Sapiens Interntl Financials

SPNS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Sapiens Interntl (SPNS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 71/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Sapiens Interntl has an operating margin of 15.8%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is up from 15.3% the prior year.

Growth

Sapiens Interntl's revenue grew 5.4% year-over-year to $542.4M, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

100

Sapiens Interntl carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.24, Sapiens Interntl holds $2.24 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

Sapiens Interntl converts 14.6% of revenue into free cash flow ($79.3M). This strong cash generation earns a score of 73/100.

Returns

Sapiens Interntl's ROE of 15.0% shows moderate profitability relative to equity, earning a score of 60/100. This is up from 14.0% the prior year.

Altman Z-Score Safe

8.71

Sapiens Interntl scores 8.71, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($212.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

8/9

Sapiens Interntl passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.14x

For every $1 of reported earnings, Sapiens Interntl generates $1.14 in operating cash flow ($82.2M OCF vs $72.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

15.7x

Sapiens Interntl earns $15.7 in operating income for every $1 of interest expense ($85.8M vs $5.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Revenue

$542.4M

YoY+5.4%

5Y CAGR+10.7%

10Y CAGR+13.2%

Sapiens Interntl generated $542.4M in revenue in fiscal year 2024. This represents an increase of 5.4% from the prior year.

EBITDA

$90.2M

YoY+9.0%

5Y CAGR+9.6%

10Y CAGR+14.3%

Sapiens Interntl's EBITDA was $90.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.0% from the prior year.

Free Cash Flow

$79.3M

YoY+3.2%

5Y CAGR+7.7%

10Y CAGR+14.7%

Sapiens Interntl generated $79.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 3.2% from the prior year.

Net Income

$72.2M

YoY+15.6%

5Y CAGR+22.4%

10Y CAGR+17.4%

Sapiens Interntl reported $72.2M in net income in fiscal year 2024. This represents an increase of 15.6% from the prior year.

EPS (Diluted)

$1.29

YoY+15.2%

5Y CAGR+19.9%

10Y CAGR+15.7%

Sapiens Interntl earned $1.29 per diluted share (EPS) in fiscal year 2024. This represents an increase of 15.2% from the prior year.

Cash & Debt

$163.7M

YoY+29.2%

5Y CAGR+19.8%

10Y CAGR+13.2%

Sapiens Interntl held $163.7M in cash against $19.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

56M

YoY+0.3%

5Y CAGR+2.2%

10Y CAGR+1.6%

Sapiens Interntl had 56M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.

Gross Margin

43.9%

YoY+1.2pp

5Y CAGR+4.1pp

10Y CAGR+6.8pp

Sapiens Interntl's gross margin was 43.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin

15.8%

YoY+0.5pp

5Y CAGR+4.2pp

10Y CAGR+6.4pp

Sapiens Interntl's operating margin was 15.8% in fiscal year 2024, reflecting core business profitability. This is up 0.5 percentage points from the prior year.

Net Margin

13.3%

YoY+1.2pp

5Y CAGR+5.2pp

10Y CAGR+4.1pp

Sapiens Interntl's net profit margin was 13.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.

Return on Equity

15.0%

YoY+1.1pp

5Y CAGR+3.3pp

10Y CAGR+6.9pp

Sapiens Interntl's ROE was 15.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.

R&D Spending

$66.3M

YoY+4.5%

5Y CAGR+12.1%

10Y CAGR+19.3%

Sapiens Interntl invested $66.3M in research and development in fiscal year 2024. This represents an increase of 4.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.9M

YoY+11.8%

5Y CAGR-24.2%

10Y CAGR+7.0%

Sapiens Interntl invested $2.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 11.8% from the prior year.

SPNS Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$542.4M+5.4%	$514.6M+8.4%	$474.7M+3.0%	$461.0M+20.4%	$382.9M+17.6%	$325.7M
Cost of Revenue	$304.3M+3.1%	$295.0M+7.4%	$274.6M+0.5%	$273.2M+20.4%	$226.9M+15.7%	$196.2M
Gross Profit	$238.1M+8.4%	$219.6M+9.7%	$200.2M+6.6%	$187.8M+20.4%	$156.0M+20.4%	$129.5M
R&D Expenses	$66.3M+4.5%	$63.5M+8.2%	$58.7M+8.6%	$54.0M+30.6%	$41.4M+10.6%	$37.4M
SG&A Expenses	$86.0M+11.3%	$77.3M+3.0%	$75.0M-1.7%	$76.3M+9.7%	$69.6M+28.3%	$54.3M
Operating Income	$85.8M+8.9%	$78.9M+18.6%	$66.5M+15.7%	$57.5M+27.7%	$45.0M+18.8%	$37.9M
Interest Expense	$5.5M+85.6%	$2.9M+306.4%	-$1.4M+50.9%	-$2.9M	N/A	N/A
Income Tax	$17.5M+22.8%	$14.3M+12.9%	$12.6M+26.6%	$10.0M+41.5%	$7.0M-18.2%	$8.6M
Net Income	$72.2M+15.6%	$62.4M+18.7%	$52.6M+11.5%	$47.2M+39.7%	$33.8M+28.7%	$26.2M
EPS (Diluted)	$1.29+15.2%	$1.12+17.9%	$0.95+11.8%	$0.85+30.8%	$0.65+25.0%	$0.52

