Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 17

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 17
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 income (loss)(20)3 (767)%26 100 (74)%Diluted EPS(0.53)0.07 (857)%0.69 2.63 (74)%Non-GAAP financial measures(1):Adjusted net income (loss)$(8)$15 (153)%$61 $134 (54)%Adjusted EBITDA10 39 (74)%144 247 (42)%Adjusted EPS(0.20)0.39 (151)%1.63 3.53 (54)%Average WSEEs paid312,842 309,088 1 %309,327 306,650 1 %Statistical data (per WSEE per month):Revenues(2)$1,729 $1,683 3 %$1,848 $1,800 3 %Gross profit208 247 (16)%261 302 (14)%Operating expenses235 246 (4)%248 254 (2)%Operating income (loss)(27)1 — 13 48 (73)%Net income (loss)(21)3 (800)%9 36 (75)%

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(1)Please read “Non-GAAP Financial Measures” for a reconciliation of the non-GAAP financial measures to their 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 September 30,Nine Months Ended September 30,(per WSEE per month)2025202420252024Gross billings$11,432 $11,098 $12,009 $11,644 Less: WSEE payroll cost9,703 9,415 10,161 9,844 Revenues$1,729 $1,683 $1,848 $1,800 

Insperity | 2025 Third 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