Slide 1: 2025 First Quarter Earnings Review
2025 First Quarter Earnings Review Tyler Technologies | April 24, 2025
Slide 2: Statement Regarding Use of Non-GAAP Measures
Statement Regarding Use of Non-GAAP Measures Tyler Technologies has provided in this presentation 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 AT A G L A N C E 1 MARKET 85% RECURRING 26.9% FREE CASH FLO W 98% GROSS CLIENT PO SIT IO N REVENUES 2024 MARG IN 2024 RET ENT ION 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 OTHER FINANC
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: Q1 2025 Summary
© Tyler Technologies 2025 sc ee
Slide 7: First Quarter Results
First 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 $565.2M, up 10.3% $2.78 EPS, up 26.4% 26.8%, up 300 bps SaaS Revenues $180.1M, up 21.0% ARR $1.95B, up 13.3% ¹ See the recon
Slide 8: First Quarter Results: Key Highlights
First Quarter Results K E Y H I G H L I G H T S Active e Healthy public cpublic sector r demand, sector demand , with Healthyy public c sectorr budgetss primarily Elevated sales activity continued elevated sales indicators indicators funded by property taxes – a stable RFP pipeline and demo trends i
Slide 9: Strong Recurring Revenue Growth
Strong Recurring Revenue Growth Total Revenues Recurring Revenues • Recurring revenues up 13.3% $565.2M $487.8M % of Total Revenues YoY Growth • Subscriptions rose e 19.7% $180.1M SaaS Revenues +21.0% o SaaS revenues grew 21.0% % marking the17th consecutive quarter of SaaS growth of 20%+ Recurring 8
Slide 10: Q1 2025 Strong Performance Across Key Metrics
Q1 2025 Strong Performance Across Key Metrics Total Revenues Recurring Revenues Diluted EPS1 Adjusted EBITDA1 $565.2M $487.8M GAAP $1.84 $162.3M +46.0% +21.5% +10.3% +13.3% Non-GAAP $2.78 +26.4% Cash from Operations* Free Cash Flow*1 Gross Margin1 Operating Margin1 $56.2M $48.3M GAAP 47.3% GAAP 15.8
Slide 11: Q1 2025 New Software Business Mix
Q1 2025 New Software Business Mix ACCELERATING SAAS ADOPTION AND GROWTH IN FLIPS # of New Software Deals # of Flips 218 157 200 92% 138 88% 106 90 SaaS 18 8% 19 12% 1Q24 1Q25 1Q25 1Q25 License New SW Contract Value Flip Contract Value $59.2M $39.2M $54.9M 96% 93% $37.8M $29.2M $22.8M 7% 4% $4.3M $1.
Slide 12: Q1 2025 New ARR
Q1 2025 New ARR ACCELERATING SAAS ADOPTION New SaaS Total ARR New SaaS Avg ARR $10.9M $54.7K $53.0K $7.3M 1Q24 1Q25 1Q24 1Q25 Flips Total ARR Flips Avg ARR $113.1K $113.1K $12.0M $10.2M 1Q24 1Q25 1Q24 1Q25 12
Slide 13: Notable Q1 Wins
Notable Q1 Wins ACCELERATING SAAS ADOPTION AND FLIPS New SaaS deals New SaaS deals Large SaaS flips • City of Fort Collins, CO • Vermont Department of Health • Clackamas Education Services Dist., OR • Enterprise Permitting & Licensing • Application Platform • School ERP Pro • Competitive win cited f
Slide 14: Notable Q1 Wins
Notable Q1 Wins State & Federal Cross-sell synergies Multi-product wins • West Virginia Secretary of State • Talbot County Department of Emergency • Wright County, MN • State Regulatory Platform Services, MD • Enterprise Portal, Tyler Cashiering plus payments • Enterprise Public Safety suite • Acros
Slide 15: 2025 Annual Guidance
2025 Annual Guidance
Slide 16: 2025 Annual Guidance
2025 Annual Guidance EXECUTING LONG-TERM GROWTH AND CLOUD-FIRST STRATEGY Revenue Guidance midpoint implies growth of approx. 9.0% Totall Revenues Revenue range percentage growth expectations: $2.31B - $2.35B • Subscriptions growth of 15 - 18% $2.14B • SaaS growth of 21 - 24% • Transaction growth of
Slide 17: 2025 Annual Guidance
2025 Annual Guidance Diluted EPS - GAAP Diluted EPS - Non-GAAP $11.05 - $11.35 $7.50 - $7.80 $9.55 $6.05 2024 2025 Guidance 2024 2025 Guidance Free Cash Flow Margin R&D Expense $193.0 - $198.0M 26.9% 24% -26% $117.9M 2024 2025 Guidance 2024 2025 Guidance Most recent 2025 guidance provided on 4/23/25
Slide 18: Appendix
Appendix
Slide 19: Non-GAAP Measures
Non-GAAP Measures THE TABLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PRESENTATION GAAP 19
Slide 20: Non-GAAP Measures
Non-GAAP Measures THE TABLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PRESENTATION GAAP 20
Slide 21: tylertech.com
“. tyler Empowering people who serve the public* vey e oe y technologies