Sapiens International Corporation N.V. (SPNS)

SPNS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	549.04	542.38	514.58	474.74	461.04	382.9
Revenue Growth (YoY)	3.08%	5.40%	8.39%	2.97%	20.41%	17.57%
Cost of Revenue	306.04	304.27	294.99	274.57	273.19	226.93
Gross Profit	242.99	238.11	219.59	200.16	187.84	155.97
Selling, General & Admin	93.48	85.96	76.65	75.02	76.34	68.03
Research & Development	68.08	66.3	63.48	58.66	54.01	41.36
Operating Expenses	161.56	152.26	140.13	133.67	130.36	109.39
Operating Income	81.44	85.85	79.47	66.49	57.49	46.58
Interest Expense	-	-	-	-1.43	-2.91	-3.92
Interest & Investment Income	5.87	5.47	2.95	-	-	-
Currency Exchange Gain (Loss)	-1.09	-1.09	-4.36	-0.83	3	0.34
Other Non Operating Income (Expenses)	-0.4	-0.4	-0.34	-0.15	-0.29	-0.22
EBT Excluding Unusual Items	85.81	89.83	77.72	64.09	57.29	42.78
Merger & Restructuring Charges	-	-	-0.6	-	-	-1.58
Other Unusual Items	-	-	-	1.47	-	-
Pretax Income	85.81	89.83	77.12	65.55	57.29	41.2
Income Tax Expense	17.19	17.51	14.25	12.62	9.96	7.04
Earnings From Continuing Operations	68.62	72.32	62.87	52.93	47.32	34.16
Minority Interest in Earnings	-0.25	-0.14	-0.42	-0.34	-0.15	-0.38
Net Income	68.37	72.18	62.44	52.6	47.17	33.78
Net Income to Common	68.37	72.18	62.44	52.6	47.17	33.78
Net Income Growth	-0.66%	15.59%	18.73%	11.50%	39.66%	28.68%
Shares Outstanding (Basic)	56	56	55	55	55	51
Shares Outstanding (Diluted)	56	56	56	56	56	52
Shares Change (YoY)	0.30%	0.78%	0.27%	-0.04%	6.58%	2.97%
EPS (Basic)	1.22	1.29	1.13	0.95	0.86	0.66
EPS (Diluted)	1.22	1.29	1.12	0.95	0.85	0.65
EPS Growth	-0.80%	15.18%	17.89%	11.77%	30.77%	25.00%
Free Cash Flow	79.29	79.35	76.85	41.02	76.76	55.62
Free Cash Flow Per Share	1.41	1.41	1.38	0.74	1.38	1.07
Dividend Per Share	0.300	0.590	0.540	0.480	0.470	0.510
Dividend Growth	-47.37%	9.26%	12.50%	2.13%	-7.84%	-
Gross Margin	44.26%	43.90%	42.67%	42.16%	40.74%	40.73%
Operating Margin	14.83%	15.83%	15.44%	14.01%	12.47%	12.16%
Profit Margin	12.45%	13.31%	12.13%	11.08%	10.23%	8.82%
Free Cash Flow Margin	14.44%	14.63%	14.94%	8.64%	16.65%	14.53%
EBITDA	96.01	99.8	95.13	82.89	78.48	63.41
EBITDA Margin	17.49%	18.40%	18.49%	17.46%	17.02%	16.56%
D&A For EBITDA	14.57	13.95	15.66	16.4	20.99	16.83
EBIT	81.44	85.85	79.47	66.49	57.49	46.58
EBIT Margin	14.83%	15.83%	15.44%	14.01%	12.47%	12.16%
Effective Tax Rate	20.03%	19.49%	18.48%	19.25%	17.39%	17.09%

Updated Aug 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q