Quarterly ResultApr 29, 2026, 04:50 PM
TYL Q1 Total Revenue +8.6% to $613.5M; SaaS +23.5%; For The Record Acquired
AI Summary
Tyler Technologies reported strong first-quarter 2026 results, with total revenues increasing 8.6% to $613.5 million and recurring revenues up 10.4%. SaaS revenues notably grew 23.5% to $222.4 million, marking 21 consecutive quarters of 20%+ SaaS growth. The company also completed the acquisition of For The Record for $223 million in April, enhancing its justice portfolio with AI-powered transcription technology, and repurchased $250 million in shares during the quarter.
Key Highlights
- Acquisition of For The Record completed for $223M in cash (April 14).
- Total revenues increased 8.6% to $613.5M.
- Recurring revenues grew 10.4% to $538.6M.
- SaaS revenues surged 23.5% to $222.4M.
- Non-GAAP diluted EPS rose 9.3% to $3.09.
- Cash flows from operations increased 91.0% to $107.3M.
- Free cash flow more than doubled, up 112.9% to $102.8M.
- Repurchased $250M in shares during Q1 2026.