Filing Flows › Tyler Technologies (TYL) › Q4 2025
Tyler Technologies (TYL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Tyler Technologies (TYL) reported revenue of $575M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -3% from the quarter before. Operating margin was 13.0%, net earnings $65.5M (11.4% of revenue).
Tyler Technologies, Q4 2025: revenue $575M (+6% year over year), operating margin 13.0%, net earnings $65.5M, operating cash flow $244M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $575M | -3% | +6% |
| Gross profit | $262M | -7% | +11% |
| Operating profit | $75.0M | -23% | +5% |
| Net earnings | $65.5M | -22% | +0.5% |
| Operating cash flow | $244M | -4% | +9% |
| Free cash flow | $237M | — | — |
What changed
Revenue was $575.2M in Q4 2025, up 6% year over year and down 3% from the previous quarter.
Gross margin was 45.5%, up 1.8 points from a year earlier. Operating profit was $75.0M, a 13.0% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 13% margin then. Operating expenses grew 13% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+58%). Net earnings were $65.5M, roughly flat year over year. The effective tax rate was 22.9%.
Operating cash flow was $243.9M (up 9% year over year), 372% of net earnings. Non-cash charges added back $34.4M of depreciation and amortization and $38.6M of share-based compensation. Working capital and other items added $105.3M. After additions to property and equipment ($4.3M) and investment in software development ($2.6M), free cash flow as the company reports it was $236.9M.
Questions
What was Tyler Technologies' revenue in the fourth quarter 2025?
Tyler Technologies (TYL) reported revenue of $575M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -3% from the quarter before.
Was Tyler Technologies profitable in the fourth quarter 2025?
Operating profit was $75.0M (13.0% of revenue) and net earnings $65.5M.
Source: Tyler Technologies 10-K on SEC EDGAR.