# EDGAR Filing Document

**Accession Number:** 0001000753
**File Stem:** 0001000753-25-000063
**Filing Date:** 2025-8
**Character Count:** 48731
**Document Hash:** 3c58228f0ee9c24ae5904a7825889703
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001000753-25-000063.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001000753-25-000063

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250801

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INSPERITY, INC.
- **CENTRAL INDEX KEY:** 0001000753
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-HELP SUPPLY SERVICES [7363]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 760479645
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13998
- **FILM NUMBER:** 251173990

**BUSINESS ADDRESS:**
- **STREET 1:** 19001 CRESCENT SPRINGS DR
- **CITY:** KINGWOOD
- **STATE:** TX
- **ZIP:** 77339
- **BUSINESS PHONE:** 7133588986

**MAIL ADDRESS:**
- **STREET 1:** 19001 CRESCENT SPRINGS DR
- **CITY:** KINGWOOD
- **STATE:** TX
- **ZIP:** 77339

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADMINISTAFF INC \DE\
- **DATE OF NAME CHANGE:** 19950915

?xml version='1.0' encoding='ASCII'? nsp-20250801

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (date of earliest event reported): August 1, 2025

**Insperity, Inc.** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-13998** | **76-0479645** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**19001 Crescent Springs Drive** 

**Kingwood**, **Texas 77339**

(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: **(281) 358-8986** 

---

| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| **Title of each class** | **Ticker symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, $.01 par value per share** | **NSP** | **New York Stock Exchange** |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under The Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under The Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02. Results of Operations and Financial Condition.**

On August 1, 2025, Insperity, Inc. issued a press release announcing the company's financial and operating results for the quarter ended June 30, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference. The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished to the SEC and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 7.01. Regulation FD Disclosure.**

On July 31, 2025, Insperity, Inc. issued a press release announcing the company's updated HR solutions portfolio. A copy of the press release is furnished as Exhibit 99.2 hereto and incorporated by reference. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 attached hereto, is being furnished to the SEC and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

99.1 — <u>[Press release regarding financial and operating results issued by Insperity, Inc. on August 1, 2025.](a06302025-ex991earningsrel.htm)</u>

99.2 — <u>[Press release regarding updated HR solutions portfolio issued by Insperity, Inc. on July 31, 2025.](a06302025-ex992insperitypo.htm)</u>

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| INSPERITY, INC. | INSPERITY, INC. |
| By: | */s/ Christian P. Callens* |
|  | Christian P. Callens |
|  | Senior Vice President of Legal, <br>General Counsel & Secretary |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Date: August 1, 2025

## Exhibit 99.1

**Exhibit 99.1**

**Insperity Announces Second Quarter Results**

HOUSTON – August 1, 2025 – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today reported results for the second quarter ended June 30, 2025. Insperity will be hosting a conference call today at 8:30 a.m. ET to discuss these results and our updated 2025 outlook and will be posting an accompanying presentation to its investor website at http://ir.insperity.com.

&nbsp;&nbsp;&nbsp;&nbsp;• Q2 average paid WSEEs up 1% to 309,115

&nbsp;&nbsp;&nbsp;&nbsp;• Q2 revenues up 3% year-over-year

&nbsp;&nbsp;&nbsp;&nbsp;• Q2 net loss of $5 million; adjusted EBITDA of $32 million

&nbsp;&nbsp;&nbsp;&nbsp;• Q2 diluted EPS of $(0.14); adjusted EPS of $0.26

&nbsp;&nbsp;&nbsp;&nbsp;• YTD average paid WSEEs up 1% to 307,569

&nbsp;&nbsp;&nbsp;&nbsp;• YTD net income of $46 million; adjusted EBITDA of $134 million

&nbsp;&nbsp;&nbsp;&nbsp;• YTD diluted EPS of $1.22; adjusted EPS of $1.83

&nbsp;&nbsp;&nbsp;&nbsp;• Return to shareholders of $64 million during the first six months of 2025 through the repurchase of 225,000 shares at a cost of $19 million and $45 million in cash dividends

**Second Quarter Results**

The average number of worksite employees ("WSEE") paid per month increased 1% from Q2 2024 to 309,115 WSEEs. Revenues in Q2 2025 increased 3% to $1.7 billion on a 3% increase in revenue per WSEE on higher pricing and the increase in paid WSEEs.

