Added to YB: 2026-05-11
Pitch date: 2026-05-08
TYL [neutral]
Tyler Technologies, Inc.
Author Info
No bio for this author
Company Info
Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States.
Market Cap
$13.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.83
P/E
44.84
EV/Sales
5.62
Sector
Software
Category
growth
Day 42: Tyler Technologies $TYL
TYL (overview): Dominant vertical SaaS for US state/local gov (13k clients, 50 states) w/ near-monopoly in many categories. $2.15B ARR (+10% YoY), 23% subscription growth as mix-shifts to cloud. 6.4x EV/ARR, 34x run-rate GAAP EBIT. AI impact muted due to slow gov adoption & ongoing cloud transition vs AI-native competitors. Mgmt sees AI as modest tailwind, some upsell via AI modules. Moat from switching costs & conservative gov buyers gives ROFR on selling agents. Lacks near-term AI catalyst, valuation not cheap at growth rate.
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