Cash flow Tyler Technologies, Inc.

Equities

TYL

US9022521051

Software

Market Closed - Nyse Other stock markets 21:00:02 12/05/2026 BST			5-day change	1st Jan Change
309.65 ^USD	-0.84%		-5.54%	-31.79%

05-12	Tyler Technologies signs agreement with Riverside County, California, Sheriff's Office for Enterprise Corrections	RE
05-12	America's Inflation Problem Just Got Harder to Explain Away

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Published financial data: TYLER TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.59B	1.85B	1.95B	2.14B	2.33B
Total Revenues	1.59B	1.85B	1.95B	2.14B	2.33B
Cost of Goods Sold, Total	883M	1.07B	1.09B	1.2B	1.25B
Gross Profit	710M	784M	861M	936M	1.08B
Selling General & Admin Expenses, Total	362M	400M	458M	459M	464M
R&D Expenses	93.48M	105M	110M	118M	205M
Amortization of Goodwill and Intangible Assets - (IS)	44.85M	61.36M	74.63M	59.63M	56.42M
Other Operating Expenses, Total	501M	567M	642M	636M	725M
Operating Income	209M	217M	219M	300M	358M
Interest Expense, Total	-23.3M	-28.38M	-23.63M	-5.93M	-5M
Interest And Investment Income	-	1.72M	3.33M	14.57M	37.64M
Net Interest Expenses	-23.3M	-26.66M	-20.3M	8.64M	32.64M
Other Non Operating Income (Expenses)	1.54M	-	-	-	-
EBT, Excl. Unusual Items	187M	191M	199M	308M	391M
Merger & Related Restructuring Charges	-23.5M	-2M	-409K	-29K	-714K
Asset Writedown	-	-1.1M	-	-	-
Legal Settlements	-3.2M	-	-	-	-
Other Unusual Items	-1.6M	-	-	-	-
EBT, Incl. Unusual Items	159M	188M	198M	308M	390M
Income Tax Expense	-2.48M	23.35M	32.32M	45.14M	74.72M
Earnings From Continuing Operations	161M	164M	166M	263M	316M
Net Income to Company	161M	164M	166M	263M	316M
Net Income - (IS)	161M	164M	166M	263M	316M
Net Income to Common Incl Extra Items	161M	164M	166M	263M	316M
Net Income to Common Excl. Extra Items	161M	164M	166M	263M	316M
Per Share Items
Net EPS - Basic	3.95	3.95	3.95	6.17	7.32
Basic EPS - Continuing Operations	3.95	3.95	3.95	6.17	7.32
Basic Weighted Average Shares Outstanding	40.85M	41.54M	42.02M	42.61M	43.1M
Net EPS - Diluted	3.82	3.87	3.88	6.05	7.2
Diluted EPS - Continuing Operations	3.82	3.87	3.88	6.05	7.2
Diluted Weighted Average Shares Outstanding	42.24M	42.4M	42.77M	43.5M	43.81M
Normalized Basic EPS	2.87	2.87	2.95	4.52	5.67
Normalized Diluted EPS	2.77	2.81	2.9	4.43	5.58
Supplemental Items
EBITDA	297M	316M	323M	386M	435M
EBITA	254M	279M	294M	359M	415M
EBIT	209M	217M	219M	300M	358M
EBITDAR	312M	334M	346M	398M	449M
Total Revenues (As Reported)	1.59B	1.85B	1.95B	2.14B	2.33B
Effective Tax Rate - (Ratio)	-1.56	12.45	16.3	14.65	19.14
Current Domestic Taxes	10.79M	111M	106M	75.8M	30.06M
Current Foreign Taxes	-	-	-	-	807K
Total Current Taxes	10.79M	111M	106M	75.8M	30.86M
Deferred Domestic Taxes	-	-	-	-	43.85M
Total Deferred Taxes	-13.27M	-87.19M	-73.7M	-30.66M	43.85M
Normalized Net Income	117M	119M	124M	193M	244M
Interest on Long-Term Debt	23.3M	28.38M	23.63M	5.93M	5M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	136M	150M	158M	149M
