Tyler Technologies reported third quarter 2025 earnings on October 29, 2025. Total revenues reached $595.9 million, up 9.7% year-over-year. Subscription revenues grew 15.5% to $401.1 million, with SaaS revenues increasing 19.9% to $199.8 million. Recurring revenues comprised 86.0% of total revenues at $512.4 million, up 10.7%. GAAP net income was $84.4 million or $1.93 per diluted share, up 11.2%. Non-GAAP net income was $130.4 million or $2.97 per diluted share, up 18.5%. Adjusted EBITDA increased 14.4% to $169.9 million. The company completed the acquisition of Emergency Networking for $19.4 million and repurchased approximately 300,000 shares during the quarter. Annualized recurring revenue reached $2.05 billion, up 10.7%.
Read full analysisTyler Technologies reported third quarter 2025 earnings on October 29, 2025. Total revenues reached $595.9 million, up 9.7% year-over-year. Subscription revenues grew 15.5% to $401.1 million, with SaaS revenues increasing 19.9% to $199.8 million. Recurring revenues comprised 86.0% of total revenues at $512.4 million, up 10.7%. GAAP net income was $84.4 million or $1.93 per diluted share, up 11.2%. Non-GAAP net income was $130.4 million or $2.97 per diluted share, up 18.5%. Adjusted EBITDA increased 14.4% to $169.9 million. The company completed the acquisition of Emergency Networking for $19.4 million and repurchased approximately 300,000 shares during the quarter. Annualized recurring revenue reached $2.05 billion, up 10.7%.
Tyler Technologies is the largest U.S. software company focused exclusively on the public sector, providing cloud-based solutions for courts, tax offices, schools, and other government agencies. Its Q4 earnings on February 11 missed on both revenue ($575M vs. $591M consensus) and EPS ($2.64 vs. $2.71), triggering a 15.4% selloff, though analysts broadly maintained Buy ratings while cutting price targets by 20-30%. The stock has since recovered roughly a third of those losses through a series of low-volume bounce sessions, with institutional memory flagging government contract wins and analyst reaffirmations as supporting the recovery narrative.