Company Quick10K Filing
Tyler Technologies
10-Q 2020-03-31 Filed 2020-04-29
10-K 2019-12-31 Filed 2020-02-19
10-Q 2019-09-30 Filed 2019-10-30
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-02-20
10-Q 2018-09-30 Filed 2018-10-31
10-Q 2018-06-30 Filed 2018-08-01
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-02-21
10-Q 2017-09-30 Filed 2017-10-25
10-Q 2017-06-30 Filed 2017-07-26
10-Q 2017-03-31 Filed 2017-04-26
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-10-26
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-27
10-K 2015-12-31 Filed 2016-02-24
10-Q 2015-09-30 Filed 2015-10-21
10-Q 2015-06-30 Filed 2015-07-22
10-Q 2015-03-31 Filed 2015-04-22
10-K 2014-12-31 Filed 2015-02-18
10-Q 2014-09-30 Filed 2014-10-22
10-Q 2014-06-30 Filed 2014-07-23
10-Q 2014-03-31 Filed 2014-04-23
10-K 2013-12-31 Filed 2014-02-19
10-Q 2013-09-30 Filed 2013-10-24
10-Q 2013-06-30 Filed 2013-07-25
10-Q 2013-03-31 Filed 2013-04-25
10-K 2012-12-31 Filed 2013-02-20
10-Q 2012-09-30 Filed 2012-10-25
10-Q 2012-06-30 Filed 2012-07-26
10-Q 2012-03-31 Filed 2012-04-26
10-K 2011-12-31 Filed 2012-02-23
10-Q 2011-09-30 Filed 2011-10-27
10-Q 2011-06-30 Filed 2011-07-28
10-Q 2011-03-31 Filed 2011-04-29
10-K 2010-12-31 Filed 2011-02-24
10-Q 2010-09-30 Filed 2010-10-28
10-Q 2010-06-30 Filed 2010-07-29
10-Q 2010-03-31 Filed 2010-04-29
10-K 2009-12-31 Filed 2010-02-25
8-K 2020-05-12 Shareholder Vote
8-K 2020-04-29 Earnings
8-K 2020-02-12 Earnings
8-K 2019-10-30 Earnings
8-K 2019-10-02 Enter Agreement
8-K 2019-07-31 Earnings
8-K 2019-05-07 Shareholder Vote
8-K 2019-05-01 Earnings
8-K 2019-02-20 Earnings
8-K 2018-10-31 Earnings
8-K 2018-07-26 Earnings
8-K 2018-05-10 Regulation FD, Exhibits
8-K 2018-05-09 Officers, Shareholder Vote
8-K 2018-05-02 Earnings
8-K 2018-03-09 Officers, Exhibits
8-K 2018-02-21 Earnings
8-K 2018-01-24 Officers

Tyler Technologies Financials

TYL Metrics, Comps, Filings

Quarterly | Annual

Business

Tyler Technologies, Inc. ("Tyler") is a major provider of integrated information management solutions and services for the public sector, with a focus on local governments. We partner with clients to make government more accessible to the public, more responsive to the needs of citizens and more efficient in its operations. We have a broad line of software solutions and services to address the information technology ("IT") needs of major areas of operations for cities, counties, schools and other government entities. Most of our clients have our software installed in-house. For clients who prefer not to physically acquire the software and hardware, most of our software applications can be delivered as software as a service ("SaaS"), which primarily utilize the Tyler private cloud. We provide professional IT services to our clients, including software and hardware installation, data conversion, training and, at times, product modifications. In addition, we are the nation's largest provider of outsourced property appraisal services for taxing jurisdictions. We also provide continuing client support services to ensure product performance and reliability, which provides us with long-term client relationships and a significant base of recurring maintenance revenue. In addition, we provide electronic document filing ("e-filing") solutions, which simplify the filing and management of court documents.

Tyler was founded in 1966. Prior to 1998, we operated as a diversified industrial conglomerate, with operations in various industrial, retail and distribution businesses, all of which have been divested. In 1997, we embarked on a multi-phase growth plan focused on serving the specialized information management needs of local governments nationwide. We entered the local government IT market through a series of strategic acquisitions in 1998 and 1999.