General and Administrative Expenses	-	264M	308M	301M	316M
Research And Development Expense From Footnotes	95.78M	113M	123M	138M	229M
Net Rental Expense, Total	15.06M	17.96M	22.6M	12.06M	13.96M
Imputed Operating Lease Interest Expense	3.98M	3.35M	4.9M	857K	871K
Imputed Operating Lease Depreciation	11.08M	14.61M	17.7M	11.2M	13.09M
Stock-Based Comp., COGS (Total)	23.7M	27.49M	26.61M	31.32M	36.13M
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)	81.02M	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	115M
Total Stock-Based Compensation	105M	103M	108M	123M	151M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	309M	174M	165M	745M	1.02B
Short Term Investments	52.3M	37.03M	10.38M	23.26M	81.8M
Total Cash And Short Term Investments	361M	211M	176M	768M	1.1B
Accounts Receivable, Total	521M	577M	620M	588M	639M
Other Receivables	18.14M	-	-	11.98M	23.75M
Total Receivables	539M	577M	620M	600M	663M
Prepaid Expenses	55.51M	50.86M	54.7M	65.14M	74.73M
Other Current Assets, Total	8.15M	8.24M	10.3M	8.06M	9.41M
Total Current Assets	964M	847M	861M	1.44B	1.84B
Gross Property Plant And Equipment	362M	394M	387M	370M	367M
Accumulated Depreciation	-141M	-171M	-179M	-174M	-171M
Net Property Plant And Equipment	221M	224M	209M	195M	196M
Long-term Investments	46.35M	18.51M	7.05M	10.76M	60.7M
Goodwill	2.36B	2.49B	2.53B	2.53B	2.59B
Other Intangibles, Total	1.08B	1.05B	996M	908M	849M
Accounts Receivable Long-Term	13.94M	8.27M	8.99M	7.15M	5.97M
Other Long-Term Assets, Total	45.97M	49.96M	63.18M	86.38M	93.6M
Total Assets	4.73B	4.69B	4.68B	5.18B	5.64B
Liabilities
Accounts Payable, Total	120M	105M	146M	157M	175M
Accrued Expenses, Total	158M	132M	159M	198M	191M
Current Portion of Long-Term Debt	30M	30M	49.8M	-	600M
Current Portion of Leases	10.56M	10.74M	11.06M	9.64M	9.6M
Current Income Taxes Payable	-	43.67M	2.47M	-	-
Unearned Revenue Current, Total	511M	569M	633M	701M	781M
Total Current Liabilities	830M	890M	1B	1.07B	1.76B
Long-Term Debt	1.31B	957M	596M	598M	-
Long-Term Leases	36.34M	48.05M	39.82M	30.79M	33.35M
Unearned Revenue Non Current	38K	2.04M	291K	22.38M	20.99M
Deferred Tax Liability Non Current	228M	149M	78.59M	47.5M	95.06M
Other Non Current Liabilities	2.89M	16.97M	22.62M	27.38M	31.28M
Total Liabilities	2.41B	2.06B	1.74B	1.79B	1.94B
Common Stock, Total	481K	481K	481K	481K	481K
Additional Paid In Capital	1.08B	1.21B	1.35B	1.54B	1.62B
Retained Earnings	1.27B	1.44B	1.6B	1.87B	2.18B
Treasury Stock	-25.67M	-22.83M	-20.72M	-18M	-96.2M
Comprehensive Income and Other	-46K	-844K	-326K	-157K	-11K
Total Common Equity	2.32B	2.62B	2.94B	3.39B	3.7B
Total Equity	2.32B	2.62B	2.94B	3.39B	3.7B
Total Liabilities And Equity	4.73B	4.69B	4.68B	5.18B	5.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41.35M	41.82M	42.28M	43.01M	42.99M
ECS Total Common Shares Outstanding	41.32M	41.78M	42.29M	42.96M	43.12M
Book Value / Share	56.25	62.81	69.47	78.87	85.87
Tangible Book Value	-1.12B	-915M	-590M	-51.31M	264M
Tangible Book Value Per Share	-27.03	-21.91	-13.95	-1.19	6.12
