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NSP

Insperity, Inc.

NSP

Insperity, Inc. • NYSE
$35.37 ▼ -0.23% (-0.08)
Market Cap $1.33 B
52w High $95.98
52w Low $31.00
Dividend Yield 2.40%
P/E 73.69
Volume 244.54K
Outstanding Shares 37.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.623B ▼ $209M ▼ $-20M ▼ -1.232% ▼ $-0.526 ▼ $-7M ▼
Q2-2025 $1.658B ▼ $230M ▼ $-5M ▼ -0.302% ▼ $-0.14 ▼ $11M ▼
Q1-2025 $1.863B ▲ $242M ▲ $51M ▲ 2.738% ▲ $1.34 ▲ $89M ▲
Q4-2024 $1.613B ▲ $233M ▲ $-9M ▼ -0.558% ▼ $-0.22 ▼ $5M ▼
Q3-2024 $1.561B $228M $3M 0.192% $0.079 $21M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $519M ▲ $2.012B ▼ $1.925B ▲ $87M ▼
Q2-2025 $456M ▼ $2.018B ▼ $1.906B ▼ $112M ▼
Q1-2025 $568M ▼ $2.143B ▼ $2.024B ▼ $119M ▲
Q4-2024 $1.055B ▲ $2.597B ▲ $2.5B ▲ $97M ▼
Q3-2024 $486M $1.933B $1.808B $125M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-20M ▼ $-11M ▲ $-11M ▼ $-23M ▲ $-16M ▲ $-20M ▲
Q2-2025 $-5M ▼ $-79M ▲ $-5M ▲ $-29M ▲ $-113M ▲ $-86M ▲
Q1-2025 $51M ▲ $-443M ▼ $-6M ▲ $-49M ▼ $-498M ▼ $-449M ▼
Q4-2024 $-9M ▼ $619M ▲ $-13M ▲ $-10M ▲ $596M ▲ $606M ▲
Q3-2024 $3M $-150M $-14M $-36M $-200M $-164M

Five-Year Company Overview

Income Statement

Income Statement Insperity has grown its revenue steadily over the past five years, showing that demand for its HR and PEO services is healthy. However, profitability has not kept pace with that growth. Operating income and net income peaked a couple of years ago and have since declined, with the most recent year showing noticeably thinner margins and lower earnings per share. This suggests higher costs, pricing pressure, or mix shifts that are weighing on profitability, even as the core business continues to expand. Overall, the income statement tells a story of solid growth but increasing pressure on earnings quality and efficiency.

Balance Sheet

Balance Sheet The balance sheet looks conservative and liquid. Total assets have grown over time, and cash balances have built up meaningfully, while debt has stayed relatively stable. That combination improves financial flexibility and reduces balance sheet risk. Shareholders’ equity has been rebuilding after a period when it was very thin, which is a positive but still worth monitoring given the liability-heavy nature of the PEO model. In short, Insperity appears to be better positioned today to absorb shocks or invest for growth than it was a few years ago.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has been generally healthy and recently quite strong, and free cash flow has improved after some choppier years. Capital spending needs are modest, so a large share of cash from operations is available for dividends, buybacks, or reinvestment. The contrast between softer accounting earnings and stronger cash flow suggests working capital dynamics and non‑cash items are important to understand, but from a liquidity standpoint, the cash flow profile looks solid.

Competitive Edge

Competitive Edge Insperity occupies a strong niche in HR outsourcing, focusing on small and mid-sized businesses that want “Fortune 500‑style” benefits and compliance support without building a large internal HR team. Its mix of proprietary software and high-touch service, including dedicated HR teams for clients, creates switching costs and helps drive high client retention. The ability to pool employees across many customers and negotiate attractive benefits is a meaningful advantage that smaller rivals struggle to match. That said, the company still faces competition from both pure software providers and other PEOs, so maintaining service quality and cost discipline will be key to defending its position.

Innovation and R&D

Innovation and R&D The company’s innovation is centered on enhancing its HR platform and broadening services rather than on heavy laboratory-style R&D. Insperity Premier and TimeStar are examples of ongoing investment in cloud-based HR, payroll, and time-tracking tools that aim to simplify complex HR tasks for clients. The rebranded HR360 and HRCore offerings clarify the product lineup and target different levels of client sophistication. Looking forward, the planned HRScale product built with Workday is a major strategic bet on the mid-market, potentially blending enterprise-grade technology with Insperity’s service model. New offerings like Contractor Management also show attention to emerging workforce trends such as the growth of independent contractors.

Summary

Insperity shows a combination of steady revenue growth, improving liquidity, and a differentiated service-plus-software model, but recent margin and earnings pressure are clear watch points. The balance sheet and cash flow trends suggest the company has room to invest and navigate downturns, which supports its strategic moves like the Workday partnership. Its competitive edge comes from bundling high-quality benefits, compliance expertise, and personalized HR support into an integrated platform that can be hard for smaller players or pure software vendors to replicate. The key questions going forward are whether Insperity can restore and sustain higher profitability while scaling new solutions like HRScale and continuing to deliver strong, tangible value to its clients in a competitive and evolving HR landscape.

NEWS

November 21, 2025 · 9:00 AM UTC

Insperity Declares Quarterly Dividend of $0.60

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November 13, 2025 · 8:00 AM UTC

Insperity Recognized as a 2025 Inc. Power Partner Award Winner

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November 3, 2025 · 4:30 PM UTC

Insperity Announces Third Quarter Results and New UnitedHealthcare Contract

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November 1, 2025 · 10:57 AM UTC

INSPERITY INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Insperity, Inc. on Behalf of Insperity Stockholders and Encourages Investors to Contact the Firm

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October 17, 2025 · 9:00 AM UTC

Insperity Third Quarter Earnings Conference Call Monday, November 3

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