earnings
confidence high
sentiment positive
materiality 0.80
Tyler Tech Q1 beats: SaaS revs +23.5%, adj EPS $3.09 (+9% YoY); acquires For The Record for $223M
TYLER TECHNOLOGIES INC
2026-Q1 EPS
reported $1.88
vs consensus $3.04
▼ miss
(-38.1%)
- Total revenue $613.5M (+8.6%), recurring $538.6M (+10.4%), SaaS $222.4M (+23.5%).
- GAAP EPS $1.88 (flat); non-GAAP EPS $3.09 (+9.3%); adjusted EBITDA $177.3M (+9.3%).
- Free cash flow $102.8M (+112.9%); repaid $600M convertible debt in March.
- Repurchased ~1.1M shares YTD (2.5% of outstanding); $653M remaining under $1B authorization.
- Acquired For The Record on Apr 14 for ~$223M cash, adding AI-powered legal transcription.