Revenue Performance - Revenue for the three months ended September 30, 2025, was $768.3 million, representing a year-over-year growth of 5.9% compared to $725.3 million in 2024[119] - For the nine months ended September 30, 2025, revenue reached $2,293.9 million, a 6.9% increase from $2,146.1 million in the same period of 2024[119] - Revenues for Q3 2025 were $768.3 million, a 5.9% increase from $725.3 million in Q3 2024, driven by a $35.2 million increase in underwriting revenue (6.9%) and a $7.8 million increase in claims revenue (3.6%) [123] - For the nine months ended September 30, 2025, revenues reached $2,293.9 million, up 6.9% from $2,146.1 million in the same period of 2024, with underwriting revenue increasing by $110.9 million (7.3%) and claims revenue by $36.9 million (5.8%) [135] EBITDA and Margins - EBITDA for the three months ended September 30, 2025, was $426.6 million, reflecting an 8.3% growth from $393.8 million in 2024[119] - The EBITDA margin for the nine months ended September 30, 2025, was calculated as EBITDA of $1,288.2 million against revenues of $2,293.9 million, indicating a margin improvement[119] - EBITDA for Q3 2025 was $426.6 million, with an EBITDA margin of 55.5%, up from $393.8 million and 54.3% in Q3 2024, reflecting revenue growth and cost discipline [133] - EBITDA for the nine months ended September 30, 2025 was $1,288.2 million, with an EBITDA margin of 56.2%, down from 59.3% in the prior year [147] Net Income - Net income for the three months ended September 30, 2025, was $225.5 million, a 2.5% increase from $220.0 million in 2024[119] - Net income for Q3 2025 was $225.5 million, a slight increase from $220.0 million in Q3 2024, while net income for the nine months ended September 30, 2025, was $711.1 million, down from $747.2 million in the same period of 2024[149] - For the nine months ended September 30, 2025, net income was $711.1 million, down 4.8% from $747.2 million in the same period of 2024, with a net income margin of 31.0% compared to 34.8% [146] Expenses - Personnel expenses accounted for approximately 56% of total operating expenses for the nine months ended September 30, 2025[113] - The cost of revenues for the three months ended September 30, 2025, was $229.5 million, a 2.7% increase from $223.4 million in 2024[119] - Selling, general and administrative expenses decreased by 3.0% to $110.6 million for the three months ended September 30, 2025, compared to $114.0 million in 2024[119] - Cost of revenues for Q3 2025 was $229.5 million, a 2.7% increase from $223.4 million in Q3 2024, with a net increase of $8.1 million attributed to IT expenses, salaries, and data costs [125] - Selling, general and administrative expenses decreased by 3.0% to $110.6 million in Q3 2025 from $114.0 million in Q3 2024, despite a net increase of $3.4 million from recent acquisitions [126] Cash Flow and Debt - Cash and cash equivalents totaled $2,108.7 million as of September 30, 2025, significantly up from $292.5 million at the end of 2024[150] - Net cash provided by operating activities increased by 36.2% to $403.5 million in Q3 2025 from $296.2 million in Q3 2024[159] - Total debt increased to $4,750 million as of September 30, 2025, up from $3,050 million at the end of 2024[153] - The company repurchased $400.2 million of its common stock during the nine months ended September 30, 2025, compared to $750.0 million in the same period of 2024[152] - The company entered into a $750.0 million Term Credit Agreement on August 15, 2025, to finance the acquisition of AccuLynx[156] - Net cash used in investing activities for Q3 2025 was $234.5 million, primarily due to acquisitions totaling $160.4 million[161] - Net cash provided by financing activities for Q3 2025 was $1,305.3 million, driven by proceeds from short-term debt issuance[163] Tax and Interest - The provision for income taxes for Q3 2025 was $76.6 million, with an effective tax rate of 25.3%, compared to $65.3 million and 22.9% in Q3 2024 [131] - Interest expense for Q3 2025 increased by 31.5% to $42.2 million from $32.1 million in Q3 2024, primarily due to new Senior Notes issuance [130] Management and Accounting - Management's discussion and analysis are based on condensed consolidated financial statements prepared in accordance with U.S. GAAP[167] - Management evaluates estimates related to acquisition purchase price allocations, revenue recognition, and goodwill[167] - No material changes to critical accounting policies and estimates since the last annual report on Form 10-K[167] - Market risks as of September 30, 2025, have not materially changed from those discussed in the previous annual report[168] Operational Efficiency - The company aims to grow its headcount while managing personnel expenses at a lower rate than revenue growth, indicating a focus on operational efficiency[115]

