Tyler Technologies, Inc. TYL
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Full analysis: 30 Jul 2026
Latest news check: 6 Jun 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Existing position can be maintained at current valuation.
Stable SaaS growth and strong cash flow are balanced by lowered guidance and customer budget uncertainty.
Market sentiment
7/10
↑
Trend: Improving
The market reacts positively to order intake and capital return after the report.
Price context
The stock sits roughly 45 % below its 52-week high despite stable fundamentals, reflecting multiple compression rather than deteriorating operations.
Risk assessment
5/10
Dilution:
Low
Strong cash and buybacks offset dilution
Jurisdiction:
Low
Operations concentrated in the US
Execution:
Medium
Proven track record but complex cloud transformation
About the company
Tyler Technologies develops and delivers integrated software solutions and IT services to local, state and federal agencies in the US. The company focuses on ERP, courts and justice, tax appraisal and public safety with a strong shift to cloud-based SaaS.
Sector:
Public sector software
Type:
Tech
Next report
15 Oct 2026
Q3
Catalysts
Aug 2026
Q3 report
Medium
Q4 2026
Investor conferences
High
Horizon:
Bull case
Strong SaaS growth and record bookings after the Q2 report support recurring revenue.
Bear case
Lowered full-year guidance and uncertainty around public budgets may limit growth.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| SaaS growth | SaaS growth below 15 % → lower recurring revenue and margin expansion. | SaaS growth above 22 % → higher ARR and improved cash flow generation. |
| Public budgets | Reduced budgets → fewer new contracts and delayed implementations. | Increased budgets → more large deals and accelerated cloud migration. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Stable SaaS growth and strong cash flow are balanced by lowered guidance and customer budget uncertainty.
Recent news
- The Q2 report beat earnings expectations and the company launched a new 1.5 billion USD repurchase program. Management simultaneously signaled lower full-year growth due to weaker software spending from customers.
Key figures
Revenue
Q2 2026
USD 645M
Revenue TTM
TTM
USD 2.4B
EBITDA
Q2 2026
USD 176M
Net income
Q2 2026
USD 93.5M
Cash
Q2 2026
USD 1.0B
Total debt
Q2 2026
USD 1.4B
Gross margin
Q2 2026
47.6%
Shares outstanding
2026-04-27
42.2M
EPS
Q2 2026
USD 2.22
Price & valuation
Last close
USD 323
Market Cap
USD 13.6B
1 week
+5.3 %
3 months
+8.2 %
12 months
-42.7 %
From 52w high
-44.7 %
From 52w low
+17.3 %
Exchange
NYSE
Type
Technology
Sector
Public sector software
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.