Tyler Technologies Inc. (TYL) financial statements: income statement, balance sheet and cash flow
Tyler Technologies Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Tyler Technologies Inc. reported revenue of $2.3B (+9.1% year on year) and net income of $315.6M (+20.0% year on year).
Income statement
Tyler Technologies Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$2.3B
$2.1B
$2.0B
$1.9B
Total cost of revenues
$1.2B
$1.2B
$1.1B
$1.1B
Gross profit
$1.1B
$935.8M
$861.1M
$783.9M
Sales and marketing expense
$148.6M
$157.7M
$149.8M
$135.7M
General and administrative expense
$316.4M
$300.9M
$308.6M
$267.3M
Research and development expense
$204.6M
$117.9M
$109.6M
$105.2M
Amortization of other intangibles
$56.4M
$59.6M
$74.6M
$61.4M
Operating income
$357.7M
$299.5M
$218.5M
$214.2M
Interest expense
($5.0M)
($5.9M)
($23.6M)
($28.4M)
Other income, net
$37.6M
$14.6M
$3.3M
$1.7M
Income before income taxes
$390.3M
$308.2M
$198.2M
$187.6M
Income tax provision
$74.7M
$45.1M
$32.3M
$23.4M
Net income
$315.6M
$263.0M
$165.9M
$164.2M
Basic (in dollars per share)
$7.32
$6.17
$3.95
$3.95
Diluted (in dollars per share)
$7.20
$6.05
$3.88
$3.87
Tyler Technologies Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$645.1M
$613.5M
$595.9M
$596.1M
Total cost of revenues
$338.0M
$317.1M
$314.4M
$322.9M
Gross profit
$307.1M
$296.4M
$281.5M
$273.2M
Sales and marketing expense
$39.9M
$38.8M
$37.6M
$36.3M
General and administrative expense
$93.7M
$84.0M
$80.0M
$76.6M
Research and development expense
$62.8M
$59.7M
$51.8M
$50.8M
Amortization of other intangibles
$15.5M
$14.1M
$14.2M
$13.8M
Operating income
$95.1M
$99.8M
$97.9M
$95.6M
Interest expense
($3.0M)
($1.1M)
($1.2M)
($1.3M)
Gain on remeasurement of equity investment
$25.0M
—
—
—
Other income, net
$3.5M
$7.7M
$10.9M
$8.2M
Income before income taxes
$120.6M
$106.4M
$107.6M
$102.5M
Income tax provision
$27.1M
$25.2M
$23.2M
$17.9M
Net income
$93.5M
$81.2M
$84.4M
$84.6M
Basic (in dollars per share)
$2.25
$1.90
$1.96
$1.96
Diluted (in dollars per share)
$2.23
$1.88
$1.93
$1.93
Balance sheet
Tyler Technologies Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.0B
$744.7M
$165.5M
$173.9M
Accounts receivable (less allowance for losses and sales adjustments of $31,972 in 2025 and $17,325 in 2024)
$638.8M
$587.6M
$619.7M
$577.3M
Short-term investments
$81.8M
$23.3M
$10.4M
$37.0M
Prepaid expenses
$74.7M
$65.1M
$54.7M
$50.9M
Income tax receivable
$23.7M
$12.0M
—
$0
Other current assets
$9.4M
$8.1M
$10.3M
$8.2M
Total current assets
$1.8B
$1.4B
$860.6M
$847.2M
Accounts receivable, long-term
$6.0M
$7.2M
$9.0M
$8.3M
Operating lease right-of-use assets
$35.6M
$31.4M
$39.0M
$51.0M
Property and equipment, net
$160.4M
$163.8M
$169.7M
$172.8M
Software development costs, net
$68.4M
$76.1M
$67.1M
$48.2M
Goodwill
$2.6B
$2.5B
$2.5B
$2.5B
Other intangibles, net
$780.4M
