TYLER TECHNOLOGIES INC 8K

Tyler Technologies reported solid second quarter 2026 earnings and cash flow, completed an AI-focused acquisition and major convertible note financing, expanded its credit facility, and adopted a new $1.5 billion share repurchase authorization replacing prior programs.

On July 29, 2026, Tyler Technologies, Inc. reported its financial results for the second quarter ended June 30, 2026, highlighting 8.2% year-over-year total revenue growth to $645.1 million, SaaS revenue growth of 21.7%, recurring revenues of $559.5 million representing 86.7% of total revenues, GAAP net income of $93.5 million ($2.23 per diluted share), and a 34.7% increase in free cash flow to $118.5 million. Management noted robust public sector demand, record SaaS and total bookings, and reinforced its long-term outlook by referencing raised 2030 financial targets. The company also disclosed several capital allocation and financing actions, including the acquisition of For The Record for approximately $212.7 million in cash, a $1.4 billion offering of 0.50% convertible senior notes due 2031 with net proceeds of $1.2 billion and associated capped call transactions, and a new five-year $1.0 billion unsecured revolving credit facility replacing a prior $700 million facility. In addition, the board approved, effective July 24, 2026, a new share repurchase plan authorizing up to $1.5 billion of Class A Common Stock—replacing prior authorizations but permitting remaining prior capacity to be used—under which repurchases may be executed in the open market or otherwise, including via Rule 10b5-1 plans, with no fixed expiration, and the company reported it had already repurchased 1,622,762 shares for approximately $505 million during the quarter and has approximately $1.745 billion of remaining repurchase authorization as of July 29, 2026.

Filing Facts

CIK

860731

Ticker

-

Form

8K

Source Type

sec

Accession

0000860731-26-000048

Alert Tier

7