Financial Statements — TNET
Balance Sheet
(in billions USD)| Metric | Q2
44012 | Q1
43921 | Q3
43738 | Q2
43646 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Cash & Equivalents | 0.64 | 0.52 | 0.22 | 0.22 | 0.36 | 0.34 | 0.32 | 0.41 | 0.35 | 0.25 | 0.18 | 0.30 | 0.17 | 0.48 | 0.71 | 0.45 | 0.34 | 0.24 | 0.53 | 0.46 |
| Short-term Investments | 0.08 | 0.07 | 0.07 | 0.08 | -- | -- | -- | -- | -- | 0.05 | 0.07 | 0.09 | 0.08 | 0.07 | 0.09 | 0.10 | 0.12 | 0.15 | 0.16 | 0.13 |
| Accounts Receivable | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Assets | 1.94 | 1.89 | 1.38 | 1.46 | 2.38 | 2.48 | 2.50 | 2.76 | 2.86 | 2.61 | 2.57 | 2.84 | 1.85 | 2.18 | 2.63 | 1.97 | 1.96 | 2.09 | 2.20 | 2.08 |
| Property, Plant & Equipment | 0.08 | 0.08 | 0.09 | 0.09 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 |
| Goodwill | 0.29 | 0.29 | 0.29 | 0.29 | 0.47 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.43 | 0.43 | 0.29 | 0.29 |
| Intangible Assets | 0.01 | 0.01 | 0.02 | 0.02 | 0.17 | 0.16 | 0.15 | 0.15 | 0.15 | 0.18 | 0.18 | 0.17 | 0.17 | 0.16 | 0.16 | 0.10 | 0.10 | 0.10 | 0.01 | 0.01 |
| Total Non-current Assets* | 0.87 | 0.87 | 0.87 | 0.86 | 0.96 | 0.94 | 0.93 | 0.93 | 0.92 | 1.12 | 1.14 | 1.13 | 1.11 | 1.11 | 1.11 | 1.11 | 1.09 | 1.11 | 0.87 | 0.89 |
| Total Assets | 2.80 | 2.77 | 2.25 | 2.32 | 3.35 | 3.42 | 3.43 | 3.69 | 3.78 | 3.73 | 3.70 | 3.97 | 2.97 | 3.29 | 3.74 | 3.08 | 3.04 | 3.20 | 3.07 | 2.98 |
| Total Current Liabilities | 1.57 | 1.61 | 1.12 | 1.22 | 2.11 | 2.23 | 2.25 | 2.51 | 2.65 | 2.44 | 2.46 | 2.67 | 1.70 | 1.71 | 2.24 | 1.52 | 1.58 | 1.79 | 1.56 | 1.53 |
| Long-term Debt | 0.36 | 0.36 | 0.38 | 0.38 | 0.90 | 0.90 | 0.90 | 0.89 | 0.91 | 0.99 | 0.98 | 0.98 | 1.09 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Total Non-current Liabilities* | 0.62 | 0.62 | 0.65 | 0.66 | 1.11 | 1.11 | 1.07 | 1.07 | 1.07 | 1.16 | 1.14 | 1.16 | 1.25 | 0.67 | 0.68 | 0.70 | 0.70 | 0.72 | 0.70 | 0.70 |
| Total Liabilities | 2.19 | 2.23 | 1.77 | 1.88 | 3.22 | 3.34 | 3.32 | 3.58 | 3.71 | 3.60 | 3.60 | 3.83 | 2.96 | 2.38 | 2.91 | 2.22 | 2.28 | 2.51 | 2.26 | 2.23 |
| Retained Earnings | (0.11) | (0.17) | (0.20) | (0.23) | (1.05) | (1.07) | (1.00) | (0.99) | (1.01) | (0.91) | (0.92) | (0.85) | (0.93) | (0.01) | (0.08) | (0.02) | (0.09) | (0.13) | 0.02 | (0.04) |
| Total Stockholder Equity* | 0.62 | 0.53 | 0.48 | 0.44 | 0.13 | 0.08 | 0.11 | 0.11 | 0.06 | 0.13 | 0.10 | 0.14 | 0.01 | 0.92 | 0.83 | 0.86 | 0.76 | 0.70 | 0.81 | 0.74 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q3
43738 | Q2
