Form 8-K
8-K — TYLER TECHNOLOGIES INC
Accession: 0000860731-26-000056
Filed: 2026-10-28
Period: 2026-10-28
CIK: 0000860731
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Results of Operations and Financial Condition
Documents
8-K — tyl-20261028.htm (Primary)
EX-99.1 (a991earningsrelease-9302026.htm)
GRAPHIC (finalpressreleaseimage1a05a.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: tyl-20261028.htm · Sequence: 1
tyl-20261028
0000860731false00008607312026-10-282026-10-28
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
FORM 8-K
_____________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 28, 2026 (October 28, 2026)
Date of Report (Date of earliest event reported)
_____________________________________________
TYLER TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
_____________________________________________
Delaware 1-10485 75-2303920
(State or other jurisdiction of incorporation organization) (Commission
File Number) (I.R.S. Employer Identification No.)
5101 TENNYSON PARKWAY PLANO Texas 75024
(Address of principal executive offices) (City) (State) (Zip code)
(972) 713-3700
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Title of each class Trading symbol
Name of each exchange
on which registered
COMMON STOCK, $0.01 PAR VALUE TYL New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On October 28, 2026, Tyler Technologies, Inc. issued the earnings news release announcing results from operations and financial condition as of September 30, 2026, attached hereto as Exhibit 99.1, which news release is incorporated by reference herein.
Exhibit number
Exhibit description
99.1
News Release issued by Tyler Technologies, Inc. dated October 28, 2026
104
Cover Page Interactive Data File (embedded in the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TYLER TECHNOLOGIES, INC.
/s/ Brian K. Miller
October 28, 2026
By: Brian K. Miller
Executive Vice President and Chief Financial
Officer (principal financial officer)
EX-99.1
EX-99.1
Filename: a991earningsrelease-9302026.htm · Sequence: 2
Document
Tyler Technologies Reports Earnings for Third Quarter 2026
SaaS revenues grew 21.2% and free cash flow reached a new quarterly high
PLANO, Texas – October 28, 2026 – Tyler Technologies, Inc. (NYSE: TYL), a large-cap growth and value S&P 500 company, today announced financial results for the third quarter ended September 30, 2026.
"We achieved solid third quarter results, with double-digit recurring revenue growth, robust margin expansion, strong bookings, and record quarterly free cash flow," said Lynn Moore, Tyler's executive chair, president and chief executive officer. "Strong SaaS bookings reinforce healthy public sector demand, reflected in a growing sales pipeline and driven by continued public sector investment in digital modernization. Our government-grade AI strategy is delivering tangible progress, with approximately 300 deals containing AI sold across our client base to date. Combined with disciplined capital allocation, including our repurchase of approximately 8.5% of our outstanding shares year-to-date, these achievements position us well for a strong finish to 2026 and reinforce our confidence in our long-term growth initiatives that underpin our Tyler 2030 objectives," concluded Moore.
Third Quarter 2026 Financial Highlights (all comparisons are to the third quarter of 2025):
Revenues
•Total revenues were $647.6 million, up 8.7%.
•Recurring revenues were $568.8 million, up 11.0%, and comprised 87.8% of total revenues.
•Subscription revenues were $462.6 million, up 15.3%.
◦SaaS revenues grew 21.2% to $242.2 million.
◦Transaction revenues grew 9.5% to $220.4 million.
•Annualized recurring revenue (ARR) was $2.28 billion, up 11.0%.
Earnings/EBITDA
•GAAP operating income was $117.0 million, up 19.5%. Non-GAAP operating income was $182.1 million, up 14.8%.
•GAAP net income was $95.1 million, or $2.33 per diluted share, up 12.7%. Non-GAAP net income was $143.4 million, or $3.52 per diluted share, up 10.0%.
•Adjusted EBITDA was $192.7 million, up 13.4%.
Cash Flow
•Cash flows from operations were $282.5 million, up 10.7%.
•Free cash flow was $277.0 million, up 11.9%.
Tyler Technologies Reports Earnings
for Third Quarter 2026
October 28, 2026
Page 2
"Third quarter results reflect the strength and resilience of Tyler's recurring revenue model. Recurring revenues grew 11.0%, driven by SaaS revenue growth of 21.2%. Transaction-based revenues growth accelerated to 9.5% (14.2% excluding the impact of the Texas payments contract wind-down). Free cash flow reached a quarterly record of $277 million, up 11.9%, supported by earnings growth and improved working capital performance," said Brian Miller, Tyler's executive vice president and chief financial officer. "During the quarter, we deployed capital across both strategic growth initiatives and shareholder returns, including the acquisition of CODY Systems and the repurchase of 1.1 million shares of our common stock. Supported by our strong balance sheet, robust cash generation, and significant remaining share repurchase authorization, we maintain financial flexibility to invest in growth initiatives, pursue disciplined acquisition opportunities, and continue building shareholder value," concluded Miller.