Total Debt	1.39B	1.05B	697M	638M	643M
Net Debt	1.03B	835M	521M	-130M	-455M
Debt Equivalent Oper. Leases	120M	144M	181M	96.46M	112M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	22.52M	22.91M	22.91M	23.16M	23.18M
Buildings, Total	154M	159M	172M	181M	179M
Machinery, Total	146M	162M	153M	134M	129M
Full Time Employees	6.8K	7.2K	7.3K	7.4K	7.8K
Accumulated Allowance for Doubtful Accounts (Supple)	12.09M	14.76M	22.83M	17.32M	31.97M
Order Backlog	1.8B	1.89B	2.03B	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	161M	164M	166M	263M	316M
Depreciation & Amortization - CF	42.52M	50.23M	46.21M	35.06M	29.14M
Amortization of Goodwill and Intangible Assets - (CF)	45.2M	61.71M	74.94M	59.94M	56.76M
Depreciation & Amortization, Total	87.72M	112M	121M	95M	85.9M
Amortization of Deferred Charges, Total - (CF)	47.9M	60.1M	49.62M	57.37M	61.96M
(Gain) Loss on Sale of Investments - (CF)	-	45K	1K	24K	-8K
Stock-Based Compensation (CF)	105M	103M	108M	123M	151M
Provision and Write-off of Bad Debts	2.83M	2.78M	8.23M	-5.5M	14.65M
Other Operating Activities, Total	-3.06M	-87.19M	-73.23M	-30.46M	43.93M
Change In Accounts Receivable	17.61M	-51.41M	-39.88M	28.8M	-61.69M
Change In Accounts Payable	-44.95M	-17.54M	41.48M	10.51M	17.84M
Change in Unearned Revenues	44.87M	59.46M	58.51M	90.78M	70.29M
Change In Income Taxes	10.26M	61.94M	-41.2M	-14.44M	-12M
Change in Other Net Operating Assets	-57.62M	-25.9M	-18.51M	6.72M	-34.21M
Cash from Operations	372M	381M	380M	625M	654M
Capital Expenditure	-33.92M	-22.53M	-20.52M	-20.54M	-16.02M
Cash Acquisitions	-2.09B	-164M	-62.76M	-1.4M	-83.65M
Sale (Purchase) of Intangible assets	-21.69M	-27.62M	-32.49M	-29.4M	-16.78M
Investment in Marketable and Equity Securities, Total	54M	41.1M	38.8M	-16.45M	-107M
Other Investing Activities, Total	384K	443K	13K	173K	526K
Cash from Investing	-2.09B	-173M	-76.96M	-67.61M	-222M
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	110M	16.65M	33.16M	74.84M	21.99M
Repurchase of Common Stock	-12.98M	-890K	-	-	-175M
Other Financing Activities, Total	-27.16M	-	-	-2.64M	-7.71M
Cash from Financing	1.42B	-344M	-312M	22.21M	-160M
Net Change in Cash	-294M	-135M	-8.36M	579M	271M
Supplemental Items
Cash Interest Paid	17.7M	21.26M	19.15M	3.1M	2.16M
Cash Income Tax Paid (Refund)	2.2M	38.49M	143M	84.2M	40.76M
Levered Free Cash Flow	366M	370M	391M	536M	504M
Unlevered Free Cash Flow	380M	387M	406M	540M	507M
Change In Net Working Capital	-64.97M	-26.52M	-42.97M	-128M	-16.33M
Net Debt Issued / Repaid	1.36B	-360M	-345M	-50M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.56	2.88	2.92	3.8	4.14
Return on Total Capital	4.57	3.68	3.75	4.89	5.35
Return On Equity %	7.49	6.64	5.97	8.32	8.9
Return on Common Equity	7.49	6.64	5.97	8.32	8.9
Margin Analysis
Gross Profit Margin %	44.57	42.37	44.12	43.77	46.46
SG&A Margin	22.75	21.62	23.46	21.45	19.91
EBITDA Margin %	18.64	17.1	16.57	18.04	18.64
EBITA Margin %	15.97	15.08	15.06	16.82	17.8
EBIT Margin %	13.13	11.75	11.22	14.01	15.37
Income From Continuing Operations Margin %	10.14	8.88	8.5	12.3	13.53