$832.0M
$928.9M
$1.0B
Non-current investments
$60.7M
$10.8M
$7.0M
$18.5M
Other non-current assets
$93.6M
$86.4M
$63.2M
$50.0M
Total assets
$5.6B
$5.2B
$4.7B
$4.7B
Accounts payable
$174.7M
$156.8M
$146.3M
$104.8M
Accrued liabilities
$190.7M
$197.7M
$158.6M
$131.9M
Operating lease liabilities
$9.6M
$9.6M
$11.1M
$10.7M
Deferred revenue
$780.8M
$701.4M
$632.9M
$568.5M
Current portion of convertible senior notes due 2026, net
$599.7M
$0
$49.8M
$30.0M
Total current liabilities
$1.8B
$1.1B
$1.0B
$889.7M
Convertible senior notes due 2026, net
$0
$597.9M
$596.2M
$594.5M
Deferred revenue, long-term
$21.0M
$22.4M
$291.0K
$2.0M
Deferred income taxes
$95.1M
$47.5M
$78.6M
$148.9M
Operating lease liabilities, long-term
$33.3M
$30.8M
$39.8M
$48.0M
Other long-term liabilities
$31.3M
$27.4M
$22.6M
$17.0M
Total liabilities
$1.9B
$1.8B
$1.7B
$2.1B
Commitments and contingencies
$0
$0
$0
$0
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued
0
0
0
0
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued in 2025 and 2024
481.0K
481.0K
481.0K
481.0K
Additional paid-in capital
$1.6B
$1.5B
$1.4B
$1.2B
Accumulated other comprehensive loss, net of tax
($11.0K)
($157.0K)
($326.0K)
($844.0K)
Retained earnings
$2.2B
$1.9B
$1.6B
$1.4B
Treasury stock, at cost; 5,027,037 and 5,184,092 shares in 2025 and 2024, respectively
-96.2M
-18.0M
-20.7M
-22.8M
Total shareholders' equity
$3.7B
$3.4B
$2.9B
$2.6B
Total liabilities and shareholders' equity
$5.6B
$5.2B
$4.7B
$4.7B
Tyler Technologies Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$895.4M
$316.0M
$834.1M
$787.4M
Accounts receivable (less allowance for losses and sales adjustments of $25,757 at 2026 and $31,972 at 2025)
$724.9M
$573.0M
$662.0M
$714.4M
Short-term investments
$74.7M
$30.3M
$116.7M
$104.9M
Prepaid expenses
$87.0M
$97.6M
$80.1M
$91.1M
Income tax receivable
$23.8M
$14.6M
$36.8M
$17.6M
Other current assets
$11.4M
$9.6M
$8.2M
$8.2M
Total current assets
$1.8B
$1.0B
$1.7B
$1.7B
Accounts receivable, long-term
$10.4M
$8.3M
$6.9M
$7.0M
Operating lease right-of-use assets
$38.4M
$40.5M
$36.6M
$34.7M
Property and equipment, net
$159.5M
$158.8M
$160.6M
$161.3M
Software development costs, net
$53.6M
$58.8M
$71.8M
$74.7M
Goodwill
$2.8B
$2.6B
$2.6B
$2.5B
Other intangibles, net
$846.2M
$755.7M
$779.2M
$793.7M
Non-current investments
$45.2M
$51.5M
$22.4M
$3.0M
Other non-current assets
$88.4M
$92.2M
$87.6M
$85.6M
Total assets
$5.8B
$4.8B
$5.5B
$5.4B
Accounts payable
$178.6M
$186.1M
$147.9M
$171.6M
Accrued liabilities
$182.3M
$133.3M
$173.1M
$172.6M
Operating lease liabilities
$11.2M
$10.6M
$9.7M
$9.0M
Deferred revenue
$797.4M
$709.8M
$761.0M
$720.5M
Current portion of convertible senior notes due 2026, net
$0
$0
$599.2M
$598.8M
Total current liabilities
$1.2B
$1.0B
$1.7B
$1.7B
Convertible senior notes due 2031, net
$1.4B
—
$0
$0
Deferred revenue, long-term