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q2'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPNS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$691.7M+0.3%	$689.6M+3.2%	$668.3M-6.5%	$715.0M+0.1%	$714.2M+57.9%	$452.4M
Current Assets	$335.1M+6.4%	$314.9M+10.4%	$285.3M-5.0%	$300.3M+12.3%	$267.4M+81.6%	$147.2M
Cash & Equivalents	$163.7M+29.2%	$126.7M-20.9%	$160.3M-15.7%	$190.2M+24.7%	$152.6M+130.1%	$66.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$58.8M-2.1%	$60.0M+2.5%	$58.6M+8.5%	$54.0M+11.0%	$48.6M+40.5%	$34.6M
Goodwill	$251.5M-1.9%	$256.3M+1.6%	$252.2M-3.4%	$261.1M-1.2%	$264.3M+54.8%	$170.7M
Total Liabilities	$212.1M-12.5%	$242.4M-9.5%	$267.8M-13.2%	$308.4M-7.2%	$332.5M+45.4%	$228.6M
Current Liabilities	$149.6M+0.3%	$149.1M+2.2%	$146.0M-3.8%	$151.7M+4.8%	$144.8M+38.0%	$104.9M
Long-Term Debt	$19.8M-49.9%	$39.5M-33.3%	$59.3M-25.0%	$79.0M-20.0%	$98.7M+67.7%	$58.9M
Total Equity	$479.6M+7.2%	$447.3M+11.7%	$400.5M-1.5%	$406.5M+6.5%	$381.7M+70.5%	$223.8M
Retained Earnings	$160.2M+33.7%	$119.9M+40.1%	$85.6M+19.6%	$71.6M+60.3%	$44.6M+149.2%	$17.9M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q2'20	Q4'19	Q4'18
Total Assets	$691.7M+0.3%	$689.6M+3.2%	$668.3M-6.5%	$715.0M+0.1%	$714.2M+35.4%	$527.3M+16.5%	$452.4M+19.4%	$378.9M
Current Assets	$335.1M+6.4%	$314.9M+10.4%	$285.3M-5.0%	$300.3M+12.3%	$267.4M+33.7%	$200.0M+35.8%	$147.2M+13.2%	$130.0M
Cash & Equivalents	$163.7M+29.2%	$126.7M-20.9%	$160.3M-15.7%	$190.2M+24.7%	$152.6M+19.2%	$128.0M+93.0%	$66.3M+2.6%	$64.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$58.8M-2.1%	$60.0M+2.5%	$58.6M+8.5%	$54.0M+11.0%	$48.6M+5.8%	$45.9M+32.7%	$34.6M-11.1%	$39.0M
Goodwill	$251.5M-1.9%	$256.3M+1.6%	$252.2M-3.4%	$261.1M-1.2%	$264.3M+42.0%	$186.1M+9.0%	$170.7M+2.8%	$166.1M
Total Liabilities	$212.1M-12.5%	$242.4M-9.5%	$267.8M-13.2%	$308.4M-7.2%	$332.5M+13.9%	$292.0M+27.7%	$228.6M+28.6%	$177.8M
Current Liabilities	$149.6M+0.3%	$149.1M+2.2%	$146.0M-3.8%	$151.7M+4.8%	$144.8M+16.7%	$124.1M+18.3%	$104.9M+29.4%	$81.1M
Long-Term Debt	$19.8M-49.9%	$39.5M-33.3%	$59.3M-25.0%	$79.0M-20.0%	$98.7M+0.2%	$98.4M+67.3%	$58.9M-14.2%	$68.6M
Total Equity	$479.6M+7.2%	$447.3M+11.7%	$400.5M-1.5%	$406.5M+6.5%	$381.7M+62.2%	$235.3M+5.1%	$223.8M+11.3%	$201.0M
Retained Earnings	$160.2M+33.7%	$119.9M+40.1%	$85.6M+19.6%	$71.6M+60.3%	$44.6M+65.5%	$27.0M+50.6%	$17.9M+569.9%	$2.7M