"Despite our reported Q2 results and the associated lower guidance for this year, we have experienced recent growth momentum and are executing a plan over the balance of the year that we believe lays the foundation for accelerated growth and improved profitability in 2026," said Paul J. Sarvadi, Insperity chairman and chief executive officer. "We are also pleased to announce that Insperity **HR**Scale, our joint solution with Workday, has a targeted go-live date with beta clients early next year, and sales and marketing efforts have begun."

Gross profit decreased 14% to $223 million in Q2 2025 from $260 million in Q2 2024 due primarily to higher-than-expected benefits costs. Higher Q2 2025 healthcare costs were driven by continued elevated pharmacy trends and frequency of large claim activity.

Operating expenses decreased 3% to $230 million in Q2 2025 from $237 million in Q2 2024. Operating expenses included $14 million for our Workday strategic partnership in both Q2 2025 and Q2 2024.

Reported net loss was $5 million and diluted EPS was $(0.14). Adjusted EBITDA and adjusted EPS were $32 million and $0.26, respectively.

"We have made substantial progress in executing a pricing plan and implementing benefit plan design changes that we believe will address the elevated benefits cost trend environment," said James D. Allison, executive vice president of finance, chief financial officer and treasurer. "We have continued to manage our operating expenses while investing in the Workday strategic partnership and remain focused on aligning our cost structure with our updated HR solution portfolio strategy."

**Year-to-Date Results**

The average number of WSEEs paid per month increased 1% from 2024 to 307,569 WSEEs. Revenues increased by 3% to $3.5 billion on a 3% increase in revenue per WSEE and the increase in paid WSEEs.

Gross profit decreased 12% to $533 million primarily due to unfavorable results from our benefits costs program, offset in part by increased pricing and slight favorability in other direct cost areas.

------

Operating expenses declined slightly to $472 million as compared to the 2024 period. Operating expenses included $27 million and $19 million for our Workday strategic partnership in YTD 2025 and YTD 2024, respectively.

Reported net income and diluted EPS were $46 million and $1.22, respectively. Adjusted EBITDA and adjusted EPS were $134 million and $1.83, respectively.

Cash outlays in the first six months of 2025 included the repurchase of approximately 225,000 shares of our common stock at a cost of $19 million, dividends totaling $45 million, and capital expenditures of $13 million. Adjusted cash at June 30, 2025 totaled $114 million and $280 million remains available under our $650 million credit facility.

**2025 Guidance**

The company also announced its updated guidance for 2025, including the third quarter of 2025. Please refer to the accompanying financial tables at the end of this press release for the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Q3 2025** | **Q3 2025** | **Full Year 2025** | **Full Year 2025** |
| Average WSEEs paid | 312200 | 315300 | 310300 | 313400 |
| Year-over-year increase | 1% | 2% | 1% | 2% |
| Adjusted EPS | $0.06 | $0.49 | $1.81 | $2.51 |
| Year-over-year increase (decrease) | (85)% | 26% | (49)% | (30)% |
| Adjusted EBITDA (in millions) | $24 | $44 | $170 | $205 |
| Year-over-year increase (decrease) | (38)% | 13% | (37)% | (24)% |

---

***Definition of Key Metrics***

Average WSEEs paid — Determined by calculating the company's cumulative WSEEs paid during the period divided by the number of months in the period.

Adjusted EPS — Represents diluted net income per share computed in accordance with GAAP, excluding the impact of non-cash stock-based compensation.

Adjusted EBITDA — Represents net income computed in accordance with GAAP, plus interest expense, income taxes, depreciation and amortization expense, amortization of SaaS implementation costs and non-cash stock-based compensation.

**Conference Call and Webcast**

Insperity will be hosting a conference call today at 8:30 a.m. ET to discuss these results and the guidance discussed in this press release, and answer questions from investment analysts. To listen in, call 877-545-0523 and use conference i.d. number 606106. The call will also be webcast at http://ir.insperity.com. The conference call script will be available at the same website later today. A replay of the conference call will be available at 877-481-4010, conference i.d. number 52722. The webcast will be archived for one year.

