TRINET GROUP, INC.

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

FINANCIAL STATEMENTS	Table of Contents

CONSOLIDATED BALANCE SHEETS

	December 31,	December 31,
(in millions, except share and per share data)	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$287	$360
Restricted cash, cash equivalents and investments	1,694	1,413
Accounts receivable, net	20	32
Payroll funds receivable	264	349
Prepaid expenses, net	82	64
Other payroll assets	474	916
Other current assets	47	46
Total current assets	2,868	3,180
Restricted cash, cash equivalents and investments, noncurrent	128	145
Property and equipment, net	11	10
Operating lease right-of-use asset	36	24
Goodwill	461	461
Software and other intangible assets, net	153	156
Other assets	140	143
Total assets	$3,797	$4,119
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities	$86	$89
Revolving credit agreement borrowings	—	75
Client deposits and other client liabilities	57	76
Accrued wages	555	580
Accrued health insurance costs, net	207	189
Accrued workers' compensation costs, net	42	44
Payroll tax liabilities and other payroll withholdings	1,671	1,906
Operating lease liabilities	10	13
Insurance premiums and other payables	9	9
Total current liabilities	2,637	2,981
Long-term debt, noncurrent	895	908
Accrued workers' compensation costs, noncurrent, net	106	110
Deferred taxes	55	11
Operating lease liabilities, noncurrent	37	26
Other non current liabilities	13	14
Total liabilities	3,743	4,050
Commitments and contingencies (see Note 9)
Stockholders' equity:
Preferred stock	—	—
($0.000025 par value per share; 20,000,000 shares authorized; no shares issued or outstanding at December 31, 2025 and 2024)
Common stock and additional paid-in capital	1,135	1,056
($0.000025 par value per share; 750,000,000 shares authorized; 47,377,950 and 49,527,506 shares issued and outstanding at December 31, 2025 and 2024, respectively)
Retained earnings (Accumulated deficit)	(1,081)	(984)
Accumulated other comprehensive loss	—	(3)
Total stockholders' equity	54	69
Total liabilities & stockholders' equity	$3,797	$4,119

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.