Tyler Technologies, Inc.

Quarterly Statements of Operations

As of September 30, 2020

(in thousands, except per share data)

Amounts reported under ASC 605

Amounts reported under ASC 606

1Q00

2Q00

3Q00

4Q00

FY2000

1Q01

2Q01

3Q01

4Q01

FY2001

1Q02

2Q02

3Q02

4Q02

FY2002

Revenues:

Software licenses and royalties

$

4,132

$

4,110

$

5,293

$

5,777

$

19,312

$

4,000

$

4,634

$

5,010

$

5,847

$

19,491

$

5,314

$

5,264

$

6,469

$

7,231

$

24,278

Subscriptions

Software services

5,166

5,022

4,841

4,396

19,425

4,751

6,132

5,123

5,532

21,538

4,992

5,832

7,064

7,815

25,703

Maintenance

7,176

7,249

7,138

7,545

29,108

8,823

9,065

9,174

9,525

36,587

9,315

10,269

10,204

10,879

40,667

Appraisal services

4,481

4,574

5,256

6,598

20,909

7,681

9,874

8,148

9,024

34,727

7,783

10,988

9,309

9,239

37,319

Hardware and other

1,050

879

1,371

1,879

5,179

2,203

1,532

1,203

1,535

6,473

1,518

1,252

1,928

1,232

5,930

Total revenues

22,005

21,834

23,899

26,195

93,933

27,458

31,237

28,658

31,463

118,816

28,922

33,605

34,974

36,396

133,897

Cost of revenues:

Software licenses

605

517

549

934

2,605

684

1,016

1,047

1,383

4,130

1,069

1,394

1,349

1,670

5,482

Acquired software

-

608

608

608

608

2,432

608

608

608

608

2,432

Software services, maintenance and subscriptions

9,437

9,679

9,326

9,913

38,355

10,817

12,297

11,351

11,559

46,024

11,510

12,241

13,161

13,263

50,175

Appraisal services

3,053

3,297

3,593

4,738

14,681

5,513

6,667

5,617

6,097

23,894

5,405

7,257

6,637

6,213

25,512

Hardware and other

880

758

1,104

1,275

4,017

1,823

1,125

723

1,078

4,749

1,204

1,005

1,515

1,022

4,746

Total cost of revenues

13,975

14,251

14,572

16,860

59,658

19,445

21,713

19,346

20,725

81,229

19,796

22,505

23,270

22,776

88,347

Gross profit

8,030

7,583

9,327

9,335

34,275

8,013

9,524

9,312

10,738

37,587

9,126

11,100

11,704

13,620

45,550

Selling, general and administrative expenses

8,153

8,037

7,250

7,864

31,304

7,501

7,442

7,404

8,071

30,418

7,741

8,462

8,022

9,077

33,302

Research and development expense

354

490

410

247

1,501

79

105

104

124

412

154

134

159

165

612

Amortization of customer and trade name intangibles

1,919

1,832

1,425

1,727

6,903

1,129

1,111

1,113

1,113

4,466

226

223

224

224

897

Operating income (loss)

(2,396)

(2,776)

242

(503)

(5,433)

(696)

866

691

1,430

2,291

1,005

2,281

3,299

4,154

10,739

Other income (expense), net

(883)

(965)

(1,780)

(1,256)

(4,884)

(161)

(121)

(77)

(120)

(479)

(88)

(165)

(377)

(68)

(698)

Income (loss) from continuing operations

before income taxes

(3,279)

(3,741)

(1,538)

(1,759)

(10,317)

(857)

745

614

1,310

1,812

917

2,116

2,922

4,086

10,041

Income tax provision (benefit)

(942)

(1,103)

(332)

(433)

(2,810)

(343)

373

363

1,147

1,540

355

826

1,183

1,505

3,869

Income (loss) from continuing operations

(2,337)

(2,638)

(1,206)

(1,326)

(7,507)

(514)

372

251

163

272

562

1,290

1,739

2,581

6,172

Net income (loss)

$

(3,719)

$

(3,979)

$

(2,558)

$

(14,341)

$

(24,597)

$

(528)

$

371

$

228

$

198

$

269

$

562

$

1,290

$

1,739

$

4,398

$

7,989

Basic earnings (loss) per common share:

Net income (loss) per common share

$

(0.09)

$

(0.09)

$

(0.05)

$

(0.31)

