Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 28

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 28
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 expense(4)(4)— — 16 7 39 13 Interest expense6 6 7 8 18 6 21 8 Amortization of SaaS implementation costs1 1 1 1 4 1 7 3 Depreciation and amortization11 12 11 12 33 12 33 12 EBITDA(6)(6)22 24 97 35 200 72 Stock-based compensation16 17 17 18 47 17 47 17 Adjusted EBITDA$10 $11 $39 $42 $144 $52 $247 $89 Net income (loss) % change period over period(767)%(800)%(93)%(94)%(74)%(75)%(34)%(33)%Adjusted EBITDA % change period over period(74)%(74)%(59)%(58)%(42)%(42)%(17)%(16)%

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

Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Net income (loss)$(20)$3 $26 $100 Non-GAAP adjustments:Stock-based compensation16 17 47 47 Tax effect(4)(5)(12)(13)Total non-GAAP adjustments, net12 12 35 34 Adjusted net income (loss)$(8)$15 $61 $134 Net income (loss) % change period over period(767)%(93)%(74)%(34)%Adjusted net income (loss) % change period over period(153)%(73)%(54)%(27)%

Insperity | 2025 Third 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 September 30,Nine Months Ended September 30,(amounts per share)2025202420252024Diluted EPS$(0.53)$0.07 $0.69 $2.63 Non-GAAP adjustments:Stock-based compensation0.43 0.45