Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 36

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 36
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SEE 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 three primary sources: new client sales, client retention and the net change in WSEEs paid at existing clients through new hires and employee terminations.

•During Q3 2025, average WSEEs paid increased 1% compared to Q3 2024. The number of WSEEs paid from new client sales and the net change in our client base slightly decreased compared with Q3 2024, while client retention remained consistent with Q3 2024.

•During the first nine months of 2025 (“YTD 2025”), average WSEEs paid increased 1% compared to the first nine months of 2024 (“YTD 2024”). The number of WSEEs paid from new client sales, client retention and the net change in our client base increased when compared to YTD 2024.

Average WSEEs Paid and

Year-over-Year Growth Percentage

Insperity | 2025 Third Quarter Form 10-Q22

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

Net Income (Loss) andYear-over-Year Growth Percentage(in millions)

Adjusted EBITDA andYear-over-Year Growth Percentage(in millions)

Insperity | 2025 Third Quarter Form 10-Q23

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

EPS andYear-over-Year Growth Percentage(amounts per share)

Adjusted EPS andYear-over-Year Growth Percentage(amounts per share)

Ins