INSPERITY, INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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.
Sep 30, 2025 · Filed Nov 4, 2025
NSP$49.41-0.8%Stored close · as of Nov 9, 2026
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Financial Statements Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $422 | $1,039 |
| Restricted cash | 79 | 69 |
| Marketable securities | 18 | 16 |
| Accounts receivable, net | 894 | 829 |
| Prepaid insurance and related assets | 17 | 25 |
| Income taxes receivable | 35 | — |
| Funds held for clients and other current assets | 89 | 107 |
| Total current assets | 1,554 | 2,085 |
| Property and equipment, net of accumulated depreciation | 180 | 192 |
| Right-of-use (“ROU”) leased assets | 65 | 65 |
| Prepaid health insurance | 9 | 9 |
| Deposits – health insurance | 8 | 8 |
| Deposits – workers’ compensation | 147 | 178 |
| Goodwill and other intangible assets, net | 13 | 13 |
| Deferred income taxes, net | 3 | 34 |
| Other assets | 33 | 13 |
| Total assets | $2,012 | $2,597 |
| Liabilities and stockholders' equity | ||
| Accounts payable | $8 | $10 |
| Payroll taxes and other payroll deductions payable | 334 | 901 |
| Accrued worksite employee payroll costs | 774 | 730 |
| Accrued health insurance costs | 31 | 19 |
| Accrued workers’ compensation costs | 81 | 71 |
| Accrued corporate payroll and commissions | 74 | 82 |
| Income taxes payable | — | 18 |
| Client funds liability and other accrued liabilities | 80 | 99 |
| Total current liabilities | 1,382 | 1,930 |
| Accrued workers’ compensation costs, net of current | 107 | 135 |
| Long-term debt | 369 | 369 |
| Operating lease liabilities, net of current | 67 | 66 |
| Total noncurrent liabilities | 543 | 570 |
| Common stock | 1 | 1 |
| Additional paid-in capital | 244 | 222 |
| Treasury stock, at cost | (852) | (864) |
| Retained earnings | 694 | 738 |
| Total stockholders' equity | 87 | 97 |
| Total liabilities and stockholders’ equity | $2,012 | $2,597 |
| Insperity | 2025 Third Quarter Form 10-Q | 6 |
|---|
FINANCIAL STATEMENTS (Unaudited)
CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenues | $1,623 | $1,561 | $5,144 | $4,968 |
| Payroll taxes, benefits and workers’ compensation costs | 1,428 | 1,332 | 4,416 | 4,134 |
| Gross profit | 195 | 229 | 728 | 834 |
| Salaries, wages and payroll taxes | 125 | 127 | 396 | 393 |
| Stock-based compensation | 16 | 17 | 47 | 47 |
| Commissions | 13 | 11 | 34 | 34 |
| Advertising | 10 | 9 | 28 | 28 |
| General and administrative expenses | 45 | 53 | 154 | 167 |
| Depreciation and amortization | 11 | 11 | 33 | 33 |
| Total operating expenses | 220 | 228 | 692 | 702 |
| Operating income (loss) | (25) | 1 | 36 | 132 |
| Other income (expense): | ||||
| Interest income | 7 | 9 | 24 | 28 |
| Interest expense | (6) | (7) | (18) | (21) |
| Income (loss) before income tax (benefit) expense | (24) | 3 | 42 | 139 |
| Income tax (benefit) expense | (4) | — | 16 | 39 |
| Net income (loss) | $(20) | $3 | $26 | $100 |
| Net income (loss) per share of common stock | ||||
| Basic | $(0.53) | $0.07 | $0.69 | $2.65 |
| Diluted | $(0.53) | $0.07 | $0.69 | $2.63 |
| Insperity | 2025 Third Quarter Form 10-Q | 7 |
|---|
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