Tyler Technologies : Schedule of Supplemental Information 6.30.24
TYL
Tyler Technologies, Inc.
Schedule of Supplemental Information As of June 30, 2024
($000s)
Recurring Revenues - Non-GAAP (1)
2022
2023
2024
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
YTD
SaaS revenues
$
97,838
$
104,984
$
109,912
$
115,792
$
428,526
$
121,915
$
126,599
$
138,509
$
140,955
$
527,978
$
148,784
$
155,978
$
304,762
Transaction-based revenues
$
147,605
$
150,832
$
144,434
$
140,907
$
583,778
$
158,550
$
171,190
$
156,681
$
145,113
$
631,534
$
164,459
$
177,704
$
342,163
Maintenance revenues
$
117,029
$
116,815
$
117,338
$
117,273
$
468,455
$
115,130
$
116,539
$
117,484
$
117,508
$
466,661
$
117,218
$
115,309
$
232,527
Total recurring revenues
$
362,472
$
372,631
$
371,684
$
373,972
$
1,480,759
$
395,595
$
414,328
$
412,674
$
403,576
$
1,626,173
$
430,461
$
448,991
$
879,452
Annualized recurring revenue - Non-GAAP (ARR) (2)
SaaS ARR
$
391,352
$
419,936
$
439,648
$
463,168
$
487,660
$
506,396
$
554,034
$
563,820
$
595,135
$
623,912
Year over year growth
29.8%
23.3%
23.4%
21.6%
24.6%
20.6%
26.0%
21.7%
22.0%
23.2%
Transaction-based ARR
$
590,420
$
603,328
$
577,736
$
563,628
$
634,200
$
684,760
$
626,726
$
580,452
$
657,836
$
710,816
Year over year growth
444.8%
30.4%
-12.3%
4.5%
7.4%
13.5%
8.5%
3.0%
3.7%
3.8%
Maintenance ARR
$
468,116
$
467,260
$
469,352
$
469,092
$
460,520
$
466,156
$
469,936
$
470,032
$
468,872
$
461,236
Year over year growth
-1.7%
-2.3%
-0.4%
-0.4%
-1.6%
-0.2%
0.1%
0.2%
1.8%
-1.1%
Total ARR
$
1,449,888
$
1,490,524
$
1,486,736
$
1,495,888
$
1,582,380
$
1,657,312
$
1,650,696
$
1,614,304
$
1,721,843
$
1,795,964
Year over year growth
63.6%
16.3%
0.0%
7.5%
9.1%
11.2%
11.0%
7.9%
8.8%
8.4%
Subscription revenues (SaaS plus Transaction-based)
$
245,443
$
255,816
$
254,346
$
256,699
$
1,012,304
$
280,465
$
297,789
$
295,190
$
286,068
$
1,159,512
$
313,243
$
333,682
$
646,925
Subscription ARR
$
981,772
$
1,023,264
$
1,017,384
$
1,026,796
$
1,121,860
$
1,191,156
$
1,180,760
$
1,144,272
$
1,252,971
$
1,334,728
Year over year growth
139.5%
27.4%
0.3%
11.6%
14.3%
16.4%
16.1%
11.4%
11.7%
12.1%
ARR from New SaaS Deals and Conversions (3)
2022
2023
2024
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
YTD
New SaaS deals
$
10,916
$
17,860
$
21,851
$
14,427
$
65,054
$
10,322
$
11,205
$
13,382
$
15,796
$
50,705
$
10,932
$
16,173
$
27,105
SaaS conversions from on-premises
$
5,307
$
6,979
$
6,225
$
6,995
$
25,506
$
6,796
$
10,174
$
5,904
$
11,285
$
34,159
$
10,176
$
14,638
$
24,814
Total ARR from new SaaS deals and conversions
$
16,223
$
24,839
$
28,076
$
21,422
$
90,560
$
17,118
$
21,379
$
19,286
$
27,081
$
84,864
$
21,108
$
30,811
$
51,919
Year over year growth
59.6%
72.0%
66.9%
49.7%
62.4%
5.5%
-13.9%
-31.3%
26.4%
-6.3%
23.3%
44.1%
35%
Fixed fee e-filing arrangements
$
-
$
2,800
$
-
$
-
$
2,800
