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Sapiens
(NASDAQ:SPNS)
Sapiens (SPNS) vs. SPDR S&P 500 ETF (SPY)
Sapiens Business Overview & Revenue Model
Sapiens Earnings Call Summary
Sapiens Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 564.33M | 542.38M | 514.58M | 474.74M | 461.04M | 382.90M |
| Gross Profit | 250.01M | 244.23M | 219.59M | 200.16M | 187.84M | 155.97M |
| EBITDA | 93.70M | 104.17M | 94.86M | 82.89M | 84.12M | 63.41M |
| Net Income | 64.33M | 72.18M | 62.44M | 52.59M | 47.17M | 33.77M |
Balance Sheet | ||||||
| Total Assets | 743.69M | 691.71M | 689.62M | 668.34M | 714.99M | 714.16M |
| Cash, Cash Equivalents and Short-Term Investments | 82.20M | 216.19M | 202.12M | 180.28M | 210.24M | 182.56M |
| Total Debt | 43.53M | 63.75M | 87.05M | 116.57M | 148.36M | 177.17M |
| Total Liabilities | 216.50M | 212.08M | 239.68M | 265.40M | 306.27M | 330.47M |
| Stockholders Equity | 513.47M | 479.63M | 447.27M | 400.50M | 406.55M | 381.69M |
Cash Flow | ||||||
| Free Cash Flow | 72.05M | 72.21M | 70.16M | 34.73M | 68.69M | 47.01M |
| Operating Cash Flow | 79.98M | 82.22M | 79.42M | 43.78M | 80.54M | 58.26M |
| Investing Cash Flow | -76.51M | 13.41M | -72.78M | -12.44M | 125.00K | -127.79M |
| Financing Cash Flow | -59.95M | -56.28M | -43.34M | -58.38M | -39.96M | 156.51M |
Sapiens Technical Analysis
Sapiens Risk Analysis
Sapiens Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.80B | 38.17 | 10.75% | ― | 31.41% | -40.89% | |
68 Neutral | $2.42B | 37.79 | 13.07% | 1.36% | 4.71% | -9.94% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $3.62B | ― | -0.91% | ― | 4.89% | 55.80% | |
60 Neutral | $2.13B | ― | -12.74% | ― | 30.72% | 9.70% | |
48 Neutral | $1.37B | ― | -11.64% | ― | 13.49% | -772.30% | |
43 Neutral | $1.26B | ― | -66.86% | 7.37% | -12.37% | -754.18% |
Sapiens Corporate Events
On November 13, 2025, Sapiens International Corporation announced its financial results for the third quarter of 2025, reporting a revenue increase of 11.2% year-over-year to $152 million. Despite the revenue growth, the company experienced a decline in operating income and net income compared to the previous year. The announcement highlighted the company’s strategic focus on expanding its global footprint and advancing its insurance platform. Additionally, Sapiens had previously announced an acquisition agreement with Advent, valuing the company at approximately $2.5 billion, which led to the decision to forgo the Q3 2025 earnings call.
Sapiens International Corporation announced that it will release its third-quarter 2025 financial results on November 13, 2025. Previously, on August 12, 2025, Sapiens disclosed a definitive agreement to be acquired by Advent, a global private equity investor, for $43.50 per share, valuing the company at approximately $2.5 billion. This acquisition is expected to significantly impact Sapiens’ market positioning and operational strategies, with potential implications for its stakeholders.
Sapiens International Corporation hosted its annual North America Customer Summit in Phoenix, Arizona, from October 27–29, 2025, which attracted around 540 participants from 130 insurance and partner companies. The event, themed ‘Rising Beyond Limits,’ focused on innovation and collaboration in the insurance industry, featuring keynotes and panels from industry leaders like Microsoft and Deloitte. The summit highlighted Sapiens’ commitment to driving transformation and helping insurers deliver greater value, showcasing their latest innovations and strategic roadmaps. This event underscores Sapiens’ role as a catalyst for fresh thinking and meaningful collaboration in the dynamic insurance market.
