INSPERITY, INC. (NSP) Form 10-Q — Oct 29, 2026
Insperity reported Q3 2026 revenue of $1.651 billion, up 2% year over year, with a net loss of $(1) million, or $(0.02) per share, a sharp improvement from the $(20) million loss, or $(0.53), in Q3 2025. Adjusted EBITDA rose 210% to $31 million and adjusted EPS rose 210% to $0.22, driven by 4% higher revenue per worksite employee and a 5% reduction in operating expenses. The weak spot was headcount: average WSEEs paid fell 2% to 307,265 in Q3, which management partly attributed to its own margin recovery efforts, while workers' compensation costs jumped 27% per WSEE per month. For the first nine months, net income rose 38% to $36 million and adjusted EBITDA rose 18% to $170 million.
Key figures
- Revenue
- 1651000000
- Net Income
- -1000000
- Total Debt
- 419000000
- Revenue Yoy
- 2% (Q3 2026 vs Q3 2025); 2% for nine months ($5,232M vs $5,144M)
- Total Assets
- 2224000000
- Cash Position
- 599000000
- Shares Outstanding
- 38096106
- Gross profit q3 2026
- $207 million, up 6%
- Revolver availability
- $330 million unused commitment; $750 million facility matures 2028-12-15
- Gross billings q3 2026
- $11,059 million
- Adjusted ebitda q3 2026
- $31 million, up 210% YoY
- Dividends paid ytd 2026
- $69 million ($0.60/share quarterly)
- Adjusted ebitda ytd 2026
- $170 million, up 18%
- Workers comp cost change
- +27% per WSEE per month in Q3 2026
- Average wsees paid q3 2026
- 307265
- Adjusted net income q3 2026
- $8 million (adjusted EPS $0.22)
- Effective tax rate ytd 2026
- 46%
- Shares repurchased ytd 2026
- 302258
- Adjusted net income ytd 2026
- $71 million (adjusted EPS $1.85)
- Average wsees paid change q3
- -2%
- Net cash used in operating activities ytd 2026
- -$23 million
AI analysis
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