Net Income Margin %	10.14	8.88	8.5	12.3	13.53
Net Avail. For Common Margin %	10.14	8.88	8.5	12.3	13.53
Normalized Net Income Margin	7.35	6.44	6.36	9.01	10.48
Levered Free Cash Flow Margin	22.97	19.97	20.04	25.09	21.59
Unlevered Free Cash Flow Margin	23.89	20.93	20.8	25.26	21.72
Asset Turnover
Asset Turnover	0.43	0.39	0.42	0.43	0.43
Fixed Assets Turnover	7.81	8.32	9.02	10.58	11.93
Receivables Turnover (Average Receivables)	3.53	3.37	3.26	3.54	3.8
Short Term Liquidity
Current Ratio	1.16	0.95	0.86	1.35	1.05
Quick Ratio	1.09	0.89	0.79	1.28	1
Operating Cash Flow to Current Liabilities	0.45	0.43	0.38	0.59	0.37
Days Sales Outstanding (Average Receivables)	103.54	108.34	111.92	103.35	95.97
Average Days Payable Outstanding	27.71	38.47	42.03	46.15	48.45
Long Term Solvency
Total Debt/Equity	59.73	39.86	23.72	18.84	17.35
Total Debt / Total Capital	37.39	28.5	19.17	15.85	14.79
LT Debt/Equity	57.99	38.31	21.65	18.56	0.9
Long-Term Debt / Total Capital	36.3	27.39	17.5	15.61	0.77
Total Liabilities / Total Assets	50.89	44.01	37.18	34.59	34.33
EBIT / Interest Expense	8.97	7.66	9.27	50.51	71.75
EBITDA / Interest Expense	13.38	11.78	14.64	67.05	89.84
(EBITDA - Capex) / Interest Expense	11.93	10.99	13.77	63.59	86.63
Total Debt / EBITDA	4.45	3.13	2.01	1.61	1.43
Net Debt / EBITDA	3.29	2.5	1.51	-0.33	-1.01
Total Debt / (EBITDA - Capex)	5	3.36	2.14	1.69	1.49
Net Debt / (EBITDA - Capex)	3.69	2.68	1.6	-0.34	-1.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	42.59	16.2	5.49	9.53	9.1
Gross Profit, 1 Yr. Growth %	30.81	10.46	9.85	8.67	15.81
EBITDA, 1 Yr. Growth %	34.02	7.76	3.25	19.39	12.76
EBITA, 1 Yr. Growth %	30.47	11.16	6.5	22.49	15.49
EBIT, 1 Yr. Growth %	20.88	5.59	2.19	37.07	19.65
Earnings From Cont. Operations, 1 Yr. Growth %	-17.12	1.72	1.02	58.53	19.99
Net Income, 1 Yr. Growth %	-17.12	1.72	1.02	58.53	19.99
Normalized Net Income, 1 Yr. Growth %	6.99	3.59	5.89	55.47	26.89
Diluted EPS Before Extra, 1 Yr. Growth %	-18.55	1.31	0.26	55.93	19.01
Accounts Receivable, 1 Yr. Growth %	36.29	10.79	7.35	-5.18	8.71
Net Property, Plant and Equip., 1 Yr. Growth %	18.3	1.3	-6.71	-6.49	0.38
Total Assets, 1 Yr. Growth %	81.5	-0.95	-0.23	10.76	8.86
Tangible Book Value, 1 Yr. Growth %	-236.76	-18.03	-35.53	-91.3	-614.46
Common Equity, 1 Yr. Growth %	17.01	12.92	11.95	15.33	9.28
Cash From Operations, 1 Yr. Growth %	4.69	2.61	-0.27	64.19	4.63
Capital Expenditures, 1 Yr. Growth %	49.49	-33.58	-8.92	0.08	-22.01
Levered Free Cash Flow, 1 Yr. Growth %	44	-1.2	6.41	37.22	-6.11
Unlevered Free Cash Flow, 1 Yr. Growth %	49.36	-0.34	5.35	33.14	-6.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.06	28.72	10.71	7.49	9.32
Gross Profit, 2 Yr. CAGR %	17.17	20.2	10.16	9.26	12.18
EBITDA, 2 Yr. CAGR %	21.18	19.52	9.76	10.96	16.02
EBITA, 2 Yr. CAGR %	19.44	19.67	14.05	14.14	18.94
EBIT, 2 Yr. CAGR %	15.62	12.11	10.06	18.24	28.06
Earnings From Cont. Operations, 2 Yr. CAGR %	4.97	-8.18	1.37	26.55	37.92
Net Income, 2 Yr. CAGR %	4.97	-8.18	1.37	26.55	37.92
