Slide 1: 2025 Third Quarter Earnings Review
2025 Third Quarter Earnings Review Tyler Technologies | October 30, 2025
Slide 2: Statement Regarding Use of Non-GAAP Measures
Statement Regarding Use of Non-GAAP Measures Tyler Technologies has provided in this press release financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP) and are therefore considered non-GAAP financial measures. This information includes non
Slide 3: Forward-Looking Statements
Forward-Looking Statements This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectat
Slide 4: The Leader in Software Solutions to the Public Sector
The Leader in Software Solutions to the Public Sector T Y L E R A T A G L A N C E 1 MARKET 85% RECURRI NG 26.9% F REE CASH F L OW 98% GROSS CL I ENT POSI T I ON REVENUES 2 0 2 4 MARGI N 2 0 2 4 RET ENT I ON 2 0 2 4 R E V E N U E B R E A K D O W N ERP / PLATFORM COURTS & PUBLIC K-12 APPRAISAL & CIVIC
Slide 5: Tyler 2030 | Pillars of Growth
Tyler 2030 | Pillars of Growth Leveraging Expanding Completing Growing Our Strong Into New Our Cloud Our Payments Client Base Markets Transition Business Goals: Grow revenues, expand margins, and invest in our people & tools 5
Slide 6: Q3 2025 Summary
Q3 2025 Summary © Tyler Technologies 2025
Slide 7: Third Quarter Results
Third Quarter Results C O N T I N U E D S T R O N G P E R F O R M A N C E A C R O S S K E Y M E T R I C S Revenues Non-GAAP Earnings1 Non-GAAP Operating Margin1 Total Revenues $595.9M, up 9.7% $2.97 EPS, up 17.9% 26.6%, up 120 bps SaaS Revenues $199.8M, up 20% ARR $2.05B, up 10.7% ¹ See the reconcil
Slide 8: Third Quarter Results: Key Highlights
Third Quarter Results K E Y H I G H L I G H T S StableHealthy public sector public market sector demand Healthy public sector budgets primarily reflected in strong Elevated leading sales activity demand indicators funded by property taxes – a stable funding RFP pipeline indicators of RFPand demo and
Slide 9: Strong Recurring Revenue Growth
Strong Recurring Revenue Growth Total Revenues Recurring Revenues $595.9M $512.4M • Recurring revenues up 10.7% % of Total Revenues YoY Growth • Subscriptions rose 15.5% $199.8M SaaS Revenues +20% o SaaS revenues grew 20% Recurring o Transaction revenues increased 11.5%, driven by 86.0% increased ad
Slide 10: Q3 2025 Strong Performance Across Key Metrics
Q3 2025 Strong Performance Across Key Metrics Total Revenues Recurring Revenues Diluted EPS1 Adjusted EBITDA1 $595.9M $512.4M GAAP $1.93 $169.9M +10.9% +14.4% +9.7% +10.7% Non-GAAP $2.97 +17.9% Cash from Operations Free Cash Flow1 Gross Margin1 Operating Margin1 $255.2M $247.6M GAAP 47.2% GAAP 16.4%
Slide 11: Notable Q3 Wins
Notable Q3 Wins AC C E L E R AT I N G SA A S M O M E N T U M New Software deals SaaS flips AI-Driven deals • South Carolina Department of Education • Brazoria County, TX • Augmented Field Operations • Student Transportation • Enterprise Justice • Indiana State Police, leveraged Indiana State Enterpr
Slide 12: Notable Q3 Wins
Notable Q3 Wins State / Federal / Transactions Multi-Product / Cross-Sell wins • Chesterfield County, VA • City of Columbia, MO • Payments • New Enterprise Public Safety client • Existing ERP client • Colorado Department of Corrections • Transaction-based Inmate Financial Services • Jonah Special Ut
Slide 13: 2025 Annual Guidance
2025 Annual Guidance © Tyler Technologies 2025
Slide 14: 2025 Annual Guidance
2025 Annual Guidance E X E C U T I N G LO N G -T E R M G R OW T H A N D C LO U D - F I R ST ST R AT E GY Total Revenues $2.335B - $2.360B $2.14B Revenue Guidance midpoint implies growth of approx. 10% Net interest income in the range of $29 million to $31 million 2024 2025 Guidance Most recent 2
Slide 15: 2025 Annual Guidance
2025 Annual Guidance Diluted EPS - GAAP Diluted EPS - Non-GAAP $11.30 - $11.50 $7.28 - $7.48 $6.05 $9.55 2024 2025 Guidance 2024 2025 Guidance Free Cash Flow Margin R&D Expense $202M - $205M 26.9% 25% -27% $117.9M 2024 2025 Guidance 2024 2025 Guidance Most recent 2025 guidance provided on 10/29/25 1
Slide 16: Tyler's AI Commitment
Tyler’s Al Commitment “>. tyler
Slide 17: Tyler's AI Commitment
Tyler’s AI Commitment Built on foundational Governed with strong Strengthened with principles oversight deep partnerships Secure & private AI governance committee AWS + Anthropic Auditable & transparent GenAI specific guardrails Azure + Open AI and protections Practical Adversarial testing & strict
Slide 18: Tyler has the foundational elements to succeed
Tyler has the foundational elements to succeed W H Y W E W I N + + + Data Expertise Tyler AI Trust Produced daily by over From decades of public Internal & partnerships Clients trust us to lead 15,000 clients sector experience with Microsoft + OpenAI + managing complex workflows AWS + Anthropic
Slide 19: Appendix
Appendix
Slide 20: Non-GAAP Measures
Non-GAAP Measures T HE TA BLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PRESENTAT I O N GAAP 20
Slide 21: Non-GAAP Measures
Non-GAAP Measures T HE TA BLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PRESENTAT I O N GAAP 21
Slide 22: tylertech.com
= a. tyler technologies tylertech.com f YyinOo © Tyler Tec’