Insperity, Inc. (NSP) Balance Sheet

NYSE: NSPAssets, liabilities, debt and equity over 10 years.

NSP balance sheet, 2025

December 31, 2025 · U.S. dollars

$2.20B assets = $2.16B liabilities + $46.0M equity

Both columns are drawn to the same scale: what NSP owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NSP financial health

Current ratio1.06

Adequate · current assets cover current liabilities 1.06×

Debt / equity9.46

High leverage · $9.46 of debt for each $1 of equity

Equity / assets2.1%

Thin equity · of assets funded by shareholders

Cash / debt151.7%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles1.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NSP balance sheet trends, 2016–2025

Insperity, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$907.2M2016	$2.20B2025	+10.4%/yr
Total liabilities	$846.6M2016	$2.16B2025	+11.0%/yr
Shareholders’ equity	$60.5M2016	$46.0M2025	−3.0%/yr
Cash & short-term investments	$287.9M2016	$660.0M2025	+9.7%/yr
Total debt	$104.4M2016	$435.0M2025	+17.2%/yr
Net cash (debt)	$183.5M2016	$225.0M2025	+$41.5M
Working capital	$39.4M2016	$102.0M2025	+$62.6M
Book value per share	$1.452016	$1.212025	−2.0%/yr
Current ratio	1.072016	1.062025	0.00
Debt / equity	1.722016	9.462025	+7.73
Shares outstanding	41.7M2016	38.0M2025	−1.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NSP assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NSP liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NSP debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NSP balance sheet

Insperity, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$660.0M	$1.05B	$709.0M	$765.9M	$607.6M	$589.4M	$402.1M	$387.6M	$356.2M	$287.9M
Cash & equivalents	$642.0M	$1.04B	$693.0M	$732.8M	$575.8M	$554.8M	$367.3M	$326.8M	$354.3M	$286.0M
Short-term investments	$18.0M	$16.0M	$16.0M	$33.1M	$31.8M	$34.5M	$34.7M	$60.8M	$2.0M	$1.9M
Receivables	$855.0M	$829.0M	$694.0M	$622.8M	$525.7M	$392.7M	$469.5M	$400.6M	$343.8M	$275.2M
Inventory	$0	$0	$1	$61.5M	$58.2M	$55.7M	$59.7M	$50.6M	$51.9M	$57.7M
Other current assets	$207.0M	$201.0M	$192.0M	$61.7M	$53.3M	$39.5M	$43.5M	$27.7M	$27.0M	$19.5M
Total current assets	$1.72B	$2.08B	$1.59B	$1.51B	$1.24B	$1.08B	$974.7M	$866.5M	$778.9M	$640.3M
Property, plant & equipment (net)	$240.0M	$257.0M	$254.0M	$256.5M	$273.6M	$276.9M	$204.6M	$117.2M	$95.7M	$80.3M
Goodwill & intangible assets	$26.0M	$13.0M	$25.7M	$25.4M	$12.7M	$12.7M	$12.7M	$32.3M	$12.8M	$13.1M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$215.0M	$242.0M	$245.3M	$245.4M	$222.0M	$217.4M	$202.9M	$175.8M	$176.3M	$173.5M
Total assets	$2.20B	$2.60B	$2.12B	$2.04B	$1.75B	$1.58B	$1.39B	$1.19B	$1.06B	$907.2M
Liabilities
Accounts payable	$6.0M	$10.0M	$11.0M	$7.7M	$6.4M	$6.2M	$4.6M	$10.6M	$6.4M	$4.2M
Short-term debt	$19.0M	$19.0M	$19.8M	$19.9M	$19.2M	$16.5M	$15.1M	$0	$104.4M	$104.4M
Deferred revenue	—	—	—	−$19.9M	−$19.2M	−$16.5M	−$15.1M	—	—	—
Total current liabilities	$1.62B	$1.93B	$1.44B	$1.35B	$1.13B	$904.9M	$869.0M	$772.3M	$726.5M	$601.0M
Long-term debt	$369.0M	$369.0M	$369.4M	$369.4M	$369.4M	$369.4M	$269.4M	$144.4M	$104.4M	$104.4M
Lease obligations	$66.0M	$66.0M	$57.5M	$55.6M	$64.2M	$64.3M	$58.9M	—	—	—
Other long-term liabilities	$168.0M	$201.0M	$220.6M	$235.2M	$256.9M	$265.8M	$252.5M	$197.4M	$166.5M	$141.3M
Total liabilities	$2.16B	$2.50B	$2.03B	$1.96B	$1.75B	$1.54B	$1.39B	$1.11B	$997.4M	$846.6M
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$555,000	$555,000	$555,000	$555,000	$555,000	$555,000	$277,000
Retained earnings (deficit)	$638.0M	$738.0M	$739.0M	$655.2M	$553.6M	$575.0M	$499.5M	$397.9M	$296.8M	$278.2M
Treasury stock	—	—	—	−$725.5M	−$665.1M	−$627.0M	−$544.1M	−$357.6M	−$256.4M	−$227.2M
Accumulated other comprehensive income	—	—	$9,000	−$82,000	−$9,000	$5,000	$12,000	−$9,000	−$5,000	−$3,000
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$46.0M	$97.0M	$94.0M	$81.3M	−$1.8M	$44.1M	$4.1M	$77.7M	$66.3M	$60.5M
Key figures
Total debt	$435.0M	$435.0M	$427.0M	$425.0M	$433.6M	$433.7M	$328.3M	$144.4M	$104.4M	$104.4M
Net cash (debt)	$225.0M	$620.0M	$282.0M	$340.9M	$174.0M	$155.7M	$73.8M	$243.2M	$251.8M	$183.5M
Working capital	$102.0M	$155.0M	$159.0M	$158.5M	$116.3M	$172.3M	$105.7M	$94.2M	$52.5M	$39.4M
Tangible book value	$20.0M	$84.0M	$68.3M	$55.9M	−$14.5M	$31.4M	−$8.6M	$45.4M	$53.6M	$47.4M
Book value per share	$1.21	$2.55	$2.45	$2.10	−$0.05	$1.14	$0.10	$1.87	$1.61	$1.45
Shares outstanding	38.0M	38.0M	38.3M	38.6M	39.0M	38.8M	40.4M	41.5M	41.2M	41.7M
Current ratio	1.06	1.08	1.11	1.12	1.10	1.19	1.12	1.12	1.07	1.07
Quick ratio	0.94	0.98	0.98	1.03	1.00	1.09	1.00	1.02	0.96	0.94
Debt / equity	9.46	4.48	4.54	5.23	—	9.83	80.48	1.86	1.57	1.72
Equity / assets	2.1%	3.7%	4.4%	4.0%	−0.1%	2.8%	0.3%	6.5%	6.2%	6.7%

