Feed / TYL

Tyler Technologies, Inc.

TYL

Technology · 336.72 +0.3% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Tyler Technologies, Inc.'s current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.

What changed
  • Revenue increased 8.6% versus the comparable filing period.
  • Net margin fell 1.1 percentage points.
Company+0.3% todayVolume comparison unavailable
Market group0 of 23 activeB2B Software & Data · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • TYL's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if TYL's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Application

The latest filing is mixed. 0 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 8.6% versus the comparable filing period.
  • Operating cash flow covered net income at 1.32x, improving versus the comparable period.
Evidence that challenges
  • Net margin fell 1.1 percentage points.
What would clarify the read
  • TYL's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements91
Verified relationships9
Evidence supporting the case
  • Latest annual revenue changed +9.1% year over year.
  • Operating margin changed +1.3 percentage points in the latest annual period.
  • Net margin changed +1.2 percentage points in the latest annual period.
  • Product pipeline and R&D has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Pricing and mix has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 71% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

336.72
6m-2.5%12m-38.3%24m-42.5%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.6B+42.6%$3.82+1.7%
2022-12-31$1.9B+16.2%$3.87+0.4%
2023-12-31$2.0B+5.5%$3.88+0.9%
2024-12-31$2.1B+9.5%$6.05+1.7%
2025-12-31$2.3B+9.1%$7.20+0.7%

What management says matters

Persistent and emerging business drivers

Pricing and mixnegative · 4 filings
Maintenance revenue decreased 3% for the three months ended March 31, 2026, compared to the prior period primarily due to the impact of 478 clients converting from on-premises license arrangements to SaaS since March 31, 2025, partially offset by maintenance…
10-Q · Apr 29, 2026
Product pipeline and R&Dpositive · 4 filings
Also increases were partially offset by the redeployment of resources to research and development due to continued migration of clients to our SaaS products and the consolidation of versions of on-premises software products with support obligations.
10-Q · Apr 29, 2026
Credit and interest ratesnegative · 2 filings
Interest expense in the three months ended March 31, 2026, decreased 14% compared to the prior period as a result of repayment of the Convertible Senior Notes during the current period.
10-Q · Apr 29, 2026
Legal and regulatory exposuremixed · 2 filings
The agreement, which was subject to the satisfaction of customary closing conditions and regulatory approvals, closed on April 14, 2026.
10-Q · Apr 29, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.3× · EV/sales 6.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

336.72+0.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TYL. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-04-29 against the comparable filing from 2025-04-25.

mixed
OperationsmixedEvidence score +1
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 8.6% versus the comparable filing period.
  • Operating cash flow covered net income at 1.32x, improving versus the comparable period.

What weakened

  • Net margin fell 1.1 percentage points.

Filing receipts

Maintenance revenue decreased 3% for the three months ended March 31, 2026, compared to the prior period primarily due to the impact of 478 clients converting from on-premises license arrangements to SaaS since March 31, 2025, partially offset by maintenance price increases.

ARR increased approximately 10% compared to the prior period primarily due to 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.

Subscriptions revenue grew 14.6%, for the three months ended March 31, 2026, compared to the prior period, primarily due to an ongoing shift toward SaaS arrangements for both new and existing clients, along with growth in certain transaction-based revenues.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind TYL

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AXONAxon Enterprise, Inc.competitorFeb 18, 2026

We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon E…

MSIMotorola Solutions, Inc.competitorFeb 18, 2026

We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon E…

Depended on by

SEMFiling-linked namepartnerFeb 19, 2026

Rusignuolo 50 Executive Vice President and Chief Information Officer John Tyler Hollenbach 43 Executive Vice President, Strategy and Growth Christopher S.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TYL is currently a Follower in the organic co-movement group B2B Software & Data. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.