**About Insperity**

Since 1986, Insperity's mission has been to help businesses succeed so communities prosper. Offering the most comprehensive suite of scalable HR solutions available in the marketplace, Insperity is defined by an unrivaled breadth and depth of services and level of care. Through an optimal blend of premium HR service and technology, Insperity delivers the administrative relief, reduced liabilities and better benefit solutions that businesses need to drive performance and growth. With 2024 revenues of $6.6 billion and more than 100 sales offices throughout the U.S., Insperity is currently making a difference in thousands of businesses and communities nationwide. For more information, visit http://www.insperity.com.

------

**Forward-Looking Statements**

The statements contained herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify such forward-looking statements by the words "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "forecasts," "likely," "possibly," "probably," "could," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, in an effort to help keep our stockholders and the public informed about our operations, from time to time, we may issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, including our strategic partnership with Workday, Inc.; projected or anticipated benefits or other consequences of such plans or strategies; or projections involving anticipated revenues, earnings, average number of worksite employees, benefits and workers' compensation costs, or other operating results. We base these forward-looking statements on our current expectations, estimates and projections. We caution you that these statements are not guarantees of future performance and involve risks, uncertainties and assumptions that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Therefore, the actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are:

&nbsp;&nbsp;&nbsp;&nbsp;• adverse economic conditions;

&nbsp;&nbsp;&nbsp;&nbsp;• failure to comply with or meet client expectations regarding certain COVID-19 relief programs;

&nbsp;&nbsp;&nbsp;&nbsp;• bank failures or other events affecting financial institutions;

&nbsp;&nbsp;&nbsp;&nbsp;• labor shortages, increasing competition for highly skilled workers, and evolving employee expectations regarding the workplace;

&nbsp;&nbsp;&nbsp;&nbsp;• impact of inflation and changes in U.S. trade policy;

&nbsp;&nbsp;&nbsp;&nbsp;• vulnerability to regional economic factors because of our geographic market concentration;

&nbsp;&nbsp;&nbsp;&nbsp;• failure to comply with covenants under our credit facility;

&nbsp;&nbsp;&nbsp;&nbsp;• impact of a future outbreak of highly infectious or contagious disease;

&nbsp;&nbsp;&nbsp;&nbsp;• our liability for WSEE payroll, payroll taxes and benefits costs, or other liabilities associated with actions of our client companies or WSEEs, including if our clients fail to pay us;

&nbsp;&nbsp;&nbsp;&nbsp;• increases in health insurance costs and workers' compensation rates and underlying claims trends, health care reform, financial solvency of workers' compensation carriers, other insurers or financial institutions, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims;

&nbsp;&nbsp;&nbsp;&nbsp;• an adverse determination regarding our status as the employer of our WSEEs for tax and benefit purposes and an inability to offer alternative benefit plans following such a determination;

&nbsp;&nbsp;&nbsp;&nbsp;• cancellation of client contracts on short notice, or the inability to renew client contracts or attract new clients;

&nbsp;&nbsp;&nbsp;&nbsp;• the ability to secure competitive replacement contracts for health insurance and workers' compensation insurance at expiration of current contracts;

&nbsp;&nbsp;&nbsp;&nbsp;• regulatory and tax developments and possible adverse application of various federal, state and local regulations;

&nbsp;&nbsp;&nbsp;&nbsp;• failure to manage growth of our operations and the effectiveness of our sales and marketing efforts;

&nbsp;&nbsp;&nbsp;&nbsp;• the impact of the competitive environment and other developments in the human resources services industry, including the professional employer organization (or PEO) industry, on our growth and/or profitability;

&nbsp;&nbsp;&nbsp;&nbsp;• an adverse final judgment or settlement of claims against Insperity;

&nbsp;&nbsp;&nbsp;&nbsp;• disruptions of our information technology systems or failure to enhance our service and technology offerings to address new regulations or client expectations;

&nbsp;&nbsp;&nbsp;&nbsp;• our liability or damage to our reputation relating to disclosure of sensitive or private information as a result of data theft, cyberattacks or security vulnerabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• failure of third-party providers, such as financial institutions, data centers or cloud service providers;

&nbsp;&nbsp;&nbsp;&nbsp;• our ability to fully realize the anticipated benefits of our strategic partnership and complete the development of our joint solution with Workday, Inc.; and

&nbsp;&nbsp;&nbsp;&nbsp;• our ability to integrate or realize expected returns on future product offerings, including through acquisitions, strategic partnerships, and investments.

