INSPERITY INC

For the period ended Jun 30, 2025. Filed Aug 1, 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 Aug 1, 2025

NSP$49.41-0.8%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits

Contents

Financial Statements Condensed Consolidated Balance Sheets

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)	June 30, 2025	December 31, 2024
Assets
Cash and cash equivalents	$441	$1,039
Restricted cash	76	69
Marketable securities	15	16
Accounts receivable, net	843	829
Prepaid insurance and related assets	41	25
Income taxes receivable	11	—
Funds held for clients and other current assets	90	107
Total current assets	1,517	2,085
Property and equipment, net of accumulated depreciation	182	192
Right-of-use (“ROU”) leased assets	66	65
Prepaid health insurance	9	9
Deposits – health insurance	8	8
Deposits – workers’ compensation	174	178
Goodwill and other intangible assets, net	13	13
Deferred income taxes, net	22	34
Other assets	27	13
Total assets	$2,018	$2,597
Liabilities and stockholders' equity
Accounts payable	$6	$10
Payroll taxes and other payroll deductions payable	366	901
Accrued worksite employee payroll costs	716	730
Accrued health insurance costs	57	19
Accrued workers’ compensation costs	79	71
Accrued corporate payroll and commissions	52	82
Income taxes payable	—	18
Client funds liability and other accrued liabilities	81	99
Total current liabilities	1,357	1,930
Accrued workers’ compensation costs, net of current	113	135
Long-term debt	369	369
Operating lease liabilities, net of current	67	66
Total noncurrent liabilities	549	570
Common stock	1	1
Additional paid-in capital	228	222
Treasury stock, at cost	(853)	(864)
Retained earnings	736	738
Total stockholders' equity	112	97
Total liabilities and stockholders’ equity	$2,018	$2,597

Insperity \| 2025 Second Quarter Form 10-Q	6

FINANCIAL STATEMENTS(Unaudited)

CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended June 30,		Six Months Ended June 30,
(in millions, except per share amounts)	2025	2024	2025	2024
Revenues	$1,658	$1,605	$3,521	$3,407
Payroll taxes, benefits and workers’ compensation costs	1,435	1,345	2,988	2,802
Gross profit	223	260	533	605
Salaries, wages and payroll taxes	129	126	271	266
Stock-based compensation	20	20	31	30
Commissions	10	11	21	23
Advertising	11	12	18	19
General and administrative expenses	49	57	109	114
Depreciation and amortization	11	11	22	22
Total operating expenses	230	237	472	474
Operating income (loss)	(7)	23	61	131
Other income (expense):
Interest income	7	9	17	19
Interest expense	(6)	(7)	(12)	(14)
Income (loss) before income tax (benefit) expense	(6)	25	66	136
Income tax (benefit) expense	(1)	7	20	39
Net income (loss)	$(5)	$18	$46	$97
Net income (loss) per share of common stock
Basic	$(0.14)	$0.48	$1.22	$2.58
Diluted	$(0.14)	$0.48	$1.22	$2.56

Insperity \| 2025 Second Quarter Form 10-Q	7

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.