Company: NSP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001000753-25-000107
Chunk: 27

Company: INSPERITY, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 27
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SSION AND ANALYSIS OF      FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Following is a reconciliation of payroll cost (GAAP) to non-bonus payroll costs (non-GAAP):

(in millions, except per WSEE per month)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Per WSEEPer WSEEPer WSEEPer WSEEPayroll cost$9,106 $9,703 $8,730 $9,415 $28,287 $10,161 $27,167 $9,844 Less: Bonus payroll cost729 777 704 759 3,677 1,321 3,411 1,236 Non-bonus payroll cost$8,377 $8,926 $8,026 $8,656 $24,610 $8,840 $23,756 $8,608 Payroll cost % change period over period4%3%3%5%4%3%1%3%Non-bonus payroll cost % change period over period4%3%— 3%4%3%1%3%

Following is a reconciliation of cash, cash equivalents and marketable securities (GAAP) to adjusted cash, cash equivalents and marketable securities (non-GAAP):

(in millions)September 30, 2025December 31, 2024Cash, cash equivalents and marketable securities$440 $1,055 Less:Amounts payable for withheld federal and state income taxes, employment taxes and other payroll deductions 284 830 Client prepayments36 91 Adjusted cash, cash equivalents and marketable securities$120 $134 

Insperity | 2025 Third Quarter Form 10-Q34

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

Following is a reconciliation of net income (loss) (GAAP) to EBITDA (non-GAAP) and adjusted EBITDA (non-GAAP):

Three Months Ended September 30,Nine Months Ended September 30,(in millions, except per WSEE per month)2025202420252024Per WSEEPer WSEEPer WSEEPer WSEENet income (loss)$(20)$(21)$3 $3 $26 $9 $100 $36 Income tax (benefit)