--- 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" generated_at: "2026-06-06T02:53:03.590103+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Tyler Tech Q4 SaaS revs +21.7% to $141M; guides FY24 rev $2.095-2.135B ## Summary - 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. ## SEC filing metadata - 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 - event_type: earnings - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000860731-24-000003 - JSON: https://secwatch.observer/filing/0000860731-24-000003.json - Plain text: https://secwatch.observer/filing/0000860731-24-000003.txt ## Key facts - Earnings Releases TYLER TECHNOLOGIES INC reported Q4 2023 results: revenue 480.9 million, net income 38.9 million, EPS 0.91. - Period: Q4 2023 - Revenue: 480.9 million - Net income: 38.9 million - EPS: 0.91 - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm - Earnings Releases TYLER TECHNOLOGIES INC reported FY2024 results: revenue 2.095 billion to 2.135 billion, EPS 5.17 to 5.37. Guidance initiated. - Period: FY2024 - Revenue: 2.095 billion to 2.135 billion - EPS: 5.17 to 5.37 - Guidance: initiated - Result: guidance update source text: 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_url: https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm - Earnings Releases TYLER TECHNOLOGIES INC reported FY2023 results: revenue 1.952 billion, net income 165.9 million, EPS 3.88. - Period: FY2023 - Revenue: 1.952 billion - Net income: 165.9 million - EPS: 3.88 - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/860731/000086073124000003/0000860731-24-000003-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.