Recent Business Highlights
•On July 30, we completed the acquisition of CODY Systems, an established public safety company that provides SaaS software and data management, integration, and exchange solutions for public safety, law enforcement, and other public sector entities, for approximately $27.7 million in cash.
•We repurchased 1,148,389 shares of our common stock during the quarter for approximately $379 million, with approximately $1.37 billion remaining under our previously announced repurchase authorizations.
Financial Outlook for 2026
As of October 28, 2026, Tyler Technologies is providing the following guidance for the full year 2026:
Guidance for 2026
Range
Total revenues
$2.535 billion to $2.565 billion
Non-GAAP diluted earnings per share
$12.95 to $13.20
Free cash flow margin
26% to 28%
Research and development expense
$245 million to $250 million
Capital expenditures
$20 million to $22 million
Capitalized software development costs included in capex
$5 million
Net interest income
$15 million to $17 million
Tyler Technologies has not reconciled forward-looking full-year non-GAAP financial measures to their most directly comparable GAAP measures, as permitted by item 10(e)(1)(i)(B) of Regulation S-K. Such reconciliations would require unreasonable efforts at this time to estimate and quantify with a reasonable degree of certainty various necessary GAAP components, including for example those related to stock-based compensation, acquisition transactions, tax items or others that may arise during the year. These components and other factors could materially impact the amount of the future directly comparable GAAP measures, which may differ significantly from their non-GAAP counterparts.
Tyler Technologies Reports Earnings
for Third Quarter 2026
October 28, 2026
Page 3
Conference Call
Prepared remarks, the quarterly earnings presentation providing additional information and analysis, and supplemental materials can be found at the Financials section of Tyler's investor relations website. Tyler Technologies will hold a Q&A conference call on Thursday, October 29, 2026, at 8:30 a.m. ET. Participants can pre-register for the teleconference here. Alternatively, participants can join the teleconference by dialing 833-461-5787 with the meeting ID 900 456 382.
The live audio webcast and archived replay can also be accessed at the Events & Presentations section of Tyler's investor relations website.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of technology solutions purpose-built exclusively for the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler’s solutions strengthen the core operations of government and help agencies turn insight into action for their communities. With more than 50,000 installations across 16,000 client locations, Tyler serves clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including on Government Technology’s GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.
Non-GAAP Financial Measures
Tyler Technologies has provided in this press release financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP) and are therefore considered non-GAAP financial measures. This information includes non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP earnings per diluted share, EBITDA, adjusted EBITDA, free cash flow, and free cash flow margin. We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating Tyler’s ongoing operational performance because they provide additional insight in comparing results from period to period while isolating the effects of some items that vary from period to period without correlation to core operating performance. Tyler believes the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures. EBITDA is net income before interest expense, other income, income taxes, depreciation, and amortization. Non-GAAP and adjusted financial measures discussed above exclude share-based compensation expense, employer portion of payroll taxes on employee stock transactions, expenses associated with amortization of intangibles arising from business combinations, acquisition-related expenses, restructuring costs and other, gain on remeasurement of equity investment, and non-recurring items in other income, net. Annualized recurring revenue (ARR) is calculated by annualizing the current quarter's recurring revenues from subscriptions and maintenance.
Tyler currently uses a non-GAAP tax rate of 23.0%. This rate is based on Tyler's estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP income in calculating Tyler's non-GAAP income, as well as significant non-recurring tax adjustments. The non-GAAP tax rate used in future periods will be reviewed periodically to determine whether it remains appropriate in consideration of factors including Tyler's periodic annual effective tax rate calculated in accordance with GAAP, changes resulting from tax legislation, changes in the geographic mix of revenues and expenses, and other factors
Tyler Technologies Reports Earnings
for Third Quarter 2026
October 28, 2026
Page 4
deemed significant. Due to differences in tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to Tyler's estimated annual tax rate as described above, the estimated tax rate on non-GAAP income may differ from the GAAP tax rate and from Tyler's actual tax liabilities.
Non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial information prepared in accordance with GAAP. The non-GAAP measures used by Tyler Technologies may be different from non-GAAP measures used by other companies. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures, which has been provided in the financial statement tables included below in this press release.
