Tyler Tech Q1 beats: SaaS rev +21%, GAAP EPS $1.84 (+49.6%), FY guidance raised

TYLER TECHNOLOGIES INC

2025-Q1 EPS reported $1.84 revenue$565,165,000

Total revenue $565.2M (+10.3%); SaaS revenue $180.1M (+21%), 17th straight quarter of 20%+ SaaS growth.
GAAP EPS $1.84 (+49.6%); non-GAAP EPS $2.78 (+28.9%); adjusted EBITDA $162.3M (+21.5%).
Recurring revenue 86.3% of total; ARR $1.95B, up 13.3%.
FY25 guidance raised: total rev $2.31B-$2.35B, GAAP EPS $7.50-$7.80, non-GAAP EPS $11.05-$11.35.
Cash from ops $56.2M (-21.8%); free cash flow $48.3M (-15.6%) due to investment timing.

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