$
1,000
$
-
$
-
$
-
$
1,000
$
-
$
-
$
-
ARR from new SaaS deals, conversions, and fixed-feee-filing arrangem
$
16,223
$
27,639
$
28,076
$
21,422
$
93,360
$
18,118
$
21,379
$
19,286
$
27,081
$
85,864
$
21,108
$
30,811
$
51,919
Year over year growth
59.6%
84.3%
47.6%
49.7%
59.6%
11.7%
-22.6%
-31.3%
26.4%
-8.0%
16.5%
44.1%
31.5%
Estimated license equivalent from new subscription clients
$
18,557
$
30,362
$
37,147
$
24,526
$
110,592
$
17,547
$
19,049
$
22,749
$
26,853
$
86,199
$
18,584
$
27,494
$
46,079
New Software Mix
2022
2023
2024
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
YTD
# of License contracts
44
47
42
47
180
29
34
47
23
133
18
28
46
# of Subscription contracts
149
167
153
140
609
145
170
161
156
632
200
203
403
Total # contracts
193
214
195
187
789
174
204
208
179
765
218
231
449
% License contracts
23%
22%
22%
25%
23%
17%
17%
23%
13%
17%
8%
12%
10%
% Subscription contracts
77%
78%
78%
75%
77%
83%
83%
77%
87%
83%
92%
88%
90%
License total contract value (4)
$
14,992
$
32,940
$
12,568
$
13,062
$
73,562
$
10,060
$
13,348
$
14,967
$
13,187
$
51,562
$
4,346
$
2,662
$
7,008
Subscription total contract value (5)
$
58,580
$
93,238
$
132,380
$
78,243
$
362,441
$
69,686
$
61,749
$
59,220
$
103,004
$
293,659
$
61,518
$
84,755
$
146,273
Total contract value
$
73,572
$
126,178
$
144,948
$
91,305
$
436,003
$
79,746
$
75,097
$
74,187
$
116,191
$
345,221
$
65,864
$
87,417
$
153,281
License % of Total Contract Value
20%
26%
9%
14%
17%
13%
18%
20%
11%
15%
7%
3%
5%
Subscription % of Total Contract Value
80%
74%
91%
86%
83%
87%
82%
80%
89%
85%
93%
97%
95%
Value weighted average term of new subscription contracts
3.4
3.7
3.8
3.9
4.3
3.5
3.8
3.9
3.0
2.9
Transaction-based Revenues
2022
2023
2024
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
YTD
E-filing revenues
$
18,239
$
18,527
$
19,681
$
19,781
$
76,228
$
20,317
$
20,781
$
21,421
$
20,025
$
82,544
$
21,656
$
23,107
$
44,763
Payments/portal revenues:
Recurring
$
120,639
$
130,227
$
124,753
$
121,126
$
496,745
$
138,233
$
150,409
$
135,260
$
125,088
$
548,990
$
142,803
$
154,597
$
297,400
Covid-related
$
8,727
$
2,078
$
-
$
-
$
10,805
$
-
$
-
$
-
$
-
$
-
$
-
Total payments/portal revenues
$
129,366
$
132,305
$
124,753
$
121,126
$
507,550
$
138,233
$
150,409
$
135,260
$
125,088
$
548,990
$
142,803
$
154,597
$
297,400
Total transaction-based revenues
$
147,605
$
150,832
$
144,434
$
140,907
$
583,778
$
158,550
$
171,190
$
156,681
$
145,113
$
631,534
$
164,459
$
177,704
$
342,163
Year over year growth
444.8%
295.5%
119.0%
229.2%
235.5%
7.4%
13.5%
8.5%
3.0%
8.2%
3.7%
3.8%
3.8%
Supplemental Information
Tyler Technologies, Inc.
Schedule of Supplemental Information - Definitions
Subscriptions bookings ARR
Disclaimer
Tyler Technologies Inc. published this content on 24 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2024 20:27:27 UTC.