Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 18

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 18
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 most directly comparable financial measures calculated and presented in accordance with GAAP.

(2)Revenues per WSEE per month are comprised of gross billings per WSEE per month less WSEE payroll costs per WSEE per month as follows:

Three Months Ended June 30,Six Months Ended June 30,(per WSEE per month)2025202420252024Gross billings$11,385 $11,251 $12,302 $11,920 Less: WSEE payroll cost9,597 9,508 10,394 10,061 Revenues$1,788 $1,743 $1,908 $1,859 

Insperity | 2025 Second Quarter Form 10-Q21

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

Key Operating Metrics

We monitor certain key metrics to measure our performance, including:

•WSEEs

•Adjusted EBITDA

•Adjusted EPS

Our growth in the number of WSEEs paid is affected by three primary sources: new client sales, client retention and the net change in WSEEs paid at existing clients through new hires and employee terminations.

•During Q2 2025, average WSEEs paid increased 1% compared to Q2 2024. The number of WSEEs paid from new client sales and the net change in our client base increased compared with Q2 2024, while client retention remained consistent with Q2 2024.

•During the first six months of 2025 (“YTD 2025”), average WSEEs paid increased 1% compared to the first six months of 2024 (“YTD 2024”). The number of WSEEs paid from new client sales, client retention, and the net change in our client base increased when compared to YTD 2024.

Average WSEEs Paid and

Year-over-Year Growth Percentage

Insperity | 2025 Second Quarter Form 10-Q22

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

Net Income (Loss) and

Year-over-Year Growth Percentage

(in millions)

Adjusted EBITDA andYear-over-Year Growth Percentage(in millions)

Insperity | 2025 Second Quarter Form 10-Q23

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

EPS andYear-over-Year Growth Percentage