TRINET GROUP, INC.

For the period ended Jun 30, 2025. Filed Jul 25, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 25, 2025

TNET$64.63-3.0%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

FINANCIAL STATEMENTS	Table of Contents

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

	June 30,	December 31,
(in millions, except share and per share data)	2025	2024
Assets
Current assets:
Cash and cash equivalents	$407	$360
Restricted cash, cash equivalents and investments	1,101	1,413
Accounts receivable, net	12	32
Payroll funds receivable	487	349
Prepaid expenses, net	50	64
Other payroll assets	660	916
Other current assets	45	46
Total current assets	2,762	3,180
Restricted cash, cash equivalents and investments, noncurrent	124	145
Property and equipment, net	10	10
Operating lease right-of-use asset	39	24
Goodwill	461	461
Software and other intangible assets, net	148	156
Other assets	144	143
Total assets	$3,688	$4,119
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities	$85	$89
Revolving credit agreement borrowings	90	75
Client deposits and other client liabilities	41	76
Accrued wages	562	580
Accrued health insurance costs, net	191	189
Accrued workers' compensation costs, net	46	44
Payroll tax liabilities and other payroll withholdings	1,484	1,906
Operating lease liabilities	3	13
Insurance premiums and other payables	6	9
Total current liabilities	2,508	2,981
Long-term debt, noncurrent	894	908
Accrued workers' compensation costs, noncurrent, net	109	110
Deferred taxes	10	11
Operating lease liabilities, noncurrent	48	26
Other non-current liabilities	12	14
Total liabilities	3,581	4,050
Commitments and contingencies (see Note 5)
Stockholders' equity:
Preferred stock	—	—
($0.000025 par value per share; 20,000,000 shares authorized; no shares issued or outstanding at June 30, 2025 and December 31, 2024)
Common stock and additional paid-in capital	1,095	1,056
($0.000025 par value per share; 750,000,000 shares authorized; 48,588,214 and 49,527,506 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively)
Accumulated deficit	(988)	(984)
Accumulated other comprehensive loss	—	(3)
Total stockholders' equity	107	69
Total liabilities & stockholders' equity	$3,688	$4,119

TRINET	30	2025 Q2 FORM 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.