Loading...
•
Dec 31, 2025
Tyler Q4 2025 Earnings Report
Tyler Technologies reported its financial results for the fourth quarter ended December 31, 2025, showing growth in total revenues, recurring revenues, and net income.
Key Takeaways
Tyler Technologies delivered solid fourth-quarter results for 2025, with total revenues increasing by 6.3% to $575.2 million. Recurring revenues, which constituted 89.4% of total revenues, grew by 10.9%. SaaS revenues saw a significant increase of 20.2%, and free cash flow reached a new high for the fourth quarter at $236.9 million. The company also completed two strategic acquisitions during the quarter.
Total revenues for Q4 2025 were $575.2 million, an increase of 6.3% compared to Q4 2024.
Recurring revenues grew by 10.9% to $514.4 million, representing 89.4% of total revenues.
SaaS revenues increased by 20.2% to $208.3 million, and transaction-based revenues grew by 12.1% to $196.7 million.
Free cash flow reached $236.9 million, up 9.7%, and adjusted EBITDA was $149.0 million, up 4.4%.
Revenue by Segment
Forward Guidance
For the full year 2026, Tyler Technologies expects total revenues to be between $2.50 billion and $2.55 billion. Subscription revenues are projected to grow between 12% and 15%, with SaaS revenues specifically expected to increase by 20.5% to 22.5%. Non-GAAP diluted earnings per share are anticipated to be in the range of $12.40 to $12.65, and free cash flow margin is expected to be between 26% and 28%.
Positive Outlook
- Total revenues expected to be in the range of $2.50 billion to $2.55 billion.
- Subscription revenues expected to grow between 12% and 15%.
- SaaS revenues expected to grow between 20.5% and 22.5%.
- Non-GAAP diluted earnings per share expected to be in the range of $12.40 to $12.65.
- Free cash flow margin expected to be in the range of 26% to 28%.
Challenges Ahead
- Maintenance revenues are expected to decline between 5% and 7%.
- Hardware and other revenues are expected to decline between 17% and 19%.
- Transaction revenues are expected to grow between 5% and 7% (between 10% and 12% excluding the impact of the termination of the Texas payments contract), indicating a potential slowdown or impact from contract changes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...