These factors are discussed in further detail in Insperity's filings with the U.S. Securities and Exchange Commission. Any of these factors, or a combination of such factors, could materially affect the results of our operations and whether forward-looking statements we make ultimately prove to be accurate.

Any forward-looking statements are made only as of the date hereof and, unless otherwise required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

------

**SUMMARY FINANCIAL INFORMATION**<br>

**Insperity, Inc.**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
| *(Unaudited)* | **June 30, 2025** | **December 31, 2024** |
| *(in millions)* | **June 30, 2025** | **December 31, 2024** |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $441 | $1039 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 76 | 69 |
| &nbsp;&nbsp;&nbsp;Marketable securities | 15 | 16 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 843 | 829 |
| &nbsp;&nbsp;&nbsp;Prepaid insurance and related assets | 41 | 25 |
| &nbsp;&nbsp;&nbsp;Income taxes receivable | 11 |  |
| &nbsp;&nbsp;&nbsp;Other current assets | 90 | 107 |
| **Total current assets** | **1517** | **2085** |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 182 | 192 |
| &nbsp;&nbsp;&nbsp;Right-of-use leased assets | 66 | 65 |
| &nbsp;&nbsp;&nbsp;Deposits and prepaid health insurance | 191 | 195 |
| &nbsp;&nbsp;&nbsp;Goodwill and other intangible assets, net | 13 | 13 |
| &nbsp;&nbsp;&nbsp;Deferred income taxes, net | 22 | 34 |
| &nbsp;&nbsp;&nbsp;Other assets | 27 | 13 |
| **Total assets** | $**2018** | $**2597** |
| **Liabilities and stockholders' equity** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $6 | $10 |
| &nbsp;&nbsp;&nbsp;Payroll taxes and other payroll deductions payable | 366 | 901 |
| &nbsp;&nbsp;&nbsp;Accrued worksite employee payroll cost | 716 | 730 |
| &nbsp;&nbsp;&nbsp;Accrued health insurance costs | 57 | 19 |
| &nbsp;&nbsp;&nbsp;Accrued workers' compensation costs | 79 | 71 |
| &nbsp;&nbsp;&nbsp;Accrued corporate payroll and commissions | 52 | 82 |
| &nbsp;&nbsp;&nbsp;Other accrued liabilities | 81 | 117 |
| **Total current liabilities** | **1357** | **1930** |
| &nbsp;&nbsp;&nbsp;Accrued workers' compensation costs, net of current | 113 | 135 |
| &nbsp;&nbsp;&nbsp;Long-term debt | 369 | 369 |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities, net of current | 67 | 66 |
| **Total noncurrent liabilities** | **549** | **570** |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;Common stock | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 228 | 222 |
| &nbsp;&nbsp;&nbsp;Treasury stock, at cost | (853) | (864) |
| &nbsp;&nbsp;&nbsp;Retained earnings | 736 | 738 |
| **Total stockholders' equity** | **112** | **97** |
| **Total liabilities and stockholders' equity** | $**2018** | $**2597** |

