Tyler Technologies said total revenues for both the 3 and 9 months ended September 30, 2025 increased 10% compared to the prior period. Subscriptions revenue grew 15.5% and 18.8%, respectively, for the same periods, with the company citing the ongoing shift toward SaaS arrangements for both new and existing clients and growth in certain transaction-based revenues as the primary drivers.

1. 01

   Tyler Technologies said total revenues for both the 3 and 9 months ended September 30, 2025 increased 10% compared to the prior period. Subscriptions revenue grew 15.5% and 18.8%, respectively, for the same periods, with the company citing the ongoing shift toward SaaS arrangements for both new and existing clients and growth in certain transaction-based revenues as the primary drivers.

2. 02

   Tyler Technologies said ARR as of September 30, 2025 was $2.05 billion, up approximately 11% compared to $1.85 billion as of the same date in 2024. It added that SaaS fees for the 3 and 9 months grew 20% and 21%, respectively, compared to the prior period.

3. 03

   Tyler Technologies said operating cash flow for the 9 months ended 2025 was $409.7 million, compared to $399.9 million in the prior-year period, and that it repurchased approximately 303,000 shares for $174.7 million during the same period. The company said cash and cash equivalents as of September 30, 2025 were $834.1 million.

4. 04

   Tyler Technologies acquired Emergency Networking, Inc on July 28, 2025. The total cash purchase price, net of cash acquired of $497,000, was approximately $19.4 million, subject to holdbacks of $2.5 million. The company said its revolving credit facility under the 2024 Credit Agreement was $700.0 million, and as of September 30, 2025 there were no outstanding borrowings.

Key figures

Quarter ended September 30, 2025

Revenue

$596M

Operating income

$98M

Net income

$84M

EPS

$1.93

Gross profit

$281M

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

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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