TYL FY 2025 Earnings Report — Tyler Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Tyler Technologies, Inc.TYL

FY 2025 Earnings

Reported February 18, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	9.1%
Op. Income	$358M	—	$300M	—	19.4%
Gross Margin	44.0%	—	41.0%	—	3.1pp
Net Margin	13.5%	—	12.3%	—	1.2pp
EPS (Diluted)	$7.20	—	$6.05	—	19.0%
Free Cash Flow	$638M	—	$604M	—	5.5%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.0B
R&D Expenses	$205M
Selling & Marketing	$149M
General & Administrative	$316M
SG&A Expenses	$465M
Other Expenses	$0
Operating Expenses	$670M
Cost & Expenses	$2.0B
OPERATING INCOME	$358M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$390M
Income Tax Expense	$75M
Net Income from Continuing Ops	$316M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$316M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$316M
D&A	$148M
EBIT	$358M
EBITDA	$506M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.0B
R&D Expenses	$205M
Selling & Marketing	$149M
General & Administrative	$316M
SG&A Expenses	$465M
Other Expenses	$0
Operating Expenses	$670M
Cost & Expenses	$2.0B
OPERATING INCOME	$358M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$390M
Income Tax Expense	$75M
Net Income from Continuing Ops	$316M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$316M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$316M
D&A	$148M
EBIT	$358M
EBITDA	$506M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$316M
Depreciation & Amortization	$138M
Stock-Based Compensation	$151M
Deferred Income Tax	$44M
Other Non-Cash Items	$24M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$654M
Capital Expenditure	-$16M
Acquisitions (Net)	-$84M
Purchases of Investments	-$228M
Sales/Maturities of Investments	$122M
Other Investing Activities	-$16M
NET CASH FROM INVESTING	-$222M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$182M
NET CASH FROM FINANCING	-$160M
FREE CASH FLOW	$638M
Net Change in Cash	$271M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$82M
Net Receivables	$663M
Inventory	$0
Other Current Assets	$84M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$196M
Goodwill	$2.6B
Intangible Assets	$849M
Long-Term Investments	$61M
Tax Assets	$0
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.6B
Account Payables	$365M
Short-Term Debt	$609M
Deferred Revenue	$781M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$33M
Deferred Revenue NC	$21M
Deferred Tax Liabilities	$95M
Other Non-Current Liabilities	-$2M
TOTAL NON-CURRENT LIABILITIES	$181M
TOTAL LIABILITIES	$1.9B
Common Stock	$3.7B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$676M
Net Debt	-$339M