normalized Net Income, 3 Yr. CAGR %	2.31	6.31	6.06	4.31	28.48
Diluted EPS Before Extra, 3 Yr. CAGR %	2.78	1.25	1.97	-6.12	16.56
Accounts Receivable, 3 Yr. CAGR %	15.8	20.35	15.56	17.47	4.09
Net Property, Plant and Equip., 3 Yr. CAGR %	7.03	12.49	5.45	3.79	-4.04
Total Assets, 3 Yr. CAGR %	17.4	38.25	28.84	21.5	3.06
Tangible Book Value, 3 Yr. CAGR %	38.98	55.97	31.99	-10.26	-64.18
Common Equity, 3 Yr. CAGR %	18.56	20.6	17.52	13.94	13.39
Cash From Operations, 3 Yr. CAGR %	21.96	14.11	14.41	2.33	18.88
Capital Expenditures, 3 Yr. CAGR %	-19.23	7.34	-15.42	-3.3	-15.4
Levered Free Cash Flow, 3 Yr. CAGR %	39.5	25.33	22.19	14.61	15.66
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.32	26.86	23.86	15.94	14.39
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.57	15.95	17.08	15.85	14.5
Gross Profit, 5 Yr. CAGR %	14.37	14.59	14.44	14.39	12.6
EBITDA, 5 Yr. CAGR %	11.4	12.43	10.22	11.08	15.45
EBITA, 5 Yr. CAGR %	10.21	10.93	9.59	11.69	16.86
EBIT, 5 Yr. CAGR %	8.7	8.71	5.96	7.5	16.01
Earnings From Cont. Operations, 5 Yr. CAGR %	24.6	7.27	-0.64	2.39	12.41
Net Income, 5 Yr. CAGR %	24.6	7.27	-0.64	2.39	12.41
Normalized Net Income, 5 Yr. CAGR %	8.89	6.66	3.13	4.97	16.1
Diluted EPS Before Extra, 5 Yr. CAGR %	21.52	5.52	-2.18	1.06	10.64
Accounts Receivable, 5 Yr. CAGR %	16.74	21.07	18.58	15.7	9.45
Net Property, Plant and Equip., 5 Yr. CAGR %	13.05	12.19	8	6.11	0.45
Total Assets, 5 Yr. CAGR %	13.96	28.36	23.81	21.16	18.77
Tangible Book Value, 5 Yr. CAGR %	55.37	255.34	24.65	14.93	-33.62
Common Equity, 5 Yr. CAGR %	18.25	20.48	17.1	17.27	15.95
Cash From Operations, 5 Yr. CAGR %	21.46	14.14	14.27	8.74	19.65
Capital Expenditures, 5 Yr. CAGR %	12.66	-2.1	-12.15	-5.64	-11.22
Levered Free Cash Flow, 5 Yr. CAGR %	17.77	20.21	31.58	16.05	22.31
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.78	20.95	32.68	16.86	22.33