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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	544.24	542.38	514.58	474.74	461.04	382.9
Revenue Growth (YoY)	3.84%	5.40%	8.39%	2.97%	20.41%	17.57%
Cost of Revenue	303.03	304.27	294.99	274.57	273.19	226.93
Gross Profit	241.21	238.11	219.59	200.16	187.84	155.97
Selling, General & Admin	88.63	85.96	76.65	75.02	76.34	68.03
Research & Development	66.06	66.3	63.48	58.66	54.01	41.36
Operating Expenses	154.68	152.26	140.13	133.67	130.36	109.39
Operating Income	86.52	85.85	79.47	66.49	57.49	46.58
Interest Expense	-	-	-	-1.43	-2.91	-3.92
Interest & Investment Income	5.7	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	90.74	89.83	77.72	64.09	57.29	42.78
Merger & Restructuring Charges	-	-	-0.6	-	-	-1.58
Other Unusual Items	-	-	-	1.47	-	-
Pretax Income	90.74	89.83	77.12	65.55	57.29	41.2
Income Tax Expense	17.89	17.51	14.25	12.62	9.96	7.04
Earnings From Continuing Operations	72.85	72.32	62.87	52.93	47.32	34.16
Minority Interest in Earnings	-0.1	-0.14	-0.42	-0.34	-0.15	-0.38
Net Income	72.76	72.18	62.44	52.6	47.17	33.78
Net Income to Common	72.76	72.18	62.44	52.6	47.17	33.78
Net Income Growth	10.89%	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)	0.61%	0.78%	0.27%	-0.04%	6.58%	2.97%
EPS (Basic)	1.30	1.29	1.13	0.95	0.86	0.66
EPS (Diluted)	1.30	1.29	1.12	0.95	0.85	0.65
EPS Growth	11.11%	15.18%	17.89%	11.77%	30.77%	25.00%
Free Cash Flow	86.31	79.35	76.85	41.02	76.76	55.62
Free Cash Flow Per Share	1.54	1.41	1.38	0.74	1.38	1.07
Dividend Per Share	-	0.590	0.540	0.480	0.470	0.510
Dividend Growth	-	9.26%	12.50%	2.13%	-7.84%	-
Gross Margin	44.32%	43.90%	42.67%	42.16%	40.74%	40.73%
Operating Margin	15.90%	15.83%	15.44%	14.01%	12.47%	12.16%
Profit Margin	13.37%	13.31%	12.13%	11.08%	10.23%	8.82%
Free Cash Flow Margin	15.86%	14.63%	14.94%	8.64%	16.65%	14.53%
EBITDA	99.69	99.8	95.13	82.89	78.48	63.41
EBITDA Margin	18.32%	18.40%	18.49%	17.46%	17.02%	16.56%
D&A For EBITDA	13.16	13.95	15.66	16.4	20.99	16.83
EBIT	86.52	85.85	79.47	66.49	57.49	46.58
EBIT Margin	15.90%	15.83%	15.44%	14.01%	12.47%	12.16%
Effective Tax Rate	19.71%	19.49%	18.48%	19.25%	17.39%	17.09%

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q