Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 16

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 16
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 Additional disclosures of any material impact will be provided in future periods as the effect of the legislation is determined.

Insperity | 2025 Second Quarter Form 10-Q19

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

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2024, as well as our Consolidated Financial Statements and notes thereto included in this Quarterly Report on Form 10-Q.

Executive Summary

Overview

Insperity, Inc. (“Insperity,” “we,” “our,” and “us”) provides an array of human resources (“HR”) and business solutions designed to help improve business performance. Our most comprehensive HR services offerings are provided through our professional employer organization (“PEO”) services, known as our Insperity® HR360 solution (formerly our Workforce Optimization® solution) and Insperity® HR360 Select Edition (formerly our Workforce SynchronizationTM solution) (together, our “PEO HR Solutions”), which we provide by entering into a co-employment relationship with our clients. Our PEO HR Solutions encompass a broad range of HR functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services, along with our cloud-based human capital management solution, the Insperity PremierTM platform.

2025 Highlights

Second Quarter 2025 Compared to Second Quarter 2024

•Average number of WSEEs paid per month increased 1%

•Net income (loss) and diluted earnings per share (“EPS”) decreased 128% and 129% to $(5) million and $(0.14), respectively

•Adjusted net income and adjusted EPS both decreased 70% to $10 million and $0.26, respectively

•Adjusted EBITDA decreased 52% to $32 million

First Six Months 2025 Compared to First Six Months 2024

•Average number of WSEEs paid per month increased 1%

•Net income and diluted EPS decreased 53% and 52% to $46 million and $1.22, respectively

•Adjusted net income and adjusted EPS both decreased 42% to $69 million and $1.83, respectively

•Adjusted EBITDA decreased 36% to $134 million

Please read “Non-GAAP