Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 35

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 35
---
 in the United States (“GAAP”).

Insperity | 2025 Third 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 September 30,Nine Months Ended September 30,20252024% Change20252024% ChangeFinancial data:Revenues$1,623 $1,561 4 %$5,144 $4,968 4 %Gross profit195 229 (15)%728 834 (13)%Operating expenses220 228 (4)%692 702 (1)%Operating income (loss)(25)1 — 36 132 (73)%Other income1 2 (50)%6 7 (14)%Net income (loss)(20)3 (767)%26 100 (74)%Diluted EPS(0.53)0.07 (857)%0.69 2.63 (74)%Non-GAAP financial measures(1):Adjusted net income (loss)$(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)%

 ____________________________________

(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 W