Core Insights - Tyler Technologies (TYL) reported Q4 2025 earnings of $2.64 per share, missing the Zacks Consensus Estimate of $2.71, but showing an increase from $2.43 per share a year ago [1] - The company generated revenues of $575.2 million for the quarter, which was 2.45% below the Zacks Consensus Estimate, compared to $541.13 million in the same quarter last year [2] Revenue Performance - Recurring revenues from maintenance and subscriptions rose by 10.9% year over year to $514.4 million, making up 89.4% of total revenues [3] - Annualized recurring revenues (ARR) reached $2.1 billion, also reflecting a 10.9% year-over-year increase [3] - Maintenance revenues accounted for 19.0% of total revenues at $109.4 million, down 4.9% year over year, while subscription revenues grew by 16.1% to $405.0 million, driven by a 20.2% increase in SaaS revenues and a 12.1% increase in transaction-based revenues [3] Operating Performance - Non-GAAP gross profit increased to $280.6 million, with a non-GAAP gross margin of 48.8%, up 180 basis points [5] - Adjusted EBITDA rose to $149 million from $142.8 million in the previous year [5] - Non-GAAP operating income was $138.5 million, a 5.1% increase year over year, with a non-GAAP operating margin of 24.1%, down 30 basis points [5] Balance Sheet and Cash Flow - As of December 31, 2025, cash and cash equivalents were $1.015 billion, up from $834.1 million in the previous quarter [6] - The company generated operating cash flow of $243.9 million and free cash flow of $236.9 million in Q4 2025 [6] - For the full year 2025, operating and free cash flows were $653.5 million and $620.8 million, respectively [6] 2026 Guidance - Tyler Technologies projects 2026 revenues between $2.50 billion and $2.55 billion, with the Zacks Consensus Estimate at $2.35 billion, indicating a 9.8% year-over-year increase [9] - Expected GAAP diluted EPS is in the range of $8.36-$8.61, while non-GAAP diluted EPS is projected between $12.40-$12.65 [9] - The free cash flow margin is anticipated to be between 26% and 28% [9]

Core Insights - Tyler Technologies, Inc. (TYL) reported Q3 2025 earnings of $2.97 per share, exceeding the Zacks Consensus Estimate of $2.88 by 3.12%, and up from $2.52 per share a year ago [1][8] - The company achieved revenues of $595.9 million for the quarter, surpassing the Zacks Consensus Estimate by 0.19%, and reflecting a year-over-year increase from $543.34 million [2][8] Revenue Performance - Recurring revenues from maintenance and subscriptions rose 10.7% year over year to $512.4 million, making up 86.0% of total revenues [3] - Subscription revenues increased by 15.5% year over year to $401.1 million, driven by a 19.9% growth in SaaS revenues to $199.8 million and an 11.5% growth in transaction-based revenues to $201.3 million [4] - Total revenues from hardware and other sources grew 37.4% year over year to $13.6 million [5] Operating Metrics - Non-GAAP gross profit increased 18.5% year over year to $281.5 million, with a gross margin improvement of 350 basis points to 47.2% [6] - Adjusted EBITDA rose 14.4% year over year to $169.9 million, while non-GAAP operating income increased 15.1% to $158.6 million, with an operating margin expansion of 120 basis points to 26.6% [6] Cash Flow and Balance Sheet - As of September 30, 2025, cash and investments totaled $834.1 million, down from $892.3 million as of June 30, 2025 [7] - The company generated operating cash flow of $255.2 million and free cash flow of $247.6 million in Q3 2025 [7] Guidance and Projections - Tyler Technologies revised its full-year 2025 revenue guidance to between $2.335 billion and $2.36 billion, indicating a year-over-year growth of 9.5% [9] - The adjusted earnings per share guidance for FY25 is now projected in the range of $11.30-$11.50, up from the previous range of $11.20-$11.50 [10]

The upcoming report from Tyler Technologies (TYL) is expected to reveal quarterly earnings of $2.56 per share, indicating an increase of 16.4% compared to the year-ago period. Analysts forecast revenues of $556.02 million, representing an increase of 8.5% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earni ...