tyl-20260331

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☒			QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended March 31, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 1-10485

TYLER TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)


Delaware						75-2303920
(State or other jurisdiction of incorporation or organization)						(I.R.S. employer identification no.)


5101 TENNYSON PARKWAY	PLANO	Texas	75024
(Address of principal executive offices)	(City)	(State)	(Zip code)

(972) 713-3700

(Registrant’s telephone number, including area code)


Title of each class	Trading symbol	Name of each exchange on which registered
COMMON STOCK, $0.01 PAR VALUE	TYL	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

The number of shares of common stock of registrant outstanding on April 27, 2026 was 42,167,455.

PART I. FINANCIAL INFORMATION

ITEM 1. Financial Statements

TYLER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share amounts)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Revenues:
Subscriptions	$	429,745	$	374,989
Maintenance	108,874		112,801
Professional services	60,807		64,050
Other	14,077		13,325
Total revenues	613,503		565,165

Cost of revenues:
Subscriptions, maintenance, and professional services	293,547		278,053
Amortization of software development	5,624		5,379
Amortization of acquired software	8,984		9,294
Other	8,914		5,358
Total cost of revenues	317,069		298,084

Gross profit	296,434		267,081

Sales and marketing expense	38,797		36,473
General and administrative expense	83,965		79,452
Research and development expense	59,727		47,844
Amortization of other intangibles	14,133		14,139

Operating income	99,812		89,173

Interest expense	(1,066)		(1,246)
Other income, net	7,676		7,363
Income before income taxes	106,422		95,290
Income tax provision	25,242		14,238
Net income	$	81,180	$	81,052

Earnings per common share:
Basic	$	1.90	$	1.88
Diluted	$	1.88	$	1.84

See accompanying notes.

TYLER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Net income	$	81,180	$	81,052
Other comprehensive (loss) income, net of tax:
Securities available-for-sale and transferred securities:
Change in net unrealized holding (losses) gains on available-for-sale securities during the period	(265)		73

Reclassification adjustment for (net income) loss on sale of available-for-sale securities, included in net income	(3)		1
Other comprehensive (loss) income, net of tax	(268)		74
Comprehensive income	$	80,912	$	81,126

See accompanying notes.

TYLER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value and share amounts)


	March 31, 2026 (unaudited)		December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	316,010	$	1,015,400
Accounts receivable (less allowance for losses and sales adjustments of $26,422 at 2026 and $31,972 at 2025)	572,998		638,798
Short-term investments	30,344		81,800
Prepaid expenses	97,562		74,734
Income tax receivable	14,613		23,748
Other current assets	9,567		9,408
Total current assets	1,041,094		1,843,888
Accounts receivable, long-term	8,271		5,968
Operating lease right-of-use assets	40,454		35,602
Property and equipment, net	158,815		160,355
Other assets:
Software development costs, net	58,836		68,371
Goodwill	2,591,709		2,590,013
Other intangibles, net	755,741		780,414
Non-current investments	51,455		60,698
Other non-current assets	92,244		93,599
	$	4,798,619	$	5,638,908
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	186,142	$	174,653
Accrued liabilities	133,257		190,693
Operating lease liabilities	10,594		9,598

Deferred revenue	709,780		780,838
Current portion of convertible senior notes due 2026, net	—		599,663
Total current liabilities	1,039,773		1,755,445



Deferred revenue, long-term	21,059		20,988
Deferred income taxes	109,210		95,063
Operating lease liabilities, long-term	37,366		33,347
Other long-term liabilities	32,978		31,276
Total liabilities	1,240,386		1,936,119
Commitments and contingencies	—		—
Shareholders' equity:
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued	—		—
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of March 31, 2026 and December 31, 2025	481		481
Additional paid-in capital	1,570,196		1,616,119
Accumulated other comprehensive loss, net of tax	(279)		(11)
Retained earnings	2,263,582		2,182,402
Treasury stock, at cost; 5,701,076 and 5,027,037 shares in 2026 and 2025, respectively	(275,747)		(96,202)
Total shareholders' equity	3,558,233		3,702,789
	$	4,798,619	$	5,638,908

See accompanying notes.

TYLER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)


	Three Months Ended March 31,
	2026	2025
Cash flows from operating activities:
Net income	$

SEC Form 10-Q filed by Tyler Technologies Inc.