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Tyler Technologies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$278M in Q3 2026 · $741M over twelve months

Operating cash flow$282M
Capital spending−$4.4M
Free cash flow+$278M
Cash / net income3.0×
Cash conversion cycle50 days

Analysis

In Q3 2026, Tyler Technologies generated $282M of operating cash flow and spent $4.4M on capital projects, leaving free cash flow of $278M. That is $26.7M more than in Q3 2025 ($251M).

Over the twelve months to Sep 30, 2026, operating cash flow was $758M; the largest uses were buybacks ($1.1B), acquisitions ($288M), capital spending ($17.0M); besides operations, cash came from other financing ($589M), shares issued ($18.5M); the cash balance fell by $45.9M.

Operating cash flow was $282M against net income of $95.1M — 3.0× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$39.2M, deferred revenue +$37.9M, depreciation & amortization +$37.1M.

Its cash conversion cycle was 50 days (receivables 100 + inventory 0 − payables 50).

Free cash flow

Tyler Technologies: free cash flow by quarterTyler Technologies: free cash flow by quarter$221MQ4 2024$53.8MQ1 2025$92.8MQ2 2025$251MQ3 2025$240MQ4 2025$104MQ1 2026$119MQ2 2026$278MQ3 2026
Operating cash flow less capital spending.
Tyler Technologies: operating cash flow against capital spendingTyler Technologies: operating cash flow against capital spendingOperating cash flowCapital spending$225M$3.8MQ4 2024$56.2M$2.3MQ1 2025$98.3M$5.5MQ2 2025$255M$3.9MQ3 2025$244M$4.3MQ4 2025$107M$3.2MQ1 2026$124M$5.1MQ2 2026$282M$4.4MQ3 2026
Latest (Q3 2026): Operating cash flow $282M, Capital spending $4.4M.

Capital allocation, year by year

Tyler Technologies: where the cash came from (up) and went (down), by fiscal yearTyler Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $372MFY2021: Net borrowing $600MFY2021: Shares issued $96.7MFY2021: Capital spending −$33.9MFY2021: Acquisitions −$2.1BFY2021: Buybacks −$13.0M$1.1BFY2021FY2022: Operating cash flow $381MFY2022: Shares issued $16.7MFY2022: Capital spending −$22.5MFY2022: Acquisitions −$164M$398MFY2022FY2023: Operating cash flow $380MFY2023: Shares issued $16.2MFY2023: Capital spending −$20.5MFY2023: Acquisitions −$62.8M$397MFY2023FY2024: Operating cash flow $625MFY2024: Shares issued $17.6MFY2024: Capital spending −$20.5MFY2024: Acquisitions −$1.4M$642MFY2024FY2025: Operating cash flow $654MFY2025: Shares issued $18.8MFY2025: Capital spending −$16.0MFY2025: Acquisitions −$83.7MFY2025: Buybacks −$175M$672MFY2025
Over these 5 years operating cash flow totalled $2.4B; the largest uses were acquisitions ($2.4B) and buybacks ($188M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$879M
Debt$600M
Net cash$280M

Tyler Technologies funds itself: free cash flow was $741M over the last twelve months, and $879M of cash and investments stands against $600M of debt.

Where the cash came from and went

Tyler Technologies: sources (+) and uses (−) of cash, Q3 2026Tyler Technologies: sources (+) and uses (−) of cash, Q3 2026Buybacks−$369MOperating cash flow$282MCash drawn (+) / kept (−)$107MAcquisitions−$24.7MCapital spending−$4.4MShares issued$4.4MOther investing$2.3MOther financing$2.0M
Tyler Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Tyler Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Buybacks−$1.1BOperating cash flow$758MOther financing$589MAcquisitions−$288MCash drawn (+) / kept (−)$45.9MShares issued$18.5MCapital spending−$17.0MOther investing$16.9M

From profit to cash

Tyler Technologies: net income to operating cash flow, Q3 2026Tyler Technologies: net income to operating cash flow, Q3 2026Net income$95.1MDepreciation & amortization$37.1MStock-based pay$39.2MDeferred taxes$9.5MOther non-cash$194KReceivables$36.3MPayables−$264KAccrued liabilities$6.6MDeferred revenue$37.9MPrepaid and other assets$6.1MOther liabilities$2.1MOperating cash flow$282M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026100—5050
Q2 202692—4942
Q1 202689—5138
Q4 2025104—4757
Q3 2025106—4760
Q2 202597—4849
Q1 202591—5042
Q4 2024103—4657

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$282M−$4.4M−$24.7M−$369M—$4.4M$107M$278M
Q2 2026$124M−$5.1M−$214M−$505M—$5.4M−$579M$119M
Q1 2026$107M−$3.2M−$20K−$250M−$600M$3.8M$699M$104M
Q4 2025$244M−$4.3M−$48.5M——$5.0M−$181M$240M
Q3 2025$255M−$3.9M−$16.9M−$173M—$4.6M−$46.7M$251M
Q2 2025$98.3M−$5.5M−$206K−$1.6M—$5.4M−$81.7M$92.8M
Q1 2025$56.2M−$2.3M−$18.0M——$4.0M$39.0M$53.8M
Q4 2024$225M−$3.8M———$4.8M−$206M$221M

Tyler Technologies: income statement and cash flow

Tyler Technologies, Q3 2026: revenue $648M (+9% year over year), operating margin 18.1%. The chart follows the revenue to costs, profit and cash.

Tyler Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.