NSP

MKT CAP:$1B

Insperity, Inc.

Market Cap

$1B

Industrials·Staffing & Employment Services·🇺🇸 United States·NYSE

Industrials·Staffing·🇺🇸·NYSE

Stock Price

$32.21-$6.41 (-16.60%)

Apr 23, 2026

Company Details

Insperity, Inc. provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company offers its HR services through its Workforce Optimization and Workforce Synchronization ...

CEO

Paul J. Sarvadi

IPO Date

Jan 29, 1997

Website

www.insperity.com

Key Metrics TTM

Revenue

$6.8B

+3.5% YoY

Net Income

-$7M

EPS (Diluted)

-$0.21

Free Cash Flow

-$309M

Revenue / Share

$180.69

Gross Margin

13.2%

Operating Margin

-0.1%

Net Margin

-0.1%

FCF Margin

-4.5%

P/S

0.2x

P/E

—

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 10, 2026

$6.8B+3.5%EPS -$0.18

Q4 2025

Feb 10, 2026

$1.7B+3.4%EPS -$0.88

Q3 2025

Nov 3, 2025

$1.6B+4.0%EPS -$0.53

Q2 2025

Aug 1, 2025

$1.7B+3.3%EPS -$0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.6B	$286M	$98M
Q2 22	$1.4B	$240M	$48M
Q3 22	$1.4B	$245M	$53M
Q4 22	$1.5B	$241M	$51M
Q1 23	$1.8B	$332M	$121M
Q2 23	$1.6B	$225M	$16M
Q3 23	$1.6B	$258M	$59M
Q4 23	$1.6B	$222M	$22M
Q1 24	$1.8B	$345M	$108M
Q2 24	$1.6B	$260M	$23M
Q3 24	$1.6B	$229M	$1M
Q4 24	$1.6B	$218M	-$15M
Q1 25	$1.9B	$310M	$68M
Q2 25	$1.7B	$223M	-$7M
Q3 25	$1.6B	$195M	-$25M
Q4 25	$1.7B	$172M	-$46M

Valuation

Quarter	P/S	P/E
Q1 22	0.2x	9.3x
Q2 22	0.2x	8.8x
Q3 22	0.2x	8.2x
Q4 22	0.2x	6.9x
Q1 23	0.2x	6.0x
Q2 23	0.2x	6.7x
Q3 23	0.2x	6.5x
Q4 23	0.2x	7.2x
Q1 24	0.2x	7.9x
Q2 24	0.2x	7.6x
Q3 24	0.2x	10.3x
Q4 24	0.2x	13.5x
Q1 25	0.2x	19.6x
Q2 25	0.2x	30.8x
Q3 25	0.2x	72.5x
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$59M	$54M
Q2 22	-$36M	-$40M
Q3 22	$99M	$92M
Q4 22	$226M	$212M
Q1 23	$40M	$33M
Q2 23	-$110M	-$117M
Q3 23	$210M	$202M
Q4 23	$58M	$41M
Q1 24	$31M	$26M
Q2 24	$20M	$14M
Q3 24	-$150M	-$164M
Q4 24	$619M	$606M
Q1 25	-$443M	-$449M
Q2 25	-$79M	-$86M
Q3 25	-$11M	-$20M
Q4 25	$255M	$246M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$4M
Q3 22	$7M
Q4 22	$14M
Q1 23	$7M
Q2 23	$7M
Q3 23	$8M
Q4 23	$18M
Q1 24	$5M
Q2 24	$6M
Q3 24	$14M
Q4 24	$13M
Q1 25	$6M
Q2 25	$7M
Q3 25	$9M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+22.6%	+23.0%
Q2 22	+20.8%	+20.3%
Q3 22	+19.0%	+18.5%
Q4 22	+15.4%	+12.7%
Q1 23	+12.2%	+11.5%
Q2 23	+10.7%	+13.4%
Q3 23	+7.8%	+7.6%
Q4 23	+6.1%	+8.3%
Q1 24	+1.8%	+2.7%
Q2 24	+1.3%	+0.8%
Q3 24	+0.6%	+4.6%
Q4 24	+2.1%	+4.5%
Q1 25	+3.4%	+6.0%
Q2 25	+3.3%	+5.2%
Q3 25	+4.0%	+5.6%
Q4 25	+3.4%	+5.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$10M	0.6%
Q2 22	$16M	1.1%
Q3 22	$13M	0.9%
Q4 22	$11M	0.8%
Q1 23	$11M	0.6%
Q2 23	$15M	0.9%
Q3 23	$16M	1.0%
Q4 23	$11M	0.7%
Q1 24	$10M	0.6%
Q2 24	$20M	1.2%
Q3 24	$17M	1.1%
Q4 24	$14M	0.9%
Q1 25	$11M	0.6%
Q2 25	$20M	1.2%
Q3 25	$16M	1.0%
Q4 25	$14M	0.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$158M	$19M
Q2 22	—	$158M	$23M
Q3 22	—	$161M	$21M
Q4 22	—	$160M	$20M
Q1 23	—	$184M	$17M
Q2 23	—	$169M	$17M
Q3 23	—	$170M	$7M
Q4 23	$14M	$168M	$21M
Q1 24	—	$207M	$19M
Q2 24	—	$203M	$12M
Q3 24	—	$197M	$20M
Q4 24	$13M	$199M	$23M
Q1 25	—	$213M	$18M
Q2 25	—	$198M	$11M
Q3 25	—	$186M	$10M
Q4 25	—	$49M	$10M

