Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 28

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 28
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, except per WSEE per month)2025202420252024Per WSEEPer WSEEPer WSEEPer WSEENet income (loss)$(5)$(5)$18 $20 $46 $25 $97 $53 Income tax (benefit) expense(1)(1)7 7 20 10 39 22 Interest expense6 6 7 8 12 7 14 8 Amortization of SaaS implementation costs1 1 3 3 3 2 6 3 Depreciation and amortization11 12 11 12 22 12 22 12 EBITDA12 13 46 50 103 56 178 98 Stock-based compensation20 22 20 22 31 17 30 16 Adjusted EBITDA$32 $35 $66 $72 $134 $73 $208 $114 Net income (loss) % change period over period(128)%(125)%50 %43 %(53)%(53)%(9)%(9)%Adjusted EBITDA % change period over period(52)%(51)%29 %33 %(36)%(36)%2 %4 %

Following is a reconciliation of net income (loss) (GAAP) to adjusted net income (non-GAAP):

Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Net income (loss)$(5)$18 $46 $97 Non-GAAP adjustments:Stock-based compensation20 20 31 30 Tax effect(5)(5)(8)(8)Total non-GAAP adjustments, net15 15 23 22 Adjusted net income$10 $33 $69 $119 Net income (loss) % change period over period(128)%50 %(53)%(9)%Adjusted net income % change period over period(70)%32 %(42)%(7)%

Insperity | 2025 Second Quarter Form 10-Q35

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Following is a reconciliation of diluted EPS (GAAP) to adjusted EPS (non-GAAP):

Three Months Ended June 30,Six Months Ended June 30,(amounts per share)202