
• Reported GAAP EPS of $1.90 up 1.06% YoY • Reported revenue of $613.5M up 8.55% YoY • Tyler Technologies anticipates 2026 capital spending between $18.0 million and $20.0 million, including $6.0 million for software development, funded by existing cash and operating cash flows. The company expects software license revenues to decline as it shifts to SaaS.
Bullish
Tyler Technologies saw total revenues grow 9%, driven by a 15% increase in subscriptions and 23% SaaS fee growth, leading to a 10% ARR increase and expanded gross margins.
Bearish
Tyler Technologies experienced a 41% decline in Platform Technologies operating income due to higher expenses, alongside a 3% decrease in maintenance revenue and a higher effective tax rate of 23.7%.