Slide 1: 2025 Second Quarter Earnings Review
2025 Second Quarter Earnings Review Tyler Technologies | July 31, 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: Q2 2025 Summary
Q2 2025 Summary © Tyler Technologies 2025
Slide 7: Second Quarter Results
Second 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 $596.1M, up 10.2% $2.91 EPS, up 21.3% 26.5%, up 200 bps SaaS Revenues $189.6M, up 21.5% ARR $2.07B, up 15.2% ¹ See the reco
Slide 8: Second Quarter Results: Key Highlights
Second Quarter Results K E Y H I G H L I G H T S StableHealthy public sector public market with sector demand Healthy public sector budgets primarily no fundamental shift Elevated sales in sales activity indicators funded by property taxes – a stable funding demand RFP pipeline andof indicators demo
Slide 9: Strong Recurring Revenue Growth
Strong Recurring Revenue Growth Total Revenues Recurring Revenues • Recurring revenues up 15.2% $596.1M $517.2M % of Total Revenues YoY Growth • Subscriptions rose 21.4% $189.6M SaaS Revenues +21.5% o SaaS revenues grew 21.5% marking the18th consecutive quarter of SaaS growth of 20%+ Recurring 86.8%
Slide 10: Q2 2025 Strong Performance Across Key Metrics
Q2 2025 Strong Performance Across Key Metrics Total Revenues Recurring Revenues Diluted EPS1 Adjusted EBITDA1 $596.1M $517.2M GAAP $1.93 $169.1M +22.9% +18.3% +10.2% +15.2% Non-GAAP $2.91 +21.3% Cash from Operations* Free Cash Flow*1 Gross Margin1 Operating Margin1 $98.3M $88.0M GAAP 45.8% GAAP 16.0
Slide 11: Q2 2025 New SaaS and Flip Bookings Highlights
Q2 2025 New SaaS and Flip Bookings Highlights Up Sequentially from Q1 * Does not include renewals or add-on sales. 11
Slide 12: Notable Q2 Wins
Notable Q2 Wins AC C E L E R AT I N G SA A S A D O P T I O N A N D F L I P S New SaaS deals Large SaaS flips AI-Driven deals • Arizona Supreme Court, AZ • Superior Court of California, County • Resident Assistant • Enterprise Supervision of Santa Clara • State of Alabama Department of • Expanded our
Slide 13: Notable Q2 Wins
Notable Q2 Wins State & Federal Multi-product wins • West Suburban Consolidated Dispatch • State of Oklahoma Department of Labor • State Regulatory and Augmented Field Center, IL Operations • Enterprise SaaS Public Safety • Multi-jurisdictional, multi-product competitive win • CAD, Records Managemen
Slide 14: 2025 Annual Guidance
2025 Annual Guidance © Tyler Technologies 2025
Slide 15: 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 Revenue Guidance midpoint implies growth of approx. 10.0% $2.33B - $2.36B Revenue range percentage growth expectations: • Subscriptions growth of 17 - 19% $2.14B • SaaS growth of 2
Slide 16: 2025 Annual Guidance
2025 Annual Guidance Diluted EPS - GAAP Diluted EPS - Non-GAAP $11.20 - $11.50 $7.40 - $7.70 $9.55 $6.05 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 7/30/25 16
Slide 17: Appendix
Appendix
Slide 18: Non-GAAP Measures
Non-GAAP Measures T HE TA BLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PRESENTAT I O N GAAP 18
Slide 19: Non-GAAP Measures
Non-GAAP Measures T HE TA BLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PRESENTAT I O N GAAP 19
Slide 20: tylertech.com
= a. tyler technologies tylertech.com f YyinOo © Tyler Tec’