Sapiens International Corporation reported third quarter 2025 revenue of $152.3 million, an increase of 11.2% compared to $137.0 million in the same period last year. GAAP net income attributable to shareholders was $14.3 million, down 22.0% from $18.3 million in Q3 2024. Non-GAAP net income was $20.5 million, a decrease of 2.7% year-over-year. GAAP diluted earnings per share were $0.25, down from $0.33, while non-GAAP diluted EPS was $0.36 compared to $0.37 in Q3 2024. Annualized recurring revenue reached $220.0 million, up 26.7% year-over-year, with 17.5% organic growth and 9.2% from recent acquisitions. The company continued to expand in all key geographic markets, with strong growth in North America and the rest of the world, and focused on AI-driven innovation and cloud adoption. Sapiens also announced its agreement to be acquired by Advent for approximately $2.5 billion.