---

------

**SUMMARY FINANCIAL INFORMATION**<br>

**Insperity, Inc.**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *(Unaudited)* | **Three Months Ended <br>June 30,** | **Three Months Ended <br>June 30,** | **Three Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** |
| *(in millions, except per share amounts)* | **2025** | **2024** | **Change** | **2025** | **2024** | **Change** |
| Operating results: |  |  |  |  |  |  |
| **Revenues**<sup>(1)</sup> | $**1658** | $**1605** | **3%** | $**3521** | $**3407** | **3%** |
| Payroll taxes, benefits and workers' compensation costs | 1435 | 1345 | 7% | 2988 | 2802 | 7% |
| **Gross profit** | **223** | **260** | **(14)%** | **533** | **605** | **(12)%** |
| Salaries, wages and payroll taxes | 129 | 126 | 2% | 271 | 266 | 2% |
| Stock-based compensation | 20 | 20 |  | 31 | 30 | 3% |
| Commissions | 10 | 11 | (9)% | 21 | 23 | (9)% |
| Advertising | 11 | 12 | (8)% | 18 | 19 | (5)% |
| General and administrative expenses | 49 | 57 | (14)% | 109 | 114 | (4)% |
| Depreciation and amortization | 11 | 11 |  | 22 | 22 |  |
| **Total operating expenses** | **230** | **237** | **(3)%** | **472** | **474** | **—** |
| **Operating income (loss)** | **(7)** | **23** | **(130)%** | **61** | **131** | **(53)%** |
| Other income (expense): |  |  |  |  |  |  |
| &nbsp;&nbsp;Interest income | 7 | 9 | (22)% | 17 | 19 | (11)% |
| &nbsp;&nbsp;Interest expense | (6) | (7) | (14)% | (12) | (14) | (14)% |
| **Income (loss) before income tax (benefit) expense** | **(6)** | **25** | **(124)%** | **66** | **136** | **(51)%** |
| Income tax (benefit) expense | (1) | 7 | (114)% | 20 | 39 | (49)% |
| **Net income (loss)** | $**(5)** | $**18** | **(128)%** | $**46** | $**97** | **(53)%** |
| **Net income (loss) per share of common stock** | **Net income (loss) per share of common stock** |  |  |  |  |  |
| &nbsp;&nbsp;Basic | $(0.14) | $0.48 | (129)% | $1.22 | $2.58 | (53)% |
| &nbsp;&nbsp;Diluted | $(0.14) | $0.48 | (129)% | $1.22 | $2.56 | (52)% |

---

____________________________________

<sup>(1)</sup> Revenues are comprised of gross billings less WSEE payroll costs as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended <br>June 30,** | **Three Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** |
|<br>*(in millions)* | **2025** | **2024** | **2025** | **2024** |
| Gross billings | $10558 | $10361 | $22702 | $21844 |
| Less: WSEE payroll cost | 8900 | 8756 | 19181 | 18437 |
| **Revenues** | $**1658** | $**1605** | $**3521** | $**3407** |

---

------

**SUMMARY FINANCIAL INFORMATION**<br>

**Insperity, Inc.**

**KEY FINANCIAL AND STATISTICAL DATA**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended <br>June 30,** | **Three Months Ended <br>June 30,** | **Three Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** |
| | **2025** | **2024** | **Change** | **2025** | **2024** | **Change** |
| **Average WSEEs paid** | 309115 | 306958 | 1% | 307569 | 305431 | 1% |
| **Statistical data** *(per WSEE per month)***:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Revenues<sup>(1)</sup> | $1788 | $1743 | 3% | $1908 | $1859 | 3% |
| &nbsp;&nbsp;Gross profit | 240 | 282 | (15)% | 289 | 330 | (12)% |
| &nbsp;&nbsp;Operating expenses | 248 | 257 | (4)% | 256 | 259 | (1)% |
| &nbsp;&nbsp;Operating income (loss) | (8) | 25 | (132)% | 33 | 71 | (54)% |
| &nbsp;&nbsp;Net income (loss) | (5) | 20 | (125)% | 25 | 53 | (53)% |

---

____________________________________

<sup>(1)</sup> Revenues per WSEE per month are comprised of gross billings per WSEE per month less WSEE payroll costs per WSEE per month follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended <br>June 30,** | **Three Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** | **Six Months Ended <br>June 30,** |
|<br>*(per WSEE per month)* | **2025** | **2024** | **2025** | **2024** |
| *Gross billings* | $11385 | $11251 | $12302 | $11920 |
| *Less: WSEE payroll cost* | 9597 | 9508 | 10394 | 10061 |
| **Revenues** | $**1788** | $**1743** | $**1908** | $**1859** |

---

------

**NON-GAAP FINANCIAL MEASURES**<br>

**Insperity, Inc.**

**Non-GAAP FINANCIAL MEASURES**

**(Unaudited)**

Non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of the non-GAAP financial measures used to their most directly comparable GAAP financial measures as provided in the tables below.

