HIGHBuilt-inCustomer
public sector clients
“10-K Item 1A: '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.'”
TYL · Concentration risk · 10-K extracted
Tyler Technologies (TYL) concentration risks
Updated
The most significant concentration Tyler Technologies discloses is public sector clients, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Tyler Technologies’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
Amazon Web Services (AWS)
“10-K Item 1A: 'A material portion of our business is provided through software hosting services...provided by third parties, including AWS.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company derives substantially all of its revenues from sales of software and services to state, county, and city governments and other public entities, a high-share structural concentration by disclosed size. The character is structural rather than dependency: the company's entire business model is built around the public sector vertical, so this concentration reflects a deliberate strategic choice rather than an accidental over-reliance on a few buyers. The practical implication is that government budget cycles, appropriations timelines, procurement rules, and fiscal health across its customer base are the primary demand drivers. Importantly, because the customer base comprises thousands of individual government units rather than a handful of large accounts, this structural concentration does not translate into a small-number counterparty risk — loss of a single municipality or county would not be material. The technology infrastructure layer introduces a medium-share dependency. A material portion of the hosting business relies on third-party cloud providers, including AWS, meaning that a significant service disruption, pricing change, or contract renegotiation with that provider could affect the company's ability to serve its public-sector clients. This is the one idiosyncratic dependency in an otherwise structurally coherent profile. Taken together, the concentration surface is well-understood: government vertical exposure is the intended strategy, and the primary risk that could move results is cloud-provider dependency rather than any customer-side concentration.
For the engine’s reasoning on TYL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Application
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ADSK | Autodesk, Inc. | 1 | 1 | 1 | 3 |
| TYL● | Tyler Technologies, Inc. | 1 | 1 | 0 | 2 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| ADBE | Adobe Inc. | 0 | 0 | 0 | 0 |
| ADP | Automatic Data Processing, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.