$

(0.54)

$

(0.01)

$

0.01

$

0.00

$

0.01

$

0.01

$

0.01

$

0.03

$

0.04

$

0.10

$

0.17

Diluted earnings (loss) per common share:

Net income (loss) per common share

$

(0.09)

$

(0.09)

$

(0.05)

$

(0.31)

$

(0.54)

$

(0.01)

$

0.01

$

0.00

$

0.00

$

0.01

$

0.01

$

0.03

$

0.04

$

0.09

$

0.16

Weighted average common shares outstanding:

Basic

43,291

44,894

46,654

46,665

45,380

47,179

47,149

47,171

47,224

47,181

47,386

47,647

47,173

46,348

47,136

Diluted

43,291

44,894

46,654

46,665

45,380

47,179

47,425

48,396

48,915

47,984

49,725

50,405

49,372

48,482

49,493

Gross Margin

36.5%

34.7%

39.0%

35.6%

36.5%

29.2%

30.5%

32.5%

34.1%

31.6%

31.6%

33.0%

33.5%

37.4%

34.0%

Operating Margin

-10.9%

-12.7%

1.0%

-1.9%

-5.8%

-2.5%

2.8%

2.4%

4.5%

1.9%

3.5%

6.8%

9.4%

11.4%

8.0%

Tyler Technologies, Inc.

Quarterly Statements of Operations

As of September 30, 2020

(in thousands, except per share data)

Amounts reported under ASC 605

Amounts reported under ASC 606

1Q03

2Q03

3Q03

4Q03

FY2003

1Q04

2Q04

3Q04

4Q04

FY2004

1Q05

2Q05

3Q05

4Q05

FY2005

Revenues:

Software licenses and royalties

$

5,460

$

6,157

$

8,400

$

5,897

$

25,914

$

6,852

$

7,403

$

6,955

$

9,048

$

30,258

$

6,306

$

7,842

$

7,112

$

8,158

$

29,418

Subscriptions

1,183

1,454

1,513

1,702

5,852

Software services

7,706

9,541

9,191

10,690

37,128

11,602

13,274

12,256

12,654

49,786

11,207

12,145

11,743

11,138

46,233

Maintenance

10,935

11,698

11,704

12,820

47,157

13,581

14,657

14,589

14,933

57,760

15,421

15,806

16,655

16,846

64,728

Appraisal services

6,751

7,356

7,440

8,464

30,011

7,954

7,045

6,406

5,989

27,394

5,149

4,635

4,147

4,443

18,374

Hardware and other

1,473

1,383

1,139

1,249

5,244

1,473

1,884

1,605

2,110

7,072

1,393

1,303

1,136

2,020

5,852

Total revenues

32,325

36,135

37,874

39,120

145,454

41,462

44,263

41,811

44,734

172,270

40,659

43,185

42,306

44,307

170,457

Cost of revenues:

Software licenses

1,544

1,519

2,041

1,506

6,610

2,017

2,229

2,318

2,255

8,819

2,245

2,272

2,155

2,415

9,087

Acquired software

560

503

453

490

2,006

606

353

267

221

1,447

198

199

198

199

794

Software services, maintenance and subscriptions

13,282

14,565

14,090

14,955

56,892

17,193

18,662

18,450

18,304

72,609

19,980

20,029

20,238

20,367

80,614

Appraisal services

4,748

5,139

5,422

5,966

21,275

6,332

4,895

4,432

4,473

20,132

4,312

3,706

3,027

3,143

14,188

Hardware and other

1,107

1,049

851

837

3,844

1,095

1,377

1,315

1,638

5,425

1,009

929

866

1,483

4,287

Total cost of revenues

21,241

22,775

22,857

23,754

90,627

27,243

27,516

26,782

26,891

108,432

27,744

27,135

26,484

27,607

108,970

Gross profit

11,084

13,360

15,017

15,366

54,827

14,219

16,747

15,029

17,843

63,838

12,915

16,050

15,822

16,700

61,487

Selling, general and administrative expenses

8,823

9,764

9,411

9,249

37,247

9,959

10,803

10,679

11,491

42,932

11,214

10,727

10,899

10,981

43,821

Research and development expense

278

297

267

301

1,143

568

609

633

709

2,519

730

536

546

609

2,421

Amortization of customer and trade name intangibles

225

222

227

251

925

316

317

316

318

1,267

317

316

317

316

1,266

Operating income (loss)