SPNS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$82.2M+3.5%	$79.4M+81.4%	$43.8M-45.6%	$80.5M+38.3%	$58.3M-11.9%	$66.2M
Capital Expenditures	$2.9M+11.8%	$2.6M-6.6%	$2.8M-27.2%	$3.8M+43.8%	$2.6M-77.1%	$11.5M
Free Cash Flow	$79.3M+3.2%	$76.9M+87.3%	$41.0M-46.6%	$76.8M+38.0%	$55.6M+1.7%	$54.7M
Investing Cash Flow	$13.4M+118.4%	-$72.8M-485.0%	-$12.4M-10052.0%	$125K+100.1%	-$127.8M-205.2%	-$41.9M
Financing Cash Flow	-$56.3M-29.9%	-$43.3M+25.8%	-$58.4M-46.1%	-$40.0M-125.5%	$156.5M+857.8%	-$20.7M
Dividends Paid	$31.8M+13.1%	$28.1M-27.0%	$38.6M+90.5%	$20.3M	N/A	$11.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q2'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPNS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	43.9%+1.2pp	42.7%+0.5pp	42.2%+1.4pp	40.7%0.0pp	40.7%+1.0pp	39.8%
Operating Margin	15.8%+0.5pp	15.3%+1.3pp	14.0%+1.5pp	12.5%+0.7pp	11.8%+0.1pp	11.6%
Net Margin	13.3%+1.2pp	12.1%+1.1pp	11.1%+0.8pp	10.2%+1.4pp	8.8%+0.8pp	8.1%
Return on Equity	15.0%+1.1pp	14.0%+0.8pp	13.1%+1.5pp	11.6%+2.8pp	8.8%-2.9pp	11.7%
Return on Assets	10.4%+1.4pp	9.0%+1.2pp	7.9%+1.3pp	6.6%+1.9pp	4.7%-1.1pp	5.8%
Current Ratio	2.24+0.1	2.11+0.2	1.95-0.0	1.98+0.1	1.85+0.4	1.40
Debt-to-Equity	0.04-0.0	0.09-0.1	0.15-0.0	0.19-0.1	0.260.0	0.26
FCF Margin	14.6%-0.3pp	14.9%+6.3pp	8.6%-8.0pp	16.7%+2.1pp	14.5%-2.3pp	16.8%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q2'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.24+0.1	2.11+0.2	1.95-0.0	1.98+0.1	1.85+0.2	1.61+0.2	1.40-0.2	1.60
Debt-to-Equity	0.04-0.0	0.09-0.1	0.15-0.0	0.19-0.1	0.26-0.2	0.42+0.2	0.26-0.1	0.34
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Alkami Technology, Inc. ALKT

$1.8B

Diebold Nixdorf DBD

$2.9B

NCR Atleos Corp NATL

$3.1B

Alarm Com Hldgs Inc ALRM

$2.3B

Doubleverify Hldgs Inc DV

$1.5B

Frequently Asked Questions

What is Sapiens Interntl's annual revenue?

Sapiens Interntl (SPNS) reported $542.4M in total revenue for fiscal year 2024. This represents a 5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Sapiens Interntl's revenue growing?

Sapiens Interntl (SPNS) revenue grew by 5.4% year-over-year, from $514.6M to $542.4M in fiscal year 2024.

Is Sapiens Interntl profitable?

Yes, Sapiens Interntl (SPNS) reported a net income of $72.2M in fiscal year 2024, with a net profit margin of 13.3%.

What is Sapiens Interntl's earnings per share (EPS)?

Sapiens Interntl (SPNS) reported diluted earnings per share of $1.29 for fiscal year 2024. This represents a 15.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Sapiens Interntl's EBITDA?

Sapiens Interntl (SPNS) had EBITDA of $90.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Sapiens Interntl have?

As of fiscal year 2024, Sapiens Interntl (SPNS) had $163.7M in cash and equivalents against $19.8M in long-term debt.

What is Sapiens Interntl's gross margin?

Sapiens Interntl (SPNS) had a gross margin of 43.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Sapiens Interntl's operating margin?

Sapiens Interntl (SPNS) had an operating margin of 15.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Sapiens Interntl's net profit margin?

Sapiens Interntl (SPNS) had a net profit margin of 13.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Sapiens Interntl's return on equity (ROE)?

Sapiens Interntl (SPNS) has a return on equity of 15.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Sapiens Interntl's free cash flow?

Sapiens Interntl (SPNS) generated $79.3M in free cash flow during fiscal year 2024. This represents a 3.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Sapiens Interntl's operating cash flow?

Sapiens Interntl (SPNS) generated $82.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Sapiens Interntl's total assets?

Sapiens Interntl (SPNS) had $691.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Sapiens Interntl's capital expenditures?

Sapiens Interntl (SPNS) invested $2.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Sapiens Interntl spend on research and development?

Sapiens Interntl (SPNS) invested $66.3M in research and development during fiscal year 2024.

How many shares does Sapiens Interntl have outstanding?

Sapiens Interntl (SPNS) had 56M shares outstanding as of fiscal year 2024.

What is Sapiens Interntl's current ratio?

Sapiens Interntl (SPNS) had a current ratio of 2.24 as of fiscal year 2024, which is generally considered healthy.

What is Sapiens Interntl's debt-to-equity ratio?

Sapiens Interntl (SPNS) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sapiens Interntl's return on assets (ROA)?

Sapiens Interntl (SPNS) had a return on assets of 10.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Sapiens Interntl's Altman Z-Score?

Sapiens Interntl (SPNS) has an Altman Z-Score of 8.71, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Sapiens Interntl's Piotroski F-Score?

Sapiens Interntl (SPNS) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Sapiens Interntl's earnings high quality?

Sapiens Interntl (SPNS) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Sapiens Interntl cover its interest payments?

Sapiens Interntl (SPNS) has an interest coverage ratio of 15.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Sapiens Interntl?

Sapiens Interntl (SPNS) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.