Tyler Technologies, Inc.

Strong Q3 Performance: Tyler Technologies reported total revenues of $595.9 million, representing a 9.7% year-over-year growth. Notably, SaaS revenue grew by 20%, and transaction revenue increased by 11.5%, highlighting strong demand for cloud-based and transaction services.

SaaS Growth Forecast for 2026: The company anticipates SaaS revenues to grow approximately 20% in 2026. This forecast is supported by a solid pipeline of new business and ongoing expansion of existing client accounts, benefiting from a relatively strong backlog influenced by substantial prior bookings.

Positive Market Conditions: Tyler has not observed any significant negative impact from DOGE initiatives or the recent federal government shutdown on public sector demand. The company sees ongoing budget allocations towards technology investments as a key driver for sustainable growth.