Risk Sleuth
TYL · 10-K filed 18 Feb 2026 · year to 31 Dec 2025

Tyler Technologies

20 named things its latest annual report says its results depend on, each in the company's own words. 9 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

U.S. public sector (state and local governments)

earns from · substantially all of our revenuesnamed as a risk
We derive substantially all of our revenues from sales of software and services to state, county, and city governments, other federal or municipal agencies, and other public entities.Risk factors (Item 1A)

Also named by NTAP

Suppliers

Amazon Web Services (AWS)

depends onnamed as a risk
A material portion of our business is provided through software hosting services, which are generally hosted from and use computing infrastructure provided by third parties, including AWS.Risk factors (Item 1A)

Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COF and 56 more

Partners and platforms

Amazon Web Services (AWS)

depends on
We have a strategic collaboration agreement with AWS for cloud hosting services, which brings together Tyler, the nation’s largest software company exclusively focused on the public sector, and AWS, the broadest and deepest cloud platform.Business (Item 1)

Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COF and 56 more

Other companies

Convertible Senior Notes due 2026

$600 millionnamed as a risk
As of December 31, 2025, we had outstanding an aggregate principal amount of $600 million of our Convertible Senior Notes and none under our 2024 Credit Agreement.Risk factors (Item 1A)

Wells Fargo Bank, National Association

depends on · $700.0 million
On September 25, 2024, the Company entered into a $700.0 million credit agreement with the various lender parties thereto and Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender, and Issuing Lender (the “2024 Credit Agreement”).Risk factors (Item 1A)

Also named by TPL

Performance bonds (property appraisal contracts)

depends onnamed as a risk
Our inability to obtain performance bonds on favorable terms or at all could impact our future ability to win some contract awards, particularly large property appraisal services contracts, which could negatively impact revenues.Risk factors (Item 1A)

NIC Inc.

In particular, since the acquisition of NIC Inc. (“NIC”) in April 2021, we have been successfully selling Tyler software products into NIC’s client base and in turn providing NIC’s payment services to Tyler’s client base.Business (Item 1)

Competitors

Oracle Corporation

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Also named by VEEV, WDAY

SAP SE

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Also named by ORCL, WDAY

Workday, Inc.

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Also named by PAYC, SSD

Infor

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

CentralSquare Technologies

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Thomson Reuters Corporation

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Motorola Solutions, Inc.

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Axon Enterprise, Inc.

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Constellation Software, Inc.

competes with
We also compete with national firms, some of which have greater financial and technical resources than we do, including Oracle Corporation, Infor, SAP AG, Workday, Inc., CentralSquare Technologies, Thomson Reuters Corporation, Motorola Solutions, Inc., Axon Enterprise, Inc., and Constellation Software, Inc.Business (Item 1)

Places

Canada, the Philippines and India

operates in · Approximately 650 of our team members
Approximately 650 of our team members are in Canada, the Philippines, or India.Business (Item 1)

Commodities and inputs

SOFR

exposed to its price · plus a margin of 1.125% to 1.75%named as a risk
Loans under the revolving credit facility will bear interest, at the Company’s option, at a per annum rate of either (1) the Administrative Agent’s prime commercial lending rate (subject to certain higher rate determinations) plus a margin of 0.125% to 0.75% or (2) the one-, three-, or six-month SOFR rate plus a margin of 1.125% to 1.75%.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Laws and programs

Payment Card Industry Data Security Standard (PCI DSS)

subject to
We also use a Qualified Security Assessor to perform an annual Payment Card Industry Data Security Standards assessment that tests our credit card data controls, and we undergo an annual System & Organizational Control audit to generate a report of our key compliance controls and objectives, among other things.Cybersecurity (Item 1C)

Also named by ABNB, AZO, BJ, BKNG, CASH, CASY, COST, DOV and 20 more

Criminal Justice Information Systems (CJIS) Security Policy

subject to
Given our technology in the courts and public safety markets, we also manage compliance with the Criminal Justice Information Systems (“CJIS”) security standards that are established by the Federal Bureau of Investigation (“FBI”), and we partner with our clients and third-party CJIS compliance consultants to help ensure that we adhere to the requirements applicable to us.Cybersecurity (Item 1C)