Forward-looking Statements
This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectations or beliefs with respect to our financial condition, results of operations or business. Forward-looking statements often contain words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” “plans,” “intends,” “continues,” “may,” “will,” “should,” “projects,” “might,” “could” or other similar words or phrases. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. We presently consider the following to be among the important factors that could cause actual results to differ materially from our expectations and beliefs: (1) changes in the budgets or regulatory environments of our clients, including local, state and federal government agencies, that could negatively impact information technology spending; (2) disruption to our business and harm to our competitive position resulting from cyber-attacks, evolving use of artificial intelligence (“AI”), security vulnerabilities and software updates, or changes in our ability to access third-party software and services; (3) our ability to protect client information from security breaches or misuse through AI and to provide uninterrupted operations of data centers; (4) our ability to achieve growth or operational synergies through the integration of acquired businesses, while avoiding unanticipated costs and disruptions to existing operations; (5) material portions of our business require the Internet infrastructure to be adequately maintained; (6) our ability to actively monitor developments in AI regulation and ethical standards as we expect that future changes in the regulatory landscape may affect our product development timelines, compliance costs, and market opportunities related to AI; (7) our ability to successfully research, develop, integrate, and commercialize AI capabilities into our solutions, to achieve client adoption of those capabilities, and to effectively monetize them is subject to significant risks, including the continued need for substantial investment, competition from new and existing market participants offering alternative AI solutions, and the possibility that clients may not adopt or pay for AI features at the levels we expect, any of which could result in disruption to our business, adversely affect our revenue and margins, and harm our competitive position; (8) our ability to achieve our financial forecasts due to various factors, including project delays by our clients, reductions in transaction size, fewer transactions, delays in delivery of new products or releases or a decline in our renewal rates for service agreements; (9) general economic, political and market conditions, including inflation and changes in interest rates; (10) technological and market risks associated with the development of new technologies, products or services or of new versions of existing or acquired products or services; (11) competition in the industry in which we conduct business and the impact of competition on pricing, client retention and pressure for new products or services; (12) the ability to attract and retain qualified personnel and dealing with rising labor costs, the loss or retirement of key members of management or other key
Tyler Technologies Reports Earnings
for Third Quarter 2026
October 28, 2026
Page 5
personnel; and (13) costs of compliance and any failure to comply with government and stock exchange regulations. These factors and other risks that affect our business are described in our filings with the Securities and Exchange Commission, including the detailed “Risk Factors” contained in our most recent annual report on Form 10-K and quarterly report on Form 10-Q. We expressly disclaim any obligation to publicly update or revise our forward-looking statements.
(Comparative results follow)
Contact: Hala Elsherbini
Senior Director, Investor Relations
Tyler Technologies, Inc.
972-713-3770
hala.elsherbini@tylertech.com
Source: Tyler Technologies
#TYL_Financial
26-41
TYLER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Amounts in thousands, except per share data)
(Unaudited)
Three months ended September 30, Nine months ended September 30,
2026 2025 2026 2025
Revenues:
Subscriptions $ 462,602 $ 401,094 $ 1,346,071 $ 1,181,158
Maintenance 106,239 111,312 320,923 336,236
Professional services 62,968 64,728 186,941 187,390
Other 15,757 18,745 52,230 52,377
Total revenues 647,566 595,879 1,906,165 1,757,161
Cost of revenues:
Subscriptions, maintenance, and professional services 305,924 289,070 906,254 859,718
Amortization of software development 5,470 6,195 16,673 17,079
Amortization of acquired software 8,786 9,376 26,302 27,989
Other 9,177 9,786 35,236 30,658