43646 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Total Revenue | 0.88 | 0.94 | 1.18 | 1.23 | 1.25 | 1.23 | 1.24 | 1.29 | 1.28 | 1.24 | 1.23 | 1.26 | 1.25 | 1.22 | 1.21 | 1.25 | 1.23 | 1.24 | 1.20 | 1.22 |
| Research & Development | -- | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Selling, General & Admin | -- | 0.04 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.09 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.06 | 0.04 | 0.08 | 0.06 | 0.06 | 0.05 |
| Operating Income | -- | 0.06 | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.08 | 0.12 | 0.09 | 0.12 | 0.10 | 0.17 | 0.06 | 0.12 | 0.12 | 0.20 |
| Pretax Income | -- | 0.06 | 0.07 | 0.12 | 0.00 | 0.05 | 0.05 | 0.12 | (0.04) | 0.06 | 0.08 | 0.12 | 0.09 | 0.12 | 0.11 | 0.18 | 0.06 | 0.10 | 0.12 | 0.20 |
| Tax Provision | -- | 0.01 | 0.02 | 0.03 | 0.00 | 0.02 | 0.01 | 0.03 | (0.01) | 0.01 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.05 | 0.02 | 0.03 | 0.03 | 0.05 |
| Net Income | -- | 0.05 | 0.05 | 0.09 | -0.00 | 0.03 | 0.04 | 0.09 | (0.02) | 0.05 | 0.06 | 0.09 | 0.07 | 0.09 | 0.08 | 0.13 | 0.05 | 0.08 | 0.09 | 0.15 |
| Basic EPS | -- | 0.65 | 1.16 | 1.90 | 0.01 | 0.70 | 0.77 | 1.72 | (0.44) | 0.90 | 1.21 | 1.80 | 1.38 | 1.65 | 1.40 | 2.18 | 0.84 | 1.23 | 1.36 | 2.23 |
| Diluted EPS | -- | 0.64 | 1.15 | 1.90 | 0.02 | 0.70 | 0.77 | 1.71 | (0.44) | 0.89 | 1.20 | 1.78 | 1.38 | 1.63 | 1.38 | 2.17 | 0.83 | 1.22 | 1.35 | 2.21 |
Cash Flow Statement
(in millions USD)| Metric | Q2
43646 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 |
|---|
| Operating Cash Flow | (162.00) | 88.00 | 149.00 | 61.00 | 72.00 | 75.00 | 95.00 | 555.00 | (31.00) | (123.00) | (122.00) | 588.00 | (110.00) | 144.00 | (77.00) | 486.00 | (49.00) | (89.00) | 214.00 | 234.00 |
| Capital Expenditures | 25.00 | 21.00 | 26.00 | 18.00 | 17.00 | 18.00 | 16.00 | 18.00 | 25.00 | 17.00 | 18.00 | 21.00 | 20.00 | 17.00 | 17.00 | 17.00 | 13.00 | 15.00 | 11.00 | 11.00 |
| Free Cash Flow* | (187.00) | 67.00 | 123.00 | 43.00 | 55.00 | 57.00 | 79.00 | 537.00 | (56.00) | (140.00) | (140.00) | 567.00 | (130.00) | 127.00 | (94.00) | 469.00 | (62.00) | (104.00) | 203.00 | 223.00 |
| Investing Cash Flow | (25.00) | (71.00) | (13.00) | (16.00) | (20.00) | 1.00 | (8.00) | 178.00 | 24.00 | (2.00) | (47.00) | (13.00) | (26.00) | (8.00) | (23.00) | (21.00) | (14.00) | 22.00 | (213.00) | 10.00 |
| Financing Cash Flow | (77.00) | (112.00) | (645.00) | 511.00 | (132.00) | 66.00 | (494.00) | 10.00 | (39.00) | (148.00) | (30.00) | (23.00) | (423.00) | (300.00) | 200.00 | (144.00) | (7.00) | (32.00) | (353.00) | (8.00) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 |
|---|
| Dividends Per Share | 0.29 | 0.29 | (0.53) | 0.28 | 0.28 | 0.25 | 0.25 |