Financial Performance - Total revenues for Q3 2025 were $1.2 billion, a 2% decrease compared to Q3 2024[22] - Net income for Q3 2025 was $34 million, representing a 24% decrease year-over-year[22] - Adjusted net income for Q3 2025 was $55 million, a 7% decrease from Q3 2024[22] - Year-to-date total revenues for 2025 reached $3.8 billion, with a flat growth rate compared to the previous year[27] - Year-to-date net income was $156 million, down 20% from the same period in 2024[27] - Professional service revenues decreased by 8% to $169 million for Q3 2025 compared to $184 million in Q3 2024[29] - Total revenues for Q3 2025 were $1,232 million, a 2% decline from $1,252 million in Q3 2024[29] - Net income for Q3 2025 was $34 million, down 24% from $45 million in Q3 2024[29] - Adjusted EBITDA for Q3 2025 was $100 million, an 8% decrease from $109 million in Q3 2024[34] - Professional service revenues decreased by 8.2% year-over-year to $169 million for Q3 2025, while total revenues decreased by 1.6% to $1,232 million[128] - Net income for Q3 2025 was $34 million, down 24.4% from $45 million in Q3 2024, resulting in a diluted net income per share of $0.70[128] - Net income for the nine months ended September 30, 2025, was $156 million, compared to $196 million in the same period of 2024, a decrease of 20.4%[200] - Professional service revenues for the nine months ended September 30, 2025, were $550 million, down from $584 million in the same period of 2024, a decrease of 5.8%[200] Employee Metrics - Average Worksite Employees (WSEs) decreased by 6% in Q3 2025, with total WSEs at 335,235[22] - Average Worksite Employees (WSEs) decreased by 6% to 335,235 in Q3 2025 compared to 355,948 in Q3 2024[39] - Total WSEs also fell by 7% to 331,973 in Q3 2025 from 356,137 in Q3 2024[40] - Monthly revenues per co-employed Average WSE increased by 8% during Q3 2025 compared to Q3 2024[51] Insurance Costs - The insurance cost ratio (ICR) remained flat at 90% in Q3 2025 compared to the same period in 2024[22] - The company experienced a 2% increase in ICR year-to-date, driven by rising insurance costs[25] - Insurance costs for Q3 2025 were $943 million, slightly down from $949 million in Q3 2024, while total insurance service revenues were $1,046 million compared to $1,053 million in the same period[48] - The insurance cost ratio remained flat at 90% for Q3 2025, but increased to 90% for the nine months ended September 30, 2025, compared to 88% for the same period in 2024[48] - The company reported a decrease in insurance costs to $943 million for Q3 2025, down from $949 million in Q3 2024[128] Cash and Assets - Cash and cash equivalents decreased by 11% to $321 million as of September 30, 2025, compared to $360 million at the end of 2024[30] - Total assets decreased by 17% to $3,425 million as of September 30, 2025, down from $4,119 million at the end of 2024[30] - Total current assets decreased to $2,498 million as of September 30, 2025, down from $3,180 million at the end of 2024[129] - Total liabilities decreased to $3,315 million as of September 30, 2025, compared to $4,050 million at the end of 2024[129] - Total cash, cash equivalents, and investments as of September 30, 2025, were $1,554 million, compared to $1,918 million as of December 31, 2024[164] - As of September 30, 2025, the company held approximately $1.6 billion in restricted and unrestricted cash, cash equivalents, and investments, with $321 million classified as unrestricted cash and cash equivalents[106] Shareholder Returns - The company returned $162 million to stockholders through dividends and stock repurchases as of September 30, 2025[23] - The company repurchased 1,711,793 shares of common stock for approximately $122 million during the nine months ended September 30, 2025[110] - The company paid common stock dividends of $0.25 per share in January 2025 and $0.275 per share in April and July 2025[111] - The company declared common stock dividends of $0.275 per share in October 2025, consistent with previous payments in 2025[188] - The company repurchased 481,649 shares during Q3 2025, with a total remaining authorization for future stock repurchases of $129 million as of September 30, 2025[187][204] Tax and Compliance - The effective tax rate increased to 32% for Q3 2025 from 23% in Q3 2024, mainly due to decreases in tax benefits and credits[87] - The effective tax rate (ETR) for Q3 2025 was 32%, up from 23% in Q3 2024, primarily due to decreases in tax benefits for stock-based compensation[189] - The company maintains compliance with all financial covenants under its credit agreements as of September 30, 2025[114] Corporate Developments - The company opened a new corporate center in Atlanta as part of its strategic restructuring initiatives[23] - The company incurred $2 million in restructuring costs for Q3 2025, as part of a strategy to focus on its U.S. PEO business[195] - The establishment of a new corporate center in Atlanta added $40 million to future minimum lease payments and $19 million to operating lease ROU asset[157] Cash Flow Activities - Net cash provided by operating activities for the nine months ended September 30, 2025, was $242 million, compared to $214 million for the same period in 2024[99] - Cash used in investing activities for the nine months ended September 30, 2025, was $(27) million, slightly higher than $(25) million in 2024[102] - Net cash used in financing activities for the nine months ended September 30, 2025, was $(560) million, compared to $(707) million in 2024, primarily driven by timing of client payments and payroll-related activities[109] Investments and Securities - The gross proceeds from sales of AFS securities for the three months ended September 30, 2025, were $14 million, compared to $31 million for the same period in 2024[170] - The total fair value of cash equivalents and AFS investments was $385 million, with cash equivalents at $179 million and AFS investments at $206 million[165] - The fair value of the 2029 Notes and 2031 Notes as of September 30, 2025, was $469 million and $413 million, respectively, reflecting an increase from $453 million and $408 million at the end of 2024[171] Stock-Based Compensation - Stock-based compensation expense for Q3 2025 was $17 million, compared to $15 million in Q3 2024, representing a 13.3% increase[184] - The total stock-based compensation expense for the nine months ended September 30, 2025, was $48 million, down from $53 million in the same period of 2024, a decrease of 9.4%[184] - The total number of time-based RSUs nonvested at September 30, 2025, was 1,216,219 shares, with a weighted-average grant date fair value of $88.61[179] - The total fair value of stock options granted in the nine months ended September 30, 2025, was estimated at $9 million, with a weighted-average grant date fair value of $31.65[183] Miscellaneous - The company has reclassified certain prior year amounts in its financial statements to enhance clarity, impacting operating activities and financing activities[146][147] - The company is evaluating new accounting standards that will affect income tax disclosures and internal-use software costs in future reporting periods[158][159][160] - TriNet Trust is consolidated into the company's financial statements, reflecting its status as a variable interest entity[143] - As of September 30, 2025, total ERTC receivables were $389 million, down from $831 million as of December 31, 2024, with $20 million distributed to clients[156] - The company incurred $11 million in total workers' compensation costs during the three months ended September 30, 2025, compared to $14 million for the same period in 2024[173] - The total accrued workers' compensation costs at the end of September 2025 were $159 million, slightly up from $158 million at the end of December 2024[173]

