Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Tyler Technologies reported a busy and productive second quarter of 2026, marked by strategic initiatives including an investor day unveiling updated 2030 targets, a convertible debt offering to enhance financial flexibility, significant share repurchases, and the acquisition of For The Record, which is expected to strengthen the company’s presence in the Courts & Justice market.</li><li>Operationally, the company delivered a 21.7% increase in SaaS revenue, record SaaS bookings, record total bookings, and record second-quarter free cash flow.</li><li>Demand from the public sector remains robust, driven by ongoing digital transformation needs in government, including cybersecurity, operational efficiency, and constituent engagement.</li></ul>

Tyler Technologies reported a busy and productive second quarter of 2026, marked by strategic initiatives including an investor day unveiling updated 2030 targets, a convertible debt offering to enhance financial flexibility, significant share repurchases, and the acquisition of For The Record, which is expected to strengthen the company’s presence in the Courts & Justice market.Operationally, the company delivered a 21.7% increase in SaaS revenue, record SaaS bookings, record total bookings, and record second-quarter free cash flow.Demand from the public sector remains robust, driven by ongoing digital transformation needs in government, including cybersecurity, operational efficiency, and constituent engagement.

Tyler Technologies' 21.7% SaaS Surge: Is The Cloud Tipping Point Near?

Quality-first, Business-perspective, Long-term, Urbem (HK) Limited

Urbem Capital

Quality-first, Business-perspective, Long-term

Quality-first, Business-perspective Strategy

Urbem (HK) Limited

<ul>
<li>From energy drinks to a 19th-century land trust, ten different stocks turned USD 1 into over USD 300 from 2001 to mid-2025, versus USD 7.7 for the S&amp;P 1500.</li>
<li>Five conditions explain their compounding: a long runway, self-funding growth, pricing power, scale that improved the business, and per-share discipline, guided by owner-minded leaders.</li>
<li>The next pre-giants show improving rather than already-high returns, gross margin rising first, and a label the market still gets wrong; our screen sets out what to test.</li>
</ul>


From energy drinks to a 19th-century land trust, ten different stocks turned USD 1 into over USD 300 from 2001 to mid-2025, versus USD 7.7 for the S&amp;P 1500.
Five conditions explain their compounding: a long runway, self-funding growth, pricing power, scale that improved the business, and per-share discipline, guided by owner-minded leaders.
The next pre-giants show improving rather than already-high returns, gross margin rising first, and a label the market still gets wrong; our screen sets out what to test.


Before They Were Giants: What Ten 300-Baggers Shared, and How to Spot the Next One

<ul><li>Tyler Technologies reported a first quarter 2026 that demonstrated growth in key financial metrics, highlighting trends in recurring revenue, free cash flow, and strategic positioning that provide insight into the company’s operational dynamics and market opportunities.</li><li>Total and recurring revenues each achieved record levels in the quarter, supported by strong public sector demand and a growing pipeline across cloud offerings, AI-integrated applications, and transactional solutions.</li><li>Free cash flow more than doubled compared to the prior year’s first quarter, largely driven by working capital improvements, including strong accounts receivable collections, along with operating margin enhancements and modestly lower capital expenditures.</li></ul>

Tyler Technologies reported a first quarter 2026 that demonstrated growth in key financial metrics, highlighting trends in recurring revenue, free cash flow, and strategic positioning that provide insight into the company’s operational dynamics and market opportunities.Total and recurring revenues each achieved record levels in the quarter, supported by strong public sector demand and a growing pipeline across cloud offerings, AI-integrated applications, and transactional solutions.Free cash flow more than doubled compared to the prior year’s first quarter, largely driven by working capital improvements, including strong accounts receivable collections, along with operating margin enhancements and modestly lower capital expenditures.

Tyler Technologies: A $1.5 Billion TAM Opportunity From One Acquisition Is The Buy Case Anchor!

<ul><li>Tyler Technologies delivered a solid fourth quarter, marking a resilient finish to 2025 amidst fluctuating macro conditions.</li><li>The company reported a year-over-year 6.3% revenue growth to $575.2 million, highlighting strong performance metrics, particularly in recurring revenues and free cash flow.</li><li>Recurring revenues saw an 11% increase, buoyed by SaaS revenue growth exceeding 20% and transaction-based revenue rising by 12%.</li></ul>

Tyler Technologies delivered a solid fourth quarter, marking a resilient finish to 2025 amidst fluctuating macro conditions.The company reported a year-over-year 6.3% revenue growth to $575.2 million, highlighting strong performance metrics, particularly in recurring revenues and free cash flow.Recurring revenues saw an 11% increase, buoyed by SaaS revenue growth exceeding 20% and transaction-based revenue rising by 12%.

Why Tyler Technologies’ SaaS Engine Is Gaining Speed—Pipeline Strength and Execution Matter!

<ul><li>Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year.</li><li>This growth was driven by a 20% increase in SaaS revenue and an 11.5% rise in transaction revenue.</li><li>The company has maintained a steady pipeline of business, supported by stable RFP and demo activities, suggesting a resilient demand in the public sector for Tyler's solutions.</li></ul>

Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year.This growth was driven by a 20% increase in SaaS revenue and an 11.5% rise in transaction revenue.The company has maintained a steady pipeline of business, supported by stable RFP and demo activities, suggesting a resilient demand in the public sector for Tyler's solutions.

Tyler Technologies Snaps Up CloudGavel—What’s The Real Play Here?

United States

Tyler Technologies, Inc. provides end-to-end information management solutions and services for local governments. The Company's client base includes local government offices throughout the United States, Canada, Puerto Rico, and the United Kingdom.

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Tyler Technologies (TYL US)

Tyler Technologies' 21.7% SaaS Surge: Is The Cloud Tipping Point Near?

Tyler Technologies reported a busy and productive second quarter of 2026, marked by strategic initiatives including an investor day unveiling...

Baptista Research

Before They Were Giants: What Ten 300-Baggers Shared, and How to Spot the Next One

An energy drink, a freight carrier and a 19th-century land trust beat the market by hundreds of times. The traits they shared were visible earlier...

Urbem Capital

Tyler Technologies: A $1.5 Billion TAM Opportunity From One Acquisition Is The Buy Case Anchor!

Tyler Technologies reported a first quarter 2026 that demonstrated growth in key financial metrics, highlighting trends in recurring revenue, free...

Baptista Research

Why Tyler Technologies’ SaaS Engine Is Gaining Speed—Pipeline Strength and Execution Matter!

Tyler Technologies delivered a solid fourth quarter, marking a resilient finish to 2025 amidst fluctuating macro conditions. The company reported...

Baptista Research

Tyler Technologies Snaps Up CloudGavel—What’s The Real Play Here?

Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year. This growth was driven by a 20%...

Baptista Research

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