Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 45

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 7
Chunk 45
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, excluding:•  non-cash stock-based compensation.

Insperity | 2025 Second Quarter Form 10-Q33

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

Following is a reconciliation of payroll cost (GAAP) to non-bonus payroll costs (non-GAAP):

(in millions, except per WSEE per month)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Per WSEEPer WSEEPer WSEEPer WSEEPayroll cost$8,900 $9,597 $8,756 $9,508 $19,181 $10,394 $18,437 $10,061 Less: Bonus payroll cost705 760 845 917 2,948 1,598 2,707 1,478 Non-bonus payroll cost$8,195 $8,837 $7,911 $8,591 $16,233 $8,796 $15,730 $8,583 Payroll cost % change period over period2%1%1%3%4%3%1%2%Non-bonus payroll cost % change period over period4%3%1%2%3%2%1%2%

Following is a reconciliation of cash, cash equivalents and marketable securities (GAAP) to adjusted cash, cash equivalents and marketable securities (non-GAAP):

(in millions)June 30, 2025December 31, 2024Cash, cash equivalents and marketable securities$456 $1,055 Less:Amounts payable for withheld federal and state income taxes, employment taxes and other payroll deductions 316 830 Client prepayments26 91 Adjusted cash, cash equivalents and marketable securities$114 $134 

Insperity | 2025 Second Quarter Form 10-Q34

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

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

Three Months Ended June 30,Six Months Ended June 30,(in millions, except per WSEE per month)2025202420252024Per WSEEPer WSEEPer WSEEPer WSEENet income (loss)$(5)$(