$19.5M
$21.1M
$22.2M
$22.9M
Deferred income taxes
$108.6M
$109.2M
$75.8M
$36.4M
Operating lease liabilities, long-term
$35.1M
$37.4M
$34.6M
$33.9M
Other long-term liabilities
$34.9M
$33.0M
$31.1M
$25.4M
Total liabilities
$2.8B
$1.2B
$1.9B
$1.8B
Commitments and contingencies
$0
$0
$0
$0
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued
0
0
0
0
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of June 30, 2026 and December 31, 2025
481.0K
481.0K
481.0K
481.0K
Additional paid-in capital
$1.5B
$1.6B
$1.6B
$1.6B
Accumulated other comprehensive loss, net of tax
($400.0K)
($279.0K)
($54.0K)
($115.0K)
Retained earnings
$2.4B
$2.3B
$2.1B
$2.0B
Treasury stock, at cost; 7,217,405 and 5,027,037 shares in 2026 and 2025, respectively
-780.9M
-275.7M
-160.4M
-18.4M
Total shareholders' equity
$3.0B
$3.6B
$3.6B
$3.6B
Total liabilities and shareholders' equity
$5.8B
$4.8B
$5.5B
$5.4B
Cash flow statement
Tyler Technologies Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$315.6M
$263.0M
$165.9M
$164.2M
Depreciation and amortization
$138.4M
$143.4M
$154.1M
$159.1M
Gains (losses) from sale of investments
($8.0K)
$24.0K
$1.0K
$45.0K
Share-based compensation expense
$151.3M
$122.8M
$108.3M
$103.0M
Provision (reductions in allowance) for losses and sales adjustments - accounts receivable
$14.6M
($5.5M)
$8.2M
$2.8M
Amortization of operating lease right-of-use assets
$9.5M
$8.9M
$16.7M
$13.0M
Deferred income tax provision (benefit)
$43.9M
($30.7M)
($73.7M)
($87.2M)
Other
$80.0K
$207.0K
$475.0K
—
Accounts receivable
($61.7M)
$28.8M
($39.9M)
($51.4M)
Income tax receivable
($12.0M)
—
($41.2M)
$61.9M
Prepaid expenses and other current assets
($18.9M)
($29.8M)
($19.7M)
$910.0K
Accounts payable
$17.8M
$10.5M
$41.5M
($17.5M)
Operating lease liabilities
($11.1M)
($11.7M)
($11.5M)
($12.4M)
Accrued liabilities
($3.3M)
$43.4M
$13.1M
($24.3M)
Deferred revenue
$70.3M
$90.8M
$58.5M
$59.5M
Other long-term liabilities
($842.0K)
$4.8M
($376.0K)
$9.9M
Net cash provided by operating activities
$653.5M
$624.6M
$380.4M
$381.5M
Additions to property and equipment
($16.0M)
($20.5M)
($20.5M)
($22.5M)
Purchase of marketable security investments
($228.5M)
($32.4M)
($10.6M)
($29.9M)
Proceeds and maturities from marketable security investments
$121.9M
$16.0M
$49.4M
$71.0M
Investment in software development
($16.8M)
($29.4M)
($32.5M)
($27.6M)
Cost of acquisitions, net of cash acquired
($83.7M)
($1.4M)
($62.8M)
($163.9M)
Other
$526.0K
$173.0K
$13.0K
$443.0K
Net cash used by investing activities
($222.5M)
($67.6M)
($77.0M)
($172.5M)
Payment on term loans
$0
($50.0M)
($345.0M)
($360.0M)
Payment of debt issuance costs
$0
($2.6M)
$0
$0
Purchase of treasury shares
174.7M
—
0
0
Proceeds from exercise of stock options, net of withheld shares for taxes upon equity award settlement
3.1M
57.2M
17.0M
-890.0K
Contributions from employee stock purchase plan
