{"schema_version":"secwatch.filing_event.v1","accession":"0000860731-24-000003","form_type":"8-K","ticker":"TYL","cik":"0000860731","company_name":"TYLER TECHNOLOGIES INC","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.073118+00:00","generated_at":"2026-06-06T02:53:03.590103+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Tyler Tech Q4 SaaS revs +21.7% to $141M; guides FY24 rev $2.095-2.135B","bullets":["Q4 total rev $480.9M (+6.3%), recurring rev $403.6M (83.9% of total).","SaaS rev $141.0M (+21.7%); transaction-based rev $145.1M (+3.0%).","Q4 GAAP EPS $0.91, non-GAAP EPS $1.89; Adj EBITDA $117.9M (+7.4%).","FY24 guidance: rev $2.095-2.135B, non-GAAP EPS $8.90-9.10, free cash flow margin 17-19%.","Acquired ResourceX & ARInspect for ~$37M; AWS deal; debt reduced by $345M in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000860731-24-000003","json":"https://secwatch.observer/filing/0000860731-24-000003.json","markdown":"https://secwatch.observer/filing/0000860731-24-000003.md","text":"https://secwatch.observer/filing/0000860731-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/tyl-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:53:03.590103+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1573fa4f73e8e868476d9d846bc265d87b4369c0","claim":"TYLER TECHNOLOGIES INC reported Q4 2023 results: revenue 480.9 million, net income 38.9 million, EPS 0.91.","evidence_excerpt":"Total revenues were $480.9 million, up 6.3%. On an organic basis, revenues grew 6.1%. Recurring Revenues Recurring revenues were $403.6 million, up 7.9%, and comprised 83.9% of fourth quarter 2023 revenues, up from 82.7%. On an organic basis, recurring revenues were $400.4 million, up 7.1%. • Subscription revenues were $286.1 million, up 11.4%. On an organic basis, subscription revenues grew 10.8%. Within subscriptions: ◦ SaaS revenues grew 21.7% to $141.0 million. On an organic basis, SaaS revenues grew 21.2%. ◦ Transaction-based revenues grew 3.0% to $145.1 million. On an organic basis, transaction-based revenues grew 2.1%. ◦ SaaS arrangements comprised approximately 89% of the total new software contract value, compared to approximately 86%. • Annualized recurring revenue (ARR) was $1.61 billion, up 7.9%. Earnings/EBITDA • GAAP operating income was $47.7 million, up 17.3%. Non-GAAP operating income was $107.4 million, up 9.7%. • GAAP net income was $38.9 million, or $0.91 per dilute","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"480.9 million"},{"label":"Net income","value":"38.9 million"},{"label":"EPS","value":"0.91"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4a3ef4ac9eb581f5897385d883918df9e8692b4e","claim":"TYLER TECHNOLOGIES INC reported FY2024 results: revenue 2.095 billion to 2.135 billion, EPS 5.17 to 5.37. Guidance initiated.","evidence_excerpt":"Total revenues are expected to be in the range of $2.095 billion to $2.135 billion. • GAAP diluted earnings per share are expected to be in the range of $5.17 to $5.37. • Non-GAAP diluted earnings per share are expected to be in the range of $8.90 to $9.10. • Free cash flow margin is expected to be in the range of 17% to 19%. • Research and development expense is expected to be in the range of $125 million to $130 million. • Capital expenditures are expected to be in the range of $46 million to $48 million, including approximately $27 million of software development costs.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY2024"},{"label":"Revenue","value":"2.095 billion to 2.135 billion"},{"label":"EPS","value":"5.17 to 5.37"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"bb351144bdd6a7e8f56db05f9afeb13d7e1ca713","claim":"TYLER TECHNOLOGIES INC reported FY2023 results: revenue 1.952 billion, net income 165.9 million, EPS 3.88.","evidence_excerpt":"Total revenues were $1.952 billion, up 5.5%. On an organic basis (excluding COVID-related revenues in 2022), revenues grew 7.4%. Recurring Revenues Recurring revenues were $1.63 billion, up 9.8%, and comprised 83.3% of 2023 revenues, up from 80.0%. On an organic basis, recurring revenues were $1.61 billion, up 9.5%. • Subscription revenues were $1.16 billion, up 14.5%. On an organic basis, subscription revenues grew 14.4%. Within subscriptions: ◦ SaaS revenues grew 23.2% to $528.0 million. On an organic basis, SaaS revenues grew 23.1%. ◦ Transaction-based revenues grew 8.2% to $631.5 million. On an organic basis, transaction-based revenues grew 7.9%. ◦ SaaS arrangements comprised approximately 85% of the total new software contract value, compared to approximately 83%. Earnings/EBITDA • GAAP operating income was $218.5 million, up 2.0%. Non-GAAP operating income was $448.1 million, up 2.5%. • GAAP net income was $165.9 million, or $3.88 per diluted share, up 1.0%. Non-GAAP net income w","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY2023"},{"label":"Revenue","value":"1.952 billion"},{"label":"Net income","value":"165.9 million"},{"label":"EPS","value":"3.88"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}