Tyler Technologies said total revenues for the 3 months ended March 31, 2025 increased 10% compared to the prior period, with subscriptions revenue growing 20%, citing an ongoing shift toward SaaS arrangements for both new and existing clients and growth in certain transaction-based revenues.

10-QQuarterly reportFiled Apr 25, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Tyler Technologies said total revenues for the 3 months ended March 31, 2025 increased 10% compared to the prior period, with subscriptions revenue growing 20%, citing an ongoing shift toward SaaS arrangements for both new and existing clients and growth in certain transaction-based revenues.
The company said annualized recurring revenues (ARR) as of March 31, 2025 were $1.95 billion, up approximately 13% from $1.72 billion as of March 31, 2024, citing an increase in subscriptions revenue resulting from an ongoing shift toward SaaS arrangements for both new and existing clients and expansion in transaction-based fee arrangements.
Tyler Technologies said operating activities provided cash of $56.2 million for the 3 months ended March 31, 2025, compared to $71.8 million in the prior period, and explained that changes in working capital, excluding cash, decreased cash provided by operating activities by approximately $99.5 million.
The company said it had cash and cash equivalents of $705.7 million and investments of $104.7 million as of March 31, 2025, no borrowings outstanding under its revolving credit facility of $700.0 million, and convertible notes with a principal amount of $600.0 million maturing in 2026.

Key figures

Quarter ended March 31, 2025

Revenue: $565M
Operating income: $89M
Net income: $81M
EPS: $1.84
Gross profit: $267M
Operating cash flow: $56M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly revenues up 10%, subscriptions revenue up 20%

Tyler Technologies said total revenues for the 3 months ended March 31, 2025 increased 10% compared to the prior period, with subscriptions revenue growing 20%, citing an ongoing shift toward SaaS arrangements for both new and existing clients and growth in certain transaction-based revenues.

Source · Based on the MD&A text of the filing

ARR $1.95 billion, up approximately 13%

The company said annualized recurring revenues (ARR) as of March 31, 2025 were $1.95 billion, up approximately 13% from $1.72 billion as of March 31, 2024, citing an increase in subscriptions revenue resulting from an ongoing shift toward SaaS arrangements for both new and existing clients and expansion in transaction-based fee arrangements.

Source · Based on the MD&A text of the filing

Quarterly operating cash flow $56.2 million

Tyler Technologies said operating activities provided cash of $56.2 million for the 3 months ended March 31, 2025, compared to $71.8 million in the prior period, and explained that changes in working capital, excluding cash, decreased cash provided by operating activities by approximately $99.5 million.

Source · Based on the MD&A text of the filing

Liquidity: cash $705.7 million, revolving credit facility undrawn

The company said it had cash and cash equivalents of $705.7 million and investments of $104.7 million as of March 31, 2025, no borrowings outstanding under its revolving credit facility of $700.0 million, and convertible notes with a principal amount of $600.0 million maturing in 2026.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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