1,758

3,077

5,112

5,565

15,512

3,376

5,018

3,401

5,325

17,120

654

3,211

4,060

4,794

12,719

Other income (expense), net

9

137

141

52

339

102

41

138

36

317

146

233

224

303

906

Income (loss) from continuing operations

before income taxes

25,000

3,214

5,253

5,617

39,084

3,478

5,059

3,539

5,361

17,437

800

3,444

4,284

5,097

13,625

Income tax provision (benefit)

7,704

1,233

2,020

2,149

13,106

1,387

2,084

1,507

2,331

7,309

330

1,423

1,703

1,976

5,432

Income (loss) from continuing operations

17,296

1,981

3,233

3,468

25,978

2,091

2,975

2,032

3,030

10,128

470

2,021

2,581

3,121

8,193

Net income (loss)

$

17,296

$

1,981

$

3,233

$

3,892

$

26,402

$

2,091

$

2,975

$

2,032

$

3,030

$

10,128

$

470

$

2,021

$

2,581

$

3,121

$

8,193

Basic earnings (loss) per common share:

Net income (loss) per common share

$

0.38

$

0.05

$

0.08

$

0.10

$

0.62

$

0.05

$

0.07

$

0.05

$

0.07

$

0.25

$

0.01

$

0.05

$

0.07

$

0.08

$

0.21

Diluted earnings (loss) per common share:

Net income (loss) per common share

$

0.36

$

0.04

$

0.07

$

0.09

$

0.59

$

0.05

$

0.07

$

0.05

$

0.07

$

0.23

$

0.01

$

0.05

$

0.06

$

0.07

$

0.19

Weighted average common shares outstanding:

Basic

45,951

42,881

40,464

40,970

42,547

41,468

41,420

41,307

40,966

41,288

40,229

39,615

39,104

38,829

39,439

Diluted

47,738

44,796

43,181

44,502

45,035

45,062

44,803

44,350

44,056

44,566

42,735

41,943

41,771

41,869

42,075

Gross Margin

34.3%

37.0%

39.6%

39.3%

37.7%

34.3%

37.8%

35.9%

39.9%

37.1%

31.8%

37.2%

37.4%

37.7%

36.1%

Operating Margin

5.4%

8.5%

13.5%

14.2%

10.7%

8.1%

11.3%

8.1%

11.9%

9.9%

1.6%

7.4%

9.6%

10.8%

7.5%

Tyler Technologies, Inc.

Quarterly Statements of Operations

As of September 30, 2020

(in thousands, except per share data)

Amounts reported under ASC 605

Amounts reported under ASC 606

AS REPORTED UNDER ASC 605

1Q06

2Q06

3Q06

4Q06

FY2006

1Q07

2Q07

3Q07

4Q07

FY2007

1Q08

2Q08

3Q08

4Q08

FY2008

Revenues:

Software licenses and royalties

$

7,532

$

9,779

$

10,378

$

9,558

$

37,247

$

7,932

$

8,354

$

8,145

$

10,632

$

35,063

$

8,369

$

11,905

$

11,372

$

9,844

$

41,490

Subscriptions

1,628

1,673

1,882

2,115

7,298

2,245

2,468

2,559

3,134

10,406

3,265

3,712

3,526

3,871

14,374

Software services

11,635

13,538

12,761

12,927

50,861

12,949

15,392

15,872

16,070

60,283

16,525

19,848

18,600

20,024

74,997

Maintenance

17,657

17,716

18,847

19,193

73,413

19,939

20,455

22,132

22,885

85,411

24,849

25,900

28,353

28,356

107,458

Appraisal services

4,699

5,108

4,920

5,028

19,755

5,580

6,007

4,927

4,804

21,318

4,582

4,378

5,289

4,849

19,098

Hardware and other

1,707

1,337

1,351

2,334

6,729

1,687

1,436

1,297

2,895

7,315

1,761

1,826

1,497

2,600

7,684

Total revenues

44,858

49,151

50,139

51,155

195,303

50,332

54,112

54,932

60,420

219,796

59,351

67,569

68,637

69,544

265,101

Cost of revenues:

