Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 47

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 7
Chunk 47
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12 12 35 34 Adjusted net income (loss)$(8)$15 $61 $134 Net income (loss) % change period over period(767)%(93)%(74)%(34)%Adjusted net income (loss) % change period over period(153)%(73)%(54)%(27)%

Insperity | 2025 Third Quarter Form 10-Q35

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

Following is a reconciliation of diluted EPS (GAAP) to adjusted EPS (non-GAAP):

Three Months Ended September 30,Nine Months Ended September 30,(amounts per share)2025202420252024Diluted EPS$(0.53)$0.07 $0.69 $2.63 Non-GAAP adjustments:Stock-based compensation0.43 0.45 1.25 1.24 Tax effect(0.10)(0.13)(0.31)(0.34)Total non-GAAP adjustments, net0.33 0.32 0.94 0.90 Adjusted EPS$(0.20)$0.39 $1.63 $3.53 Diluted EPS % change period over period(857)%(94)%(74)%(33)%Adjusted EPS % change period over period(151)%(73)%(54)%(26)%

Liquidity and Capital Resources

We periodically evaluate our liquidity requirements, capital needs and availability of resources in view of, among other things, our expansion plans, stock repurchases, potential acquisitions, debt service requirements and other operating cash needs. To meet short-term liquidity requirements, which are primarily the payment of direct costs and operating expenses, we rely primarily on cash from operations. Longer-term projects, large stock repurchases or significant acquisitions may be financed with public or private debt or equity. We have a revolving credit facility (“Facility”) with a syndicate of financial institutions with a current borrowing capacity of $650 million. The Facility is available for working capital and general corporate purposes, including acquisitions and stock repurchases. We have in the past sought, and may in the future seek, to raise additional capital or take other steps to increase or manage our liquidity and capital resources. 

We had $440 million in cash, cash equivalents and marketable securities at September 30, 2025, of which approximately $284