Total cost of revenues 329,357 314,427 984,465 935,444
Gross profit 318,209 281,452 921,700 821,717
Sales and marketing expense 40,023 37,560 118,671 110,345
General and administrative expense 81,561 79,971 259,259 236,024
Research and development expense 63,349 51,788 185,908 150,474
Amortization of other intangibles 16,239 14,201 45,918 42,173
Operating income 117,037 97,932 311,944 282,701
Interest expense (3,773) (1,235) (7,813) (3,743)
Gain on remeasurement of equity investment — — 25,048 —
Other income, net 7,893 10,855 19,031 26,397
Income before income taxes 121,157 107,552 348,210 305,355
Income tax provision 26,083 23,159 78,444 55,283
Net income $ 95,074 $ 84,393 $ 269,766 $ 250,072
Earnings per common share:
Basic $ 2.35 $ 1.96 $ 6.55 $ 5.80
Diluted $ 2.33 $ 1.93 $ 6.51 $ 5.70
Weighted average common shares outstanding:
Basic 40,491 43,135 41,179 43,085
Diluted 40,731 43,834 41,451 43,879
TYLER TECHNOLOGIES, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except per share data)
(Unaudited)
Three months ended September 30, Nine months ended September 30,
Reconciliation of non-GAAP gross profit and margin 2026 2025 2026 2025
GAAP gross profit $ 318,209 $ 281,452 $ 921,700 $ 821,717
Non-GAAP adjustments:
Add: Share-based compensation expense included in cost of
revenues 9,167 9,307 28,145 26,912
Add: Amortization of acquired software 8,786 9,376 26,302 27,989
Non-GAAP gross profit $ 336,162 $ 300,135 $ 976,147 $ 876,618
GAAP gross margin 49.1 % 47.2 % 48.4 % 46.8 %
Non-GAAP gross margin 51.9 % 50.4 % 51.2 % 49.9 %
Three months ended September 30, Nine months ended September 30,
Reconciliation of non-GAAP operating income and margin 2026 2025 2026 2025
GAAP operating income $ 117,037 $ 97,932 $ 311,944 $ 282,701
Non-GAAP adjustments:
Add: Share-based compensation expense 39,214 36,669 120,035 112,631
Add: Employer portion of payroll tax related to employee stock
transactions 103 159 1,332 2,278
Add: Acquisition-related costs 492 214 2,803 247
Add: Restructuring costs and other 189 57 6,004 105
Add: Amortization of acquired software 8,786 9,376 26,302 27,989
Add: Amortization of other intangibles
16,239 14,201 45,918 42,173
Non-GAAP adjustments subtotal 65,023 60,676 202,394 185,423
Non-GAAP operating income $ 182,060 $ 158,608 $ 514,338 $ 468,124
GAAP operating margin 18.1 % 16.4 % 16.4 % 16.1 %
Non-GAAP operating margin 28.1 % 26.6 % 27.0 % 26.6 %
TYLER TECHNOLOGIES, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except per share data)
(Unaudited)
Three months ended September 30, Nine months ended September 30,
Reconciliation of non-GAAP net income and earnings per share 2026 2025 2026 2025
GAAP net income $ 95,074 $ 84,393 $ 269,766 $ 250,072
Non-GAAP adjustments:
Add: Total non-GAAP adjustments to operating income 65,023 60,676 202,394 185,423
Less: Gain on remeasurement of equity investment — — (25,048) —
Add: Non-recurring items in other income, net — — 1,406 —
Less: Income tax impact (16,738) (14,692) (42,757) (55,142)
Non-GAAP net income $ 143,359 $ 130,377 $ 405,761 $ 380,353
GAAP earnings per diluted share $ 2.33 $ 1.93 $ 6.51 $ 5.70
Non-GAAP earnings per diluted share $ 3.52 $ 2.97 $ 9.79 $ 8.67
Three months ended September 30, Nine months ended September 30,
Detail of share-based compensation expense 2026 2025 2026 2025
Cost of revenues $ 9,167 $ 9,307 $ 28,145 $ 26,912
Operating expenses 30,047 27,362 91,890 85,719
Total share-based compensation expense $ 39,214 $ 36,669 $ 120,035 $ 112,631
Three months ended September 30, Nine months ended September 30,
Reconciliation of EBITDA and adjusted EBITDA 2026 2025 2026 2025
GAAP net income $ 95,074 $ 84,393 $ 269,766 $ 250,072
Amortization of other intangibles 16,239 14,201 45,918 42,173
Depreciation and amortization included in cost of revenues, sales and marketing expense, general and administrative expense, and research and development expense 19,383 20,683 58,401 61,214
Interest expense 3,773 1,235 7,813 3,743
Gain on remeasurement of equity investment — — (25,048) —
Other income, net (7,893) (10,855) (19,031) (26,397)
Income tax provision 26,083 23,159 78,444 55,283
EBITDA $ 152,659 $ 132,816 $ 416,263 $ 386,088
Share-based compensation expense 39,214 36,669 120,035 112,631
Acquisition-related costs 492 214 2,803 247
Employer portion of payroll tax related to employee stock transactions 103 159 1,332 2,278
Lease restructuring costs and other 189 57 6,004 105
Adjusted EBITDA $ 192,657 $ 169,915 $ 546,437 $ 501,349
TYLER TECHNOLOGIES, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except per share data)
(Unaudited)
Three months ended September 30, Nine months ended September 30,
Reconciliation of free cash flow 2026 2025 2026 2025