Insperity, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$619.0M	$555.0M	$660.0M	$519.0M	$456.0M	$568.0M	$1.05B	$486.0M	$692.0M	$683.0M	$709.0M	$692.4M
Cash & equivalents	$619.0M	$537.0M	$642.0M	$501.0M	$441.0M	$551.0M	$1.04B	$470.0M	$676.0M	$667.0M	$693.0M	$678.6M
Short-term investments	$619.0M	$18.0M	$18.0M	$18.0M	$15.0M	$17.0M	$16.0M	$16.0M	$16.0M	$16.0M	$16.0M	$13.8M
Receivables	$878.0M	$880.0M	$855.0M	$929.0M	$854.0M	$842.0M	$829.0M	$765.0M	$740.0M	$724.0M	$694.0M	$656.7M
Inventory	$26.0M	$0	$0	$0	$0	$0	$0	$0	$0	$98.0M	$64.4M	$72.5M
Other current assets	$244.0M	$295.0M	$207.0M	$106.0M	$207.0M	$244.0M	$201.0M	$182.0M	$189.0M	$114.0M	$127.6M	$56.0M
Total current assets	$1.77B	$1.73B	$1.72B	$1.55B	$1.52B	$1.65B	$2.08B	$1.43B	$1.62B	$1.62B	$1.59B	$1.48B
Property, plant & equipment (net)	$227.0M	$232.0M	$240.0M	$245.0M	$248.0M	$253.0M	$257.0M	$256.0M	$241.0M	$247.0M	$254.0M	$244.6M
Goodwill & intangible assets	$13.0M	$26.0M	$26.0M	$13.0M	$13.0M	$13.0M	$13.0M	$13.0M	$13.0M	$13.0M	$25.7M	$12.7M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$227.0M	$208.0M	$215.0M	$200.0M	$240.0M	$223.0M	$242.0M	$231.0M	$220.0M	$247.0M	$245.3M	$261.5M
Total assets	$2.23B	$2.20B	$2.20B	$2.01B	$2.02B	$2.14B	$2.60B	$1.93B	$2.10B	$2.13B	$2.12B	$2.00B
Liabilities
Accounts payable	$10.0M	$6.0M	$6.0M	$8.0M	$6.0M	$8.0M	$10.0M	$6.0M	$7.0M	$6.0M	$11.0M	$7.2M
Short-term debt	—	—	$19.0M	$0	$0	$0	$19.0M	$0	—	—	$19.8M	$0
Deferred revenue	—	—	—	—	—	—	—	—	—	—	−$19.8M	—
Total current liabilities	$1.59B	$1.59B	$1.62B	$1.38B	$1.36B	$1.47B	$1.93B	$1.23B	$1.38B	$1.41B	$1.44B	$1.32B
Long-term debt	$419.0M	$369.0M	$369.0M	$369.0M	$369.0M	$369.0M	$369.0M	$369.0M	$369.0M	$369.0M	$369.4M	$369.4M
Lease obligations	$59.0M	$61.0M	$66.0M	$67.0M	$67.0M	$67.0M	$66.0M	$66.0M	$55.0M	$56.0M	$57.5M	$52.0M
Other long-term liabilities	$167.0M	$172.0M	$168.0M	$174.0M	$180.0M	$189.0M	$201.0M	$206.0M	$201.0M	$211.0M	$220.6M	$222.6M
Total liabilities	$2.17B	$2.13B	$2.16B	$1.93B	$1.91B	$2.02B	$2.50B	$1.81B	$1.95B	$1.99B	$2.03B	$1.91B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$555,000
Retained earnings (deficit)	$629.0M	$648.0M	$638.0M	$694.0M	$736.0M	$764.0M	$738.0M	$769.0M	$788.0M	$793.0M	$739.0M	$740.2M
Accumulated other comprehensive income	—	—	—	—	—	—	—	—	—	—	$9,000	−$5,000
Total shareholders' equity	$61.0M	$67.0M	$46.0M	$87.0M	$112.0M	$119.0M	$97.0M	$125.0M	$142.0M	$140.0M	$94.0M	$83.1M
Key figures
Total debt	$478.0M	$430.0M	$435.0M	$436.0M	$436.0M	$436.0M	$435.0M	$435.0M	$424.0M	$425.0M	$427.0M	$421.4M
Net cash (debt)	$141.0M	$125.0M	$225.0M	$83.0M	$20.0M	$132.0M	$620.0M	$51.0M	$268.0M	$258.0M	$282.0M	$271.0M
Working capital	$180.0M	$142.0M	$102.0M	$172.0M	$160.0M	$188.0M	$155.0M	$200.0M	$238.0M	$213.0M	$159.0M	$156.3M
Tangible book value	$48.0M	$41.0M	$20.0M	$74.0M	$99.0M	$106.0M	$84.0M	$112.0M	$129.0M	$127.0M	$68.3M	$70.4M
Book value per share	$1.62	$1.78	$1.22	$2.29	$3.14	$3.13	$2.37	$3.29	$3.79	$3.68	$2.50	$2.17
Shares outstanding	37.7M	37.7M	37.7M	38.0M	35.7M	38.0M	40.9M	38.0M	37.5M	38.0M	37.6M	38.2M
Current ratio	1.11	1.09	1.06	1.12	1.12	1.13	1.08	1.16	1.17	1.15	1.11	1.12
Quick ratio	0.94	0.90	0.94	1.05	0.97	0.96	0.98	1.01	1.04	1.00	0.98	1.02
Debt / equity	7.84	6.42	9.46	5.01	3.89	3.66	4.48	3.48	2.99	3.04	4.54	5.07
Equity / assets	2.7%	3.1%	2.1%	4.3%	5.6%	5.6%	3.7%	6.5%	6.8%	6.6%	4.4%	4.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