Charleston, S.C. (October 29, 2025) — Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its third quarter ended September 30, 2025. "Innovation continues to drive our clear market leadership and a widening competitive moat," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "As demonstrated at our recent bbcon conference in October, we continue to make significant investments in AI, empowering ...

Exhibit 99.1 Verisk Reports Third-Quarter 2025 Financial Results JERSEY CITY, N.J., October 29, 2025 — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the third quarter ended September 30, 2025. The earnings release is available on the company's Investor Relations website at investor.verisk.com. Lee Shavel, President and CEO, Verisk: Summary of Results (GAAP and Non-GAAP) from Continuing Operations (in millions, except per share amounts) Note: Adju ...

TriNet Announces Third Quarter 2025 Results & Reaffirms Full Year 2025 Guidance DUBLIN, Calif. — October 29, 2025 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced financial results for the third quarter ended September 30, 2025. The third quarter highlights below include non-GAAP financial measures which are reconciled later in this release. "After our strong third quarter financial performance, we a ...

Exhibit 99.1 News Release For more information contact: Media Relations: Sophia Marshall Senior Vice President, Communications Fiserv, Inc. 678-641-0116 sophia.marshall@fiserv.com Investor Relations: Julie Chariell Senior Vice President, Investor Relations Fiserv, Inc. 332-282-2685 julie.chariell@fiserv.com For Immediate Release Fiserv Reports Third Quarter 2025 Results GAAP revenue growth of 1% in the quarter and 5% year to date; GAAP EPS increased 49% in the quarter and 29% year to date; Organic revenue g ...

Exhibit 99.1 Fiserv Reports Third Quarter 2025 Results GAAP revenue growth of 1% in the quarter and 5% year to date; GAAP EPS increased 49% in the quarter and 29% year to date; Organic revenue growth of 1% in the quarter and 5% year to date; Adjusted EPS decreased 11% in the quarter and increased 6% year to date; Company now expects 2025 organic revenue growth of 3.5 to 4% and adjusted EPS of $8.50 to $8.60 Launches One Fiserv action plan to prioritize and enhance client focus and build on Fiserv's strength ...

OppFi . Q3 2025 Earnings Presentation October 29, 2025 Disclaimer This presentation the "Presentablem" in Copy"in, or the "Company" is for ritornalism purposes only Ceftain information contained heren has been peried from soss sreased or the eleadel or the ourgoses used teenin, the Company makes no recreasmation or waranty with research of such information. Tredenarks and taske rannes referend by in this Pr owners. The information contained herein does not purport to be all-inclusive. This Presentation does ...

Exhibit 99.1 COASTAL FINANCIAL CORPORATION ANNOUNCES THIRD QUARTER 2025 RESULTS Company Release: October 29, 2025 Everett, WA – Coastal Financial Corporation (Nasdaq: CCB) (the "Company", "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the "Bank"), through which it operates a community-focused bank segment ("community bank") with an industry leading banking as a service ("BaaS") segment ("CCBX"), today reported unaudited financial results for the quarter ended September 30, ...

"Our growth in media spend this quarter reflects steady progress on our strategy with strong execution. Our ability to deliver measurable outcomes across channels continues to differentiate Criteo and build momentum," said Michael Komasinski, Chief Executive Officer of Criteo. "We are advancing rapidly in innovation, leveraging our deep commerce data and AI to position Criteo at the forefront of agentic AI and deliver sustainable shareholder value." Operating Highlights • Criteo's media spend2 was $4.3 bill ...