TYL

AI Research

Q4 EPS misses at $2.64 vs $2.72; SaaS revenue exceeds $200M quarterly milestone

Tyler Technologies missed Q4 2025 forecasts with EPS of $2.64 vs $2.72 expected, triggering a 15.76% premarket drop, despite posting 6.3% YoY revenue growth and achieving a milestone of quarterly SaaS revenues exceeding $200M for the first time. For 2026, Tyler projects revenue of $2.5-$2.55B (8.3% growth) and SaaS revenue growth of 20.5-22.5%, with AI partnerships with Anthropic, AWS, Microsoft, and OpenAI as strategic priorities. Director Glenn Carter sold 1,624 shares on March 12 at $349.14; 18 analysts rate the stock Buy with an average target of $439.90.