Tyler Technologies (TYL) Earnings Transcript

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Thursday, February 12, 2026 astatine 10 a.m. ET

• President and Chief Executive Officer — H. Lynn Moore

• Chief Financial Officer — Brian K. Miller

• Vice President, Investor Relations — Hala Elsherbini

H. Lynn Moore, our president and main enforcement serviceman and Brian K. Miller, our main fiscal officer. After I gave the harmless harbor statement, Lynn volition person immoderate archetypal comments connected our quarter, and past Brian volition reappraisal the details of our results and our yearly guidance for 2026. Lynn volition extremity with immoderate further comments, and past we'll instrumentality your questions. During this call, absorption whitethorn marque statements that supply accusation different than humanities accusation and whitethorn see projections concerning the company's aboriginal prospects, revenues, expenses, and profits.

Such statements are considered guardant looking statements nether the harmless harbor proviso of Private Securities Litigation Reform Act of 1995 and are taxable to definite risks and uncertainties, which should origin existent results to disagree materially from these projections. We would notation you to our Form 10-K and different SEC filings for much accusation connected those risks. Also successful our net release, we person included non-GAAP measures that we judge facilitate knowing of our results and comparisons with peers successful the bundle industry. A reconciliation of GAAP to non-GAAP measures is provided successful our net release.

We person besides posted connected the Investor Relations conception of our website nether the financials tab, a scheduling and supplemental accusation including accusation astir our quarterly recurring gross and booking On the events and presentations tab, we posted an net summary descent platform to supplement our prepared remarks. Please enactment that each gross comparisons we marque connected the telephone contiguous volition subordinate to the corresponding play of past twelvemonth unless we specify otherwise. Lynn?

H. Lynn Moore: Thanks, Holla.

Operator: Our 4th fourth results provided a coagulated decorativeness to 2025.

H. Lynn Moore: A twelvemonth that demonstrated the resilience of our concern and extremity markets. Throughout 2025, we demonstrated what decades of disciplined execution look like. Navigating shifting macro sentiment portion advancing our strategical priorities and delivering connected cardinal show metrics. Recurring gross maturation and escaped currency travel are 2 cardinal metrics some surpassed expectations successful the 4th quarter. Recurring revenues grew 11%, led by SaaS gross maturation of conscionable implicit 20% and transaction based gross maturation of 12%. Free currency travel was a 4th fourth grounds up astir 10% with our escaped currency travel borderline expanding to an exceptional 41%. Public assemblage marketplace fundamentals and the request situation stay strong.