NYSE$TYL

Tyler Technologies Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Tyler Technologies reported strong Q4 2024 results with total revenue increasing 12.5% to $541.1 million, driven by 21.9% growth in subscription revenue. Non-GAAP net income rose 31.2% to $106.7 million, with free cash flow increasing by 60.7%.

Headline financials

Total Revenue

$541M

Previous: $481M+12.5%
EPS (adj)

$2.43

Previous: $1.89+28.6%
Recurring Revenue Ratio

85.7%

No prior period
Annualized Recurring Revenue

$1.89B

No prior period
Free Cash Flow Margin

39.9%

No prior period
Adjusted EBITDA

$143M

No prior period
Net Income

$65.2M

Previous: $38.9M+67.7%
Operating Income

$71.7M

Previous: $47.7M+50.1%
Gross Profit

$237M

Previous: $194M+22.3%

Revenue & EPS history

Tyler · Revenue · Quarterly

$541M

Q4 2024+12.5%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Tyler · $434M total across 4 segments · Q3 2023

  • Subscriptions
    $295M+16.1%
  • Maintenance
    $117M+0.1%
  • Software licenses and royalties
    $10.6M-47.9%
  • Hardware and other
    $10.3M+9.7%

Forward guidance

Tyler Technologies expects total revenue to range between $2.30 billion and $2.34 billion for FY 2025, with strong subscription growth and continued expansion in SaaS revenue.

Tailwinds

  • Subscription revenues expected to grow between 15% and 18%.
  • SaaS revenues projected to increase between 21% and 24%.
  • Non-GAAP EPS forecasted to be in the range of $10.90 to $11.15.
  • Free cash flow margin anticipated between 24% and 26%.
  • Continued strong demand from the public sector.

Headwinds

  • Maintenance revenues expected to decline between 4% and 6%.
  • Professional services revenues forecasted to be flat or decline up to 3%.
  • Software licenses and royalties projected to decline between 18% and 20%.
  • Hardware and other revenues expected to drop between 18% and 20%.
  • Potential impact from tax regulation changes on financials.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.4%

Avg return

Earnings day

+0.6%

Avg return

5 days after

-0.1%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+13.1%

Q3 2010

Best reaction

-15.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-7.9%-12.3%
Q4 2025-15.4%-7.9%+3.1%
Q3 2025+0.0%-1.7%-1.8%
Q1 2025-6.8%-6.2%-0.6%
Q4 2024+6.0%+4.9%-7.7%
Q3 2024+4.4%+3.3%+4.0%
Q2 2024+7.2%+9.6%+8.6%
Q1 2024+9.5%+11.2%+17.6%
Q4 2023+2.2%+2.1%-3.6%
Q3 2023+8.8%+10.7%+10.9%
Q2 2023-6.1%-2.8%-7.2%
Q1 2023+6.1%+4.9%+8.1%
Q4 2022+4.0%+5.3%+0.1%
Q3 2022-3.6%-6.6%-4.4%
Q2 2022+11.0%+11.8%+5.4%
Q1 2022+7.6%+5.2%-3.3%
Q4 2021-10.2%-13.8%-8.6%
Q3 2021+1.3%+2.1%-5.4%
Q2 2021-0.3%-0.2%-3.4%
Q1 2021-4.6%-4.1%-9.8%
Q4 2020+10.1%+12.2%-2.7%
Q3 2020+3.7%+6.4%+6.4%
Q2 2020+0.8%+4.8%-2.8%
Q1 2020+2.8%+0.9%+20.3%
Q4 2019-0.3%+0.9%-14.4%
Q3 2019+1.6%+2.1%+9.8%
Q2 2019+5.8%+3.4%+10.0%
Q1 2019-6.8%-4.2%-8.0%
Q4 2018-3.3%-4.8%-7.8%
Q3 2018-6.3%-9.7%-7.4%
Q2 2018-2.9%-5.6%+1.6%
Q1 2018-0.2%+1.0%+5.3%
Q4 2017-2.8%-0.9%-0.1%
Q3 2017+2.6%-0.4%-0.2%
Q2 2017-6.1%-5.1%-5.9%
Q1 2017+3.1%+1.2%+5.4%
Q4 2016+9.2%+5.9%+5.7%
Q3 2016-2.7%-3.1%-7.2%
Q2 2016-0.5%-1.8%-0.6%
Q1 2016+1.7%
Q4 2015-12.4%
Q3 2015+2.7%
Q2 2015-2.8%
Q1 2015+2.4%
Q4 2014+3.7%
Q3 2014+11.2%
Q2 2014+11.8%
Q1 2014-3.6%
Q4 2013-8.6%
Q3 2013+8.7%
Q2 2013+2.5%
Q1 2013+6.0%
Q4 2012+2.1%
Q3 2012+11.4%
Q2 2012-3.6%
Q1 2011+0.6%
Q1 2012+1.9%
Q4 2009+5.8%
Q4 2011+5.8%
Q3 2011+13.1%
Q3 2010+13.1%
Q2 2011+0.4%
Q2 2010+0.4%
Q4 2010+0.4%
Q1 2010-10.3%

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