Tyler Technologies Reports 10.2% Revenue Growth

By Ahmed Jameison • Thursday, July 31 06:10 • Permanent Link

Tyler Technologies, Inc. (NYSE: TYL) has reported its financial results for the second quarter ended June 30, 2025, showcasing impressive growth in various key metrics compared to the same period in 2024.

Total revenues for the second quarter of 2025 were $596.1 million, representing a 10.2% increase from the second quarter of 2024. Recurring revenues also saw substantial growth, reaching $517.2 million, a 15.2% increase, and accounting for 86.8% of total revenues, up from 83.0%.

Within the recurring revenues, subscription revenues were a standout, reaching $405.1 million, marking a substantial 21.4% increase from the second quarter of 2024. Specifically, SaaS revenues grew by 21.5% to $189.6 million, and transaction-based revenues grew by 21.3% to $215.5 million.

The company's annualized recurring revenue (ARR) reached $2.07 billion, up 15.2% from the same period the previous year.

In terms of earnings, GAAP net income was reported at $84.6 million, or $1.93 per diluted share, reflecting a 24.9% increase from the second quarter of 2024. On a non-GAAP basis, net income was $127.9 million, or $2.91 per diluted share, representing a 23.1% increase.

Adjusted EBITDA for the quarter was $169.1 million, up 18.3% from the same quarter in 2024. The company also demonstrated strong cash flow performance, with cash flows from operations reaching $98.3 million, a remarkable 52.9% increase, and free cash flow reaching $88.0 million, up 80.9% from the second quarter of 2024.

Lynn Moore, Tyler's President and Chief Executive Officer, expressed satisfaction with the company's performance, highlighting the 21.5% growth in SaaS revenues and the positive sequential improvement in SaaS bookings for the quarter.

Looking forward, Tyler Technologies provided guidance for the full year 2025, expecting total revenues in the range of $2.33 billion to $2.36 billion. The company also projected GAAP diluted earnings per share in the range of $7.40 to $7.70, and non-GAAP diluted earnings per share in the range of $11.20 to $11.50.

Tyler's strong financial performance and optimistic outlook for the full year 2025 reflect the company's continued growth and market leadership in providing integrated software and technology services for the public sector. The market has reacted to these announcements by moving the company's shares -0.08% to a price of $552.05. For the full picture, make sure to review TYLER TECHNOLOGIES INC's 8-K report.

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