---

| | | |
|:---|:---|:---|
| **Non-GAAP Measure** | **Definition** | **Benefit of Non-GAAP Measure** |
| Non-bonus payroll cost | Non-bonus payroll cost is a non-GAAP financial measure that excludes the impact of bonus payrolls paid to our WSEEs. | Our management refers to non-bonus payroll cost in analyzing, reporting and forecasting our workers' compensation costs.<br>Bonus payroll cost varies from period to period, but has no direct impact to our ultimate workers' compensation costs under the current program.<br>We include these non-GAAP financial measures because we believe they are useful to investors in allowing for greater transparency related to the costs incurred under our current workers' compensation program. |
| Adjusted cash, cash equivalents and marketable securities | Excludes funds associated with:<br>• federal and state income tax withholdings,<br>• employment taxes,<br>• other payroll deductions, and<br>• client prepayments. | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| | | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| EBITDA | Represents net income computed in accordance with GAAP, plus:<br>• interest expense,<br>• income tax expense,<br>• depreciation and amortization expense, and<br>• amortization of SaaS implementation costs. | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| | | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| Adjusted EBITDA | Represents EBITDA plus:<br>• non-cash stock-based compensation. | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| | | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| Adjusted net income | Represents net income computed in accordance with GAAP, excluding:<br>• non-cash stock-based compensation. | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| | | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| Adjusted EPS | Represents diluted net income per share computed in accordance with GAAP, excluding:<br>• non-cash stock-based compensation. | We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |
| We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |  |  |
| We believe that the exclusion of the identified items helps us reflect the fundamentals of our underlying business model and analyze results against our expectations, against prior periods, and to plan for future periods by focusing on our underlying operations. We believe that the adjusted results provide relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by management and improves their ability to understand and assess our operating performance. Adjusted EBITDA is used by our lenders to assess our leverage and ability to make interest payments. |  |  |

---

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**NON-GAAP FINANCIAL MEASURES**<br>

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| *(in millions, except per WSEE per month)* | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
| *(in millions, except per WSEE per month)* |  | **Per WSEE** |  | **Per WSEE** |  | **Per WSEE** |  | **Per WSEE** |
| **Payroll cost** | $**8900** | $**9597** | $**8756** | $**9508** | $**19181** | $**10394** | $**18437** | $**10061** |
| Less: Bonus payroll cost | 705 | 760 | 845 | 917 | 2948 | 1598 | 2707 | 1478 |
| **Non-bonus payroll cost** | $**8195** | $**8837** | $**7911** | $**8591** | $**16233** | $**8796** | $**15730** | $**8583** |
| **Payroll cost % change period over period** | **2%** | **1%** | **1%** | **3%** | **4%** | **3%** | **1%** | **2%** |
| **Non-bonus payroll cost % change period over period** | **4%** | **3%** | **1%** | **2%** | **3%** | **2%** | **1%** | **2%** |

---

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

---

| | | |
|:---|:---|:---|
| *(in millions)* | **June 30,<br>2025** | **December 31,<br>2024** |
| **Cash, cash equivalents and marketable securities** | $**456** | $**1055** |
| Less: |  |  |
| &nbsp;&nbsp;Amounts payable for withheld federal and state income taxes, employment taxes and other payroll deductions  | 316 | 830 |
| &nbsp;&nbsp;&nbsp;Client prepayments | 26 | 91 |
| **Adjusted cash, cash equivalents and marketable securities** | $**114** | $**134** |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;*(in millions, except per WSEE per month)* | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| &nbsp;&nbsp;&nbsp;*(in millions, except per WSEE per month)* | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** |
| &nbsp;&nbsp;&nbsp;*(in millions, except per WSEE per month)* |  | **Per WSEE** |  | **Per WSEE** |  | **Per WSEE** |  | **Per WSEE** |
| **Net income (loss)** | $**(5)** | $**(5)** | $**18** | $**20** | $**46** | $**25** | $**97** | $**53** |
| Income tax (benefit) expense | (1) | (1) | 7 | 7 | 20 | 10 | 39 | 22 |
| Interest expense | 6 | 6 | 7 | 8 | 12 | 7 | 14 | 8 |
| Amortization of SaaS implementation costs | 1 | 1 | 3 | 3 | 3 | 2 | 6 | 3 |
| Depreciation and amortization | 11 | 12 | 11 | 12 | 22 | 12 | 22 | 12 |
| **EBITDA** | **12** | **13** | **46** | **50** | **103** | **56** | **178** | **98** |
| Stock-based compensation | 20 | 22 | 20 | 22 | 31 | 17 | 30 | 16 |
| **Adjusted EBITDA** | $**32** | $**35** | $**66** | $**72** | $**134** | $**73** | $**208** | $**114** |
| **Net income (loss) % change period over period** | **(128)%** | **(125)%** | **50%** | **43%** | **(53)%** | **(53)%** | **(9)%** | **(9)%** |
| **Adjusted EBITDA % change period over period** | **(52)%** | **(51)%** | **29%** | **33%** | **(36)%** | **(36)%** | **2%** | **4%** |