Software licenses

2,672

2,413

2,497

2,386

9,968

1,958

1,974

1,886

2,135

7,953

2,203

2,564

2,071

2,386

9,224

Acquired software

301

353

353

353

1,360

394

427

427

1,031

2,279

436

461

472

430

1,799

Software services, maintenance and subscriptions

21,812

23,019

22,718

23,052

90,601

24,643

26,239

26,795

27,316

104,993

30,444

31,123

31,988

32,692

126,247

Appraisal services

3,406

3,454

3,386

3,317

13,563

3,996

4,096

3,248

3,127

14,467

3,167

3,004

3,098

2,982

12,251

Hardware and other

1,205

966

1,028

1,808

5,007

1,319

1,039

946

2,375

5,679

1,298

1,328

1,058

2,109

5,793

Total cost of revenues

29,396

30,205

29,982

30,916

120,499

32,310

33,775

33,302

35,984

135,371

37,548

38,480

38,687

40,599

155,314

Gross profit

15,462

18,946

20,157

20,239

74,804

18,022

20,337

21,630

24,436

84,425

21,803

29,089

29,950

28,945

109,787

Selling, general and administrative expenses

10,976

12,181

12,421

12,812

48,390

12,976

12,781

12,691

13,276

51,724

14,752

15,418

15,985

16,768

62,923

Research and development expense

902

812

780

827

3,321

1,223

1,404

639

1,177

4,443

1,816

2,253

1,416

1,801

7,286

Amortization of customer and trade name intangibles

322

325

326

345

1,318

347

356

372

403

1,478

567

591

612

668

2,438

Operating income (loss)

3,262

5,628

6,630

6,255

21,775

3,476

5,796

7,928

9,580

26,780

4,668

1,782

11,937

9,708

28,095

Other income (expense), net

97

200

306

477

1,080

447

364

441

548

1,800

402

244

398

137

1,181

Income (loss) from continuing operations

before income taxes

3,359

5,828

6,936

6,732

22,855

3,923

6,160

8,369

10,128

28,580

5,070

2,026

12,335

9,845

29,276

Income tax provision (benefit)

1,347

2,068

2,523

2,555

8,493

1,522

2,410

3,209

3,938

11,079

1,944

1,780

5,976

4,714

14,414

Income (loss) from continuing operations

2,012

3,760

4,413

4,177

14,362

2,401

3,750

5,160

6,190

17,501

3,126

246

6,359

5,131

14,862

Net income (loss)

$

2,012

$

3,760

$

4,413

$

4,177

$

14,362

$

2,401

$

3,750

$

5,160

$

6,190

$

17,501

$

3,126

$

246

$

6,359

$

5,131

$

14,862

Basic earnings (loss) per common share:

Net income (loss) per common share

$

0.05

$

0.10

$

0.11

$

0.11

$

0.37

$

0.06

$

0.10

$

0.13

$

0.16

$

0.45

$

0.08

$

0.01

$

0.17

$

0.14

$

0.39

Diluted earnings (loss) per common share:

Net income (loss) per common share

$

0.05

$

0.09

$

0.11

$

0.10

$

0.34

$

0.06

$

0.09

$

0.12

$

0.15

$

0.42

$

0.08

$

0.01

$

0.16

$

0.14

$

0.38

Weighted average common shares outstanding:

Basic

39,114

39,026

38,705

38,851

38,817

38,813

38,540

38,688

38,757

38,735

38,020

38,058

38,474

36,323

37,714

Diluted

41,894

41,946

41,898

42,163

41,868

42,066

41,448

41,395

40,358

41,352

39,527

39,603

40,019

37,604

39,184

Gross Margin

34.5%

38.5%

40.2%

39.6%

38.3%

35.8%

37.6%

39.4%

40.4%

38.4%

36.7%

43.1%

43.6%

41.6%

41.4%

Operating Margin

7.3%

11.5%

13.2%

12.2%

11.1%

6.9%

10.7%

14.4%

15.9%

12.2%

7.9%

2.6%

17.4%

14.0%

10.6%

Tyler Technologies, Inc.

Quarterly Statements of Operations

As of September 30, 2020

(in thousands, except per share data)

Amounts reported under ASC 605

Amounts reported under ASC 606

1Q09

2Q09

3Q09

4Q09

FY2009

1Q10

2Q10

3Q10

4Q10

FY2010

1Q11

2Q11

3Q11

4Q11

FY2011

Revenues:

Software licenses and royalties

$

10,756

$

9,912

$

10,167

$

11,296

$

42,131

$

8,449

$

8,735

$

9,260

$