Earnings summaries and quarterly performance for TYLER TECHNOLOGIES.
Executive leadership at TYLER TECHNOLOGIES.
Board of directors at TYLER TECHNOLOGIES.
Research analysts who have asked questions during TYLER TECHNOLOGIES earnings calls.
Alexei Gogolev
JPMorgan Chase & Co.
4 questions for TYL
Charles Strauzer
CJS Securities
4 questions for TYL
Gabriela Borges
Goldman Sachs
4 questions for TYL
Jonathan Ho
William Blair & Company
4 questions for TYL
Joshua Reilly
Needham & Company
4 questions for TYL
Michael Turrin
Wells Fargo
4 questions for TYL
Robert Oliver
Robert W. Baird & Co.
4 questions for TYL
Saket Kalia
Barclays Capital
4 questions for TYL
Terrell Tillman
Truist Securities
4 questions for TYL
Aleksandr Zukin
Wolfe Research
3 questions for TYL
Hoi-Fung Wong
Oppenheimer & Co. Inc.
3 questions for TYL
Keith Housum
Northcoast Research
3 questions for TYL
Mark Schappel
Loop Capital Markets
3 questions for TYL
Clarke Jeffries
Piper Sandler & Co.
2 questions for TYL
Alex Zukin
Wolfe Research LLC
1 question for TYL
Bill Self
Evercore ISI
1 question for TYL
Ken Wong
Oppenheimer & Co. Inc.
1 question for TYL
Matthew VanVliet
BTIG, LLC
1 question for TYL
Matt Vanvliet
Cantor Fitzgerald
1 question for TYL
S. Kirk Materne
Evercore ISI
1 question for TYL
Trevor Walsh
Citizens JMP
1 question for TYL
Recent press releases and 8-K filings for TYL.
- On February 4, 2026, Tyler Technologies’ board approved a share repurchase plan authorizing up to $1 billion of its Class A common stock, superseding prior authorizations.
- Repurchases may occur in the open market or through Rule 10b5-1 plans at management’s discretion on timing, price, and quantity.
- The plan has no fixed expiration date, imposes no obligation to buy any minimum amount, and may be modified, suspended, or terminated at any time under applicable laws.
- Board authorizes $1 billion share repurchase of Class A common stock, effective immediately.
- Plan replaces all prior authorizations, has no fixed expiration, and allows open-market or Rule 10b5-1 purchases at management’s discretion.
- Repurchase underscores Tyler’s confidence in its business and view that its shares are undervalued, supported by durable free cash flow generation.
- Tyler Technologies signed a definitive agreement to acquire For The Record for $212.5 million in cash; closing is expected in Q1 2026.
- For The Record provides SaaS digital court-recording solutions with AI-powered “legal grade” speech-to-text and real-time multilingual transcription.
- The deal will integrate For The Record’s offerings into Tyler’s Justice portfolio to unify digital records with case files and deliver “judicial intelligence” through AI-enhanced courtroom workflows.
- Founded in 1993 and headquartered in Phoenix, For The Record operates in all 50 U.S. states and manages hundreds of thousands of hours of court proceedings, with offices in Boston and Brisbane.
- Tyler Technologies will acquire For The Record for an enterprise value of $258 million, bolstering its Courts & Justice portfolio.
- The deal is designed to accelerate the justice process and enhance courtroom efficiencies by integrating For The Record’s recording solutions with Tyler’s AI-driven case management.
- For The Record brings over 30 years of experience and installations in more than 80 countries, specializing in courtroom recording and speech-to-text technologies.
- The acquisition underscores Tyler’s strategy to empower public sector entities with end-to-end, AI-enabled legal data solutions.
- Tyler Technologies will purchase For The Record, a digital court‐recording provider, for $212.5 million in cash (enterprise value reported at ~$258 million).
- The transaction is expected to close in Q1 2026, subject to customary conditions and regulatory approvals.
- For The Record provides cloud‐enabled SaaS courtroom recording with legal‐grade, AI‐powered, real‐time multilingual transcription.
- The acquisition enhances Tyler’s digital court‐recording capabilities and integrates with its core products, including Munis and Odyssey.
- Tyler’s strong financial profile (market capitalization ~$15.78 billion, 9.2% revenue growth over three years, ~46.06% gross margin, ~13.72% net margin) underpins its acquisition strategy.
