Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 17

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 17
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 Financial Measures” for a reconciliation of adjusted EBITDA, adjusted net income, and adjusted EPS to their most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”).

Insperity | 2025 Second Quarter Form 10-Q20

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

Results of Operations

Key Financial and Statistical Data

(in millions, except per share, WSEE and statistical data)Three Months Ended June 30,Six Months Ended June 30,20252024% Change20252024% ChangeFinancial data:Revenues$1,658 $1,605 3 %$3,521 $3,407 3 %Gross profit223 260 (14)%533 605 (12)%Operating expenses230 237 (3)%472 474 — Operating income (loss)(7)23 (130)%61 131 (53)%Other income (expense), net1 2 (50)%5 5 — Net income (loss)(5)18 (128)%46 97 (53)%Diluted EPS(0.14)0.48 (129)%1.22 2.56 (52)%Non-GAAP financial measures(1):Adjusted net income$10 $33 (70)%$69 $119 (42)%Adjusted EBITDA32 66 (52)%134 208 (36)%Adjusted EPS0.26 0.86 (70)%1.83 3.13 (42)%Average WSEEs paid309,115 306,958 1 %307,569 305,431 1 %Statistical data (per WSEE per month):Revenues(2)$1,788 $1,743 3 %$1,908 $1,859 3 %Gross profit240 282 (15)%289 330 (12)%Operating expenses248 257 (4)%256 259 (1)%Operating income (loss)(8)25 (132)%33 71 (54)%Net income (loss)(5)20 (125)%25 53 (53)%

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(1)Please read “Non-GAAP Financial Measures” for a reconciliation of the non-GAAP financial measures to their