Normalized Net Income, 2 Yr. CAGR %	8.24	4.37	11.78	28.18	40.45
Diluted EPS Before Extra, 2 Yr. CAGR %	2.3	-9.16	0.78	25.03	36.22
Accounts Receivable, 2 Yr. CAGR %	18.02	22.88	9.06	0.89	1.53
Net Property, Plant and Equip., 2 Yr. CAGR %	7.59	9.47	-2.79	-6.6	-3.11
Total Assets, 2 Yr. CAGR %	46.94	34.08	-0.59	5.12	9.81
Tangible Book Value, 2 Yr. CAGR %	67.49	5.88	-27.3	-76.32	-33.12
Common Equity, 2 Yr. CAGR %	19.88	14.95	12.44	13.63	12.26
Cash From Operations, 2 Yr. CAGR %	20.81	3.65	1.16	27.96	31.07
Capital Expenditures, 2 Yr. CAGR %	-4.56	-0.36	-22.22	-4.53	-11.65
Levered Free Cash Flow, 2 Yr. CAGR %	34.39	19.26	4.48	20.8	13.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	36.62	21.94	4.33	18.39	11.76
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.41	19.42	20.46	10.32	8.02
Gross Profit, 3 Yr. CAGR %	17.31	14.89	16.65	9.66	11.4
EBITDA, 3 Yr. CAGR %	15.77	16.11	13.46	12.83	11.55
EBITA, 3 Yr. CAGR %	14.55	16.12	14.68	16.74	14.58
EBIT, 3 Yr. CAGR %	11.09	11.6	8.18	18.34	18.71
Earnings From Cont. Operations, 3 Yr. CAGR %	3.07	3.88	-5.21	17.66	24.32
Net Income, 3 Yr. CAGR %	3.07	3.88	-5.21	17.66	24.32
Normalized Net Income, 3 Yr. CAGR %	6.31	6.06	4.31	24.69	27.74
Diluted EPS Before Extra, 3 Yr. CAGR %	1.25	1.97	-6.12	16.56	22.99
Accounts Receivable, 3 Yr. CAGR %	20.35	15.56	17.47	4.09	3.43
Net Property, Plant and Equip., 3 Yr. CAGR %	12.49	5.45	3.79	-4.04	-4.33
Total Assets, 3 Yr. CAGR %	38.25	28.84	21.5	3.06	6.35
Tangible Book Value, 3 Yr. CAGR %	55.97	31.99	-10.26	-64.18	-33.93
Common Equity, 3 Yr. CAGR %	20.6	17.52	13.94	13.39	12.16
Cash From Operations, 3 Yr. CAGR %	14.11	14.41	2.33	18.88	19.66
Capital Expenditures, 3 Yr. CAGR %	7.34	-15.42	-3.3	-15.4	-10.75
Levered Free Cash Flow, 3 Yr. CAGR %	25.33	22.19	14.61	14.39	11.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.86	23.86	15.94	13.14	9.56
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.95	17.08	15.85	14.5	15.87
Gross Profit, 5 Yr. CAGR %	14.59	14.44	14.39	12.6	14.84
EBITDA, 5 Yr. CAGR %	12.43	10.22	11.08	13.79	14.45
EBITA, 5 Yr. CAGR %	10.93	9.59	11.69	15.07	16.33
EBIT, 5 Yr. CAGR %	8.71	5.96	7.5	13.88	15.69
Earnings From Cont. Operations, 5 Yr. CAGR %	7.27	-0.64	2.39	12.41	10.13
Net Income, 5 Yr. CAGR %	7.27	-0.64	2.39	12.41	10.13
Normalized Net Income, 5 Yr. CAGR %	6.66	3.13	4.97	14.03	17.44
Diluted EPS Before Extra, 5 Yr. CAGR %	5.52	-2.18	1.06	10.64	8.95
Accounts Receivable, 5 Yr. CAGR %	21.07	18.58	15.7	9.45	10.81
Net Property, Plant and Equip., 5 Yr. CAGR %	12.19	8	6.11	0.45	0.97
Total Assets, 5 Yr. CAGR %	28.36	23.81	21.16	18.77	16.68
Tangible Book Value, 5 Yr. CAGR %	255.34	24.65	14.93	-33.62	-20.21
Common Equity, 5 Yr. CAGR %	20.48	17.1	17.27	15.95	13.27
Cash From Operations, 5 Yr. CAGR %	14.14	14.27	8.74	19.65	12.98
Capital Expenditures, 5 Yr. CAGR %	-2.1	-12.15	-5.64	-11.22	-6.73
Levered Free Cash Flow, 5 Yr. CAGR %	20.21	31.58	16.05	21.51	14.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.95	32.68	16.86	21.52	14.24