The state and local government market is one of the largest and most decentralized IT markets in the country, consisting of all 50 states, approximately 3,000 counties, 36,000 cities and towns and 13,900 school districts. This market is also comprised of approximately 37,000 special districts and other agencies, each with specialized delegated responsibilities and unique information management requirements.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Veeva Systems (VEEV) 16,765 72% 63.5 14% 1,654 416 862 617 230 255 16,213
Check Point Software (CHKP) 16,237 89% 1.7 55% 5,765 2,196 7,507 6,675 3,175 7,110 12,289
Symantec (SYMC) 15,134 78% 11.4 6% 16,229 10,117 4,255 3,338 910 1,567 17,803
Tableau Software (DATA) 14,111 87% -105.6 -7% 1,912 837 1,231 1,077 -143 -128 13,558
Take Two (TTWO) 14,000 51% 29.4 7% 4,880 2,478 2,867 1,462 339 433 12,716
Twilio (TWLO) 13,962 54% -44.4 -6% 5,151 590 1,134 609 -307 -283 12,567
SS&C Technologies (SSNC) 13,387 43% 19.7 2% 15,938 11,121 4,540 1,949 356 1,012 19,909
Tyler Technologies (TYL) 12,517 47% 61.7 6% 2,055 535 1,040 490 131 200 12,355
Paycom (PAYC) 12,054 67% 51.3 10% 1,592 1,117 695 463 167 218 11,178
Okta (OKTA) 11,548 73% -72.7 -8% 1,871 1,472 419 304 -158 -144 10,496
DocuSign (DOCU) 10,870 75% -108.1 -9% 1,786 1,217 699 524 -161 -99 10,672
Ultimate Software (ULTI) 10,595 62% 106.6 2% 2,716 1,890 894 550 44 98 10,495
Momo (MOMO) 10,572 0% 18,966 7,943 0 0 0 0 8,104
MIX Telematics (MIXT) 10,257 0% 2,391 640 0 0 0 0 10,257
Black Knight (BKI) 9,233 0% 31.4 3% 4,004 2,136 877 0 108 346 10,867
Coupa Software (COUP) 9,141 65% -561.2 -3% 1,512 1,052 353 229 -50 -15 8,554
Guidewire Software (GWRE) 8,411 54% 137.7 0% 2,199 613 697 373 0 60 8,232
Dropbox (DBX) 8,317 75% 87.8 -2% 2,487 1,724 1,215 909 -46 83 7,286
PTC (PTC) 7,885 74% 58.7 -1% 2,665 1,463 1,256 930 -27 141 8,288
Alteryx (AYX) 7,563 90% 2,848.5 1% 1,239 853 351 317 13 2 6,919

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash15110006435279978815720619520423933354123366455125186211932191343911161
Accounts Receivable9075905910078100761219110782144112113106152129176137209188200164234206227228312294315322402368
Inventory
PP&E4141664142437448556396666767105676868144114116121181142148149224154154156245165170170
Assets2752622952783202963383153693934444344875225745686466781,3571,3181,4131,3531,3581,3561,4391,4931,5901,6261,7601,8651,7911,9091,9492,055
Accounts Payable2433223347333345447676769586557689
Long-Term Debt
Liabilities171197217190221178193155189186198168220226237202245247498526584471442389421415422364419442466551528535
Stockholders' Equity1046578881001181451601802082462672662963373664014318597928298829169671,0181,0781,1671,2611,3401,4221,3251,3591,4221,520
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue7777828397949596105107111113130129127135146151159179189194193200209214218221236236242247275275
Cost of Revenue4341434555495152595758606667677178798697102101100105113111112118127124126131147145
Gross Profit34363937424545444750535362626064687273828793939496103106103109112116116128131
R&D
SG&A181921212421232327252625282728293032434142424243434546485253586664
Tax44547706670810109101112111011149455-1727-0840
Net Income68967119891111121617151719209171922313232386238393932273240
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating261118-10341617-0717126628-217551940146771481935345231122424130
Cash Investing-2-19-7-13-2-13-5-9-6-3-3-4-1-17-17-25-339-22-14-7-8-20-20-35-10-41-167-14-195-1-8
Cash Financing-204-313-323-148255-19722895114-166-78-50-110121821272876-5228