Revenue by Geography

Quarter	Central	Northeast	Southeast	Southwest	West
Q1 22	$271M	$450M	$202M	$309M	$331M
Q2 22	$252M	$389M	$193M	$280M	$304M
Q3 22	$256M	$386M	$197M	$280M	$305M
Q4 22	$266M	$400M	$204M	$294M	$311M
Q1 23	$319M	$492M	$239M	$340M	$363M
Q2 23	$285M	$426M	$221M	$307M	$330M
Q3 23	$282M	$415M	$222M	$295M	$321M
Q4 23	$285M	$423M	$225M	$307M	$324M
Q1 24	$324M	$509M	$246M	$340M	$366M
Q2 24	$292M	$437M	$225M	$304M	$329M
Q3 24	$286M	$419M	$223M	$294M	$321M
Q1 25	$335M	$526M	$257M	$347M	$377M
Q2 25	$301M	$452M	$238M	$311M	$339M
Q3 25	$295M	$440M	$236M	$304M	$333M
Q4 25	$299M	$455M	$241M	$317M	$339M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$577M	$33M	$609M
Q2 22	$511M	$31M	$542M
Q3 22	$562M	$34M	$597M
Q4 22	$733M	$33M	$766M
Q1 23	$697M	$36M	$732M
Q2 23	$580M	$36M	$616M
Q3 23	$679M	$14M	$692M
Q4 23	$693M	$16M	$709M
Q1 24	$667M	$16M	$683M
Q2 24	$676M	$16M	$692M
Q3 24	$470M	$16M	$486M
Q4 24	$1.0B	$16M	$1.1B
Q1 25	$551M	$17M	$568M
Q2 25	$441M	$15M	$456M
Q3 25	$501M	$18M	$519M
Q4 25	$642M	$18M	$660M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	39M	+1.0%	-0.4%
Q2 22	39M	-0.3%	-0.6%
Q3 22	39M	-0.1%	-0.9%
Q4 22	39M	+0.1%	+0.7%
Q1 23	39M	+1.1%	+0.8%
Q2 23	39M	0.0%	+1.1%
Q3 23	38M	-2.0%	-0.9%
Q4 23	38M	-1.6%	-2.5%
Q1 24	38M	+1.0%	-2.6%
Q2 24	38M	-1.3%	-3.8%
Q3 24	38M	+1.3%	-0.6%
Q4 24	41M	+7.7%	+8.8%
Q1 25	38M	-7.1%	0.0%
Q2 25	36M	-6.0%	-4.8%
Q3 25	38M	+6.4%	0.0%
Q4 25	38M	-0.8%	-7.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$315.6K	5K
Q2 22	$286.4K	5K
Q3 22	$287.8K	5K
Q4 22	$297.9K	5K
Q1 23	$354.0K	5K
Q2 23	$317.0K	5K
Q3 23	$310.2K	5K
Q4 23	$316.0K	5K
Q1 24	$360.4K	5K
Q2 24	$321.0K	5K
Q3 24	$312.2K	5K
Q4 24	$322.6K	5K
Q1 25	$372.6K	5K
Q2 25	$331.6K	5K
Q3 25	$324.6K	5K
Q4 25	$333.6K	5K

Revenue / Employee