“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 ↗
Tyler Technologies, Inc.
TYL
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.
- Revenue increased 8.6% versus the comparable filing period.
- Net margin fell 1.1 percentage points.
- 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.
Research brief
The story so far
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.
- Revenue increased 8.6% versus the comparable filing period.
- Operating cash flow covered net income at 1.32x, improving versus the comparable period.
- Net margin fell 1.1 percentage points.
- TYL's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- Pricing and mix has repeated adverse evidence across 4 filings.
- P/E is 71% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
336.72Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.