---

------

**NON-GAAP FINANCIAL MEASURES**<br>

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|<br>*(in millions)* | **2025** | **2024** | **2025** | **2024** |
| **Net income (loss)** | $**(5)** | $**18** | $**46** | $**97** |
| Non-GAAP adjustments: |  |  |  |  |
| &nbsp;&nbsp;Stock-based compensation | 20 | 20 | 31 | 30 |
| &nbsp;&nbsp;Tax effect | (5) | (5) | (8) | (8) |
| &nbsp;&nbsp;&nbsp;**Total non-GAAP adjustments, net** | **15** | **15** | **23** | **22** |
| **Adjusted net income** | $**10** | $**33** | $**69** | $**119** |
| **Net income (loss) % change period over period** | **(128)%** | **50%** | **(53)%** | **(9)%** |
| **Adjusted net income % change period over period** | **(70)%** | **32%** | **(42)%** | **(7)%** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| **Diluted EPS** | $**(0.14)** | $**0.48** | $**1.22** | $**2.56** |
| Non-GAAP adjustments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Stock-based compensation | 0.52 | 0.53 | 0.81 | 0.80 |
| &nbsp;&nbsp;&nbsp;Tax effect | (0.12) | (0.15) | (0.20) | (0.23) |
| **Total non-GAAP adjustments, net** | **0.40** | **0.38** | **0.61** | **0.57** |
| **Adjusted EPS** | $**0.26** | $**0.86** | $**1.83** | $**3.13** |
| **Diluted EPS % change period over period** | **(129)%** | **45%** | **(52)%** | **(8)%** |
| **Adjusted EPS % change period over period** | **(70)%** | **34%** | **(42)%** | **(5)%** |

---

------

**NON-GAAP FINANCIAL MEASURES**<br>

The following is a reconciliation of GAAP to non-GAAP financial measures for third quarter and full year 2025 guidance:

---

| | | |
|:---|:---|:---|
|<br>*(in millions, except per share amounts)* | **Q3 2025**<br>**Guidance** | **Full Year 2025**<br>**Guidance** |
| **Net income (loss)** | **$(10) - $7** | **$23 - $49** |
| Income tax expense | 0 - 3  | 13 - 22 |
| Interest expense | 6 | 25 |
| SaaS implementation amortization | 1 | 5 |
| Depreciation and amortization | 11 | 43 |
| **EBITDA** | **8 - 28** | **109 - 144** |
| Stock-based compensation | 16 | 61 |
| **Adjusted EBITDA** | **$24 - $44** | **$170 - $205** |
| **Diluted EPS** | **$(0.25) - $0.18** | **$0.59 - $1.29** |
| Non-GAAP adjustments: |  |  |
| &nbsp;&nbsp;Stock-based compensation | 0.42 | 1.62 |
| &nbsp;&nbsp;&nbsp;Tax effect | (0.11) | (0.40) |
| **Total non-GAAP adjustments, net** | **0.31** | **1.22** |
| **Adjusted EPS** | **$0.06 - $0.49** | **$1.81 - $2.51** |

---

## Exhibit 99.2

**Exhibit 99.2**

**Insperity Unveils Updated HR Solutions Portfolio**

**Insperity HR360, Insperity HRCore, and Insperity HRScale**

**Houston, TX – July 31, 2025** – Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions, today announced its updated HR solutions portfolio strategy, designed to meet the evolving needs of small to medium size businesses (SMB) and their employees and shape the future of HR.