NSP financial position

At the end of fiscal 2025 (December 31, 2025), Insperity had total assets of $2.2 billion (down 15.2% from a year earlier), total liabilities of $2.2 billion and shareholders' equity of $46.0 million. It held $660.0 million in cash and short-term investments against $435.0 million of debt, a net cash position of $225.0 million. Its current ratio was 1.06. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $61.0 million.

Related: NSP income statement, NSP cash flow statement, NSP key metrics. See the NSP stock overview for the latest quote and news.

NSP balance sheet FAQ

What are Insperity's total assets?

Insperity reported total assets of $2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.6 billion a year earlier.

How much debt does Insperity have?

Insperity had $435.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 9.46.

How much cash does Insperity have?

Insperity held $660.0 million in cash and short-term investments at the end of fiscal 2025; with $435.0 million of debt that is net cash of $225.0 million.

What is Insperity's book value?

Insperity's shareholders' equity (book value) was $46.0 million at the end of fiscal 2025, or $1.21 per share.

What is Insperity's current ratio?

Insperity had current assets of $1.7 billion and current liabilities of $1.6 billion, a current ratio of 1.06 (it can cover its short-term obligations).

How much goodwill does Insperity have?

Insperity carried $26.0 million of goodwill and intangible assets, 1.2% of total assets, at the end of fiscal 2025.