$18.8M
$17.6M
$16.2M
$16.7M
Other
($7.7M)
—
—
—
Net cash (used) provided by financing activities
($160.4M)
$22.2M
($311.8M)
($344.2M)
Net increase (decrease) in cash and cash equivalents
$270.7M
$579.2M
($8.4M)
($135.3M)
Cash and cash equivalents at beginning of period
$744.7M
$165.5M
$173.9M
$309.2M
Cash and cash equivalents at end of period
$1.0B
$744.7M
$165.5M
$173.9M
Cash paid for interest
$2.2M
$3.1M
$19.2M
$21.3M
Cash paid for income taxes, net
$40.8M
$84.2M
$142.8M
$38.5M
Non-cash additions to property and equipment
$312.0K
$254.0K
$3.1M
$169.0K
Issuance of shares for acquisitions
0
0
5.7M
18.2M
Tyler Technologies Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$174.7M
$81.2M
$250.1M
$165.7M
Depreciation and amortization
$74.8M
$38.9M
$103.9M
$68.9M
Gains from sale of investments
($4.0K)
($3.0K)
$0
$0
Share-based compensation expense
$80.8M
$37.2M
$112.6M
$76.0M
Amortization of operating lease right-of-use assets
$5.9M
$2.3M
$7.2M
$4.9M
Deferred income tax benefit
$31.9M
$14.2M
$26.4M
($11.1M)
Gain on remeasurement of equity investment
($25.0M)
—
—
—
Other
$33.0K
—
$82.0K
$39.0K
Accounts receivable
($82.9M)
$63.4M
($72.6M)
($126.2M)
Income tax payable
$379.0K
$9.1M
($24.8M)
($5.6M)
Prepaid expenses and other current assets
($12.2M)
($21.8M)
($16.9M)
($25.7M)
Accounts payable
$3.0M
$11.5M
($9.0M)
$14.8M
Operating lease liabilities
($4.9M)
($2.2M)
($8.5M)
($5.7M)
Accrued liabilities
($21.4M)
($57.3M)
($21.6M)
($19.7M)
Deferred revenue
$3.0M
($71.0M)
$57.3M
$18.5M
Other long-term liabilities
$3.6M
$1.7M
$5.4M
($314.0K)
Net cash provided by operating activities
$231.7M
$107.3M
$409.7M
$154.5M
Additions to property and equipment
($8.3M)
($3.2M)
($11.7M)
($7.8M)
Purchase of marketable security investments
($51.5M)
($1.4M)
($180.0M)
($107.3M)
Proceeds and maturities from marketable security investments
$73.8M
$61.9M
$76.3M
$34.3M
Investment in software development
($2.1M)
($1.3M)
($14.1M)
($10.4M)
Cost of acquisitions, net of cash acquired
($214.3M)
($20.0K)
($35.1M)
($18.2M)
Other
$13.0K
($8.0K)
$525.0K
$526.0K
Net cash used by investing activities
($202.4M)
$56.0M
($164.1M)
($108.9M)
Repayment of convertible senior notes due 2026
($600.0M)
($600.0M)
—
—
Proceeds from issuance of convertible senior notes due 2031
$1.4B
—
—
—
Purchase of capped call transactions
($187.2M)
—
—
—
Payment of debt issuance costs
($31.7M)
—
$0
—
Purchase of treasury shares
-755.0M
-250.1M
-174.7M
-1.6M
Payment of employee taxes paid for withheld shares upon equity award settlement, net of proceeds from exercise of stock options
-22.1M
-16.4M
12.3M
-3.2M
Contributions from employee stock purchase plan
$9.2M
$3.8M
$13.9M
$9.3M
Other
$0
$0
($7.7M)
($7.4M)
Net cash used by financing activities
($149.3M)
($862.6M)
($156.2M)
($2.8M)
Net (decrease) increase in cash and cash equivalents