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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenues $ 474,736 $ 461,035 $ 382,903
Cost of revenues 274,573 273,191 226,929
Gross profit 200,163 187,844 155,974
Operating expenses:      
Research and development 58,656 54,013 41,358
Selling, marketing, general and administrative 75,016 76,343 69,613
Total operating expenses 133,672 130,356 110,971
Operating income 66,491 57,488 45,003
Financial expense, net 941 202 3,805
Income before taxes on income 65,550 57,286 41,198
Taxes on income 12,619 9,964 7,041
Net income 52,931 47,322 34,157
Net income attributed to non-controlling interests 336 151 382
Net income attributable to Sapiens’ shareholders $ 52,595 $ 47,171 $ 33,775
Net earnings per share attributable to Sapiens’ shareholders      
Basic earnings per share (in Dollars per share) $ 0.95 $ 0.86 $ 0.67
Diluted earnings per share (in Dollars per share) $ 0.95 $ 0.85 $ 0.65