Tyler Technologies, Inc. TYL

NYSE | Technology | Public sector software
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Updated: 16 Sep 2026 Base analysis: 30 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

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 Positive ↑
Trend: Improving

The market reacts positively to order intake and capital return after the report.

Risk assessment Medium
Dilution: Low Strong cash and buybacks offset dilution
Jurisdiction: Low Operations concentrated in the US
Execution: Medium Proven track record but complex cloud transformation

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

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 (Q3)
28 Oct 2026
Catalysts
●
28 Oct 2026
Q3 report High
●
29 Oct 2026
Completion of share repurchase program Medium
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.
Why this signal

Stable SaaS growth and strong cash flow are balanced by lowered guidance and customer budget uncertainty.

Recent news
  • Tyler rolled out its Resident AI Assistant statewide in Nebraska following a successful pilot and launched a new licensing platform in Alabama handling over 1.2 million annual hunting and fishing licenses. The company also announced a $260 million accelerated share repurchase program running through the end of October.

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
Exchange
NYSE
Type
Technology
Sector
Public sector software
Tyler Technologies, Inc. TYL
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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.