TYLER TECHNOLOGIES INC

Tyler Technologies, Inc. announced it has entered into a Rule 10b5-1 trading plan to repurchase up to $150.0 million of its common stock. This plan is set to begin on June 16, 2026, and conclude on July 30, 2026. The company's Board of Directors had previously authorized a $1.0 billion share repurchase program in February 2026, with $332.7 million remaining under this authorization as of June 12, 2026. The repurchases will be funded through existing cash and credit facilities.

Tyler Technologies has entered into an Amended and Restated Credit Agreement, establishing a new $1 billion unsecured revolving credit facility. This new facility replaces the company's previous $700 million credit agreement and matures on May 28, 2031. The agreement includes an uncommitted accordion feature, allowing for potential increases in the credit facility for general corporate purposes, including acquisitions and capital expenditures. At the time of closing, Tyler Technologies had no outstanding borrowings under either the new or the terminated credit agreement.

Tyler Technologies, Inc. announced the closing of an upsized offering of $1.4375 billion in 0.50% Convertible Senior Notes due 2031, which included the full exercise of the initial purchasers' option. The company utilized approximately $320.7 million of the net proceeds to repurchase 1,026,900 shares of its common stock. Additionally, capped call transactions were executed to raise the effective conversion price to approximately $655.77 per share, aiming to mitigate potential stock dilution. This capital raise provides financial flexibility to support further share repurchases and long-term growth initiatives.

Tyler Technologies, Inc. announced the pricing of its upsized offering of $1.25 billion aggregate principal amount of 0.50% convertible senior notes due 2031. The offering size was increased from the previously announced $1 billion. The company estimates net proceeds of approximately $1.224 billion, which will be used to fund capped call transactions, repurchase 1,026,900 shares of common stock for $320.7 million, and for general corporate purposes, enhancing financial flexibility and offsetting potential dilution.

Tyler Technologies, Inc. announced a proposed private offering of $1,000,000,000 in convertible senior notes due 2031, with an option for initial purchasers to acquire an additional $150,000,000. The company plans to use a portion of the net proceeds to fund capped call transactions, which are intended to reduce potential dilution to its common stock. Additionally, up to $350,000,000 of the proceeds will be used to repurchase shares of its common stock concurrently with the offering, with the remainder allocated for general corporate purposes.

Tyler Technologies, Inc. held its annual meeting of stockholders on May 5, 2026. All eight nominated directors were elected to the board. Stockholders also approved the advisory resolution on executive compensation and ratified Ernst & Young LLP as the independent auditors for fiscal year 2026. Additionally, a shareholder proposal concerning political spending was not approved by the stockholders.

Tyler Technologies Inc. reported mixed first-quarter results for 2026, with total revenues increasing 8.6% to $613.5 million and diluted EPS rising 2.2% to $1.88. Net income saw a marginal increase of 0.2% to $81.2 million. The company also successfully repaid its $600.0 million Convertible Senior Notes due March 2026 and experienced a significant 91.0% surge in net cash from operating activities.

Tyler Technologies reported an 8.6% increase in total revenues to $613.5 million for Q1 2026, with net income slightly up by 0.2% to $81.2 million and diluted EPS rising 2.2% to $1.88. The company significantly boosted net cash provided by operating activities by 91.0% to $107.3 million. During the quarter, Tyler Technologies repaid $600.0 million in convertible senior notes and purchased $250.1 million in treasury shares, leading to a substantial decrease in cash and cash equivalents.

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.