Net cash provided by operating activities $ 282,473 $ 255,191 $ 514,146 $ 409,660
Less: additions to property and equipment (4,433) (3,876) (12,721) (11,698)
Less: investment in software development (1,062) (3,738) (3,167) (14,138)
Free cash flow $ 276,978 $ 247,577 $ 498,258 $ 383,824
Free cash flow margin 42.8 % 41.5 % 26.1 % 21.8 %
TYLER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
(Unaudited)
September 30, 2026 December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents $ 788,222 $ 1,015,400
Accounts receivable, net 684,176 638,798
Short-term investments 91,172 81,800
Prepaid expenses and other current assets 88,937 84,142
Income tax receivable 9,469 23,748
Total current assets 1,661,976 1,843,888
Accounts receivable, long-term portion 16,567 5,968
Operating lease right-of-use assets 37,551 35,602
Property and equipment, net 160,823 160,355
Other assets:
Software development costs, net 48,645 68,371
Goodwill 2,770,159 2,590,013
Other intangibles, net 834,981 780,414
Non-current investments 25,289 60,698
Other non-current assets 89,439 93,599
Total assets $ 5,645,430 $ 5,638,908
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 390,117 $ 365,346
Operating lease liabilities 11,182 9,598
Deferred revenue 846,284 780,838
Current portion of convertible senior notes due 2026, net — 599,663
Total current liabilities 1,247,583 1,755,445
Convertible senior notes due 2031, net 1,410,110 —
Deferred revenue, long-term 17,971 20,988
Deferred income taxes 110,451 95,063
Operating lease liabilities, long-term 34,011 33,347
Other long-term liabilities 34,969 31,276
Total liabilities 2,855,095 1,936,119
Shareholders' equity $ 2,790,335 $ 3,702,789
Total liabilities and shareholders' equity $ 5,645,430 $ 5,638,908
TYLER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
(Unaudited)
Three months ended September 30, Nine months ended September 30,
2026 2025 2026 2025
Cash flows from operating activities:
Net income $ 95,074 $ 84,393 $ 269,766 $ 250,072
Adjustments to reconcile net income to cash
provided by operations:
Depreciation and amortization 37,131 34,988 111,892 103,931
Gains from sale of investments — — (4) —
Share-based compensation expense 39,214 36,669 120,035 112,631
Operating lease right-of-use assets expense 1,988 2,300 7,880 7,160
Deferred income tax provision 9,492 37,462 41,358 26,382
Gain on remeasurement of equity investment — — (25,048) —
Other 194 43 227 82
Changes in operating assets and liabilities,
exclusive of effects of acquired companies 99,380 59,336 (11,960) (90,598)
Net cash provided by operating activities 282,473 255,191 514,146 409,660
Cash flows from investing activities:
Additions to property and equipment (4,433) (3,876) (12,721) (11,698)
Purchase of marketable security investments (4,725) (72,680) (56,206) (179,966)
Proceeds and maturities from marketable security investments 8,090 42,023 81,850 76,307
Investment in software development (1,062) (3,738) (3,167) (14,138)
Cost of acquisitions, net of cash acquired (24,739) (16,907) (239,030) (35,137)
Other (9) (1) 4 525
Net cash used by investing activities (26,878) (55,179) (229,270) (164,107)
Cash flows from financing activities:
Repayment of convertible senior notes due 2026 — — (600,000) —
Proceeds from issuance of convertible senior notes due 2031 — — 1,437,500 —
Purchase of capped call transactions — — (187,163) —
Payment of debt issuance costs — — (31,704) —
Purchase of treasury shares (369,097) (173,045) (1,124,102) (174,650)
Payment of employee taxes paid for withheld shares upon equity award settlement, net of proceeds from exercise of stock options 5,526 15,461 (16,608) 12,306
Contributions from employee stock purchase plan 4,376 4,561 13,554 13,883
Other (3,531) (335) (3,531) (7,712)
Net cash used by financing activities (362,726) (153,358) (512,054) (156,173)
Net (decrease) increase in cash and cash equivalents (107,131) 46,654 (227,178) 89,380
Cash and cash equivalents at beginning of period 895,353 787,447 1,015,400 744,721
Cash and cash equivalents at end of period $ 788,222 $ 834,101 $ 788,222 $ 834,101
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Entity Registrant Name
TYLER TECHNOLOGIES, INC
Entity Incorporation, State or Country Code
DE
Entity File Number
1-10485
Entity Tax Identification Number
75-2303920
Entity Address, Address Line One
5101 TENNYSON PARKWAY
Entity Address, City or Town
PLANO
Entity Address, State or Province
TX
Entity Address, Postal Zip Code
75024
City Area Code
972
Local Phone Number
713-3700
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
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Data Type:
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Period Type:
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