On October 28, 2025, Sapiens International Corporation announced the launch of Decision Analytics, a new module within its Sapiens Decision Platform. This module provides real-time visibility and optimization for automated decision processes, enabling enterprises to monitor, evaluate, and optimize decisions with enhanced transparency and control. The Decision Analytics module is a significant step in Sapiens’ AI roadmap, introducing capabilities that allow organizations to transform decision-execution data into actionable insights, fostering transparency and continuous improvement. This development is expected to enhance Sapiens’ industry positioning by offering enterprises tools for faster, smarter, and more adaptive business outcomes. Additionally, on August 12, 2025, Sapiens entered into a definitive agreement to be acquired by Advent for $43.50 per share, valuing the company at approximately $2.5 billion.
On October 19, 2025, Sapiens International Corporation N.V. announced the early redemption of its Series B Debentures, which are traded on the Tel Aviv Stock Exchange. The redemption, scheduled for November 10, 2025, will involve paying holders the outstanding principal and accrued interest, totaling approximately NIS 66.6 million (around US $20 million). This move will result in the delisting of the debentures from the TASE, fully discharging the company’s obligations to the debenture holders. Initially issued in 2017, the Series B Debentures were part of a shelf offering in Israel, bearing a fixed annual interest rate of 3.37% and were not offered in the United States.
On October 9, 2025, Sapiens’ AdvantageGo launched Underwriting Workbench 3.0, a significant upgrade aimed at transforming underwriting processes in the property and casualty markets of EMEA and North America. This new version introduces an intelligent business management solution with features like non-linear workflows, real-time analytics, and seamless integration with Microsoft tools, enhancing decision-making and operational efficiency for underwriters. The release is expected to strengthen Sapiens’ market position and drive expansion in the global P&C market.
On September 17, 2025, Sapiens International Corporation announced the successful completion of a major upgrade of the IDITSuite for the Medical Protection Society (MPS), a leading protection organization for healthcare professionals. The upgrade, which advanced MPS’ core suite by six versions, provides future-proof architecture, extended lifecycle support, enhanced functionality, and improved performance and security. This strategic enhancement is expected to allow MPS to react faster to industry developments, improve user experience, and reduce total cost of ownership, showcasing Sapiens’ commitment to empowering clients with robust, forward-looking solutions.
On September 10, 2025, Sapiens International Corporation announced the first implementation of its Automated Testing Services (ATS) with Encova Insurance, a multi-line mutual insurer. This deployment aims to streamline testing processes, improve software quality, and enhance operational efficiency for Encova’s workers’ compensation operations. The implementation, which began in April 2025, is expected to significantly reduce testing time and improve the consistency of software releases, allowing Encova to focus on strategic priorities. The use of Microsoft Playwright and a custom framework by Sapiens will provide Encova with personalized support and increased operational flexibility.
On September 9, 2025, Sapiens International Corporation launched an enhanced version of its CoreSuite for Property & Casualty for the North American insurance market. The new version, 13.0, features significant upgrades to claims, billing, and underwriting, aimed at improving operational efficiency and user experience. These enhancements are designed to address challenges faced by North American P&C clients, such as visibility into underwriting and integration complexities. The release is part of Sapiens’ strategy to leverage corporate investments to support customer needs, and it includes AI-powered tools for smarter underwriting and streamlined billing processes.
On August 20, 2025, Sapiens International Corporation announced that Bankers Insurance Group has chosen Sapiens CoreSuite for Property & Casualty to modernize its core systems. This strategic partnership aims to support Bankers’ growth strategy by enhancing operational efficiency and scalability, starting with builder’s risk and business owner’s policy. The transition to Sapiens’ modern platform will enable Bankers to improve service levels, reduce manual processing, and better navigate the competitive insurance market, ultimately positioning them for long-term growth.