NSP earnings analysis
What we found in NSP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Insperity, Inc. reported strong Q1 2026 results with revenue of $1.895 billion, slightly exceeding estimates and representing a 2% increase compared to Q1 2025. EPS also surpassed expectations at $1.31, though it reflected a 35% drop year-over-year due to restructuring impacts. Despite challenges with a 1% decline in average paid WSEEs, management voiced optimism about margin recovery efforts, yet admitted ongoing headwinds remain.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 Revenue Surprises to Upside
- Actual revenue for Q1 2026 was $1.895 billion, beating estimates of $1.892 billion by 0.16%.
- EPS Exceeds Expectations
- Reported EPS of $1.31 beat estimates of $1.17, resulting in an EPS surprise of 11.97%.
- Slight Revenue Growth
- Revenue increased 2% compared to Q1 2025, rising from $1.863 billion to $1.895 billion.
- Managing Restructuring Costs
- Restructuring charges amounted to $9 million in Q1 2026, impacting overall profitability.
- Positive Adjusted EBITDA Trend
- Adjusted EBITDA rose 1% year-over-year to $103 million.
- Cash and Working Capital Improvement
- Working capital increased to $142 million from $102 million at year-end 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Average WSEEs
- Average paid WSEEs decreased by 1% to 303,049, impacting revenue generation.
- Net Income Decline
- Net income fell 35% to $33 million year-over-year, influenced by restructuring costs.
- Increased Operating Costs
- Operating expenses decreased marginally by 1%, yet restructuring and trade costs remain a concern.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.31
- Gross margin
- 15.9%
- Operating margin
- 3.3%
What they said about what is next.
Management expects adjusted EPS for Q2 2026 to be in the range of $0.02 - $0.50, with full-year EPS guidance set at $1.60 - $2.60.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 11, 2026
- Insperity positions itself as a scaled PEO/HR solutions provider focused on small and middle-market clients, emphasizing a ‘‘high-touch/high-tech’’ approach and a new Workday-based HRScale solution (initial clients…
- 10-Q · November 4, 2025
- Insperity reported Q3 2025 revenues of $1.62 billion, a slight increase of 4% year-over-year but a marginal decrease from the previous quarter. However, the company posted a net loss of $20 million, translating to a…
- 10-Q · April 29, 2025
- Insperity reported Q1 revenue of $1,863.0 million, up 3% year-over-year from $1,802.0 million, with gross profit of $310.0 million (16.6% margin) and operating income of $68.0 million (3.7% margin). Diluted EPS declined…
- 10-Q · August 6, 2024
- Insperity reported Q2 revenue of $1,605.0 million (up $20.0 million or ~1% YoY from $1,585.0 million) with gross profit of $260.0 million and operating income of $23.0 million. Diluted EPS for the quarter was $0.48…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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