Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 24

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 24
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$220 $228 (4)%$235 $246 (4)%

Operating expenses for Q3 2025 decreased 4% to $220 million compared to $228 million in Q3 2024. Operating expenses per WSEE per month for Q3 2025 decreased 4% to $235 compared to $246 in Q3 2024.

•General and administrative expenses for Q3 2025 decreased 15% to $45 million, or $9 per WSEE per month, compared to Q3 2024. The decrease was primarily due to decreased professional services fees, which includes expenses related to the implementation of our Workday strategic partnership, travel and training expenses, partially offset by increases in software licensing and maintenance costs.

First Nine Months 2025 Compared to First Nine Months 2024

The following table presents certain information related to our operating expenses:

Nine Months Ended September 30,per WSEE(in millions, except per WSEE)20252024% Change20252024% ChangeSalaries$396 $393 1 %$142 $142 — Stock-based compensation47 47 — 17 17 — Commissions34 34 — 12 12 — Advertising28 28 — 10 10 — General and administrative:Amortization of SaaS implementation costs4 7 (43)%1 3 (67)%Workday SaaS licensing and implementation expense17 21 (19)%6 8 (25)%All other general and administrative133 139 (4)%48 50 (4)%Total general and administrative154 167 (8)%55 61 (10)%Depreciation and amortization33 33 — 12 12 — Total operating expenses$692 $702 (1)%$248 $254 (2)%

Operating expenses for YTD 2025 decreased 1% to $692 million compared to $702 million in YTD 2024. Operating expenses per WSEE per month for YTD 2025 decreased 2% to $248 compared to $254 in YTD 2024.

Insperity | 2025 Third Quarter Form 10-Q31

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

•General and administrative expenses for YTD 2025 decreased 8