- Tyler Technologies (NYSE: TYL) signed a definitive agreement to acquire For The Record, a digital court-recording pioneer, for a cash purchase price of $212.5 million, expected to close in Q1 2026 pending customary approvals.
- For The Record’s SaaS solutions deliver secure, AI-powered speech-to-text and real-time multilingual transcription for courts in all 50 U.S. states and globally, addressing declining court reporter numbers.
- The acquisition will integrate For The Record into Tyler’s Courts & Justice portfolio to create a unified “digital record” and accelerate judicial workflows with “judicial intelligence” powered by AI.
- Founded in 1993 and headquartered in Phoenix, Arizona, For The Record’s staff will join Tyler’s Courts & Justice Division; Tyler has over 45,000 installations across 15,000 locations worldwide.
- Cloud migration on track, targeting >80% of on-prem clients moved by 2030 with peak migrations in 2027–28 and incentives like version consolidation and enhanced maintenance pricing.
- New SaaS bookings in 2025 moderated versus 2024’s record year due to lumpiness of large deals, ARPA fund pull-forwards and early-year pauses from DOGE tariff uncertainties.
- AI investments ramping in 2026 to embed functionality into core products, with AI tools (e.g., document automation) delivering 2–3× labor savings and driving incremental ARR, supported by partnerships and selective AI-focused M&A.
- Cross-sell and new logos remain growth pillars, serving 15,000 jurisdictions vs. a 50,000-jurisdiction market, backed by a new state-focused sales team and four tuck-in acquisitions in 2025.
- Free cash flow margin guidance maintained at ~25–27% for 2026, reflecting strong cash conversion and ahead-of-plan progress toward 2030 targets.
- 2025 operational progress: advanced multi-year cloud transition—migrating on-prem clients to SaaS with a goal of >80% cloud adoption by 2030—and closed four tuck-in acquisitions to bolster school ERP, courts, public safety, and community development offerings.
- New SaaS ARR dynamics: 2024 bookings were record-high driven by lumpiness and ARPA pull-forwards; 2025 growth moderated on a tougher comp, stimulus-fund timing shifts, and early-year market pauses from DOGE tariff uncertainty.
- AI and R&D investment: planning elevated 2026 R&D spend focused on AI-enabled products (e.g., document automation, priority-based budgeting, resident engagement portals), combining internal development with selective M&A to embed AI across core solutions.
- Financial outlook: reaffirmed 25%–27% free cash flow margin range for 2026, reflecting strong operational leverage, sustained cash generation, and partial headwinds as Section 174 tax credit benefits normalize.
- Tyler completed four tuck-in acquisitions in 2025 (school ERP, electronic warrants, Emergency Networking, MyGov) to expand its public sector software suite and remains on track for its 2030 revenue and margin goals.
- New SaaS bookings in 2025 were below 2024’s exceptional levels due to a tough comp of large deals, ARPA-funding pull-forwards, and market pauses around DOGE tariffs, but the pipeline is normalized for a recovery in 2026.
- Management is focused on growing SaaS ARR through new logo wins, on-prem to cloud migrations (targeting >80% of on-prem clients by 2030), and cross-sell initiatives to increase products per customer.
- Tyler is investing heavily in AI integration—such as document automation and priority-based budgeting—and elevated AI-driven R&D spend, viewing AI as a catalyst for revenue growth rather than a threat to its systems of record.
- 2026 SaaS revenue growth is guided at ~20%, comprising 12% backlog (signed by YE 2025), 5% new bookings and 3% flips from on-prem migrations.
- Management will focus on new ARR additions as the key forward-looking metric, noting that total bookings can be distorted by contract term variations, revenue recognition lags and transaction-based deals.
- On-prem maintenance revenues (~$450 M) are expected to convert at 1.7–1.8× into SaaS over the next several years, with the flips curve peaking in 2–3 years and 80–85% migration to cloud by 2030.
- Targets include 30%+ operating margin and high-20s to 30% free cash flow margin by 2030; 2026 margin gains will moderate due to strategic investments, while free cash flow is bolstered by cloud transition efficiencies and R&D tax expensing.
- Having repaid term debt, Tyler plans to redeem its $600 M convert in March and shift capital allocation toward M&A and opportunistic share repurchases.
Quarterly earnings call transcripts for TYLER TECHNOLOGIES.
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