With nearly 40 years in the market, Insperity's mission is to help businesses succeed so communities prosper. Insperity continues to deliver culture-driven, people-centric solutions – combining the best of human and technological capabilities to improve the likelihood, degree, and speed of success for companies in the dynamic SMB marketplace.

Insperity is rebranding its existing category-leading solutions as Insperity HR360 and Insperity HRCore. The portfolio will also include the newly announced Insperity HRScale<sup>TM</sup> solution that is being developed through the company's strategic partnership with Workday. Each solution is tailored to address specific aspects of HR management, offering unrivaled, comprehensive support for businesses at every stage of growth and development.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **<u>Insperity HR360</u>**: Insperity's flagship PEO solution (formerly known as Workforce Optimization) is designed for small and midsize businesses seeking a comprehensive people strategy and HR expertise to manage HR efficiently and effectively to drive business results. From payroll and benefits to compliance and talent management, the Insperity HR360<sup>®</sup> solution offers a seamless blend of advanced technology, HR services, insights, and liability management. This solution empowers businesses to build a sophisticated HR function, achieving excellence in their people strategy to drive sustainable success.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **<u>Insperity HRCore</u>**: This solution is ideal for businesses ready to upgrade their HR function. The Insperity HRCore™ solution (formerly known as Workforce Acceleration) provides foundational HR technology and support, tailored to companies seeking straightforward yet reliable HR capabilities. It enables businesses to manage their workforce more efficiently while laying the groundwork for a more sophisticated HR function as their needs evolve.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **<u>Insperity HRScale</u>**: Developed for midsized businesses through a strategic partnership with Workday, this solution is designed to combine the HR expertise of Insperity's full-service PEO offering with the advanced capabilities of Workday Human Capital Management (HCM), with a focus on affordability, ease and speed of deployment, and agility as companies scale. Insperity HRScale will be available to early adopter customers in 2026. For more information on Insperity HRScale, please visit here.

These premium HR solutions expand Insperity's addressable market and provide the opportunity to help more SMBs and their employees.

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**Improving Lives Through Additional Product Offerings**

Insperity's additional product portfolio is dedicated to solving complex challenges for companies and improving the lives of business owners and their employees.

Insperity offers a variety of additional services to help business owners, including direct-placement recruiting, employment screening, retirement plan administration, and business insurance products and services. New offerings to help businesses are evaluated on an ongoing basis and added to the portfolio. Recently, Insperity added:

Insperity addresses employees' total well-being by offering solutions and components that aim to improve the lives of employees and their families while alleviating administrative burdens for employers, including health benefit plans sponsored by Insperity, 401(k) retirement plans, supplemental insurance, voluntary benefits, and employee well-being tools and services. Employees and their families also benefit from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Insperity Perks+™ program** offers enrolled employees with a marketplace of discounted products and financial management tools, helping enrolled employees achieve financial stability and peace of mind.

**About Insperity**

Since 1986, Insperity's mission has been to help businesses succeed so communities prosper. Offering a suite of the most comprehensive, scalable HR solutions available in the marketplace, Insperity is defined by an unrivaled breadth and depth of services and level of care. Through an optimal blend of premium HR service and technology, Insperity delivers the administrative relief, reduced liabilities and better benefit solutions that businesses need to drive performance and growth. With 2024 revenues of $6.6 billion and more than 100 sales offices throughout the U.S., Insperity is currently making a difference in thousands of businesses and communities nationwide. For more information, visit http://www.insperity.com.

***Forward-Looking Statements***

*This press release contains forward-looking statements including, among other things, statements regarding Insperity's plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and Insperity's current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, such as to plans, strategies, projected or anticipated benefits, or other future events, including those related to Insperity's strategic partnership with Workday, Inc., they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of Insperity's control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ* 

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*materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in Insperity's filings with the Securities and Exchange Commission, such as Insperity's Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K, any of which could cause actual results to vary from expectations. Insperity does not assume any obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.*

***Investor Relations Contact:***<br> James D. Allison<br>Executive Vice President of Finance,<br>Chief Financial Officer and Treasurer<br>281-348-3140<br>Investor.Relations@Insperity.com

***News Media Contact:***<br> Cynthia Murga<br>Director, Public Relations<br>713-324-1414<br>Media@insperity.com

<br>